Miami, FL Car Insurance

How Much Does Car Insurance Cost in Miami?

The average auto insurance cost in Miami is $3,050 per year. It is significantly higher than the state’s average rate of $2,297 and the nation’s average of $1,541. There are several factors assessed when insurers calculate your car insurance quote. Your marital status, driving history, credit tier, age, and location are the most common aspects that influence your annual car insurance cost in Miami.

If you want to earn an average car insurance rate in Miami, what you need to do is to compare the rates from different car insurance companies. Closely comparing car insurance rates according to your location, age, driving history, credit tier, and marital status will help you identify the one that best fits your driving status.

Miami Car Insurance Costs by Company

Different car insurance companies in Miami offer different policies and rates. GEICO by far offers the cheapest car insurance in Miami with an average rate of $2,354 annually. However, if you have been in at least one at-fault accident, your car insurance cost will likely increase. Hence, maintaining a clean driving history will keep your car insurance rates to stay on the average.

Insurance CompanyAnnual RateMonthly Rate
State Farm$3,211$268

Florida Cheapest Car Insurance Rates For Minimum Coverage

There are several companies in Florida that provide minimum car insurance coverage at a competitive price. State Farm by far offers the best deal when it comes to purchasing car insurance with minimum coverage.

Insurance CompanyAnnual RateMonthly Rate
State Farm$2,528$211
Direct Auto$3,266$272

Miami Auto Insurance Rates by Age Bracket

The driver’s age also impacts car insurance rates in Miami. Drivers within the age range of 50+ usually pay cheaper auto insurance premiums in contrast to other age groups. Teenagers, however, pay the highest car insurance cost in Miami. They are considered inexperienced and high-risk drivers; thus they pay expensive car insurance rates. On a brighter note, when teens reach the age of 20, a substantial decrease in their premiums will immediately reflect.

Miami Car Insurance Rates Per Age Group

Age GroupAnnual RateMonthly Rate

Florida Cheapest Full Coverage Insurance Rates For Young Drivers With Clean Driving History

In Florida, teen drivers are considered high-risk drivers. That is why they pay the most expensive car insurance rates in Florida. But, if you are a young driver without any driving violation, several auto insurance companies in Florida that provide less expensive premiums. 

Insurance CompanyAnnual RateMonthly Rate
State Farm$2,001$167
Direct Auto$3,201$267

Miami Car Insurance Premiums By Gender and Marital Status

Other factors that influence car insurance rates in Miami are the driver’s marital status and gender. Most married couples and widowed drivers in Miami pay relatively cheaper rates in contrast to those who are single. While married couples are considered responsible drivers compared to single drivers, their gender also affects their overall auto insurance premiums. Male drivers in Miami are considered reliable and skillful. Thus, female drivers carry more cost in their auto insurance premiums than males in Miami.

Miami Car Insurance Premiums by Marital Status and Gender

Marital Status/GenderAnnual RateMonthly Rate
Female$3, 154$263

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Florida Cheapest Car Insurance Rates For Married Couples

As was mentioned, married couples pay cheaper car insurance rates in Florida. Married couples are considered financially stable and low-risk drivers. Thus, they are given cheaper car insurance rates in Florida. MetLife by far offers the cheapest auto insurance rates for married couples.

Insurance CompanyAnnual RateMonthly Rate
State Farm$2,721$227
Direct Auto$3,233$269

Miami Auto Insurance Rates After an Accident or Violation

High-risk drivers in Miami pay more expensive car insurance costs. One at-fault accident will drive up your car insurance rate. Additionally, acquiring speeding tickets, and reckless driving citations are also considered risks. Thus, maintaining a good driving record in Miami will keep your premiums low and close to the average of $3,050 per year.

Miami Car Insurance Rates For High-Risk Drivers

Driving ViolationAnnual RateMonthly Rate
Reckless Driving$4,612$384
At-Fault Accident (less than $1000 damages)$4,255$354
At-Fault Accident (more than $1000 damages)$4,255$354
Speeding Ticket$3,851$321

Florida Average Auto Insurance Costs With One At-Fault Accident

Typically, one at-fault accident will significantly increase your car insurance rates in Florida. Depending on the value of damages acquired, drivers who have been in an at-fault accident will shoulder expensive auto insurance rates in Florida. However, there are car insurance companies around Florida that offer less expensive car insurance premiums to high-risk drivers.

Insurance CompanyAnnual RateMonthly Rate
State Farm$2,033$169
Direct Auto$3,411$284

Florida Average Car Insurance Rate After A Ticket

Speeding tickets might not seem like a serious offense but, in Florida, drivers will pay more on their auto insurance premiums after getting a ticket. However, some insurance companies around the state give chance to reckless drivers and offer cheap car insurance premiums.

Insurance CompanyAnnual RateMonthly Rate
State Farm$1,902$159
Direct Auto$3,163$264

Miami Auto Insurance Rates by Credit Tier

Your credit score is another aspect Miami auto insurance companies evaluate when calculating your car insurance rates. Having a good credit history will affect your car insurance rates in Miami. Building your credit from Very Poor to Exceptional will give you savings up to 59% annually on your car insurance rates. Hence, keeping a good credit score is one way for your rates to stay on the average in Miami.

Miami Car Insurance Premiums by Credit Tier

Credit LevelAnnual RateMonthly Rate
Very Poor$6,323$527
Fair$3, 811$318
Very Good$2,759$230

Florida Average Car Insurance Rates by Poor Credit with Minimum Coverage

Several car insurance companies in Florida provide cheap premiums for drivers with poor credit who purchase minimum coverage policies. State Farm offers the cheapest car insurance rates with minimum coverage in Florida.

Insurance CompanyAnnual RateMonthly Rate
State Farm$1,989$166
United Auto$2,671$223
Direct Auto$1,298$108

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Florida Average Car Insurance Rates For Good Drivers With Poor Credit

Your credit score is one of the aspects that impact your car insurance rates in Florida. Having a poor credit score can increase your car insurance premiums. However, if you are a good driver with poor credit, there are several car insurance companies in Florida that offer cheap coverage despite the poor credit tier. 

Insurance CompanyAnnual RateMonthly Rate
Direct Auto$2,528$211
United Auto$3,206$267
State Farm$3,266$272

Miami Car Insurance Cost by ZIP Code

Your location greatly impacts the increase or decrease in your car insurance quotes. If you reside in areas prone to theft and accidents, it is likely for your auto insurance to render expensive premiums. However, there are specific locations or ZIP codes in Miami that gain the cheapest car insurance rates. Some, on the other hand, are considered high-risk; thus, drivers living in areas considered risky in Miami tend to pay a lot more for their auto insurance premiums.

Miami ZIP Codes With Expensive Car Insurance RatesMiami ZIP Codes With Cheap Car Insurance Rates

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Miami Car Insurance FAQs

  • What does comparative negligence mean in Miami?

     The state of Florida is a comparative negligence state. Proving the other driver that he/she is at-fault during a collision in  Miami will entitle you to a reward as long as you prove that the driver is over 50% at-fault.

  • What is the deadline if I file a wrongful death lawsuit in Miami after an accident?

    Wrongful death claim’s statute of limitation is reduced by two years in Miami. The calculation of the time frame will begin during the death of the person not after an accident.

  • What are the first steps to follow after an accident in Miami?

    After an accident, it is important to compose yourself and gather as much information and evidence after a collision. It is vital to take photos of the location, gather information about the other driver if you can, and look for witnesses.

  • Is it necessary to give a recorded or written statement to my insurance company after an accident in Miami?

    Typically, you will need to personally talk to your agent or car insurance provider. However, it is in your best interest not to give out any document to the other driver’s insurance provider.

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