Mazda MX-5 Miata Insurance Rates

Estimated insurance rates for a Mazda MX-5 Miata are $938 a year including full coverage. Comprehensive insurance costs around $164, collision costs $236, and liability is $402. Liability-only coverage costs around $446 a year, with high-risk coverage costing $2,020 or more. Teens pay the most at $3,708 a year or more.

Average premium for full coverage: $938

Premium estimates for type of coverage:

Prices are based on $500 policy deductibles, 30/60 liability limits, and includes both medical and uninsured motorist insurance. Rates include averaging for all 50 U.S. states and for different 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 make a big difference on the price of insurance. Areas with sparse population are statistically proven to have lower incidents of comprehensive and collision claims than cities with more traffic congestion.

The price range example below illustrates how rural and urban location affects auto insurance rates.

These rate differences highlight why anyone shopping for car insurance should compare rates quotes for a specific zip code, instead of making a decision based on averaged prices.

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

Additional Rate Details

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

• The cheapest rate after discounts is $563
• Raising to $1,000 deductibles will save about $92 every year
• The estimated price for a 40-year-old good driver using $500 deductibles is $938
• Selecting more expensive low deductibles will cost an additional $174 annually
• Drivers with serious driving violations could pay at least $2,020 or more
• An auto insurance policy that insures a 16-year-old driver with full coverage can be $3,708

Insurance prices for a Mazda MX-5 Miata also have a wide range based on the model year and trim level, your driving record and age, and deductibles and policy limits.

If you have a few violations or you caused an accident, you are likely paying at least $1,100 to $1,600 extra annually, depending on your age. High-risk driver insurance is expensive and can cost from 43% to 131% more than the average policy. View High Risk Driver Rates

An older driver with a clean driving record and higher comprehensive and collision deductibles may pay as low as $900 every 12 months on average, or $75 per month, for full coverage. Prices are much higher for drivers in their teens, since even teens with perfect driving records can expect to pay as much as $3,700 a year. View Rates by Age

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 $720 a year in states like Missouri, New Hampshire, and Vermont, or have to pay at least $1,340 on average in Michigan, New York, and Louisiana.

Choosing higher comprehensive and collision insurance deductibles can reduce prices by up to $270 annually, while increasing your policy's liability limits will increase prices. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $362 more per year. View Rates by Deductible or Liability Limit

With such a large range in prices, the best way to figure out your exact price is to compare prices from multiple companies. Every auto insurance company calculates prices differently, so the prices 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 Find Affordable Mazda MX-5 Miata Insurance

Finding better rates on insurance for a Mazda MX-5 Miata consists of being a good driver, having above-average credit, refrain from filing small claims, and insuring your home and auto with the same company. Compare rates at every policy renewal by requesting rates from direct car insurance companies, and also from local insurance agencies.

The following list is a brief review of the data raised in the charts and tables above.

• Insureds who may need an increased level of liability coverage will pay approximately $440 per year to raise from 30/60 bodily injury limits to the 250/500 level
• You may be able to save up to $110 per year simply by shopping early and online
• Increasing policy deductibles can save approximately $275 each year
• Drivers age 16 to 20 pay higher prices, with the cost nearing $309 per month if full coverage is included