Mazda MX-5 Miata Insurance Rates
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UPDATED: May 9, 2024
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The average auto insurance rates for a Mazda MX-5 Miata are $968 annually with full coverage. Comprehensive insurance costs around $176 a year, collision costs $254, and liability coverage costs around $402. Buying just liability costs as low as $446 a year, with insurance for high-risk drivers 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:
Prices include $500 physical damage insurance deductibles, split liability limits of 30/60, and includes both medical and UM/UIM coverage. Prices are averaged for all U.S. states and MX-5 Miata trim levels.
Price Range Variability
For the normal driver, Mazda MX-5 Miata insurance rates go from as cheap as $446 for basic liability insurance to a high of $2,086 for coverage for higher-risk drivers.
Urban vs. Rural Price Range
Where you live has a large influence on insurance rates. Areas with sparse population are shown to have fewer collision claims than congested cities.
The diagram below illustrates how geographic area affects auto insurance rates.
The examples above demonstrate why it is important to compare prices for a specific zip code and their own personal driving habits, rather than using 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 details 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 $870 annually
- The estimated rate for a good driver age 40 using $500 deductibles is $968
- Buying low $100 deductibles for physical damage coverage costs an additional $188 each year
- Higher-risk drivers with multiple tickets or accidents could pay at least $2,086 or more
- Policy cost with full coverage for a teenage driver can be $3,798 or more
Insurance rates for a Mazda MX-5 Miata also range considerably based on the model year and trim level, your driving record, and deductibles and policy limits.
Older drivers with a clean driving record and high physical damage deductibles may only pay around $900 a year, or $75 per month, for full coverage. Rates are highest for teenagers, where even without any violations or accidents they can expect to pay as much as $3,700 a year. View Rates by Age
If you have a few points on your driving record or you caused a few accidents, you may be forking out at least $1,100 to $1,600 extra every year, depending on your age. A high-risk auto insurance policy can be around 42% to 126% more than the average rate. View High Risk Driver Rates
Opting for high physical damage deductibles could cut rates by as much as $290 a year, while buying higher liability limits will increase rates. Moving from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $362 more per year. View Rates by Deductible or Liability Limit
Your home state has a huge impact on Mazda MX-5 Miata insurance rates. A driver around age 40 might see rates as low as $700 a year in states like New Hampshire, Ohio, and Utah, or at least $1,310 on average in Florida, Michigan, and New York.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $876 | -$92 | -9.5% |
| Alaska | $744 | -$224 | -23.1% |
| Arizona | $804 | -$164 | -16.9% |
| Arkansas | $968 | -$0 | 0.0% |
| California | $1,102 | $134 | 13.8% |
| Colorado | $924 | -$44 | -4.5% |
| Connecticut | $994 | $26 | 2.7% |
| Delaware | $1,094 | $126 | 13.0% |
| Florida | $1,208 | $240 | 24.8% |
| Georgia | $896 | -$72 | -7.4% |
| Hawaii | $694 | -$274 | -28.3% |
| Idaho | $656 | -$312 | -32.2% |
| Illinois | $722 | -$246 | -25.4% |
| Indiana | $730 | -$238 | -24.6% |
| Iowa | $652 | -$316 | -32.6% |
| Kansas | $920 | -$48 | -5.0% |
| Kentucky | $1,320 | $352 | 36.4% |
| Louisiana | $1,434 | $466 | 48.1% |
| Maine | $598 | -$370 | -38.2% |
| Maryland | $800 | -$168 | -17.4% |
| Massachusetts | $772 | -$196 | -20.2% |
| Michigan | $1,680 | $712 | 73.6% |
| Minnesota | $812 | -$156 | -16.1% |
| Mississippi | $1,160 | $192 | 19.8% |
| Missouri | $858 | -$110 | -11.4% |
| Montana | $1,040 | $72 | 7.4% |
| Nebraska | $760 | -$208 | -21.5% |
| Nevada | $1,162 | $194 | 20.0% |
| New Hampshire | $698 | -$270 | -27.9% |
| New Jersey | $1,082 | $114 | 11.8% |
| New Mexico | $856 | -$112 | -11.6% |
| New York | $1,020 | $52 | 5.4% |
| North Carolina | $558 | -$410 | -42.4% |
| North Dakota | $794 | -$174 | -18.0% |
| Ohio | $668 | -$300 | -31.0% |
| Oklahoma | $992 | $24 | 2.5% |
| Oregon | $888 | -$80 | -8.3% |
| Pennsylvania | $922 | -$46 | -4.8% |
| Rhode Island | $1,290 | $322 | 33.3% |
| South Carolina | $878 | -$90 | -9.3% |
| South Dakota | $816 | -$152 | -15.7% |
| Tennessee | $846 | -$122 | -12.6% |
| Texas | $1,166 | $198 | 20.5% |
| Utah | $716 | -$252 | -26.0% |
| Vermont | $660 | -$308 | -31.8% |
| Virginia | $580 | -$388 | -40.1% |
| Washington | $746 | -$222 | -22.9% |
| West Virginia | $888 | -$80 | -8.3% |
| Wisconsin | $668 | -$300 | -31.0% |
| Wyoming | $860 | -$108 | -11.2% |
Because rates have so much variability, the best way to find out your exact price is to get quotes and see how they stack up. Each insurance company utilizes a different rate formula, so the rates will be varied between companies.
Insurance Rates by Trim Level and Model Year
| Model and Trim | Annual Premium | Monthly Premium |
|---|---|---|
| Mazda MX-5 Miata Sport 2-Dr Convertible | $944 | $79 |
| Mazda MX-5 Miata Touring 2-Dr Convertible | $968 | $81 |
| Mazda MX-5 Miata Grand Touring 2-Dr Convertible | $994 | $83 |
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 | $268 | $452 | $332 | $1,188 |
| 2023 Mazda MX-5 Miata | $256 | $448 | $338 | $1,178 |
| 2022 Mazda MX-5 Miata | $248 | $436 | $354 | $1,174 |
| 2021 Mazda MX-5 Miata | $240 | $418 | $364 | $1,158 |
| 2019 Mazda MX-5 Miata | $218 | $374 | $384 | $1,112 |
| 2017 Mazda MX-5 Miata | $200 | $316 | $390 | $1,042 |
| 2015 Mazda MX-5 Miata | $180 | $272 | $394 | $982 |
| 2014 Mazda MX-5 Miata | $176 | $254 | $402 | $968 |
| 2011 Mazda MX-5 Miata | $148 | $196 | $402 | $882 |
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 Buy the Right Mazda MX-5 Miata Insurance
Finding cheaper rates on auto insurance requires being a low-risk driver, having a good credit history, not filing small claims, and insuring your home and auto with the same company. Invest the time to compare rates at least once a year by getting rate quotes from direct companies like Progressive, GEICO, and Esurance, and also from local exclusive and independent agents.
The items below are a quick rundown of the primary concepts that were presented in the illustrations above.
- You may be able to save up to $110 per year simply by quoting early and online
- Drivers with reckless driving or DUI convictions may pay on average $1,120 more every year to insure their MX-5 Miata
- Increasing comprehensive and collision deductibles could save up to $275 each year
- Teen drivers pay higher rates, as much as $317 each month including comprehensive and collision insurance
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $3,798 |
| 20 | $2,214 |
| 30 | $992 |
| 40 | $968 |
| 50 | $888 |
| 60 | $872 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,156 |
| $250 | $1,070 |
| $500 | $968 |
| $1,000 | $870 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $968 |
| 50/100 | $1,074 |
| 100/300 | $1,175 |
| 250/500 | $1,436 |
| 100 CSL | $1,115 |
| 300 CSL | $1,336 |
| 500 CSL | $1,497 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $5,376 |
| 20 | $3,526 |
| 30 | $2,112 |
| 40 | $2,086 |
| 50 | $1,990 |
| 60 | $1,972 |
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 | $50 |
| Multi-vehicle | $52 |
| Homeowner | $16 |
| 5-yr Accident Free | $62 |
| 5-yr Claim Free | $61 |
| Paid in Full/EFT | $38 |
| Advance Quote | $44 |
| Online Quote | $67 |
| Total Discounts | $390 |
Discounts are estimated and may not be available from every company or in every state.
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