Chris Tepedino is a feature writer that has written extensively about car insurance for numerous websites. He has a college degree in communication from the University of Tennessee and has experience reporting, research investigative pieces…

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states…

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Reviewed byRachael Brennan
Licensed Insurance Agent for 14 Years

UPDATED: Oct 27, 2020

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cheap auto insurance in miami

Miami, FL Quick Facts

  • Miami, FL, auto insurance is $256 per month on average.
  • The biggest factors that determine auto insurance in Flordia are age and driving record.
  • Comprehensive coverage in Miami is higher than average due to the number of thefts across the city.
  • You can save money on auto insurance if you drive less in Miami, FL.

Miami, FL auto insurance is one of the most expensive in the United States. Drivers looking for cheap auto insurance in Miami, FL, have several choices. One of those choices is to compare the best Miami, FL car insurance companies that provide affordable rates.

Our research found multiple companies that have premiums as low as $112 per month. To receive cheaper than average car insurance in Miami, FL, you’ll need to have favorable factors that determine affordable car insurance rates. Continue reading through our guide to learn how you can secure cheap car insurance in Miami, FL. 

You can get Miami’s cheapest car insurance quotes by using our FREE comparison tool. Just enter your ZIP code above to compare Miami, FL auto insurance quotes today. Find affordable Miami, FL auto insurance now.

How much is Miami, FL auto insurance on average?

We won’t keep in suspense how much you’ll pay for car insurance in Miami, FL. Here is the average cost of Miami auto insurance compared to the state and national average.

Miami, FL Average Monthly Auto Insurance Rates vs. Florida and National Average
Miami, FL Average Monthly RateFlorida Average Monthly RateNational Average Monthly Rate
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Miami’s average car insurance rate is $127 more than the national average and $64 higher than the state average. There are many reasons why Miami’s auto insurance is more expensive. Read on to learn how you can lower the average auto insurance rate in Miami.

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Miami, FL Auto Insurance Coverage Requirements

According to the Florida Highway Safety and Motor Vehicles, all drivers should carry liability coverage—which is the minimum auto insurance requirement in Florida.

Florida's Minimum Auto Insurance Requirements
CoverageRequirementsMost Common
Bodily injury liabilityNot required$100,000/$300,000
Property damage liability (PDL)$10,000$50,000
Personal injury protection (PIP)$10,000$10,000
Uninsured motorist bodily injuryNot required$10,000/$20,000
Medical paymentsNot required$5,000
CollisionNot required$500 deductible
ComprehensiveNot required$250 deductible
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A special note for drivers who are currently financing a car: some lenders in Florida may also require you to purchase comprehensive and collision coverage. Uninsured/underinsured motorist coverage and bodily injury liability coverage are optional but recommended in areas with a higher chance of vehicle theft.

Also, the cheapest car insurance in Miami, FL, differs from company to company. But if you’re still unsure about getting the right Miami, FL, auto insurance quotes, continue to the next section to learn more about how to shop for the cheapest car insurance in Miami, Florida.

Cheapest Miami, FL Auto Insurance Companies

If you live in Miami, you could be paying around $256 per month for auto insurance coverage on average. However, there are a few companies in Miami, FL, where you could pay much less. Let’s examine those companies in the data below.

Miami, FL Average Monthly Auto Insurance Rates by Company Legend: Miami 21st Century Allied Allstate Amica Liberty Mutual 15 30 45 60 75 90 105 120 135 150 $112 $120 $125 $161 $138

There are a variety of companies offering competitive rates, such as Estrella Insurance Miami. Based on our collected data, State Farm and 21st Century are the most affordable auto insurance companies in the Miami area. As a bonus, they are priced below the state average, although Miami drivers tend to pay more per month than the average Florida motorist.

Some ask, “Why is car insurance so expensive in Miami?” Miami, FL auto insurance companies consider different factors when calculating insurance quotes. Let’s continue to the next section to learn more about those factors.

Major Factors in Cheap Auto Insurance in Miami, Florida

Florida auto insurance companies consider different factors when calculating insurance quotes, including your credit score, your gender, the age of your vehicle, and your current policy limits.

There is a range of numerous items that could factor into the rate quotes you are given. While many of these things can’t be changed, anything you can do something about, a few of them are factors you can change for the better. Here are some factors which may affect your insurance premium.

Your Location

Your Miami, FL auto insurance rates may differ depending on where you live. Some companies, such as 21st Century and State Farm, will charge different auto insurance rates for a driver who lives in Miami versus a motorist in Hialeah.

Generally, highly populated cities have higher rates because the extra amount of drivers on the road increases the likelihood of an accident. The population of Miami is approximately 433,136 people, with a median household income of $28,999. Let’s review the cost of auto insurance in Miami and other popular cities to compare rates.

Miami, FL Average Monthly Auto Insurance Rates by Location Legend: Miami Orlando Jacksonville St. Petersburg Tampa 21st Century Allied Allstate Amica Liberty Mutual 15 30 45 60 75 90 105 120 135 150 $112 $62 $67 $81 $80 $120 $70 $61 $89 $103 $125 $122 $104 $145 $148 $161 $68 $68 $90 $102 $138 $71 $75 $77 $78

Car insurance companies not only use the city to determine rates, but they also use ZIP code to pinpoint the location of their customers. Here’s a list of Miami’s most expensive and least expensive ZIP codes:

  • Most Expensive ZIP Codes: 33136, 33130, 33128, 33135, 33125
  • Cheapest ZIP Codes: 33140, 33141, 33154, 33197, 33160

Remember to consider the average cost of Miami, FL auto insurance. Even the cheapest ZIP codes could be close to $256 per month. Continue reading to find more about major factors that determine Miami’s car insurance.

Automotive Accidents

If you live in a city where car accidents are common, you will likely be charged a higher insurance rate. In Miami, automobile accident statistics reflect an unfortunately high crash rate, especially for persons involved in fatal crashes.

Miami, FL Fatal Accident Statistics Legend: Miami Fatal accident count Vehicles involved in fatal crashes Fatal crashes involving drunk persons Fatalities Persons involved in fatal crashes Pedestrians involved in fatal accidents 10 20 30 40 50 60 70 80 90 100 49 70 7 50 105 28

If you have an accident in Miami, your rates could increase by $100 regardless of the damage cost. Ask your auto insurance company about accident forgiveness before you purchase your policy.

Auto Thefts in Miami

Living in a large city will increase your risk of being a victim of auto theft. If your general location has high theft rates and claims, you can expect to pay more auto insurance to offset these costs.

According to the latest FBI statistics, Miami’s total number of stolen vehicles was 2,690 in 2018. Due to the higher than average thefts per year, Miami, FL car insurance companies will charge more for comprehensive rates. Let’s compare the cost.

Miami, FL Average Monthly Basic vs. Comprehensive Auto Insurance Rates  Legend: Basic Coverage Comprehensive Coverage 21st Century Allied Allstate Amica Liberty Mutual 40 80 120 160 200 240 280 320 360 $112 $286 $120 $286 $125 $246 $161 $379 $138 $383

As you can see, adding comprehensive coverage to your auto insurance policy will significantly increase your monthly premium. Without comprehensive coverage, your car insurance company will not pay out vandalism or vehicle theft claims if you don’t have comprehensive coverage.

Your Credit Score

Why do auto insurance companies look at your credit score before they determine your rate? According to Experian, the working logic is that people with higher credit scores are more likely to pay their premiums on time each month.

This reduces the financial risk for the insurance company, and they reward their customers with lower rates. In the chart below, you can see how different rates can depend on whether you have excellent or poor credit.

Miami, FL Average Monthly Auto Insurance Rates by Credit Score Legend: Excellent Credit Poor Credit 21st Century Allied Allstate Amica Liberty Mutual 30 60 90 120 150 180 210 240 270 300 330 $241 $302 $175 $299 $97 $307 $173 $253 $163 $336

Your Age

Your age will have a significant impact on how much you pay for your car insurance. Compared to someone in their 40’s or 50’s, a young person under the age of 25 might end up paying more than double the monthly premium of someone twice their age.

Miami, FL Average Monthly Auto Insurance Rates by Age Legend: 34-Year-Old Driver 17-Year-Old Driver 21st Century Allied Allstate Amica Liberty Mutual 30 60 90 120 150 180 210 240 270 300 330 $112 $284 $120 $241 $125 $130 $161 $310 $138 $336

Now, we did mention people in their 40’s and 50’s, so let’s look at the cost of auto insurance in Miami, FL, and compare prices based on age.

Miami, FL Average Monthly Auto Insurance by Age Group
Drivers' Age GroupMiami, FL Average Monthly Rate
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The cheapest car insurance in Miami, FL, is offered to drivers in their 30’s, 40’s, and 50’s. If you consider car insurance discounts, the rates can drop much lower than average.

Your Driving Record

Before we move onto how much popular Miami car insurance companies charge, let’s look at the average cost of car insurance based on speeding tickets and severe traffic convictions.

Miami, FL Average Monthly Rates Based on Traffic Violation and Convictions
ViolationMiami, FL Average Monthly Rates
DUI/DWI Conviction$372
Reckless Driving Conviction$385
Speeding Ticket$322
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Speeding tickets have the lowest increase. Severe traffic violations can increase your average cost by $120 per month if you’re convicted of DUI or reckless driving. But what about the price of Miami auto insurance from multiple companies?

In this chart, you can see how much you can save with a clean driving record vs. the much higher rates you can expect to pay if you’ve had a minor traffic citation or committed a serious offense. Some companies, such as Liberty Mutual or State Farm, may refuse to insure you for serious traffic violations.

Miami, FL Average Monthly Auto Insurance Rates by Driving Record Legend: 116 192 262 262 Allied Allstate Amica Liberty Mutual 50 100 150 200 250 300 350 400 $147 $202 $344 $344 $125 $134 $153 $153 $161 $216 $407 $407 $138 $205 $276 Do Not Sell

Your Vehicle

The only major factor auto insurance companies care about is how much it will cost them to replace your car in a severe accident. Because luxury vehicles, such as porches, are so much more expensive than regular sedans, you can see in the chart below that monthly premiums for these automobiles are much higher.

Miami, FL Auto Insurance Rates by Make and Model Year Legend: 2015 Honda Accord 2012 Porche Boxster Spyder Liberty Mutual State Farm Amica Allied Mercury 40 80 120 160 200 240 280 320 360 $138 $399 $100 $214 $161 $382 $120 $226 $162 $279

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Minor Factors in Cheap Auto Insurance in Miami, Florida

Some factors have become small over the years. Some of them have never been major contributors when determining auto insurance. Read through this section to learn about these factors and how they might also influence the amount you pay for your insurance.

Your Marital Status

For many years, drivers have been under the impression that your marital status is a significant factor in your monthly car insurance premiums. In truth, it depends more on your insurance company than anything. Certain providers charge married couples more, while others might charge less.

Miami, FL Average Monthly Auto Insurance Rates by Marital Status
Marital StatusMiami, FL Average Monthly Rates
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Most providers don’t charge any difference at all. Even if they do, it might not amount to more than a few dollars per month. However, married couples can save a great deal of money by bundling their insurance policies together.

Your Gender

Gender is another factor that doesn’t play as big of a role in car insurance premiums as previously thought. Some providers will charge more for women, while other companies may charge more for men. Many providers don’t discriminate at all. But for those who do, it usually makes no more than a one to two percent difference in your overall premium.

Miami, FL Average Monthly Auto Insurance Rates by Gender
GenderMiami, FL Average Monthly Rates
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As predicted, there’s a small difference between male and female driver auto insurance in Miami, FL. Male drivers pay close to the average monthly cost.

Your Driving Distance to Work

Travel time to work in Miami is between 35-40 minutes. Most people drive a car alone to work, although a smaller percentage take public transportation or carpool. If you take an alternate means of transportation to work, you may be eligible for some discounts.

When comparing rates between companies, your premium may vary based on total miles driven annually and the reason you’re driving in the first place. For the most part, your reason for being on the road as well as the total number of miles driven will have a modest effect on your monthly rate.

Some auto insurance companies (but not all) may charge a moderately higher premium per month for business vehicles, but the few companies who do chare no more than two to three percent extra per month.

Your Coverage and Deductibles

The more coverage you purchase, the more you will pay in premiums each month. Also, keep in mind that higher deductibles will save you money on your monthly premium – however, it will be more expensive to get your vehicle fixed in the event of an accident.

Education in Miami, FL

Some people believe that having a better job can get you to lower monthly payments for your car insurance. But in reality, higher education can save you money on your premiums. Most of the population of Miami has either a high school diploma or an incomplete high school education.

Two major universities service the Miami area. Florida International University, a state-sponsored public university, currently educates over 31,000 enrolled students. The University of Miami, on the other hand, is a private school with a great deal of prestige. UM has over 47,000 students enrolled.

If you aren’t a mathematician, it can be almost impossible to calculate your financial risk accurately. Unlike the average automobile insurance consumer, insurance companies have a fleet of researchers and data on their side. Find out how to get a lower automobile insurance rate from your provider (or find a better insurance company).

Other Miami, Florida Facts

Miami, Florida, is one of the most expensive in Florida due to the percentage of uninsured drivers in Florida. Florida ranks 14th in states with the highest rate of uninsured drivers.

Many would describe Miami as a fantasy brought miraculously to life. Tourists and elderly retirees are frequent visitors of Miami due to the popularity of its subtropical climate and abundance of culture. Today, Miami is also the U.S. gateway to international finance, especially financial business with Latin America.

Watch this video to get tips on what you should not do if you live or visit Miami.

Miami is number on the list of top 101 cities with the largest percentage of females in Health diagnosing and treating practitioners and other technical occupations.

How We Conducted Our Auto Insurance Analysis

We calculated our average auto insurance rates based on the following metrics: a married, 34-year-old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.

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Frequently Asked Questions: Miami, FL Auto Insurance

Let’s recap what you’ve learned from our guide. These answers will give you more confidence when you start shopping for auto insurance.

Don’t hesitate to use our FREE online quote tool. If you’re ready to buy Miami, FL auto insurance, enter your ZIP code in the comparison tool below to start comparing cheap Miami, FL auto insurance now.

#1 – What drives up auto insurance rates in Miami?

Miami, FL car insurance increases if you’re a high-risk driver or have poor credit. Also, any accidents or traffic violations on your driving record could raise your car insurance rates.

#2 – How does my address affect auto insurance rates in Miami, FL?

Yes. Miami is a large metropolitan area with a dense population. Due to the number of people that reside in Miami, your chances of an accident increases. Each town in Miami carries a unique ZIP code and different challenges for auto insurance companies.

#3 – How can I get the cheapest auto insurance in Miami, FL?

The best way to get the cheapest car insurance in Miami, FL, is through comparison shopping. Use our FREE online quote tools to locate cheap auto insurance quotes in Miami, Florida.

#4 – Who offers the cheapest auto insurance in Miami, FL?

According to our research, 21 Century has the cheapest auto insurance rates. Some may argue that Mercury Insurance is the cheapest. Keep comparing and shopping around until you find the rate that meets your needs.