Mazda MX-5 Miata Insurance Rates

Average insurance prices for a Mazda MX-5 Miata are $938 every 12 months with full coverage. Comprehensive costs around $164 a year, collision costs $236, and liability is estimated at $402. A policy with just liability insurance costs approximately $446 a year, with coverage for high-risk drivers 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 for individual coverage type:

Rate estimates include $500 policy deductibles, 30/60 liability coverage, and includes uninsured motorist and medical 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

Living in a larger city can make a big difference on insurance rates. Areas with sparse population tend to have more infrequent collision claims than larger metro areas.

The diagram below illustrates the difference location can make on auto insurance rates.

These examples demonstrate why it is important to get quotes for a specific zip code and their own driving history, instead of making a decision based on price averages.

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

Additional Rate Information

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

• The lowest rate with discounts is $563
• Choosing higher $1,000 deductibles can save about $846 annually
• The average price for a 40-year-old driver using $500 deductibles is $938
• Choosing low $100 deductibles for comp and collision coverage increases the price to $1,112
• Higher-risk drivers with multiple violations and an at-fault accident could pay at least $2,020 or more
• The cost to insure a 16-year-old driver can be $3,708 each year

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

Choosing high deductibles can save as much as $270 annually, while buying higher liability limits will increase rates. Moving from a 50/100 liability limit to a 250/500 limit will cost as much as $362 more each year. View Rates by Deductible or Liability Limit

Older drivers with no violations or accidents and higher deductibles may pay as low as $900 annually on average for full coverage. Rates are highest for teen drivers, since even excellent drivers should be prepared to pay as much as $3,700 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you may be forking out at least $1,100 to $1,600 additional per year, depending on your age. A high-risk auto insurance policy ranges from 43% to 131% more than average. View High Risk Driver Rates

Where you live 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 $680 a year in states like New Hampshire, Ohio, and Utah, or as much as $1,270 on average in Florida, Michigan, and New York.

With so much variability in rates, the best way to find out your exact price is to get quotes from multiple companies. Each auto insurer uses a different rate calculation, and 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 Shop for the Best Mazda MX-5 Miata Insurance

Saving money on insurance for a Mazda MX-5 Miata takes avoiding accidents and claims, having above-average credit, eliminating unnecessary coverage, and taking advantage of discounts. Make time to compare rates every year by quoting rates from direct companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.

The points below are a brief recap of the coverage data touched on in this article.

• You may be able to save up to $110 per year simply by quoting early and online
• Increasing deductibles could save as much as $275 each year
• Drivers under the age of 20 are charged the highest rates, with premiums as much as $309 per month if full coverage is included
• Drivers considered higher risk who tend to receive serious violations pay on average $1,080 more every year to insure a Mazda MX-5 Miata