Mazda MX-5 Miata Insurance Rates

U.S. average auto insurance rates for a Mazda MX-5 Miata are $938 annually for full coverage insurance. Comprehensive insurance costs an estimated $164 each year, collision costs $236, and liability coverage is $402. Liability-only insurance costs around $446 a year, with high-risk driver insurance costing $2,020 or more. Teen drivers pay the highest rates at $3,708 a year or more.

Average premium for full coverage: $938

Price estimates broken down by individual coverage:

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

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city has a large influence on the price of insurance. More rural locations have fewer physical damage claims than larger metro areas.

The graphic below illustrates how where you live affects insurance prices.

The ranges above illustrate why all drivers should compare rates quotes for a targeted area and their own personal driving habits, rather than using price averages.

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

Additional Rate Analysis

The chart below illustrates estimated Mazda MX-5 Miata insurance rates for other coverage scenarios.

• The lowest rate with discounts is $563
• Raising to $1,000 deductibles will save approximately $92 each year
• The estimated rate for the average middle-age driver who has $500 deductibles is $938
• Choosing low deductibles costs an additional $174 each year
• Unlucky drivers with multiple violations and an at-fault accident could pay up to $2,020 or more
• The price with full coverage for a teenage driver can cost as much as $3,708

Car insurance prices for a Mazda MX-5 Miata are also quite variable based on the trim level and model year, your risk profile, and liability limits and deductibles.

More mature drivers with no driving violations and high physical damage deductibles may only pay around $900 every 12 months on average for full coverage. Prices are highest for teenage drivers, where even without any violations or accidents they will be charged at least $3,700 a year. View Rates by Age

If you have some driving violations or you caused a few accidents, you are probably paying $1,100 to $1,600 extra each year, depending on your age. Insurance for high-risk drivers is expensive and can cost around 43% to 131% more than average. View High Risk Driver Rates

Choosing high deductibles can reduce prices by up to $270 a year, whereas increasing liability limits will increase premiums. Switching from a 50/100 bodily injury limit to a 250/500 limit will increase prices by as much as $362 extra every 12 months. View Rates by Deductible or Liability Limit

The state you live in also has a big influence on Mazda MX-5 Miata insurance rates. A middle-age driver might find prices as low as $610 a year in states like North Carolina, Wisconsin, and Vermont, or as much as $1,270 on average in Florida, New York, and Michigan.

Since prices can be so different, the only way to figure out which car insurance is cheapest is to do a rate comparison and see how they stack up. Every auto insurance company uses a different rate calculation, so rate quotes may be quite different between companies.

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 Buy the Right Mazda MX-5 Miata Insurance

Getting lower rates on auto insurance consists of being a good driver, having a good credit score, not filing small claims, and not having any coverage lapses. Take the time to comparison shop every couple of years by requesting quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from your local independent and exclusive agents.

The following list is a quick rundown of the material that was touched on in the above illustrations.

• Consumers who want an increased level of liability coverage will pay about $440 annually to raise from a low limit to higher 250/500 limits
• Drivers age 16 to 20 have the highest car insurance prices, as much as $309 a month if comprehensive and collision insurance is included
• Drivers with reckless driving or DUI convictions may pay on average $1,080 more annually than a safer driver
• Increasing physical damage deductibles could save up to $275 each year