Mazda Miata Insurance Cost [2023 Rates + Comparisons]

How much will it cost to insure a Mazda MX-5 Miata?

We surveyed average insurance prices from the cheapest Sport Convertible trim to the higher cost RF Club Convertible model to look at how the MX-5 Miata ranks against the sports car segment.

Start a Free QuoteCompare Mazda MX-5 Miata car insurance quotes and save on your next policy.

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.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average insurance cost for a 2023 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 December 30, 2022
Mazda Miata Car Insurance Rates
2023 Mazda MX-5 Miata Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$2,710$226
$500$3,212$268
$250$3,744$312
30$1,000$1,436$120
$500$1,722$144
$250$2,018$168
40$1,000$1,370$114
$500$1,630$136
$250$1,900$158
50$1,000$1,250$104
$500$1,484$124
$250$1,728$144
60$1,000$1,226$102
$500$1,454$121
$250$1,696$141

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.

2023 Mazda MX-5 Miata Insurance Cost by 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

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 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 February 5, 2023
Mazda MX-5 Miata Insurance Cost by Trim Level

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.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 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 December 29, 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$1,630--
2Audi TT$1,828$198
3Ford Mustang$1,914$284
4BMW Z4$1,928$298
5Subaru WRX$1,948$318
6Nissan Z$1,978$348
7Toyota GR Supra$2,010$380
8Toyota GR86$2,034$404
9BMW M2$2,036$406
10Subaru BRZ$2,128$498
11Chevrolet Corvette$2,176$546
12BMW M3$2,224$594
13Lexus RC F$2,270$640
14Porsche 718$2,272$642
15Chevrolet Camaro$2,310$680
16Mercedes-Benz AMG GT53$2,448$818
17Jaguar F-Type$2,534$904
18Porsche Taycan$2,590$960
19BMW M4$2,622$992
20Lexus LC 500$2,652$1,022
21Dodge Challenger$2,660$1,030
22Porsche 911$2,890$1,260
23Acura NSX$3,268$1,638
24Audi R8$3,378$1,748
25Mercedes-Benz SL 55$3,382$1,752
26Mercedes-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.

Mazda MX-5 Miata Insurance Cost by Model Year
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

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates for each driver age group are for a 12-month period and assume a 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 December 30, 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 2023 Mazda Miata.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Teenage driver rates are for a 2023 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 December 30, 2022
Mazda Miata Insurance Rates for Teenage Drivers
Mazda MX-5 Miata Insurance Cost for Teenage Drivers
Gender Driver Age 16 Age 17 Age 18 Age 19
Male$5,720$5,358$5,012$4,546
Female$5,034$4,756$4,348$4,038

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.