GEICO offers the cheapest car insurance in Miami, with rates averaging $95 a month, according to our review of quotes available to a typical driver. The next-lowest rates, $202 a month from State Farm, are considerably higher. Since auto insurance can get expensive in South Florida, here’s what you need to know about finding cheap car insurance in Miami.
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Who offers the cheapest car insurance in Miami?
GEICO is the cheapest car insurance company in Miami for a wide range of drivers, including those with a clean record, those with a prior ticket or accident, teens and seniors, according to our analysis of quotes from all of the city’s ZIP codes.
Cheapest minimum-car insurance in Miami
GEICO offers the cheapest rates on minimum-coverage car insurance in Miami, with quoted rates averaging $95 a month for a typical driver with a clean record. The companies with the next-lowest rates include State Farm, $202 a month, and Progressive, $360 a month.
| Company | Monthly rate |
|---|---|
| GEICO | $95 |
| State Farm | $202 |
| City average | $273 |
| Progressive | $360 |
| Allstate | $436 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
A minimum-coverage policy meets Florida’s auto insurance requirements, which include the following coverages and limits:
- Personal injury protection (PIP): $10,000 limit. Covers the initial costs of medical treatment for injuries you and/or your passengers suffer in a car accident, regardless of fault, as well as lost wages and certain other expenses.
- Property damage liability (PDL): $10,000 limit. Covers damage to other peoples’ vehicles or property in an accident you cause.
While a minimum-coverage policy offers valuable financial protection, it does not cover potential liability claims against you or many types of damage to your own vehicle. These are among the reasons to consider adding coverages that exceed the state’s minimum requirements.
Find cheap car insurance in Miami
Cheapest full-coverage car insurance in Miami
GEICO is also the cheapest company for full-coverage car insurance in Miami, offering rates that average $154 a month for a typical driver with a clean record. The companies with the next-best rates are State Farm, $291 a month, and Progressive, $499 a month.
| Company | Monthly rate |
|---|---|
| GEICO | $154 |
| State Farm | $291 |
| City average | $409 |
| Progressive | $499 |
| Allstate | $690 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
In addition to PIP, a full-coverage policy includes bodily injury liability, collision coverage and comprehensive coverage, as well as a higher PDL limit than a minimum-coverage policy.
- Bodily injury liability: in Florida, this covers the medical expenses that exceed the PIP limits of a person injured in an accident you cause.
- Collision: covers damage to your own car, generally from an accident you cause or a hit-and-run.
- Comprehensive: covers theft of your vehicle or damage to it from any cause other than a collision, including fire, flood or vandalism.
Collision and comprehensive are both typically required for a car loan or lease.
Cheapest car insurance for Miami drivers with a prior ticket or accident
GEICO also offers the cheapest full-coverage car insurance for Miami drivers with a speeding ticket, $295 a month, or an accident history, $237 a month.
The car insurance companies with the next-best rates for Miami drivers with a speeding ticket are State Farm, $318 a month, and Allstate, $690 a month.
The cheapest non-GEICO car insurance companies for Miami drivers with an accident history are State Farm, which charges $345 a month, and Progessive, $774 a month.
| Company | Monthly rate |
|---|---|
| GEICO | $295 |
| State Farm | $318 |
| City average | $508 |
| Allstate | $690 |
| Progressive | $730 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
| Company | Monthly rate |
|---|---|
| GEICO | $237 |
| State Farm | $345 |
| City average | $613 |
| Progressive | $774 |
| Allstate | $1,096 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Cheapest car insurance for Miami drivers with a DUI
GEICO offers the cheapest car insurance in Miami for drivers with a DUI, charging $307 a month for full coverage, followed by State Farm, $318 a month, and Progressive, $605 a month.
In Miami, a DUI raises the average price of full-coverage car insurance by 28% to $525 a month.
| Company | Monthly rate |
|---|---|
| GEICO | $307 |
| State Farm | $318 |
| City average | $525 |
| Progressive | $605 |
| Allstate | $869 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
What is the average cost of car insurance in Miami?
The average cost of car insurance in Miami is $273 a month for minimum coverage and $409 a month for full coverage.
Florida has some of the highest car insurance rates in the nation, and Miami has the second-highest car insurance rates among the state’s 10 largest cities, behind Hialeah.
| Location | Minimum coverage (monthly) | Full coverage (monthly) |
|---|---|---|
| Florida state average | $219 | $347 |
| Tampa | $242 | $406 |
| Miami | $273 | $409 |
| Hialeah | $300 | $444 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
Insurance companies evaluate several factors to determine your rate, including your age, ZIP code, driving record, insurance and credit history, your vehicle and the discounts you qualify to receive.
Since companies weigh each factor differently and manage their discounts differently, it’s possible to get a considerably lower rate with one company than you do with others. This is why it’s best to compare quotes from multiple companies when you shop.
Cheap car insurance for Miami teens and seniors
In addition to offering the lowest rates for a typical adult driver in Miami, GEICO also offers the cheapest car insurance to the city’s teens and senior citizen drivers.
Cheapest car insurance for Miami teens
GEICO offers the cheapest car insurance rates to teen drivers in Miami, charging 18-year-olds an average $276 a month for minimum coverage and $497 a month for full coverage. The next-best rates are available from State Farm, which charges $513 a month for minimum coverage and $813 a month for full coverage.
| Company | Monthly rate |
|---|---|
| GEICO | $276 |
| State Farm | $513 |
| City average | $657 |
| Progressive | $874 |
| Allstate | $964 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
| Company | Monthly rate |
|---|---|
| GEICO | $497 |
| State Farm | $813 |
| City average | $1,182 |
| Progressive | $1,368 |
| Allstate | $2,049 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Teens have the highest crash rate among all age groups, and this is one of the main reasons why insurance companies charge such high rates to teen drivers. Teen drivers also need time to establish a clean driving record and good credit, which are among the factors that can help young drivers qualify for more affordable rates when they reach their 20s.
Until then, teens typically qualify for better car insurance rates when added to a policy with a parent or guardian than on their own. Many companies also offer discounts to teen drivers who maintain good grades and/or complete an approved driver education course.
Cheap car insurance for Miami seniors
GEICO’s rate dominance in Miami extends to senior citizen drivers. The company offers the cheapest rates to 65-year-olds for both minimum coverage, $81 a month, and full coverage, $138 a month.
The next-cheapest car insurance company for Miami seniors is State Farm, which charges 65-year-olds $182 a month for minimum coverage and $265 a month for full coverage.
| Company | Monthly rate |
|---|---|
| GEICO | $81 |
| State Farm | $182 |
| City average | $239 |
| Progressive | $306 |
| Allstate | $387 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
| Company | Monthly rate |
|---|---|
| GEICO | $138 |
| State Farm | $265 |
| City average | $377 |
| Progressive | $454 |
| Allstate | $651 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
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How do auto insurance laws and coverages work in Miami?
No-fault auto insurance laws in Miami and elsewhere in Florida require you to file an initial claim with your own insurance company if you and/or your passengers are injured in a car accident, regardless of fault.
However, if you cause an accident, you are financially responsible for damage to other people’s vehicles and property, which is covered by your PDL.
If you cause an accident, an injured person can file a bodily injury claim against you if their medical expenses exceed their PIP limits and/or their injuries are particularly severe.
If a PDL or bodily injury liability claim against you exceeds your insurance policy’s limits, you can be held personally responsible for the shortfall.
Uninsured/underinsured motorist (UM) and medical payments are among the other important optional coverages also available in Florida.
- If you and/or your passengers are injured in an accident caused by a driver without insurance, UM covers the portion of your medical expenses that exceed your PIP limits, up to your policy’s UM limit. If the at-fault driver does not have enough liability insurance to cover your entire claim, UM covers the shortfall.
- In Florida, medical payments covers medical expenses not covered by PIP for you and/or your passengers.
Frequently asked questions about Miami car insurance
How much is car insurance in Miami?
On average, car insurance for a typical driver in Miami costs $273 a month for a minimum-coverage policy and $409 for full coverage.
Do I need car rental insurance in Miami?
If you are renting a car in Miami, you should find out how much coverage your personal car insurance and credit card provide. The insurance that credit cards provide typically only cover damage to a rented vehicle. However, you may still need liability protection and medical coverage for you and your passengers.
Is car insurance in Miami cheap?
Car insurance in Miami is generally not cheap. The city has some of the highest car insurance rates in Florida, which is one of the most expensive states for car insurance. However, you may find cheap insurance by shopping around for low rates and taking advantage of the various discounts that may be available.
Methodology
We obtained non-binding car insurance quotes for a typical driver in every Miami ZIP code through Quadrant Information Services. Unless otherwise noted, a typical driver is a 35-year-old male with a clean driving record. He owns a 2012 Honda Accord LX and drives an average 13,500 miles a year.
Minimum-coverage insurance rates are based on a policy meeting Florida’s minimum requirements for PIP and property damage liability.
Full-coverage policies include the following coverages, limits and deductibles:
- PIP: $10,000 limit
- Bodily injury liability: $100,000 per person/$300,000 per accident
- Property damage liability: $100,000
- Collision coverage: $500 deductible
- Comprehensive coverage: $500 deductible
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