Updated: May 20, 2024
Advertising & Editorial Disclosure
Your personal driver profile may determine the company that best fits your needs. For example, Travelers is the best company for customer service and drivers with new cars. We recommend State Farm for young adults and drivers with offenses. GEICO is the best choice for minimum coverage policies, teenagers and seniors.
MoneyGeek also analyzed companies to find the cheapest car insurance in Miami.
BestCar InsuranceMiamiTable of Contents (Jump to Your Best Fit)
Why Trust MoneyGeek? We used six independent sources, including the Florida Office of Insurance Regulation, to rank car insurance companies in Florida based on our scoring system, where we consider affordability, customer satisfaction, claims management, coverages offered and financial stability. Learn more.
The best companies for car insurance in Miami are:
GEICO received the best scores for affordability and customer satisfaction in Miami, which means it balances cost and quality service. As location can impact car insurance costs, rankings may differ across the state. Because of cost variations, the best car insurance in Florida as a whole is from State Farm.
How was this MoneyGeek score calculated?
MoneyGeek’s score for the overall best car insurance was calculated with the following weights:
Most affordable option
Good customer service
May not have the best claims satisfaction
Doesn’t have OEM coverage and gap insurance
GEICO offers Mechanical Breakdown Insurance (MBI) and accident forgiveness to protect you from the aftermath of an accident. MBI covers the repairs on your vehicle or the replacement of its car parts. It’s much like your dealer's warranty, except it applies to all parts and systems. You can also go to your preferred shop and still have the repairs covered by your policy.
This company also provides accident forgiveness for those who purchase it or earn it over time. Accident forgiveness prevents your premium from increasing after an at-fault accident, helping you save money in the long run. This can be added to your policy for free if you maintain a clean driving record. If multiple people are covered by your policy, this coverage can only be used once.
MoneyGeek collected data from nine companies to find the best car insurance in Miami. Out of these companies, GEICO ranked first based on several factors.
GEICO has the best affordability score, but State Farm has the best customer satisfaction rating. GEICO still emerges at the top because of its higher affordability and claims scores. Both companies have some of the lowest coverage scores.
We used rates for full coverage policies, and some companies weren't included in the rankings because of missing data.
| GEICO | MoneyGeek Score (out of 100)75 | Annual Premium$1,472 | Satisfaction Score (out of 5)4 | Claims Score (out of 5)2 | Coverages Score (out of 5)3 | Stability Score (out of 5)5 |
| State Farm | MoneyGeek Score (out of 100)73 | Annual Premium$1,704 | Satisfaction Score (out of 5)4 | Claims Score (out of 5)2 | Coverages Score (out of 5)3 | Stability Score (out of 5)5 |
| Travelers | MoneyGeek Score (out of 100)67 | Annual Premium$2,302 | Satisfaction Score (out of 5)4 | Claims Score (out of 5)3 | Coverages Score (out of 5)4 | Stability Score (out of 5)5 |
| Mercury | MoneyGeek Score (out of 100)65 | Annual Premium$1,978 | Satisfaction Score (out of 5)3 | Claims Score (out of 5)2 | Coverages Score (out of 5)3 | Stability Score (out of 5)3 |
| Nationwide | MoneyGeek Score (out of 100)62 | Annual Premium$2,305 | Satisfaction Score (out of 5)3 | Claims Score (out of 5)2 | Coverages Score (out of 5)4 | Stability Score (out of 5)4 |
| Allstate | MoneyGeek Score (out of 100)62 | Annual Premium$2,271 | Satisfaction Score (out of 5)3 | Claims Score (out of 5)2 | Coverages Score (out of 5)4 | Stability Score (out of 5)4 |
| Progressive | MoneyGeek Score (out of 100)57 | Annual Premium$2,793 | Satisfaction Score (out of 5)3 | Claims Score (out of 5)2 | Coverages Score (out of 5)4 | Stability Score (out of 5)4 |
| Farmers | MoneyGeek Score (out of 100)56 | Annual Premium$2,693 | Satisfaction Score (out of 5)3 | Claims Score (out of 5)2 | Coverages Score (out of 5)4 | Stability Score (out of 5)3 |
| Direct General Insurance | MoneyGeek Score (out of 100)32 | Annual Premium$3,792 | Satisfaction Score (out of 5)3 | Claims Score (out of 5)0 | Coverages Score (out of 5)3 | Stability Score (out of 5)4 |
Without considering the cost, the best companies for customer service in Miami are:
Travelers received the best scores for coverages offered and customer satisfaction. This company can give you quality customer service and more protection for your vehicle.
This company may not be the cheapest option, so you could pay more for their services. However, if you prioritize good service over cost, Travelers can be a good choice.
How was this MoneyGeek score calculated?
MoneyGeek’s score for Best for Customer Service was calculated with the following weights:
Received a high customer satisfaction rating
Offers many essential coverages
Poor claims management
No deductible modification
Travelers provides gap insurance and accident forgiveness, so you’re financially protected in case of an accident.
Loan or Lease Gap Insurance helps you pay off your car loan in case your car is totaled. It can cover the difference between your car’s market value and the remaining balance of your loan. So, if your car is worth $5,000 at the time of the accident and you have $10,000 left to pay for your loan, your policy can give you $5,000. This allows you to protect your investment by avoiding the consequences of depreciation.
Travelers has a couple of plans to keep your rates from increasing after an at-fault accident. The Responsible Driver Plan and the Premier Responsible Driver Plan weave in accident forgiveness with other coverages like Minor Violation Forgiveness, Decreasing Deductible and Total Loss Deductible Waiver.
Good customer service means a balance of good claims management, customer engagement and online and offline channels. We scored companies based on the J.D. Power customer satisfaction study and the NAIC customer complaint index. Travelers doesn't have the highest rating but is ranked at the top because of its coverage and stability scores. State Farm has the best customer satisfaction score but fell short on coverages.
Based on an analysis of affordability and service quality for policies that only meet Florida’s minimum coverage requirements, the best companies in Miami are:
Minimum coverage policies are generally the most affordable but have the least coverage. For example, your policy may not fully cover your liability costs and property damage in case of an accident. Additionally, Florida's car insurance requirements are the same regardless of your city.
How was this MoneyGeek score calculated?
MoneyGeek’s score for the Best Cheap company was calculated with the following weights:
An affordable option at $1,472 per year
Discounts for bundling, safe driving and seatbelt use
Received a high customer satisfaction rating
No discount for paying in full
Received a low claims satisfaction score
GEICO received the best scores for affordability and customer satisfaction, which means it offers the lowest rates without sacrificing quality service.
Aside from having affordable rates, GEICO gives you a lot of ways to save. Some of the more common discounts it offers are bundling, good student, multi-car and safe driving discounts. You can take advantage of these discounts since they can be easy to earn. For instance, you can get a discount if you pair your car insurance policy with another insurance product from GEICO.
GEICO also has discounts that you won’t always see from other companies. One of these is the seatbelt use discount. To get cheaper premiums, just always use your seatbelt.
Generally, a minimum coverage policy only meets the state requirements for car insurance, so it’s much cheaper than a full coverage policy. A good minimum coverage policy provides good customer service, helping you avoid the trade-off between price and quality.
For instance, GEICO is the cheapest company, but State Farm has the best customer satisfaction rating. However, State Farm’s average premium is $889 per year, which is significantly more expensive than GEICO.
The best companies for car insurance for young adults in Miami are:
State Farm received the highest scores for affordability and customer satisfaction. You can expect the lowest rates and the best service from this company. The best car insurance for young adults should be capable of giving them a wide array of coverages for affordable rates since they’re still new drivers.
How was this MoneyGeek score calculated?
MoneyGeek’s score for Best for Young Adults was calculated with the following weights:
Affordable option, at $2,003 per year
Offers good student, distant student and driver’s education discounts
Has the best customer service rating
Only has a few coverages
Low claims satisfaction rating
State Farm scored the best for affordability and customer service. It’s the cheapest option for young adults, with an average premium of $2,003 per year. It also has the highest customer satisfaction score, so you’re most likely to get quality service from this company.
State Farm's Steer Clear savings is available for drivers below 25 years old with no accidents or violations for the past three years. It includes a training program where young drivers can learn to drive safely. Its mobile app lets you track your progress and be mentored by loved ones. It can also give you a certificate once you finish the program. This discount lets you save money on your policy and aims to make you a better driver.
Young adults could benefit from affordable rates since their policies tend to be expensive. It’s also good to look for discounts and coverages for students or young drivers.
State Farm is the most affordable company for young adults, but it only has a few coverages. If you’re looking for more protection, you might have a better chance of finding more coverages from Travelers, Allstate, Progressive and Farmers.
The companies offering the best car insurance for teens on a family policy in Miami are:
GEICO’s highest scores are for affordability and customer satisfaction. A family plan is an affordable way to get car insurance for teenagers. For instance, a family plan costs $5,082 per year, but getting an individual policy for a teenager costs an average of $11,524 per year.
How was this MoneyGeek score calculated?
MoneyGeek’s score for Best for Teens was calculated with the following weights:
Affordable rates, with an average premium of $5,095 per year
Has good student and driver’s education discounts
Offers good customer service
Low claims satisfaction score
Doesn’t have OEM coverage and gap insurance
GEICO balances affordable rates and quality customer service, receiving the top scores for both.
Full-time students can get a car insurance discount if they maintain a grade point average of "B" or higher. Savings can range from $100 up to $200. You can also save by completing a driver's education course.
GEICO also offers roadside assistance and MBI, which may be useful for drivers with little road experience. Roadside assistance sends help if your car breaks down while driving. These services include towing, battery jump starting and tire changing. You can bring your vehicle anywhere for repairs, and your insurance can cover all its parts.
Car insurance for teens is expensive, so looking for affordable rates and discounts could be a good parameter when shopping for a policy. Good customer service can also make your life easier while ensuring your safety. GEICO has affordable rates and a lot of discounts but only has a few essential coverages. On the other hand, State Farm has a better J.D. Power rating for customer satisfaction, though it’s more expensive.
The best car insurance companies for seniors in Miami are:
GEICO received the best ratings for affordability and customer satisfaction. It balances cost and quality service, so seniors can avoid the possibility of expensive premiums.
Drivers in their 60s can have the same rates as drivers in their 30s to 50s. Car insurance tends to become more expensive in your 70s. You can shop around and compare rates to find more affordable policies.
How was this MoneyGeek score calculated?
MoneyGeek’s score for Best for Seniors was calculated with the following weights:
Most affordable option, at $1,365 per year
Has accident forgiveness
Good customer service
Low claims satisfaction score
Only has a few coverages
GEICO is the cheapest company for seniors, with an average premium of $1,365 per year. It also has a good customer satisfaction rating, which means it can assist you well if you have any policy concerns. In addition, this company has rental reimbursement coverage and roadside assistance.
Roadside assistance helps you get your car running in case of minor troubles on the road. It's available 24/7, and you can request service via the mobile app, online or by phone.
Rental reimbursement keeps you on the road while your car is undergoing repairs. If your vehicle has been totaled, GEICO can cover your rental for a specified period while you look for a new car.
Seniors can be considered safe drivers, but they can be at higher risk of injuries during an accident. Finding a policy with personal injury protection (PIP), medical payments coverage or discounts for defensive driving can benefit seniors.
GEICO is an affordable option, but it doesn’t have the best scores for claims satisfaction. Among the companies, you’re more likely to have a better claims experience with Travelers, but it’s more expensive.
The best car insurance for drivers with poor records in Miami are:
State Farm scored the best for affordability and customer satisfaction. You’re most likely to get cheap premiums and good customer service from this company.
Car insurance for drivers with offenses can be more expensive, but the increase in your rates depends on the severity of your offense. For example, a policy costs $3,380 per year for those with DUIs, while it only costs $2,983 per year for those with tickets.
How was this MoneyGeek score calculated?
MoneyGeek’s score for Best for Drivers With Offenses was calculated with the following weights:
An affordable option, at $1,928 per year
Has roadside assistance and rental car reimbursement coverages
Good customer service
Low claims satisfaction score
Doesn’t have OEM coverage and gap insurance
State Farm received the best scores for affordability and customer satisfaction. With an average premium of $1,928 per year, this company is your cheapest option if you have a DUI on your record. It also gives quality customer service.
You can get roadside assistance for services such as towing, gas delivery, battery replacement and repair of electrical problems. State Farm also offers rental car reimbursement that pays for your rented car while your actual car is repaired. These coverages keep your routine or plans from being interrupted due to car troubles or an accident.
Car insurance for drivers with poor records is expensive, so finding low rates and good discounts is important. State Farm is the most affordable company for drivers with DUIs, though it doesn’t have the best claims management rating. A good claims score could mean a better experience in case of an accident. In Miami, Travelers has the best claims rating, but it costs $3,868 per year.
The best car insurance companies in Miami for drivers with new cars are:
We scored the companies for this category based on their affordability and customer satisfaction for drivers with a 2022 car model. We limited our choices to companies with better or new car replacement coverage, which helps you get another car in case your vehicle has been totaled. Aside from this coverage, Travelers offers affordable policies and good customer service.
How was this MoneyGeek score calculated?
MoneyGeek’s score for Best for New Cars was calculated based on insurers offering new or better car replacement coverage and the following weights:
Most affordable option, at $2,326 per year
Offers new car replacement coverage
Has roadside assistance, rental car reimbursement and gap insurance
Low customer satisfaction score
Travelers can give you a lot of protection in case of an accident at an affordable price. It has the cheapest rates, with an average premium of $2,326 per year. It also has most essential coverages, like roadside assistance, rental car reimbursement and gap insurance.
Its new car replacement coverage comes with Premier New Car Replacement. Aside from new car replacement, it includes Loan/Lease Gap Coverage and Glass Deductible.
If you have this coverage on your policy, Travelers can replace your car with a new one in case it has been totaled within five years of ownership. You need to be the owner of a vehicle with a current or a future model year when you purchase this coverage. It only applies when you have Comprehensive and Collision coverage.
An insurance company should offer a wide range of coverages to protect a driver’s investment in their new car. Travelers offers cheap rates with a lot of coverages, though it doesn’t have the best customer satisfaction score (3.37 out of 5). Allstate has the best satisfaction score (3.45 out of 5), but its affordability score is only 0.94 out of 5.
The best car insurance in Miami offers affordable rates, quality service and financial stability. MoneyGeek gathered information on several car insurance companies to help you find a company that balances everything. When shopping for car insurance, consider following these steps.
MoneyGeek gathered information on each company’s customer service ratings. You can look for satisfaction scores on J.D. Power and complaint ratios on NAIC. It’s best to research a company through Florida's Office of Insurance Regulation website since it collects customer service data for the entire state. These numbers can help you assess the company’s reputation and service.
We used average rates based on our sample driver profile to evaluate car insurance companies in Miami. At the end of the day, rates differ for every person, as personal factors determine the cost of car insurance. These factors can be unique for everyone, so it’s best to get a quote from insurers to get an idea of how much your premium will be.
Different drivers have different needs, so there could be specific coverages that you’re looking for. Some insurers only advertise a few coverages and discounts on their websites. The availability of these coverages and discounts also depends on your location. Consider confirming with your insurer if it offers what you’re looking for.
Financial stability can tell you how well a company can meet its obligations in case of a covered loss. Therefore, it’s important to check a company’s financial strength to ensure that it can respond to your claims in the future. Big companies are usually financially stronger. Local or regional companies tend to have lower financial stability ratings.
The best car insurance in Miami depends on your needs and preferences. Here are a few common questions to guide you while shopping for car insurance.
The best overall winner is GEICO, with a MoneyGeek score of 75 out of 100. It's the cheapest company in Miami, with an affordability rating of 5 out of 5. It also received a high customer satisfaction rating of 3.77 out of 5. However, it only has a few essential coverages: rental car reimbursement and roadside assistance.
We recommend GEICO for those looking for the cheapest premiums, teenage drivers and seniors.
About Mark Fitzpatrick
Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
