Mazda MX-5 Miata Insurance Rates

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

Average premium for full coverage: $938

Premium estimates by type of coverage:

Full coverage includes $500 comprehensive and collision deductibles, liability limits of 30/60, and includes UM/UIM and medical coverage. Rates include averaging for all 50 U.S. states and for all MX-5 Miata models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city has a significant impact on car insurance rates. Rural areas are statistically proven to have fewer comprehensive and collision claims than cities with more traffic congestion.

The example below illustrates the effect of geographic area on car insurance rates.

These rate differences highlight why everyone should get quotes based on a specific location and their own personal driving habits, rather than relying on averaged prices.

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

Rates by State, City, and Model

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

• The cheapest rate after discounts is $563
• Choosing higher $1,000 deductibles can save around $92 every year
• The estimated rate for a 40-year-old good driver with $500 deductibles is $938
• Selecting pricier low deductibles for comp and collision coverage will cost $1,112
• High-risk insureds with serious driving violations could pay upwards of $2,020 or more
• An auto insurance policy with full coverage for a teen driver for full coverage may cost $3,708 each year

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

A more mature driver with no violations or accidents and high physical damage deductibles could pay as little as $900 annually on average, or $75 per month, for full coverage. Prices are much higher for drivers in their teens, where even without any violations or accidents they should be prepared to pay upwards of $3,700 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you are likely paying at a minimum $1,100 to $1,600 additional annually, depending on your age. Mazda MX-5 Miata insurance for high-risk drivers ranges anywhere from 43% to 131% more than the average policy. View High Risk Driver Rates

Choosing higher comprehensive and collision insurance deductibles can save as much as $270 each year, whereas buying more liability protection will cost you more. Changing from a 50/100 bodily injury limit to a 250/500 limit will cost up to $362 more each year. View Rates by Deductible or Liability Limit

Where you choose to live 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 $720 a year in states like Missouri, New Hampshire, and Vermont, or have to pay at least $1,340 on average in Michigan, New York, and Louisiana.

With such a large range in prices, the best way to figure out exactly what you will pay is to regularly compare prices from as many companies as possible. Each auto insurer calculates prices differently, and prices will be substantially different between companies.

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 Buy More Affordable Mazda MX-5 Miata Insurance

Finding better rates on Mazda MX-5 Miata insurance takes having a decent driving record, having good credit, refrain from filing small claims, and insuring your home and auto with the same company. Take the time to compare rates once a year by getting quotes from direct car insurance companies, and also from several local insurance agents.

The following items are a summary of the data that was covered in the above illustrations.

• You may be able to save as much as $110 per year simply by quoting online well ahead of the renewal date
• Drivers who require additional liability coverage will pay approximately $440 per year to raise limits from 30/60 bodily injury limits to higher 250/500 limits
• 16 to 18-year-old drivers pay higher prices, with the cost nearing $309 per month if they have full coverage
• High-risk drivers who have multiple accidents or major violations pay on average $1,080 more each year than a driver with a clean driving record