Mazda MX-5 Miata Insurance Rates

U.S. average insurance rates for a Mazda MX-5 Miata are $982 a year for full coverage insurance. Comprehensive insurance costs approximately $180 each year, collision insurance costs $272, and liability costs $394. Buying just liability costs as little as $440 a year, and insurance for high-risk drivers costs $2,118 or more. Teenage drivers pay the highest rates at up to $3,842 a year.

Average premium for full coverage: $982

Price estimates by individual coverage:

Prices are based on $500 deductibles, minimum liability limits, and includes medical/PIP and uninsured motorist coverage. Estimates are averaged for all 50 states and MX-5 Miata models.

Price Range from Low to High

Geographic Price Range

Your location can make a big difference on the price of auto insurance. Rural locations have a lower frequency of physical damage claims than densely populated cities. The graphic below illustrates how location helps determine auto insurance prices.

The ranges above illustrate why all drivers should compare rates using their specific location and risk profile, instead of making a decision based on average rates.

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

Additional Charts and Tables

The chart below illustrates average Mazda MX-5 Miata insurance rates for additional coverage and risk scenarios.

• The best discount rate is $585
• Drivers who choose higher $1,000 deductibles will pay $102 each year
• The average rate for the average middle-age driver who chooses $500 deductibles is $982
• Using low deductibles for comprehensive and collision insurance will cost an extra $200 annually
• Drivers who are prone to accidents and violations could pay around $2,118
• The price for full coverage for a 16-year-old driver can cost $3,842 a year

Insurance prices for a Mazda MX-5 Miata are also quite variable based on your driving record, the model year and trim level, and physical damage deductibles and liability limits.

More mature drivers with no violations or accidents and high deductibles may pay as low as $900 per year on average for full coverage. Prices are much higher for teenage drivers, where even good drivers should be prepared to pay in the ballpark of $3,800 a year. View Rates by Age

The state you live in makes a big difference in Mazda MX-5 Miata insurance prices. A 40-year-old driver could pay as low as $640 a year in states like North Carolina, Wisconsin, and Vermont, or be forced to pay as much as $1,330 on average in Florida, New York, and Michigan.

Using high physical damage deductibles could save up to $310 annually, whereas increasing liability limits will push prices upward. Switching from a 50/100 limit to a 250/500 limit will increase prices by as much as $354 more each year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you are probably paying anywhere from $1,200 to $1,600 additional each year, depending on your age. Insurance for high-risk drivers can cost from 42% to 136% more than a normal policy. View High Risk Driver Rates

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 Affordable Mazda MX-5 Miata Insurance

Getting lower rates on insurance for a Mazda MX-5 Miata not only requires not taking risks behind the wheel, but also having a good credit history, not filing small claims, and consideration of higher deductibles. Invest time comparing rates every couple of years by obtaining price quotes from direct insurance companies like Progressive and GEICO, and also from your local independent and exclusive agents.

The following is a brief review of the material that was covered in the charts and tables above.

• Insureds who purchase higher liability limits will pay an extra $430 annually to go from a low limit to 250/500 limits
• Teens are the costliest to insure, as much as $320 a month including comprehensive and collision insurance
• Drivers considered higher risk with DUI or reckless driving convictions may pay on average $1,140 more per year for MX-5 Miata insurance
• Increasing physical damage deductibles can save around $300 each year