Mazda MX-5 Miata Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 9, 2024

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Average insurance rates for a Mazda MX-5 Miata are $982 a year with full coverage. Comprehensive insurance costs approximately $180 each year, collision costs $272, and liability costs around $394. Liability-only coverage costs as low as $440 a year, with high-risk coverage costing $2,118 or more. Teen drivers receive the highest rates at $3,842 a year or more.

Average premium for full coverage: $982

Rate estimates by individual coverage type:

Comprehensive $180
Collision $272
Liability $394

Rates are based on $500 physical damage deductibles, liability coverage up to 30/60, and includes additional medical/uninsured motorist coverage. Rates are averaged for all U.S. states and MX-5 Miata models.

Price Range by Coverage and Risk

Using a 40-year-old driver as an example, prices range go from the low end price of $440 for just the minimum liability insurance to a high rate of $2,118 for a high-risk driver policy.

Liability Only $440
Full Coverage $982
High Risk $2,118

Price Range by Location

Where you live can have significant affects on the price of insurance. Rural locations tend to have lower incidents of collision claims than larger metro areas.

The graphic below illustrates how rural and urban location affects auto insurance prices.

Rural Areas $737
Small Cities $1,031
Large Cities $1,326

These examples demonstrate why all drivers should compare prices using their specific location, instead of using 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 Analysis

The chart below details estimated Mazda MX-5 Miata insurance rates for additional coverage and risk scenarios.

  • The lowest rate with discounts is $585
  • Using higher $1,000 deductibles will save $102 annually
  • The estimated price for a 40-year-old driver who chooses $500 deductibles is $982
  • Choosing low deductibles for physical damage coverage will cost an additional $200 every year
  • Drivers with multiple violations and an at-fault accident could pay around $2,118 or more
  • The cost that insures a teen driver can cost $3,842 or more

Car insurance rates for a Mazda MX-5 Miata can also vary considerably based on the trim level and model year, your age and driving habits, and physical damage deductibles and liability limits.

If you like to drive fast or you caused an accident, you may be forking out anywhere from $1,200 to $1,600 extra per year, depending on your age. Insurance for high-risk drivers can be as much as 42% to 136% more than average. View High Risk Driver Rates

More mature drivers with no driving violations and higher comprehensive and collision deductibles may pay as little as $900 a year for full coverage. Rates are highest for teen drivers, since even teens with perfect driving records will be charged in the ballpark of $3,800 a year. View Rates by Age

Where you live has a huge impact on Mazda MX-5 Miata insurance prices. A driver around age 40 might see rates as low as $710 a year in states like Utah, Ohio, and New Hampshire, or as much as $1,330 on average in New York, Michigan, and Florida.

Mazda MX-5 Miata Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $888 -$94 -9.6%
Alaska $754 -$228 -23.2%
Arizona $816 -$166 -16.9%
Arkansas $982 -$0 0.0%
California $1,122 $140 14.3%
Colorado $936 -$46 -4.7%
Connecticut $1,010 $28 2.9%
Delaware $1,110 $128 13.0%
Florida $1,230 $248 25.3%
Georgia $908 -$74 -7.5%
Hawaii $708 -$274 -27.9%
Idaho $666 -$316 -32.2%
Illinois $732 -$250 -25.5%
Indiana $742 -$240 -24.4%
Iowa $662 -$320 -32.6%
Kansas $934 -$48 -4.9%
Kentucky $1,340 $358 36.5%
Louisiana $1,456 $474 48.3%
Maine $608 -$374 -38.1%
Maryland $812 -$170 -17.3%
Massachusetts $784 -$198 -20.2%
Michigan $1,708 $726 73.9%
Minnesota $824 -$158 -16.1%
Mississippi $1,176 $194 19.8%
Missouri $872 -$110 -11.2%
Montana $1,056 $74 7.5%
Nebraska $772 -$210 -21.4%
Nevada $1,180 $198 20.2%
New Hampshire $708 -$274 -27.9%
New Jersey $1,098 $116 11.8%
New Mexico $870 -$112 -11.4%
New York $1,036 $54 5.5%
North Carolina $568 -$414 -42.2%
North Dakota $808 -$174 -17.7%
Ohio $676 -$306 -31.2%
Oklahoma $1,008 $26 2.6%
Oregon $902 -$80 -8.1%
Pennsylvania $936 -$46 -4.7%
Rhode Island $1,310 $328 33.4%
South Carolina $894 -$88 -9.0%
South Dakota $830 -$152 -15.5%
Tennessee $860 -$122 -12.4%
Texas $1,186 $204 20.8%
Utah $728 -$254 -25.9%
Vermont $672 -$310 -31.6%
Virginia $588 -$394 -40.1%
Washington $758 -$224 -22.8%
West Virginia $902 -$80 -8.1%
Wisconsin $678 -$304 -31.0%
Wyoming $874 -$108 -11.0%

Choosing high deductibles could cut rates by as much as $310 every year, whereas increasing liability limits will push rates upward. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $354 extra every 12 months. View Rates by Deductible or Liability Limit

With so much variability in rates, the best way to find out who has the cheapest auto insurance rates is to do a rate comparison and see which company has the best rate. Each insurance company uses a different rate calculation, so rate quotes can be significantly different.

Insurance Rates by Trim Level and Model Year

Mazda MX-5 Miata Insurance Rates by Model and Trim Level
Model and Trim Annual Premium Monthly Premium
Mazda MX-5 Miata Sport 2-Dr Convertible $956 $80
Mazda MX-5 Miata Touring 2-Dr Convertible $982 $82
Mazda MX-5 Miata Grand Touring 2-Dr Convertible $1,012 $84

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.

Mazda MX-5 Miata Insurance Rates by Model Year
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 Best Cheap Mazda MX-5 Miata Insurance

Saving money on car insurance requires being a safe and courteous driver, having a positive credit history, eliminating unnecessary coverage, and avoiding coverage lapses. Shop around every time your policy renews by getting rate quotes from direct companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.

Below is a quick review of the information raised in the charts and tables above.

  • You may be able to save around $110 per year simply by quoting online in advance
  • Teenage drivers pay the highest auto insurance rates, with premiums as much as $320 per month if full coverage is purchased
  • Increasing deductibles can save approximately $300 each year
  • Higher risk drivers with a DUI or reckless driving violation may have to pay on average $1,140 more per year for auto insurance
  • Policyholders who purchase higher levels of liability will pay about $430 every year to increase from a minimum limit to the 250/500 level

Rates by Driver Age

Mazda MX-5 Miata Insurance Rates by Driver Age
Driver Age Premium
16 $3,842
20 $2,254
30 $1,010
40 $982
50 $902
60 $884

Full coverage, $500 deductibles

Rates by Deductible

Mazda MX-5 Miata Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,182
$250 $1,090
$500 $982
$1,000 $880

Full coverage, driver age 40

Rates by Liability Limit

Mazda MX-5 Miata Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $982
50/100 $1,091
100/300 $1,189
250/500 $1,445
100 CSL $1,130
300 CSL $1,347
500 CSL $1,505

Full coverage, driver age 40

Rates for High Risk Drivers

Mazda MX-5 Miata Insurance Rates for High Risk Drivers
Age Premium
16 $5,438
20 $3,588
30 $2,148
40 $2,118
50 $2,024
60 $2,004

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.

SR-22 Surcharge $133

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $51
Multi-vehicle $52
Homeowner $16
5-yr Accident Free $64
5-yr Claim Free $62
Paid in Full/EFT $39
Advance Quote $45
Online Quote $68
Total Discounts $397
Rate after discounts $585

Discounts are estimated and may not be available from every company or in every state.

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