How Much is Insurance for a Mazda MX-5 Miata?

Average Mazda MX-5 Miata insurance rates cost $1,174 a year, or $98 a month. A liability-only policy costs around $471 a year or $39 each month. Mazda MX-5 Miata insurance costs around $345 less per year than the average vehicle. Good drivers can save up to $484 a year on these costs by earning discounts on their policy.

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Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, All...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insurance...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Oct 30, 2020

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Key takeaways:

  • Full coverage costs around $1,174 a year or $98 each month
  • A liability-only policy costs around $471 a year or $39 each month
  • Highest rates are for teenage drivers at around $4,291 a year or $358 each month
  • Good drivers can save as much as $484 a year by earning policy discounts
  • Mazda MX-5 Miata insurance costs around $345 less per year than the average vehicle

Mazda MX-5 Miata insurance rates are about $345 less per year than the average vehicle with full coverage around $1,174 a year or $98 a month. The highest rates are for teens who will pay around $4,291 a year or $358 a month.

Good drivers can save up to $484 a year in policy discounts by remaining safe and courteous while out on the roadways. Let’s look at Mazda MX-5 Miata insurance rates, insurance loss rates, and more.

You can start comparing quotes for Mazda MX-5 Miata car insurance rates from some of the best car insurance companies by using our free online tool now.

Mazda MX-5 Miata Insurance Cost

The average Mazda MX-5 Miata car insurance rates are $1,174 a year or $98 a month.

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Are Mazda MX-5 Miatas Expensive to Insure?

The chart below details how Mazda MX-5 Miata insurance rates compare to other sports cars like the Audi TTS, Audi R8, and Chevrolet Camaro.

Vehicle Comprehensive Collision Liability Total
Audi TTS $394 $714 $338 $1,582
Audi R8 $594 $1,338 $398 $2,488
Chevrolet Camaro $348 $594 $372 $1,472
Kia Stinger $332 $626 $450 $1,588
Porsche 718 Boxster $444 $952 $338 $1,870
Ford Mustang $348 $718 $420 $1,666
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However, there are a few things you can do to find the cheapest Mazda insurance rates online.

What Impacts the Cost of Mazda MX-5 Miata Insurance?

The Mazda MX-5 Miata trim and model you choose can impact the total price you will pay for Mazda MX-5 Miata insurance coverage.

Age of the Vehicle

Older Mazda MX-5 Miata models generally cost less to insure. For example, car insurance for a 2017 Mazda MX-5 Miata costs $1,174, while 2010 Mazda MX-5 Miata insurance costs are $982, a difference of $192.

Model Year Comprehensive Collision Liability Total
2017 Mazda MX-5 Miata $248 $436 $354 $1,174
2016 Mazda MX-5 Miata $240 $418 $364 $1,158
2015 Mazda MX-5 Miata $226 $404 $376 $1,142
2014 Mazda MX-5 Miata $218 $374 $384 $1,112
2013 Mazda MX-5 Miata $208 $352 $388 $1,084
2012 Mazda MX-5 Miata $200 $316 $390 $1,042
2011 Mazda MX-5 Miata $188 $292 $390 $1,006
2010 Mazda MX-5 Miata $180 $272 $394 $982
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Driver Age

Driver age can have a significant effect on Mazda MX-5 Miata car insurance rates. As an example, a 30-year-old driver pays around $52 more each year for their Mazda MX-5 Miata car insurance than a 40-year-old driver.

Driver Location

Where you live can have a large impact on Mazda MX-5 Miata insurance rates. For example, drivers in New York may pay $716 a year more than drivers in Seattle.

Your Driving Record

Your driving record can have an impact on the cost of Mazda MX-5 Miata car insurance. Teens and drivers in their 20’s see the highest jump in their Mazda MX-5 Miata car insurance with violations on their driving record.

Mazda MX-5 Miata Crash Test Ratings

Poor Mazda MX-5 Miata crash test ratings could mean higher Mazda MX-5 Miata car insurance rates.

Vehicle Tested Overall Frontal Side Rollover
Mazda MX-5 Miata N/R N/R N/R N/R
1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration
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Mazda MX-5 Miata Safety Features

The numerous safety features of the Mazda MX-5 Miata help contribute to lower insurance rates. The 2020 Mazda MX-5 Miata has the following safety features:

  • Rearview camera
  • Blind-spot monitoring
  • Rear cross-traffic alert
  • Lane departure warning
  • Smart City Brake Support

Mazda MX-5 Miata Insurance Loss Probability

The Mazda MX-5 Miata’s insurance loss ratio varies between different coverage types. While some types of insurance loss ratios are higher for the Mazda MX-5 Miata, others are more favorable and lead to lower insurance rates.

Insurance Coverage Category Loss Rate
Collision -24%
Property Damage -39%
Comprehensive -26%
Personal Injury -28%
Medical Payment no data
Bodily Injury no data
Source: Insurance Institute for Highway Safety
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Mazda MX-5 Miata Finance and Insurance Cost

If you are financing a Mazda MX-5 Miata, you will pay more if you purchase Mazda MX-5 Miata auto insurance at the dealership, so be sure to shop around and compare Mazda MX-5 Miata auto insurance quotes from the best companies using our FREE tool below.

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Ways to Save on Mazda MX-5 Miata Insurance

You have more options at your disposal to save money on your Mazda MX-5 Miata auto insurance costs. For example, try taking advantage of the following five strategies to reduce your Mazda MX-5 Miata car insurance rates

  • Purchase a Roadside Assistance Program for Your Mazda MX-5 Miata
  • Get Cheaper Mazda MX-5 Miata Car Insurance Rates as a Full-Time Parent
  • Ask Your Insurance Company About Mazda MX-5 Miata Discounts
  • Provide Your Mazda MX-5 Miata VIN When Requesting Mazda MX-5 Miata Auto Insurance Quotes
  • Don’t Always Pick the Cheapest Mazda MX-5 Miata Insurance Policy

Top Mazda MX-5 Miata Insurance Companies

Who is the top car insurance company for Mazda MX-5 Miata insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering Mazda MX-5 Miata auto insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features that the Mazda MX-5 Miata offers.

Rank Company Volume Market Share
1 State Farm $65,615,190 9.3%
2 GEICO $46,106,971 6.6%
3 Progressive $39,222,879 5.6%
4 Liberty Mutual $35,600,051 5.1%
5 Allstate $35,025,903 5.0%
6 Travelers $28,016,966 4.0%
7 USAA $23,483,080 3.3%
8 Chubb $23,388,385 3.3%
9 Farmers $20,643,559 2.9%
10 Nationwide $18,442,145 2.6%
Source: Insurance Information Institute
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Compare Free Mazda MX-5 Miata Insurance Quotes Online

To start comparing Mazda MX-5 Miata car insurance quotes for free, use our online car insurance comparison tool.

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