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Melanie Lockert is a personal finance and insurance writer who has been writing for Compare.com since 2023. Her work has also appeared on Allure, Business Insider, Credit Karma, Fortune, and more. She’s also the founder of the blog and author of the book, “Dear Debt” in which she chronicled her journey out of $81,000 of student loan debt.
Melanie is also the co-founder of the Lola Retreat and host of the Mental Health and Wealth show podcast.
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Nick Versaw leads Compare.com's editorial department, where he and his team specialize in crafting helpful, easy-to-understand content about car insurance and other related topics. With nearly a decade of experience writing and editing insurance and personal finance articles, his work has helped readers discover substantial savings on necessary expenses, including insurance, transportation, health care, and more. As an award-winning writer, Nick has seen his work published in countless renowned publications, such as the Washington Post, Los Angeles Times, and U.S. News & World Report. He graduated with Latin honors from Virginia Commonwealth University, where he earned his Bachelor's Degree in Digital Journalism.
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At Compare.com, it’s our mission to give you the tools to find the best (and most affordable) insurance for your unique needs and budget. We strive to provide information that’s helpful, clear, and unbiased, and we believe that comparing insurance companies should never put you at risk of spam. Our editorial team — which is made up of experienced writers, editors, insurance agents, and data analysts — has spent thousands of hours researching and creating the coverage overviews, side-by-side comparisons, and detailed reviews you see across our site.
While we make money through partnerships with some of the brands we discuss in our articles, our editorial team operates 100% independently, and these partners never influence or affect the topics, reviews, ratings, or recommendations we provide. We never guarantee favorable reviews or mentions in exchange for compensation from any brands or partners, and we uphold strict editorial standards to ensure our content is always independent, truthful, and unbiased.
In Miami, Florida, there’s one car insurance company that comes out on top for many drivers: State Farm. It’s the cheapest insurance company in the city, with an average rate of $97 per month — significantly lower than the citywide average of $276 per month, according to our research.
But many factors are worth considering when choosing auto insurance coverage. Find out where to get the lowest car insurance quotes in Miami in the guide below.
Car insurance costs an average of $276 per month in Miami, Florida.
State Farm has the lowest car insurance rates in Miami, on average.
Your driving record and age play a major role in what you pay for coverage.
Location ▲▼ | Average Monthly Premium: Liability Insurance ▲▼ | Average Monthly Premium: Full Coverage ▲▼ | Average Monthly Premium: All Policies ▲▼ |
|---|---|---|---|
| Miami | $210 | $341 | $276 |
| Florida | $153 | $233 | $193 |
| National average | $107 | $197 | $152 |
The average cost of car insurance in Miami is $276 per month. That said, average car insurance rates are only a benchmark. Your personal premiums will depend on your driving history, coverage needs, and other factors and could be higher or lower than these averages.
Still, the cheapest car insurance companies in Miami — which we’ll cover next — are the best places to find the lowest rates for most drivers.
Compare personalized quotes from Miami’s top insurers.
While average auto insurance costs in Miami are $276 per month, you still have several ways to save. For example, researching different companies, comparing car insurance quotes, and looking at discounts are a few easy opportunities to cut down your monthly insurance bill.
The table below shows the cheapest car insurance companies in Miami and their average rates across the city.
Company ▲▼ | Average Monthly Premium ▲▼ |
|---|---|
| State Farm | $97 |
| GEICO | $100 |
| Mile Auto | $163 |
| Allstate | $169 |
| Travelers | $201 |
| Root | $204 |
| Mercury | $222 |
| Direct Auto | $228 |
| Progressive | $266 |
| Infinity | $282 |
| Foremost | $293 |
| GAINSCO | $320 |
| Bristol West | $344 |
The cheapest car insurance in Miami is available through State Farm, with average rates of $97 per month, according to Compare.com data. Still, other top-rated insurance companies are worth considering as well. It’s a good idea to look into multiple options as some may be a better fit for you than others based on your age, driving record, and more.
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We’ve compiled the top three best Miami insurance companies, based on the average cost of auto insurance, discounts, customer reviews, and coverage options available.
These options are a good starting point when comparison shopping, but there isn’t one best company that's ideal for everyone. That’s why we’ve outlined who might be a good fit for each of these companies based on different needs, demographics, and groups of drivers.
Compare.com Rating: 4.90 out of 5
Emergency road service coverage available
Multiple discounts for teens and young drivers
Up to 30% discount with Drive Safe & Save
Must work with company agents
Very low Trustpilot rating
C- rating on BBB rating
State Farm offers cheap rates in Miami and up to three different discounts for teen drivers. These include Good Student, Driver Training, and Student Away at School discounts. Students with good grades can save up to 25%, and young drivers can get a discount for taking a training course while they’re under the age of 21.
Compare.com Rating: 4.65 out of 5
More than 20 available discounts
Low-cost rates
Bundling discount with multiple insurance products
Limited agent options in Miami
Very low customer ratings on Trustpilot
Many complaints on BBB
GEICO has some of the cheapest rates in Miami and offers an extensive range of discounts — including defensive driving, good student, military affiliation discounts, and others for safety equipment and good driving. The already low rates combined with the discounts can lead to even more savings.
Compare.com Rating: 4.57 out of 5
Homeowners discount
Hybrid/electric vehicle discount available
Loan or lease gap insurance available
Higher average rates than other insurers
Low rating on Trustpilot
Negative customer reviews on BBB
In Miami-Dade County, 51.6% of residents are homeowners, based on recent Census data. Travelers offers a specific homeowners discount even if you have home insurance with another company. Additionally, Travelers offers electric and hybrid vehicle discounts, as well as safe driving and multi-policy discounts. Travelers tends to have higher average rates than some other companies, but these discounts can help.
Your coverage level substantially affects your car insurance rates. Florida drivers must maintain minimum-coverage levels of liability insurance to comply with state laws. Policies with these limits are the cheapest insurance policy you can get, with the average liability policy being $210 per month in Miami, according to our analysis. But the protection you get is basic.
Liability insurance is a safeguard that helps pay for expenses for another driver’s property damage or injuries if you’re involved in a car accident or other incident. So you’re not on the hook for the money for them, but the coverage doesn’t provide great protection for you or any vehicle damage you have.
In the chart below, you can review the companies with the cheapest liability coverage in Miami and average rates for each.
While these companies offer great rates for basic coverage, most experts recommend buying a more robust policy — often with added protection for your own vehicle. And if you finance or lease your vehicle, your lender likely requires it.
With that in mind, let’s take a look at which Miami insurers offer great rates for full-coverage policies.
The average full-coverage policy is $341 per month in Miami, according to our data. Full-coverage car insurance comes with higher rates, but you get more protection. It’s a step up from liability-only and combines liability, comprehensive, and collision coverage into one policy.
When you purchase full coverage, you get protection for collision and non-collision-related events. Having more protection with full coverage protects you in many situations. The chart below shows how rates vary among Miami insurance companies, with the cheapest options for full-coverage car insurance and their average monthly premiums.
Although these five companies are a great place to start if you’re looking for great coverage at an affordable price, your personal rates might be much different depending on your age and driving record. With that in mind, let’s break things down a bit further.
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Car insurance companies review several factors to set your rates. But your driving record has one of the biggest effects on how much you pay. Insurance companies look at risk and tend to live by the adage, “The best predictor of future behavior is past behavior.”
So if you have an incident on your driving record, insurers prepare for the risk of another one by charging you higher rates.
Still, not everything will have the same effect on your premiums. The table below shows how rates differ in Miami when comparing a clean driving record and various types of incidents.
Driving Record ▲▼ | Citywide Average Monthly Premium ▲▼ | Cheapest Insurer ▲▼ | Cheapest Insurer’s Average Monthly Premium ▲▼ |
|---|---|---|---|
| Clean record | $276 | State Farm | $97 |
| Speeding ticket | $337 | State Farm | $116 |
| At-fault accident | $364 | State Farm | $125 |
| DUI | $419 | State Farm | $153 |
Average rates in Miami can change dramatically depending on your driving record, so let’s take a closer look at how different infractions affect rates for most area drivers.
Speeding puts you and others in danger. It can make it tougher to slow down or stop, making it a risky activity. So when you get a speeding ticket, your rates go up because it indicates to insurers that you’re more likely to file a claim.
After a single speeding ticket on your driving record, rates increase by 27%, according to Compare.com data.
In Miami, the cheapest car insurance after a ticket is from State Farm, according to our research. It has average rates of $116 per month after a ticket, compared to the citywide average of $337 per month.
When you get into an at-fault accident, it can result in property damage and potential injuries. That costs insurance companies money and boosts your risk profile, so your rates go up.
After one at-fault accident, car insurance premiums go up by 37% nationwide, according to Compare.com data.
If you’re looking for cheap car insurance quotes in Miami after a car accident, State Farm has the most affordable average rates, at $125 per month, compared to the citywide average of $364 per month, based on our research.
Driving under the influence and getting a DUI on your record has the most significant effect on car insurance rates of any driving infraction. When you get behind the wheel in an altered state of mind, a lot can (and does) go wrong. Because of these serious risks, car insurance rates go up the most with a DUI — increasing by 50% nationally, according to Compare.com data.
State Farm offers the most affordable rates in Miami after getting a DUI, with average premiums of $153 per month, compared to the citywide average of $419 per month.
Age and experience go hand in hand, and that can affect your driving abilities. Young drivers pay significantly more than other age groups because they’re much more likely to cause an accident than older, more experienced drivers. But as you get older and gain more experience behind the wheel, rates begin to decline.
The table below shows how your age affects car insurance quotes in Miami, as well as the cheapest insurer and rates for each group.
Age Group ▲▼ | Citywide Average Monthly Premium ▲▼ | Cheapest Insurer ▲▼ | Cheapest Insurer’s Average Monthly Premium ▲▼ |
|---|---|---|---|
| Teens | $465 | GEICO | $162 |
| 40s | $274 | State Farm | $93 |
| Seniors | $224 | State Farm | $74 |
Teens pay the most, and seniors in their 60s pay the least for auto insurance coverage. Let’s take a closer look at each age group.
Teen drivers pay the most for an auto policy for multiple reasons. They’re just learning to drive and have yet to establish much experience or a driving history.
Additionally, as a group, teens have higher rates of fatal accidents and risky driving behavior. In fact, car crashes are the top cause of death for teens, based on data from the National Highway Traffic Safety Administration (NHTSA).
GEICO has the cheapest car insurance for teens in Miami, with average rates of $162 per month, compared to the citywide average of $465 per month.
Senior drivers who are getting close to retirement age typically have some of the lowest rates of any age group. Thanks to a lifetime of experience and potentially driving less when retired, seniors can pay less for car insurance coverage than their younger counterparts.
That said, there’s a slight increase in rates between drivers in their 60s to 70s, as age-related issues may affect things like coordination or cognition.
State Farm offers the cheapest car insurance quotes in Miami for seniors, with average rates of $74 per month for drivers in their 60s and $85 per month for people in their 70s. This is much more affordable than the citywide average of $224 per month.
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Florida drivers must get at least $10,000 in personal injury protection (PIP) and property damage liability (PDL) coverage, based on Florida Department of Highway Safety and Motor Vehicles requirements. PIP coverage pays medical bills, and PDL pays for other people’s property you damage. Florida is a no-fault state, and PIP is sometimes referred to as no-fault insurance.
The state of Florida is different from most other states because it doesn’t require bodily injury liability (BIL) coverage for everyone. But having PIP coverage helps pay for medical costs and can help fill that gap. That said, taxis and drivers with SR-22 insurance must have bodily injury liability coverage to legally drive in Florida.
As everything goes up in price, you want to control costs where you can. Here are some tips to get cheaper car insurance in Miami.
Practice safe driving habits. Maintain a clean driving record by driving the speed limit, putting your phone away, wearing your seat belt, and avoiding mind-altering substances.
Get a higher deductible. Choosing a higher deductible can lower your insurance premiums. If you’re OK with paying more if you need to file a claim and pay your deductible, this is an easy way to save money.
Bundle insurance policies. Getting multiple policies through the same insurance company can get you a discount. For example, bundle your home insurance or renters insurance, auto insurance, and a life insurance policy to maximize your savings.
Compare quotes. Check out three to five insurance companies and get a personalized quote from each to find the cheapest car insurance in Miami.
Compare personalized quotes from the cheapest insurers in Miami.
If you still want to know more about auto insurance in Miami, here are answers to some of the most frequently asked questions.
State Farm has the lowest rates for auto insurance coverage in Miami, with average rates of $97 per month, according to Compare.com data. But keep in mind that the premiums you get depend on your driving record, ZIP code, and other factors.
The average price for car insurance in Miami is $276 per month, according to Compare.com data. But average rates are only a guideline, and individual rates can vary widely among drivers.
It depends. There’s no one “best” company for everyone since each driver has unique needs and rates can vary from one person to the next. That said, we found that State Farm is one of the best car insurance companies in Miami for many Florida drivers. It offers low rates for drivers with an incident, teens, and seniors, according to our research.
Florida drivers must get $10,000 in personal injury protection coverage and $10,000 in property damage liability coverage to meet state requirements. But you can get higher limits — in fact, many experts recommend it.
If you drive without auto insurance in Miami and authorities catch you, the state may suspend your registration and driver’s license and make you pay a $500 fee to reinstate them.
Florida Department of Highway Safety and Motor Vehicles “Florida Insurance Requirements,” accessed November 26, 2024.
Insurance Information Institute, “Auto insurance basics—understanding your coverage,” accessed November 26 2024.
National Highway Traffic Safety Administration, “Teen Driver Safety,” accessed November 26, 2024.
Insurance Information Institute, “Understanding your insurance deductibles,” accessed November 26, 2024.
Data scientists at Compare.com analyzed more than 50 million real-time auto insurance quotes from more than 75 partner insurers in order to compile the rates and statistics seen in this article. Compare.com’s auto insurance data includes coverage analysis and details on drivers’ vehicles, driving records, insurance histories, and demographic information.
All the rates listed in this article have been collected from a combination of real Compare.com quotes and external insurance rate data gathered in collaboration with Quadrant Information Services. Compare.com uses these observations to provide readers with insights into how auto insurance companies determine their premiums.
Compare.com's #1 goal is to save you money. We publish resources that are based on hard-hitting data and years of industry experience to help you make more informed decisions with your wallet.
Learn more about us, our team, and what makes us tick.
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Melanie Lockert is a personal finance and insurance writer who has been writing for Compare.com since 2023. Her work has also appeared on Allure, Business Insider, Credit Karma, Fortune, and more. She’s also the founder of the blog and author of the book, “Dear Debt” in which she chronicled her journey out of $81,000 of student loan debt.
Melanie is also the co-founder of the Lola Retreat and host of the Mental Health and Wealth show podcast.
Nick Versaw leads Compare.com's editorial department, where he and his team specialize in crafting helpful, easy-to-understand content about car insurance and other related topics. With nearly a decade of experience writing and editing insurance and personal finance articles, his work has helped readers discover substantial savings on necessary expenses, including insurance, transportation, health care, and more. As an award-winning writer, Nick has seen his work published in countless renowned publications, such as the Washington Post, Los Angeles Times, and U.S. News & World Report. He graduated with Latin honors from Virginia Commonwealth University, where he earned his Bachelor's Degree in Digital Journalism.
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