Updated: November 4, 2025
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Travelers offers the cheapest car insurance in Miami. GEICO, State Farm, Mercury and Nationwide also provide coverage in the city.
Car insurance in Miami costs an average of $1,613 per year for minimum coverage and $3,786 per year for full coverage.
Travelers also offers the cheapest car insurance in Florida at $618 per year for minimum coverage and $1,343 per year for full coverage.
Adult drivers with GEICO pay Miami's cheapest rates at $816 annually for minimum coverage. Young drivers with Travelers pay $2,021 per year, 147% more than clean-record adults with GEICO.
Senior drivers from GEICO pay $895 annually, slightly higher than adult rates with GEICO. Drivers with a DUI from State Farm pay $1,319 per year, 62% more than clean-record adults with GEICO.
Miami's pricing emphasizes the importance of comparing multiple quotes based on your driver profile.
| 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 |
Travelers offers rates of $940 per year for minimum coverage and $2,055 per year for full coverage, both coming in 42% under the city average. GEICO and Mercury provide competitive alternatives at $816 and $1,385 annually for minimum coverage, virtually identical pricing.
State Farm also operates in Miami with rates that work well for certain driver profiles. The wide spread between cheapest and average rates emphasizes the value of shopping around. Miami's dramatic pricing variance across carriers makes comparison shopping particularly valuable.
| GEICO | $68 | $217 | -37% |
| Travelers | $78 | $171 | -45% |
| Mercury | $98 | $237 | -25% |
| State Farm | $102 | $214 | -30% |
| Nationwide | $127 | $271 | -12% |
Young drivers face Miami's highest costs at $2,021 annually with Travelers for minimum coverage. Adult drivers secure the best rates at $816 per year with GEICO, saving over 60% compared to young drivers.
Senior drivers from GEICO pay $895 annually, about 10% more than adults. GEICO dominates for adult and senior drivers, while young drivers find better value with Travelers.
The extreme age-based pricing disparities make demographic-specific shopping essential in Miami.
| Geico | $68 | $816 |
| Travelers | $78 | $940 |
| Mercury Insurance | $98 | $1,179 |
| State Farm | $102 | $1,221 |
| Metropolitan Group | $115 | $1,385 |
At-fault accidents produce moderate costs at $1,147 annually with GEICO. Speeding tickets result in higher rates at $1,195 per year with Travelers.
DUIs create the highest penalties at $1,319 annually with State Farm, a 62% increase over clean-record rates. The pricing patterns suggest Florida's high baseline rates already factor in substantial risk.
Miami's violation penalties, while significant, provide some relief compared to other major markets given the high baseline costs.
| Geico | $96 | $1,147 |
| Travelers | $106 | $1,267 |
| State Farm | $119 | $1,424 |
| Metropolitan Group | $159 | $1,913 |
| Mercury Insurance | $167 | $2,010 |
Travelers leads Miami's challenging insurance market with a MoneyGeek score of 98 out of 100, the highest in the city. The company combines reasonable premiums with outstanding customer experience scores and minimal complaints, providing reliable coverage while managing costs effectively.
State Farm offers exceptional value with competitive rates for adult and senior drivers plus solid customer satisfaction. State Farm's extensive agent network provides personalized service that many Miami drivers value.
Both companies maintain strong reputations despite Miami's notoriously difficult insurance environment.
| 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 |
Excellent claims handling experience
Multiple coverage customization options
Strong discounts across driver categories
Higher rates for drivers with DUIs
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.
Competitive basic coverage rates
Easy online quote process
Strong mobile app features
Limited add-on coverage options
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.
Car insurance in Miami costs an average of $1,613 per year for minimum coverage and $3,786 per year for full coverage. These rates significantly exceed the Florida state average of $980 for minimum coverage.
GEICO offers rates well below the city average at $816 for minimum coverage. Miami drivers face some of Florida's highest insurance premiums, making thorough comparison shopping absolutely essential for managing costs.
| Full Coverage | $315 | $3,786 |
| Minimum Coverage | $134 | $1,613 |
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 |
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.
| 33169 | $178 | $417 |
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.
| $113 | $1,352 | 44% |
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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:
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:
For a full coverage policy, we used the following coverage limits:
Our Best Company Rating Methodology
We rated all companies based on the following rating scale:
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!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
