Mazda MX-5 Miata Insurance Rates

Estimated insurance rates for a Mazda MX-5 Miata are $968 a year for full coverage. Comprehensive insurance costs an estimated $176 a year, collision costs $254, and liability insurance is $402. Liability-only insurance costs around $446 a year, with high-risk driver insurance costing $2,086 or more. 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:

Includes $500 comprehensive and collision deductibles, liability limits of 30/60, and includes UM/UIM and medical coverage. Rates include averaging for all states and MX-5 Miata trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Choosing to live in a large city has a significant impact on insurance rates. More rural locations are statistically proven to have lower incidents of accident claims than congested cities.

The diagram below illustrates how location impacts insurance prices.

These rate differences show why it is important to compare rates quotes for a targeted area, rather than relying on rate averages.

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

Rates by State, City, and Model

The chart below shows 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 $870 a year
• The estimated price for a 40-year-old good driver who has $500 deductibles is $968
• Buying low $100 deductibles will cost an additional $188 a year
• Higher-risk drivers with multiple tickets or accidents could pay up to $2,086 or more
• An auto insurance policy that insures a teen driver can cost as much as $3,798

View Chart as Image

Insurance prices for a Mazda MX-5 Miata also have a wide range based on the trim level of your MX-5 Miata, how you drive, and liability limits and deductibles.

If you have a few violations or you caused an accident, you could be paying $1,100 to $1,600 additional annually, depending on your age. A high-risk auto insurance policy is expensive and can cost anywhere from 42% to 126% more than the average rate. View High Risk Driver Rates

Older drivers with no violations or accidents and higher comprehensive and collision deductibles could pay as little 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 should be prepared to pay 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 rates. A middle-age driver might find prices as low as $640 a year in states like Iowa, Maine, and Idaho, or at least $1,380 on average in New York, Louisiana, and Michigan.

View Chart as Image

Opting for high physical damage deductibles can reduce prices by up to $290 each year, while buying higher liability limits will increase premiums. Going from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $362 more each year. View Rates by Deductible or Liability Limit

With such a large range in prices, the only way to know which insurance company is cheapest is to get quotes from as many companies as possible. Every auto insurance company utilizes a different rate formula, and prices 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 the Cheapest Mazda MX-5 Miata Insurance

Finding better rates on Mazda MX-5 Miata insurance consists of avoiding accidents and violations, having a good credit score, not filing small claims, and maximizing policy discounts. Comparison shop once a year by requesting rates from direct carriers, and also from your local independent and exclusive agents.

The list below is a recap of the data that was touched on above.

• Drivers can save approximately $110 per year simply by quoting early and online
• Drivers who want higher liability limits will pay around $440 each year to raise from 30/60 bodily injury limits to the 250/500 level
• Teenagers are expensive to insure, as much as $317 per month if comprehensive and collision insurance is included
• High-risk drivers that have major violations or accidents may pay on average $1,120 more annually for car insurance