Mazda MX-5 Miata Insurance Rates

U.S. average insurance prices for a Mazda MX-5 Miata are $938 every 12 months for full coverage. Comprehensive costs approximately $164, collision insurance costs $236, and liability is estimated at $402. Buying just liability costs approximately $446 a year, and insurance for high-risk drivers costs around $2,020. Teen drivers pay the highest rates at up to $3,708 a year.

Average premium for full coverage: $938

Price estimates by individual coverage:

Rates are based on $500 comprehensive and collision deductibles, minimum liability limits, and includes both medical and UM/UIM coverage. Estimates are averaged for all states and for different MX-5 Miata trim levels.

Price Range from Low to High

Geographic Price Range

Living in a larger city can have significant affects on car insurance rates. Rural locations have more infrequent accident claims than larger metro areas. The price range example below illustrates how location impacts auto insurance prices.

The ranges above show why anyone shopping for car insurance should get quotes using their specific location and their own driving history, instead of using price averages.

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

Rate Comparisons

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

• The lowest rate with discounts is $563
• Choosing higher $1,000 deductibles can save $92 a year
• The average price for the average middle-age driver who chooses $500 deductibles is $938
• Choosing more expensive low deductibles for comp and collision coverage increases the price to $1,112
• Unlucky drivers with multiple violations and an at-fault accident could pay around $2,020
• The price to insure a teen driver with full coverage can cost $3,708 each year

Insurance prices for a Mazda MX-5 Miata are also quite variable based on deductibles and policy limits, your driver profile, and the model of your MX-5 Miata.

Choosing high deductibles can save as much as $270 every year, while increasing your policy's liability limits will push prices upward. Going from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $362 more each year. View Rates by Deductible or Liability Limit

An older driver with no violations or accidents and higher deductibles may pay as little as $900 annually on average for full coverage. Prices are highest for teenage drivers, since even excellent drivers should be prepared to pay in the ballpark of $3,700 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you could be paying anywhere from $1,100 to $1,600 additional each year, depending on your age. High-risk driver insurance ranges as much as 43% to 131% more than average. View High Risk Driver Rates

The state you live in 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 $620 a year in states like Iowa, Maine, and Idaho, or as much as $1,340 on average in New York, Louisiana, and Michigan.

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 the Best Cheap Mazda MX-5 Miata Insurance

Getting lower rates on car insurance takes having a decent driving record, having above-average credit, eliminating unnecessary coverage, and consideration of higher deductibles. Spend time shopping around every couple of years by requesting quotes from direct carriers like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.

The following items are a quick review of the material that was touched on above.

• Policyholders who purchase additional liability coverage will pay about $440 each year to raise limits from a low limit to a 250/500 level
• 16 to 18-year-old drivers are the costliest to insure, with premiums as much as $309 a month if full coverage is included
• Higher risk drivers with a DUI or reckless driving violation may pay on average $1,080 more per year than a driver with a clean driving record
• Increasing physical damage deductibles could save as much as $275 each year