The best car insurance in Miami, FL

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Gianetta PalmerGianetta PalmerFreelance contributorGianetta Palmer is a freelance writer who lives in the Georgia mountains. Her writing on health and car insurance, has appeared on numerous sites.&Andrew HurstAndrew HurstSenior Editor & Licensed Auto Insurance ExpertAndrew Hurst is a senior editor and a licensed auto insurance expert at Policygenius. His work has also been featured in The New York Times, The Wall Street Journal, Forbes, USA Today, NPR, Mic, Insurance Business Magazine, ValuePenguin, and Property Casualty 360.
Expert reviewedExpert reviewedThis article has been reviewed by a licensed Policygenius expert to ensure that sources, statistics, and claims meet our standard for accurate and unbiased advice.Learn more about oureditorial review process.

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Ian Bloom, CFP®, RLP®Ian Bloom, CFP®, RLP®Certified Financial PlannerIan Bloom, CFP®, RLP®, is a certified financial planner and a member of the Financial Review Council at Policygenius. Previously, he was a financial advisor at MetLife and MassMutual.

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The average cost of full coverage car insurance in Miami is $4,015 per year, which comes in at $1,221 more than the state average in Florida of $2,794. One of the reasons car insurance rates are more expensive in Miami is that overall, Florida has a large number of uninsured drivers which means an increase in the premiums that all drivers pay.

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The easiest way to save money on car insurance is by comparing rates between top companies in the Miami area. Policygenius can help you get quotes and choose the coverage that works best for you.

Key Takeaways

  • GEICO has the lowest average rates in Miami at $1,902 per year for full coverage car insurance

  • GEICO also offers the cheapest rates to Miami drivers with poor credit

  • Florida minimum liability insurance requirements are $10,000 per person / $20,000 per person in bodily injury liability and $10,000 in property damage liability

Cheapest car insurance companies in Miami, FL

Car insurance rates vary from company to company, even for the exact same driver. That's why it's so important to shop around and find the best option. Here are the cheapest car insurance companies in Miami:

Company

Average cost

JD Power Rating

GEICO

$1,902

874

State Farm

$2,449

882

Travelers

$2,971

854

Farmers

$3,876

882

Nationwide

$3,969

868

Cheapest car insurance rates by ZIP code in Miami, FL

Car insurance rates vary from neighborhood to neighborhood, based on factors like crime rates and density, as well as availability of parking. Below are the average rates based on ZIP code in the city of Miami.

ZIP code

Average cost

33131

$3,887

33145

$3,903

33129

$3,907

33138

$3,918

33133

$3,921

33132

$3,923

33122

$3,928

33185

$3,932

33137

$3,961

33136

$3,976

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Choosing the right car insurance company in Miami, FL

With so many factors that determine the cost of car insurance, it can be difficult to choose the best coverage for your insurance needs. Selecting the right car insurance company can not only save you money, it can also help give you peace of mind in case you’re involved in an accident and have to file a claim.

Policygenius can help you get quotes and find the coverage that works best for your insurance needs.

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Car insurance rates for drivers with driving violations in Miami, FL

Riding in a convertible with the top down and the wind whipping through your hair sounds like fun, but it can also be expensive — if you get caught speeding, that is. Driving history is one of the top factors when it comes to determining your car insurance rates.

Below are the average car insurance rates for drivers in Miami with tickets or accidents on their driving record.

Violation

GEICO

State Farm

Travelers

Farmers

Nationwide

At-fault accident

$2,662

$2,898

$4,032

$5,058

$5,600

DUI

$3,394

$2,685

$4,527

$3,919

$8,470

Suspended license

$1,964

$2,685

$4,527

$4,669

$8,470

Open container

$1,964

$2,685

$3,811

$3,919

$8,470

Expired registration

$1,964

$2,685

$3,811

$4,669

$4,628

Driving without lights

$1,964

$2,685

$3,811

$4,669

$3,966

Running a red light

$1,964

$2,685

$3,811

$4,599

$4,628

Following too closely

$1,964

$2,685

$3,811

$4,669

$4,628

Hit and run

$3,394

$2,685

$4,527

$4,602

$8,470

Not-at-fault accident

$1,964

$2,489

$3,064

$3,685

$3,966

Passing a school bus

$1,964

$2,685

$3,080

$4,669

$4,628

Reckless driving

$3,237

$2,685

$4,527

$4,602

$8,470

Speeding

$3,237

$2,685

$4,527

$4,468

$5,229

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Cheapest car insurance for drivers with bad credit in Miami, FL

A low credit score can affect you in many ways. Bad credit can even increase your car insurance rates by up to 50 percent.

Some states do not allow insurance companies to determine car insurance rates based on your credit scores, but it’s always a good idea to pay your bills on time and pay down debts when you can.

Company

Rates for drivers with bad credit

GEICO

$3,693

UAIC

$4,334

AIG

$4,959

Farmers

$5,270

State Farm

$5,953

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Buying car insurance in Miami, FL

The law in Florida says drivers must have the following types of auto insurance:

  • Proof of personal injury protection (PIP) and property damage liability (PDL) coverage from an insurance company licensed to sell insurance in Florida

  • A minimum of $10,000 in PIP and a minimum of $10,000 in PDL. Florida is the only state that doesn’t require bodily injury liability coverage (BIL) but does require personal injury protection (PIP). In addition, the state doesn’t require drivers to purchase uninsured or underinsured motorist coverage but requires car insurance companies to offer the coverage to you.

  • Continuous coverage even if the vehicle is inoperable or isn’t being driven

  • Vehicles registered as taxis must carry bodily injury liability (BIL) coverage of $125,000 per person, $250,000 per occurrence and $50,000 for (PDL) coverage.

Florida allows qualified drivers to self-insure. To qualify for self-insurance, drivers must provide yearly proof of an unencumbered net worth of $40,000 or more.

The state of Florida is a no-fault state. No-fault means that your car insurance company will pay for your medical bills whether you caused an accident or not. Additionally, in no-fault states like Florida, an injured party cannot sue you for medical bills resulting from an accident you caused.

How to get cheap car insurance in Miami, FL

Car insurance is expensive in Miami, but there are ways to find savings:

  • Ask about discounts: Many car insurance companies offer discounts for bundling policies, having more than one insured vehicle, and organization or military-affiliated discounts to active duty members and their families

  • Follow the speed limit and don’t drive while intoxicated: Driving history is one of the biggest factors when it comes to car insurance rates. So obey the speed limit laws and don’t drink and drive

  • Shop around: Compare online quotes to make sure you’re getting the best rates

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We don't sell your information to third parties.

Frequently asked questions

Who has the cheapest insurance in Miami?

According to our research, GEICO has the least expensive rates in the city, with average rates at $1,902 per year for full coverage.

How much is car insurance in Miami?

The cost of car insurance in Miami is $335 per month, or $4,015 per year. This makes getting covered in Miami more expensive than average within Florida.

Is car insurance in Miami expensive?

Miami is one of the most expensive places for car insurance in the country. Even compared to Florida — where rates are already high — the cost of car insurance in Miami is $1,221 greater per year than the statewide average.

What happens if you don't have car insurance in Miami?

If you're caught driving without car insurance in Miami, your license may be suspended for up to three years. You would also have to pay a reinstatement fee of up to $500. Your insurance rates would increase after your license is reinstated.

Methodology

Policygenius has analyzed car insurance rates provided by Quadrant Information Services for every ZIP code in all 50 states plus Washington, D.C. For full coverage policies, the following coverage limits were used:

  • Bodily injury liability: $50,000 per person/$100,000 per accident

  • Property damage liability: $50,000

  • Uninsured/underinsured motorist: $50,000 per person/$100,000 per accident

  • Comprehensive: $500 deductible

  • Collision: $500 deductible

In some cases, additional coverages were added where required by state or insurer.

Rates for overall average rate, rates by ZIP code, and cheapest companies determined using averages for single drivers ages 30, 35, and 45. Our sample vehicle was a 2017 Toyota Camry LE driven 10,000 miles/year.

Rates for driving violations and “Poor” credit determined using average rates for a single male 30-year-old driver with a credit score under 578.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.

Authors

Gianetta Palmer is a freelance writer who lives in the Georgia mountains. Her writing on health and car insurance, has appeared on numerous sites.

Andrew Hurst is a senior editor and a licensed auto insurance expert at Policygenius. His work has also been featured in The New York Times, The Wall Street Journal, Forbes, USA Today, NPR, Mic, Insurance Business Magazine, ValuePenguin, and Property Casualty 360.

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