CarInsurance.com Insights
- According to a CarInsurance.com study, GEICO and Mercury Insurance rank among the cheapest car insurance providers in Miami, offering insurance for $716 and $1,032, respectively, per year for a state minimum policy.
- Comparing car insurance quotes from different insurance companies can help you save an average of $5,150 per year on your car insurance policy.
- For drivers with a speeding violation, State Farm offers the most affordable full coverage car insurance in Miami, averaging $4,462 per year.
- State Farm is among the most affordable car insurance providers for drivers with a DUI in Miami, with an average annual full coverage cost of $4,462.
According to a detailed data analysis, GEICO, Travelers and UAIC provide cheap car insurance rates for drivers in Miami, Florida for a full coverage policy.
Car insurance in Miami for an adult with a clean driving record and good insurance score costs $1,641 a year for a state minimum policy and $4,672 for a full coverage policy.
Insurance companies consider drivers as individuals, factoring in their age, driving history, the make and model of their car and other factors.
Where you live is also a significant factor. Car insurance rates can vary significantly from city to city and even from one ZIP code to another. More traffic typically translates to more accidents and claims, so insurers look at neighborhoods and consider population density, road conditions, weather and other factors to calculate premiums.
That’s why our experts have created this comprehensive guide to help you make smart decisions about car insurance. It also lists the cheapest car insurance carriers and rates in Miami.
Who offers the cheapest car insurance rates in Miami, Florida?
In Miami, GEICO has the lowest rates for a state minimum policy, costing $716 per year or $60 per month. Its full coverage car insurance averages $3,040 annually for the coverage limits of 100/300/100 coverage and $500 collision and comprehensive deductibles.
Below, we mentioned the insurers that offer affordable car insurance for Miami drivers.
| Insurance company | Annual premium |
|---|---|
| GEICO | $3,040 |
| Travelers | $3,693 |
| UAIC | $3,832 |
| State Farm | $4,131 |
| Mercury Insurance | $4,354 |
| Allstate | $5,621 |
| AIG | $8,143 |
| Progressive | $8,190 |
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 $38 more per month or $464 more per year.
For full coverage (100/300/100), you would pay an additional $252 per month or $3,031 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 BI/PD | $1,641 |
| Liability Only – 50/100/50 BI/PD | $2,105 |
| Full Coverage – 100/300/100 BI/PD – 500 Comp/Coll | $4,672 |
| Full Coverage – 100/300/100 BI/PD – 250 Comp/Coll | $4,844 |
| Full Coverage – 100/300/100 BI/PD – 1000 Comp/Coll | $4,468 |
| Non-Owners | $817 |
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 | $8,644 |
| Young Adults (20-24) | UAIC | $5,041 |
| Adults (25-60) | GEICO | $3,127 |
| Seniors (65-75) | GEICO | $2,855 |
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Cheapest car insurance rates for Miami drivers after a speeding ticket
According to our data analysis, State Farm offers the cheapest car insurance rates for drivers in Miami with speeding tickets, at an average annual cost of $4,462 or $372 per month. UAIC and Travelers also provide affordable insurance rates following a speeding ticket.
Below are the car insurance companies that offer cheap insurance premiums for Miami drivers with speeding tickets.
| Insurance company | Rate before ticket | Rate with speeding ticket | Rate increase (%) | $ Increase |
|---|---|---|---|---|
| State Farm | $4,131 | $4,462 | 8% | $331 |
| UAIC | $3,832 | $4,910 | 28% | $1,078 |
| Travelers | $3,693 | $5,364 | 45% | $1,671 |
| Mercury Insurance | $4,354 | $5,425 | 25% | $1,071 |
| Progressive | $8,190 | $10,573 | 29% | $2,383 |
| AIG | $8,143 | $12,331 | 51% | $4,188 |
Cheap car insurance for drivers with a DUI in Miami
If you’re a driver with a DUI in Miami, finding affordable car insurance can be challenging. However, State Farm, GEICO and Travelers offer cheap car insurance rates for drivers in Miami after a DUI conviction.
The table below lists affordable car insurance companies in Miami that offer coverage to individuals with a DUI.
| Insurance company | Rate before DUI | Rate with DUI | Rate increase (%) |
|---|---|---|---|
| State Farm | $4,131 | $4,462 | 8% |
| GEICO | $3,040 | $5,419 | 78% |
| Travelers | $3,693 | $5,639 | 53% |
| Mercury Insurance | $4,354 | $5,697 | 31% |
| UAIC | $3,832 | $6,626 | 73% |
| Allstate | $5,621 | $7,411 | 32% |
| Progressive | $8,190 | $9,085 | 11% |
| AIG | $8,143 | $11,419 | 40% |
Affordable car insurers for Miami drivers after an at-fault accident
Car insurance rates increase after an at-fault accident in Miami for most drivers. However, some insurers offer affordable premiums to high-risk drivers.
In Miami, GEICO offers the cheapest car insurance for drivers with an at-fault accident on their records. Other insurers that offer affordable premiums are State Farm and UAIC.
See the table below to see which insurers offer cheap auto insurance premiums for Miami drivers with an accident on their driving records.
| Insurance company | Rate before at-fault accident | Rate with at-fault accident | Rate increase (%) |
|---|---|---|---|
| GEICO | $3,040 | $4,339 | 43% |
| State Farm | $4,131 | $4,823 | 17% |
| UAIC | $3,832 | $4,939 | 29% |
| Travelers | $3,693 | $5,159 | 40% |
| Mercury Insurance | $4,354 | $6,455 | 48% |
| Allstate | $5,621 | $10,140 | 80% |
| Progressive | $8,190 | $11,721 | 43% |
| AIG | $8,143 | $12,822 | 57% |
Compare car insurance quotes in Miami: How to save on an insurance policy?
By comparing car insurance quotes, you could save an average of $5,150 per year or $429 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 at renewal time is the best way to ensure you have the cheapest car insurance in Miami, Florida. Maximize your discounts, drive a vehicle with plenty of safety features and maintain a good driving record to pay less for car insurance.
Resources and Methodology
Sources
- Centers for Disease Control and Prevention. ‘Teen drivers.’ Accessed July 2026.
- Insurance Information Institute. ‘Senior driving safety and insurance tips.’ Accessed July 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.
*USAA is only available to military community members and their families.
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