Mazda MX-5 Miata Insurance Rates

Average insurance rates for a Mazda MX-5 Miata are $938 a year including full coverage. Comprehensive costs on average $164 each year, collision costs $236, and liability costs $402. A liability-only policy costs as little as $446 a year, with high-risk insurance costing around $2,020. 16-year-old drivers receive the highest rates at $3,708 a year or more.

Average premium for full coverage: $938

Rate estimates by individual coverage type:

Prices include $500 deductibles, 30/60 split liability limits, and includes uninsured/under-insured motorist coverage. Rates are averaged for all 50 U.S. states and MX-5 Miata models.

Price Range by Coverage and Risk

Price Range by Location

Your location can make a big difference on car insurance rates. Rural areas tend to have lower incidents of comprehensive and collision claims than congested cities.

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

These examples highlight why all drivers should compare rates based on a specific location, instead of making a decision based on rate averages.

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

More Rate Information

The chart below breaks down estimated Mazda MX-5 Miata insurance rates for different risk profiles and scenarios.

• The best full coverage rate is $563
• Drivers who choose higher $1,000 deductibles will pay around $92 every year
• The estimated price for a 40-year-old driver with $500 deductibles is $938
• Buying low deductibles for comprehensive and collision insurance bumps up the cost to $1,112
• Drivers with multiple tickets or accidents could pay upwards of $2,020 or more
• The cost that insures a 16-year-old driver may cost $3,708 a year

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

If you like to drive fast or you caused an accident, you are likely paying at a minimum $1,100 to $1,600 extra per year, depending on your age. Insurance for high-risk drivers can cost from 43% to 131% more than the average rate. View High Risk Driver Rates

More mature drivers with a clean driving record and higher comprehensive and collision deductibles may pay as low as $900 per year on average for full coverage. Rates are highest for teen drivers, since even teens with perfect driving records can expect to pay upwards of $3,700 a year. View Rates by Age

Where you live makes a big difference in Mazda MX-5 Miata insurance prices. A 40-year-old driver could pay as low as $720 a year in states like Missouri, New Hampshire, and Vermont, or at least $1,340 on average in Michigan, New York, and Louisiana.

Opting for high physical damage deductibles could save up to $270 annually, whereas increasing liability limits will cost you more. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $362 more per year. View Rates by Deductible or Liability Limit

With so much variability in rates, the best way to figure out exactly what you will pay is to do a rate comparison from multiple companies. Every company utilizes a different rate formula, so the 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 Right Mazda MX-5 Miata Insurance

Saving money on insurance for a Mazda MX-5 Miata not only requires not taking risks behind the wheel, but also having above-average credit, not filing small claims, and bundling your home and auto policies. Comparison shop at least every other year by getting rate quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from insurance agencies where you live.

The following is a quick rundown of the car insurance concepts raised in the charts and tables above.

• Drivers considered higher risk with reckless driving or DUI convictions could be forced to pay on average $1,080 more each year for MX-5 Miata insurance
• You may be able to save as much as $110 per year simply by quoting online in advance
• Increasing deductibles can save approximately $275 each year
• Insureds who require higher liability limits will pay around $440 per year to go from a minimum limit to the 250/500 level