Mazda Miata Insurance Cost [2022 Rates + Comparisons]

How much is insurance on a Mazda Miata? We compared insurance cost from the Miata Sport up to the RF Grand Touring model to see how prices rank against the competition.

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How much does Mazda Miata insurance cost?

The average driver should plan on paying around $1,322 yearly to insure a Miata, which equates to around $110 a month. Collision coverage costs approximately $586 a year, liability and medical payments insurance is around $362, and the remaining comprehensive will cost around $374.

The chart below details how MX-5 Miata insurance cost varies with differences in driver age and a range of policy deductibles.

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Chart Data Details: Chart shows average insurance cost for a 2022 Mazda MX-5 Miata with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all Mazda MX-5 Miata trim levels.Data last updated on August 23, 2022
Mazda Miata Car Insurance Rates
Mazda MX-5 Miata Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$2,168$181
$500$2,588$216
$250$3,028$252
30$1,000$1,162$97
$500$1,402$117
$250$1,648$137
40$1,000$1,104$92
$500$1,322$110
$250$1,548$129
50$1,000$1,006$84
$500$1,202$100
$250$1,406$117
60$1,000$984$82
$500$1,178$98
$250$1,378$115

What is the cheapest Mazda Miata insurance?

With Mazda MX-5 Miata insurance cost ranging from $1,252 to $1,362 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 $1,316 per year. Expect to pay a minimum $104 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 Club Convertible, and the RF Grand Touring Convertible trim levels at $1,316,  $1,362, and $1,362 per year, respectively.

Average annual and semi-annual Miata insurance rates are shown in the table below, plus a monthly budget estimate, for each 2022 model year trim level.

2022 Mazda MX-5 Miata Insurance Cost by Trim Level
Mazda MX-5 Miata Trim Level Annual Policy 6-month Policy Per Month
Sport Convertible$1,252$626$104
Club Convertible$1,316$658$110
Grand Touring Convertible$1,316$658$110
RF Club Convertible$1,362$681$114
RF Grand Touring Convertible$1,362$681$114

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2022 Mazda MX-5 Miata, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on August 23, 2022
Mazda MX-5 Miata Insurance Cost by Trim Level

How does Mazda Miata car insurance cost rank?

The Mazda MX-5 Miata ranks #1 out of 23 comparison vehicles in the 2022 sports car segment. The MX-5 Miata costs an average of $1,322 per year to insure and the category average cost is $2,152 annually, a difference of $830 per year.

When compared to other sports cars, insurance for a Mazda Miata costs $286 less per year than the Ford Mustang, $848 less than the Dodge Challenger, $790 less than the Chevrolet Camaro, and $412 less than the Subaru WRX.

The chart below shows how 2022 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 23 models in the sports car class.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2022 model year Mazda MX-5 Miata, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all Mazda MX-5 Miata trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on August 23, 2022
Insurance Cost Comparison: Mazda MX-5 Miata vs Top 10 Sports Cars
Mazda MX-5 Miata Insurance Cost Compared to All Sports Cars
Rank Make/Model Insurance Cost Difference
1Mazda MX-5 Miata$1,322--
2Ford Mustang$1,608$286
3BMW Z4$1,642$320
4Subaru WRX$1,734$412
5Toyota GR86$1,776$454
6Toyota GR Supra$1,818$496
7Audi TT$1,856$534
8Subaru BRZ$1,916$594
9Chevrolet Corvette$1,922$600
10BMW M3$1,974$652
11Porsche 718$2,064$742
12Chevrolet Camaro$2,112$790
13Lexus RC F$2,162$840
14Dodge Challenger$2,170$848
15Mercedes-Benz AMG GT53$2,202$880
16Jaguar F-Type$2,304$982
17Porsche Taycan$2,366$1,044
18Porsche 911$2,426$1,104
19BMW M4$2,428$1,106
20Lexus LC 500$2,514$1,192
21Acura NSX$2,948$1,626
22Audi R8$3,078$1,756
23Nissan GT-R$3,154$1,832

What does insurance cost on a used Miata?

Opting for a 2013 Mazda Miata in place of a more expensive 2022 model year could save as much as $492 annually on your insurance bill. Even a 2019 model could save the average driver as much as $162 each year.

The following data table shows average Mazda Miata car insurance rates for a range of driver age groups from 2013 through 2022. Yearly insurance cost ranges from the cheapest rate of $744 for a 60-year-old driver rated on a 2013 Mazda MX-5 Miata to the highest rate of $2,588 for a 20-year-old driving a 2022 model.

Mazda MX-5 Miata Insurance Cost for 2013-2022 Models
Model Year Driver Age 20 Age 30 Age 40 Age 50 Age 60
2022$2,588$1,402$1,322$1,202$1,178
2021$2,522$1,364$1,288$1,170$1,148
2020$2,476$1,334$1,262$1,146$1,126
2019$2,280$1,230$1,160$1,054$1,034
2018$2,176$1,172$1,108$1,008$990
2017$2,162$1,162$1,098$1,000$980
2016$2,168$1,156$1,098$1,002$982
2015$1,602$878$828$752$738
2014$1,916$1,012$968$886$870
2013$1,628$872$830$760$744

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Table Data Details: Average rates assume clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on August 23, 2022
Mazda MX-5 Miata Insurance Cost by Model Year

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 2021 Mazda Miata.

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Chart Data Details: Teenage driver rates are for a 2022 model year Mazda MX-5 Miata with $500 physical damage deductibles. Rates are averaged across all U.S. states and all Mazda MX-5 Miata trim levels.Data last updated on August 23, 2022
Mazda Miata Insurance Rates for Teenage Drivers
Mazda MX-5 Miata Insurance Cost for Teenage Drivers
Teen Driver Gender Age 16 Age 17 Age 18 Age 19
Male$4,542$4,266$3,998$3,638
Female$3,990$3,778$3,466$3,230

Average rates for full coverage Miata car insurance range from $3,230 for a 19-year-old female driver up to $4,542 for a 16-year-old male driver.

Miata insurance for an 18-year-old driver costs $3,998 for male drivers and $3,466 for female drivers, while the cost for 17-year-olds is $4,266 for males and $3,778 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 $330 per year.
  • Avoiding accidents saves money. At-fault accidents raise insurance rates, potentially by an additional $590 per year for a 30-year-old driver and as much as $392 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 ($1,322 per year) and a 20-year-old driver ($2,588 per year) is $1,266, or a savings of 48.9%.
  • 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 $208 per year versus a decent credit rating of 670-739. Conversely, a below average credit rating could cost around $241 more per year.
  • Gender and age are two big factors. For a 2022 Mazda Miata, a 20-year-old man will pay an average rate of $2,588 per year, while a 20-year-old female driver will pay an average of $1,930, a difference of $658 per year in the women’s favor by a large margin. But by age 50, the cost for men is $1,202 and the rate for females is $1,176, a difference of only $26.
  • Car insurance is cheaper with higher deductibles. Raising your policy deductibles from $500 to $1,000 could save around $218 per year for a 40-year-old driver and $420 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 $226 per year for a 40-year-old driver and $440 per year for a 20-year-old driver.