CarInsurance.com Insights
- CarInsurance.com’s data study found that GEICO and Travelers offer the cheapest car insurance rates in Miami at annual costs of $722 and $1,181, respectively, for state minimum coverage.
- You can save an average of $6,548 per year on a full coverage policy in Miami by comparing price quotes from different carriers.
- Drivers with a speeding ticket on their records can find the cheapest rates with State Farm at an average annual cost of $4,358 for full coverage.
- State Farm is one of the most affordable insurers for drivers with a DUI, with average annual premiums of $4,358 for full coverage.
GEICO, UAIC and Travelers are the top insurers with the most affordable car insurance rates for drivers in Miami, Florida for a full coverage policy.
In Miami, the average annual cost of a state minimum car insurance policy for an adult with a clean driving record and a good insurance score is $1,641. If you upgrade to full coverage, the cost increases to $4,901.
Insurance companies determine premiums for each driver differently, taking into account factors like age, driving history and car make and model.
Where you live plays a significant role in determining car insurance rates. Premiums vary widely from one city to another and even between ZIP codes within the same city. Areas with more traffic often see higher accident rates and more claims, so insurers take into account factors such as population density, road conditions and weather.
That’s why our experts have put together this detailed guide to help you make informed choices about car insurance. It also includes a list of the most affordable car insurance providers in Miami.
Who offers the cheapest car insurance rates in Miami, Florida?
GEICO offers cheap car insurance rates in Miami at an average annual cost of $722 or $60 per month for state minimum coverage and $248 per month for a full coverage policy, based on our data study.
Below, you’ll find the companies that offer cheap car insurance to Miami drivers.
| Insurance company | Annual premium |
|---|---|
| GEICO | $2,972 |
| UAIC | $3,525 |
| Travelers | $3,803 |
| State Farm | $4,041 |
| Mercury Insurance | $4,998 |
| Allstate | $5,086 |
| Nationwide | $5,366 |
| Farmers | $6,079 |
| National General | $7,374 |
| Progressive | $9,520 |
Average car insurance rates in Miami
Based on our rate analysis, the average cost of car insurance for state minimum coverage in Miami is $1,641. If you choose liability-only coverage with limits of 50/100/50, you’ll pay $100 more per month or $1,197 more per year.
For full coverage (100/300/100), you would pay an additional $272 per month or $3,260 more annually. Experts recommend purchasing a full coverage policy as it provides more protection than state minimum and liability-only policies.
| Coverage type | Annual premium |
|---|---|
| State minimum | $1,641 |
| Liability only (50/100/50) | $2,838 |
| Full coverage (100/300/100, $500 ded.) | $4,901 |
| Full Coverage – 100/300/100 BI/PD – 250 Comp/Coll | $5,224 |
| Full Coverage – 100/300/100 BI/PD – 1000 Comp/Coll | $4,608 |
| Non-owners | $1,326 |
Cheapest rates for drivers in Miami, Florida, by age
Age is a key factor in determining car insurance rates in most cities, including Miami. It’s one of several factors insurers consider when determining premiums.
Teens (ages 16 to 19) are more prone to accidents because they’re inexperienced drivers. According to the Centers for Disease Control and Prevention (CDC), teen drivers are far more likely to be involved in fatal collisions than adult drivers. The higher the chances of an accident, the higher the car insurance rates.
Drivers in their 40s, 50s and 60s pay less for their car insurance premiums than teen drivers because they are more likely to follow traffic rules, according to the Insurance Information Institute (Triple-I), an industry research and outreach organization.
| Age group | Insurance company | Annual premium |
|---|---|---|
| Teens (16-19) | UAIC | $8,046 |
| Young adults (20-24) | UAIC | $4,719 |
| Adults (25-60) | GEICO | $3,054 |
| Seniors (65-75) | GEICO | $2,790 |
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Cheapest car insurance rates for Miami drivers after a speeding ticket
State Farm offers the most affordable car insurance rates for drivers in Miami following a speeding ticket, at an average annual cost of $4,358 or $363 per month for full coverage.
GEICO and Travelers also offer cheap insurance rates after a speeding ticket.
Find below the car insurance companies with affordable insurance rates for Miami drivers with a speeding ticket.
| Insurance company | Rate before ticket | Rate with speeding ticket | Rate increase (%) |
|---|---|---|---|
| State Farm | $4,041 | $4,358 | 8% |
| GEICO | $2,972 | $5,355 | 80% |
| Travelers | $3,803 | $5,503 | 45% |
| Mercury Insurance | $4,998 | $6,427 | 29% |
| Nationwide | $5,366 | $8,230 | 53% |
| National General | $7,374 | $8,780 | 19% |
| Farmers | $6,079 | $10,429 | 72% |
| Progressive | $9,520 | $12,415 | 30% |
Cheap car insurance for drivers with a DUI in Miami
If you have a DUI on your record in Miami, finding affordable car insurance can be challenging. However, State Farm, GEICO and Travelers offer affordable insurance rates for drivers in Miami after a DUI conviction.
The table below lists car insurance companies in Miami that offer affordable coverage for drivers with DUIs.
| Insurance company | Rate before DUI | Rate with DUI | Rate increase (%) |
|---|---|---|---|
| State Farm | $4,041 | $4,358 | 8% |
| GEICO | $2,972 | $5,548 | 87% |
| Travelers | $3,803 | $5,784 | 52% |
| Allstate | $5,086 | $6,783 | 33% |
| Mercury Insurance | $4,998 | $7,326 | 47% |
| National General | $7,374 | $7,765 | 5% |
| Progressive | $9,520 | $10,682 | 12% |
| Nationwide | $5,366 | $11,383 | 112% |
| Farmers | $6,079 | $16,134 | 165% |
Affordable car insurers for Miami drivers after an at-fault accident
An at-fault accident in Miami can lead to higher car insurance rates, but don’t worry – some insurers offer affordable car insurance rates. In Miami, GEICO offers the cheapest car insurance rates for drivers with an accident on their records. Other insurers that offer affordable premiums include State Farm and Travelers.
The table below shows affordable auto insurance options for drivers in Miami with a history of at-fault accidents.
| Insurance company | Rate before at-fault accident | Rate with at-fault accident | Rate increase (%) |
|---|---|---|---|
| GEICO | $2,972 | $4,379 | 47% |
| State Farm | $4,041 | $4,704 | 16% |
| Travelers | $3,803 | $5,268 | 39% |
| Nationwide | $5,366 | $7,550 | 41% |
| Mercury Insurance | $4,998 | $8,443 | 69% |
| Allstate | $5,086 | $9,286 | 83% |
| Farmers | $6,079 | $9,635 | 58% |
| National General | $7,374 | $9,672 | 31% |
| Progressive | $9,520 | $13,988 | 47% |
Compare car insurance quotes in Miami: How to save on an insurance policy?
By comparing car insurance quotes, you could save an average of $6,548 per year or $546 per month on a full coverage policy in Miami, Florida, according to CarInsurance.com’s rate analysis. While your savings will vary based on factors like location, age and driving history, this shows how much you can benefit from shopping around and comparing quotes.
Final thoughts: Car insurance cost in Miami, Florida
Shopping for a new auto insurance policy when your current one is up for renewal is the best way to secure the most affordable coverage in Miami, Florida. Maximize your savings by taking advantage of discounts, driving a vehicle with adequate safety features and keeping a clean driving record.
Resources and Methodology
Sources
- Centers for Disease Control and Prevention. ‘Teen drivers.’ Accessed February 2026.
- Insurance Information Institute. ‘Senior driving safety and insurance tips.’ Accessed February 2026.
Methodology
CarInsurance.com commissioned Quadrant Information Services to get car insurance rates. The rates are based on the sample profiles of 40-year-old male and female drivers carrying full coverage policies with limits of 100/300/100 and $500 collision and comprehensive deductibles. Read the detailed methodology for more information.
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