- Mazda Miata insurance rates average $1,630 per year or around $136 per month, depending on the trim level.
- The cheapest MX-5 Miata to insure is the Sport Convertible model at an estimated $1,528 per year. The most expensive is the RF Club Convertible at $1,718 annually.
- The MX-5 Miata ranks first out of 26 vehicles in the 2023 sports car class for insurance affordability.
How much does Mazda Miata insurance cost?
The average driver should plan on paying around $1,630 yearly to insure a Miata, which equates to around $136 a month. Collision coverage costs approximately $714 a year, liability and medical payments insurance is around $484, and the remaining comprehensive will cost around $432.
The chart below details how MX-5 Miata insurance cost varies with differences in driver age and a range of policy deductibles.
What is the cheapest Mazda Miata insurance?
With Mazda MX-5 Miata insurance cost ranging from $1,528 to $1,718 annually for the average driver, the cheapest model to insure is the Sport Convertible. The next cheapest trim level to insure is the Club Convertible at $1,604 per year. Expect to pay a minimum $127 per month for a policy with full coverage.
At the high end of insurance cost, the three highest cost models to insure are the Mazda Grand Touring Convertible, the RF Grand Touring Convertible, and the RF Club Convertible trim levels at $1,630, $1,672, and $1,718 per year, respectively.
Average annual and semi-annual Miata insurance rates are shown in the table below, plus a monthly budget estimate, for each 2023 model year trim level.
| Mazda MX-5 Miata Trim Level | Annual Policy | Six-Month Policy | Per Month |
|---|---|---|---|
| Sport Convertible | $1,528 | $764 | $127 |
| Club Convertible | $1,604 | $802 | $134 |
| Grand Touring Convertible | $1,630 | $815 | $136 |
| RF Grand Touring Convertible | $1,672 | $836 | $139 |
| RF Club Convertible | $1,718 | $859 | $143 |
How does Mazda Miata car insurance cost rank?
The Mazda MX-5 Miata ranks first out of 26 comparison vehicles in the 2023 sports car segment. The MX-5 Miata costs an average of $1,630 per year to insure and the category average cost is $2,412 annually, a difference of $782 per year.
When compared to other sports cars, insurance for a Mazda Miata costs $284 less per year than the Ford Mustang, $1,030 less than the Dodge Challenger, $680 less than the Chevrolet Camaro, and $318 less than the Subaru WRX.
The chart below shows how 2023 Miata car insurance rates compare to the most popular sports cars in America. In addition to the chart, a more complete table is added after the chart breaking down insurance rankings for all 26 models in the sports car class.
| Rank | Make/Model | Insurance Cost | Difference |
|---|---|---|---|
| 1 | Mazda MX-5 Miata | $1,630 | -- |
| 2 | Audi TT | $1,828 | $198 |
| 3 | Ford Mustang | $1,914 | $284 |
| 4 | BMW Z4 | $1,928 | $298 |
| 5 | Subaru WRX | $1,948 | $318 |
| 6 | Nissan Z | $1,978 | $348 |
| 7 | Toyota GR Supra | $2,010 | $380 |
| 8 | Toyota GR86 | $2,034 | $404 |
| 9 | BMW M2 | $2,036 | $406 |
| 10 | Subaru BRZ | $2,128 | $498 |
| 11 | Chevrolet Corvette | $2,176 | $546 |
| 12 | BMW M3 | $2,224 | $594 |
| 13 | Lexus RC F | $2,270 | $640 |
| 14 | Porsche 718 | $2,272 | $642 |
| 15 | Chevrolet Camaro | $2,310 | $680 |
| 16 | Mercedes-Benz AMG GT53 | $2,448 | $818 |
| 17 | Jaguar F-Type | $2,534 | $904 |
| 18 | Porsche Taycan | $2,590 | $960 |
| 19 | BMW M4 | $2,622 | $992 |
| 20 | Lexus LC 500 | $2,652 | $1,022 |
| 21 | Dodge Challenger | $2,660 | $1,030 |
| 22 | Porsche 911 | $2,890 | $1,260 |
| 23 | Acura NSX | $3,268 | $1,638 |
| 24 | Audi R8 | $3,378 | $1,748 |
| 25 | Mercedes-Benz SL 55 | $3,382 | $1,752 |
| 26 | Mercedes-Benz SL 63 | $3,600 | $1,970 |
What does insurance cost on a used Miata?
Opting for a 2013 Mazda Miata in place of a more expensive 2023 model year could save as much as $742 annually on your insurance bill. Even a 2019 model could save the average driver as much as $378 each year.
The following data table shows average Mazda Miata car insurance rates for a range of driver age groups from 2013 through 2023. Yearly insurance cost ranges from the cheapest rate of $796 for a 60-year-old driver rated on a 2013 Mazda MX-5 Miata to the highest rate of $3,212 for a 20-year-old driving a 2023 model.
| Model Year and Vehicle | Driver Age 20 | Driver Age 40 | Driver Age 60 |
|---|---|---|---|
| 2023 Mazda MX-5 Miata | $3,212 | $1,630 | $1,454 |
| 2022 Mazda MX-5 Miata | $2,806 | $1,432 | $1,278 |
| 2021 Mazda MX-5 Miata | $2,752 | $1,402 | $1,252 |
| 2020 Mazda MX-5 Miata | $2,712 | $1,380 | $1,232 |
| 2019 Mazda MX-5 Miata | $2,462 | $1,252 | $1,118 |
| 2018 Mazda MX-5 Miata | $2,352 | $1,194 | $1,070 |
| 2017 Mazda MX-5 Miata | $2,294 | $1,168 | $1,044 |
| 2016 Mazda MX-5 Miata | $2,330 | $1,180 | $1,056 |
| 2015 Mazda MX-5 Miata | $1,672 | $870 | $774 |
| 2014 Mazda MX-5 Miata | $2,036 | $1,030 | $926 |
| 2013 Mazda MX-5 Miata | $1,742 | $888 | $796 |
Mazda MX-5 Miata Insurance Cost for Teen Drivers
Teenagers are the most expensive age group for car insurance, and the Mazda Miata is no exception. The chart below shows average rates for both male and female teen drivers aged 16 to 19 when rated on a 2023 Mazda Miata.
Average rates for full coverage Miata car insurance range from $4,038 for a 19-year-old female driver up to $5,720 for a 16-year-old male driver.
Miata insurance for an 18-year-old driver costs $5,012 for male drivers and $4,348 for female drivers, while the cost for 17-year-olds is $5,358 for males and $4,756 for females.
Additional Rates and Insights
Some other car insurance rates and policy insights are listed below.
- Obey driving laws to save money. In order to have the cheapest Miata insurance rates, it pays to follow the law. Just a few traffic tickets can raise the price of a policy by as much as $420 per year.
- Avoiding accidents saves money. At-fault accidents raise insurance rates, potentially by an additional $744 per year for a 30-year-old driver and as much as $506 per year for a 50-year-old driver.
- As you get older, rates tend to be cheaper. The difference in Mazda Miata insurance cost between a 40-year-old driver ($1,630 per year) and a 20-year-old driver ($3,212 per year) is $1,582, or a savings of 65.3%.
- Cheaper rates come with better credit scores. In states that have laws allowing a driver’s credit information to be used for pricing purposes, having a high credit score of 800+ could save as much as $256 per year versus a decent credit rating of 670-739. Conversely, a below average credit rating could cost around $297 more per year.
- Gender and age are two big factors. For a 2023 Mazda Miata, a 20-year-old man will pay an average rate of $3,212 per year, while a 20-year-old female driver will pay an average of $2,394, a difference of $818 per year in the women’s favor by a large margin. But by age 50, the cost for men is $1,484 and the rate for females is $1,454, a difference of only $30.
- Car insurance is cheaper with higher deductibles. Raising your policy deductibles from $500 to $1,000 could save around $260 per year for a 40-year-old driver and $502 per year for a 20-year-old driver.
- Low deductibles makes insurance more expensive. Decreasing your deductibles from $500 to $250 could cost an additional $270 per year for a 40-year-old driver and $532 per year for a 20-year-old driver.
