Mazda MX-5 Miata Insurance Rates

Average insurance prices for a Mazda MX-5 Miata are $938 every 12 months for full coverage insurance. Comprehensive insurance costs approximately $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 receive the highest rates at $3,708 a year or more.

Average premium for full coverage: $938

Rate estimates by individual coverage type:

These estimates include $500 policy deductibles, minimum liability limits, and includes uninsured/under-insured motorist coverage. Rates are averaged for all 50 states and MX-5 Miata trim levels.

Price Range by Coverage and Risk

Price Range by Location

Where you live can have significant affects on the price of auto insurance. Rural locations tend to have more infrequent physical damage claims than cities with more traffic congestion.

The diagram below illustrates how geographic area affects auto insurance prices.

These examples illustrate why it is important to compare prices using their 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 illustrates estimated Mazda MX-5 Miata insurance rates for additional coverage and risk scenarios.

• The cheapest rate after discounts is $563
• Using higher $1,000 deductibles will save $846 each year
• The average price for a 40-year-old driver who chooses $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 around $2,020 or more
• The cost to insure a teen driver can cost $3,708 or more

Car insurance rates for a Mazda MX-5 Miata can also vary considerably based on policy deductibles and limits, your risk profile, and the model 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 push rates upward. Switching from a 50/100 liability limit to a 250/500 limit will cost as much as $362 extra every 12 months. View Rates by Deductible or Liability Limit

Older drivers with no driving violations and higher deductibles may pay as little as $900 a year for full coverage. Rates are much higher for teen drivers, since even excellent drivers will be charged in the ballpark of $3,700 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you are probably paying anywhere from $1,100 to $1,600 extra per 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

Where you live has a huge impact on Mazda MX-5 Miata insurance prices. A driver around age 40 might see rates as low as $610 a year in states like North Carolina, Wisconsin, and Vermont, or have to pay at least $1,270 on average in Florida, New York, and Michigan.

With so much variability in rates, the only way to figure out who has the best car insurance rates is to get quotes and see which company has the best rate. Each insurance company calculates rates differently, so rate quotes can be significantly different.

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

Saving money on car insurance requires being safe and accident-free, maintaining a good credit score, avoid buying unnecessary coverage, and avoiding coverage lapses. Invest the time to compare rates every couple of years by requesting quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from local insurance agencies.

Below you'll find a brief summary of the material that was presented in the illustrations above.

• Policyholders who purchase more liability protection will pay approximately $440 annually to increase from a minimum limit to a 250/500 level
• Youthful drivers pay the highest auto insurance rates, costing up to $309 per month if the policy includes full coverage
• Higher risk drivers that tend to have accidents or serious violations may have to pay on average $1,080 more per year than a low-risk driver
• Increasing deductibles could save as much as $275 each year