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2016 Mazda MX-5 Miata Insurance Rates

Enter your zip code below to view companies that have cheap auto insurance rates.

Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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UPDATED: Nov 19, 2021

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Average insurance rates for a 2016 Mazda MX-5 Miata are $1,112 a year with full coverage. Comprehensive insurance costs around $218, collision costs $374, and liability insurance costs around $384. Buying a liability-only policy costs as low as $432 a year, with high-risk insurance costing $2,406 or more. Teenage drivers receive the highest rates at $4,240 a year or more.

Annual premium for full coverage: $1,112

Rate estimates for 2016 Mazda MX-5 Miata Insurance

Comprehensive $218
Collision $374
Liability $384

Rate data is compiled from all 50 U.S. states and averaged for all 2016 Mazda MX-5 Miata models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.

Price Range by Coverage and Risk

For a driver in their 40's, prices range go from as low as $432 for only liability insurance to a much higher rate of $2,406 for a driver who has had serious violations or accidents.

Liability Only $432
Full Coverage $1,112
High Risk $2,406

View Chart as Image

2016 Mazda MX-5 Miata insurance rates compared
Column chart showing 2016 Mazda MX-5 Miata insurance prices range from $648 to $4,240 for full coverage

These differences demonstrate why anyone shopping for car insurance should compare prices for a specific zip code and risk profile, rather than relying on average rates.

Use the form below to get rates for your location.

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Recommended Companies for Cheap 2016 Mazda MX-5 Miata Insurance

Searching Companies

Are you overwhelmed by the crazy number of insurance companies? You have a lot of company. There are so many companies to choose from that it can quickly become a real hassle to find the perfect company for you.

If you currently have car insurance, you stand a good chance to be able to reduce your rates substantially using these techniques. Buying the lowest cost protection is not that difficult. But vehicle owners do need to learn how the larger insurance companies sell insurance online.

Policy discounts you shouldn’t miss

Insuring your vehicles can cost a lot, but companies offer discounts to help bring down the price. A few discounts will automatically apply at the time you complete a quote, but a few must be specifically requested prior to receiving the credit.

  • Homeowners Pay Less – Being a homeowner can save you money because maintaining a house requires personal responsibility.
  • Clubs and Organizations – Being a member of certain professional organizations may earn a discount on your policy on MX-5 Miata insurance.
  • Anti-theft System – Anti-theft and alarm systems are stolen less frequently and qualify for as much as a 10% discount.
  • Discount for Good Grades – Getting good grades can get you a discount of up to 25%. The discount lasts until age 25.
  • Accident Forgiveness – A handful of insurance companies will forgive one accident before hitting you with a surcharge if you are claim-free for a particular time prior to the accident.
  • Student Driver Training – Make teen driver coverage more affordable by requiring them to take driver’s ed class if it’s offered in school.
  • New Car Discount – Putting insurance coverage on a new car is cheaper because new vehicles have to meet stringent safety requirements.

A little note about advertised discounts, most of the big mark downs will not be given to the overall cost of the policy. Most only reduce the price of certain insurance coverages like medical payments or collision. So when the math indicates all those discounts means the company will pay you, it doesn’t quite work that way. Any qualifying discounts will help reduce your overall premium however.

A partial list of companies that may have these benefits may include but are not limited to:

  • USAA
  • Progressive
  • American Family
  • Esurance
  • Farmers Insurance
  • State Farm

Check with all companies you are considering how you can save money. Savings might not apply everywhere.

Insurance agents can help

When it comes to buying proper insurance coverage, there really is not a perfect coverage plan. Coverage needs to be tailored to your specific needs.

For instance, these questions may help you determine if your situation will benefit from professional help.

  • Is my trailer covered?
  • Can I rent a car in Mexico?
  • Why am I required to get a high-risk car insurance policy?
  • Am I insured when driving a different vehicle?
  • What vehicles should carry emergency assistance coverage?
  • I have a DUI can I still get coverage?
  • Do I need added coverage for expensive stereo equipment?
  • How high should my uninsured/underinsured coverage be in my state?
  • Is my nanny covered when driving my vehicle?
  • What is the ISO rating for a 2016 Mazda MX-5 Miata?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, complete this form.

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

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Car insurance 101

Knowing the specifics of a auto insurance policy can help you determine which coverages you need at the best deductibles and correct limits. Policy terminology can be ambiguous and reading a policy is terribly boring.

Uninsured or underinsured coverage

This coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your 2016 Mazda MX-5 Miata.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Normally the UM/UIM limits do not exceed the liability coverage limits.

Liability insurance

Liability insurance provides protection from damage or injury you incur to other people or property. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 50/100/50 which means a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Occasionally you may see a combined single limit or CSL that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers claims like pain and suffering, loss of income, bail bonds and attorney fees. How much liability should you purchase? That is a personal decision, but you should buy as large an amount as possible.

Comprehensive protection

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as theft, hitting a deer, hitting a bird, rock chips in glass and damage from getting keyed. The highest amount a auto insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Coverage for collisions

This pays for damage to your MX-5 Miata resulting from a collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as crashing into a ditch, sustaining damage from a pot hole, hitting a mailbox and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. Another option is to increase the deductible to bring the cost down.

Medical expense coverage

Med pay and PIP coverage reimburse you for expenses for things like hospital visits, funeral costs and X-ray expenses. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Buy Smart and Save

Consumers switch companies for any number of reasons including policy non-renewal, delays in paying claims, policy cancellation and even unfair underwriting practices. It doesn’t matter why you want to switch choosing a new insurance company is easier than you think.

We just covered a lot of information how to compare 2016 Mazda MX-5 Miata insurance prices online. The most important thing to understand is the more price quotes you have, the higher the chance of saving money. Consumers may even find the most savings is with a smaller regional carrier.

Discount insurance can be sourced online as well as from independent agents, and you should be comparing both so you have a total pricing picture. Some insurance companies don’t offer online price quotes and many times these regional insurance providers only sell through independent insurance agents.

To read more, link through to these articles:

Use our FREE quote tool to compare rates now!

Rates by U.S. City

2016 Mazda MX-5 Miata Insurance Rates by City
City Premium
New York City, NY $1,752
Los Angeles, CA $1,902
Philadelphia, PA $1,484
Jacksonville, FL $1,610
Phoenix, AZ $1,288
Chicago, IL $1,490
Houston, TX $1,742
Seattle, WA $1,081
Columbus, OH $924
Indianapolis, IN $947

Need a specific model?

Choose your model and trim below

Rates by Driver Age

2016 Mazda MX-5 Miata Insurance Rates by Driver Age
Driver Age Premium
16 $4,240
20 $2,560
30 $1,150
40 $1,112
50 $1,018
60 $998

Full coverage, $500 deductibles

Rates by Deductible

2016 Mazda MX-5 Miata Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,372
$250 $1,252
$500 $1,112
$1,000 $978

Full coverage, driver age 40

Rates by Liability Limit

Mazda MX-5 Miata Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,112
50/100 $1,189
100/300 $1,285
250/500 $1,534
100 CSL $1,227
300 CSL $1,438
500 CSL $1,592

Full coverage, driver age 40

Rates for High Risk Drivers

2016 Mazda MX-5 Miata Insurance Rates for High Risk Drivers
Age Premium
16 $6,036
20 $4,076
30 $2,446
40 $2,406
50 $2,294
60 $2,272

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $154

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $59
Multi-vehicle $59
Homeowner $17
5-yr Accident Free $78
5-yr Claim Free $72
Paid in Full/EFT $48
Advance Quote $53
Online Quote $78
Total Discounts $464
Rate after discounts $648

Discounts are estimated and may not be available from every company or in every state.

Find companies with the cheapest rates in your area

2016 Mazda MX-5 Miata Insurance Rates by State
State Premium
Alabama $1,002
Alaska $852
Arizona $920
Arkansas $1,112
California $1,268
Colorado $1,060
Connecticut $1,142
Delaware $1,256
Florida $1,388
Georgia $1,026
Hawaii $800
Idaho $754
Illinois $828
Indiana $838
Iowa $750
Kansas $1,054
Kentucky $1,516
Louisiana $1,644
Maine $686
Maryland $918
Massachusetts $886
Michigan $1,928
Minnesota $932
Mississippi $1,330
Missouri $986
Montana $1,192
Nebraska $876
Nevada $1,332
New Hampshire $800
New Jersey $1,240
New Mexico $982
New York $1,168
North Carolina $640
North Dakota $910
Ohio $764
Oklahoma $1,140
Oregon $1,020
Pennsylvania $1,060
Rhode Island $1,482
South Carolina $1,008
South Dakota $938
Tennessee $972
Texas $1,340
Utah $822
Vermont $758
Virginia $664
Washington $858
West Virginia $1,020
Wisconsin $768
Wyoming $990

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

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