Mazda MX-5 Miata Insurance Rates

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

Average premium for full coverage: $938

Policy rates by type of insurance:

Rate estimates include $500 physical damage insurance deductibles, minimum liability limits, and includes UM/UIM and medical 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

Choosing to live in a large city has a large influence on car insurance prices. Rural locations are shown to have a lower frequency of comprehensive and collision claims than cities with more traffic congestion.

The example below illustrates how where you live affects auto insurance prices.

The examples above highlight why everyone should compare rates quotes using their specific location and risk profile, rather than using averaged prices.

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

Rates by State, City, and Model

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

• The cheapest rate after discounts is $563
• Raising to $1,000 deductibles will save $92 every year
• The average rate for a good driver age 40 who chooses $500 deductibles is $938
• Selecting pricier low deductibles will increase the cost to $1,112
• Unlucky drivers with serious driving violations could pay around $2,020 or more
• Policy cost for full coverage for a teenage driver for full coverage can cost $3,708

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

A more mature driver with no violations or accidents and high deductibles may only pay around $900 every 12 months on average, or $75 per month, for full coverage. Rates are much higher for teenagers, where even good drivers should be prepared to pay in the ballpark of $3,700 a year. View Rates by Age

Your home state also has a big influence on Mazda MX-5 Miata insurance rates. A middle-age driver might find rates as low as $720 a year in states like Vermont, New Hampshire, and Missouri, or have to pay at least $1,340 on average in Louisiana, New York, and Michigan.

Choosing higher comprehensive and collision insurance deductibles can reduce rates by up to $270 a year, whereas buying more liability protection will push rates upward. Changing from a 50/100 limit to a 250/500 limit will raise rates by up to $362 more each year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you are likely paying anywhere from $1,100 to $1,600 additional every year, depending on your age. Mazda MX-5 Miata insurance for high-risk drivers is expensive and can cost around 43% to 131% more than the average policy. View High Risk Driver Rates

Because rates have so much variability, the best way to figure out who has the best auto insurance rates is to regularly compare rates and see how they stack up. Every auto insurance company calculates rates differently, and rates will be varied from one company to the next.

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 Best Mazda MX-5 Miata Insurance

Finding cheaper rates on auto insurance consists of being a low-risk driver, having a good credit history, paying for small claims out-of-pocket, and qualifying for all possible discounts. Take the time to comparison shop every couple of years by getting rate quotes from direct car insurance companies like GEICO, Progressive, and Esurance, and also from insurance agencies where you live.

The items below are a brief recap of the material that was touched on in the above illustrations.

• Consumers who purchase more liability coverage will pay approximately $440 per year to raise from a 30/60 limit to 250/500 limits
• Teen drivers are the costliest to insure, with premiums being up to $309 each month including comprehensive and collision insurance
• Drivers who tend to receive serious violations could be forced to 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