Mazda MX-5 Miata vs Chevrolet Corvette Insurance Cost
The Mazda MX-5 Miata is cheaper to insure by about $240 a year for full coverage by our estimate ($1,280 vs. $1,520), and cheaper in 51 of 51 states.
Side-by-side insurance estimate
| Coverage | Mazda MX-5 Miata | Chevrolet Corvette | Difference |
|---|---|---|---|
| State minimum | $485 | $470 | +$15 |
| Standard (100/300/100) | $705 | $685 | +$20 |
| Full coverage | $1,280 | $1,520 | −$240 |
National average base rates, driver in their 30s with a clean record, latest model year of each car. Difference = MX-5 Miata minus Corvette.
Why one costs more to insure
| Factor | Mazda MX-5 Miata | Chevrolet Corvette |
|---|---|---|
| Segment | Sports car | Sports car |
| Powertrains | Gasoline | Gasoline, Hybrid |
| HLDI collision (100 = avg) | 83 | 127 |
| HLDI comprehensive | 69 | 98 |
| HLDI property damage liability | 51 | 47 |
| HLDI bodily injury liability | 63 | 60 |
| NHTSA overall rating | — | — |
| NICB most-stolen rank | Not in top 10 | Not in top 10 |
| Recalls (latest 3 model years) | 1 | 4 |
Collision losses are the biggest swing factor: the Chevrolet Corvette has 44 points higher relative collision losses, meaning its crash repairs cost insurers more on average. Comprehensive losses (theft, weather, glass) also favor the Mazda MX-5 Miata.
MX-5 Miata vs Corvette insurance by state
By driver profile (full coverage)
| Driver | MX-5 Miata | Corvette |
|---|---|---|
| Teen driver (18, own policy) | $3,515 | $4,175 |
| Young adult (22) | $2,045 | $2,430 |
| Adult in their 30s | $1,280 | $1,520 |
| Adult in their 50s | $1,175 | $1,395 |
| Senior (72) | $1,430 | $1,700 |
| 30s, one at-fault accident | $1,855 | $2,200 |
| 30s, DUI on record | $2,365 | $2,810 |
More comparisons
Frequently asked questions
Is the Mazda MX-5 Miata or the Chevrolet Corvette cheaper to insure?
By our estimate the Mazda MX-5 Miata is cheaper, by about $240 a year for full coverage ($1,280 vs. $1,520) for a driver in their 30s with a clean record.
Why does insurance cost differ between the Mazda MX-5 Miata and Chevrolet Corvette?
Mostly because of insurance-loss history: HLDI collision indices of 83 vs. 127 and comprehensive indices of 69 vs. 98 (100 = average), plus repair costs, theft rates and segment.
How we estimate this
We start from the state's average liability, collision and comprehensive premiums published by the NAIC, then apply a location factor (population density and commute time from the Census ACS, weather hazard scores from FEMA's National Risk Index), a vehicle factor (HLDI insurance-loss data where available, otherwise vehicle segment), and a driver-profile multiplier. Results are rounded ranges for comparison, not quotes. Read the full methodology.