Mazda MX-5 Miata Insurance Rates

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

Average premium for full coverage: $938

Premium estimates for type of coverage:

Estimates include $500 policy deductibles, liability coverage up to 30/60, and includes both medical and UM/UIM coverage. Rates include averaging for all 50 states and for all MX-5 Miata models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city has a large influence on car insurance rates. Areas with sparse population are statistically proven to have fewer physical damage claims than densely populated cities.

The example below illustrates how location impacts auto insurance rates.

These rate differences illustrate why everyone should get quotes for a specific zip code and their own personal driving habits, rather than using average rates.

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

Rate Comparisons

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

• The best discount rate is $563
• Choosing higher $1,000 deductibles can save about $92 each year
• The estimated rate for a 40-year-old good driver using $500 deductibles is $938
• Using pricier low deductibles for comp and collision coverage costs an additional $174 each year
• Drivers who are prone to accidents and violations could pay at least $2,020 or more
• An auto insurance policy with full coverage for a teenage driver for full coverage can be $3,708 each year

Insurance prices for a Mazda MX-5 Miata also have a wide range based on the model of your MX-5 Miata, your risk profile, and deductibles and policy limits.

A more mature driver with a clean driving record and high physical damage deductibles may only pay around $900 annually on average, or $75 per month, for full coverage. Prices are much higher for drivers in their teens, where even without any violations or accidents they can expect to pay as much as $3,700 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you are probably paying at least $1,100 to $1,600 extra annually, depending on your age. Mazda MX-5 Miata insurance for high-risk drivers ranges around 43% to 131% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles can save as much as $270 a year, whereas buying more liability protection will increase prices. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost up to $362 more per year. View Rates by Deductible or Liability Limit

Where you choose to live plays a big part in determining prices for Mazda MX-5 Miata insurance rates. A good driver about age 40 could pay as low as $610 a year in states like Vermont, Wisconsin, and North Carolina, or be forced to pay as much as $1,270 on average in Michigan, New York, and Florida.

With such a large range in prices, the only way to figure out your exact price is to regularly compare prices and see how they stack up. Each auto insurer uses a different method to calculate prices, so the prices will be substantially different between companies.

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 Buy Low Cost Mazda MX-5 Miata Insurance

Finding better rates on auto insurance takes being safe and accident-free, having a good credit history, paying for small claims out-of-pocket, and insuring your home and auto with the same company. Spend time shopping around every time your policy renews by getting quotes from direct insurance companies, and also from several local insurance agents.

Below you'll find a review of the information touched on above.

• It is possible to save up to $110 per year simply by quoting online well ahead of the renewal date
• Youthful drivers pay higher prices, with premiums being up to $309 per month including comprehensive and collision insurance
• Increasing policy deductibles could save up to $275 each year
• Drivers who have several accidents or serious violations pay on average $1,080 more every year than a low-risk driver
• Consumers who may need more liability protection will pay an extra $440 annually to raise limits from 30/60 bodily injury limits to higher 250/500 limits