Mazda MX-5 Miata Insurance Rates

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

Average premium for full coverage: $938

Premium estimates by type of coverage:

Prices are based on $500 policy deductibles, 30/60 bodily injury liability limits, and includes additional medical/uninsured motorist coverage. Rates include averaging for all U.S. states and for all MX-5 Miata models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Choosing to live in a large city has a large influence on the price of insurance. Rural locations are statistically proven to have a lower frequency of collision claims than densely populated cities.

The example below illustrates the difference between rural and urban areas on auto insurance prices.

These rate differences demonstrate why everyone should compare rates quotes using their specific location and risk profile, rather than using average rates.

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

Additional Rate Analysis

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

• The best discount rate is $563
• Raising to $1,000 deductibles will save $92 annually
• The average rate for a 40-year-old good driver who chooses $500 deductibles is $938
• Using pricier low deductibles will increase the cost to $1,112
• Unlucky drivers who are prone to accidents and violations could pay around $2,020 or more
• An auto insurance policy for full coverage for a teenage driver for full coverage can cost $3,708

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

A more mature driver with a good driving record and high deductibles may only pay around $900 every 12 months on average, or $75 per month, for full coverage. Prices are much higher for drivers in their teens, where even good drivers will have to pay in the ballpark of $3,700 a year. View Rates by Age

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

Using high physical damage deductibles can reduce prices by up to $270 a year, whereas buying more liability protection will push prices upward. Moving from a 50/100 limit to a 250/500 limit will cost up to $362 extra every year. View Rates by Deductible or Liability Limit

If you have a few violations or tend to cause accidents, you may be forking out anywhere from $1,100 to $1,600 in extra premium annually, depending on your age. Mazda MX-5 Miata insurance for high-risk drivers is expensive and can cost around 43% to 131% more than a normal policy. View High Risk Driver Rates

With such a large range in prices, the best way to find out who has the cheapest auto insurance prices is to regularly compare prices and see how they stack up. Every auto insurance company uses a different method to calculate prices, and quoted prices will be substantially different from one company to the next.

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 auto insurance consists of avoiding accidents and claims, having good credit, being claim-free, and not having any coverage lapses. Set aside time to compare rates at every other renewal by getting rate quotes from direct companies like Progressive, GEICO, and Esurance, and also from several local insurance agents.

The points below are a brief review of the concepts that were covered above.

• Drivers with DUI or reckless driving convictions pay on average $1,080 more per year to insure a Mazda MX-5 Miata
• Drivers under the age of 20 have the highest car insurance prices, possibly costing $309 per month if they have full coverage
• You may be able to save around $110 per year simply by quoting online well ahead of the renewal date
• Increasing policy deductibles can save around $275 each year
• You may be able to save around $110 per year simply by quoting online well ahead of the renewal date