Mazda MX-5 Miata Insurance Rates

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

Average premium for full coverage: $938

Price estimates broken down by individual coverage:

These estimates include $500 comprehensive and collision deductibles, bodily injury liability limits of 30/60, and includes uninsured/under-insured motorist coverage. Estimates are averaged for all 50 states and for different MX-5 Miata trim levels.

Price Range from Low to High

Geographic Price Range

Living in a larger city has a large influence on the price of insurance. More rural locations have a lower frequency of physical damage claims than cities with more traffic congestion.

The price range example below illustrates how location helps determine insurance prices.

The ranges above illustrate why anyone shopping for car insurance should get quotes for a targeted area and risk profile, rather than using averaged prices.

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

More Rate Information

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

• The cheapest rate after discounts is $563
• Choosing higher $1,000 deductibles can save approximately $92 each year
• The average rate for the average middle-age driver who has $500 deductibles is $938
• Selecting more expensive low deductibles for comp and collision coverage will increase the cost to $1,112
• Drivers with serious driving violations could pay up to $2,020 or more
• The price for full coverage for a teenage driver with full coverage can cost as much as $3,708 each year

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

An older driver with a good driving record and high deductibles may only pay around $900 annually on average for full coverage. Prices are much higher for teenage drivers, where even good drivers will have to pay at least $3,700 a year. View Rates by Age

The state you live in plays a big part in determining prices for Mazda MX-5 Miata insurance rates. A good driver about age 40 could pay as low as $610 a year in states like North Carolina, Wisconsin, and Vermont, or have to pay at least $1,270 on average in Florida, New York, and Michigan.

Choosing higher comprehensive and collision insurance deductibles can save as much as $270 a year, while increasing your policy's liability limits will increase premiums. Switching from a 50/100 limit to a 250/500 limit will increase prices by as much as $362 extra every year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you are probably paying $1,100 to $1,600 in extra premium each year, depending on your age. High-risk driver insurance ranges around 43% to 131% more than the average policy. View High Risk Driver Rates

Since prices can be so different, the only way to figure out which car insurance is cheapest is to compare prices and see how they stack up. Each auto insurer calculates prices differently, and quoted prices may be quite different from one company to the next.

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 Cheap Mazda MX-5 Miata Insurance

Getting lower rates on auto insurance takes avoiding accidents and violations, having good credit, not filing small claims, and qualifying for all possible discounts. Invest time comparing rates every other policy renewal by requesting quotes from direct insurance companies like Progressive and GEICO, and also from several local insurance agents.

The list below is a brief summary of the ideas that were covered in the charts and tables above.

• Teenagers are the costliest to insure, as much as $309 a month if they have full coverage
• Drivers that tend to have accidents or serious violations pay on average $1,080 more annually for car insurance
• Increasing physical damage deductibles can save around $275 each year
• It is possible to save approximately $110 per year simply by shopping early and online