Mazda MX-5 Miata Insurance Rates

Average insurance prices for a Mazda MX-5 Miata are $938 every 12 months including full coverage. Comprehensive costs an estimated $164 each year, collision costs $236, and liability is estimated at $402. A policy with just liability insurance costs approximately $446 a year, with coverage for high-risk drivers costing around $2,020. Teenage drivers receive the highest rates at $3,708 a year or more.

Average premium for full coverage: $938

Rate estimates broken down by individual coverage type:

Price estimates include $500 deductible amounts, split liability limits of 30/60, and includes both medical and UM/UIM coverage. Rates are averaged for all 50 U.S. states and MX-5 Miata models.

Price Range by Coverage and Risk

Price Range by Location

Living in a larger city can have significant affects on the price of auto insurance. More rural locations tend to have more infrequent comprehensive and collision claims than densely populated cities.

The graphic below illustrates the difference between rural and urban areas on insurance prices.

These examples highlight why all drivers should get quotes for a targeted area and their own driving history, instead of using average rates.

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

Rate Comparisons

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

• The best discount rate is $563
• Choosing higher $1,000 deductibles can save approximately $92 every year
• The average price for a 40-year-old driver who has $500 deductibles is $938
• Using low deductibles for comp and collision coverage increases the price to $1,112
• Unlucky drivers who are prone to accidents and violations could pay up to $2,020 or more
• The cost to insure a teen driver can cost as much as $3,708 each year

Insurance rates for a Mazda MX-5 Miata can also vary considerably based on policy deductibles and limits, your driving characteristics, and the model year and trim level.

Using high physical damage deductibles can save as much as $270 every year, whereas increasing liability limits will increase premiums. Changing from a 50/100 liability limit to a 250/500 limit will cost as much as $362 more each year. View Rates by Deductible or Liability Limit

More mature drivers with no violations or accidents and higher deductibles may pay as little as $900 annually on average for full coverage. Rates are much higher for teen drivers, since even excellent drivers should be prepared to pay at least $3,700 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you are likely paying $1,100 to $1,600 additional per year, depending on your age. Insurance for high-risk drivers ranges as much as 43% to 131% more than a normal policy. View High Risk Driver Rates

Where you live 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 Vermont, New Hampshire, and Missouri, or be forced to pay as much as $1,340 on average in Louisiana, New York, and Michigan.

With so much variability in rates, the best way to figure out which company is cheapest is to do a rate comparison and see which company has the best rate. Each auto insurer uses a different method to calculate rates, and rates can be significantly 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 Shop for Cheaper Mazda MX-5 Miata Insurance

Saving money on car insurance takes having a good driving record, having above-average credit, not filing small claims, and maximizing policy discounts. Set aside time to compare rates at least once a year by getting quotes from direct car insurance companies like GEICO, Progressive, and Esurance, and also from local insurance agencies.

The next list is a condensed summary of the primary concepts that were covered above.

• You may be able to save approximately $110 per year simply by quoting online in advance
• Higher risk drivers with multiple at-fault accidents may have to pay on average $1,080 more annually to buy Mazda MX-5 Miata insurance
• Increasing deductibles could save as much as $275 each year
• Drivers age 20 and younger are expensive to insure, as much as $309 per month if full coverage is included