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Average Cost of Car Insurance in Miami

Miami$2,593
Florida$2,208
U.S.$1,424

The average car insurance in Miami is $2,593 per year, which is higher than both the state and national average costs of auto insurance. Drivers living in this city pay around 17.4% more than the state average of $2,208 annually. In comparison, this rate is 82% more than the $1,424 average annual premium in the United States.

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Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

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The Best Cheap Car Insurance Companies in Miami

Among the car insurance companies in Miami, USAA offers the most affordable car insurance. It offers an average annual premium of $1,103, which is $1,490 cheaper than the city average. However, only active-duty members of the military, retired veterans, honorably separated former service members, and their spouses or children can apply for USAA insurance policies.

GEICO has the second most affordable car insurance in Miami at an average of $1,396, which is $1,197 less than the city average. Following GEICO, the next cheapest companies for auto insurance in Miami are MetLife, State Farm, Allstate, Allied, Progressive, Travelers and then Mercury. For comparison, Mercury's average annual premium for drivers in Miami is $3,496.

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Personalized Quotes to Get You the Cheapest Car Insurance in Miami

Car insurance companies in Miami evaluate risks related to a specific driver using several factors, which include age, gender, car make and model, ZIP code and driving history, among others. For instance, in Miami, senior citizens are more likely to get better deals. In Miami, a 70-year-old male policyholder with GEICO may have a $1,367 annual premium. However, GEICO may offer an 18-year-old male Miami resident an annual premium of $3,803. Changes in your personal circumstances, including age, will have an impact on your car insurance rates. That is why it is best to regularly get personalized quotes from various auto insurance companies.

Compare Car Insurance Rates in Miami

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

Insurance Rates

Cheapest Car Insurance in Miami by Coverage Amount

How much car insurance coverage you purchase in Miami also affects how much your policy will cost. Coverage includes required liability coverage and optional items like collision, comprehensive, and deductibles.

Visit these guides to learn more:

Florida Minimum Liability Requirements

  • Item
    Description
  • Property Damage
    $10,000 for property damage. A more protective level is 100/300/100.
  • Personal Injury Protection
    $10,000 per person.

Car insurance quotes in Miami reflect the limits of each coverage level and insurance type. The cheapest option for a state minimum liability plan is USAA at an average of $450. GEICO comes in second at an average of $638.

Providers also offer 50/100/50 liability-only and full-coverage plans, which allow you to claim up to 50,000 for bodily injuries per person, $100,000 per accident and $50,000 for property damage repairs. If you are unsure which one to pick, find out if the difference between the two options is minimal. If that is the case, then it may be better to go for full coverage. In Miami, MetLife offers a 50/100/50 liability-only policy for $1,748. Adding $211 will allow you to get full coverage.

For more comprehensive protection for all injuries and vehicle damages, you can purchase a 100/300/100 full-coverage plan. GEICO offers this option for $1,396, which is the cheapest option outside of the military-exclusive USAA.

Average Car Insurance Premiums by Coverage Type

Liability Only
Full Coverage
Compare Car Insurance Rates in Miami

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

Insurance Rates

Cheapest Car Insurance in Miami if You Have Tickets

The perks of being a responsible driver include more affordable annual premiums. Drivers with clean records are more likely to find cheap car insurance in Miami compared to those with violations. For example, GEICO policyholders in Miami who have no violations pay an average annual premium of $1,396. That same GEICO customer may see their average premium raise to $2,528 if they get a speeding ticket. A DUI can increase that same person's GEICO premium to $3,195. It pays to be a safe driver.

  • Company
    Speeding Ticketper year
    At-Fault Accidentper year
    DUIper year
  • 1. USAA
    $1,219
    $1,438
    $2,017
  • $2,528
    $1,973
    $3,195
  • $2,436
    $2,637
    $2,436
  • $2,505
    $3,320
    $3,180
  • $2,435
    $2,808
    $4,793
  • $4,262
    $4,905
    $3,820
  • 7. Allied
    $3,724
    $3,970
    $5,858
  • $4,422
    $4,510
    $6,103
  • $4,907
    $6,281
    $5,913

Average Cost of Car Insurance by Postal Code

The average car insurance rates in Miami vary depending on the ZIP code. The difference between the cheapest and most expensive rates in the city, based on ZIP code, is $435. The most expensive neighborhood, 33165, has an average auto insurance annual premium of $2,784. Meanwhile, 33157 has the most affordable average premium of $2,349.

  • Zip Code
    State Minimumper year
  • 33157
    $2,349
  • 33186
    $2,519
  • 33175
    $2,719
  • 33165
    $2,784
iconribbontop ratedCar Insurance agentsMiami2021

Top Agents Offering Affordable Car Insurance in Miami

1. Florida Auto Plus Insurance17368 S Dixie Hwy, Miami, FL, 33157
17 ratings
2. Full Circle Insurance14 NE First Ave, Ste 200, Miami, FL, 33132
10 ratings
3. Oscariz Insurance Group13860 SW 56th St, Miami, FL, 33175
3 ratings
4. GEICO Insurance Agent8514 SW 8th St, Festival Plaza, Miami, FL, 33144
13 ratings
5. Sol Insurance Agency1370 W Flagler St, Miami, FL, 33135
6 ratings

Factors That Impact Insurance Costs in Miami

In addition to individual driver needs and history, location-specific factors like personal injury protection coverage requirements and the percentage of uninsured motorists also contribute to car insurance rates in Miami. How Miami ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.

accident2 icon
Most Accidents With Fatalities48th/300
handcuffs2 icon
Most Car Thefts166th/300
uninsured icon
Most Uninsured Motorists by State1st/50
insurance2 icon
Personal Injury Protection RequiredYes
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Most Annual Rainfall14th/300
umbrella icon
Most Rainy Days30th/300

Shopping around for car insurance in Miami could save you $1,197, which is enough to buy:


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399Cups of Coffee
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92Months of Your Favorite Streaming Service

Methodology and Assumptions

MoneyGeek’s average premium rates for Miami are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.

Compare Car Insurance Rates in Miami

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

Insurance Rates

About the Author


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The MoneyGeek editorial team has decades of combined experience in writing and publishing information about how people should manage money and credit. Our editors have worked with numerous publications including The Washington Post, The Daily Business Review, HealthDay, and Time, Inc., and have won numerous journalism awards. Our talented team of contributing writers include mortgage experts, veteran financial reporters, and award-winning journalists. Learn more about the MoneyGeek team.


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