Mazda Miata Insurance
And how to get low premiums with excellent coverage
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Rachel Morey is a journalist specializing in making complicated personal finance and insurance subjects easy to understand. She has been writing professionally for nearly a decade and has projects in print, broadcasting, and online. A native Iowan, Rachel has a special fondness for the open roads of rural America.
The Mazda Miata, or MX-5, is one of the best-selling small vehicles in the United States. This fun-to-drive car requires the right types and amounts of auto insurance.
Many factors contribute to your auto insurance premium calculations. It's crucial to shop around, and using an independent insurance agent is the best way to get multiple quotes with a single point of contact. Not sure where to find an independent insurance agent?
TrustedChoice.com has a find-an-agent tool that can match you with a local independent insurance agent who will walk you through your options and help you find the best possible coverage for your Mazda Miata.
What Auto Insurance Policies Do You Need for Your Mazda Miata?
Bodily injury liability: In many states, you must carry a minimum amount of bodily injury liability. This coverage pays for the cost of medical care and recovery if you cause an accident and the other party is injured.
Property damage liability: Property damage liability is also required in many states. This policy pays for damage to someone else's property resulting from an accident you caused.
Medical payments/Personal injury protection: Medical payments insurance and personal injury protection isn't required or even available in every state. Talk with your agent about the requirements and the pros and cons of this coverage. This coverage pays for costs of physical recovery for you and your passengers after an accident, no matter who is at fault.
Uninsured motorist coverage: Not every driver has enough insurance coverage. Many people choose to skip liability insurance to save money, even if doing so is illegal. Uninsured and underinsured motorist coverage offers financial protection if you are in an accident that is the fault of an uninsured driver.
Optional Coverage
Collision: Collision insurance coverage pays to repair or replace your Mazda if you are in a crash with another car. This policy is part of "full coverage" insurance, so it may not be right for every Mazda owner. Your lender may require you to carry collision insurance coverage on your car if you have a loan or lease.
Comprehensive: If you are in an accident caused by hitting an animal, your Mazda is hit by a falling object, or you are the victim of auto theft, you'll need comprehensive insurance coverage to get your repair bill paid for or your car replaced. This coverage may also be required by your lender.
Glass coverage: This inexpensive optional policy pays to replace your Mazda's glass no matter the reason for the breakage. This zero-deductible policy costs just a few dollars per month.
Gap insurance: You may need gap insurance if you owe more on your loan or lease than your Mazda's fair market value. Gap insurance handles the "gap" between what you owe and the amount the insurance company pays.
What Affects the Cost of Insurance for Your Mazda Miata?
| Annual mileage |
| If you drive more than 10,000 to 15,000 miles yearly, expect to pay slightly higher premiums for auto insurance on your Malibu. |
| Your driving record |
| With a clean driving record, you'll pay a lower insurance rate than drivers with at-fault accidents or moving violations. |
| The value of your vehicle |
| A vehicle's MSRP weighs heavily on the overall cost to insure it. For most insurance companies, the cost of the vehicle is the primary consideration when issuing rate quotes. |
Average Mazda Miata Insurance Costs
The average 40-year-old Mazda Miata driver with full coverage and a $500 deductible pays $1,202 annually for full coverage auto insurance including collision and comprehensive coverage. Liability-only insurance rates are $316 per year on average. Teen drivers pay average rates of $4,390 per year. Your rates will vary from these averages, however. Your independent agent can help you choose an insurance company that offers the ideal combination of coverage and low premiums.
The Safety of Your Mazda Miata
Driving a Mazda Miata with advanced safety features like crash mitigation will help reduce the amount of money you pay for auto insurance.
Your agent can help you get rate quotes if you are shopping for a Mazda Miata. A newer model may cost more, but safety features and ratings could help you get lower insurance rates. Here are some of the safety features available with newer Mazda Miata vehicles:
Interior
- Driver airbag
- Passenger airbag
- Rear airbag
- Side head air bag
- Rear head air bag
- Side air bag
- Rear body air bag
Exterior
- 4-wheel ABS
- 4-wheel disc brakes brake assist
- Electronic stability control
- Rollover protection system
- Traction control
Upgrading to the GT model means you'll also get blind-spot monitoring, rear cross-traffic alert, and lane-departure warning system, all of which could help lower your car insurance premium.
How Your Driving Record Affects Your Mazda Miata Insurance
High-risk Miata drivers pay more for auto insurance.
Here are the average rates you should expect if you have two speeding tickets and one at-fault accident on your driving record.
| Rates by age: | |
| 16 | $6,268 |
| 20 | $4,366 |
| 30 | $2,642 |
| 40 | $2,582 |
| 50 | $2,458 |
| 60 | $2,434 |
If you require SR-22 (high risk) filing, expect an average surcharge of $164 for a high-risk driver. Your agent can help you choose the right insurance company if you are classified as a high-risk driver. They have access to options that you can't find with a generic search engine online.
Additional Factors that Affect Your Mazda Miata Insurance Premiums
- Safety features like anti-theft devices
- Age
- Gender
- Deductible
- Credit
Average Cost to Insure a Mazda Miata
Average annual Mazda Miata full-coverage auto insurance policy premiums
| Teen drivers | High-risk drivers | Average rate | Rate with possible discounts |
| $4,390 | $2,582 | $1,202 | $696 |
| Top three most expensive states for Mazda Miata insurance | |
| Michigan, New York, Florida | $1,620 |
| Top three most affordable states for Mazda Miata insurance | |
| Vermont, Wisconsin, and North Carolina | $790 |
Top Independent Insurance Carriers That Insure the Mazda Miata
According to a recent US Independent Insurance Agent Satisfaction Study by JD Power, the following companies provide excellent service to their insurance customers.
- Progressive
- Safeco
- Travelers
- Auto-Owners Insurance
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Our independent agents shop around to find you the best coverage.
Get a Mazda Miata Quote
When you contact a local independent insurance agent, you'll have immediate access to their knowledge and relationships with insurance companies. Your agent can help you get the best possible rates on insurance for your Mazda Miata without compromising coverage. Reach out to an agent now through the TrustedChoice.com find-an-agent tool.
IIHS, Consumer Reports, Quote Inspector, iii.org, JD Power, Car and Driver