Mazda MX-5 Miata Insurance Rates

The average insurance rates for a Mazda MX-5 Miata are $968 a year including full coverage. Comprehensive insurance costs on average $176, collision costs $254, and liability is estimated at $402. Liability-only insurance costs approximately $446 a year, with high-risk driver insurance costing $2,086 or more. Teenage drivers cost the most to insure at $3,798 a year or more.

Average premium for full coverage: $968

Policy rates by type of insurance:

Full coverage includes $500 deductible amounts, 30/60 split liability limits, and includes medical 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 have significant affects on car insurance rates. Rural areas are shown to have a lower frequency of comprehensive and collision claims than densely populated cities.

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

The examples above highlight why anyone shopping for car insurance should get quotes based on a specific location and risk profile, instead of using average rates.

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

Detailed Rate Analysis

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

• The best discount rate is $578
• Choosing higher $1,000 deductibles can save around $98 every year
• The average rate for a good driver age 40 with $500 deductibles is $968
• Using more expensive low deductibles for comp and collision coverage will cost an extra $188 every year
• Unlucky drivers who are prone to accidents and violations could pay upwards of $2,086 or more
• Policy cost for full coverage for a teen driver with full coverage may cost $3,798 each year

Auto insurance rates for a Mazda MX-5 Miata also range considerably based on your risk profile, the model of your MX-5 Miata, and policy deductibles and limits.

An older driver with a good driving record and high deductibles may pay as little as $900 annually on average, or $75 per month, for full coverage. Rates are much higher for teenagers, where even good drivers will have to pay upwards of $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 $740 a year in states like Missouri, New Hampshire, and Vermont, or be forced to pay as much as $1,380 on average in Michigan, New York, and Louisiana.

Using high physical damage deductibles can save as much as $290 every year, while increasing your policy's liability limits will cost you more. Changing from a 50/100 limit to a 250/500 limit will raise rates by up to $362 extra every 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 at a minimum $1,100 to $1,600 in extra premium every year, depending on your age. High-risk driver insurance ranges as much as 42% to 126% more than a normal policy. View High Risk Driver Rates

Because rates have so much variability, the best way to figure out exactly what you will pay is to compare rates and see which company has the best rate. Each auto insurer uses a different method to calculate rates, and quoted 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 More Affordable Mazda MX-5 Miata Insurance

Finding cheaper rates on car insurance takes having a good driving record, having good credit, paying for small claims out-of-pocket, and taking advantage of discounts. Spend time shopping around at least every other year by getting quotes from direct car insurance companies like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.

The next list is a summary of the car insurance concepts touched on above.

• Higher risk drivers who have multiple accidents or major violations may pay on average $1,120 more each year to buy Mazda MX-5 Miata insurance
• You may be able to save as much as $110 per year simply by shopping early and online
• Increasing comprehensive and collision deductibles can save around $275 each year
• Policyholders who require increased levels of liability coverage will pay an extra $440 per year to raise limits from a 30/60 limit to 250/500 limits