Mazda MX-5 Miata Insurance Rates

The average auto insurance rates for a Mazda MX-5 Miata are $938 annually with full coverage. Comprehensive insurance costs approximately $164, collision insurance costs $236, and liability costs $402. Liability-only insurance costs as little as $446 a year, and high-risk driver insurance costs $2,020 or more. Teens cost the most to insure at up to $3,708 a year.

Average premium for full coverage: $938

Policy rates by type of insurance:

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

Price Range Variability

Urban vs. Rural Price Range

Your location can have significant affects on the price of insurance. Rural locations are shown to have fewer collision claims than cities with more traffic congestion. The example below illustrates the difference between rural and urban areas on auto insurance prices.

The examples above demonstrate why everyone should compare rates using their specific location and their own personal driving habits, instead of using averaged prices.

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

Rate Comparisons

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

• The cheapest rate after discounts is $563
• Drivers who choose higher $1,000 deductibles will pay $92 annually
• The estimated rate for a good driver age 40 who chooses $500 deductibles is $938
• Selecting pricier low deductibles for comprehensive and collision insurance costs an additional $174 every year
• Higher-risk drivers with serious driving violations could pay around $2,020
• Policy cost with full coverage for a teen driver for full coverage can cost $3,708 a year

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

A more mature driver with a good driving record and high physical damage deductibles may pay as little as $900 per year on average, or $75 per month, for full coverage. Rates are much higher for teenagers, where even without any violations or accidents they will have to pay in the ballpark of $3,700 a year. View Rates by Age

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

Choosing higher comprehensive and collision insurance deductibles could save up to $270 every year, whereas buying more liability protection will push rates upward. Moving from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $362 extra every year. View Rates by Deductible or Liability Limit

Your home state makes a big difference in Mazda MX-5 Miata insurance prices. A 40-year-old driver could pay as low as $680 a year in states like Utah, Ohio, and New Hampshire, or have to pay at least $1,270 on average in New York, Michigan, and Florida.

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 Buy the Cheapest Mazda MX-5 Miata Insurance

Finding cheaper rates on car insurance not only requires being a low-risk driver, but also having above-average credit, not filing small claims, and possibly higher deductibles. Set aside time to compare rates at least once a year by getting rate quotes from direct companies like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.

The items below are a recap of the primary concepts that were covered above.

• You may be able to save around $110 per year just by quoting online well ahead of the renewal date
• Higher risk drivers that have major violations or accidents may pay on average $1,080 more per year to insure their MX-5 Miata
• Increasing comprehensive and collision deductibles could save up to $275 each year
• Teen drivers have the highest car insurance rates, as much as $309 each month if full coverage is included