Mazda MX-5 Miata Insurance Rates

The average insurance prices for a Mazda MX-5 Miata are $938 every 12 months including full coverage. Comprehensive costs on average $164, collision costs $236, and liability coverage costs around $402. Buying just liability costs as low as $446 a year, with insurance for high-risk drivers costing around $2,020. Teenage 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:

Full coverage includes $500 comprehensive and collision deductibles, minimum liability limits, and includes medical and uninsured motorist coverage. Prices are averaged for all 50 U.S. states and for all MX-5 Miata models.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a large influence on car insurance rates. Rural areas are shown to have more infrequent comprehensive and collision claims than densely populated cities.

The example below illustrates how geographic area affects car insurance rates.

The examples above highlight why everyone should compare prices based on a specific location and their own driving history, rather than using average rates.

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

Detailed Rate Analysis

The chart below breaks down estimated Mazda MX-5 Miata insurance rates for different risk profiles and scenarios.

• The best discount rate is $563
• Using higher $1,000 deductibles will save around $92 every year
• The average price for a good driver age 40 with $500 deductibles is $938
• Using pricier low deductibles for physical damage coverage increases the price to $1,112
• Higher-risk drivers who are prone to accidents and violations could pay upwards of $2,020 or more
• Policy cost to insure a teenage driver for full coverage may cost $3,708 or more

Insurance rates for a Mazda MX-5 Miata also range considerably based on liability limits and deductibles, your driving characteristics, and the trim level of your MX-5 Miata.

Using high physical damage deductibles could cut rates by as much as $270 a year, whereas buying more liability protection will cost you more. Changing from a 50/100 liability limit to a 250/500 limit will raise rates by up to $362 more per year. View Rates by Deductible or Liability Limit

A more mature driver with a clean driving record and higher deductibles may only pay around $900 a year, or $75 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers can expect to pay upwards of $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 are likely paying at a minimum $1,100 to $1,600 extra every year, depending on your age. Mazda MX-5 Miata insurance for high-risk drivers can be around 43% to 131% more than a normal policy. View High Risk Driver Rates

Your home state has a huge impact on Mazda MX-5 Miata insurance rates. A driver around age 40 might see rates as low as $720 a year in states like Missouri, New Hampshire, and Vermont, or be forced to pay as much as $1,340 on average in Michigan, New York, and Louisiana.

Because rates have so much variability, the best way to figure out exactly what you will pay is to regularly compare rates and see how they stack up. Each insurance company uses a different method to calculate rates, so the 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 More Affordable Mazda MX-5 Miata Insurance

Finding cheaper rates on auto insurance requires avoiding accidents and violations, having good credit, paying for small claims out-of-pocket, and bundling your home and auto policies. Invest the time to compare rates every couple of years by requesting rates from direct car insurance companies, and also from your local independent and exclusive agents.

The list below is a summary of the material that was presented in the illustrations above.

• Consumers who require higher liability limits will pay an extra $440 per year to increase from a 30/60 limit to a 250/500 level
• Teenagers pay the highest rates, with premiums being up to $309 each month if they have full coverage
• Drivers who have multiple accidents or major violations may pay on average $1,080 more each year for car insurance
• Increasing comprehensive and collision deductibles could save as much as $275 each year