Mazda MX-5 Miata Insurance Rates

Estimated insurance rates for a Mazda MX-5 Miata are $968 a year for full coverage. Comprehensive costs around $176 a year, collision costs $254, and liability costs around $402. A policy with only liability insurance costs as low as $446 a year, with a high-risk policy costing around $2,086. Teens pay the most at $3,798 a year or more.

Average premium for full coverage: $968

Premium estimates for type of coverage:

Rates are based on $500 comprehensive and collision deductibles, minimum liability limits, and includes additional medical/uninsured motorist coverage. Rates include averaging for all states and MX-5 Miata trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Where you live can make a big difference on auto insurance rates. Areas with sparse population are statistically proven to have a lower frequency of accident claims than cities with more traffic congestion.

The diagram below illustrates the difference location can make on auto insurance rates.

These rate differences show why it is important to compare prices for a specific zip code and risk profile, instead of making a decision based on averaged prices.

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

Additional Rate Analysis

The chart below shows estimated Mazda MX-5 Miata insurance rates for additional coverage choices and driver risks.

• The cheapest rate after discounts is $578
• Using higher $1,000 deductibles will save about $870 a year
• The average rate for a 40-year-old good driver using $500 deductibles is $968
• Selecting low $100 deductibles for physical damage coverage will increase the cost to $1,156
• High-risk insureds with serious driving violations could pay at least $2,086 or more
• An auto insurance policy for full coverage for a 16-year-old driver can be $3,798 or more

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

Older drivers with no driving violations and high deductibles may pay as low as $900 a year, or $75 per month, for full coverage. Prices are much higher for drivers in their teens, where even good drivers will be charged as much as $3,700 a year. View Rates by Age

Where you choose to live has a huge impact on Mazda MX-5 Miata insurance prices. A driver around age 40 might see prices as low as $640 a year in states like Idaho, Maine, and Iowa, or have to pay at least $1,380 on average in Michigan, Louisiana, and New York.

Choosing higher comprehensive and collision insurance deductibles could cut prices by as much as $290 annually, while buying higher liability limits will increase prices. Going from a 50/100 limit to a 250/500 limit will cost up to $362 extra every 12 months. View Rates by Deductible or Liability Limit

If you have a few violations or tend to cause accidents, you could be paying at least $1,100 to $1,600 extra annually, depending on your age. A high-risk auto insurance policy can be from 42% to 126% more than the average policy. View High Risk Driver Rates

With such a large range in prices, the only way to know your exact price is to get quotes from multiple companies. Each insurance company calculates prices differently, so rate quotes will be substantially different from one company to the next.

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 Find the Best Cheap Mazda MX-5 Miata Insurance

Finding better rates on insurance for a Mazda MX-5 Miata requires avoiding accidents and violations, having above-average credit, not filing small claims, and qualifying for all possible discounts. Make time to compare rates every couple of years by getting quotes from direct carriers like Progressive, GEICO, and Esurance, and also from local insurance agents.

The list below is a quick review of the material that was touched on in this article.

• Insureds who may need higher liability limits will pay approximately $440 each year to increase from 30/60 bodily injury limits to 250/500 limits
• Teenagers are the costliest to insure, as much as $317 per month if full coverage is included
• Drivers considered higher risk with a DUI or reckless driving violation may be required to pay an average of $1,120 more every year for car insurance
• Increasing policy deductibles can save around $275 each year