Mazda MX-5 Miata Insurance Rates

The average insurance prices for a Mazda MX-5 Miata are $938 every 12 months for full coverage. Comprehensive insurance costs on average $164, collision insurance costs $236, and liability costs around $402. Liability-only coverage costs as low as $446 a year, and high-risk coverage costs $2,020 or more. 16-year-old drivers cost the most to insure at up to $3,708 a year.

Average premium for full coverage: $938

Policy rates by type of insurance:

Price estimates include $500 physical damage insurance deductibles, 30/60 split liability limits, and includes both medical and uninsured motorist insurance. Prices are averaged for all states and for all MX-5 Miata models.

Price Range Variability

Urban vs. Rural Price Range

Where you live can have significant affects on car insurance rates. Rural areas are shown to have more infrequent accident claims than congested cities. The example below illustrates how location helps determine car insurance rates.

The examples above show why everyone should compare prices based on a specific location and their own driving history, instead of using rate averages.

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

Additional Rate Details

The chart below shows average Mazda MX-5 Miata insurance rates for different risk profiles and scenarios.

• The best full coverage rate is $563
• Using higher $1,000 deductibles will save around $92 a year
• The average price for a good driver age 40 with $500 deductibles is $938
• Buying pricier low deductibles for physical damage coverage costs an extra $174 every year
• Drivers with multiple tickets or accidents could pay upwards of $2,020
• Policy cost to insure a teen 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 driver profile, and the trim level of your MX-5 Miata.

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

A more mature driver with no violations or accidents and higher deductibles may pay as little as $900 a year, or $75 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers should be prepared 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 could be paying at a minimum $1,100 to $1,600 additional every year, depending on your age. Mazda MX-5 Miata insurance for high-risk drivers can be as much as 43% to 131% more than the average rate. View High Risk Driver Rates

Your home state has a huge impact on Mazda MX-5 Miata insurance prices. A driver around age 40 might see rates as low as $620 a year in states like Idaho, Maine, and Iowa, or at least $1,340 on average in Michigan, Louisiana, and New York.

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 Cheaper Mazda MX-5 Miata Insurance

Finding cheaper rates on car insurance requires being a low-risk driver, having above-average credit, avoid buying unnecessary coverage, and dropping full coverage on older vehicles. Invest time comparing rates at least every other year by getting quotes from direct carriers, and also from local independent and exclusive agents.

The items below are a condensed summary of the car insurance concepts covered in the charts and tables above.

• Higher risk drivers with multiple at-fault accidents pay an average of $1,080 more each year to insure their MX-5 Miata
• Drivers can save as much as $110 per year just by quoting online well ahead of the renewal date
• Increasing comprehensive and collision deductibles could save as much as $275 each year
• Policyholders who require more liability coverage will pay around $440 each year to increase from a 30/60 limit to a 250/500 level