Mazda MX-5 Miata Insurance Rates

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

Average premium for full coverage: $938

Policy rates by type of insurance:

Prices include $500 policy deductibles, liability coverage up to 30/60, and includes additional medical/uninsured motorist coverage. Prices are averaged for all states and for different MX-5 Miata trim levels.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city has a significant impact on car insurance rates. Rural locations are shown to have a lower frequency of accident claims than densely populated cities. The price range example below illustrates how rural and urban location affects auto insurance prices.

The examples above show why anyone shopping for car insurance should compare rates quotes using their specific location and risk profile, rather than relying on average rates.

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

Additional Rate Analysis

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

• The best discount rate is $563
• Raising to $1,000 deductibles will save $92 a year
• The average rate for a good driver age 40 who chooses $500 deductibles is $938
• Using more expensive low deductibles will increase the cost to $1,112
• Higher-risk drivers who are prone to accidents and violations could pay around $2,020
• Policy cost for full coverage for a teen driver with full coverage can cost $3,708

Auto insurance rates for a Mazda MX-5 Miata also range considerably based on your risk profile, the trim level of your MX-5 Miata, and physical damage deductibles and liability limits.

An older driver with a good driving record and high deductibles could pay as little as $900 every 12 months on average, or $75 per month, for full coverage. Rates are much higher for teenagers, where even good drivers will have to pay in the ballpark of $3,700 a year. View Rates by Age

Your home state also has a big influence on Mazda MX-5 Miata insurance rates. A middle-age driver might find rates as low as $620 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $1,340 on average in New York, Louisiana, and Michigan.

Using high physical damage deductibles can reduce rates by up to $270 each year, while increasing your policy's liability limits will push rates upward. Going from a 50/100 limit to a 250/500 limit will raise rates by up to $362 extra every year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you could be paying anywhere from $1,100 to $1,600 in extra premium every year, depending on your age. High-risk driver insurance is expensive and can cost anywhere from 43% to 131% more than a normal policy. View High Risk Driver Rates

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 Right Mazda MX-5 Miata Insurance

Finding cheaper rates on Mazda MX-5 Miata insurance consists of avoiding accidents and claims, having good credit, avoid buying unnecessary coverage, and possibly higher deductibles. Set aside time to shop around every time your policy renews by getting rate quotes from direct carriers like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.

The points below are a quick rundown of the information raised in the charts and tables above.

• Drivers can save around $110 per year just by shopping early and online
• Drivers under the age of 20 have the highest car insurance rates, costing up to $309 each month if they have full coverage
• Increasing comprehensive and collision deductibles can save around $275 each year
• High-risk drivers with reckless driving or DUI convictions may pay on average $1,080 more per year to insure a Mazda MX-5 Miata
• Drivers who purchase increased liability limits will pay an extra $440 each year to raise from a 30/60 limit to 250/500 limits