Mazda MX-5 Miata Insurance Rates

The average insurance rates for a Mazda MX-5 Miata are $938 a year including full coverage. Comprehensive insurance costs an estimated $164 a year, collision insurance costs $236, and liability is $402. Liability-only coverage costs around $446 a year, and high-risk coverage costs $2,020 or more. Teenage drivers cost the most to insure at up to $3,708 a year.

Average premium for full coverage: $938

Policy rates broken down by type of insurance:

Estimates include $500 deductibles, liability coverage up to 30/60, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all 50 U.S. states and MX-5 Miata trim levels.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city can make a big difference on the price of auto insurance. More rural locations are shown to have lower incidents of comprehensive and collision claims than densely populated cities. The diagram below illustrates the effect of geographic area on insurance prices.

The examples above highlight why it is important to compare rates quotes for a targeted area, instead of making a decision based on average rates.

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

Additional Charts and Tables

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

• The best discount rate is $563
• Raising to $1,000 deductibles will save approximately $846 every year
• The estimated price for a good driver age 40 who has $500 deductibles is $938
• Using low $100 deductibles will cost an additional $174 annually
• Drivers who are prone to accidents and violations could pay up to $2,020
• Policy cost that insures a 16-year-old driver can cost as much as $3,708

Insurance rates for a Mazda MX-5 Miata also range considerably based on the trim level of your MX-5 Miata, your driving record and age, and liability limits and deductibles.

If you have a few points on your driving record or you caused an accident, you are likely paying $1,100 to $1,600 additional every year, depending on your age. A high-risk auto insurance policy is expensive and can cost from 43% to 131% more than a normal policy. View High Risk Driver Rates

Older drivers with no violations or accidents and higher comprehensive and collision deductibles may pay as low as $900 every 12 months on average, or $75 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records should be prepared to pay at least $3,700 a year. View Rates by Age

Your home state also has a big influence on Mazda MX-5 Miata insurance prices. A middle-age driver might find rates as low as $720 a year in states like Vermont, New Hampshire, and Missouri, or be forced to pay as much as $1,340 on average in Louisiana, New York, and Michigan.

Using high physical damage deductibles can reduce rates by up to $270 annually, while buying higher liability limits will increase premiums. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by 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 Low Cost Mazda MX-5 Miata Insurance

Finding cheaper rates on insurance for a Mazda MX-5 Miata consists of not taking risks behind the wheel, having a good credit score, paying for small claims out-of-pocket, and possibly raising deductibles. Compare prices every time your policy renews by requesting rates from direct car insurance companies, and also from your local car insurance providers.

The following is a review of the information covered in the above illustrations.

• You may be able to save approximately $110 per year just by quoting early and online
• Teens are expensive to insure, with premiums being up to $309 each month if comprehensive and collision insurance is included
• Increasing comprehensive and collision deductibles can save approximately $275 each year
• Drivers considered higher risk who have several accidents or serious violations could be charged and average of $1,080 more annually for MX-5 Miata insurance
• Insureds who want higher liability limits will pay an extra $440 per year to raise from a 30/60 limit to the 250/500 level