Mazda MX-5 Miata Insurance Rates

Estimated insurance prices for a Mazda MX-5 Miata are $938 every 12 months for full coverage insurance. Comprehensive insurance costs around $164 a year, collision costs $236, and liability is $402. A policy with only liability insurance costs around $446 a year, with a high-risk policy costing $2,020 or more. Teen drivers pay the most at $3,708 a year or more.

Average premium for full coverage: $938

Premium estimates for type of coverage:

Price estimates include $500 deductible amounts, 30/60 liability coverage, and includes uninsured/under-insured motorist coverage. Rates include averaging for all 50 states and MX-5 Miata trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Choosing to live in a large city can have significant affects on car insurance rates. Areas with sparse population are statistically proven to have more infrequent physical damage claims than larger metro areas.

The diagram below illustrates how location impacts auto insurance rates.

These rate differences illustrate why it is important to compare rates quotes for a specific zip code and their own driving history, instead of using price averages.

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

More Rate Information

The chart below illustrates estimated Mazda MX-5 Miata insurance rates for additional coverage choices and driver risks.

• The lowest rate with discounts is $563
• Raising to $1,000 deductibles will save about $846 each year
• The average price for a 40-year-old good driver using $500 deductibles is $938
• Choosing low $100 deductibles costs an extra $174 every year
• At-risk drivers with multiple violations and an at-fault accident could pay at least $2,020 or more
• An auto insurance policy to insure a teen driver can be $3,708

Car insurance prices for a Mazda MX-5 Miata also have a wide range based on physical damage deductibles and liability limits, your risk profile, and the trim level and model year.

Choosing high deductibles can reduce prices by up to $270 every year, while buying higher liability limits will increase prices. Switching from a 50/100 liability limit to a 250/500 limit will cost up to $362 extra every 12 months. View Rates by Deductible or Liability Limit

Older drivers with no driving violations and higher deductibles may pay as little as $900 every 12 months on average, or $75 per month, for full coverage. Prices are highest for drivers in their teens, since even excellent drivers will be charged as much as $3,700 a year. View Rates by Age

If you have a few violations or you were responsible for an accident, you are probably paying at least $1,100 to $1,600 extra annually, 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

Where you choose to live also has a big influence on Mazda MX-5 Miata insurance prices. A middle-age driver might find prices 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.

With such a large range in prices, the only way to figure out your exact price is to get quotes and see which company has the best price. Every auto insurance company uses a different rate calculation, so rate quotes will be substantially 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 Shop for Cheaper Mazda MX-5 Miata Insurance

Finding better rates on car insurance consists of having a good driving record, maintaining a good credit score, paying for small claims out-of-pocket, and qualifying for all possible discounts. Spend time shopping around every year by getting quotes from direct insurance companies, and also from your local independent and exclusive agents.

The next list is a condensed summary of the coverage data touched on above.

• It is possible to save up to $110 per year simply by quoting early and online
• Increasing policy deductibles could save as much as $275 each year
• Drivers age 20 and younger are the costliest to insure, with premiums being up to $309 per month if the policy includes full coverage
• Higher risk drivers with multiple at-fault accidents may pay on average $1,080 more every year to buy Mazda MX-5 Miata insurance