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.
According to a detailed data analysis, GEICO, UAIC and Travelers 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 $4,901 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 $722 per year or $60 per month. Its full coverage car insurance averages $2,972 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 | $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
According to our rate analysis, state minimum coverage in Miami costs an average of $1,641 per year. Opting for liability-only coverage with 50/100/50 limits would increase your monthly payment by $100 and your yearly premium by $1,197.
For full coverage (100/300/100 with $500 collision and comprehensive deductibles), you can expect to pay $272 more per month or $3,260 per year. However, it’s worth the extra cost as it provides adequate protection to drivers in the event of an accident.
| 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
Our data shows that State Farm has the most affordable car insurance rates for drivers in Miami after a speeding ticket, with an average annual cost of $4,358 or $363 monthly. GEICO and Travelers also offer affordable premiums to drivers with speeding tickets on their records.
Below is a list of car insurance companies that offer affordable rates for Miami drivers with speeding tickets.
| 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
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 Travelers.
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 | $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?
CarInsurance.com’s rate analysis shows that you could save an average of $6,548 per year or $546 per month on a full coverage policy in Miami, Florida, by comparing insurance quotes. Though savings will depend on factors like your location, age and driving record, comparing policies can lead to significant savings.
Expert take on getting car insurance in Miami
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 January 2026.
- Insurance Information Institute. “Senior driving safety and insurance tips.” Accessed January 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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