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 around $176, collision costs $254, and liability costs around $402. Liability-only insurance costs as low as $446 a year, with high-risk driver insurance costing $2,086 or more. 16-year-old drivers cost the most to insure at $3,798 a year or more.

Average premium for full coverage: $968

Policy rates for type of insurance:

Price estimates include $500 comprehensive and collision deductibles, 30/60 liability coverage, and includes UM/UIM and medical coverage. Prices are averaged for all 50 U.S. states and for different MX-5 Miata trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live can make a big difference on the price of insurance. Areas with sparse population are shown to have a lower frequency of comprehensive and collision claims than congested cities.

The price range example below illustrates how location helps determine auto insurance rates.

The examples above highlight why anyone shopping for car insurance should compare prices for a specific zip code and risk profile, instead of making a decision based on rate averages.

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

Rates by State, City, and Model

The chart below breaks down estimated Mazda MX-5 Miata insurance rates for additional coverage choices and driver risks.

• The best full coverage rate is $578
• Using higher $1,000 deductibles will save about $98 every year
• The average rate for a good driver age 40 using $500 deductibles is $968
• Buying more expensive low deductibles for physical damage coverage will cost an extra $188 annually
• High-risk insureds with multiple tickets or accidents could pay at least $2,086 or more
• Policy cost for full coverage for a 16-year-old driver with full coverage can be $3,798 or more

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

An older driver with a good driving record and high deductibles may pay as low as $900 a year, or $75 per month, for full coverage. Rates are highest for teenagers, where even good drivers will have to pay as much as $3,700 a year. View Rates by Age

Your home state has a huge impact on Mazda MX-5 Miata insurance prices. A driver around age 40 might see rates as low as $740 a year in states like Missouri, New Hampshire, and Vermont, or at least $1,380 on average in Michigan, New York, and Louisiana.

Opting for high physical damage deductibles could cut rates by as much as $290 annually, while increasing your policy's liability limits will increase rates. Changing from a 50/100 limit to a 250/500 limit will raise rates by up to $362 extra every 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 least $1,100 to $1,600 in extra premium every year, depending on your age. High-risk driver insurance can be from 42% to 126% more than the average rate. View High Risk Driver Rates

Because rates have so much variability, the best way to figure out your exact price is to compare rates from multiple companies. Each insurance company utilizes a different rate formula, and quoted rates will be varied from one company to the next.

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 insurance for a Mazda MX-5 Miata requires having a decent driving record, having good credit, paying for small claims out-of-pocket, and maximizing policy discounts. Invest time comparing rates every year by obtaining price quotes from direct car insurance companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.

The following items are a condensed summary of the coverage data covered in the charts and tables above.

• You may be able to save up to $110 per year simply by shopping early and online
• Increasing comprehensive and collision deductibles can save around $275 each year
• 16 to 18-year-old drivers are expensive to insure, with premiums being up to $317 each month if they have full coverage
• Drivers considered higher risk with multiple at-fault accidents pay on average $1,120 more every year than a driver with a clean driving record