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. Buying just liability costs approximately $446 a year, with insurance for high-risk drivers costing $2,020 or more. Teenage drivers cost the most to insure at $3,708 a year or more.

Average premium for full coverage: $938

Policy rates for type of insurance:

These estimates include $500 policy deductibles, 30/60 bodily injury liability limits, and includes uninsured/under-insured 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

Living in a larger city can have significant affects on the price of insurance. Areas with sparse population are shown to have lower incidents of comprehensive and collision claims than densely populated cities.

The example below illustrates how location impacts auto insurance rates.

The examples above highlight why everyone should get quotes for a specific zip code, instead of using average rates.

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

More Rate Information

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

• The best discount rate 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
• Using pricier low deductibles for comp and collision coverage will cost an additional $174 every year
• Unlucky drivers who are prone to accidents and violations could pay at least $2,020 or more
• Policy cost that insures a teen driver for full coverage can be $3,708 each year

Insurance rates for a Mazda MX-5 Miata also range considerably based on the model of your MX-5 Miata, 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 extra every year, depending on your age. Mazda MX-5 Miata insurance for high-risk drivers ranges as much as 43% to 131% more than a normal policy. View High Risk Driver Rates

A more mature driver with a clean driving record and higher comprehensive and collision deductibles may pay as little 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 can expect 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 be forced to pay as much as $1,340 on average in Michigan, New York, and Louisiana.

Using high physical damage deductibles can save as much as $270 every year, whereas buying more liability protection will increase rates. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $362 more per 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 regularly compare rates and see which company has the best rate. Each auto insurer 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 Find Cheap Mazda MX-5 Miata Insurance

Finding cheaper rates on car insurance takes being safe and accident-free, having above-average credit, paying for small claims out-of-pocket, and insuring your home and auto with the same company. Compare prices at every other renewal by getting quotes from direct car insurance companies, and also from local insurance agencies.

Below you'll find a brief summary of the concepts that were touched on above.

• Higher risk drivers that tend to have accidents or serious violations may have to pay on average $1,080 more every year than a low-risk driver
• Youthful drivers pay higher rates, with premiums being up to $309 each month if full coverage is included
• You may be able to save up to $110 per year simply by quoting online well ahead of the renewal date
• Increasing comprehensive and collision deductibles can save approximately $275 each year
• You may be able to save up to $110 per year simply by quoting online well ahead of the renewal date