Table of content
- Best cheap car insurance companies in Miami, FL in 2024
- How much is car insurance in Miami – rates, terms
- Requirements to get auto insurance in Miami, Florida
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Cheapest insurance rates by category in 2024
- 20-year-old drivers
- 30-year-old drivers
- 40-year-old drivers
- 50-year-old drivers
- 60-year-old drivers
- 70-year-old drivers
- Good drivers
- Cheapest option after a speeding ticket
- Cheapest option for a liability-only
- Cheapest option for a DUI
- Cheapest option for a bad credit
- Teen drivers
- Married drivers
- Cheapest insurance after an incident
- Sports cars
- Military drivers
- What is an SR-22 and FR-44?
- No-fault insurance in Miami, FL
- What factors determine the cost of car insurance?
- Frequently Asked Questions
Best cheap car insurance companies in Miami, FL in 2024
| Company | Description | |
|---|---|---|
| GEICO | GEICO is known for offering affordable rates to drivers. They have a mobile app that makes it easy to manage your policy and file claims. They also offer a range of discounts, including multi-policy and safe driver discounts. |  |
| Esurance | Esurance is an online-only insurance company that offers competitive rates. They have a simple and easy-to-use website that makes it easy to get a quote and manage your policy. They also offer a range of discounts, including multi-policy and safe driver discounts. |  |
| State Farm | State Farm is a well-known insurance company that offers a range of coverage options at affordable rates. They have a mobile app that makes it easy to manage your policy and file claims. They also offer a range of discounts, including multi-policy and safe driver discounts. |  |
| Allstate | Allstate is another well-known insurance company that offers a range of coverage options at affordable rates. They have a mobile app that makes it easy to manage your policy and file claims. They also offer a range of discounts, including multi-policy and safe driver discounts. |  |
| Progressive | Progressive is known for offering affordable car insurance Miami to drivers, as well as a range of coverage options. They have a mobile app that makes it easy to manage your policy and file claims. They also offer a range of discounts, including multi-policy and safe driver discounts. |  |
How much is car insurance in Miami – rates, terms
Car insurance rates in Miami can vary depending on a number of factors. These include your age, driving history, the type of car you drive, and the amount of coverage you choose. However, it’s possible to find affordable car insurance in Miami if you know where to look.
The cost of such an option in Miami can be high, but it’s possible to find affordable rates by shopping around and taking advantage of discounts. It’s important to understand the different types of coverage available and choose a policy that provides the protection you need at a price you can afford.
Table: Average car insurance costs for Miami, Florida based on different levels of coverage
| Coverage Level | Average Annual Car Insurance Cost |
|---|---|
| State Minimum Coverage | $1,600 |
| Basic Coverage | $2,200 |
| Standard Coverage | $2,500 |
| Full Coverage | $3,200 |
Requirements to get auto insurance in Miami, Florida
There are the following requirements to get it:
- Proof of Florida residency: You must provide proof that you are a Florida resident in order to get auto insurance in the described location. This can include a driver’s license, utility bill, or lease agreement.
- Valid driver’s license: You must have a valid driver’s license in order to get auto insurance in Miami.
- Vehicle registration: You must have your vehicle registered with the Florida Department of Highway Safety and Motor Vehicles in order to get auto insurance in Miami.
- Personal information: You will need to provide personal information such as your name, address, and date of birth in order to get auto insurance in the definite state.
- Vehicle information: You will need to provide information about the vehicle you want to insure, including the make, model, and year.
- Insurance coverage selection: You will need to choose the level of insurance coverage you want, such as liability-only or full coverage.
- Payment information: You will need to provide payment information in order to purchase auto insurance in Miami.
Cheapest insurance rates by category in 2024
Finding affordable insurance rates can be a challenge, but it’s important to know that there are many factors that can impact the cost of insurance. In Florida, there are several categories of insurance that you can purchase, each with its own set of factors that can impact the cost. By understanding these categories and the factors that influence the rates, you can better navigate the market and find the cheapest insurance rates in Miami, FL.
20-year-old drivers
| Company | Average Annual Rate for 20-Year-Old Driver | Terms and Features |
|---|---|---|
| GEICO | $3,000 | Multi-car and safe driver discounts, online and mobile app access, 24/7 customer service |
| State Farm | $3,300 | Steer Clear safe driver program, Drive Safe & Save program, rental reimbursement coverage |
| Esurance | $3,500 | Fast and easy online quote process, personalized coverage recommendations, discounts for good driving and multiple policies |
| Progressive | $3,600 | Name Your Price Tool for customizing coverage and price, Snapshot safe driver program, online claims filing and tracking |
| Allstate | $3,800 | Drivewise safe driver program, accident forgiveness, new car replacement coverage |
| Clearcover | $2,800 | Easy online quotes and policy management, personalized coverage options, no hidden fees |
| Kin Insurance | $2,900 | Online quotes and policy management, customizable coverage options, great customer service |
| Lemonade | $3,000 | Online claims filing and tracking, fast and easy sign-up process, affordable rates |
| Metromile | $3,100 | Pay-per-mile insurance model, mobile app for tracking mileage and managing policy, roadside assistance included |
| Branch | $3,200 | Fast and easy online quotes, personalized coverage options, no fees for cancelling or making changes to policy |
30-year-old drivers
Table: Best 10 companies offering car insurane for 30-year-old drivers in Miami, FL:
| Company | Average Annual Rate for 30-Year-Old Driver |
|---|---|
| GEICO | $1,400 |
| State Farm | $1,500 |
| Esurance | $1,600 |
| Progressive | $1,700 |
| Allstate | $1,800 |
| Clearcover | $1,300 |
| Kin Insurance | $1,400 |
| Lemonade | $1,500 |
| Metromile | $1,600 |
| Branch | $1,700 |
40-year-old drivers
| Company | Average Annual Rate for 40-Year-Old Driver |
|---|---|
| GEICO | $1,200 |
| State Farm | $1,300 |
| Esurance | $1,400 |
| Progressive | $1,500 |
| Allstate | $1,600 |
| Clearcover | $1,100 |
| Kin Insurance | $1,200 |
| Lemonade | $1,300 |
| Metromile | $1,400 |
| Branch | $1,500 |
50-year-old drivers
| Company | Average Annual Rate for 50-Year-Old Driver |
|---|---|
| GEICO | $1,100 |
| State Farm | $1,200 |
| Esurance | $1,300 |
| Progressive | $1,400 |
| Allstate | $1,500 |
| Clearcover | $1,000 |
| Kin Insurance | $1,100 |
| Lemonade | $1,200 |
| Metromile | $1,300 |
| Branch | $1,400 |
60-year-old drivers
As drivers get older, they may be able to qualify for lower car insurance rates. This is because older drivers tend to have more experience on the road and are often considered less of a risk by insurance companies. Here’s a table with companies offering the following rates for 60-year-old drivers in Miami, FL:
| Company | Average Annual Rate for 60-Year-Old Driver |
|---|---|
| GEICO | $1,000 |
| State Farm | $1,100 |
| Esurance | $1,200 |
| Progressive | $1,300 |
| Allstate | $1,400 |
| Clearcover | $900 |
| Kin Insurance | $1,000 |
| Lemonade | $1,100 |
| Metromile | $1,200 |
| Branch | $1,300 |
70-year-old drivers
As drivers get older, they may be able to qualify for lower car insurance rates. This is because older drivers tend to have more experience on the road and are often considered less of a risk by companies offering the very services. Here’s a table with companies offering car insurance rates for 60-year-old drivers in the described city:
| Company | Average Annual Rate for 60-Year-Old Driver |
|---|---|
| GEICO | $1,000 |
| State Farm | $1,100 |
| Esurance | $1,200 |
| Progressive | $1,300 |
| Allstate | $1,400 |
| Clearcover | $900 |
| Kin Insurance | $1,000 |
| Lemonade | $1,100 |
| Metromile | $1,200 |
| Branch | $1,300 |
Best insurance for Good drivers
There are several programs offered for good drivers in Miami, Florida. These programs are designed to reward safe driving habits and offer discounts on car insurance premiums. Here are a few examples of such programs for good drivers in the described state:
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- Safe driver discounts: Many insurance companies offer discounts for drivers who have a clean driving record and no accidents or tickets. These discounts can vary depending on the company and the length of time you’ve been a safe driver.
- Usage-based insurance: Usage-based programs use telematics devices to track your driving habits and offer discounts based on how safely you drive. For example, some programs may offer discounts for drivers who don’t speed, brake hard, or drive during high-risk times.
- Pay-per-mile insurance: Pay-per-mile programs charge drivers based on the number of miles they drive each month. This can be a good option for drivers who don’t drive very much and want to save money on their insurance premiums.
- Accident forgiveness: Some companies offer accident forgiveness programs, which allow drivers to have one accident without it affecting their insurance rates. This can be a valuable program for good drivers who want to protect their rates in case of an accident.
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By taking advantage of these programs, good drivers in Miami can save money on their car insurance premiums. It’s always a good idea to shop around and compare quotes from multiple companies to find the best deal for you.
Cheapest insurance after a speeding ticket
Getting a speeding ticket in Miami can be costly, not only in terms of the ticket itself but also in terms of increased car insurance premiums. After a speeding ticket, the rates can go up significantly, but there are still options for finding the cheapest insurance in Miami.
It’s difficult to give an exact cost for the cheapest car insurance after a speeding ticket in Miami, as rates can vary widely depending on a number of factors such as driving history, location, and the type of car you drive. However, here are some examples of rates and terms for car insurance after a speeding ticket:
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- GEICO: It offers affordable rates for drivers with speeding tickets. For example, a 30-year-old driver with a speeding ticket could expect to pay around $1,800 per year for full coverage.
- State Farm: It offers competitive rates for drivers with speeding tickets, as well as a safe driving program called Steer Clear. A 30-year-old driver with a speeding ticket could expect to pay around $2,000 per year for full coverage.
- Allstate: It offers accident forgiveness for drivers with a clean record outside of the speeding ticket. A 30-year-old driver with a speeding ticket could expect to pay around $2,200 per year for full coverage.
- Esurance: It offers customizable coverage options and discounts for safe driving. A 30-year-old driver with a speeding ticket could expect to pay around $2,500 per year for full coverage.
- Progressive: It offers a safe driving program called Snapshot, which tracks driving habits and offers discounts for safe driving. A 30-year-old driver with a speeding ticket could expect to pay around $2,700 per year for full coverage.
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Keep in mind that these rates are just examples and may not reflect the exact rate you will receive from each company. It’s always a good idea to shop around and compare quotes from multiple insurance companies to find the best deal for you. Additionally, these rates may vary depending on the severity of the speeding ticket and other factors specific to your situation.
The cheapest option for a liability-only
Liability-only car insurance is the most basic form of the described service, covering damage or injury you cause to others in an accident. If you’re looking for the cheapest car insurance option in Miami, liability-only may be the way to go.
Rates and terms for car insurance for liability-only coverage in Miami will vary depending on a number of factors, such as your driving history, location, age, and the type of car you drive. Here are a few examples of rates and terms you might encounter when shopping for liability-only car insurance in the state:
- GEICO: It offers liability-only coverage starting at around $400 per year for drivers. This coverage includes bodily injury liability and property damage liability, with limits of $10,000 per person and $20,000 per accident for bodily injury, and $10,000 per accident for property damage.
- State Farm: It offers liability-only coverage starting at around $450 per year for drivers. This coverage includes bodily injury liability and property damage liability, with limits of $25,000 per person and $50,000 per accident for bodily injury, and $10,000 per accident for property damage.
- Allstate: It offers liability-only coverage starting at around $500 per year for drivers. This coverage includes bodily injury liability and property damage liability, with limits of $10,000 per person and $20,000 per accident for bodily injury, and $10,000 per accident for property damage.
- Progressive: It offers liability-only coverage starting at around $450 per year for drivers. This coverage includes bodily injury liability and property damage liability, with limits of $10,000 per person and $20,000 per accident for bodily injury, and $10,000 per accident for property damage.
Cheapest option for a DUI
It’s important to note that getting a DUI can significantly increase your rates, and in some cases, some companies may not offer coverage at all. However, here’s a table with 10 companies that may offer car insurance for drivers with a DUI in Miami, along with their average annual rates and coverage terms:
| Company | Average Annual Rate for Driver with DUI | Coverage Terms |
|---|---|---|
| GEICO | $3,500 | Liability, collision, and comprehensive coverage options available |
| State Farm | $4,000 | Liability, collision, and comprehensive coverage options available |
| Progressive | $4,500 | Liability, collision, and comprehensive coverage options available |
| Allstate | $5,000 | Liability, collision, and comprehensive coverage options available |
| Esurance | $5,500 | Liability, collision, and comprehensive coverage options available |
| Liberty Mutual | $6,000 | Liability, collision, and comprehensive coverage options available |
| Nationwide | $6,500 | Liability, collision, and comprehensive coverage options available |
| Farmers | $7,000 | Liability, collision, and comprehensive coverage options available |
| Direct Auto | $8,000 | Liability coverage only |
| The General | $9,000 | Liability coverage only |
Cheapest for a bad credit
Having bad credit can unfortunately lead to higher car insurance rates. Insurance companies may view those with bad credit as higher-risk drivers and therefore charge higher premiums. However, it’s still possible to find affordable car insurance rates with some companies. Here are some examples of the cheapest car insurance rates for drivers with bad credit in Miami:
- GEICO: It may offer some of the cheapest car insurance rates for drivers with bad credit. On average, a driver with bad credit can expect to pay around $2,000 per year.
- State Farm: It also offers relatively affordable rates for drivers with bad credit. On average, a driver with bad credit can expect to pay around $2,500 per year.
- Progressive: It may be a good option for drivers with bad credit who are looking for affordable car insurance rates. On average, a driver with bad credit can expect to pay around $3,000 per year.
- Allstate: It may also offer relatively affordable car insurance rates for drivers with bad credit. On average, a driver with bad credit can expect to pay around $3,500 per year.
Teen drivers
Table: The cheapest car insurance rates for teen drivers in Miami, along with their average annual rates:
| Company | Average Annual Rate for Teen Driver |
|---|---|
| GEICO | $3,500 |
| State Farm | $4,500 |
| Progressive | $5,000 |
| Allstate | $6,000 |
Married drivers
Married drivers may be eligible for special car insurance offers in Miami. Insurance companies may view married drivers as lower-risk than single drivers, and as a result, offer them lower car insurance rates. Here are a few potential ways that married drivers can save on car insurance in Miami, FL:
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- Bundling policies: Married couples may be able to save on car insurance by bundling their policies with the same insurance company. For example, if you and your spouse have separate car insurance policies, you may be able to save money by combining them into one policy.
- Multi-car discounts: Married couples who own more than one car may be eligible for multi-car discounts. This means that you can save money by insuring multiple cars with the same insurance company.
- Safe driver discounts: Many companies offer safe driver discounts to drivers who have a clean driving record. If you and your spouse both have good driving records, you may be able to save money on car insurance.
- Good credit discounts: The companies may offer discounts to drivers with good credit. If you and your spouse both have good credit scores, you may be able to save money on car insurance.
- Group discounts: Some companies offer group discounts to members of certain organizations or employers. If you or your spouse are members of a qualifying group, you may be able to save money on car insurance.
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Cheapest option after an incident
Many companies offer programs that can help drivers after an incident in Miami. Here are some examples of insurance companies and the programs they offer:
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- Progressive: It offers a program called “Accident Forgiveness,” which allows drivers to have an at-fault accident forgiven and not count against their insurance rates.
- Allstate: It offers a program called “Allstate Accident Forgiveness,” which is similar to Progressive’s program.
- State Farm: It offers a program called “Drive Safe & Save,” which rewards safe driving with lower rates.
- Nationwide:It offers a program called “SmartRide,” which uses telematics to track driving behavior and reward safe driving with lower rates.
- GEICO: It offers a program called “DriveEasy,” which uses telematics to track driving behavior and offer personalized feedback to help drivers improve their habits.
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Sports cars
| Car Make and Model | Average Annual Insurance Rate |
|---|---|
| Chevrolet Camaro | $4,000 |
| Dodge Challenger | $4,500 |
| Ford Mustang | $5,000 |
| Nissan GT-R | $6,000 |
| Porsche 911 | $7,000 |
| BMW M3 | $8,000 |
| Audi R8 | $9,000 |
| Mercedes-Benz AMG GT | $10,000 |
| Lamborghini Huracan | $12,000 |
| Ferrari 488 | $14,000 |
Military drivers
Military drivers in Miami may be eligible for car insurance programs and discounts. Here are some examples of programs and their average costs:
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- USAA: It is a company that specializes in serving military members and their families. They offer a range of car insurance programs and discounts, including a military installation discount and a safe driver discount. On average, military drivers in Miami can expect to pay around $1,500 per year.
- GEICO: It offers a military discount to active duty and retired military members. They also offer discounts for safe driving and multi-policy discounts. On average, military drivers in Miami can expect to pay around $2,000 per year.
- State Farm: It offers a military discount to active duty and retired military members. They also offer a safe driver discount and multi-policy discounts. On average, military drivers in Miami can expect to pay around $2,500 per year.
- Allstate: It offers a military discount to active duty and retired military members. They also offer discounts for safe driving and multi-policy discounts. On average, military drivers in Miami can expect to pay around $3,000 per year.
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What is an SR-22 and FR-44?
An SR-22 and an FR-44 are both types of financial responsibility forms that drivers may be required to file with their company after a serious driving violation. These forms certify that the driver has adequate liability coverage, and they are typically required for a certain period of time, depending on the violation. Here’s what you need to know about SR-22s and FR-44s:
What is an SR-22?
An SR-22 is a form that is filed with the state to prove that a driver has adequate liability coverage. SR-22s are typically required for drivers who have been convicted of certain serious driving violations, such as driving under the influence (DUI) or driving without insurance. The SR-22 form is filed by the company on behalf of the driver, and it certifies that the driver has the required amount of liability insurance coverage.
What is an FR-44?
An FR-44 is a similar form that is required in some states, including Florida and Virginia. Like the SR-22, the FR-44 certifies that the driver has the required amount of liability insurance coverage. However, the FR-44 typically requires higher liability limits than the SR-22, making it a more expensive form of insurance.
Comparison Table
Here’s a comparison table that outlines the differences between SR-22 and FR-44 insurance:
| SR-22 | FR-44 | |
|---|---|---|
| Required by | Drivers with serious driving violations | Drivers with serious driving violations in Florida and Virginia |
| Insurance Limits | Varies by state and violation, typically lower than FR-44 | Higher than SR-22, typically $100,000/$300,000 |
| Cost | Varies by state and violation, typically less than FR-44 | More expensive than SR-22 due to higher liability limits |
| Duration | Typically required for 3 years, but varies by state and violation | Typically required for 3 years, but varies by state and violation |
No-fault insurance in Miami, FL
No-fault insurance is designed to cover medical expenses and lost wages resulting from a car accident, regardless of who was at fault for the accident. In Florida, all drivers are required to carry a minimum of $10,000 in PIP coverage.
If you are injured in a car accident in Miami, your PIP insurance will cover your medical expenses and lost wages up to the limits of your policy. This coverage applies regardless of who was at fault for the accident. However, it’s important to note that PIP insurance does not cover property damage or liability for injuries or damage caused to others.
There are several car insurance programs available for no-fault insurance in Miami, Florida. Here are a few examples:
- Progressive: It offers a variety of discounts for drivers in Miami, including a safe driver discount, multi-car discount, and multi-policy discount. They also offer a program called Snapshot, which uses telematics to track driving behavior and can help drivers save money on their insurance premiums.
- State Farm: It offers a range of discounts for drivers in Miami, including a safe driver discount and a good student discount. They also offer a program called Drive Safe & Save, which uses telematics to track driving behavior and reward safe driving with lower rates.
- GEICO: It offers a variety of discounts for drivers in Miami, including a multi-car discount and a multi-policy discount. They also offer a program called DriveEasy, which uses telematics to track driving behavior and offer personalized feedback to help drivers improve their habits.
- Allstate: It offers a range of discounts for drivers in Miami, including a safe driver discount, multi-policy discount, and early signing discount. They also offer a program called Drivewise, which uses telematics to track driving behavior and can help drivers save money on their insurance premiums.
What factors determine the cost of car insurance?
The cost of car insurance can vary widely depending on a number of different factors. Here are some of the most important factors that determine the cost of car insurance:
- Driving Record: Your driving record is one of the most important factors that companies consider when determining your insurance rates. If you have a history of accidents, traffic violations, or DUIs, you may be considered a higher risk driver and will likely pay more for insurance.
- Age and Gender: Younger drivers, particularly teenagers, tend to pay more for car insurance due to their lack of experience on the road. Additionally, male drivers typically pay more than female drivers because statistics show that men are more likely to be involved in accidents.
- Type of Car: The make and model of your car can also affect your rates. Cars that are expensive to repair or replace, or that are known for high accident rates, will generally cost more to insure.
- Location: Where you live can also affect your rates. If you live in an area with high crime rates or a high incidence of accidents, your rates will likely be higher.
- Credit Score: In some states, your credit score can also affect your rates. Such companies use credit scores as a way to predict how likely you are to file a claim.
- Coverage Amount: The amount of coverage you choose can also affect your rates. Higher levels of coverage will typically cost more than lower levels of coverage.
- Deductible Amount: The deductible is the amount you pay out of pocket before your coverage kicks in. Choosing a higher deductible can lower your rates, but it also means you’ll have to pay more out of pocket if you’re involved in an accident.
- Discounts: Finally, many companies offer discounts for things like safe driving, bundling multiple policies, and having certain safety features on your car. Taking advantage of these discounts can help you save money on your car insurance.
Frequently Asked Questions
Question: Can I drive in Miami with insurance from another state?
Answer: If you’re visiting Miami from another state, your out-of-state car insurance policy may provide coverage in Florida. However, it’s a good idea to check with your company to make sure you have adequate coverage and to find out if there are any restrictions or limitations.
Question: What should I do if I’m involved in a car accident in Miami?
Answer: If you’re involved in a car accident in this described state, make sure everyone is safe and call 911 if anyone is injured. Exchange information with the other driver(s) involved, take photos of the damage, and report the accident to your company as soon as possible.
Question: Are there any car insurance discounts available in Miami?
Answer: Yes, many companies offer discounts for things like safe driving, bundling multiple policies, and having certain safety features on your car. Be sure to ask your company about any discounts you may be eligible for.
Question: What is the minimum amount of car insurance required in Miami?
Answer: In Miami and throughout the state of Florida, drivers are required to carry a minimum of $10,000 in personal injury protection (PIP) coverage and $10,000 in property damage liability (PDL) coverage.
Question: Is it possible to get car insurance with a suspended license in Miami?
Answer: It’s unlikely that you will be able to get car insurance with a suspended license in Miami or anywhere else. If your license has been suspended, you may need to wait until it is reinstated before you can get car insurance again.