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Car Insurance for Miami, Florida

Comparing quotes from top companies in the Miami area is the simplest way to save car insurance money. Way.com can assist you in obtaining prices and selecting the coverage that best suits your needs.

How much does car insurance cost in Miami?

In Miami, auto insurance costs an average of $3084 per year. This is more expensive than the Florida average of $2208 and the national average of $1557. Continue reading to determine how much you might be quoted in Miami based on your marital status, age, credit score, and other typical characteristics.

Miami Rates vs Florida vs National Average

Miami Average (annual) Florida Average National Average
$3084 $2208 $1557

Miami auto insurance premiums by:

  • Company
  • Age group
  • Marital status
  • Gender
  • Driving record
  • Credit rating
  • ZIP Code

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Miami Auto Insurance Premiums By Company

The differences in car insurance quotes between companies can be significant, so it's critical to check quotes completely and choose your insurer prudently. For example, The General offers the cheapest rates for the average insurance customer in Miami. The best car insurance companies for affordable car insurance in Miami are listed below but don't forget to request personalized car insurance estimates based on your driving history.

Insurance Company Average Rate (annual)
The General $2382
State Farm $3228
Progressive $3927
Allstate $4209

Miami Auto Insurance Premiums By Age Group

Drivers in their 60s in Miami pay a higher rate of $2859. When drivers in Miami reach their twenties, their insurance prices drop dramatically.

Age tier Average Yearly Rate
20s $3921
30s $3063
60s $2859

Miami Auto Insurance Premiums By Marital Status

The marital status of a driver will impact the car insurance rates. In general, married drivers pay less for car insurance than single drivers. In Miami, married drivers pay $111 less for car insurance than single drivers. Rates for widowed people are likewise significantly lower than for single people. Insurance rates for widowed people in Miami are lower than for single people.

Marital Status Average Annual Rate
Single $2982
Married $2982
Divorced $3084
Widowed $3039

Miami Auto Insurance Premiums By Gender

Another element that influences auto insurance rates is gender. For example, female drivers in Miami pay $99 more per year than male drivers.

Gender Average Annual Rate
Female $3192
Male $3093

Miami Auto Insurance Premiums By Driving Record

Maintaining a spotless driving record can help you save money on car insurance. At-fault collisions, DUIs, reckless driving charges, and speeding tickets are all factors that lead to high auto insurance costs, as insurance firms reward low-risk drivers with lower rates.

When it comes to auto insurance, Miami drivers who are found guilty of reckless driving pay a heavy price, with a cost increase of $1548 per year compared to the city average. A speeding citation increases your insurance rates by $787 per year, while a DWI or DUI charge increases your insurance prices by $1,388.

Incident/Violation Average Yearly Rate
DUI/DWI $4473
Reckless Driving $4632
At-fault Accident $4284
Speeding Ticket $3171

Miami Auto Insurance Premiums By Credit Rating

It's no secret that your credit score affects your car insurance prices. Drivers in Miami who improve their credit score from the "Very Poor" (300-579) to the "Exceptional" (800-850) category save 62% on car insurance. Changing your credit score from "Very Poor" to "Fair" will help you save money on vehicle insurance. Raising your credit score to "Fair" in Miami might save you $2514 per year on insurance premiums.

Credit Score Average Yearly Rate
Very Poor $6348
Fair $3831
Good $3087
Very Good $2784
Exceptional $2442

Miami Auto Insurance Premiums By Zip Code

The average car insurance rates in Miami vary depending on the ZIP code. The difference between the cheapest and most expensive rates in the city, based on the ZIP code, is $435. The most expensive neighborhood, 33165, has an average auto insurance annual premium of $2793. Meanwhile, 33157 has the most affordable average premium of $2358.

Zip Code Annual Premiums
33157 $2358
33186 $2529
33175 $2,719
33165 $2793

What would increase your Car Insurance Rate in Miami?

Miami has seen above-average rises in auto insurance rates over the last five years. Since 2015, Miami drivers have seen above-average hikes in their auto insurance premiums. The average rate increase was 3.5 percent per year. However, some businesses raised rates by 22% in a single year.

The frequency and cost of car insurance claims have grown in Florida, which is a straightforward explanation for why rates have risen. Because most of the money you spend on car insurance is used to pay for other people's claims, if more people file car insurance claims, your premiums will almost certainly rise.

Miami is more vulnerable to natural disasters than most other states due to its location on the Gulf Coast. Furthermore, the frequency of these costly disasters has increased over time.

Because car insurance, specifically comprehensive coverage, pays when natural disasters like hurricanes, tropical cyclones, and floods damage your car, an increase in natural disasters like hurricanes, tropical cyclones, and floods leads to higher insurance rates. If your car is damaged by wind, hail, or flooding, you'll most likely be covered if you have comprehensive coverage.

These charges, however, are eventually passed on to your insurance and other drivers.

Miami has one of the highest rates of uninsured motorists in the United States. Due to Miami's high number of uninsured motorists, premiums for drivers who have coverage are higher.

That's because 80% of drivers who have insurance will eventually pay for the accidents caused by the uninsured 20%, either through uninsured motorist policy or collision coverage, if they have it, or out of their own pockets.

 

Auto theft statistics in Miami

During a typical year, car theft occurs at 9 per 1000 residents in Miami. Residents of Miami believe that the northeastern region of the county is the safest for this type of crime.

 

Accidents Statistics in Miami

Have you or a loved one been hurt in a car accident in Miami, Florida? You are not alone, according to Miami car accident statistics.

In Florida, the Florida Department of Highway Safety and Motor Vehicles (FLHSMV) reported 342399 motor car accidents in 2021. According to the study, 316731 persons were injured in car accidents.

In hit-and-run accidents, 3396 people were killed, and 21999 were injured. Hit-and-run accidents claimed the lives of 273 people.

 

Be Prepared for Driving in Miami

Miami is a bustling metropolis with a diverse range of tourist attractions, shopping venues, enterprises, and, most importantly, drivers. These people are generally locals and tourists who cruise along the I-95 to reach different destinations.

So far, Miami appears to be no different than any other city, including New York and Los Angeles, but nothing has been spoken. It would be best to be especially cautious when traveling the roads, from keeping an eye out for pedestrians to avoiding erratic driving.

We've compiled a list of the finest driving advice for surviving in Miami.

  

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Do not Make Assumptions:

Like traffic congestion in any other metropolis, traffic congestion puts your safety in jeopardy. The close closeness of cars and the number of pedestrians and bicycles sharing the road make the experience extremely difficult.

Maintain a safe distance between cars, communicate as much as possible with pedestrians, and avoid sharing lanes with bikes. It's the bare minimum you can do to avoid crashing.

 

Avoid Driving during Rush Hour:

If you know you'll have a long commute; get up earlier to avoid being caught in traffic. Congestion builds up rapidly and can be aggravating, especially between 7 a.m. and 10 a.m. on I-95.

Some residents in Miami begin to move lanes frequently, and a few may consider speeding, which is a common occurrence in any metropolis.

Right Lane is the Right Way:

You might notice some savvy sports vehicles cruising along the highway while traveling in Miami. They should stay in the far-left lane when passing other cars.

Staying in the right lane might improve your safety, especially if you are unfamiliar with Miami's directions. You won't have to worry about annoyance from other drivers. Slow drivers should use the right lane, so drive safely, enjoy the breeze, and plan your next maneuver ahead of time.

Understand the Rules of Crosswalks:

Crosswalks should be avoided when driving in Miami Downtown or other congested areas. These zones were created to let pedestrians and bicycles cross the street safely.

Pedestrians have the same right to walk on crosswalks as in any other city. However, when the light turns red, you must come to a complete stop in front of a crossing.

There have been instances where cars have refused to give pedestrians the right of way. Avoid such a bad habit.

Watch out for Cyclists:

The warmer weather encourages individuals to ride their bikes instead of driving to escape traffic bottlenecks.

You should expect to yield to pedestrians if you're driving in Miami. However, because of the constant traffic congestion in Miami, some people have chosen to forego this practice, placing everyone in danger.

Similarly, some bikers in Miami disobey traffic laws, prompting you to keep an eye on them, maintain a safe distance, and avoid their designated lanes.

Watch out for Taxis, and Ride-sharing cars:

When driving in crowded places, such as the airport, keep an eye out for yellow taxis. Some are cautious drivers, while others may inadvertently cut you off. The same can be said about ride-sharing cars, which are becoming more popular.

These cars have been observed to stop at random locations to load and discharge passengers. Therefore, it's unnecessary to challenge improper driving practices; maintain a safe distance to avoid unexpected stops.

Avoid Driving While Distracted:

Distracted driving is a big safety hazard in all cities, including Miami. It won't take long to spot someone driving while texting. They may even become enraged if you call them out for their carelessness.

As a result, you should put your phone down and concentrate on the road ahead of you. Then, increase your following distance and be able to forecast their movements if you spot an inattentive driver nearby.

It's important to remember that using your phone while driving is illegal in Miami. However, not everyone adheres to the guidelines.

Car Insurance Companies in Miami

The top three car insurance companies in Florida have a monopoly on the market. The General, Progressive, and State Farm write 55% of the state's direct premiums.

Drivers contemplating whether to buy insurance from a big firm or a small one should weigh the advantages and disadvantages of each.

Larger firms are more financially sound and offer a wider selection of discounts than smaller insurers. Large insurers are also more accessible and have more locations. Drivers in Miami insured through small businesses have a more personalized customer care experience and can engage with only one agent rather than several.

Car Insurance Companies
The General Progressive
Allstate Safeco
Progressive Liberty Mutual
State Farm Auto-Owners
MetLife Travelers
Direct General Kemper
Amica National General Holdings
Farm Bureau Farmers
Southern-Owners USAA

Auto Insurance Data Methodology

The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.

Quotes are typically based on a full coverage policy average unless otherwise noted within the content.

These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com

FAQ

How much is car insurance in Miami?

In Miami, auto insurance costs an average of $3084 per year. This is more expensive than the Florida average of $2208 and the national average of $1557.

Do I need car rental insurance Miami, Florida?

In Miami, you do not require rental car insurance. Instead, like in other states, rental car companies in Miami provide the state-required liability insurance coverage as part of their basic contract. They provide $25,000 per person in bodily injury liability insurance ($50,000 per accident) and $25,000 in property damage liability coverage per accident.

Is car insurance more expensive in Miami?

Miami's average cost is 17.4% higher than the state average and 82.4% higher than the national average.

How much does car insurance cost per month in Miami?

In Miami, auto insurance costs an average of $258 per month.

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Learn more by city and state for car insurance




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