Mazda MX-5 Miata Insurance Rates

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

Average premium for full coverage: $938

Policy rates by type of insurance:

Price estimates include $500 comprehensive and collision deductibles, liability limits of 30/60, and includes additional medical/uninsured motorist coverage. Prices are averaged for all states and for different MX-5 Miata trim levels.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city has a significant impact on car insurance rates. Rural locations are shown to have fewer accident claims than larger metro areas.

The price range example below illustrates how geographic area affects auto insurance prices.

The examples above show why anyone shopping for car insurance should get quotes using their specific location and their own personal driving habits, rather than relying on price averages.

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

Additional Rate Analysis

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

• The lowest rate with discounts is $563
• Choosing higher $1,000 deductibles can save $92 a year
• The estimated rate for a good driver age 40 who chooses $500 deductibles is $938
• Choosing more expensive low deductibles for comp and collision coverage costs an additional $174 a year
• High-risk insureds with multiple violations and an at-fault accident could pay around $2,020 or more
• Policy cost with full coverage for a teen driver with full coverage can cost $3,708 each year

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

An older driver with no violations or accidents and high physical damage deductibles could pay as little as $900 annually on average, or $75 per month, for full coverage. Rates are highest for teenagers, where even without any violations or accidents they should be prepared 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 could be paying anywhere from $1,100 to $1,600 additional every year, depending on your age. High-risk driver insurance ranges anywhere from 43% to 131% more than average. View High Risk Driver Rates

Choosing high deductibles can save as much as $270 each year, while increasing your policy's liability limits will push rates upward. Going from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $362 more each year. View Rates by Deductible or Liability Limit

Your home state plays a big part in determining prices for Mazda MX-5 Miata insurance rates. A good driver about age 40 could pay as low as $620 a year in states like Iowa, Maine, and Idaho, or as much as $1,340 on average in New York, Louisiana, and Michigan.

Because rates have so much variability, the only way to know who has the cheapest car insurance rates is to compare rates from as many companies as possible. Each auto insurer uses a different rate calculation, and rates will be varied between companies.

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 Cheaper Mazda MX-5 Miata Insurance

Finding cheaper rates on Mazda MX-5 Miata insurance takes having a decent driving record, having good credit, avoid buying unnecessary coverage, and qualifying for all possible discounts. Invest the time to compare rates once a year by requesting quotes from direct carriers like Progressive, GEICO, and Esurance, and also from several local insurance agents.

The following items are a condensed summary of the data that was presented in the illustrations above.

• Drivers can save around $110 per year simply by shopping early and online
• Drivers who purchase additional liability coverage will pay about $440 each year to raise limits from a 30/60 limit to higher 250/500 limits
• 16 to 18-year-old drivers are the costliest to insure, costing up to $309 each month if they have full coverage
• High-risk drivers with multiple at-fault accidents pay on average $1,080 more per year than a driver with a clean driving record