The Mazda MX-5 RF is the folding hard-top version of Mazda's small two-seat roadster. It is not on the current new-car list, so many buyers in Singapore look at used ones. This guide covers the yearly costs: COE, road tax and car insurance.
The insurance figures are examples for one stated driver, as of 1 November 2026. They show how offers compare, not the price you will get.
Versions people insure
The new-car list has no entry for the MX-5 RF on sale now. So this guide gives no list price, power figure or body type from it.
The price page's quote form lists seven versions, all with the same 1,998cc engine. They include:
- MX-5 RF 2.0
- MX-5 RF 2.0 Pure
- MX-5 RF 2.0 Sports and Sports Edition
- MX-5 RF 2.0 Nappa
- Two anniversary editions
The insurance prices below are for the plain 2.0, the version most insurers quote. If yours is a special edition, say so when you ask for a quote.
COE
The price page puts the MX-5 RF 2.0 in Category B, since its 1,998cc engine is above 1,600cc. Category B closed at S$131,901 in the October 2026 2nd round. On a used car, check how many COE years remain. The COE page shows the latest result.
Road tax for the 2-litre engine
LTA's formula gives S$1,209.76 a year for the 1,998cc engine, before any age surcharge. Every version on the form shares that figure.
The surcharge for older cars:
- More than 10 years old: +10%
- More than 11 years old: +20%
- More than 12 years old: +30%
- More than 13 years old: +40%
- More than 14 years old: +50%
The road tax page has the formula for other engines.
Insuring the MX-5 RF
The Mazda MX-5 RF price page prices this profile:
- Car: MX-5 RF 2.0, registered 3 years ago, private use, comprehensive cover
- Driver: aged 40, married, office job, driving 10 years
- Record: 50% no-claim discount (NCD), no claims
- Repairs: authorised workshop, no options
6 insurers price it online, across seven plans. The lowest premium is S$989.35 a year. The insurer whose lowest plan costs most asks at least S$1,788.17. That is S$798.82 more, or 81% on top. All prices include 9% GST.
The lowest price stands apart. The next four plans cluster between S$1,252.66 and S$1,299.22. So the lowest offer is a clear step below the rest.
What the excess looks like
Excesses on this page run from S$0 to S$3,000:
- Lowest premium: S$500 excess
- Second lowest: S$2,500
- One mid-range plan: no excess
- The dearest plan: S$3,000
Two plans carry S$600. The mix means premium alone tells you little. Compare the excess beside each price.
Two more insurers show no price here. One holds a price for a single standard driver only, and one does not list the car.
How the price shifts
The price page gives the lowest price after one change:
- No NCD (0%): S$2,198.55, S$1,209.20 more
- 20% NCD: S$1,758.84, S$769.49 more
- Driver aged 27, 3 years' driving, 30% NCD: S$2,136.38, S$1,147.03 more
- Driver aged 65, 20 years' driving, 50% NCD: S$1,082.69, S$93.34 more
- New car, registered this year: S$960.10, S$29.25 less
- Car 8 years old: S$1,012.98, S$23.63 more
Losing your NCD is the biggest change, lifting the lowest price by 122%. The young driver case is close behind. For a two-seater often bought by younger drivers, that gap is worth knowing.
Car age moves the price only a little. An older car is slightly dearer to insure here, not cheaper. All six insurers price every case, so the field stays steady. These are lowest prices only. Plans further up the list may move by other amounts for the same change.
Against similar 2-litre cars
For the same driver and car age, the price page sets out six cars:
- Lexus NX: S$970.26
- Lexus RX: S$921.75
- Mercedes-Benz E-Class: S$857.06
- BMW 5 Series: S$792.38
- Toyota Voxy: S$763.41
- Toyota Harrier: S$763.00
Their average lowest price is S$844.64. The MX-5 RF costs 17% more. All 6 are cheaper to insure, though the Lexus NX is close. These are larger family cars, matched by engine size rather than type. Each is priced by 14 to 16 insurers.
Other Mazda models are on the Mazda car insurance page. The cheapest cars to insure list shows the low end.
Costs set by your own use
- Parking: season parking at home and work. A low two-seater may need care on steep ramps.
- Petrol: depends on how far you drive and pump prices.
- ERP: depends on routes and times.
- Upkeep: the folding roof, tyres and brakes need care. Ask for the service history on a used car.
- Depreciation: on a used car, tied to the price paid and the COE years left.
Summary of yearly costs we can show
For the Mazda MX-5 RF 2.0:
- Road tax: S$1,209.76 a year before any age surcharge (LTA's formula, checked 19 October 2026)
- Insurance, standard driver: from S$989.35 a year (1 November 2026)
- Insurance, no NCD: from S$2,198.55
- Insurance, a car 8 years old: from S$1,012.98
For reference, Category B closed at S$131,901 in the October 2026 2nd round.
Before you buy: car insurance for the Mazda MX-5 RF
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the Mazda MX-5 RF to see today's prices from every insurer we compare and how they change with the driver and the car's age. Or get a quote with your own details.