Car Insurance in Miami
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Car Insurance in Miami, FL
Home to miles of pristine, white-sand beaches that line the Atlantic Ocean and Biscayne Bay, Miami attracts thousands of new residents each year. As Florida's second most-populated city, over 450,000 people live in Miami. The metropolis attracts over 26.5 million visitors annually, leading to busy roads and interstates, particularly along Florida's Turnpike and the Dolphin Expressway.
Drivers new to the city quickly learn its quirks, such as the SunPass electronic prepaid toll system, which allows you to pay a reduced fee on toll costs by paying through your stored account balance.
Miami is known for being an expensive city for car insurance, whether you're seeking a liability policy or comprehensive coverage. It follows Florida's auto insurance coverage requirements, including a minimum of $10,000 in property damage liability and personal injury protection.
If you're seeking new coverage, comparing car insurance quotes in Miami is a good idea. Read on to learn how you can score a great deal through EverQuote.
How much is car insurance in Miami, FL?
The overall expense of car insurance in Miami largely depends on the coverage options you're interested in. To provide a general idea of what you might pay, below are the average costs for the three most popular types of coverage in the city:
State Minimum
Full 50/100
Full 100/300
Auto Insurance Cost Methodology
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What are the cheapest cars to insure in Miami?
Evaluating and comparing the insurance costs for each possible car make, model, and year within the city can be a complex task. Nevertheless, if you're interested in identifying which recent models generally offer more cost-effective insurance, take a look at these top 10 most budget-friendly car makes and models in Miami:
| Rank | Make and Model | Average Monthly Premium |
|---|---|---|
| 1 | Subaru Forester | $282 |
| 2 | Honda Cr-V | $285 |
| 3 | Ford F-150 | $298 |
| 4 | Honda Odyssey | $303 |
| 5 | Toyota Corolla | $306 |
| 6 | Toyota Tacoma | $312 |
| 7 | Chevrolet Silverado | $312 |
| 8 | Toyota Rav4 | $314 |
| 9 | Kia Sol | $320 |
| 10 | Toyota Tundra | $320 |
| Avg. premiums are weighted by zip code population sizes. Data accurate as of July 1, 2024 | ||
How do claims and violations impact my total cost?
Your driving history plays a critical role in determining your car insurance premiums. Various driving incidents, including minor collisions, major accidents, speeding tickets, DUIs, or hit-and-run occurrences, can affect your insurance rates in the city. Here's a view of how common claims and violations can change your rates in Miami, listed from the least impactful to the most impactful:
| Violation or Claim | Average Monthly Cost | Price Difference |
|---|---|---|
| No Claims or Violations | $314 | - |
| Not at-fault Accident | $341 | +9% |
| Driving with expired registration | $370 | +18% |
| Speeding Ticket | $403 | +28% |
| DUI | $438 | +39% |
| At-fault Accident | $462 | +47% |
| Driving with a suspended license | $469 | +49% |
| Hit and Run | $482 | +54% |
What car insurance discounts can I get in Miami?
In Miami, there are numerous discounts available to help reduce the cost of your insurance. These include bundling policies, paying your entire premium upfront, switching to paperless billing, and securing renewal discounts, among others. Below, you will find a list of these discounts ranked from the greatest to the least in terms of savings potential, offering you a clear view of the opportunities to lower your expenses:
| Potential Discounts | Average Monthly Cost | Monthly Savings |
|---|---|---|
| Multi-Policy Home | $280 | +$34 |
| Paid in Full | $283 | +$31 |
| Low Mileage | $299 | +$15 |
| Multi-Policy Renters | $301 | +$13 |
| Renewal discount | $305 | +$9 |
| Electronic Funds Transfer | $309 | +$5 |
| Paperless | $310 | +$4 |
| None | $314 | - |
Premiums are sourced from over 30,000 zip codes across 200 insurance companies. We estimate premiums based on public filings for policies seeking 50/100 in liability with $500 deductibles for collision and comprehensive coverage. Estimated rates are based on a 35-year-old single female with a good credit score and no history of accidents or violations driving a 2023 Toyota RAV4 LE. We partner with Quadrant Information Services to source our data and assume no unique benefits or discounts are applied for these rates (unless otherwise stated). Your own rates may be different.