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Updated December 23, 2022
When shopping for car insurance in Miami, Florida, it's helpful to know how much you can expect to pay. As everyday prices continue to increase with inflation and other market factors, saving money on your car insurance may be more critical than ever — especially in a city with high average auto insurance premiums.
Minimum-coverage car insurance in Miami costs an average of $425 per month — approximately $102 more than the state average of $323 per month. Florida drivers live in the seventh most-expensive state for purchasing car insurance, with average rates comparable to New Jersey and Louisiana.
Miami is the seventh most-congested city in the United States, and Miami-Dade County has recorded more than 56,000 crashes in 2022. Purchasing car insurance protects you in an accident, so it’s important to find the right insurer for your insurance needs.
Table of contents
- How much does car insurance cost in Miami?
- Cheapest car insurance in Miami: National General
- How much car insurance do you need in Miami?
- Tips for getting cheap car insurance in Miami
- How age affects car insurance rates in Miami
- How credit scores affect cheap car insurance in Miami
- The effect of driving habits on car insurance in Miami
- Find local Miami agents
- Miami car insurance FAQs
How much does car insurance cost in Miami?
The cost of car insurance varies widely depending on factors like your vehicle type and level of insurance coverage you choose. You should compare rates from multiple providers to find the best pairing of rates and coverage to fit your needs.
Experts at Insurify analyzed the latest insurance rates in Miami to find the cheapest quotes available. Average insurance costs in Miami range from $176 for liability-only insurance to $910 per month for some full-coverage policies. Common factors that typically affect the cost of your insurance include your driving history, age, and credit score.
Cheapest liability-only insurance: National General, at $176 per month
Cheapest full-coverage insurance: GAINSCO, at $295 per month
Cheapest coverage for new/young drivers: Travelers, at $387 per month
Learn More: Cheap Auto Insurance in Florida
Cheapest car insurance in Miami: National General
National General offers the cheapest average rates in Miami. Factoring in the cost of all its liability and full-coverage options, the average rate for a policy with National General is $299 per month.
Drivers in heavy-traffic areas like Miami often receive higher rates from auto insurers trying to account for increased accident risks.
|Insurance Company||Liability Only||Full Coverage|
|Midvale Home & Auto||$427||$614|
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How much car insurance do you need in Miami?
Home to incredible beaches and a robust nightlife scene, Miami has some of the busiest roads in the country. And Florida frequently sees hurricanes and other tropical storms that affect the cost of insurance.
Florida law requires that drivers insure their vehicles with a minimum amount of coverage. Though full coverage isn’t required, drivers must have liability coverage. You’ll be required to show proof of insurance when registering your car and if you’re involved in a traffic incident or stop.
Property damage liability: Drivers are required to have $10,000 per accident for property damage liability. If you’re deemed liable in an accident, this covers the cost of repairs for the other vehicle.
Personal injury protection (PIP): Drivers must have at least $10,000 per accident for PIP coverage. This pays for medical payments, lost wages, and funeral costs.
Florida is a no-fault state, which means that the insurance providers for both involved parties will pay for expenses, regardless of fault.
Florida DMV information
The Florida Department of Highway Safety and Motor Vehicles offers online and in-person services. At the Florida DMV, you can renew your driver's license, register your vehicle, pay speeding tickets, and access safety resources.
Tips for getting cheap car insurance in Miami
Saving money on your car insurance requires a bit of work. The best action you can take to secure the lowest rate possible is to compare rates from multiple auto insurers. Each auto insurer determines its rates with varying methodology. Comparing coverage and rates from various companies helps you find the most coverage for your money.
In addition to comparing rates from multiple insurers, consider trying out the below tactics to help lower your rates:
Improve your credit score. Many insurers use credit scores as a metric for determining insurance rates. You can improve your score by paying your bills on time and lowering your debt-to-income ratio.
Buy a safer vehicle. Insurance companies will look at the make and model of your car, as well as safety features like rearview cameras, airbags, and lane sensors. Safer cars may qualify for lower rates.
Bundle your home and auto insurance. Many insurance companies offer discounts for customers who combine multiple products, like homeowners or renters insurance and auto insurance.
Check for available discounts. Check with your employer, or other membership organizations like AARP, to see if you qualify for reduced insurance through specific companies. Veterans and teachers may also be eligible for special discounts, as well as students and safe drivers.
Read More: Car Insurance Discount Guide
How age affects car insurance rates in Miami
Auto insurance providers consider your age when factoring insurance rates. In general, younger drivers pay higher rates than older drivers with more experience behind the wheel. Younger drivers are more likely to be involved in accidents, so insurance companies counter this risk with slightly higher rates for policies that include drivers under the age of 25.
Cheapest car insurance for young drivers in Miami
Young drivers can save money on car insurance by choosing a safe vehicle, maintaining good credit, and driving safely. You should also consider taking a defensive driving course and utilize available student-related discounts. The table below includes the average rates for a full-coverage policy at each company for young drivers in Miami. Travelers offers the best rate, at $387 per month.
|Insurance Company||Average Monthly Rate|
|Midvale Home & Auto||$718|
Cheapest car insurance for middle-aged drivers in Miami
Middle-aged drivers often find lower rates than young and senior drivers. You can save money by combining home and auto policies, looking for discounts through your employers, and seeking companies that offer safe-driving discounts. In the table below, you’ll find the average rates for full-coverage policies provided at each included company. National General offers the lowest rate for middle-aged drivers in Miami, at $241 per month.
|Insurance Company||Average Monthly Rate|
|Midvale Home & Auto||$513|
Cheapest car insurance for senior drivers in Miami
Senior drivers earn average rates slightly higher than middle-aged drivers. You can save money by enrolling in defensive driving courses, choosing a safe vehicle, and looking for discounts through organizations like AARP. The following table includes the cheapest quotes in Miami for senior drivers. Progressive provides the best rate, at $239 per month.
|Insurance Company||Average Monthly Rate|
|Midvale Home & Auto||$458|
How credit scores affect cheap car insurance in Miami
Your credit report provides a lot of information. While both lenders and insurance companies use this information to make decisions, insurance companies specifically look at debt, bankruptcies, credit history, and debt repayments. The insurance company uses the information on your credit report to determine an insurance score. Those with lower scores are more likely to make a claim and pay higher rates. Drivers with poor credit tend to pay higher rates than drivers with good or excellent credit.
Florida state law allows auto insurers to consider credit history when determining rates, with some guidelines and limitations in place. In 2022, Florida Statute 626.9741 went into effect and requires insurers to provide additional notifications to consumers if they use their credit score to decide on coverage.
Credit scores vary depending on the credit-scoring tool used; but they’re all similar enough that your score will likely fall into the same category for any scoring tool your insurance company uses. We’ll look at the FICO scores as a basic barometer for measuring your credit score because it's commonly used.
The following numbers estimate how insurers (and lenders) view your credit score.
Very Good: 740-799
The table below shows the different average payments based on consumer credit scores. Take a look to see how your credit score may affect your insurance premium.
|Credit Tier||Average Monthly Quote|
See More: Car Insurance Rates by Credit Tier
The effect of driving habits on car insurance in Miami
Your driving habits and record directly affect the cost of your insurance premium. Insurance providers base their premiums on several factors, including the likelihood that drivers will file a claim. Drivers with a history of DUIs, speeding, and at-fault accidents will likely receive higher rates to offset their risk. Additionally, if you regularly drive at high-risk times (at night or during storms), your premiums could be higher.
The tables below outline how different driving infractions could increase your rates.
It’s important to note that when you see a negative difference in a table, it doesn’t mean that particular insurance company lowers rates for drivers with that infraction on their records. Rather, it may mean that our sample size was small — insurers may choose to not offer policies to drivers with that infraction. Your actual rate can vary, based on a number of factors other than driving record.
Cheapest car insurance with an accident in Miami: Progressive
The average monthly rates for Miami drivers with an accident are compared to rates of people with clean records in the table below. You’ll notice that, in most cases, drivers with an accident on their record face higher rates. Take a look at average rates from some of the top insurers in the city.
|Insurance Company||Clean Record||With Accident||Difference|
|Midvale Home & Auto||$536||$739||+$203|
Cheapest car in insurance with a speeding ticket in Miami: Safeco
Similar to drivers with an accident on their record, drivers with a speeding ticket typically face increased rates than those with clean records. See how the insurers below compare.
|Insurance Company||Clean Record||With Speeding Ticket||Difference|
|Midvale Home & Auto||$536||$585||+$49|
Car Insurance in other Florida cities
Car insurance rates can vary greatly from city to city — even within the same state. Here’s a look at car insurance quotes in some other Florida cities:
Find local Miami agents
Dopazo & Associates Inc10723 SW 104th St,
Miami, FL 33176
Filer Insurance Inc9440 SW 77th Ave,
Miami, FL 33156
Morris & Reynolds Insurance14821 South Dixie Highway,
Miami, FL 33176
Butler, Buckley, Deets, Inc.6161 Blue Lagoon Dr #420,
Miami, FL 33126
Optisure Risk Partners, LLC8000 SW 117th Ave.,
Miami, FL 33183
Access Insurance Group8726 NW 26 St,
Ste 11-a, Miami, FL 33172
LLJ Risk Advisors LLC7910 NW 25th St Ste 202 C,
Miami, FL 33122
IMAX Insurance Group10368 W Flagler St,
Miami, FL 33174
NEA Insurance Group, LLC8700 W Flagler St Ste 230,
Miami, FL 33174
Corporate Financial Risk Services9703 S Dixie Hwy Ste 208,
Miami, FL 33143
Miami car insurance FAQs
Find answers to some of the most commonly asked questions about car insurance in Miami.
Insurance rates in Miami average around $425 per month. This number factors in liability and full-coverage policies and exceeds the state average of $323 per month. A number of reasons contribute to the higher-than-average insurance rates experienced by Miami drivers.
Miami ranks as one of the most congested cities in the United States, which causes a higher risk of accidents due to increased traffic. The frequency of hurricanes and tropical storms also affects insurance rates, as well as the high percentage of uninsured motorists in the state.
Miami drivers pay an average of $371 per month for liability insurance and $457 monthly for full coverage. Insurance rates in Miami exceed rates in most other major cities in Florida, with the exception of Tampa. The state of Florida has higher insurance rates than the national average of $231 per month and ranks as the country's seventh most-expensive state for purchasing car insurance, behind states like New York, Michigan, and New Jersey.
Several companies offer low rates for insurance, but the amount you pay will vary based on the coverage you need.
The three cheapest companies for full-coverage policies include GAINSCO, National General, and AssuranceAmerica. Drivers with these companies will likely pay between $279 and $315 per month on average for full-coverage policies. If you’re looking for liability-only coverage, GAINSCO, Pronto, and AssuranceAmerica offer the lowest rates, with monthly payments ranging from $176 to $215 per month. If you have an accident on your record, Progressive offers the cheapest coverage, while Safeco may be your best option if you have a history of speeding tickets.
Florida is a no-fault state, which means anyone who owns a vehicle must purchase personal injury protection coverage. In an accident, your insurance pays for injuries and medical expenses. This coverage includes individuals that live in your home, passengers in your car, someone else driving your vehicle, and pedestrians or cyclists. If a friend or family member borrows your car and is involved in an accident, your insurance will most likely cover their medical costs and the damages to your vehicle.
In more complicated cases involving a fatal accident or significant property damage, car owners would be responsible for any lawsuit under Florida’s dangerous instrumentality rule.
Maybe. If you’re visiting Florida on a temporary visa and have a valid driver’s license from another country, you may be able to purchase temporary car insurance. The state of Florida doesn’t allow undocumented residents to obtain a driver’s license, and insurance companies won’t issue an insurance policy to unlicensed drivers.
Undocumented residents won’t be able to register their vehicle without proof of insurance and a Florida state driver's license.
If saving money is your top priority when purchasing car insurance, you can do a few things to get the best rates possible.
First, choose your car wisely. Vehicles with high safety ratings and extra safety features may qualify for discounts. Second, you may also consider raising your deductible. You may qualify for lower monthly payments if you’re willing to pay more out of pocket if you’re involved in an accident. Finally, check for discounts through your employer and other organizations like AARP or teacher’s unions.
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Data scientists at Insurify analyzed more than 40 million real-time auto insurance rates from our partner providers across the United States to compile the car insurance quotes, statistics, and data visualizations displayed on this page. The car insurance data includes coverage analysis and details on drivers' vehicles, driving records, and demographic information. Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Service's database of auto insurance rates. With these insights, Insurify is able to offer drivers insight into how companies price their car insurance premiums.
- Florida Highway Safety and Motor Vehicles. "Crash Dashboard." Accessed December 20, 2022
- Florida Department of Highway Safety and Motor Vehicles. "Florida Insurance Requirements." Accessed December 23, 2022
- Florida Department of Highway Safety and Motor Vehicles. "Working to Make a Safer Florida." Accessed December 23, 2022
- Insurance Information Institute. "What determines the price of an auto insurance policy?." Accessed December 20, 2022
- Insurance Information Institute. "Credit and Insurance Scores." Accessed December 20, 2022
- The Florida Legislature. "The 2022 Florida Statutes." Accessed December 20, 2022