Mazda MX-5 Miata Insurance Rates

Estimated insurance rates for a Mazda MX-5 Miata are $968 a year including full coverage. Comprehensive insurance costs approximately $176 each year, collision insurance costs $254, and liability is estimated at $402. Liability-only insurance costs approximately $446 a year, and high-risk driver insurance costs $2,086 or more. Teens pay the most at up to $3,798 a year.

Average premium for full coverage: $968

Premium estimates by type of coverage:

Prices include $500 policy deductibles, 30/60 split liability limits, and includes medical and uninsured motorist coverage. Rates include averaging for all 50 U.S. states and MX-5 Miata models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city can have significant affects on car insurance prices. Rural locations are statistically proven to have lower incidents of comprehensive and collision claims than cities with more traffic congestion. The graphic below illustrates how rural and urban location affects auto insurance prices.

These rate differences highlight why all drivers should get quotes using their specific location, instead of using averaged prices.

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

Detailed Rate Analysis

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

• The cheapest rate after discounts is $578
• Choosing higher $1,000 deductibles can save $98 every year
• The estimated price for a 40-year-old good driver who chooses $500 deductibles is $968
• Selecting low deductibles for comp and collision coverage will cost an additional $188 every year
• Unlucky drivers with serious driving violations could pay around $2,086
• An auto insurance policy that insures a teen driver can cost $3,798 each year

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

If you have a few violations or you caused an accident, you are likely paying anywhere from $1,100 to $1,600 additional annually, depending on your age. Insurance for high-risk drivers ranges as much as 42% to 126% more than the average policy. View High Risk Driver Rates

More mature drivers with no violations or accidents and higher comprehensive and collision deductibles may pay as little as $900 annually 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 should be prepared to pay in the ballpark of $3,700 a year. View Rates by Age

Where you choose to live plays a big part in determining prices for Mazda MX-5 Miata insurance prices. A good driver about age 40 could pay as low as $740 a year in states like Vermont, New Hampshire, and Missouri, or have to pay at least $1,380 on average in Louisiana, New York, and Michigan.

Choosing higher comprehensive and collision insurance deductibles can save as much as $290 every year, whereas increasing liability limits will push prices upward. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $362 more each 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 Right Mazda MX-5 Miata Insurance

Finding better rates on car insurance takes being a good driver, having a good credit score, refrain from filing small claims, and consideration of higher deductibles. Compare rates at least every other year by obtaining price quotes from direct car insurance companies, and also from local auto insurance providers.

The following list is a quick rundown of the car insurance concepts raised in the charts and tables above.

• Higher risk drivers with reckless driving or DUI convictions will likely pay on average $1,120 more per year than a safer driver
• You may be able to save around $110 per year just by quoting online in advance
• Increasing policy deductibles can save approximately $275 each year
• Policyholders who purchase an increased level of liability coverage will pay approximately $440 per year to raise limits from 30/60 bodily injury limits to the 250/500 level