GEICO, Travelers and Mercury are among the most affordable car insurance companies in Miami. Rates vary based on your driving history and the coverage you need. The table below breaks down costs by common categories, helping you see which company might be the best fit for your situation.
Cheapest Car Insurance in Miami, FL
Updated: January 9, 2025
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Key Takeaways
The cheapest car insurance companies in Miami are GEICO, Mercury, Travelers, Allstate and State Farm.
The lowest monthly rates for car insurance in Miami are $67 for state minimum coverage and $182 for full coverage.
On average, Miami drivers pay $135 per month for minimum coverage and $275 for full coverage.
Why Trust MoneyGeek? MoneyGeek analyzed car insurance companies using data collected from the Florida Department of Insurance and Quadrant Information Services. Learn more.
Cheapest Car Insurance Rates and Companies in Miami
| GEICO | Minimum Coverage | $67 |
| Travelers | Full Coverage | $182 |
| Allstate | Teens | $384 |
| GEICO | Young Adults | $89 |
| GEICO | Senior Drivers | $62 |
| Mercury | Drivers With Bad Credit | $126 |
| Allstate | Drivers With a Speeding Ticket | $102 |
| State Farm | Drivers With a DUI | $120 |
| GEICO | Drivers With an Accident | $102 |
| GEICO | Military Affiliated Drivers | $67 |
Cheapest Car Insurance Coverage in Miami
Finding the cheapest car insurance in Miami requires comparing rates from various providers. Factors like age, driving history, vehicle type and coverage needs all play a role in determining costs. While the cheapest car insurance in Florida may offer insight, Miami's rates can vary. Shopping for car insurance quotes ensures affordable coverage tailored to your needs.
Cheapest Minimum Coverage Car Insurance in Miami
GEICO offers the cheapest minimum coverage car insurance in Miami at $67 per month, followed by Mercury at $88. Check the table below for more providers offering great rates on minimum coverage.
| GEICO | $67 | $68 |
| Mercury | $88 | $47 |
| Travelers | $90 | $45 |
| Allstate | $99 | $36 |
| State Farm | $105 | $30 |
Cheapest Full Coverage Car Insurance in Miami
Travelers offers the cheapest full coverage car insurance in Miami at $2,188 per year. Check the table below to explore more providers offering competitive rates for full car insurance coverage.
| State Farm | $190 | $85 |
| Travelers | $182 | $93 |
| GEICO | $193 | $82 |
| Allstate | $208 | $67 |
| Mercury | $246 | $30 |
| Nationwide | $264 | $12 |
Cheapest Car Insurance in Miami by Age
In Miami, your age can change your car insurance costs. Young drivers often pay more because they're new on the road. Over time, these rates usually go down, but they might go up after age 70. Below, find the most affordable insurers for teens, young adults, and seniors.
Cheapest Car Insurance in Miami for Teens
For Miami teens, the most affordable car insurance is from GEICO and State Farm. Check the table below to find the lowest rates for your age group in the city.
| GEICO | $402 | $54 | $423 | $394 |
| State Farm | $406 | $50 | $462 | $355 |
Cheapest Car Insurance in Miami for Young Adults
GEICO offers the cheapest car insurance for young adults in Miami, with an annual rate of $1,063. This is 42% cheaper than the city average. Other affordable options include Travelers, Allstate and Mercury.
| GEICO | $89 | $64 |
| Travelers | $98 | $55 |
| Allstate | $104 | $49 |
| Mercury | $105 | $48 |
| State Farm | $118 | $35 |
Cheapest Car Insurance in Miami for Seniors
Miami's cheapest car insurance for seniors comes from GEICO at $738 per year. Check the table below to explore options from other providers and find the best rates for senior drivers.
| GEICO | $62 | $66 |
| Mercury | $75 | $52 |
| Travelers | $85 | $42 |
| State Farm | $97 | $30 |
| Allstate | $102 | $25 |
Cheapest Car Insurance in Miami for Drivers With Bad Credit
A poor credit-based insurance score can lead to higher premiums compared to those with good scores. For cheap car insurance for drivers with bad credit, Mercury offers a rate of $1,510 annually, while GEICO provides a rate of $1,670 in Miami. Review the table below for more options from other providers.
| Mercury | $126 | $93 |
| GEICO | $139 | $79 |
| Allstate | $184 | $35 |
| Nationwide | $197 | $21 |
| Travelers | $207 | $11 |
| Direct General Insurance | $218 | $0 |
HOW TO LOWER YOUR RATE WITH BAD CREDIT
If you have poor credit, you may lower your insurance costs by finding discounts, bundling different insurance policies and comparing personalized quotes from multiple companies. Taking extra steps to improve your credit over time can also help you get a lower rate.
Cheapest Car Insurance in Miami After a Driving Offense
Insurance providers assess risk to calculate car insurance premiums, and your driving record is crucial in this process. Violations like speeding tickets, accidents, or DUIs can significantly raise your rates. Even the cheapest car insurance for drivers with violations will be more expensive than for those with clean records. We've broken down affordable providers so you can find cheap car insurance after an accident and for other driving offenses.
Cheapest Car Insurance in Miami After a DUI
Drivers in Miami with a DUI can still find affordable car insurance. State Farm offers the cheapest annual rate for minimum coverage at $1,436. Check the table below to explore options from other providers and find the best rates for drivers with DUI in Miami.
| State Farm | $120 | $65 |
| GEICO | $130 | $55 |
| Allstate | $133 | $52 |
| Mercury | $136 | $50 |
| Travelers | $153 | $32 |
| Progressive | $172 | $13 |
Cheapest Car Insurance in Miami After an Accident
For drivers in Miami with an at-fault accident record, GEICO provides the most affordable minimum coverage car insurance at $1,223 annually. Check the table below to explore options from other providers and find the best car insurance company with the most affordable rates.
| GEICO | $102 | $100 |
| State Farm | $131 | $71 |
| Travelers | $132 | $70 |
| Mercury | $163 | $40 |
| Allstate | $179 | $23 |
Cheapest Car Insurance in Miami After a Ticket
Allstate offers the most affordable car insurance for drivers in Miami with a speeding record, with an annual rate of $1,221. Mercury follows closely with a rate of $1,348. Check the table below to explore options from other providers and find the best car insurance company with the most affordable rates for drivers with a speeding record.
| Mercury | $112 | $54 |
| Allstate | $102 | $64 |
| State Farm | $120 | $46 |
| Travelers | $124 | $42 |
| GEICO | $126 | $40 |
| Nationwide | $163 | $3 |
Cheapest Car Insurance in Miami for Military Drivers
Military drivers in Miami, including active-duty members, veterans, and their families, can often find special discounts and competitive rates on car insurance. According to MoneyGeek's page, the cheapest car insurance providers for military drivers are GEICO, with an annual rate of $800, and Mercury, at $1,054 for minimum coverage.
| GEICO | $67 | $68 |
| Mercury | $88 | $47 |
| Travelers | $90 | $45 |
| Allstate | $99 | $36 |
| State Farm | $105 | $30 |
Car Insurance Quotes in Miami
The estimated car insurance rates offer Miamians a glimpse into potential premium costs, serving as a valuable starting point for those seeking affordable coverage. However, since insurers consider individual factors, obtaining personalized quotes is crucial for accurately determining your car insurance costs in the Magic City.
Compare Miami Car Insurance Estimates Online
Since insurers evaluate personal factors differently, comparing quotes is the only way to find affordable car insurance. In Miami, drivers can use MoneyGeek to enter basic information and receive multiple quotes in minutes. For instance, GEICO offers a monthly rate of $67, while Mercury's rate is $88, highlighting the importance of comparison.
Car Insurance Calculator
MoneyGeek's car insurance calculator will give you a customized estimate of your auto insurance cost. It's free to use, requires no personal information and we won't send you any spam.
$192
High
$139
Average
$87
Low
Rates updated:
Jan 10, 2025
| Insurance Carrier | MoneyGeek Score | Average Monthly Payment | ||
|---|---|---|---|---|
| 1 |  Capital Insurance Group | 94 /of 100 | $87 | |
| 2 |  GEICO | 82 /of 100 | $109 | |
| 3 | 83 /of 100 | $118 | ||
| 4 | 83 /of 100 | $129 | ||
| 5 | 79 /of 100 | $133 | ||
| 6 | 77 /of 100 | $151 |
1
Capital Insurance Group
MoneyGeek Score
94
/of 100
Average Monthly Payment$87/mo
2
GEICO
MoneyGeek Score
82
/of 100
Average Monthly Payment$109/mo
Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.
Car Insurance Agencies in Miami
While comparing car insurance quotes online is a quick way to find affordable coverage, those in search of a personalized experience should consider contacting local agencies. The table below includes names, review ratings, and contact details for top car insurance agencies in the area.
How Much Does Car Insurance Cost in Miami?
In Miami, the average yearly cost for full coverage car insurance is $3305. State minimum coverage is cheaper, averaging about $1614 annually. Remember, these averages are for a 40-year-old with good credit and a clean driving record, so your price may be different.
Miami Auto Insurance Cost by Driver Profile
See how your car insurance stacks up with our summary of average costs for various drivers. Find affordable rates that fit your profile.
| Teen Drivers | No Data | $817 |
| Young Adults | $153 | $337 |
| Senior Drivers | $127 | $264 |
| Drivers With Bad Credit | $218 | $435 |
| Drivers With a Speeding Ticket | $166 | $353 |
| Drivers With a DUI | $185 | $393 |
| Drivers With an Accident | $202 | $426 |
| Military Affiliated Drivers | $135 | $275 |
How Expensive Is Car Insurance Miami?
Car insurance in Miami costs about 35% more for state minimum coverage and 27% more for full coverage compared to Florida's averages. Expect to pay around $135 monthly for minimum coverage and $275 for full coverage.
| Miami Avg Rate | $135 | $275 |
| Florida Avg Rate | $99 | $214 |
| vs Florida Avg Rate | $-35 | $-61 |
Car Insurance Requirements in Miami
In Florida, drivers are required to have car insurance that meets specific state minimums. These requirements are in place to ensure that motorists have financial protection in case of an accident. The minimum coverage includes certain limits for property damage and personal injury protection (PIP).
Florida's minimum auto insurance coverage includes:
- $10,000 for property damage liability per accident.
- $10,000 for personal injury protection (PIP) per person.
An auto insurance policy with the state minimum coverage provides financial protection against expenses from an accident. For example, if you're at fault in a crash, liability coverage helps pay for the other party's property damages up to your policy's limits.
Let's say you're involved in an accident where you're at fault, and the other driver's car repairs cost $8,000. Your minimum coverage for property damage liability would cover this expense, as it falls within the $10,000 limit. However, if the costs exceed your coverage limit, you would be responsible for the difference. Additionally, if you need SR-22 insurance in Miami, these are the minimum coverage amounts you must carry to drive legally.
Cheapest Car Insurance in Miami: Bottom Line
The most affordable car insurance in Miami depends on things like your age, driving history, and car type. GEICO and State Farm often have the best prices. But remember, to save the most money, always compare quotes from different companies.
Cheap Miami Car Insurance: FAQ
MoneyGeek answers common questions about affordable car insurance in Miami. We help you find the best coverage for your needs, ensuring you're informed and confident in your choice.
What is the cheapest car insurance company in Houston, Texas?
The cheapest car insurance company in Miami, Florida, is typically GEICO, with average rates of $67 per month for minimum coverage. For full coverage, Travelers offers $182 per month. However, rates vary based on age, driving history and coverage needs, so it’s best to compare quotes.
What is the average cost of car insurance in Miami, Florida?
The average cost of car insurance in Miami, Florida, is around $275 per month for full coverage, while minimum coverage averages approximately $135 per month. These rates can vary depending on your specific circumstances.
Is car insurance in Miami, Florida, expensive?
Yes, car insurance in Miami, Florida, tends to be more expensive than the state average. Factors like higher traffic congestion, accident rates and crime rates contribute to the increased premiums. Shopping around and comparing quotes can help you find more affordable options.
How We Chose the Cheapest Car Insurance in Miami, FL
To help Miami drivers find the most affordable auto insurance companies, MoneyGeek analyzed Miami auto insurance rates based on data and information from the Florida Department of Insurance and Quadrant Information Services.
Miami Driver Profile
MoneyGeek created a sample driver profile to calculate car insurance quote averages in Miami with the following characteristics:
- 40-year-old male
- 2012 Toyota Camry LE
- Clean driving record
- 12,000 miles driven annually
Certain factors — such as age, driving record, credit score and military affiliation — were adjusted to find the most suitable insurance companies for specific driver profiles.
Coverage Levels in Miami
MoneyGeek compared the most affordable insurance providers for both minimum and full coverage auto insurance policies.
The minimum coverage requirements in Florida are:
- $30,000 bodily injury liability per person
- $60,000 bodily injury liability per accident
- $25,000 property damage liability per accident
For a full coverage policy, we used the following coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability per accident
- Comprehensive and collision insurance, each with a $1,000 deductible
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick 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 knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.