The best car insurance in Miami, FL

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The average cost of full coverage car insurance in Miami is $4,222 per year, which comes in at $1,308 more than the state average of $2,914. One of the reasons car insurance rates are more expensive in Miami is that overall, the state of 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 $1,598 per year for full coverage car insurance

  • Mercury Insurance has the highest average rates in Miami at $4,037 per year for full coverage car insurance

  • 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 are determined by many factors such as your age, location, and driving record. Many car insurance companies have systems in place that determine how much each factor can increase or decrease what you pay for car insurance.

To ensure you get the cheapest car insurance, it’s always a good idea to shop around and get quotes from multiple companies.

Company

Average cost

JD Power Rating

GEICO

$1,598

871

State Farm

$2,504

881

Travelers

$3,411

861

Nationwide

$3,967

876

Mercury Insurance

$4,037

849

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

33122

$4,114

33125

$4,401

33126

$4,329

33127

$4,219

33128

$4,198

33129

$4,126

33130

$4,220

33131

$4,104

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.

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. A single ticket can raise your rates by $1,000, and a DUI can increase your rates by more than $1,500 with certain insurers.

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

Violation

GEICO

State Farm

Travelers

Nationwide

Mercury Insurance

At-fault Accident

$2,406

$2,986

$4,576

$5,589

$6,479

DUI

$3,140

$2,765

$5,128

$8,439

$5,608

Driving with a suspended license

$1,717

$2,765

$5,128

$8,439

$3,939

Driving with an open container

$1,717

$2,765

$4,335

$8,439

$5,608

Driving with expired registration

$1,717

$2,765

$4,335

$4,623

$5,502

Driving without Lights

$1,717

$2,765

$4,335

$3,965

$5,502

Failure to show documents

$1,717

$2,765

$4,335

$4,623

$5,502

Failure to stop at a red light

$1,717

$2,765

$4,335

$4,623

$5,502

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

$3,263

UAIC

$4,734

State Farm

$5,005

AIG

$5,020

Direct Auto

$6,083

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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

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 $1,598 per year for full coverage.

Is liability coverage required in the state of Florida?

Florida requires drivers to have $10,000 worth of personal damage liability (PDL) coverage. PDL covers the cost of repairs and damage you caused to another vehicle or property.

Why do young drivers pay more for car insurance?

Young drivers pay more for car insurance because they are less experienced and more likely to exhibit risky behavior like speeding and erratic driving, resulting in more accidents.

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: 50/100

  • Property damage liability: $50,000

  • Uninsured/underinsured motorist: 50/100

  • 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.