Mazda MX-5 Miata Insurance Rates

Average insurance rates for a Mazda MX-5 Miata are $938 a year including full coverage. Comprehensive costs an estimated $164 a year, collision costs $236, and liability is estimated at $402. Buying just liability costs approximately $446 a year, with insurance for high-risk drivers costing around $2,020. Teen drivers receive the highest rates at $3,708 a year or more.

Average premium for full coverage: $938

Rate estimates broken down by individual coverage type:

Includes $500 policy deductibles, 30/60 liability limits, and includes UM/UIM and medical coverage. Rates are averaged for all 50 U.S. states and MX-5 Miata trim levels.

Price Range by Coverage and Risk

Price Range by Location

Living in a larger city can have significant affects on the price of auto insurance. More rural locations tend to have a lower frequency of comprehensive and collision claims than larger metro areas.

The diagram below illustrates the difference between rural and urban areas on insurance prices.

These examples highlight why it is important to get quotes for a targeted area and risk profile, instead of using price averages.

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

Rates by State, City, and Model

The chart below breaks down estimated 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 $846 every year
• The average rate for a 40-year-old driver who has $500 deductibles is $938
• Choosing low $100 deductibles for comp and collision coverage will increase the cost to $1,112
• Unlucky drivers with multiple violations and an at-fault accident could pay up to $2,020 or more
• The cost for full coverage for a teen driver can cost as much as $3,708 each year

Auto insurance rates for a Mazda MX-5 Miata can also vary considerably based on your driver profile, the model of your MX-5 Miata, and liability limits and deductibles.

Older drivers with a good driving record and high deductibles may pay as little as $900 annually on average for full coverage. Rates are highest for teen drivers, where even good drivers will have to pay at least $3,700 a year. View Rates by Age

Where you live plays a big part in determining prices for Mazda MX-5 Miata insurance prices. 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.

Choosing high deductibles can save as much as $270 every year, while buying higher liability limits will increase premiums. Changing from a 50/100 limit to a 250/500 limit will cost as much as $362 extra every year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you are likely paying $1,100 to $1,600 in extra premium per year, depending on your age. A high-risk auto insurance policy ranges as much as 43% to 131% more than average. View High Risk Driver Rates

With so much variability in rates, the best way to figure out which company is cheapest is to get quotes and see which company has the best rate. Each auto insurer uses a different rate calculation, and quoted rates can be significantly 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 Cheapest Mazda MX-5 Miata Insurance

Saving money on car insurance takes being a good driver, having good credit, not filing small claims, and qualifying for all possible discounts. Set aside time to compare rates at every policy renewal by getting quotes from direct car insurance companies like GEICO and Progressive, and also from your local independent and exclusive agents.

The following list is a recap of the data covered above.

• Policyholders who want an increased level of liability coverage will pay about $440 per year to raise limits from a minimum limit to 250/500 limits
• You may be able to save approximately $110 per year simply by quoting early and online
• Increasing deductibles can save around $275 each year
• Drivers age 16 to 20 are the costliest to insure, as much as $309 per month if they have full coverage