Mazda MX-5 Miata Insurance Rates

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

Average premium for full coverage: $968

Policy rates by type of insurance:

Includes $500 physical damage insurance deductibles, split liability limits of 30/60, and includes both medical and UM/UIM coverage. Prices are averaged for all 50 U.S. states and for all MX-5 Miata models.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a large influence on car insurance rates. Rural areas are shown to have a lower frequency of comprehensive and collision claims than densely populated cities. The example below illustrates the difference between rural and urban areas on car insurance rates.

The examples above highlight why everyone should compare prices based on a specific location and risk profile, rather than using average rates.

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

Rate Comparisons

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

• The best discount rate is $578
• Using higher $1,000 deductibles will save around $98 every year
• The average rate for a good driver age 40 with $500 deductibles is $968
• Using pricier low deductibles for physical damage coverage will cost an extra $188 each year
• Higher-risk drivers who are prone to accidents and violations could pay upwards of $2,086
• Policy cost for full coverage for a teenage driver for full coverage may cost $3,798 or more

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

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

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 $740 a year in states like Missouri, New Hampshire, and Vermont, or be forced to pay as much as $1,380 on average in Michigan, New York, and Louisiana.

Using high physical damage deductibles could cut rates by as much as $290 a year, whereas buying more liability protection will cost you more. Changing from a 50/100 limit to a 250/500 limit will raise rates by up to $362 more per year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you are likely paying at a minimum $1,100 to $1,600 extra every year, depending on your age. Mazda MX-5 Miata insurance for high-risk drivers can be around 42% to 126% 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 Cheapest Mazda MX-5 Miata Insurance

Finding cheaper rates on auto insurance requires being a low-risk driver, maintaining good credit, paying for small claims out-of-pocket, and determing if full coverage is necessary. Set aside time to compare rates at least once a year by requesting rates from direct car insurance companies like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.

The items below are a recap of the primary concepts that were covered above.

• You may be able to save as much as $110 per year just by quoting online well ahead of the renewal date
• Drivers that have major violations or accidents may pay on average $1,120 more each year to insure their MX-5 Miata
• Increasing comprehensive and collision deductibles can save around $275 each year
• Teen drivers pay the highest rates, with premiums being up to $317 each month for full coverage