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 insurance rates for a Mazda MX-5 Miata are $938 a year including full coverage. Comprehensive insurance costs on average $164 each year, collision insurance costs $236, and liability costs around $402. Liability-only insurance costs as low as $446 a year, and high-risk driver insurance costs $2,020 or more. Teen drivers pay the most at up to $3,708 a year.
Average premium for full coverage: $938
Premium estimates by type of coverage:
Rates are based on $500 comprehensive and collision deductibles, 30/60 liability limits, and includes uninsured motorist and medical coverage. Rates include averaging for all 50 U.S. states and MX-5 Miata models.
Insurance Price Range by Risk and Coverage
Using a 40-year-old driver as an example, insurance rates for a Mazda MX-5 Miata range from as low as $446 for the bare minimum liability coverage to a high rate of $2,020 for a driver required to buy high-risk insurance.
Insurance Price Range by Location
Where you live can make a big difference on car insurance rates. Rural areas are statistically proven to have a lower frequency of comprehensive and collision claims than larger metro areas. The graphic below illustrates how rural and urban location affects car insurance rates.
These rate differences highlight why all drivers should compare prices based on a specific location and risk profile, instead of making a decision based on price 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.
Additional Rate Information
The chart below breaks down average Mazda MX-5 Miata insurance rates for different risk profiles and scenarios.
- The lowest rate with discounts is $563
- Using higher $1,000 deductibles will save around $92 every year
- The average rate for a 40-year-old good driver with $500 deductibles is $938
- Choosing low deductibles for physical damage coverage will cost an extra $174 annually
- High-risk insureds with multiple violations and an at-fault accident could pay upwards of $2,020
- An auto insurance policy for full coverage for a 16-year-old driver may cost $3,708 or more
Insurance prices for a Mazda MX-5 Miata also have a wide range based on your driving characteristics, the model of your MX-5 Miata, and policy deductibles and limits.
More mature drivers with no violations or accidents and high deductibles may pay as low as $900 a year, or $75 per month, for full coverage. Prices are highest for drivers in their teens, where even good drivers should be prepared to pay upwards of $3,700 a year. View Rates by Age
Where you choose to live has a huge impact on Mazda MX-5 Miata insurance prices. A driver around age 40 might see prices as low as $720 a year in states like Missouri, New Hampshire, and Vermont, or as much as $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% |
Choosing high deductibles could cut prices by as much as $270 annually, whereas increasing liability limits will cost you more. Changing from a 50/100 limit to a 250/500 limit will cost up to $362 more each year. View Rates by Deductible or Liability Limit
If you have a few violations or tend to cause accidents, you are likely paying at a minimum $1,100 to $1,600 additional annually, depending on your age. Insurance for high-risk drivers can be from 43% to 131% more than average. 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
Finding better rates on insurance for a Mazda MX-5 Miata requires avoiding accidents and violations, having a good credit history, refrain from filing small claims, and dropping full coverage on older vehicles. Set aside time to shop around at every policy renewal by quoting rates from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local exclusive and independent agents.
The list below is a quick review of the data raised in the charts and tables above.
- Insureds who require higher liability limits will pay about $440 per year to increase from 30/60 bodily injury limits to 250/500 limits
- You may be able to save as much as $110 per year just by quoting online in advance
- Increasing policy deductibles can save around $275 each year
- Teenagers pay higher prices, with the cost nearing $309 per month including comprehensive and collision insurance
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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