Mazda MX-5 Miata Insurance Rates

Estimated insurance rates for a Mazda MX-5 Miata are $938 a year for full coverage. Comprehensive costs on average $164 a year, collision insurance costs $236, and liability coverage costs around $402. Liability-only insurance costs as low as $446 a year, and high-risk driver insurance costs around $2,020. Teen drivers pay the most at up to $3,708 a year.

Average premium for full coverage: $938

Premium estimates by type of coverage:

Estimates include $500 comprehensive and collision deductibles, 30/60 bodily injury liability limits, and includes medical/PIP and uninsured motorist coverage. Rates include averaging for all states and MX-5 Miata trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Where you live has a large influence on car insurance rates. Rural areas are statistically proven to have lower incidents of accident claims than larger metro areas. The diagram below illustrates the effect of geographic area on car insurance rates.

These rate differences show why it is important to compare prices based on a specific location, rather than using price averages.

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

Additional Charts and Tables

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

• The lowest rate with discounts is $563
• Using higher $1,000 deductibles will save around $846 a year
• The estimated price for a 40-year-old good driver with $500 deductibles is $938
• Choosing low $100 deductibles for physical damage coverage bumps up the cost to $1,112
• Higher-risk drivers with multiple violations and an at-fault accident could pay upwards of $2,020
• An auto insurance policy that insures a teenage driver may cost $3,708 or more

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

If you have a few violations or you caused an accident, you could be paying at a minimum $1,100 to $1,600 additional annually, depending on your age. A high-risk auto insurance policy can be around 43% to 131% more than average. View High Risk Driver Rates

Older drivers with no violations or accidents and higher comprehensive and collision deductibles may only pay around $900 a year, or $75 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records should be prepared to pay upwards of $3,700 a year. View Rates by Age

Where you choose to live has a huge impact on Mazda MX-5 Miata insurance rates. A driver around age 40 might see prices as low as $620 a year in states like Idaho, Maine, and Iowa, or as much as $1,340 on average in Michigan, Louisiana, and New York.

Choosing high deductibles could cut prices by as much as $270 a year, while buying higher liability limits will cost you more. Going from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $362 more each year. View Rates by Deductible or Liability Limit

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 Low Cost Mazda MX-5 Miata Insurance

Finding better rates on auto insurance requires having a decent driving record, having a good credit score, not filing small claims, and dropping full coverage on older vehicles. Shop around at every other renewal by getting rate quotes from direct carriers, and also from local exclusive and independent agents.

The following items are a review of the concepts that were covered in the above illustrations.

• Drivers who have several accidents or serious violations may pay on average $1,080 more each year than a driver with a clean driving record
• 16 to 18-year-old drivers pay higher prices, as much as $309 per month if comprehensive and collision insurance is included
• Drivers can save as much as $110 per year just by quoting early and online
• Increasing policy deductibles can save approximately $275 each year
• Drivers can save as much as $110 per year just by quoting early and online