Mazda MX-5 Miata Insurance Rates

The average insurance prices for a Mazda MX-5 Miata are $938 every 12 months for full coverage. Comprehensive insurance costs an estimated $164 a year, collision costs $236, and liability is $402. Liability-only insurance costs around $446 a year, with high-risk driver insurance costing $2,020 or more. Teenage drivers cost the most to insure at $3,708 a year or more.

Average premium for full coverage: $938

Policy rates broken down by type of insurance:

Includes $500 comprehensive and collision deductibles, 30/60 bodily injury liability limits, and includes uninsured/under-insured motorist coverage. Prices are averaged for all states and MX-5 Miata trim levels.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city can make a big difference on insurance rates. More rural locations are shown to have more infrequent accident claims than densely populated cities.

The diagram below illustrates how geographic area affects insurance prices.

The examples above show why it is important to compare rates quotes for a targeted area and their own driving history, instead of making a decision based on average rates.

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

More Rate Information

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

• The best discount rate is $563
• Raising to $1,000 deductibles will save approximately $846 a year
• The average price for a good driver age 40 who has $500 deductibles is $938
• Using low $100 deductibles costs an extra $174 annually
• Drivers who are prone to accidents and violations could pay up to $2,020 or more
• Policy cost to insure a 16-year-old driver can cost as much as $3,708

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.

Using high physical damage deductibles can reduce rates by up to $270 annually, while buying higher liability limits 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

Older drivers with a good driving record and higher deductibles may pay as low 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. A high-risk auto insurance policy is expensive and can cost from 43% to 131% more than a normal policy. View High Risk Driver Rates

Your home state also has a big influence on Mazda MX-5 Miata insurance prices. A middle-age driver might find rates as low as $620 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $1,340 on average in New York, Louisiana, and Michigan.

Because rates have so much variability, the only way to know which auto insurance is cheapest is to get quotes from multiple companies. Every auto insurance company uses a different method to calculate rates, and quoted rates will be varied.

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 the Cheapest Mazda MX-5 Miata Insurance

Finding cheaper rates on insurance for a Mazda MX-5 Miata consists of having a decent driving record, having a good credit score, avoid buying unnecessary coverage, and qualifying for all possible discounts. Invest the time to compare rates at every other renewal by getting quotes from direct carriers, and also from several local insurance agents.

The following items are a recap of the concepts that were presented in the illustrations above.

• Drivers considered higher risk that have major violations or accidents pay on average $1,080 more annually than a driver with a clean driving record
• 16 to 18-year-old drivers are the costliest to insure, costing up to $309 each month if comprehensive and collision insurance is included
• Drivers can save approximately $110 per year simply by quoting early and online
• Increasing comprehensive and collision deductibles could save as much as $275 each year
• Drivers can save approximately $110 per year simply by quoting early and online