Best Auto Insurance Rates in Miami, Florida

On average your neighbors pay $117 a month.

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Compare Auto Insurance Quotes in Miami, FL

Average Miami Car Insurance Rates

How much is car insurance in Miami, FL? The high rate of car accidents per capita means that more claims are filed here than in most cities. Residents shouldn't be surprised to learn this means the average cost of insurance coverage in Miami is higher than the national average. The average cost of car insurance in Miami is $1,358.05 a year for men and $1,462.11 for women. This is quite a bit more than the $1,140.84 per year paid for average auto insurance in Florida. The national average cost is $866.31.

Prices will vary depending on many factors including your driving record and the total number of claims filed in your zip code.

Miami, FL Average Annual Car Insurance Rates
Coverage Men Women
Liability $867.10 $974.63
Collision $361.68 $365.15
Comprehensive $129.27 $122.33
Total Cost Per Year $1,358.05 $1,462.11
Price Per Month $113.17 $121.84
Methodology: We compared rates from three different insurance companies for single 30-year-old male and female drivers renting in Miami owning a 2010 Honda Accord. Our rate profiles defined males and females who are currently insured, clean driving record and drive less than 10,000 annual miles. Coverage includes Florida state liability minimum of $10,000/$20,000/$10,000 and 10/20/10 underinsured motorist coverage with $10,000 personal injury protection and a $500 comprehensive and collision deductible.

QuoteWizard helps you compare insurance quotes from the top national companies and local independent agents to ensure that you’re getting the best deal. Comparing quotes can help you find cheap car insurance rates near Miami, Florida and save up to 40% on your premium.

Last year, 29,917 people used QuoteWizard to get an auto insurance quotes comparison in Miami, FL from multiple companies, and find the cheapest rates.

Top 10 Vehicles in Miami

These are the top most popular car makes and models owned by Miami drivers requesting quotes through QuoteWizard last year.

  1. Honda Accord LX/EX
  2. Nissan Altima 2.5 S
  3. Ford F150
  4. Honda Civic LX/EX
  5. Toyota Corolla CE/LE/S
  6. Toyota Camry LE/XLE/SE
  7. Hyundai Sonata GLS
  8. BMW 328I
  9. Ford Explorer
  10. Toyota Yaris
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Best Car Insurance Companies in Miami

This is our list of the most popular car insurance companies reported by QuoteWizard users living in Miami, FL last year. Of these users, 3,989 did not have insurance when they requested a quote.

Other popular Miami, Florida car insurance companies: MetLife, Mercury, Country Financial, Hartford, 21st Century, American Family, Safeco, and Travelers.

Miami Drivers

A recent report by Allstate on safe driving ranked Miami, FL 123rd out of 200 cities. Most US drivers go 10 years without having an accident. Drivers here are involved in crashes every 8.2 years. Out of the 29,917 Miami drivers that used QuoteWizard to request quotes last years, 1,276 or 4.2% said they had incidents on their driving records.

Miami drivers saved up to $383 on their car insurance policies by comparing rates through our simple form.
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Driving Conditions

Driving conditions are factors that can influence insurance rates.

Weather

The weather in Miami can be described in one word: tropical. It’s hot, humid, and it rains a lot, sometimes with monsoon ferocity. Miami sees 135 days with measurable rainfall averaging nearly 62 inches a year. Regular afternoon thunderstorms can make driving quite hazardous.

Road Conditions

TRIP reports that 28% of major Miami streets are in poor condition. 35% are mediocre. These under-maintained streets contributing to the $601 a year drivers pay for extra vehicle operating costs. These additional operating costs are a direct result of driving on rough roads that damage cars. They also waste time and gas because of delays due to congestion. Rough roads are also a contributing factor in car accidents.

Traffic Congestion

TomTom's annual traffic index report has ranked Miami 7th for worst traffic congestion in the United States. An average commuter spends an extra 33 minutes per hour stuck in traffic during rush hour commutes lasting 60 minutes. 125 hours a year is wasted in commutes lasting 30 minutes.

Moving Violations

Moving violations like failure to yield, speeding, at-fault accidents, or drunk driving can add points to your driver's license and give you a bad driving record. This will drive your insurance rates higher.

Traffic Tickets

The Miami-Dade County Clerk of Courts website allows you to pay traffic citations. It also tells drivers how to contest tickets and provides helpful traffic court information.

Miami police issued more than 25,808 traffic summons for moving violations in 2014, a decrease of 28.3% from the number issued in 2013.

SR-22 or FR-44 DUI Insurance

A DUI conviction may require you to obtain an SR-22 or FR-44 form. Request a quote and we'll will connect you with local agents from top companies that specialize in Miami DUI insurance.

Car Accident Statistics

Miami Police reported 10,282 car crashes in 2016, resulting in 4,585 injuries. This was a decrease from the 10,899 accidents reported in 2015.

Traffic Fatalities

Miami reported 20 motor vehicle crashes with fatalities in 2016. This works out to a fatality rate of 6.46 per 100,000 residents.

Vehicle Theft Rates

Miami Police reported 2,300 vehicle thefts in 2016. A theft rate of 5.22 per 1,000 residents.

Legal Minimum Insurance Requirements

Miami, Florida has a minimum liability coverage requirement known as the 10/20/10 rule. This means each driver's policy must include at least the following two components:

  • Property Damage Liability (PDL): $10,000.
    The maximum your insurance company will pay for property damage caused by a car accident.
  • Personal Injury Protection (PIP): $10,000.
    The most your insurer will pay for injuries sustained in a car accident regardless of who is at fault.

Save With Car Insurance Discounts

Are you looking for cheap car insurance? Discounts are one of the best ways to lower your insurance rates. These are only a few of the auto insurance discounts available to Miami, FL drivers. Get a quote and find out whether you’re paying too much for your car insurance policy.

  1. Bundle your insurance policies. Bundling your auto with your homeowners or renters insurance could save you as much as 15%
  2. Get a new car with advanced safety features like anti-lock brakes or electronic stability control
  3. If you're 55 or older you could qualify for either the senior discount or the 55 and retired discount
  4. Active duty and retired members of the Military, National Guard, or Reserves are entitled to discounts for their service
  5. Maintain at least a B grade point average in school to qualify for the good student discount
  6. Safe driver. If you have a perfect driving record, with no tickets or accidents, you may qualify for the safe driver or accident-free discount
  7. Live in a safe zip code with low crime rates. People that live in areas with high crime and poor driving conditions file more insurance claims
  8. Drive less. Live close to work, take the bus more, etc. and you might qualify for the low mileage discount
  9. Install anti-theft devices or a car alarm system
  10. Shop around and compare low-cost Miami auto insurance quotes and discover every discount you qualify for

Car insurance agents near Miami, FL:

Sources:

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