Mazda MX-5 Miata Insurance Rates

Average insurance prices for a Mazda MX-5 Miata are $982 every 12 months with full coverage. Comprehensive costs an estimated $180 each year, collision costs $272, and liability insurance is $394. A policy with just liability insurance costs around $440 a year, with coverage for high-risk drivers costing around $2,118. Teen drivers receive the highest rates at $3,842 a year or more.

Average premium for full coverage: $982

Rate estimates broken down by individual coverage type:

Rate estimates include $500 deductible amounts, 30/60 split liability limits, and includes additional medical/uninsured motorist coverage. Rates are averaged for all U.S. states and MX-5 Miata models.

Price Range by Coverage and Risk

Price Range by Location

Choosing to live in a large city has a significant impact on car insurance rates. More rural locations tend to have more infrequent collision claims than larger metro areas.

The graphic below illustrates the effect of geographic area on insurance prices.

These examples demonstrate why all drivers should compare rates quotes for a targeted area and their own driving history, rather than relying on price averages.

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

Additional Rate Analysis

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

• The lowest rate with discounts is $585
• Raising to $1,000 deductibles will save approximately $102 annually
• The average price for a 40-year-old driver who has $500 deductibles is $982
• Choosing low deductibles increases the price to $1,182
• Higher-risk drivers with multiple violations and an at-fault accident could pay up to $2,118 or more
• The cost to insure a teen driver can cost as much as $3,842

Insurance rates for a Mazda MX-5 Miata can also vary considerably based on policy deductibles and limits, your driving record, and the model year and trim level.

Choosing high deductibles can reduce rates by up to $310 each year, whereas increasing liability limits will increase premiums. Moving from a 50/100 liability limit to a 250/500 limit will cost as much as $354 more each year. View Rates by Deductible or Liability Limit

More mature drivers with no violations or accidents and higher deductibles could pay as little as $900 every 12 months on average for full coverage. Rates are highest for teen drivers, since even excellent drivers should be prepared to pay at least $3,800 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you may be forking out $1,200 to $1,600 additional per year, depending on your age. Insurance for high-risk drivers is expensive and can cost anywhere from 42% to 136% more than average. View High Risk Driver Rates

Where you live also has a big influence on Mazda MX-5 Miata insurance rates. A middle-age driver might find rates as low as $710 a year in states like Utah, Ohio, and New Hampshire, or as much as $1,330 on average in New York, Michigan, and Florida.

With so much variability in rates, the best way to find out which company is cheapest is to do a rate comparison from as many companies as possible. Every auto insurance company uses a different rate calculation, and rates can be significantly 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 Shop for the Best Mazda MX-5 Miata Insurance

Saving money on Mazda MX-5 Miata insurance consists of having a good driving record, having above-average credit, eliminating unnecessary coverage, and maximizing policy discounts. Take the time to compare rates at least every other year by getting quotes from direct companies like GEICO, Progressive, and Esurance, and also from your local independent and exclusive agents.

The next list is a brief recap of the car insurance concepts covered in the above illustrations.

• High-risk drivers who tend to receive serious violations may pay on average $1,140 more annually to buy Mazda MX-5 Miata insurance
• You may be able to save approximately $110 per year simply by quoting online in advance
• Increasing deductibles could save as much as $300 each year
• Drivers who want increased levels of liability coverage will pay about $430 every year to raise from a minimum limit to a 250/500 level