Mazda MX-5 Miata Insurance Rates

Estimated insurance rates for a Mazda MX-5 Miata are $938 a year with full coverage. Comprehensive insurance costs around $164 a year, collision costs $236, and liability costs $402. Liability-only coverage costs as little as $446 a year, with high-risk coverage costing $2,020 or more. Teen drivers pay the most at $3,708 a year or more.

Average premium for full coverage: $938

Premium estimates for type of coverage:

Rates are based on $500 deductible amounts, liability coverage up to 30/60, and includes uninsured/under-insured motorist coverage. Rates include averaging for all U.S. states and MX-5 Miata trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Your location can make a big difference on insurance rates. Areas with sparse population are statistically proven to have lower incidents of collision claims than larger metro areas.

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

These rate differences demonstrate why it is important to compare rates for a specific zip code, instead of making a decision based on price averages.

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

More Rate Information

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

• The lowest rate with discounts is $563
• Drivers who choose higher $1,000 deductibles will pay about $846 annually
• The estimated price for a 40-year-old good driver using $500 deductibles is $938
• Choosing low $100 deductibles for comprehensive and collision insurance will cost an additional $174 annually
• Drivers with multiple violations and an at-fault accident could pay at least $2,020 or more
• An auto insurance policy that insures a 16-year-old driver can be $3,708 a year

Insurance prices for a Mazda MX-5 Miata also have a wide range based on the trim level of your MX-5 Miata, your age and driving habits, and deductibles and policy limits.

If you have a few violations or you caused an accident, you may be forking out at least $1,100 to $1,600 extra annually, depending on your age. A high-risk auto insurance policy can cost from 43% to 131% more than average. View High Risk Driver Rates

Older drivers with a clean driving record and higher comprehensive and collision deductibles may pay as low as $900 per year on average, or $75 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records can expect to pay as much as $3,700 a year. View Rates by Age

Where you choose to live makes a big difference in Mazda MX-5 Miata insurance prices. A 40-year-old driver could pay as low as $680 a year in states like New Hampshire, Ohio, and Utah, or as much as $1,270 on average in Florida, Michigan, and New York.

Choosing high deductibles could save up to $270 annually, while buying higher liability limits will increase prices. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $362 more per year. View Rates by Deductible or Liability Limit

With such a large range in prices, the best way to find out your exact price is to get quotes from multiple companies. Every company uses a different rate calculation, so the prices will be substantially different.

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 the Best Cheap Mazda MX-5 Miata Insurance

Finding better rates on insurance for a Mazda MX-5 Miata not only requires having a good driving record, but also having above-average credit, being claim-free, and insuring your home and auto with the same company. Shop around every time your policy renews by getting rate quotes from direct companies, and also from your local independent and exclusive agents.

The next list is a quick review of the information raised in the charts and tables above.

• You may be able to save up to $110 per year simply by quoting early and online
• Drivers age 20 and younger pay higher prices, possibly costing $309 per month if full coverage is included
• Increasing policy deductibles can save approximately $275 each year
• Drivers considered higher risk with a DUI or reckless driving violation may pay on average $1,080 more every year to buy Mazda MX-5 Miata insurance
• Insureds who may need increased levels of liability coverage will pay about $440 every year to go from 30/60 bodily injury limits to the 250/500 level