Mazda MX-5 Miata Insurance Rates

U.S. average insurance rates for a Mazda MX-5 Miata are $938 a year for full coverage insurance. Comprehensive costs around $164 each year, collision costs $236, and liability coverage costs around $402. Liability-only coverage costs as low as $446 a year, with high-risk coverage costing around $2,020. Teen drivers pay the highest rates at $3,708 a year or more.

Average premium for full coverage: $938

Price estimates for individual coverage:

Estimates include $500 deductibles, 30/60 bodily injury liability limits, and includes uninsured/under-insured motorist coverage. Estimates are averaged for all 50 states and MX-5 Miata models.

Price Range from Low to High

Geographic Price Range

Where you live has a large influence on car insurance rates. Areas with sparse population have lower incidents of physical damage claims than larger metro areas.

The graphic below illustrates how location impacts auto insurance rates.

The ranges above illustrate why all drivers should compare prices for a specific zip code, rather than using price averages.

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 choices and driver risks.

• The lowest rate with discounts is $563
• Using higher $1,000 deductibles will save about $92 each year
• The estimated price for the average middle-age driver using $500 deductibles is $938
• Choosing low deductibles for physical damage coverage bumps up the cost to $1,112
• Higher-risk drivers with multiple violations and an at-fault accident could pay at least $2,020 or more
• The price that insures a teenage driver can be $3,708 or more

Auto insurance prices for a Mazda MX-5 Miata are also quite variable based on the trim level and model year, your age and driving record, and deductibles and policy limits.

If you have some driving violations or you caused an accident, you are probably paying at least $1,100 to $1,600 in extra premium each year, depending on your age. Insurance for high-risk drivers can be around 43% to 131% more than average. View High Risk Driver Rates

More mature drivers with a good driving record and higher comprehensive and collision deductibles may only pay around $900 a year for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records will have to pay as much as $3,700 a year. View Rates by Age

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

Choosing high deductibles could cut prices by as much as $270 a year, whereas increasing liability limits will increase prices. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $362 extra every year. View Rates by Deductible or Liability Limit

Since prices can be so different, the only way to figure out your exact price is to do a rate comparison and see how they stack up. Each insurance company uses a different rate calculation, and quoted prices may be quite 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 Find Low Cost Mazda MX-5 Miata Insurance

Getting lower rates on auto insurance requires not taking risks behind the wheel, maintaining a good credit score, not filing small claims, and maximizing policy discounts. Shop around at every other renewal by getting quotes from direct insurance companies, and also from insurance agencies where you live.

The following is a review of the concepts that were touched on above.

• Drivers who have several accidents or serious violations could be forced to pay on average $1,080 more every year for MX-5 Miata insurance
• Teens are expensive to insure, as much as $309 a month if the policy includes full coverage
• It is possible to save up to $110 per year simply by quoting online in advance
• Increasing physical damage deductibles can save approximately $275 each year
• It is possible to save up to $110 per year simply by quoting online in advance