Mazda MX-5 Miata Insurance Rates

U.S. average insurance rates for a Mazda MX-5 Miata are $938 a year for full coverage. Comprehensive insurance costs approximately $164 a year, collision insurance costs $236, and liability is $402. A policy with just liability insurance costs around $446 a year, and coverage for high-risk drivers costs $2,020 or more. Teen drivers pay the highest rates at up to $3,708 a year.

Average premium for full coverage: $938

Price estimates by individual coverage:

Rate estimates include $500 comprehensive and collision deductibles, minimum liability limits, and includes medical and UM/UIM coverage. Estimates are averaged for all states and MX-5 Miata trim levels.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city can make a big difference on car insurance rates. Rural locations have lower incidents of accident claims than larger metro areas. The diagram below illustrates how your location can change auto insurance prices.

The ranges above show why it is important to compare rates quotes using their specific location, instead of making a decision based on price averages.

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

More Rate Details

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

• The lowest rate with discounts is $563
• Raising to $1,000 deductibles will save $846 a year
• The estimated price for the average middle-age driver who chooses $500 deductibles is $938
• Choosing low $100 deductibles will cost an additional $174 annually
• Drivers with multiple violations and an at-fault accident could pay around $2,020
• The price that insures a 16-year-old driver can cost $3,708

Insurance prices for a Mazda MX-5 Miata are also quite variable based on the trim level of your MX-5 Miata, how you drive, and physical damage deductibles and liability limits.

If you have some driving violations or you caused an accident, you could be paying anywhere from $1,100 to $1,600 extra each year, depending on your age. A high-risk auto insurance policy is expensive and can cost from 43% to 131% more than average. View High Risk Driver Rates

Older drivers with a clean driving record and higher comprehensive and collision deductibles may pay as low as $900 every 12 months on average for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records can expect to pay in the ballpark of $3,700 a year. View Rates by Age

The state you live in also has a big influence on Mazda MX-5 Miata insurance prices. A middle-age driver might find prices as low as $620 a year in states like Iowa, Maine, and Idaho, or as much as $1,340 on average in New York, Louisiana, and Michigan.

Choosing high deductibles can reduce prices by up to $270 annually, while buying higher liability limits will push prices upward. Going from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $362 more per year. View Rates by Deductible or Liability Limit

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 Best Mazda MX-5 Miata Insurance

Getting lower rates on insurance for a Mazda MX-5 Miata consists of having a decent driving record, having above-average credit, eliminating unnecessary coverage, and possibly raising deductibles. Shop around every couple of years by requesting rates from direct carriers, and also from insurance agencies where you live.

The following items are a brief recap of the material that was illustrated above.

• Insureds who purchase additional liability coverage will pay about $440 each year to raise from a low limit to the 250/500 level
• 16 to 18-year-old drivers are expensive to insure, with premiums as much as $309 a month if full coverage is included
• Drivers considered higher risk who tend to receive serious violations could be forced to pay on average $1,080 more per year than a driver with a clean driving record
• Increasing physical damage deductibles can save approximately $275 each year