Mazda MX-5 Miata Insurance Rates

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

Average premium for full coverage: $938

Policy rates by type of insurance:

Price estimates include $500 physical damage deductibles, minimum liability limits, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all 50 states and for different MX-5 Miata trim levels.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city can have significant affects on insurance rates. Rural areas are shown to have a lower frequency of physical damage claims than larger metro areas. The price range example below illustrates how location helps determine car insurance rates.

The examples above illustrate why anyone shopping for car insurance should get quotes based on a specific location and risk profile, instead of using price averages.

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

Additional Charts and Tables

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

• The lowest rate with discounts is $563
• Choosing higher $1,000 deductibles can save around $92 each year
• The average rate for a good driver age 40 with $500 deductibles is $938
• Choosing more expensive low deductibles for comp and collision coverage will increase the cost to $1,112
• Unlucky drivers with multiple violations and an at-fault accident could pay upwards of $2,020
• Policy cost for full coverage for a teen driver with full coverage may cost $3,708 each year

Auto insurance rates for a Mazda MX-5 Miata also range considerably based on your risk profile, the model year and trim level, and policy deductibles and limits.

An older driver with a good driving record and high deductibles may pay as little as $900 annually on average, or $75 per month, for full coverage. Rates are highest for teenagers, where even good drivers will have to pay upwards of $3,700 a year. View Rates by Age

Your home state 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 $610 a year in states like Vermont, Wisconsin, and North Carolina, or as much as $1,270 on average in Michigan, New York, and Florida.

Choosing high deductibles can save as much as $270 every year, while increasing your policy's liability limits will cost you more. Switching from a 50/100 limit to a 250/500 limit will raise rates by up to $362 extra every year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you are probably paying at a minimum $1,100 to $1,600 in extra premium every year, depending on your age. High-risk driver insurance ranges as much as 43% to 131% more than average. View High Risk Driver Rates

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 Cheaper Mazda MX-5 Miata Insurance

Finding cheaper rates on car insurance takes being a safe and courteous driver, having good credit, being claim-free, and deciding if full coverage is necessary. Invest time comparing rates every couple of years by getting quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from local independent and exclusive agents.

Below is a condensed summary of the material that was covered in the charts and tables above.

• Policyholders who require higher levels of liability will pay about $440 annually to raise limits from a 30/60 limit to 250/500 limits
• Teenage drivers are charged the highest rates, possibly costing $309 each month if they have full coverage
• Higher risk drivers with multiple at-fault accidents pay an average of $1,080 more each year for auto insurance
• Increasing comprehensive and collision deductibles can save around $275 each year