Mazda MX-5 Miata Insurance Rates
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Michelle Robbins
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UPDATED: May 9, 2024
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Average insurance rates for a Mazda MX-5 Miata are $938 a year including full coverage. Comprehensive insurance costs an estimated $164 a year, collision insurance costs $236, and liability insurance costs $402. Buying just liability costs as little as $446 a year, and insurance for high-risk drivers costs $2,020 or more. 16-year-old drivers receive the highest rates at up to $3,708 a year.
Average premium for full coverage: $938
Rate estimates broken down by individual coverage type:
Rates are based on $500 comprehensive and collision deductibles, split liability limits of 30/60, and includes both medical and UM/UIM coverage. Rates are averaged for all 50 U.S. states and MX-5 Miata trim levels.
Price Range by Coverage and Risk
Using a 40-year-old driver as an example, prices range range from as low as $446 for basic liability insurance to a high of $2,020 for coverage for higher-risk drivers.
Price Range by Location
Your location has a significant impact on the price of auto insurance. More rural locations tend to have a lower frequency of comprehensive and collision claims than congested cities. The diagram below illustrates how rural and urban location affects insurance prices.
These examples highlight why it is important to compare rates for a targeted area and risk profile, rather than relying on rate averages.
Use the form below to get customized rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Rate Comparisons
The chart below breaks down average Mazda MX-5 Miata insurance rates for other coverage scenarios.
- The best full coverage rate is $563
- Drivers who choose higher $1,000 deductibles will pay approximately $846 every year
- The average rate for a 40-year-old driver who has $500 deductibles is $938
- Buying low $100 deductibles for comprehensive and collision insurance will cost an extra $174 a year
- High risk drivers with multiple tickets or accidents could pay up to $2,020
- The cost for full coverage for a teen driver can cost as much as $3,708 a year
Auto insurance rates for a Mazda MX-5 Miata can also vary considerably based on your driver profile, the model of your MX-5 Miata, and liability limits and deductibles.
Older drivers with a good driving record and high deductibles could pay as little as $900 per year on average for full coverage. Rates are highest for teen drivers, where even good drivers will have to pay at least $3,700 a year. View Rates by Age
Where you live makes a big difference in Mazda MX-5 Miata insurance rates. A 40-year-old driver could pay as low as $720 a year in states like Vermont, New Hampshire, and Missouri, or at least $1,340 on average in Louisiana, New York, and Michigan.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $848 | -$90 | -9.6% |
| Alaska | $720 | -$218 | -23.2% |
| Arizona | $778 | -$160 | -17.1% |
| Arkansas | $938 | -$0 | 0.0% |
| California | $1,068 | $130 | 13.9% |
| Colorado | $894 | -$44 | -4.7% |
| Connecticut | $962 | $24 | 2.6% |
| Delaware | $1,058 | $120 | 12.8% |
| Florida | $1,170 | $232 | 24.7% |
| Georgia | $866 | -$72 | -7.7% |
| Hawaii | $674 | -$264 | -28.1% |
| Idaho | $634 | -$304 | -32.4% |
| Illinois | $698 | -$240 | -25.6% |
| Indiana | $706 | -$232 | -24.7% |
| Iowa | $632 | -$306 | -32.6% |
| Kansas | $888 | -$50 | -5.3% |
| Kentucky | $1,276 | $338 | 36.0% |
| Louisiana | $1,388 | $450 | 48.0% |
| Maine | $578 | -$360 | -38.4% |
| Maryland | $774 | -$164 | -17.5% |
| Massachusetts | $748 | -$190 | -20.3% |
| Michigan | $1,626 | $688 | 73.3% |
| Minnesota | $784 | -$154 | -16.4% |
| Mississippi | $1,124 | $186 | 19.8% |
| Missouri | $830 | -$108 | -11.5% |
| Montana | $1,006 | $68 | 7.2% |
| Nebraska | $736 | -$202 | -21.5% |
| Nevada | $1,124 | $186 | 19.8% |
| New Hampshire | $676 | -$262 | -27.9% |
| New Jersey | $1,048 | $110 | 11.7% |
| New Mexico | $828 | -$110 | -11.7% |
| New York | $986 | $48 | 5.1% |
| North Carolina | $540 | -$398 | -42.4% |
| North Dakota | $770 | -$168 | -17.9% |
| Ohio | $646 | -$292 | -31.1% |
| Oklahoma | $960 | $22 | 2.3% |
| Oregon | $858 | -$80 | -8.5% |
| Pennsylvania | $894 | -$44 | -4.7% |
| Rhode Island | $1,250 | $312 | 33.3% |
| South Carolina | $850 | -$88 | -9.4% |
| South Dakota | $792 | -$146 | -15.6% |
| Tennessee | $818 | -$120 | -12.8% |
| Texas | $1,128 | $190 | 20.3% |
| Utah | $694 | -$244 | -26.0% |
| Vermont | $640 | -$298 | -31.8% |
| Virginia | $562 | -$376 | -40.1% |
| Washington | $722 | -$216 | -23.0% |
| West Virginia | $858 | -$80 | -8.5% |
| Wisconsin | $646 | -$292 | -31.1% |
| Wyoming | $834 | -$104 | -11.1% |
Opting for high physical damage deductibles could save up to $270 each year, while buying higher liability limits will increase premiums. Changing from a 50/100 limit to a 250/500 limit will cost as much as $362 extra every year. View Rates by Deductible or Liability Limit
If you like to drive fast or tend to cause accidents, you are likely paying $1,100 to $1,600 in extra premium per year, depending on your age. A high-risk auto insurance policy can cost anywhere from 43% to 131% more than the average rate. View High Risk Driver Rates
Insurance Rates by Trim Level and Model Year
| Model and Trim | Annual Premium | Monthly Premium |
|---|---|---|
| Mazda MX-5 Miata Sport 2-Dr Convertible | $914 | $76 |
| Mazda MX-5 Miata Touring 2-Dr Convertible | $938 | $78 |
| Mazda MX-5 Miata Grand Touring 2-Dr Convertible | $962 | $80 |
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.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2024 Mazda MX-5 Miata | $256 | $448 | $338 | $1,178 |
| 2023 Mazda MX-5 Miata | $248 | $436 | $354 | $1,174 |
| 2022 Mazda MX-5 Miata | $240 | $418 | $364 | $1,158 |
| 2021 Mazda MX-5 Miata | $226 | $404 | $376 | $1,142 |
| 2019 Mazda MX-5 Miata | $208 | $352 | $388 | $1,084 |
| 2017 Mazda MX-5 Miata | $188 | $292 | $390 | $1,006 |
| 2015 Mazda MX-5 Miata | $176 | $254 | $402 | $968 |
| 2014 Mazda MX-5 Miata | $164 | $236 | $402 | $938 |
| 2011 Mazda MX-5 Miata | $140 | $178 | $402 | $856 |
Rates are averaged for all Mazda MX-5 Miata models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.
How to Find the Best Cheap Mazda MX-5 Miata Insurance
Saving money on Mazda MX-5 Miata insurance not only requires having a decent driving record, but also having good credit, not filing small claims, and consideration of higher deductibles. Set aside time to shop around at least once a year by getting quotes from direct car insurance companies like GEICO and Progressive, and also from your local independent and exclusive agents.
The following items are a quick review of the primary concepts that were raised in the charts and tables above.
- You may be able to save approximately $110 per year just by quoting early and online
- High-risk drivers with a DUI or reckless driving violation may pay on average $1,080 more annually than a driver with a clean driving record
- Increasing deductibles can save around $275 each year
- 16 to 18-year-old drivers are the costliest to insure, as much as $309 per month if they have full coverage
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $3,708 |
| 20 | $2,146 |
| 30 | $960 |
| 40 | $938 |
| 50 | $860 |
| 60 | $842 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,112 |
| $250 | $1,032 |
| $500 | $938 |
| $1,000 | $846 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $938 |
| 50/100 | $1,042 |
| 100/300 | $1,143 |
| 250/500 | $1,404 |
| 100 CSL | $1,083 |
| 300 CSL | $1,304 |
| 500 CSL | $1,465 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $5,242 |
| 20 | $3,420 |
| 30 | $2,044 |
| 40 | $2,020 |
| 50 | $1,926 |
| 60 | $1,910 |
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
| Discount | Savings |
|---|---|
| Multi-policy | $48 |
| Multi-vehicle | $50 |
| Homeowner | $16 |
| 5-yr Accident Free | $60 |
| 5-yr Claim Free | $59 |
| Paid in Full/EFT | $36 |
| Advance Quote | $42 |
| Online Quote | $64 |
| Total Discounts | $375 |
Discounts are estimated and may not be available from every company or in every state.
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