Mazda MX-5 Miata Insurance Rates

Average insurance rates for a Mazda MX-5 Miata are $938 a year for full coverage. Comprehensive costs an estimated $164 each year, collision costs $236, and liability insurance costs around $402. Buying just liability costs as low as $446 a year, with insurance for high-risk drivers costing around $2,020. Teens receive the highest rates at $3,708 a year or more.

Average premium for full coverage: $938

Rate estimates broken down by individual coverage type:

Includes $500 deductibles, 30/60 bodily injury liability limits, and includes both medical and uninsured motorist insurance. Rates are averaged for all states and MX-5 Miata models.

Price Range by Coverage and Risk

Price Range by Location

Where you live has a significant impact on insurance rates. More rural locations tend to have lower incidents of accident claims than cities with more traffic congestion.

The graphic below illustrates how rural and urban location affects insurance prices.

These examples show why all drivers should compare prices for a targeted area, rather than relying on averaged prices.

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

Additional Rate Details

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

• The cheapest rate after discounts is $563
• Using higher $1,000 deductibles will save approximately $92 a year
• The estimated price for a 40-year-old driver who has $500 deductibles is $938
• Selecting low deductibles for physical damage coverage bumps up the cost to $1,112
• Drivers with serious driving violations could pay up to $2,020 or more
• The cost that insures a teen driver can cost as much as $3,708 or more

Auto insurance rates for a Mazda MX-5 Miata can also vary considerably based on the trim level and model year, how you drive, and liability limits and deductibles.

If you like to drive fast or you caused an accident, you could be paying $1,100 to $1,600 in extra premium per year, depending on your age. Insurance for high-risk drivers can be anywhere from 43% to 131% more than the average policy. View High Risk Driver Rates

More mature drivers with a good driving record and higher comprehensive and collision deductibles could pay as little as $900 a year for full coverage. Rates are much higher for teen drivers, since even teens with perfect driving records will have to pay at least $3,700 a year. View Rates by Age

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

Choosing higher comprehensive and collision insurance deductibles could cut rates by as much as $270 each year, whereas increasing liability limits will increase premiums. Going from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $362 extra every year. View Rates by Deductible or Liability Limit

With so much variability in rates, the only way to know which company is cheapest is to do a rate comparison from as many companies as possible. Each insurance company calculates rates differently, and quoted rates can be significantly different.

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 Cheapest Mazda MX-5 Miata Insurance

Saving money on Mazda MX-5 Miata insurance requires not taking risks behind the wheel, maintaining a good credit score, eliminating unneeded coverage, and qualifying for all possible discounts. Compare rates at every other renewal by obtaining price quotes from direct carriers like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.

The following is a recap of the concepts that were raised in the charts and tables above.

• High-risk drivers that have major violations or accidents may pay on average $1,080 more annually for MX-5 Miata insurance
• Teens are the costliest to insure, costing as high as $309 per month if the policy includes full coverage
• Drivers can save approximately $110 per year simply by quoting online in advance
• Increasing deductibles can save approximately $275 each year
• Drivers can save approximately $110 per year simply by quoting online in advance