Mazda MX-5 Miata Insurance Rates
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Michelle Robbins
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Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
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UPDATED: May 9, 2024
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Estimated auto insurance rates for a Mazda MX-5 Miata are $938 annually including full coverage. Comprehensive costs around $164 a year, collision insurance costs $236, and liability is $402. Liability-only coverage costs around $446 a year, and high-risk coverage costs around $2,020. 16-year-old drivers pay the most at up to $3,708 a year.
Average premium for full coverage: $938
Premium estimates for type of coverage:
Prices are based on $500 physical damage insurance deductibles, minimum liability limits, and includes both medical and UM/UIM coverage. Rates include averaging for all 50 U.S. states and MX-5 Miata trim levels.
Insurance Price Range by Risk and Coverage
Using a middle-aged driver as an example, insurance rates for a Mazda MX-5 Miata range from as cheap as $446 for basic liability insurance to a high of $2,020 for high-risk insurance.
Insurance Price Range by Location
Choosing to live in a large city can make a big difference on the price of insurance. Areas with sparse population are statistically proven to have fewer comprehensive and collision claims than congested cities. The diagram below illustrates how where you live affects auto insurance rates.
These rate differences highlight why it is important to compare rates quotes for a specific zip code and their own personal driving habits, instead of making a decision based 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 additional coverage choices and driver risks.
- The best full coverage rate is $563
- Raising to $1,000 deductibles will save about $846 every year
- The estimated rate for a 40-year-old good driver using $500 deductibles is $938
- Buying low $100 deductibles will cost $1,112
- Drivers with multiple tickets or accidents could pay at least $2,020
- An auto insurance policy with full coverage for a 16-year-old driver can be $3,708
Insurance prices for a Mazda MX-5 Miata also have a wide range based on the model of your MX-5 Miata, your driving characteristics, and deductibles and policy limits.
Older drivers with a clean driving record and high physical damage deductibles may pay as low as $900 every 12 months on average, or $75 per month, for full coverage. Prices are highest for drivers in their teens, 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 violations or you caused a few accidents, you are likely paying at least $1,100 to $1,600 extra annually, depending on your age. A high-risk auto insurance policy is expensive and can cost from 43% to 131% more than the average rate. View High Risk Driver Rates
Opting for high physical damage deductibles can reduce prices by up to $270 annually, while buying higher liability limits will increase prices. Changing from a 50/100 bodily injury limit to a 250/500 limit will cost up to $362 more per year. View Rates by Deductible or Liability Limit
Where you choose to live also has a big influence on Mazda MX-5 Miata insurance prices. A middle-age driver might find prices as low as $720 a year in states like Missouri, New Hampshire, and Vermont, or at least $1,340 on average in Michigan, New York, and Louisiana.
| 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% |
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 Buy Affordable Mazda MX-5 Miata Insurance
Finding better rates on insurance for a Mazda MX-5 Miata consists of being a low-risk driver, having a good credit history, refrain from filing small claims, and dropping full coverage on older vehicles. Take the time to comparison shop every couple of years by getting rate quotes from direct car insurance companies, and also from your local independent and exclusive agents.
The items below are a brief review of the material that was touched on in the above illustrations.
- Insureds who may need more liability coverage will pay around $440 per year to raise from 30/60 bodily injury limits to higher 250/500 limits
- Teen drivers pay higher prices, with the cost nearing $309 per month including comprehensive and collision insurance
- Drivers considered higher risk with DUI or reckless driving convictions may pay on average $1,080 more every year to insure their MX-5 Miata
- Increasing policy deductibles could save up to $275 each year
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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