Mazda MX-5 Miata Insurance Rates

Estimated insurance rates for a Mazda MX-5 Miata are $938 a year including full coverage. Comprehensive insurance costs on average $164, collision insurance costs $236, and liability coverage costs around $402. A liability-only policy costs as low as $446 a year, and high-risk insurance costs $2,020 or more. Teens pay the most at up to $3,708 a year.

Average premium for full coverage: $938

Premium estimates by type of coverage:

These estimates include $500 deductibles, liability coverage up to 30/60, and includes UM/UIM and medical coverage. Rates include averaging for all 50 U.S. states and for all MX-5 Miata models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Where you live has a large influence on car insurance rates. Rural areas are statistically proven to have a lower frequency of comprehensive and collision claims than cities with more traffic congestion. The example below illustrates the effect of geographic area on car insurance rates.

These rate differences highlight why everyone should compare prices based on a specific location and risk profile, rather than using averaged prices.

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

Rates by State, City, and Model

The chart below breaks down average Mazda MX-5 Miata insurance rates for different risk profiles and scenarios.

• The cheapest rate after discounts is $563
• Using higher $1,000 deductibles will save around $92 every year
• The average rate for a 40-year-old good driver with $500 deductibles is $938
• Selecting pricier low deductibles for physical damage coverage will cost an extra $174 each year
• Higher-risk drivers with serious driving violations could pay upwards of $2,020
• An auto insurance policy for full coverage for a teenage driver for full coverage may cost $3,708 or more

Auto insurance prices for a Mazda MX-5 Miata also have a wide range based on your driving characteristics, the model of your MX-5 Miata, and policy deductibles and limits.

A more mature driver with a good driving record and high deductibles may only pay around $900 a year, or $75 per month, for full coverage. Prices are much higher for drivers in their teens, where even good drivers will have to pay upwards of $3,700 a year. View Rates by Age

Where you choose to live has a huge impact on Mazda MX-5 Miata insurance rates. A driver around age 40 might see prices as low as $720 a year in states like Missouri, New Hampshire, and Vermont, or have to pay at least $1,340 on average in Michigan, New York, and Louisiana.

Choosing higher comprehensive and collision insurance deductibles could cut prices by as much as $270 a year, whereas buying more liability protection will cost you more. Changing from a 50/100 limit to a 250/500 limit will cost up to $362 extra every year. View Rates by Deductible or Liability Limit

If you have a few violations or tend to cause accidents, you are likely paying at a minimum $1,100 to $1,600 in extra premium annually, depending on your age. Mazda MX-5 Miata insurance for high-risk drivers can be around 43% to 131% more than the average 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 Cheap Mazda MX-5 Miata Insurance

Finding better rates on auto insurance requires not taking risks behind the wheel, having good credit, refrain from filing small claims, and deciding if full coverage is necessary. Take the time to compare rates every time your policy renews by obtaining price quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local exclusive and independent agents.

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

• You may be able to save as much as $110 per year just by quoting online well ahead of the renewal date
• Teens are charged the highest prices, with the cost nearing $309 per month if they have full coverage
• Increasing policy deductibles can save around $275 each year
• Drivers that tend to have accidents or serious violations may pay on average $1,080 more each year for MX-5 Miata insurance
• Consumers who require higher liability limits will pay approximately $440 per year to increase from 30/60 bodily injury limits to 250/500 limits