Mazda MX-5 Miata Insurance Rates

The average insurance rates for a Mazda MX-5 Miata are $938 a year with full coverage. Comprehensive costs on average $164, collision costs $236, and liability costs $402. Liability-only insurance costs as little as $446 a year, with high-risk driver insurance costing around $2,020. 16-year-old drivers cost the most to insure at $3,708 a year or more.

Average premium for full coverage: $938

Policy rates by type of insurance:

Rates are based on $500 comprehensive and collision deductibles, 30/60 liability limits, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all U.S. states and for all MX-5 Miata models.

Price Range Variability

Urban vs. Rural Price Range

Your location can have significant affects on auto insurance rates. Rural areas are shown to have lower incidents of collision claims than congested cities.

The example below illustrates the difference location can make on car insurance rates.

The examples above demonstrate why everyone should compare rates based on a specific location, instead of using rate averages.

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

Additional Charts and Tables

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

• The best full coverage rate is $563
• Drivers who choose higher $1,000 deductibles will pay around $92 annually
• The estimated price for a good driver age 40 with $500 deductibles is $938
• Buying pricier low deductibles for comprehensive and collision insurance bumps up the cost to $1,112
• Higher-risk drivers with multiple tickets or accidents could pay upwards of $2,020 or more
• Policy cost that insures a teen driver for full coverage may cost $3,708 a year

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

If you have a few points on your driving record or you caused an accident, you may be forking out at a minimum $1,100 to $1,600 in extra premium every year, depending on your age. Mazda MX-5 Miata insurance for high-risk drivers can cost as much as 43% to 131% more than the average rate. View High Risk Driver Rates

A more mature driver with a good driving record and higher comprehensive and collision deductibles may pay as little as $900 per year on average, or $75 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records will have to pay upwards of $3,700 a year. View Rates by Age

Your home state 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 at least $1,270 on average in Florida, Michigan, and New York.

Opting for high physical damage deductibles could save up to $270 every year, whereas buying more liability protection will cost you more. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $362 extra every year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the best way to find out exactly what you will pay is to regularly compare rates and see which company has the best rate. Every company utilizes a different rate formula, and quoted rates will be varied.

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 cheaper rates on car insurance not only requires avoiding accidents and violations, but also maintaining a good credit score, not filing small claims, and taking advantage of discounts. Comparison shop at every policy renewal by obtaining price quotes from direct companies, and also from several local insurance agents.

The list below is a quick review of the data touched on in this article.

• Policyholders who require higher liability limits will pay around $440 every year to go from a 30/60 limit to the 250/500 level
• You may be able to save as much as $110 per year simply by quoting online well ahead of the renewal date
• Increasing comprehensive and collision deductibles can save approximately $275 each year
• Teenagers are charged the highest rates, as much as $309 each month if the policy includes full coverage