Mazda MX-5 Miata Insurance Rates

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

Average premium for full coverage: $938

Premium estimates for type of coverage:

Prices include $500 comprehensive and collision deductibles, 30/60 bodily injury liability limits, and includes UM/UIM and medical coverage. Rates include averaging for all states and MX-5 Miata trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Your location has a significant impact on auto insurance rates. Areas with sparse population are statistically proven to have a lower frequency of accident claims than densely populated cities. The diagram below illustrates the difference location can make on auto insurance rates.

These rate differences show why it is important to compare rates for a specific zip code and risk profile, rather than relying on average rates.

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

Rates by State, City, and Model

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

• The best discount rate is $563
• Drivers who choose higher $1,000 deductibles will pay about $846 a year
• The average rate for a 40-year-old good driver using $500 deductibles is $938
• Using low $100 deductibles for comprehensive and collision insurance will increase the cost to $1,112
• High risk drivers who are prone to accidents and violations could pay at least $2,020
• An auto insurance policy for full coverage for a teen driver can be $3,708 a year

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

Older drivers with no violations or accidents and high deductibles could pay as little as $900 per year on average, or $75 per month, for full coverage. Prices are much higher for drivers in their teens, where even good drivers should be prepared to pay as much as $3,700 a year. View Rates by Age

Where you choose to live makes a big difference in Mazda MX-5 Miata insurance rates. A 40-year-old driver could pay as low as $620 a year in states like Idaho, Maine, and Iowa, or be forced to pay as much as $1,340 on average in Michigan, Louisiana, and New York.

Using high physical damage deductibles could save up to $270 each year, while buying higher liability limits will increase prices. Going from a 50/100 limit to a 250/500 limit will cost up to $362 more each year. View Rates by Deductible or Liability Limit

If you have a few violations or tend to cause accidents, you could be paying at least $1,100 to $1,600 additional annually, depending on your age. A high-risk auto insurance policy 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 better rates on Mazda MX-5 Miata insurance not only requires having a decent driving record, but also having a good credit history, not filing small claims, and deciding if full coverage is necessary. Make time to compare rates at every other renewal by quoting rates from direct carriers like Progressive, GEICO, and Esurance, and also from local insurance agents.

The following items are a quick rundown of the concepts that were touched on in this article.

• High-risk drivers with reckless driving or DUI convictions may be required to pay an average of $1,080 more every year than a driver with a clean driving record
• 16 to 18-year-old drivers are charged the highest prices, as much as $309 per month including comprehensive and collision insurance
• Drivers can save up to $110 per year just by quoting early and online
• Increasing policy deductibles can save around $275 each year
• Drivers can save up to $110 per year just by quoting early and online