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 $1,312 yearly to insure a Miata, which equates to around $109 a month. Collision coverage costs approximately $582 a year, liability and medical payments insurance is around $360, and the remaining comprehensive will cost around $370.

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 May 19, 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$2,150$179
$500$2,566$214
$250$3,004$250
30$1,000$1,152$96
$500$1,390$116
$250$1,634$136
40$1,000$1,096$91
$500$1,312$109
$250$1,538$128
50$1,000$1,000$83
$500$1,194$100
$250$1,394$116
60$1,000$978$82
$500$1,170$98
$250$1,366$114

What is the cheapest Mazda Miata insurance?

With Mazda MX-5 Miata insurance cost ranging from $1,244 to $1,352 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 $1,306 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 $1,306,  $1,352, and $1,352 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$1,244$622$104
Club Convertible$1,306$653$109
Grand Touring Convertible$1,306$653$109
RF Club Convertible$1,352$676$113
RF Grand Touring Convertible$1,352$676$113

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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 May 19, 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 $1,312 per year to insure and the category average cost is $2,135 annually, a difference of $823 per year.

When compared to other sports cars, insurance for a Mazda Miata costs $284 less per year than the Ford Mustang, $840 less than the Dodge Challenger, $784 less than the Chevrolet Camaro, and $410 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 May 19, 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$1,312--
2Ford Mustang$1,596$284
3BMW Z4$1,628$316
4Subaru WRX$1,722$410
5Toyota GR86$1,764$452
6Toyota GR Supra$1,804$492
7Audi TT$1,844$532
8Subaru BRZ$1,898$586
9Chevrolet Corvette$1,908$596
10BMW M3$1,960$648
11Porsche 718$2,044$732
12Chevrolet Camaro$2,096$784
13Lexus RC F$2,138$826
14Dodge Challenger$2,152$840
15Mercedes-Benz AMG GT53$2,186$874
16Jaguar F-Type$2,286$974
17Porsche Taycan$2,346$1,034
18Porsche 911$2,402$1,090
19BMW M4$2,410$1,098
20Lexus LC 500$2,494$1,182
21Acura NSX$2,924$1,612
22Audi R8$3,052$1,740
23Nissan GT-R$3,132$1,820

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 $488 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 $738 for a 60-year-old driver rated on a 2013 Mazda MX-5 Miata to the highest rate of $2,566 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$2,566$1,390$1,312$1,194$1,170
2021$2,502$1,350$1,280$1,160$1,140
2020$2,456$1,322$1,252$1,138$1,118
2019$2,260$1,222$1,150$1,048$1,028
2018$2,158$1,164$1,100$1,000$982
2017$2,144$1,154$1,090$994$974
2016$2,150$1,146$1,092$994$974
2015$1,590$874$822$748$732
2014$1,900$1,004$962$878$862
2013$1,614$864$824$752$738

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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 February 20, 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 February 20, 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$4,504$4,232$3,964$3,608
Female$3,960$3,750$3,440$3,204

Average rates for full coverage Miata car insurance range from $3,204 for a 19-year-old female driver up to $4,504 for a 16-year-old male driver.

Miata insurance for an 18-year-old driver costs $3,964 for male drivers and $3,440 for female drivers, while the cost for 17-year-olds is $4,232 for males and $3,750 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 $328 per year.
  • Avoiding accidents saves money. At-fault accidents raise insurance rates, potentially by an additional $586 per year for a 30-year-old driver and as much as $384 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 ($1,312 per year) and a 20-year-old driver ($2,566 per year) is $1,254, 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 $206 per year versus a decent credit rating of 670-739. Conversely, a below average credit rating could cost around $239 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 $2,566 per year, while a 20-year-old female driver will pay an average of $1,918, a difference of $648 per year in the women’s favor by a large margin. But by age 50, the cost for men is $1,194 and the rate for females is $1,168, a difference of only $26.
  • Car insurance is cheaper with higher deductibles. Raising your policy deductibles from $500 to $1,000 could save around $216 per year for a 40-year-old driver and $416 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 $438 per year for a 20-year-old driver.