- Mazda Miata insurance rates average $1,754 per year or around $146 per month, depending on the trim level.
- The cheapest MX-5 Miata to insure is the Sport Convertible model at an estimated $1,644 per year. The most expensive is the RF Club Coupe at $1,850 annually.
- The MX-5 Miata ranks first out of 23 vehicles in the 2024 sports car class for insurance affordability.
How much does Mazda Miata insurance cost?
The average driver should plan on paying around $1,754 yearly to insure a Miata, which equates to around $146 a month. Collision coverage costs approximately $776 a year, liability and medical payments insurance is around $502, and the remaining comprehensive will cost around $476.
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 $1,644 to $1,850 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 $1,728 per year. Expect to pay a minimum $137 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 Coupe, and the RF Club Coupe trim levels at $1,754, $1,802, and $1,850 per year, respectively.
Average annual and semi-annual Miata insurance rates are shown in the table below, plus a monthly budget estimate, for each 2024 model year trim level.
| 2024 Mazda MX-5 Miata Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Sport Convertible | $1,644 | $137 |
| Club Convertible | $1,728 | $144 |
| Grand Touring Convertible | $1,754 | $146 |
| RF Grand Touring Coupe | $1,802 | $150 |
| RF Club Coupe | $1,850 | $154 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Updated February 23, 2024
How does Mazda Miata car insurance cost rank?
The Mazda MX-5 Miata ranks first out of 23 comparison vehicles in the 2024 sports car segment. The MX-5 Miata costs an average of $1,754 per year to insure and the category average cost is $2,611 annually, a difference of $857 per year.
When compared to other sports cars, insurance for a Mazda Miata costs $690 less per year than the Porsche 718, $332 less per year than the Ford Mustang, and $518 less per year than the Subaru BRZ.
The chart below shows how 2024 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.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Mazda MX-5 Miata | $1,754 | -- |
| 2 | Toyota GR86 | $1,998 | $244 |
| 3 | Ford Mustang | $2,086 | $332 |
| 4 | BMW Z4 | $2,096 | $342 |
| 5 | Subaru WRX | $2,130 | $376 |
| 6 | Toyota GR Supra | $2,132 | $378 |
| 7 | BMW M2 | $2,196 | $442 |
| 8 | Nissan Z | $2,200 | $446 |
| 9 | Lexus RC F | $2,244 | $490 |
| 10 | Subaru BRZ | $2,272 | $518 |
| 11 | BMW M3 | $2,398 | $644 |
| 12 | Porsche 718 | $2,444 | $690 |
| 13 | Chevrolet Camaro | $2,468 | $714 |
| 14 | Chevrolet Corvette | $2,628 | $874 |
| 15 | Porsche 911 | $2,720 | $966 |
| 16 | BMW M4 | $2,832 | $1,078 |
| 17 | Lexus LC 500 | $2,846 | $1,092 |
| 18 | Jaguar F-Type | $2,994 | $1,240 |
| 19 | Mercedes-Benz AMG GT53 | $3,142 | $1,388 |
| 20 | Porsche Taycan | $3,214 | $1,460 |
| 21 | Mercedes-Benz SL 55 | $3,660 | $1,906 |
| 22 | Nissan GT-R | $3,694 | $1,940 |
| 23 | Mercedes-Benz SL 63 | $3,898 | $2,144 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each vehicle from the 2024 model year. Updated February 23, 2024
What does insurance cost on a used Miata?
Opting for a 2013 Mazda Miata in place of a more expensive 2024 model year could save as much as $868 annually on your insurance bill. Even a 2019 model could save the average driver as much as $462 each year.
The following data table shows average Mazda Miata car insurance rates for a range of driver age groups from 2013 through 2024. Yearly insurance cost ranges from the cheapest rate of $742 for a 60-year-old driver rated on a 2013 Mazda MX-5 Miata to the highest rate of $3,490 for a 20-year-old driving a 2024 model.
| Model Year and Vehicle | Driver Age 20 | Driver Age 40 | Driver Age 60 |
|---|---|---|---|
| 2024 Mazda MX-5 Miata | $3,490 | $1,754 | $1,456 |
| 2023 Mazda MX-5 Miata | $3,398 | $1,704 | $1,414 |
| 2022 Mazda MX-5 Miata | $2,964 | $1,502 | $1,246 |
| 2021 Mazda MX-5 Miata | $2,914 | $1,472 | $1,220 |
| 2020 Mazda MX-5 Miata | $2,824 | $1,428 | $1,186 |
| 2019 Mazda MX-5 Miata | $2,562 | $1,292 | $1,068 |
| 2018 Mazda MX-5 Miata | $2,392 | $1,208 | $1,002 |
| 2017 Mazda MX-5 Miata | $2,344 | $1,186 | $982 |
| 2016 Mazda MX-5 Miata | $2,304 | $1,162 | $970 |
| 2015 Mazda MX-5 Miata | $1,658 | $862 | $716 |
| 2014 Mazda MX-5 Miata | $2,028 | $1,018 | $854 |
| 2013 Mazda MX-5 Miata | $1,740 | $886 | $742 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all Mazda MX-5 Miata trim levels for each model year. Updated February 22, 2024
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 2024 Mazda Miata.
Average rates for full coverage Miata car insurance range from $4,127 for a 19-year-old female driver up to $6,129 for a 16-year-old male driver.
Miata insurance for an 18-year-old driver costs $5,342 for male drivers and $4,930 for female drivers, while the cost for 17-year-olds is $5,943 for males and $5,690 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 $458 per year.
- Avoiding accidents saves money. At-fault accidents raise insurance rates, potentially by an additional $830 per year for a 30-year-old driver and as much as $510 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 ($1,754 per year) and a 20-year-old driver ($3,490 per year) is $1,736, or a savings of 66.2%.
- 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 $275 per year versus a decent credit rating of 670-739. Conversely, a below average credit rating could cost around $319 more per year.
- Gender and age are two big factors. For a 2024 Mazda Miata, a 20-year-old man will pay an average rate of $3,490 per year, while a 20-year-old female driver will pay an average of $2,518, a difference of $972 per year in the women’s favor by a large margin. But by age 50, the cost for men is $1,556 and the rate for females is $1,520, a difference of only $36.
- Car insurance is cheaper with higher deductibles. Raising your policy deductibles from $500 to $1,000 could save around $284 per year for a 40-year-old driver and $548 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 $298 per year for a 40-year-old driver and $578 per year for a 20-year-old driver.