Mazda MX-5 Miata Insurance Rates

The average insurance rates for a Mazda MX-5 Miata are $968 a year with full coverage. Comprehensive costs around $176 each year, collision insurance costs $254, and liability coverage costs $402. Buying just liability costs as little as $446 a year, and insurance for high-risk drivers costs around $2,086. Teenage drivers cost the most to insure at up to $3,798 a year.

Average premium for full coverage: $968

Policy rates for type of insurance:

Price estimates include $500 deductible amounts, 30/60 split liability limits, and includes both medical and uninsured motorist insurance. Prices are averaged for all U.S. states and MX-5 Miata models.

Price Range Variability

Urban vs. Rural Price Range

Your location has a large influence on insurance rates. Areas with sparse population are shown to have lower incidents of collision claims than densely populated cities. The graphic below illustrates how location impacts auto insurance rates.

The examples above demonstrate why all drivers should compare rates for a specific zip code, rather than using average rates.

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

Additional Rate Details

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

• The best discount rate is $578
• Drivers who choose higher $1,000 deductibles will pay about $98 annually
• The estimated price for a good driver age 40 using $500 deductibles is $968
• Using low deductibles for comprehensive and collision insurance bumps up the cost to $1,156
• High-risk insureds who are prone to accidents and violations could pay at least $2,086
• Policy cost that insures a teenage driver can be $3,798 a year

Insurance rates for a Mazda MX-5 Miata also range considerably based on the trim level and model year, your age and driving habits, and deductibles and policy limits.

If you have a few points on your driving record or you caused an accident, you may be forking out at least $1,100 to $1,600 extra every year, depending on your age. Insurance for high-risk drivers can cost around 42% to 126% more than a normal policy. View High Risk Driver Rates

More mature drivers with a clean driving record and higher comprehensive and collision deductibles may only pay around $900 per year on average, or $75 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records can expect to pay as much as $3,700 a year. View Rates by Age

Your home state makes a big difference in Mazda MX-5 Miata insurance rates. A 40-year-old driver could pay as low as $700 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $1,310 on average in Florida, Michigan, and New York.

Using high physical damage deductibles could save up to $290 a year, whereas increasing liability limits will increase rates. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $362 more per 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 Cheaper Mazda MX-5 Miata Insurance

Finding cheaper rates on auto insurance not only requires having a good driving record, but also having above-average credit, not filing small claims, and dropping full coverage on older vehicles. Compare prices at least every other year by quoting rates from direct companies, and also from your local independent and exclusive agents.

The next list is a condensed summary of the car insurance concepts touched on above.

• Drivers with multiple at-fault accidents may pay on average $1,120 more every year to buy Mazda MX-5 Miata insurance
• You may be able to save up to $110 per year just by quoting online in advance
• Increasing comprehensive and collision deductibles can save approximately $275 each year
• Consumers who may need increased levels of liability coverage will pay an extra $440 every year to go from a 30/60 limit to the 250/500 level