Mazda MX-5 Miata Insurance Rates

The average insurance prices for a Mazda MX-5 Miata are $938 every 12 months for full coverage insurance. Comprehensive costs approximately $164, collision insurance costs $236, and liability coverage costs around $402. Buying just liability costs as low as $446 a year, and insurance for high-risk drivers 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:

Rates are based on $500 physical damage deductibles, 30/60 split liability limits, and includes uninsured/under-insured motorist coverage. Prices are averaged for all 50 states and for all MX-5 Miata models.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a large influence on the price of auto insurance. Rural locations are shown to have more infrequent physical damage claims than densely populated cities. The example below illustrates the effect of geographic area on auto insurance prices.

The examples above illustrate why everyone should compare prices using their specific location and their own driving history, rather than using average rates.

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

More Rate Information

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

• The best discount rate is $563
• Using higher $1,000 deductibles will save $92 each year
• The average price for a good driver age 40 who chooses $500 deductibles is $938
• Using pricier low deductibles for physical damage coverage increases the price to $1,112
• Higher-risk drivers who are prone to accidents and violations could pay around $2,020
• Policy cost to insure a teenage driver for full coverage can cost $3,708 or more

Insurance rates for a Mazda MX-5 Miata also range considerably based on liability limits and deductibles, your risk profile, and the model of your MX-5 Miata.

Using high physical damage deductibles could cut rates by as much as $270 a year, whereas buying more liability protection will push rates upward. Switching from a 50/100 liability limit to a 250/500 limit will raise rates by up to $362 more per year. View Rates by Deductible or Liability Limit

A more mature driver with a clean driving record and higher deductibles may only pay around $900 a year, or $75 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers can expect to pay in the ballpark of $3,700 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you are probably paying anywhere from $1,100 to $1,600 extra every year, depending on your age. Mazda MX-5 Miata insurance for high-risk drivers can be around 43% to 131% more than a normal policy. View High Risk Driver Rates

Your home state has a huge impact on Mazda MX-5 Miata insurance rates. A driver around age 40 might see rates as low as $610 a year in states like North Carolina, Wisconsin, and Vermont, or be forced to pay as much as $1,270 on average in Florida, New York, and Michigan.

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 Shop for the Best Cheap Mazda MX-5 Miata Insurance

Finding cheaper rates on auto insurance requires being a safe and courteous driver, having good credit, being claim-free, and possibly raising deductibles. Take the time to compare rates at least every other year by requesting quotes from direct insurance companies, and also from local insurance agencies.

Below is a quick review of the car insurance concepts covered in the above illustrations.

• Drivers with a DUI or reckless driving violation may have to pay on average $1,080 more per year for auto insurance
• It is possible to save around $110 per year just by quoting online well ahead of the renewal date
• Increasing comprehensive and collision deductibles could save as much as $275 each year
• Consumers who purchase higher levels of liability will pay an extra $440 annually to increase from a 30/60 limit to a 250/500 level