Florida is the most expensive state for car insurance.Bankrate’s 2021 study on annual premiums found that the average Miami driver pays $3,314 annually for full coverage insurance, and $1,544 annually for minimal coverage insurance.Florida is one of the most expensive places to purchase car insurance. This may not be surprising considering the state’s extreme weather and the many uninsured drivers.
It is possible to find affordable rates. To find the best car insurance in Texas, our editorial team regularly reviews coverage options, pricing, discounts, and third-party ratings. These and other factors make this the best Miami car insurance for 2021.
The best car insurance companies Miami
Geico, State Farm and Progressive are the top car insurance companies in Miami, 2021. These companies were chosen for their low premiums, third party ratings, financial strength scores and discount options. They also offer policy offerings, customer service reviews, and policy offerings.
Allstate
J.D. rated Allstate as the best Florida car insurance company for customer satisfaction. Power’s 2021 U.S. Auto Insurance Study. Allstate is our most expensive provider, with an average premium for full coverage of $3,170. However, this is still less than the state average so it might be worth it to some drivers. Allstate offers discounts and add-on coverages. It also has a disappearing-deductible program which lowers your premium by $100 each year that you aren’t filing a claim, up to $500.
Geico
Geico is a well-known insurance provider that offers low rates for drivers. Geico’s average policy for full coverage in Miami costs $2,268, more than Miami’s average rate. In addition to cheap premiums, Geico also offers a variety of discounts for further savings. Additional coverage options include rental reimbursement, emergency road service and mechanical breakdown insurance.
Progressive
Progressive’s car insurance policies in Miami are slightly more costly. While the average policy’s full coverage costs $3,449 annually, it is still significantly less than Miami’s average rate. However, Progressive is a great option for drivers who want customizable coverage options. Progressive offers roadside assistance, rideshare insurance, and custom parts coverage to enhance your policy.
State Farm
State Farm is an established insurance company. Many Miami drivers depend on State Farm for their insurance needs. The average full coverage policy from State Farm costs $2,641, but drivers can apply several discounts to get a lower rate or enroll in safe driver reward programs. Although State Farm doesn’t offer any add-on coverages it has several online tools and a highly rated mobile app.
Miami has the lowest car insurance
The cost of car insurance in Florida is high, especially when compared to the national average. The average cost of car insurance in Florida pays $3,314 annually for full coverage insurance, which is significantly cheaper than Miami’s average rate. But based on our research, Allstate, Geico, Progressive, and State Farm offer cheaper policies than what the average driver pays in Miami. MetLife’s coverage is more expensive, but the provider offers lots of discounts to bring the premium down, including policy bundling.
The table above includes the cheapest car insurance rates from the most popular carriers based on market share. The cheapest insurance company does not always mean the best. These five providers offer pros and cons, and may not be the best options for all drivers in Miami.
Geico and State Farm, for example, only offer a few coverage options. Allstate and Progressive are better options for drivers who want to tailor their coverage. Geico is the only insurance company that offers a military discount, so Miami residents in the armed forces might prefer Geico over other companies. MetLife is another option for drivers looking to obtain a quote online. MetLife is the only company that doesn’t offer instant online rates.
Miami insurance requirements
Car insurance is legally required in Miami. Florida is a state that does not require drivers to have car insurance. No-fault car insurance includes:
- $10,000 in Personal Injury Protection (PIP)
- $10,000 in Property Damage Liability (PDL)
Florida does not require bodily injury liability. However, drivers must prove that they can pay damages under the “financial accountability law.”
- Per person, $10,000 bodily injury liability
- $20,000 bodily injury liability per incident
Uninsured motorist coverage must also be provided, but it can be declined in writing.
You could save money by purchasing no-fault auto insurance. Drivers in Miami may want to consider buying more coverage than is legally required. No-fault insurance does not pay for the cost of replacing a vehicle stolen or covering vehicle damages caused by an accident. Although full coverage car insurance costs more, it provides significantly greater protection.
Miami car insurance discounts
Even though car insurance in Miami can be expensive, there are ways to lower your premium. Many car insurance companies offer discounts that can save you money. One thing to consider is how the make and model of the vehicle influence premiums.
Some of the best car insurance discounts in Miami include:
- Safety features for cars:Safety features such as anti-lock brakes or anti-theft systems make it less likely that you will have to file a claim. Your insurance company may offer a discount on your comprehensive or collision policy if your vehicle has these features.
- Good student:Collegiate orteen studentsMany people who maintain a high GPA and have excellent report cards can qualify for a discount on car insurance policies.
- Reducement mileage:You are less likely to be in an accident if you drive less. Infrequent drivers may be eligible for discounts from insurance companies.
- You must pay in fullYou can usually get a small discount if you pay your annual car insurance premium in full and upfront.
Questions frequently asked
Which is the best auto insurance company?
There are many car insurance companies available, but not all of them are the best. Some companies offer low rates for drivers, while others provide customizable coverage.
What is the cost of car insurance in Miami?
Miami’s average driver pays $3,314 to get full coverage and $1,544 to get minimum coverage. Keep in mind, however, that insurance rates can vary based on certain rate factors such as your age and gender, credit score (in most States), claims history, car type, and other factors.
What amount of car insurance do you need in Miami
Miami drivers are not required to have no-fault coverage. This includes $10,000 in Personal Injury Protection and $10,000 in Property Damage Liability. Miami drivers should still consider full coverage car insurance that includes vehicle damage protection.
What is full coverage car insurance?
Minimum liability provides only the minimum coverage required, but full coverage car insurance offers much more protection. Comprehensive and collision insurance are two of the most common types of full coverage car insurance. However, it can also include other types of car insurance coverage, like uninsured motorist, underinsured motorist and personal injury protection (PIP) coverage.
