Mazda MX-5 Miata Insurance Rates

The average insurance prices for a Mazda MX-5 Miata are $938 every 12 months including full coverage. Comprehensive insurance costs on average $164 a year, collision costs $236, and liability costs around $402. Liability-only coverage costs as low as $446 a year, with high-risk coverage costing $2,020 or more. Teens cost the most to insure at $3,708 a year or more.

Average premium for full coverage: $938

Policy rates by type of insurance:

These estimates include $500 physical damage deductibles, 30/60 liability limits, and includes uninsured/under-insured motorist coverage. Prices are averaged for all 50 U.S. states and MX-5 Miata trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live can have significant affects on car insurance rates. Rural areas are shown to have more infrequent comprehensive and collision claims than cities with more traffic congestion.

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

The examples above highlight why it is important to compare prices based on a specific location and their own driving history, instead of using averaged prices.

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 cheapest rate after discounts is $563
• Using higher $1,000 deductibles will save around $846 every year
• The average price for a good driver age 40 with $500 deductibles is $938
• Selecting low $100 deductibles for physical damage coverage costs an extra $174 every year
• Drivers with serious driving violations could pay upwards of $2,020 or more
• Policy cost to insure a teen driver may cost $3,708 or more

Insurance rates for a Mazda MX-5 Miata also range considerably based on liability limits and deductibles, your driving characteristics, and the trim level of your MX-5 Miata.

Choosing higher comprehensive and collision insurance deductibles could cut rates by as much as $270 every year, while buying higher liability limits will cost you more. Changing from a 50/100 liability limit to a 250/500 limit will raise rates by up to $362 more each year. View Rates by Deductible or Liability Limit

Older drivers with no violations or accidents and higher deductibles may pay as little as $900 a year, or $75 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers should be prepared to pay upwards of $3,700 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you are likely paying at a minimum $1,100 to $1,600 additional every year, depending on your age. A high-risk auto insurance policy can be as much as 43% to 131% more than the average policy. View High Risk Driver Rates

Your home state has a huge impact on Mazda MX-5 Miata insurance prices. A driver around age 40 might see rates 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.

Because rates have so much variability, the best way to figure out exactly what you will pay is to get quotes and see which company has the best rate. Each insurance company calculates rates differently, and rates will be varied.

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 Cheap Mazda MX-5 Miata Insurance

Finding cheaper rates on car insurance requires being a safe and courteous driver, having above-average credit, paying for small claims out-of-pocket, and insuring your home and auto with the same company. Make time to compare rates at every policy renewal by getting rate quotes from direct car insurance companies, and also from your local independent and exclusive agents.

Below is a brief summary of the data touched on in this article.

• Policyholders who require higher levels of liability will pay approximately $440 per year to increase from a 30/60 limit to a 250/500 level
• You may be able to save as much as $110 per year simply by quoting early and online
• Increasing comprehensive and collision deductibles could save as much as $275 each year
• Teenage drivers pay higher rates, with premiums being up to $309 each month if full coverage is included