Mazda MX-5 Miata Insurance Rates

U.S. average auto insurance rates for a Mazda MX-5 Miata are $982 annually for full coverage insurance. Comprehensive costs on average $180 a year, collision costs $272, and liability insurance is $394. Buying just liability costs around $440 a year, with insurance for high-risk drivers costing around $2,118. Teenage drivers pay the highest rates at $3,842 a year or more.

Average premium for full coverage: $982

Price estimates by individual coverage:

Estimates include $500 policy deductibles, 30/60 liability limits, and includes both medical and UM/UIM coverage. Estimates are averaged for all 50 states and MX-5 Miata trim levels.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city has a significant impact on insurance rates. Rural areas have fewer physical damage claims than densely populated cities.

The diagram below illustrates the effect of geographic area on car insurance rates.

The ranges above illustrate why it is important to compare rates quotes based on a specific location and their own personal driving habits, rather than relying on average rates.

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

Rate Comparisons

The chart below illustrates estimated Mazda MX-5 Miata insurance rates for different risk profiles and scenarios.

• The best discount rate is $585
• Raising to $1,000 deductibles will save around $880 each year
• The estimated rate for the average middle-age driver with $500 deductibles is $982
• Using low $100 deductibles will cost $1,182
• Higher-risk drivers who are prone to accidents and violations could pay upwards of $2,118 or more
• The price with full coverage for a teen driver may cost $3,842

Insurance prices for a Mazda MX-5 Miata are also quite variable based on the trim level and model year, your risk profile, and policy deductibles and limits.

Older drivers with no violations or accidents and high physical damage deductibles could pay as little as $900 every 12 months on average for full coverage. Prices are much higher for teenage drivers, where even without any violations or accidents they should be prepared to pay upwards of $3,800 a year. View Rates by Age

If you have some driving violations or you caused a few accidents, you are probably paying at a minimum $1,200 to $1,600 additional each year, depending on your age. A high-risk auto insurance policy is expensive and can cost anywhere from 42% to 136% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles can reduce prices by up to $310 each year, while buying higher liability limits will cost you more. Switching from a 50/100 bodily injury limit to a 250/500 limit will increase prices by as much as $354 more each year. View Rates by Deductible or Liability Limit

The state you live in also has a big influence on Mazda MX-5 Miata insurance rates. A middle-age driver might find prices as low as $640 a year in states like Vermont, Wisconsin, and North Carolina, or be forced to pay as much as $1,330 on average in Michigan, New York, and Florida.

Since prices can be so different, the only way to figure out exactly what you will pay is to get quotes from as many companies as possible. Every auto insurance company uses a different method to calculate prices, and prices may be quite different between companies.

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 Buy Low Cost Mazda MX-5 Miata Insurance

Getting lower rates on Mazda MX-5 Miata insurance consists of being safe and accident-free, having good credit, not filing small claims, and insuring your home and auto with the same company. Take the time to compare rates at every policy renewal by getting rate quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.

Below you'll find a review of the data covered in the above illustrations.

• Drivers who require more liability protection will pay an extra $430 annually to raise from a low limit to higher 250/500 limits
• It is possible to save as much as $110 per year simply by quoting early and online
• Increasing physical damage deductibles could save up to $300 each year
• Youthful drivers pay higher prices, as much as $320 a month if they have full coverage