Mazda MX-5 Miata Insurance Rates

Average insurance rates for a Mazda MX-5 Miata are $938 a year for full coverage. Comprehensive insurance costs around $164 each year, collision costs $236, and liability insurance is estimated at $402. Buying just liability costs approximately $446 a year, with insurance for high-risk drivers 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 for individual coverage type:

Includes $500 policy deductibles, liability coverage up to 30/60, and includes additional medical/uninsured motorist coverage. Rates are averaged for all states and MX-5 Miata models.

Price Range by Coverage and Risk

Price Range by Location

Living in a larger city has a significant impact on auto insurance rates. Areas with sparse population tend to have a lower frequency of accident claims than cities with more traffic congestion.

The graphic below illustrates the difference between rural and urban areas on auto insurance rates.

These examples show why all drivers should get quotes for a specific zip code and risk profile, rather than relying on averaged prices.

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

Additional Rate Analysis

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

• The cheapest rate after discounts is $563
• Choosing higher $1,000 deductibles can save about $92 a year
• The average rate for a 40-year-old driver using $500 deductibles is $938
• Selecting low deductibles for comp and collision coverage will cost an extra $174 a year
• High-risk insureds with serious driving violations could pay at least $2,020 or more
• The cost for full coverage for a teen driver can be $3,708 each year

Auto insurance rates for a Mazda MX-5 Miata can also vary considerably based on your driver profile, the trim level of your MX-5 Miata, and deductibles and policy limits.

More mature drivers with a good driving record and high deductibles could pay as little as $900 annually on average for full coverage. Rates are much higher for teen drivers, where even good drivers will have to pay as much as $3,700 a year. View Rates by Age

Where you 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 $620 a year in states like Idaho, Maine, and Iowa, or have to pay at least $1,340 on average in Michigan, Louisiana, and New York.

Choosing higher comprehensive and collision insurance deductibles can save as much as $270 each year, whereas increasing liability limits will increase rates. Going from a 50/100 limit to a 250/500 limit will cost as much as $362 extra every year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you could be paying at least $1,100 to $1,600 in extra premium per year, depending on your age. Insurance for high-risk drivers ranges anywhere from 43% to 131% more than the average policy. View High Risk Driver Rates

With so much variability in rates, the only way to know your exact price is to do a rate comparison from as many companies as possible. Each auto insurer calculates rates differently, and quoted rates can be significantly different from one company to the next.

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 Cheapest Mazda MX-5 Miata Insurance

Saving money on Mazda MX-5 Miata insurance takes avoiding accidents and claims, having good credit, eliminating unneeded coverage, and maximizing policy discounts. Set aside time to compare rates every time your policy renews by getting quotes from direct carriers like GEICO and Progressive, and also from local insurance agents.

The points below are a recap of the information covered above.

• Drivers can save up to $110 per year simply by quoting online in advance
• Drivers under the age of 20 are expensive to insure, costing as high as $309 per month if they have full coverage
• Increasing deductibles can save around $275 each year
• High-risk drivers that have major violations or accidents may be required to pay an average of $1,080 more every year to insure a Mazda MX-5 Miata
• Drivers who may need increased liability limits will pay approximately $440 each year to raise limits from a minimum limit to 250/500 limits