Mazda MX-5 Miata Insurance Rates

The average insurance prices for a Mazda MX-5 Miata are $968 every 12 months for full coverage. Comprehensive insurance costs an estimated $176, collision insurance costs $254, and liability insurance is $402. Liability-only insurance costs around $446 a year, and high-risk driver insurance costs $2,086 or more. Teens cost the most to insure at up to $3,798 a year.

Average premium for full coverage: $968

Policy rates broken down by type of insurance:

Prices are based on $500 policy deductibles, 30/60 bodily injury liability limits, and includes UM/UIM and medical coverage. Prices are averaged for all states and for all MX-5 Miata models.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city has a significant impact on insurance rates. More rural locations are shown to have more infrequent accident claims than cities with more traffic congestion. The example below illustrates the difference between rural and urban areas on insurance prices.

The examples above show why everyone should compare rates quotes for a targeted area and their own driving history, rather than relying on averaged prices.

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

Rates by State, City, and Model

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

• The cheapest rate after discounts is $578
• Raising to $1,000 deductibles will save approximately $98 a year
• The average price for a good driver age 40 who has $500 deductibles is $968
• Selecting pricier low deductibles costs an extra $188 a year
• Higher-risk drivers with serious driving violations could pay up to $2,086
• Policy cost to insure a teen driver for full coverage can cost as much as $3,798

Auto insurance rates for a Mazda MX-5 Miata also range considerably based on liability limits and deductibles, your driver profile, and the model year and trim level.

Choosing higher comprehensive and collision insurance deductibles can reduce rates by up to $290 each year, whereas buying more liability protection will increase premiums. Going from a 50/100 liability limit to a 250/500 limit will raise rates by up to $362 extra every year. View Rates by Deductible or Liability Limit

A more mature driver with a good driving record and higher deductibles could pay as little as $900 every 12 months on average, or $75 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers will have to pay at least $3,700 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you could be paying $1,100 to $1,600 in extra premium every year, depending on your age. Mazda MX-5 Miata insurance for high-risk drivers is expensive and can cost anywhere from 42% to 126% more than the average policy. View High Risk Driver Rates

Your home state also has a big influence on Mazda MX-5 Miata insurance rates. A middle-age driver might find rates as low as $640 a year in states like Iowa, Maine, and Idaho, or have to pay at least $1,380 on average in New York, Louisiana, 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 Shop for Affordable Mazda MX-5 Miata Insurance

Finding cheaper rates on Mazda MX-5 Miata insurance consists of being safe and accident-free, having a good credit score, avoid buying unnecessary coverage, and consideration of higher deductibles. Set aside time to compare rates at every other renewal by getting rate quotes from direct carriers, and also from several local insurance agents.

Below you'll find a brief review of the concepts that were covered above.

• High-risk drivers with DUI or reckless driving convictions pay on average $1,120 more annually than a low-risk driver
• Youthful drivers are the costliest to insure, costing up to $317 each month if comprehensive and collision insurance is included
• Drivers can save approximately $110 per year just by quoting online well ahead of the renewal date
• Increasing comprehensive and collision deductibles could save as much as $275 each year
• Drivers can save approximately $110 per year just by quoting online well ahead of the renewal date