Miata insurance
Miata insurance refers to auto insurance policies specifically covering Mazda MX-5 Miata vehicles, which insurers classify as compact sports cars. State Farm, GEICO, and Progressive set average annual premiums for Miata owners between $1,200 and $1,400, depending on driver age and ZIP code.
Insurers factor Miata’s lightweight build (curb weight: 2,341 lbs) and below-average horsepower (181 hp for 2023 model) into rate calculations. Drivers under 25 pay an average of 60% more for Miata insurance compared to drivers over 30, as cited by The Zebra in 2024 data, YourInsurance.info reports.
Comprehensive and collision coverage for a new Miata typically adds about $500 yearly to liability-only quotes from insurers like Allstate and Farmers. Modifications–such as turbo kits or aftermarket suspensions–increase rates with companies like Nationwide due to higher repair costs and theft risk.
Insurance claims frequency for the Miata is lower than for models like the Ford Mustang or Chevrolet Camaro according to IIHS 2022 findings. Classic car policies may be available for Miatas older than 20 years with companies like Hagerty, providing agreed value coverage at discounted premiums.
Full coverage is often required by lenders if you finance a Miata through institutions such as Chase or Bank of America. Insurers may offer discounts to Miata owners completing defensive driving courses or installing anti-theft devices per Liberty Mutual guidelines.
Insurance requirements and minimums vary by state; California mandates $15,000/$30,000 bodily injury liability per vehicle including all Miatas registered within its borders according to DMV statutes.
How much is Miata insurance?
The cost of Miata insurance varies depending on several factors, such as driver age, location, and driving history. On average, the annual cost of Miata insurance is around $1,000 to $2,500. However, young drivers with less experience behind the wheel could see their premium jump up to around $4,000 or more for the same coverage.…
How much is the insurance cost for a Miata?
The cost of insurance for a Mazda Miata will vary depending on the type and amount of coverage purchased, driving history, age, location and other factors. Insurers use this information to calculate premiums based on risk profile. Therefore, it is not possible to provide an exact cost of insurance for a Mazda Miata without more…
How much is insurance for a 1990 Miata?
The cost of insurance for a 1990 Miata will vary depending on the coverage limits and type of policy selected, as well as individual factors such as your driving record, age, location and more. The average cost of insurance for a 1990 Miata is around $800 per year or $67 per month. However, you may…
Is Miata insurance expensive?
Miata insurance can be expensive, depending on several factors. Age and experience of the driver, the type of coverage purchased, and driving history are all considered when determining the cost of an insurance premium for a Miata. Premiums may also vary widely based on geographic location due to different state regulations and accident rates in…
Is insurance for a Miata expensive?
Yes, insurance for a Miata can be expensive. This is largely due to the Miata being classified as a sports car and therefore deemed more of a risk by insurers. Sports cars tend to carry higher premiums due to their high performance nature, greater likelihood of reckless driving, and propensity for costly repairs when damaged.…
Are Miatas expensive to insure?
Yes, Miata cars are expensive to insure. This is because they are considered a sports car and are therefore more prone to reckless driving due to the increased speed and power. Insurance companies typically charge higher rates for these types of cars due to the increased risk factor. Miatas usually require specialized parts when damaged…
See also Michigan.