Mazda MX-5 Miata Insurance Rates
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UPDATED: May 9, 2024
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Estimated insurance rates for a Mazda MX-5 Miata are $914 a year for full coverage. Comprehensive insurance costs an estimated $158 a year, collision costs $214, and liability insurance is $406. Liability-only insurance costs around $450 a year, with high-risk driver insurance costing $1,968 or more. 16-year-old drivers pay the most at $3,634 a year or more.
Average premium for full coverage: $914
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
For the average driver, insurance rates for a Mazda MX-5 Miata go from the low end price of $450 for a discount liability-only rate to a high of $1,968 for a driver that may need high-risk insurance.
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.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
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 $550
- Raising to $1,000 deductibles will save approximately $830 a year
- The estimated price for a 40-year-old good driver who has $500 deductibles is $914
- Buying low $100 deductibles will cost an additional $164 a year
- Higher-risk drivers with multiple tickets or accidents could pay up to $1,968 or more
- An auto insurance policy that insures a teen driver can cost as much as $3,634
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 $1,500 additional annually, depending on your age. A high-risk auto insurance policy is expensive and can cost anywhere from 41% to 133% 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 $3,600 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 $600 a year in states like Iowa, Maine, and Idaho, or at least $1,310 on average in New York, Louisiana, and Michigan.
State | Premium | Compared to U.S. Avg | Percent Difference |
---|---|---|---|
Alabama | $826 | -$88 | -9.6% |
Alaska | $702 | -$212 | -23.2% |
Arizona | $758 | -$156 | -17.1% |
Arkansas | $914 | -$0 | 0.0% |
California | $1,040 | $126 | 13.8% |
Colorado | $872 | -$42 | -4.6% |
Connecticut | $938 | $24 | 2.6% |
Delaware | $1,034 | $120 | 13.1% |
Florida | $1,142 | $228 | 24.9% |
Georgia | $844 | -$70 | -7.7% |
Hawaii | $658 | -$256 | -28.0% |
Idaho | $620 | -$294 | -32.2% |
Illinois | $680 | -$234 | -25.6% |
Indiana | $690 | -$224 | -24.5% |
Iowa | $616 | -$298 | -32.6% |
Kansas | $868 | -$46 | -5.0% |
Kentucky | $1,246 | $332 | 36.3% |
Louisiana | $1,354 | $440 | 48.1% |
Maine | $564 | -$350 | -38.3% |
Maryland | $754 | -$160 | -17.5% |
Massachusetts | $728 | -$186 | -20.4% |
Michigan | $1,586 | $672 | 73.5% |
Minnesota | $766 | -$148 | -16.2% |
Mississippi | $1,096 | $182 | 19.9% |
Missouri | $810 | -$104 | -11.4% |
Montana | $980 | $66 | 7.2% |
Nebraska | $722 | -$192 | -21.0% |
Nevada | $1,096 | $182 | 19.9% |
New Hampshire | $658 | -$256 | -28.0% |
New Jersey | $1,024 | $110 | 12.0% |
New Mexico | $808 | -$106 | -11.6% |
New York | $964 | $50 | 5.5% |
North Carolina | $528 | -$386 | -42.2% |
North Dakota | $750 | -$164 | -17.9% |
Ohio | $630 | -$284 | -31.1% |
Oklahoma | $936 | $22 | 2.4% |
Oregon | $838 | -$76 | -8.3% |
Pennsylvania | $870 | -$44 | -4.8% |
Rhode Island | $1,220 | $306 | 33.5% |
South Carolina | $830 | -$84 | -9.2% |
South Dakota | $772 | -$142 | -15.5% |
Tennessee | $800 | -$114 | -12.5% |
Texas | $1,102 | $188 | 20.6% |
Utah | $676 | -$238 | -26.0% |
Vermont | $624 | -$290 | -31.7% |
Virginia | $548 | -$366 | -40.0% |
Washington | $706 | -$208 | -22.8% |
West Virginia | $838 | -$76 | -8.3% |
Wisconsin | $630 | -$284 | -31.1% |
Wyoming | $816 | -$98 | -10.7% |
Opting for high physical damage deductibles can reduce prices by up to $250 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 $366 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
Model and Trim | Annual Premium | Monthly Premium |
---|---|---|
Mazda MX-5 Miata Sport 2-Dr Convertible | $892 | $74 |
Mazda MX-5 Miata Touring 2-Dr Convertible | $914 | $76 |
Mazda MX-5 Miata Grand Touring 2-Dr Convertible | $936 | $78 |
Rates assume 2011 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 | $280 | $470 | $316 | $1,202 |
2023 Mazda MX-5 Miata | $268 | $452 | $332 | $1,188 |
2022 Mazda MX-5 Miata | $256 | $448 | $338 | $1,178 |
2021 Mazda MX-5 Miata | $248 | $436 | $354 | $1,174 |
2019 Mazda MX-5 Miata | $226 | $404 | $376 | $1,142 |
2017 Mazda MX-5 Miata | $208 | $352 | $388 | $1,084 |
2015 Mazda MX-5 Miata | $188 | $292 | $390 | $1,006 |
2014 Mazda MX-5 Miata | $180 | $272 | $394 | $982 |
2011 Mazda MX-5 Miata | $158 | $214 | $406 | $914 |
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 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 $100 per year simply by quoting early and online
- Drivers who want higher liability limits will pay around $450 each year to raise from 30/60 bodily injury limits to the 250/500 level
- Teenagers are expensive to insure, as much as $303 per month if comprehensive and collision insurance is included
- High-risk drivers that have major violations or accidents may pay on average $1,050 more annually for car insurance
Rate Tables and Charts
Rates by Driver Age
Driver Age | Premium |
---|---|
16 | $3,634 |
20 | $2,088 |
30 | $934 |
40 | $914 |
50 | $840 |
60 | $824 |
Full coverage, $500 deductibles
Rates by Deductible
Deductible | Premium |
---|---|
$100 | $1,078 |
$250 | $1,004 |
$500 | $914 |
$1,000 | $830 |
Full coverage, driver age 40
Rates by Liability Limit
Liability Limit | Premium |
---|---|
30/60 | $914 |
50/100 | $1,017 |
100/300 | $1,119 |
250/500 | $1,383 |
100 CSL | $1,058 |
300 CSL | $1,281 |
500 CSL | $1,444 |
Full coverage, driver age 40
Rates for High Risk Drivers
Age | Premium |
---|---|
16 | $5,130 |
20 | $3,326 |
30 | $1,988 |
40 | $1,968 |
50 | $1,880 |
60 | $1,860 |
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 | $47 |
Multi-vehicle | $49 |
Homeowner | $16 |
5-yr Accident Free | $57 |
5-yr Claim Free | $58 |
Paid in Full/EFT | $34 |
Advance Quote | $41 |
Online Quote | $62 |
Total Discounts | $364 |
Discounts are estimated and may not be available from every company or in every state.
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