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The cheapest car insurance may vary depending on your driver profile. GEICO has the lowest rate for minimum and full coverage, military-affiliated drivers, seniors, drivers with a sports car and those with poor credit. State Farm is the cheapest for female teens or if you have a driving violation like a ticket, accident or DUI. Allstate is the lowest for male teens.

MoneyGeek also found which companies provide the best car insurance in Miami.

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2023

Cheapest Car Insurance in Miami, FL

Cheapest Minimum Coverage Car Insurance in Miami

The car insurance companies offering the average cheapest minimum coverage policy in Miami are:

  • GEICO: $578 per year
  • Mercury: $757 per year

Direct General is the most expensive provider of the companies we collected quotes for in Miami, offering a minimum coverage policy of roughly $2,152 per year.

Travelers has the cheapest auto insurance in Florida, with the minimum coverage policy rate averaging $658 per year. The roughly $80 difference from what drivers may pay in Miami with GEICO gives you an idea of how location and company can impact the cost of car insurance.

Company
Annual Premium
Monthly Premium

GEICO

$533

$44

GEICO

$578

$48

Mercury

$716

$60

Mercury

$757

$63

GEICO

$768

$64

State Farm

$824

$69

State Farm

$889

$74

Mercury

$978

$82

State Farm

$1,005

$84

Nationwide

$1,016

$85

Travelers

$1,016

$85

Allstate

$1,033

$86

Allstate

$1,041

$87

Allstate

$1,055

$88

Nationwide

$1,073

$89

Travelers

$1,087

$91

Travelers

$1,168

$97

Nationwide

$1,238

$103

GEICO

$1,365

$114

GEICO

$1,472

$123

Progressive

$1,480

$123

Progressive

$1,528

$127

State Farm

$1,559

$130

Farmers

$1,565

$130

Farmers

$1,589

$132

State Farm

$1,704

$142

Progressive

$1,729

$144

Farmers

$1,755

$146

Mercury

$1,815

$151

Mercury

$1,978

$165

State Farm

$2,003

$167

Direct General Insurance

$2,015

$168

GEICO

$2,088

$174

Nationwide

$2,126

$177

Travelers

$2,136

$178

Direct General Insurance

$2,152

$179

Allstate

$2,264

$189

Allstate

$2,271

$189

Travelers

$2,302

$192

Nationwide

$2,305

$192

Allstate

$2,377

$198

Direct General Insurance

$2,551

$213

Travelers

$2,616

$218

Progressive

$2,665

$222

Farmers

$2,693

$224

Mercury

$2,696

$225

Nationwide

$2,733

$228

Farmers

$2,781

$232

Progressive

$2,793

$233

Farmers

$3,184

$265

Progressive

$3,300

$275

Direct General Insurance

$3,641

$303

Direct General Insurance

$3,792

$316

Direct General Insurance

$4,806

$401

Insurance Rates

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Florida’s minimum liability requirement for car insurance covers property damage and personal injury protection with the following limits:

  • $10,000 property damage liability per accident
  • $10,000 personal injury protection

Your liability limits set how much your insurer will pay if you're at fault in an accident. If your policy has a property damage liability limit of $10,000 per accident, your insurer will pay only up to $10,000 in total property damage. That includes the cost to repair another driver’s vehicle and to fix fences, lampposts and other objects that were damaged by the accident. You’ll have to pay out of pocket for costs beyond your policy’s property damage liability limit.

Cheapest Full Coverage Car Insurance in Miami

On average, the companies offering the most affordable full coverage car insurance in Miami are:

  • GEICO: $1,472 per year
  • State Farm: $1,704 per year

The most expensive provider in Miami is Direct General, with a full coverage policy setting a driver back around $3,792 per year.

Travelers has the cheapest full coverage car insurance in Florida, with a statewide average of $1,394 annually. That makes getting insured in Miami more expensive, even with GEICO, the cheapest option. Location can affect the cost of car insurance.

Company
Annual Premium
Monthly Premium

GEICO

$533

$44

GEICO

$578

$48

Mercury

$716

$60

Mercury

$757

$63

GEICO

$768

$64

State Farm

$824

$69

State Farm

$889

$74

Mercury

$978

$82

State Farm

$1,005

$84

Nationwide

$1,016

$85

Travelers

$1,016

$85

Allstate

$1,033

$86

Allstate

$1,041

$87

Allstate

$1,055

$88

Nationwide

$1,073

$89

Travelers

$1,087

$91

Travelers

$1,168

$97

Nationwide

$1,238

$103

GEICO

$1,365

$114

GEICO

$1,472

$123

Progressive

$1,480

$123

Progressive

$1,528

$127

State Farm

$1,559

$130

Farmers

$1,565

$130

Farmers

$1,589

$132

State Farm

$1,704

$142

Progressive

$1,729

$144

Farmers

$1,755

$146

Mercury

$1,815

$151

Mercury

$1,978

$165

State Farm

$2,003

$167

Direct General Insurance

$2,015

$168

GEICO

$2,088

$174

Nationwide

$2,126

$177

Travelers

$2,136

$178

Direct General Insurance

$2,152

$179

Allstate

$2,264

$189

Allstate

$2,271

$189

Travelers

$2,302

$192

Nationwide

$2,305

$192

Allstate

$2,377

$198

Direct General Insurance

$2,551

$213

Travelers

$2,616

$218

Progressive

$2,665

$222

Farmers

$2,693

$224

Mercury

$2,696

$225

Nationwide

$2,733

$228

Farmers

$2,781

$232

Progressive

$2,793

$233

Farmers

$3,184

$265

Progressive

$3,300

$275

Direct General Insurance

$3,641

$303

Direct General Insurance

$3,792

$316

Direct General Insurance

$4,806

$401

A full coverage policy adds comprehensive and collision coverage to your liability coverage.

  • Collision insurance: Covers the costs of repairing or replacing your vehicle if it sustains damage in an at-fault accident, such as a collision with another vehicle or an object, like a tree, fence or light pole.
  • Comprehensive insurance: It covers expenses related to the repair or replacement of your vehicle if it sustains damage in a non-accident incident like theft, fire, vandalism, weather-related event or animal damage.

We recommend getting full coverage car insurance to most drivers since it gives you more financial protection. But it may not be worth paying hundreds of dollars more a year for full coverage if you have an older car with a heavily depreciated value.

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Cheapest Car Insurance in Miami After a Driving Offense

Drivers with a moving violation on their record can find the average cheapest full coverage auto insurance in Miami from the following companies:

  • Speeding ticket: State Farm ($1,928 per year)
  • At-fault accident: State Farm ($2,098 per year)
  • DUI: State Farm ($1,928 per year)

The most expensive provider is Progressive (around $3,886 per year) for drivers with a speeding ticket, Direct General (roughly $5,221 per year) for drivers with an at-fault accident and Nationwide (around $5,274 per year) for those with a DUI.

A driving violation may cause your car insurance premium to skyrocket, with even the cheapest insurers charging you a much higher rate compared to someone with a clean driving record.

Company
Annual Premium
Monthly Premium

GEICO

$822

$69

GEICO

$883

$74

State Farm

$941

$78

State Farm

$941

$78

GEICO

$960

$80

GEICO

$1,013

$84

State Farm

$1,015

$85

State Farm

$1,015

$85

State Farm

$1,029

$86

Allstate

$1,033

$86

Mercury

$1,040

$87

Allstate

$1,041

$87

GEICO

$1,049

$87

Allstate

$1,055

$88

GEICO

$1,089

$91

State Farm

$1,111

$93

GEICO

$1,131

$94

GEICO

$1,145

$95

State Farm

$1,149

$96

State Farm

$1,149

$96

Mercury

$1,183

$99

Nationwide

$1,238

$103

Mercury

$1,254

$105

State Farm

$1,258

$105

Mercury

$1,274

$106

Nationwide

$1,295

$108

Allstate

$1,329

$111

Allstate

$1,336

$111

Allstate

$1,354

$113

GEICO

$1,440

$120

Nationwide

$1,460

$122

Mercury

$1,461

$122

Travelers

$1,491

$124

Travelers

$1,491

$124

Mercury

$1,494

$125

Travelers

$1,504

$125

Mercury

$1,521

$127

Nationwide

$1,555

$130

Travelers

$1,584

$132

Travelers

$1,586

$132

Travelers

$1,601

$133

Nationwide

$1,619

$135

Farmers

$1,672

$139

Farmers

$1,680

$140

Progressive

$1,719

$143

Mercury

$1,754

$146

Progressive

$1,754

$146

State Farm

$1,766

$147

State Farm

$1,766

$147

Mercury

$1,767

$147

Allstate

$1,776

$148

Allstate

$1,786

$149

Nationwide

$1,802

$150

Allstate

$1,807

$151

Travelers

$1,835

$153

Travelers

$1,839

$153

Travelers

$1,844

$154

Farmers

$1,848

$154

State Farm

$1,923

$160

State Farm

$1,928

$161

State Farm

$1,928

$161

Progressive

$1,980

$165

Progressive

$1,986

$166

Progressive

$1,995

$166

Direct General Insurance

$2,015

$168

Farmers

$2,019

$168

Farmers

$2,026

$169

State Farm

$2,098

$175

Direct General Insurance

$2,152

$179

Direct General Insurance

$2,167

$181

Direct General Insurance

$2,173

$181

Farmers

$2,188

$182

GEICO

$2,188

$182

Progressive

$2,209

$184

Allstate

$2,264

$189

State Farm

$2,271

$189

State Farm

$2,271

$189

Allstate

$2,271

$189

Farmers

$2,281

$190

Progressive

$2,315

$193

Progressive

$2,320

$193

GEICO

$2,323

$194

Farmers

$2,366

$197

Allstate

$2,377

$198

Farmers

$2,451

$204

State Farm

$2,473

$206

Nationwide

$2,502

$209

Direct General Insurance

$2,551

$213

Nationwide

$2,563

$214

Progressive

$2,563

$214

Direct General Insurance

$2,575

$215

Nationwide

$2,578

$215

GEICO

$2,644

$220

Mercury

$2,710

$226

GEICO

$2,741

$228

Nationwide

$2,742

$229

Nationwide

$2,793

$233

GEICO

$2,814

$235

Farmers

$2,909

$242

GEICO

$2,912

$243

Mercury

$2,961

$247

Direct General Insurance

$2,997

$250

GEICO

$2,998

$250

Farmers

$3,039

$253

Direct General Insurance

$3,053

$254

Allstate

$3,094

$258

Allstate

$3,113

$259

Progressive

$3,122

$260

Nationwide

$3,171

$264

Nationwide

$3,190

$266

Travelers

$3,195

$266

Travelers

$3,202

$267

Mercury

$3,208

$267

Progressive

$3,221

$268

Allstate

$3,244

$270

GEICO

$3,303

$275

Travelers

$3,349

$279

Travelers

$3,364

$280

Travelers

$3,365

$280

Nationwide

$3,382

$282

Farmers

$3,406

$284

Farmers

$3,414

$285

Mercury

$3,444

$287

Travelers

$3,524

$294

Farmers

$3,588

$299

Direct General Insurance

$3,639

$303

Direct General Insurance

$3,641

$303

Mercury

$3,727

$311

Progressive

$3,780

$315

Direct General Insurance

$3,792

$316

Mercury

$3,809

$317

Progressive

$3,826

$319

Direct General Insurance

$3,853

$321

Nationwide

$3,854

$321

Travelers

$3,868

$322

Progressive

$3,886

$324

Travelers

$3,888

$324

Farmers

$3,910

$326

Direct General Insurance

$3,919

$327

Mercury

$3,963

$330

Farmers

$4,054

$338

GEICO

$4,056

$338

Travelers

$4,057

$338

Allstate

$4,086

$341

Allstate

$4,124

$344

Allstate

$4,259

$355

Farmers

$4,419

$368

Mercury

$4,430

$369

Progressive

$4,452

$371

Progressive

$4,468

$372

Progressive

$4,486

$374

Farmers

$4,549

$379

Mercury

$4,722

$394

Direct General Insurance

$4,806

$401

Direct General Insurance

$4,979

$415

Nationwide

$5,057

$421

Progressive

$5,087

$424

Direct General Insurance

$5,221

$435

Direct General Insurance

$5,248

$437

Nationwide

$5,274

$440

Nationwide

$5,822

$485

Direct General Insurance

$6,664

$555

Car insurance typically increases in proportion to the severity of the moving violation. In Miami, a speeding ticket can drive up your full coverage rate by around $616 per year, while getting a DUI raises your annual premium by roughly $1,012. MoneyGeek found several options for cheap auto insurance for drivers with a poor driving record without trading affordability for quality service.

Cheapest Car Insurance in Miami for Teens and Their Families

The following companies offer, on average, the most affordable car insurance for teens on a full coverage family policy in Miami:

  • State Farm: $4,369 per year for female teens

  • Nationwide: $4,411 per year for female teens

  • Nationwide: $4,974 per year for male teens

  • Allstate: $5,029 per year for male teens

Farmers has the highest average full coverage rate for female teens in Miami on a family policy at $6,878 per year, while Travelers is the least affordable insurer for male teens on a family policy at $7,819 per year.

Female teens are typically less expensive to insure because companies may consider them safer drivers than male teens. We found this to be the case in Miami, where the cheapest full coverage family policy costs around $693 more yearly with a male teen than with a female teen, albeit with different companies. But the cost difference evens out in early adulthood.

Company
Family Plan Annual Premium
Individual Plan Monthly Premium

GEICO

$2,136

$5,125

GEICO

$2,286

$5,486

GEICO

$2,370

$6,254

GEICO

$2,454

$5,888

State Farm

$2,541

$4,120

State Farm

$2,677

$4,342

State Farm

$2,712

$4,263

Travelers

$2,726

$5,388

State Farm

$2,782

$4,991

State Farm

$2,830

$4,589

Travelers

$2,863

$5,458

State Farm

$2,978

$5,419

GEICO

$2,978

$4,974

State Farm

$3,050

$4,794

Travelers

$3,083

$6,625

Travelers

$3,089

$6,106

Allstate

$3,161

$5,090

State Farm

$3,161

$5,682

Allstate

$3,163

$7,214

Travelers

$3,167

$6,260

Nationwide

$3,181

$6,632

Allstate

$3,204

$7,535

GEICO

$3,253

$5,433

Allstate

$3,265

$5,154

State Farm

$3,270

$5,140

State Farm

$3,274

$5,958

Travelers

$3,287

$6,266

State Farm

$3,309

$6,687

Nationwide

$3,325

$5,538

Allstate

$3,336

$17,348

Nationwide

$3,346

$5,572

Nationwide

$3,350

$5,803

GEICO

$3,392

$6,358

Travelers

$3,393

$7,427

Nationwide

$3,397

$7,770

Travelers

$3,434

$7,197

Nationwide

$3,473

$6,175

GEICO

$3,485

$6,981

GEICO

$3,497

$6,782

Nationwide

$3,511

$5,847

Nationwide

$3,517

$6,091

Travelers

$3,523

$6,716

GEICO

$3,529

$5,895

State Farm

$3,568

$6,357

Allstate

$3,648

$5,875

Nationwide

$3,674

$7,058

Allstate

$3,721

$20,581

Nationwide

$3,755

$6,504

Allstate

$3,755

$6,993

Allstate

$3,795

$5,992

Allstate

$3,808

$6,521

Nationwide

$3,833

$9,248

Allstate

$3,871

$6,235

State Farm

$3,875

$7,567

Nationwide

$3,883

$8,097

Travelers

$3,946

$8,276

Allstate

$4,040

$6,378

State Farm

$4,060

$7,234

State Farm

$4,079

$8,215

Travelers

$4,087

$8,564

Allstate

$4,092

$11,408

Travelers

$4,094

$9,980

Allstate

$4,112

$9,379

Allstate

$4,229

$11,455

Nationwide

$4,255

$11,571

GEICO

$4,304

$9,558

Nationwide

$4,310

$9,860

GEICO

$4,318

$9,836

State Farm

$4,338

$8,472

State Farm

$4,369

$9,561

Progressive

$4,399

$5,772

Nationwide

$4,411

$15,897

Nationwide

$4,411

$15,897

Nationwide

$4,411

$15,897

GEICO

$4,485

$8,697

GEICO

$4,558

$9,129

Allstate

$4,612

$10,847

State Farm

$4,721

$9,410

Travelers

$4,724

$12,567

Farmers

$4,730

$5,501

GEICO

$4,806

$10,459

Travelers

$4,812

$10,091

Allstate

$4,837

$31,378

Travelers

$4,839

$12,080

GEICO

$4,870

$10,114

Farmers

$4,955

$5,915

Nationwide

$4,974

$19,931

Nationwide

$4,974

$19,931

Nationwide

$4,974

$19,931

Farmers

$5,021

$5,085

Allstate

$5,029

$32,706

GEICO

$5,044

$10,474

GEICO

$5,046

$10,850

Farmers

$5,065

$5,129

Farmers

$5,076

$4,948

GEICO

$5,082

$11,624

GEICO

$5,099

$11,096

Farmers

$5,102

$5,282

Farmers

$5,106

$5,171

Progressive

$5,114

$6,710

Allstate

$5,142

$26,742

Farmers

$5,306

$5,173

Progressive

$5,306

$6,103

State Farm

$5,326

$10,615

Progressive

$5,344

$9,345

State Farm

$5,367

$12,064

Progressive

$5,371

$8,412

Progressive

$5,376

$8,958

Farmers

$5,416

$5,624

Allstate

$5,451

$30,147

Farmers

$5,515

$5,377

Progressive

$5,559

$7,294

Progressive

$5,778

$15,583

Travelers

$5,780

$15,524

Progressive

$5,839

$16,636

Progressive

$5,912

$10,339

Progressive

$5,922

$6,812

Farmers

$5,931

$15,567

Farmers

$5,955

$16,294

Travelers

$5,960

$15,856

Progressive

$5,978

$9,961

Progressive

$6,017

$11,157

Progressive

$6,021

$11,905

Progressive

$6,237

$8,538

Travelers

$6,248

$21,438

Farmers

$6,264

$17,141

Progressive

$6,294

$7,239

Farmers

$6,369

$8,655

Farmers

$6,381

$16,749

Progressive

$6,527

$19,985

Progressive

$6,566

$19,198

Farmers

$6,682

$9,059

Progressive

$6,727

$19,168

Progressive

$6,803

$18,348

Farmers

$6,878

$23,023

Farmers

$6,902

$8,239

Farmers

$7,056

$23,249

Travelers

$7,425

$19,942

Farmers

$7,526

$8,751

Travelers

$7,819

$27,533

Teens looking for cheap auto insurance are better off being included on a family policy than purchasing a separate one, and they cannot legally purchase auto insurance under age 18 without a parent or guardian as a co-signer.

Full coverage insurance for a 16-year-old male driver on a family policy in Miami costs around $4,449 per year, whereas an individual policy costs a staggering $9,389 a year, which is more than double the family rate.

Cheapest Car Insurance in Miami for Military Drivers

The average cheapest companies for full coverage auto insurance in Miami for drivers with a military background are:

  • GEICO: $1,472 per year
  • State Farm: $1,704 per year

The cheapest providers for minimum coverage are GEICO and Mercury, charging an annual premium of roughly $578 and $757, respectively.

Although USAA didn’t top our list of the cheapest auto insurance for military members in Miami, it’s still worth considering if you meet the eligibility requirements.

Company
Annual Premium
Monthly Premium

GEICO

$533

$44

GEICO

$578

$48

Mercury

$716

$60

Mercury

$757

$63

GEICO

$768

$64

State Farm

$824

$69

State Farm

$889

$74

Mercury

$978

$82

State Farm

$1,005

$84

Nationwide

$1,016

$85

Travelers

$1,016

$85

Allstate

$1,033

$86

Allstate

$1,041

$87

Allstate

$1,055

$88

Nationwide

$1,073

$89

Travelers

$1,087

$91

Travelers

$1,168

$97

Nationwide

$1,238

$103

GEICO

$1,365

$114

GEICO

$1,472

$123

Progressive

$1,480

$123

Progressive

$1,528

$127

State Farm

$1,559

$130

Farmers

$1,565

$130

Farmers

$1,589

$132

State Farm

$1,704

$142

Progressive

$1,729

$144

Farmers

$1,755

$146

Mercury

$1,815

$151

Mercury

$1,978

$165

State Farm

$2,003

$167

Direct General Insurance

$2,015

$168

GEICO

$2,088

$174

Nationwide

$2,126

$177

Travelers

$2,136

$178

Direct General Insurance

$2,152

$179

Allstate

$2,264

$189

Allstate

$2,271

$189

Travelers

$2,302

$192

Nationwide

$2,305

$192

Allstate

$2,377

$198

Direct General Insurance

$2,551

$213

Travelers

$2,616

$218

Progressive

$2,665

$222

Farmers

$2,693

$224

Mercury

$2,696

$225

Nationwide

$2,733

$228

Farmers

$2,781

$232

Progressive

$2,793

$233

Farmers

$3,184

$265

Progressive

$3,300

$275

Direct General Insurance

$3,641

$303

Direct General Insurance

$3,792

$316

Direct General Insurance

$4,806

$401

How to Compare Cheap Miami Car Insurance Quotes Online

If you’re like many insurance buyers, you don’t have the time to comparison shop. Personalized quotes in Miami are available online for free, but it could take more than 15 minutes to complete the process for each company since you have to enter a lot of personal information.

MoneyGeek’s car insurance calculator gives a quick ballpark figure of your premium from multiple companies. Our system automatically scans thousands of quotes that we’ve collected from various insurers to give you a reliable estimate based on your age, vehicle type, preferred coverage level and driving record.

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Cheapest Car Insurance in Miami for Young Adults

The following providers offer the average cheapest car insurance for young adults in Miami who are shopping for full coverage:

  • State Farm: $2,003 per year
  • GEICO: $2,088 per year

Direct General charges the highest rate for young adults in Miami, with a full coverage policy averaging $4,806 per year.

Young adults pay less for car insurance than teens but more than older drivers. We found that in Miami, 25-year-old drivers pay around $499 more for full coverage car insurance than 40-year-old drivers.

Company
Annual Premium
Monthly Premium

GEICO

$533

$44

GEICO

$578

$48

Mercury

$716

$60

Mercury

$757

$63

GEICO

$768

$64

State Farm

$824

$69

State Farm

$889

$74

Mercury

$978

$82

State Farm

$1,005

$84

Nationwide

$1,016

$85

Travelers

$1,016

$85

Allstate

$1,033

$86

Allstate

$1,041

$87

Allstate

$1,055

$88

Nationwide

$1,073

$89

Travelers

$1,087

$91

Travelers

$1,168

$97

Nationwide

$1,238

$103

GEICO

$1,365

$114

GEICO

$1,472

$123

Progressive

$1,480

$123

Progressive

$1,528

$127

State Farm

$1,559

$130

Farmers

$1,565

$130

Farmers

$1,589

$132

State Farm

$1,704

$142

Progressive

$1,729

$144

Farmers

$1,755

$146

Mercury

$1,815

$151

Mercury

$1,978

$165

State Farm

$2,003

$167

Direct General Insurance

$2,015

$168

GEICO

$2,088

$174

Nationwide

$2,126

$177

Travelers

$2,136

$178

Direct General Insurance

$2,152

$179

Allstate

$2,264

$189

Allstate

$2,271

$189

Travelers

$2,302

$192

Nationwide

$2,305

$192

Allstate

$2,377

$198

Direct General Insurance

$2,551

$213

Travelers

$2,616

$218

Progressive

$2,665

$222

Farmers

$2,693

$224

Mercury

$2,696

$225

Nationwide

$2,733

$228

Farmers

$2,781

$232

Progressive

$2,793

$233

Farmers

$3,184

$265

Progressive

$3,300

$275

Direct General Insurance

$3,641

$303

Direct General Insurance

$3,792

$316

Direct General Insurance

$4,806

$401

Cheapest Car Insurance in Miami for Seniors

The following companies have the average cheapest car insurance for seniors in Miami with a full coverage policy:

  • GEICO: $1,365 per year
  • State Farm: $1,559 per year

Direct General is the most expensive provider for seniors in Miami, charging an average annual rate of $3,641 for full coverage.

We found that annual car insurance rates for older drivers in Miami are cheaper than for middle-aged drivers. For instance, 65-year-olds pay roughly $2,261, while 40-year-old drivers spend around $2,368 for full coverage — a $107 difference.

Company
Annual Premium
Monthly Premium

GEICO

$533

$44

GEICO

$578

$48

Mercury

$716

$60

Mercury

$757

$63

GEICO

$768

$64

State Farm

$824

$69

State Farm

$889

$74

Mercury

$978

$82

State Farm

$1,005

$84

Nationwide

$1,016

$85

Travelers

$1,016

$85

Allstate

$1,033

$86

Allstate

$1,041

$87

Allstate

$1,055

$88

Nationwide

$1,073

$89

Travelers

$1,087

$91

Travelers

$1,168

$97

Nationwide

$1,238

$103

GEICO

$1,365

$114

GEICO

$1,472

$123

Progressive

$1,480

$123

Progressive

$1,528

$127

State Farm

$1,559

$130

Farmers

$1,565

$130

Farmers

$1,589

$132

State Farm

$1,704

$142

Progressive

$1,729

$144

Farmers

$1,755

$146

Mercury

$1,815

$151

Mercury

$1,978

$165

State Farm

$2,003

$167

Direct General Insurance

$2,015

$168

GEICO

$2,088

$174

Nationwide

$2,126

$177

Travelers

$2,136

$178

Direct General Insurance

$2,152

$179

Allstate

$2,264

$189

Allstate

$2,271

$189

Travelers

$2,302

$192

Nationwide

$2,305

$192

Allstate

$2,377

$198

Direct General Insurance

$2,551

$213

Travelers

$2,616

$218

Progressive

$2,665

$222

Farmers

$2,693

$224

Mercury

$2,696

$225

Nationwide

$2,733

$228

Farmers

$2,781

$232

Progressive

$2,793

$233

Farmers

$3,184

$265

Progressive

$3,300

$275

Direct General Insurance

$3,641

$303

Direct General Insurance

$3,792

$316

Direct General Insurance

$4,806

$401

Cheapest Car Insurance in Miami for Poor Credit

The following insurers offer the average cheapest full coverage car insurance for drivers with poor credit in Miami:

  • GEICO: $3,038 per year
  • Mercury: $3,145 per year

Travelers charges the most expensive annual premium for full coverage at around $4,798 if a driver has bad credit in Miami.

Miami drivers with poor credit pay around $1,411 more per year for car insurance than those with good credit scores — a roughly 60% increase in the annual rate.

But don’t worry because MoneyGeek has your back. We’ve found ways to get cheap auto insurance with bad credit.

Company
Annual Premium
Monthly Premium

GEICO

1,104

92

Mercury

1,183

99

GEICO

1,207

101

Mercury

1,258

105

Nationwide

1,449

121

Nationwide

1,535

128

Mercury

1,609

134

GEICO

1,630

136

Nationwide

1,768

147

Allstate

1,882

157

Allstate

1,940

162

Allstate

1,943

162

Farmers

1,950

163

Farmers

2,001

167

Direct General Insurance

2,015

168

Direct General Insurance

2,152

179

Farmers

2,193

183

Travelers

2,224

185

Progressive

2,327

194

State Farm

2,396

200

Progressive

2,438

203

Travelers

2,513

209

Direct General Insurance

2,551

213

State Farm

2,598

217

Travelers

2,599

217

Progressive

2,784

232

GEICO

2,821

235

Mercury

2,871

239

State Farm

2,905

242

Nationwide

3,011

251

GEICO

3,038

253

Mercury

3,145

262

Nationwide

3,278

273

Farmers

3,291

274

Farmers

3,365

280

Direct General Insurance

3,641

303

Direct General Insurance

3,792

316

Farmers

3,865

322

State Farm

3,869

322

Nationwide

3,889

324

Allstate

3,993

333

Allstate

4,048

337

Progressive

4,141

345

Allstate

4,199

350

State Farm

4,216

351

Mercury

4,261

355

Travelers

4,382

365

GEICO

4,401

367

Progressive

4,403

367

Travelers

4,798

400

Direct General Insurance

4,806

401

State Farm

4,908

409

Progressive

5,215

435

Travelers

5,314

443

Insurers have found that drivers with low credit-based insurance scores may be more likely to file claims, causing them to charge a higher premium. There are several steps that you could take to lower your auto insurance, including searching for discount opportunities that you qualify for, like bundling policies or safe driving. You should also make sure to shop around for quotes and explore how to improve your credit score over time.

Cheapest Car Insurance in Miami for Sports Cars

The following companies offer the average cheapest car insurance for sports car drivers in Miami with full coverage:

  • GEICO: $1,458 per year
  • State Farm: $1,884 per year

Progressive is the least affordable provider for full coverage with a sports car in Miami, charging an average annual rate of $3,123.

The type of car you drive has an impact on your auto insurance. Generally, drivers with standard vehicles pay a lower rate than those with sports cars. But in Miami, we found that drivers with a Ford Mustang pay around $110 less per year for full coverage auto insurance than if they had a Toyota Camry — a nearly 5% decrease in the premium.

Company
Annual Premium
Monthly Premium

GEICO

$434

$36

GEICO

$470

$39

GEICO

$618

$52

Travelers

$777

$65

State Farm

$802

$67

Travelers

$814

$68

Allstate

$854

$71

Allstate

$856

$71

State Farm

$864

$72

Allstate

$871

$73

Travelers

$883

$74

State Farm

$985

$82

Nationwide

$1,072

$89

Nationwide

$1,134

$95

Progressive

$1,293

$108

Nationwide

$1,309

$109

GEICO

$1,335

$111

Farmers

$1,367

$114

Farmers

$1,372

$114

Progressive

$1,404

$117

GEICO

$1,458

$122

Farmers

$1,539

$128

Progressive

$1,601

$133

State Farm

$1,719

$143

Travelers

$1,868

$156

State Farm

$1,884

$157

Travelers

$2,005

$167

GEICO

$2,044

$170

Allstate

$2,077

$173

Allstate

$2,093

$174

Allstate

$2,223

$185

State Farm

$2,245

$187

Travelers

$2,310

$193

Nationwide

$2,392

$199

Nationwide

$2,597

$216

Farmers

$2,646

$221

Progressive

$2,715

$226

Farmers

$2,742

$229

Nationwide

$3,092

$258

Progressive

$3,123

$260

Farmers

$3,191

$266

Progressive

$3,768

$314

Typically, sport, luxury and electric vehicles are the most expensive to insure. To get an idea of how much it costs to insure a sports car in Miami, MoneyGeek gathered quotes for a Ford Mustang. We found that this city is rare, as the Mustang is cheaper to insure than a Toyota Camry. But remember that pricing may vary by the make and model of a sports car.

Average Cost of Car Insurance in Miami

The average cost of auto insurance in Miami is $2,368 per year. That's for a full coverage policy with $100,000 bodily injury liability per person, $300,000 bodily injury liability per accident and $100,000 property damage liability per accident.

Full coverage car insurance in Miami is relatively expensive — about $433 more than the average cost of car insurance in Florida and roughly $1,103 higher than the national average ($1,265 per year).

It also costs more to insure a car in Miami than in other Florida cities. For example, full coverage costs around $1,767 in Orlando a year and $1,427 in Tallahassee.

City
Full Coverage Average Annual Premium
Minimum Coverage Average Annual Premium

Gainesville

$1,367

$661

Tallahassee

$1,427

$670

Cape Coral

$1,496

$744

Palm Bay

$1,551

$769

Lehigh Acres

$1,596

$802

Lakeland

$1,636

$800

Port St. Lucie

$1,647

$832

Jacksonville

$1,736

$833

Spring Hill

$1,751

$857

Orlando

$1,767

$889

Clearwater

$1,848

$897

St. Petersburg

$1,952

$942

Pembroke Pines

$2,035

$977

Davie

$2,071

$996

Miramar

$2,083

$1,015

Fort Lauderdale

$2,104

$1,003

Coral Springs

$2,141

$1,056

Brandon

$2,154

$1,053

Pompano Beach

$2,182

$1,060

Hollywood

$2,211

$1,058

Tampa

$2,318

$1,150

Miami Gardens

$2,323

$1,143

West Palm Beach

$2,327

$1,155

Miami

$2,368

$1,188

Hialeah

$2,579

$1,378

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.

Mark 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 economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.