Mazda MX-5 Miata Insurance Rates

Average auto insurance rates for a Mazda MX-5 Miata are $938 annually with full coverage. Comprehensive costs an estimated $164 a year, collision costs $236, and liability is $402. A liability-only policy costs around $446 a year, with high-risk insurance costing around $2,020. Teen drivers 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:

Rates are based on $500 policy deductibles, 30/60 split liability limits, and includes medical and uninsured motorist coverage. Rates are averaged for all U.S. states and MX-5 Miata trim levels.

Price Range by Coverage and Risk

Price Range by Location

Choosing to live in a large city can have significant affects on car insurance rates. More rural locations tend to have fewer collision claims than larger metro areas.

The diagram below illustrates how geographic area affects insurance prices.

These examples demonstrate why it is important to compare rates quotes for a targeted area and their own personal driving habits, instead of using price averages.

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

Detailed Rate Analysis

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

• The lowest rate with discounts is $563
• Raising to $1,000 deductibles will save approximately $846 annually
• The estimated rate for a 40-year-old driver who has $500 deductibles is $938
• Choosing low $100 deductibles will cost $1,112
• At-risk drivers with multiple violations and an at-fault accident could pay up to $2,020 or more
• The cost with full coverage for a teen driver can cost as much as $3,708

Insurance rates for a Mazda MX-5 Miata can also vary considerably based on the trim level of your MX-5 Miata, your driving record, and liability limits and deductibles.

Older drivers with a clean driving record and high physical damage deductibles may pay as little as $900 every 12 months on average for full coverage. Rates are highest for teen drivers, where even without any violations or accidents they can expect to pay at least $3,700 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you may be forking out $1,100 to $1,600 extra per year, depending on your age. A high-risk auto insurance policy is expensive and can cost as much as 43% to 131% more than average. View High Risk Driver Rates

Choosing high deductibles can reduce rates by up to $270 every year, while buying higher liability limits will increase premiums. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $362 more per year. View Rates by Deductible or Liability Limit

Where you live also has a big influence on Mazda MX-5 Miata insurance prices. A middle-age driver might find rates as low as $680 a year in states like Utah, Ohio, and New Hampshire, or as much as $1,270 on average in New York, Michigan, and Florida.

With so much variability in rates, the best way to find out which company is cheapest is to get quotes and see which company has the best rate. Every auto insurance company uses a different rate calculation, so the rates can be significantly 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 the Best Cheap Mazda MX-5 Miata Insurance

Saving money on car insurance consists of avoiding accidents and claims, having a good credit history, eliminating unnecessary coverage, and taking advantage of discounts. Invest the time to compare rates at least every other year by quoting rates from direct companies like Progressive and GEICO, and also from several local insurance agents.

The points below are a quick review of the car insurance concepts presented in the illustrations above.

• Higher risk drivers with a DUI or reckless driving violation pay on average $1,080 more annually to insure a Mazda MX-5 Miata
• You may be able to save approximately $110 per year simply by quoting early and online
• Increasing deductibles could save up to $275 each year
• Policyholders who want increased liability limits will pay about $440 every year to raise from a minimum limit to higher 250/500 limits