Mazda MX-5 Miata Insurance Rates

The average insurance prices for a Mazda MX-5 Miata are $968 every 12 months with full coverage. Comprehensive costs around $176, collision costs $254, and liability is $402. Buying just liability costs around $446 a year, with insurance for high-risk drivers costing around $2,086. Teenage drivers cost the most to insure at $3,798 a year or more.

Average premium for full coverage: $968

Policy rates for type of insurance:

Price estimates include $500 comprehensive and collision deductibles, liability limits of 30/60, and includes medical and UM/UIM coverage. Prices are averaged for all 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 can make a big difference on insurance rates. Areas with sparse population are shown to have more infrequent collision claims than densely populated cities.

The example below illustrates how rural and urban location affects auto insurance rates.

The examples above demonstrate why everyone should compare rates quotes for a specific zip code and their own driving history, instead of making a decision based on average rates.

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

More Rate Details

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

• The best discount rate is $578
• Raising to $1,000 deductibles will save about $98 annually
• The average price for a good driver age 40 using $500 deductibles is $968
• Using pricier low deductibles increases the price to $1,156
• Drivers who are prone to accidents and violations could pay at least $2,086 or more
• Policy cost to insure a 16-year-old driver for full coverage can be $3,798

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

Using high physical damage deductibles can reduce rates by up to $290 annually, whereas buying more liability protection will increase rates. Moving 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 pay as low as $900 every 12 months on average, or $75 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers can expect to pay as much as $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 may be forking out at least $1,100 to $1,600 extra every year, depending on your age. Mazda MX-5 Miata insurance for high-risk drivers is expensive and can cost from 42% to 126% more than a normal policy. View High Risk Driver Rates

Your home state also has a big influence on Mazda MX-5 Miata insurance prices. A middle-age driver might find rates as low as $700 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $1,310 on average in Florida, Michigan, and New York.

Because rates have so much variability, the best way to find out your exact price is to regularly compare rates from multiple companies. Every auto 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 Cheaper Mazda MX-5 Miata Insurance

Finding cheaper rates on insurance for a Mazda MX-5 Miata consists of having a decent driving record, having good credit, not filing small claims, and insuring your home and auto with the same company. Set aside time to shop around once a year by getting quotes from direct companies, and also from several local insurance agents.

The following items are a condensed summary of the data that was raised in the charts and tables above.

• You may be able to save up to $110 per year simply by quoting online well ahead of the renewal date
• Insureds who may need additional liability coverage will pay an extra $440 every year to raise from a 30/60 limit to a 250/500 level
• 16 to 18-year-old drivers pay higher rates, as much as $317 each month if they have full coverage
• Drivers considered higher risk with multiple at-fault accidents pay on average $1,120 more every year than a driver with a clean driving record