Mazda MX-5 Miata Insurance Rates

Estimated auto insurance rates for a Mazda MX-5 Miata are $938 annually including full coverage. Comprehensive costs an estimated $164, collision insurance costs $236, and liability coverage is estimated at $402. A policy with only liability insurance costs approximately $446 a year, and a high-risk policy costs around $2,020. Teen drivers pay the most at up to $3,708 a year.

Average premium for full coverage: $938

Premium estimates broken down by type of coverage:

Full coverage includes $500 policy deductibles, split liability limits of 30/60, and includes additional medical/uninsured motorist coverage. Rates include averaging for all 50 U.S. states and for different MX-5 Miata trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city has a large influence on the price of auto insurance. More rural locations are statistically proven to have fewer comprehensive and collision claims than larger metro areas. The price range example below illustrates the effect of geographic area on insurance prices.

These rate differences highlight why anyone shopping for car insurance should get quotes for a targeted area and their own personal driving habits, rather than using price averages.

Use the form below to get customized rates for your location.

Additional Rate Analysis

The chart below breaks down average Mazda MX-5 Miata insurance rates for other coverage scenarios.

• The lowest rate with discounts is $563
• Choosing higher $1,000 deductibles can save approximately $92 every year
• The estimated rate for a 40-year-old good driver who has $500 deductibles is $938
• Choosing more expensive low deductibles for comp and collision coverage will cost $1,112
• Drivers with multiple violations and an at-fault accident could pay up to $2,020
• An auto insurance policy with full coverage for a teenage driver with full coverage can cost as much as $3,708 each year

Car insurance prices for a Mazda MX-5 Miata also have a wide range based on the model of your MX-5 Miata, your driving characteristics, and liability limits and deductibles.

An older driver with no driving violations and high physical damage deductibles may only pay around $900 annually on average, or $75 per month, for full coverage. Prices are highest for drivers in their teens, where even without any violations or accidents they will be charged at least $3,700 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you are likely paying $1,100 to $1,600 extra annually, depending on your age. High-risk driver insurance ranges around 43% to 131% more than average. View High Risk Driver Rates

Choosing high deductibles can save as much as $270 a year, while increasing your policy's liability limits will increase premiums. Changing from a 50/100 bodily injury limit to a 250/500 limit will cost up to $362 extra every 12 months. View Rates by Deductible or Liability Limit

Where you choose to live plays a big part in determining prices for Mazda MX-5 Miata insurance rates. A good driver about age 40 could pay as low as $720 a year in states like Vermont, New Hampshire, and Missouri, or as much as $1,340 on average in Louisiana, New York, and Michigan.

Insurance Rates by Trim Level and Model Year

Rates assume 2014 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

How to Buy More Affordable Mazda MX-5 Miata Insurance

Finding better rates on auto insurance takes being a good driver, having a good credit score, refrain from filing small claims, and possibly higher deductibles. Take the time to compare rates at least once a year by getting rate quotes from direct car insurance companies, and also from insurance agencies where you live.

The following list is a summary of the primary concepts that were covered in the above illustrations.

• You may be able to save approximately $110 per year just by shopping early and online
• Drivers who have multiple accidents or major violations could be forced to pay on average $1,080 more annually than a safer driver
• Increasing policy deductibles could save up to $275 each year
• Drivers age 16 to 20 have the highest car insurance prices, with the cost nearing $309 per month if comprehensive and collision insurance is included