Mazda MX-5 Miata Insurance Rates

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

Average premium for full coverage: $938

Policy rates for type of insurance:

Price estimates include $500 physical damage deductibles, 30/60 liability limits, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all 50 U.S. states and for different MX-5 Miata trim levels.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city can make a big difference on the price of insurance. Areas with sparse population are shown to have lower incidents of comprehensive and collision claims than cities with more traffic congestion.

The price range example below illustrates how location impacts auto insurance rates.

The examples above highlight why anyone shopping for car insurance should get quotes for a specific zip code, instead of making a decision based on averaged prices.

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

Additional Charts and Tables

The chart below breaks down estimated Mazda MX-5 Miata insurance rates for additional coverage choices and driver risks.

• The cheapest rate after discounts is $563
• Choosing higher $1,000 deductibles can save about $92 every year
• The estimated price for a good driver age 40 using $500 deductibles is $938
• Selecting more expensive low deductibles for comp and collision coverage will cost an additional $174 annually
• Higher-risk drivers with serious driving violations could pay at least $2,020 or more
• Policy cost that insures a 16-year-old driver with full coverage can be $3,708 each 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 age, and deductibles and policy limits.

If you have a few points on your driving record or you caused an accident, you are likely paying at least $1,100 to $1,600 in extra premium every year, depending on your age. High-risk driver insurance ranges from 43% to 131% more than the average policy. View High Risk Driver Rates

An older driver with a good driving record and higher comprehensive and collision deductibles may pay as low as $900 annually on average, or $75 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records will have to pay as much as $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 $720 a year in states like Missouri, New Hampshire, and Vermont, or have to pay at least $1,340 on average in Michigan, New York, and Louisiana.

Choosing higher comprehensive and collision insurance deductibles can save as much as $270 annually, while increasing your policy's liability limits will increase rates. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $362 extra every year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the best way to figure out your exact price is to compare rates from multiple companies. Each auto insurer calculates rates differently, 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 Find Cheaper Mazda MX-5 Miata Insurance

Finding cheaper rates on insurance for a Mazda MX-5 Miata takes being a safe and courteous driver, maintaining a good credit score, paying for small claims out-of-pocket, and maximizing policy discounts. Compare rates at every policy renewal by obtaining price quotes from direct car insurance companies, and also from local insurance agencies.

Below is a condensed summary of the data touched on above.

• Insureds who may need higher levels of liability will pay approximately $440 per year to raise limits from a 30/60 limit to the 250/500 level
• You may be able to save up to $110 per year simply by shopping early and online
• Increasing comprehensive and collision deductibles can save approximately $275 each year
• Teenage drivers are expensive to insure, with premiums being up to $309 each month if the policy includes full coverage