Key takeaways
If sports cars are your thing, then the Mazda MX-5 Miata roadster will be on your list! With a starting price of $27,600, it's also pretty affordable for a sports car - but what about insurance costs? You can't afford to skimp on Mazda auto insurance - especially if you care about owning the car for a long time.
On average, Mazda MX-5 Miata insurance will cost $1335 per year, which is lower than the national average of $1635 per year. That makes it a very affordable sports car to insure, ranking much cheaper than other big brands.
Rather than applying to each insurance provider, it is much easier to compare free quotes from multiple providers. Get a free quote for your Mazda in just minutes and compare offers from top auto insurance companies easily using Way.com.
The Mazda MX-5 Miata is a lightweight, two-passenger sports car that can make even the most boring commute into an exhilarating time. Prices for the vehicle start from $27,000 for the base model and can reach as much as $84,000.
However, on the insurance front, things look much better. The Mazda MX-5 Miata is probably the most affordable vehicle to insure in the sports car category.
The average Mazda MX-5 Miata premium across all US states amounts to roughly $1335/year, which is $300 cheaper than the national average premium. It is also a whopping $1831 less than the most expensive sports car to insure - the Nissan GT-R.
| Make/Model | Average Annual Rate |
|---|---|
| Mazda MX-5 Miata | $1,335 |
| Ford Mustang | $1,620 |
| BMW Z4 | $1,654 |
| Subaru WRX | $1,746 |
| Toyota GR86 | $1,788 |
| Toyota GR Supra | $1,830 |
| Audi TT | $1,868 |
| Subaru BRZ | $1,928 |
| Chevrolet Corvette | $1,934 |
| BMW M3 | $1,986 |
| Porsche 718 | $2,076 |
| Chevrolet Camaro | $2,124 |
| Lexus RC F | $2,174 |
| Dodge Challenger | $2,182 |
| Mercedes-Benz AMG GT53 | $2,214 |
| Jaguar F-Type | $2,316 |
| Porsche Taycan | $2,378 |
| Porsche 911 | $2,438 |
| BMW M4 | $2,440 |
| Lexus LC 500 | $2,526 |
| Acura NSX | $2,960 |
| Audi R8 | $3,090 |
| Nissan GT-R | $3,166 |
Though Mazda insurance is affordable, the premiums can vary based on several factors like:
Teens and young adults will be charged higher premiums because they don't have a driving record to check. They will be considered riskier applicants because they could end up involved in more accidents.
A Mazda MX-5 Miata owner in his 20s may be charged as much as $2300/year compared to a 50-year-old who'll have a premium of $1215/year.
Older Mazda MX-5 Miata models will generally cost lesser to insure, because they may have different features, are less likely to be stolen compared to new models, may cost less to repair, and have a lower value overall.
The average auto insurance premium for a 2022 Mazda MX-5 Miata is $1538/year compared to $1290/year for a 2018 model.
| Model Year | Annual Rate | Monthly Rate |
|---|---|---|
| 2022 Mazda MX-5 Miata | $1538 | $128 |
| 2021 Mazda MX-5 Miata | $1498 | $125 |
| 2020 Mazda MX-5 Miata | $1483 | $123 |
| 2019 Mazda MX-5 Miata | $1351 | $112 |
| 2018 Mazda MX-5 Miata | $1290 | $107 |
The Mazda MX-5 Miata has 3 trim levels to choose from - Sport, Club, and Grand Touring.
The Sports Convertible is the cheapest to insure - they will only cost you $1264/year on average. The RF Grand Touring Convertible is the costliest to insure at $1374/year.
| Trim Level | Average Annual Rate | Average Monthly Rate |
|---|---|---|
| Sport Convertible | $1,264 | $116 |
| Club Convertible | $1,328 | $122 |
| Grand Touring Convertible | $1,328 | $122 |
| RF Club Convertible | $1,374 | $126 |
| RF Grand Touring Convertible | $1,374 | $126 |
If you live in a large metropolis, chances are there'll be more accidents or car burglaries. This can influence the premiums offered to you as a Mazda MX-5 Miata owner. Certain ZIP codes can be extremely expensive to insure depending on the crimes rate and possibility of theft/burglary.
The highest Mazda MX-5 Miata premiums are found in Los Angeles and New York.
| City | Average Annual Rate |
|---|---|
| Los Angeles, CA | $2021 |
| New York, NY | $1867 |
| Houston, TX | $1853 |
| Jacksonville, FL | $1715 |
| Philadelphia, PA | $1585 |
| Chicago, IL | $1563 |
| Phoenix, AZ | $1375 |
| Seattle, WA | $1148 |
| Indianapolis, IN | $1012 |
| Columbus, OH | $987 |
Based on the research done by the Way.com team, Allied Insurance offers the cheapest Mazda MX-5 Miata insurance deals averaged across all states, with a premium of $815/year.
| Company | Annual Rate |
|---|---|
| Allied | $815 |
| Nationwide | $1020 |
| Acuity | $1305 |
| Arbella | $1314 |
| Southern Farm Bureau | $1402 |
| Plymouth Rock Insurance | $1424 |
| State Farm | $1454 |
| USAA | $1475 |
The average auto insurance premium for a 30-year-old driver with a recent Mazda MX-5 Miata model is as follows:
One way to reduce your auto insurance premium is by buying a car that has a lot of safety features. The Mazda MX-5 Miata does not disappoint, with features like:
| Insurance Coverage Category | Loss Rate |
|---|---|
| Collision | -22% |
| Property Damage | -36% |
| Comprehensive | -23% |
| Personal Injury | -26% |
| Medical Payment | no data |
| Bodily Injury | no data |
Simply download the Way.com app or head to the Way.com website to start your auto insurance journey and get a free quote in just minutes! Compare offers from more than 150 different insurance providers on our platform, which lets you choose the best policy for your Mazda MX-5 Miata - all in as little as 45 seconds!
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
No, the Mazda MX-5 Miata is the cheapest sports car to insure. Yearly premiums can be as low as $1335 depending on the trim level you choose.
Depending on the trim level of the vehicle, Mazda MX-5 auto insurance can range from $1264-$1764 per year.
Yes, the Mazda MX-5 Miata is the cheapest sports car to insure in its category. It is $1831 cheaper to insure than the most expensive vehicle sports car to insure - the Nissan GT-R.
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