In the United States, the average annual cost of car insurance for a full coverage policy is $1,674, which is based on a 2019 Toyota Camry. However, every driver pays a different rate for insurance depending on their state, age, driving record and the make and model of their vehicle.
For a Mazda Miata, the average cost of car insurance is $1,588 per year for full coverage, according to Bankrate’s 2021 study of quoted annual premiums. Bankrate reviewed quoted premiums for a Mazda MX-5 (with the Miata trim package — commonly known as a “Mazda Miata”) from some of the largest companies and identified several factors that can impact the cost of Miata insurance.
How much does it cost to insure a Mazda Miata?
The national average cost of car insurance is $1,674 per year, but in addition to other factors, your vehicle’s make and model will impact your car insurance rate. Plus, every car insurance company charges a different rate for the same make and model. Here are some of the biggest factors that could affect the cost of car insurance for a Mazda Miata among different insurers:
- Price of parts: Replacement parts for a Mazda Miata are pretty affordable as most components do not need to be imported, which can contribute to reduced costs in the event of a claim. According to Edmunds, Miata owners will spend an average of $631 on repairs over the first five years of ownership.
- Safety features: The Miata has a number of advanced safety features that come standard with newer models, like lane departure alerts and smart city brake support. These features can reduce the chance of an accident, which may contribute to the car’s lower-than-average insurance rates.
Car insurance for a Mazda Miata
The average annual Mazda Miata insurance cost is $1,588 for a full coverage policy and $442 for a minimum coverage policy. However, remember that rates for every driver will vary based on their unique circumstances. These rates can be helpful for the sake of comparison, but you might pay more or less than the average premium.
Insurance on a Mazda Miata is cheaper than the national average rate, based on quoted annual premiums. This could be due to the low cost of repairs, lack of specialty parts and the vehicle’s advanced safety features. These rates are for the base model Miata MX-5, so if you purchase a higher-end Miata Club or Grand Touring model, the cost of insurance may be more expensive.
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Cheapest car insurance companies for Mazda Miatas
If you are looking for affordable Mazda Miata insurance, the rates vary among Bankrate’s reviewed best car insurance companies, which include Amica, Erie, Geico, State Farm and USAA. But keep in mind that while these providers may offer some of the cheapest rates based on our sample driver profile, your exact quote will vary based on your driving history and other factors specific to you.
Average annual premium for full coverage by model
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Mazda Miata features that impact insurance costs
The newer model-year Mazda Miatas come equipped with impressive safety features. Because these features reduce the risk and severity of collisions, vehicle thefts and other claims, insurance premiums may be lower depending on the insurer. Below is a list of some Mazda Miata features that might positively impact the cost of car insurance for this make and model:
- i-Activsense safety technology: New Mazda Miata MX-5 models come with the brand’s signature safety package, which includes adaptive headlights, high beam control, lane departure alerts, smart city brake support and traffic sign recognition.
- Airbags: The Miata has advanced airbag technology, with front and side impact airbags, as well as seatbelt pretensioners that automatically tighten during a collision.
- Anti-lock brakes: Anti-lock brakes are a relatively common safety feature, which allows the vehicle’s wheels to spin more efficiently when turning, and reduces the risk of slipping or skidding.
Other car insurance coverage for a Mazda Miata
Mazda Miata owners are required to carry a minimum amount of car insurance in most states, which typically includes personal liability insurance, as well as personal injury protection (PIP) if you live in one of the no-fault states. Driving without the necessary amount of car insurance can have serious consequences, including license suspension.
In addition to liability insurance, many drivers choose to purchase other types of coverage for greater financial protection. Upgrading to a full coverage policy will provide collision and comprehensive coverage, which pays for your vehicle’s repairs after a covered claim. Other optional endorsements include accident forgiveness, which keeps your rate from increasing after your first accident, and new car replacement, which reimburses you for the full cost of a similar Miata if yours gets totaled.
If you lease or finance your Miata, another coverage to consider is gap insurance. If your car is totaled, gap insurance can help pay the difference between your car’s diminished value and the remaining loan balance. This coverage can sometimes be purchased through your lender.
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers own a 2019 Mazda MX-5 (Miata trim), commute five days a week and drive 12,000 miles annually.
These are sample rates and should only be used for comparative purposes.