Miami Car Insurance

Monthly Average Rates by Country, State, and City

Car insurance rates vary from driver to driver and are based on many factors that include driving history, claims history and where you live. Each city in Florida has different rates, and below, you can compare average rates with the national average. According to our data, drivers who live in Miami typically pay around $313.43 per month compared to the national average of $146.47 per month. The best way to get a low rate is by comparison shopping. SmartFinancial can do that for you at no cost while pairing you with a reputable insurance company so you have no surprises if you have an accident.

Miami, FL Best Car Insurance Companies

Certain insurers will offer you better rates than others based on a myriad of factors, so you may get a better deal from one insurer over another for various reasons, and that’s why it’s important to compare. According to our data, USAA generally has the most affordable car insurance in Miami coming in around $59.42 per month. Other companies to consider if you live in Miami is Travelers with an average cost of $75.50 per month and GAINSCO Auto Insurance which typically runs around $104.72 per month. Check out the full list below. SmartFinancial rates the following insurers as the best insurance companies for drivers in Miami.

How Much is Car Insurance in Miami, FL?

Rates can vary from city to city. The residents of Boca Raton typically pay $273.53 per month while people who live in Fort Lauderdale will pay $267.24 per month on average. See what people pay for car insurance in other cities in Florida.

Cheap Car Insurance in Miami by Zip Codes

Every zip code rates differently with every insurer. Your zip code determines the crime rate in your area as well as other risks. Below, you can see how average rates range across the state of Florida. If you live in an area that is rated high in crime, you can make sure to garage your car in a safe place. That ought to save you some money. Covered and gated structures are best. Make sure to tell your insurance agent about the precautions you’re taking.

Car Insurance Rates by Driver's Age Group in Miami

Generally speaking, you pay more in car insurance the younger you are and the older you are. Teens and young adults often pay around $732.70 per month in Miami. Compare that to drivers in their 30’s who typically pay around $308.75 per month drivers in their 40s at $271.29 per month. It’s always a good idea to check for discounts that apply at any age. Some discounts include away-at-school discount, safe driver discount, mature driver discount, good student discount as well as multi-policy and bundling discounts.

Cheapest Insurance for Teenage Drivers in Miami

If you are teen in Miami you are probably looking for a good deal on car insurance. Since teenage drivers typically pay the highest rates of any other age group, it’s important to compare multiple companies. According to our research, Liberty Mutual typically charges around $329.98 per month. This is likely the most affordable option in Miami. You might also want to consider Mercury Insurance and Direct Auto who also offer good affordable policies for teen drivers.

Cheapest Insurance for 20 Year-olds in Miami

20 year-olds in Miami might want to consider GAINSCO Auto Insurance who, on average, offers car insurance rates around $111.00 per month. Mercury Insurance , State Farm , Mercury Insurance Company and Direct Auto are also in the top 5 cheapest rates available.

Cheapest Insurance for 30 Year-olds in Miami

If you are in your 30s in Miami our research has found that USAA typically has the most affordable coverage coming in around $59.42 per month, followed by Travelers at $75.50 and GAINSCO Auto Insurance at $111.83.

Cheapest Insurance for 40 Year-olds in Miami

On average, Mercury Insurance Company offers car insurance for 40 year-olds in Miami for around $186.00 per month. If you are looking for affordable coverage, you may also want to consider State Farm or Direct Auto. The full list of top companies is below.

Cheapest Insurance for 50 Year-olds in Miami

Oftentimes 50 year-olds enjoy some of the lowest rates of any other age group. In Miami we found that GAINSCO Auto Insurance generally offers the most affordable coverage at $91.33 per month.

Cheapest Insurance for 60 Year-olds in Miami

If you live in Miami and you’re in your 60s, our data indicates that Mercury Insurance Company usually has the best rates at $130.33 per month. The top 5 list of car insurance companies is below.

Driver's Coverage Auto Insurance Rates in Miami, FL

Typically, drivers who currently have car insurance coverage will receive a cheaper monthly quote than drivers who do not. Since car insurance is a requirement in all 50 states, companies may question why you don't currently have coverage. Because of this, they may see you as a higher risk driver. In Miami, the average monthly rate for a driver who is currently insured is $277.89 while drivers who are not currently covered will pay around $370.75.

Compare Recent Car Insurance Quotes in Miami

Your vehicle plays a big part in how you rate for car insurance. The more your car is worth, the higher your car insurance rate. To lower your monthly premiums, you can set a higher deductible, but you’ll need to pay that deductible if you have an accident. Generally speaking, the newer a car is, the more it’s worth, and you may pay more in premiums, but the latest safety features will earn you a discount. The overall safety ratings of a car are also considered when determining your rate. In Miami a driver of a 2023 Tesla Model Y can expect to pay around $2,179.13 per month while someone that owns a 2018 Chevrolet Silverado may pay around $556.32 per month. Check out the list of recent quotes in Miami below.

FAQ's for Drivers in Miami, FL

Miami Auto Insurance Requirements

You are required to have auto liability insurance coverage in Miami.

What is the Minimum Amount of Liability Coverage Requirement in Miami?

• $10,000 bodily injury liability coverage per person
• $20,000 bodily injury liability coverage per accident
• $10,000 property damage

What is the Blood Alcohol Concentration (BAC) limit in Miami?

The legal blood alcohol content (BAC) level limit is .08% in Florida and is the same in every state. If you have a .08% BAC level limit and you drive a car you could be convicted of a DUI. In Florida, you could face fines up to $1,000, up to six months in jail and 50 hours of community service. After a DUI conviction, your auto insurance rates will go up. How big an increase depends on your insurance company. Insurers view DUI convictions differently and some charge lower rates. SmartFinancial can help you find the auto insurance companies that charge lower rates for DUI convictions.

Can I Register My Car Without Insurance in Miami?

You must have liability insurance coverage when you register a car in Miami. You must have your registration and your liability insurance coverage current at all times. This is true even if you do not use the car. The insurance must be issued by an insurance company authorized by the Florida Department of Financial Services and certified by the Florida State DMV. And there's one more thing. The insurance for your car must be issued in the name of the vehicle registrant.

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