Mazda MX-5 Miata Insurance Rates

The average insurance prices for a Mazda MX-5 Miata are $938 every 12 months including full coverage. Comprehensive insurance costs an estimated $164, collision costs $236, and liability coverage is estimated at $402. Buying just liability costs approximately $446 a year, with insurance for high-risk drivers costing $2,020 or more. 16-year-old drivers cost the most to insure at $3,708 a year or more.

Average premium for full coverage: $938

Policy rates broken down by type of insurance:

Estimates include $500 physical damage deductibles, 30/60 liability limits, and includes additional medical/uninsured motorist coverage. Prices are averaged for all 50 U.S. states and for all MX-5 Miata models.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city has a large influence on the price of auto insurance. More rural locations are shown to have more infrequent comprehensive and collision claims than congested cities.

The example below illustrates how geographic area affects insurance prices.

The examples above highlight why everyone should get quotes for a targeted area and their own driving history, rather than using rate averages.

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

Additional Rate Analysis

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

• The best full coverage rate is $563
• Choosing higher $1,000 deductibles can save approximately $92 every year
• The average price for a good driver age 40 who has $500 deductibles is $938
• Buying pricier low deductibles for comp and collision coverage costs an extra $174 each year
• Drivers with multiple tickets or accidents could pay up to $2,020 or more
• Policy cost to insure a teenage driver for full coverage can cost as much as $3,708 each year

Insurance rates for a Mazda MX-5 Miata also range considerably based on liability limits and deductibles, your driving characteristics, and the model year and trim level.

Opting for high physical damage deductibles can save as much as $270 a year, whereas buying more liability protection will increase premiums. Changing from a 50/100 liability limit to a 250/500 limit will raise rates by up to $362 more per year. View Rates by Deductible or Liability Limit

A more mature driver with a clean driving record and higher deductibles may only pay around $900 annually on average, or $75 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers can expect to pay at least $3,700 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you are likely paying $1,100 to $1,600 extra every year, depending on your age. Mazda MX-5 Miata insurance for high-risk drivers ranges around 43% to 131% more than the average rate. View High Risk Driver Rates

Your home state 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 Vermont, New Hampshire, and Missouri, or at least $1,340 on average in Louisiana, New York, and Michigan.

Because rates have so much variability, the best way to figure out which auto insurance is cheapest is to regularly compare rates and see how they stack up. Each auto insurer utilizes a different rate formula, so the rates will be varied.

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 Shop for Low Cost Mazda MX-5 Miata Insurance

Finding cheaper rates on auto insurance takes being a safe and courteous driver, having good credit, paying for small claims out-of-pocket, and taking advantage of discounts. Invest the time to compare rates at every policy renewal by obtaining price quotes from direct car insurance companies, and also from local insurance agencies.

Below is a review of the data presented in the illustrations above.

• Consumers who want higher levels of liability will pay around $440 per year to raise limits from a 30/60 limit to a 250/500 level
• You may be able to save approximately $110 per year simply by quoting online well ahead of the renewal date
• Increasing comprehensive and collision deductibles could save as much as $275 each year
• Teenage drivers are charged the highest rates, with premiums being up to $309 each month if they have full coverage