In Miami, GEICO offers the lowest annual rate for minimum coverage at $816, while Travelers is cheapest for full coverage at $2,055 per year. Mercury, State Farm and Nationwide also offer competitive rates in the city.
Car Insurance in Miami
Updated: August 12, 2025
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Key Takeaways
Miami's cheapest car insurance companies are Travelers, GEICO and State Farm, with savings up to 45% compared to the city average.
Monthly car insurance costs in Miami average $315 for full coverage and $134 for minimum coverage.
To find the best cheap auto insurance in Miami, compare quotes from multiple sources and choose coverage that matches your needs.
Who Has the Cheapest Car Insurance in Miami?
| Travelers | $78 | $171 | -45% |
| GEICO | $68 | $217 | -37% |
| State Farm | $102 | $214 | -30% |
| Mercury | $98 | $237 | -25% |
| Nationwide | $127 | $271 | -12% |
Cheapest Miami Car Insurance by Category
Travelers offers the cheapest rates in five of Miami's driver categories, including for young drivers and those with accidents. GEICO provides the most affordable coverage for seniors and drivers with bad credit, while State Farm wins for those with a DUI.
| Young Drivers | Travelers | $168 |
| Adult Drivers | Travelers | $78 |
| Senior Drivers | GEICO | $75 |
| Drivers With an Accident | Travelers | $106 |
| Drivers With a DUI | State Farm | $110 |
| Drivers With a Speeding Ticket | Travelers | $100 |
| Drivers With Bad Credit | GEICO | $94 |
| Drivers With Newer Cars | Travelers | $54 |
| Drivers With Old Cars | GEICO | $50 |
Compare the Cheapest Miami Car Insurance for You
Your driving record and personal details can change your car insurance rates by thousands of dollars. Check the table below to find the cheapest insurance companies for your specific driver profile.
Data filtered by:Results filtered by:
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Age Group:Adult Drivers
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Gender:Male
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Coverage Level:State Minimum Liability Only
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Credit:Good
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Driving Record:Clean
| GEICO | $68 | $816 | -51% |
| Travelers | $78 | $940 | -44% |
| State Farm | $102 | $1,221 | -27% |
| AIG | $123 | $1,474 | -12% |
| Nationwide | $127 | $1,522 | -9% |
Best Car Insurance Companies in Miami
Miami's leading car insurance companies are Travelers, GEICO, State Farm, Mercury and Nationwide. These providers stand out for offering competitive rates, quality customer service and comprehensive coverage options.
| Travelers | 98 | 1 | 1 | 4 |
| GEICO | 91 | 2 | 5 | 7 |
| State Farm | 90 | 3 | 3 | 7 |
| Mercury | 90 | 4 | 4 | 5 |
| Nationwide | 86 | 5 | 6 | 4 |
Travelers: Best Overall Service
pros
Excellent claims handling experience
Multiple coverage customization options
Strong discounts across driver categories
cons
Higher rates for drivers with DUIs
COMPANY HIGHLIGHTS
Travelers ranks first among Miami insurers thanks to outstanding customer service and broad coverage options. The company excels in handling claims and offers extensive policy customizations. Miami drivers particularly benefit from Travelers' strong performance across multiple categories - it's the top choice for young drivers, those with newer cars, and even those with accidents or tickets on their record.
GEICO: Best for Affordable Basic Coverage
pros
Competitive basic coverage rates
Easy online quote process
Strong mobile app features
cons
Limited add-on coverage options
COMPANY HIGHLIGHTS
GEICO stands out as Miami's second-ranked insurer by offering straightforward, affordable coverage. The company makes insurance shopping simple with user-friendly digital tools and competitive rates. GEICO particularly appeals to senior drivers and those with older cars, offering them some of the most competitive rates in Miami. While add-on coverage options are limited, GEICO delivers reliable basic protection at budget-friendly prices.
How Much Is Car Insurance in Miami?
In Miami, minimum coverage costs $134 per month or $1,613 per year, ranking 611th out of all Florida cities for affordability. Full coverage averages $315 monthly or $3,786 annually, ranking 533rd among Florida cities.
| Full Coverage | $315 | $3,786 |
| Minimum Coverage | $134 | $1,613 |
Miami Car Insurance Cost by Category
In Miami, monthly car insurance rates range from $97 to $738 based on your driver category. Check the table below to see rates for your profile.
| Young Drivers | $302 | $738 |
| Adult Drivers | $134 | $315 |
| Senior Drivers | $171 | $407 |
| Drivers With an Accident | $189 | $447 |
| Drivers With a DUI | $185 | $421 |
| Drivers With a Speeding Ticket | $159 | $384 |
| Drivers With Bad Credit | $181 | $371 |
| Drivers With Newer Cars | $105 | $244 |
| Drivers With Old Cars | $97 | $221 |
Miami Car Insurance Costs by ZIP Code
In Miami, car insurance rates by ZIP code range from $120 to $417 per month. ZIP code 33169 is the most expensive, while 33131 is the cheapest. Check the average rates for your ZIP code on the table below.
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ZIP Code:33169
| 33169 | $178 | $417 |
Compare Personalized Miami Car Insurance Costs
After reviewing basic rate factors, see how Miami car insurance costs change when combining key elements like your age and driving record to match your exact profile.
Data filtered by:Results filtered by:
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Age Group:Adult Drivers
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Gender:Male
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Coverage Level:State Minimum Liability Only
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Credit:Good
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Driving Record:Clean
| $113 | $1,352 | 44% |
How to Get the Best Cheap Miami Car Insurance
Miami drivers face some of the highest car insurance rates in Florida, but you don't have to settle for expensive premiums. Our step-by-step guide will show you proven ways to find cheaper coverage while maintaining the protection you need.
- 1
Know your coverage needs
Start by determining exactly how much coverage you need for Miami's busy streets. Consider your car's value, your savings and your risk tolerance. Use our car insurance coverage needs calculator to get a personalized recommendation based on your situation.
- 2
Explore alternative coverage types
Different types of car insurance can save you money while meeting your needs. If you drive infrequently, consider pay-per-mile coverage. Don't own a car? Look into non-owner insurance for occasional driving.
- 3
Check Miami insurance rates
Understanding average vehicle insurance costs in Miami helps you spot good deals. Local factors like traffic density and weather risks affect rates. Compare prices across different ZIP codes in the Miami area.
- 4
Stack up available discounts
Maximize your savings with multiple car insurance discount options. Consider bundling multiple policies or getting multi-car discounts. Safe driver programs and defensive driving courses can also reduce your premium.
- 5
Research insurance company ratings
Look beyond just price when choosing an insurer. Check customer service ratings, claims satisfaction scores, and financial strength ratings. A company's reputation for handling Miami's unique challenges, like hurricane claims, matters as much as competitive rates.
- 6
Get quotes from multiple providers
Contact at least three different insurance providers for quotes. Use a mix of local agents, online tools, and direct carrier websites. Comparing multiple quotes helps you find the best deal.
- 7
Review your policy annually
Set a yearly reminder to review your coverage and shop for better rates. Your circumstances change, and so do insurance companies' prices. Life events like moving within Miami, changing vehicles, or improving your credit score can qualify you for better rates.
Cheapest Car Insurance in Miami: Bottom Line
Car insurance rates depend on your driving record, credit score and coverage needs. While Travelers and GEICO offer Miami's lowest average premiums, compare quotes from multiple insurers to find your best rate.
Cheap Miami Car Insurance: FAQ
Looking for cheap car insurance in Miami? We've researched rates and coverage options from multiple insurers to help you find affordable protection. Our FAQs answer common questions about saving money while getting the right coverage for your needs.
What is the cheapest car insurance company in Miami, Florida?
GEICO offers Miami's lowest rates at $816 for minimum coverage, while Travelers provides full coverage at $2,055. Compare quotes as rates vary based on personal factors.
Who offers the best car insurance in Miami?
Travelers leads Miami's car insurance providers with a MoneyGeek score of 98 out of 100, scoring seven points higher than GEICO. Travelers excels in both affordability and quality customer service.
What is the average cost of car insurance in Miami?
Miami drivers pay $3,786 for full coverage and $1,613 for minimum coverage car insurance annually. Your actual rates will vary based on individual factors.
Is car insurance in Miami expensive?
Yes. Miami ranks 611th for minimum coverage affordability and 533rd for full coverage affordability compared to other Florida cities, making it more expensive than average.
How We Chose the Best and Cheapest Car Insurance in Miami, FL
To help Miami drivers find the most affordable auto insurance companies, MoneyGeek analyzed auto insurance rates based on data and information from the Florida Office of Insurance Regulation and Quadrant Information Services. We studied all ZIP codes in the city and hundreds of thousands of quotes for 12 companies offering auto insurance in Florida to tailor options as closely as possible to you.
Miami Driver Profile
MoneyGeek created a sample driver profile to calculate car insurance quote averages with the following characteristics:
- 40-year-old male
- 2012 Toyota Camry LE
- Clean driving record
- 12,000 miles driven annually
- Good credit
- Valid license
- Currently insured
- No claims history
We adjusted certain factors, such as age, driving record, credit score and military affiliation, to find the most suitable insurance companies for specific driver profiles.
Coverage Levels in Miami
MoneyGeek compared the most affordable insurance providers for minimum and full coverage auto insurance policies.
The minimum coverage requirements in Florida are:
- $30,000 bodily injury liability per person
- $60,000 bodily injury liability per accident
- $25,000 property damage liability per accident
For a full coverage policy, we used the following coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability per accident
- Comprehensive and collision insurance, each with a $1,000 deductible
Our Best Company Rating Methodology
We rated all companies based on the following rating scale:
- Affordability (60% of score): To get this score, we evaluated quotes for various common driver profiles and compared rates to the competition within the city.
- Customer experience (30% of score): We used sources such as agency reviews on Google, J.D. Power, AM Best and forums like Reddit to gauge customer sentiment and experiences across the board.
- Coverage options (10% of score): This score considers the number of coverage options a provider offers and the uniqueness of the offering and benefits.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.