Mazda MX-5 Miata Insurance Rates

Estimated insurance rates for a Mazda MX-5 Miata are $968 a year with full coverage. Comprehensive costs an estimated $176, collision costs $254, and liability is $402. A policy with only liability insurance costs around $446 a year, with a high-risk policy costing around $2,086. 16-year-old drivers pay the most at $3,798 a year or more.

Average premium for full coverage: $968

Premium estimates broken down by type of coverage:

Prices are based on $500 deductibles, split liability limits of 30/60, and includes uninsured motorist and medical coverage. Rates include averaging for all U.S. states and for all MX-5 Miata models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Choosing to live in a large city can make a big difference on car insurance rates. More rural locations are statistically proven to have lower incidents of collision claims than congested cities.

The example below illustrates how geographic area affects insurance prices.

These rate differences demonstrate why everyone should compare rates quotes for a targeted area, instead of making a decision based on rate averages.

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

Additional Rate Information

The chart below details estimated Mazda MX-5 Miata insurance rates for other coverage scenarios.

• The best full coverage rate is $578
• Raising to $1,000 deductibles will save approximately $98 annually
• The estimated price for a 40-year-old good driver who has $500 deductibles is $968
• Buying pricier low deductibles bumps up the cost to $1,156
• Drivers with multiple tickets or accidents could pay up to $2,086 or more
• An auto insurance policy that insures a 16-year-old driver for full coverage can cost as much as $3,798

Car insurance prices for a Mazda MX-5 Miata also have a wide range based on the model of your MX-5 Miata, your age and driving habits, and liability limits and deductibles.

If you have a few violations or you caused an accident, you may be forking out $1,100 to $1,600 extra annually, depending on your age. Mazda MX-5 Miata insurance for high-risk drivers is expensive and can cost from 42% to 126% more than the average rate. View High Risk Driver Rates

A more mature driver with no driving violations and higher comprehensive and collision deductibles may pay as low as $900 every 12 months on average, or $75 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records will be charged at least $3,700 a year. View Rates by Age

Where you choose to live also has a big influence on Mazda MX-5 Miata insurance prices. A middle-age driver might find prices as low as $700 a year in states like Utah, Ohio, and New Hampshire, or at least $1,310 on average in New York, Michigan, and Florida.

Opting for high physical damage deductibles can reduce prices by up to $290 annually, whereas buying more liability protection will increase premiums. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $362 extra every 12 months. View Rates by Deductible or Liability Limit

With such a large range in prices, the best way to find out which insurance company is cheapest is to regularly compare prices from multiple companies. Every auto insurance company utilizes a different rate formula, so rate quotes will be substantially different.

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 Affordable Mazda MX-5 Miata Insurance

Finding better rates on insurance for a Mazda MX-5 Miata consists of not taking risks behind the wheel, having a positive credit history, being claim-free, and not having any coverage lapses. Comparison shop at least once a year by getting rate quotes from direct companies, and also from insurance agencies where you live.

The following is a brief review of the primary concepts that were presented in the illustrations above.

• You may be able to save approximately $110 per year simply by quoting online well ahead of the renewal date
• Drivers considered higher risk with DUI or reckless driving convictions could be forced to pay on average $1,120 more annually for MX-5 Miata insurance
• Increasing policy deductibles can save approximately $275 each year
• Teens have the highest car insurance prices, possibly costing $317 per month if full coverage is purchased