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: Jun 6, 2023

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How much is it to insure a Mazda MX-5 Miata? The average Mazda MX-5 Miata insurance rates are $100 per month or $1,202 a year. However, many factors impact your Mazda MX-5 insurance costs, like your personal driving record, and the age of your model. 

For example, a 2005 Mazda MX-5 Miata is going to be cheaper to insure than the 2013 Mazda MX-5 Miata price for insurance. Keep reading our Mazda Miata insurance guide to learn how to secure cheap Miata premiums, and to review policy basics, like what is collision insurance and what does it cover

When you’re ready, start comparing Mazda MX-5 Miata insurance rates right away by entering your five-digit  ZIP code into our FREE quote tool.

You have many choices when attempting to insure your Mazda MX-5-Miata. You can buy direct from a local agent or price shop online to compare pricing from a lot of car insurance companies. Shopping for car insurance through online companies is simple to do, in addition you might just save a little.

Comparing car insurance rates direct online can be complicated if you have never used quoting online. Don't let that stop you because comparing prices is actually very simple. Getting cheaper insurance rates is not a difficult process. The only requirement is to invest a few minutes to get quotes online with multiple companies. This is very easy and can be done by visiting this page.

Criteria which help determine your insurance rates

Auto insurance rates for your Mazda MX-5-Miata can be significantly different subject to many criteria. A few of these criteria are:

  • More performance equals higher cost
  • How many accidents you have had
  • Whether you insure your home with the same company
  • Pleasure, commuting or business use can affect rates
  • Young drivers cost more
  • Being married can lower rates
  • Optional coverages like vehicle replacement
  • Claims drive up premiums
  • Maintaining coverage lowers rates
  • Owning a home can lower rates

A final factor that will help determine Mazda MX-5-Miata insurance rates is the model year. A newer vehicle have a higher replacement value in comparison to later models so the payout to repair may end up costing you more. But more recent MX-5-Miata vehicles may have a trim level with safety features including pedestrian detection, a collision avoidance system, and adaptive headlights that may help provide discounts that lower premiums.

Coverage for liability

Mazda MX-5-Miata liability coverage will cover injuries or damage you cause to other's property or people by causing an accident. Liability coverage protects against claims such as funeral expenses, loss of income, and emergency aid. This coverage is usually fairly inexpensive so consider buying as large an amount as possible.

Auto collision coverage

Collision coverage will pay to fix damage to your MX-5-Miata resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Another option is to bump up the deductible to save money on collision insurance.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by your Mazda MX-5-Miata comprehensive insurance. The highest amount a car insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it's not worth carrying full coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage gives you protection when the "other guys" are uninsured or don't have enough coverage. Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills (i.e. ambulance fees, surgery, and doctor visits). The coverages can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage.

As you’ve learned from the above information, your Mazda Miata insurance costs depend on many factors including where you live, your driving record, and even your age. You now know that cheap rates may be harder to find when shopping for Miata insurance for an 18-year-old, or even a driver with a poor record. The average insurance cost for a 16-year-old male is always going to be higher than the rates for older, more experienced drivers.

The age of your model also affects what you’ll pay for car insurance. For example, the 2017 Mazda Miata cost for insurance will be much higher than your average 1993 Mazda Miata insurance rates. 

Regardless of if your Mazda Miata is old or new, shopping around for Mazda MX-5 insurance quotes is the best way to find a cheap Mazda MX-5 insurance group. To secure low-cost Mazda Miata rates, just enter your ZIP code into our FREE tool below.

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What are the safety ratings for the Mazda MX-5 Miata?

Understanding the Mazda MX-5 safety ratings can help you discover car insurance discounts you qualify for. The results can sometimes also reveal areas where your vehicle might be causing your rates to increase. 

However, neither the Insurance Institute for Highway Safety nor the National Highway Traffic Association has performed crash tests on the Mazda MX-5 Miata. 

Fortunately, the 2020 Mazda MX-5 Miata has plenty of decent safety features, which include the following:

  • Rearview camera 
  • Blind-spot monitoring 
  • Rear cross-traffic alert 
  • Lane departure warning
  • Forward collision warning
  • Automatic emergency braking system

Keep in mind that a Mazda Miata that is old may not have as many safety features or hold up as well in a crash. Be sure to look for safety discounts your vehicle might qualify for to help lower your Mazda Miata MX-5 insurance rates.

Mazda MX-5 Miata Compared Against other Vehicles in the Same Class

Comparing the Mazda MX-5 Miata to similar vehicles can help you save money, especially if the Mazda MX-5 Miata has a better insurance loss ratios than other vehicles in its class. 

Officially, the Insurance Institute for Highway Safety classifies the Mazda MX-5 Miata as a mini sports car, which means the cost of Mazda Miata MX-5 liability insurance may be higher. Why? Sports cars are more prone to crashing into other vehicles due to factors like speeding.

To see how Mazda MX-5 Miata costs compare to other sports cars’ rates, take a look at the list below.

If you drive a model that is from 2016 or newer, we’ve got good news. Your Miata has substantially better than average property damage, personal injury, medical, and bodily injury loss ratios than other vehicles. The rates are -52 percent, -36 percent, -41 percent, and -50 percent respectively. The cost of your Mazda Miata MX-5 insurance premiums will reflect these great loss ratios. 

You are now an expert on the Mazda MX-5 Miata insurance rates. Despite being a sports car, this reliable speedster often receives affordable insurance quotes. Ready to see how much a Mazda Miata costs to insure in your area? Enter your ZIP code into our FREE quote comparison tool and start shopping for cheap Miata rates.

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