Mazda MX-5 Miata Insurance Rates

The average insurance rates for a Mazda MX-5 Miata are $938 a year with full coverage. Comprehensive costs approximately $164, collision insurance costs $236, and liability is estimated at $402. Buying just liability costs approximately $446 a year, and insurance for high-risk drivers costs around $2,020. 16-year-old drivers cost the most to insure at up to $3,708 a year.

Average premium for full coverage: $938

Policy rates by type of insurance:

Prices include $500 physical damage insurance deductibles, split liability limits of 30/60, and includes additional medical/uninsured motorist coverage. Prices are averaged for all U.S. states and for all MX-5 Miata models.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city can make a big difference on the price of insurance. Rural locations are shown to have a lower frequency of collision claims than congested cities. The example below illustrates the effect of geographic area on auto insurance prices.

The examples above demonstrate why everyone should get quotes using their specific location and risk profile, instead of making a decision based on rate averages.

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

Additional Rate Analysis

The chart below details average Mazda MX-5 Miata insurance rates for additional coverage and risk scenarios.

• The best full coverage rate is $563
• Choosing higher $1,000 deductibles can save $92 annually
• The average rate for a good driver age 40 who chooses $500 deductibles is $938
• Buying pricier low deductibles for comp and collision coverage will increase the cost to $1,112
• Higher-risk drivers with multiple tickets or accidents could pay around $2,020
• Policy cost for full coverage for a 16-year-old driver for full coverage can cost $3,708 each year

Insurance rates for a Mazda MX-5 Miata also range considerably based on your risk profile, the trim level and model year, and physical damage deductibles and liability limits.

A more mature driver with a clean driving record and high deductibles may pay as low as $900 annually on average, or $75 per month, for full coverage. Rates are highest for teenagers, where even good drivers can expect to pay in the ballpark of $3,700 a year. View Rates by Age

Your home state 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 $680 a year in states like Utah, Ohio, and New Hampshire, or at least $1,270 on average in New York, Michigan, and Florida.

Opting for high physical damage deductibles can save as much as $270 annually, whereas buying more liability protection will push rates upward. Moving from a 50/100 limit to a 250/500 limit will raise rates by up to $362 more per year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you may be forking out anywhere from $1,100 to $1,600 extra every year, depending on your age. Mazda MX-5 Miata insurance for high-risk drivers ranges from 43% to 131% more than the average rate. View High Risk Driver Rates

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 Right Mazda MX-5 Miata Insurance

Finding cheaper rates on insurance for a Mazda MX-5 Miata takes being a low-risk driver, maintaining good credit, not filing small claims, and possibly raising deductibles. Take the time to compare rates at least once a year by requesting quotes from direct companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.

The items below are a quick rundown of the primary concepts that were covered in the above illustrations.

• You may be able to save around $110 per year just by quoting online well ahead of the renewal date
• Drivers considered higher risk with reckless driving or DUI convictions pay on average $1,080 more per year to insure their MX-5 Miata
• Increasing comprehensive and collision deductibles can save around $275 each year
• Teen drivers are expensive to insure, as much as $309 each month for full coverage