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Beth Swanson

SEO Content Strategist

  • Licensed Insurance Agent — Property and Casualty

Beth joined The Zebra in 2022 as an Associate Content Strategist. She is a licensed insurance agent whose goal is to make insurance content easy to r…

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Beth Swanson

SEO Content Strategist

  • Licensed Insurance Agent — Property and Casualty

Beth joined The Zebra in 2022 as an Associate Content Strategist. She is a licensed insurance agent whose goal is to make insurance content easy to r…

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Kristine Lee

Insurance Analyst

  • Licensed Insurance Agent — Property and Casualty
  • 4+ years of Experience in the Insurance Industry

Kristine is a licensed insurance agent who joined The Zebra in 2019 as an in-house content researcher and writer. Before joining The Zebra, she was a…

How much does car insurance cost in Miami?

Between the beautiful beaches, a vibrant social scene, and gorgeous weather, Miami is a desirable place to call home. But for drivers, finding the right car insurance can sometimes be an expensive, and challenging, process in Florida. The average cost for a six-month policy in Miami is $1,969 or around $328 per month.

Miami drivers pay more than the average for car insurance in Florida ($1,447 every six months) and more than double the national average of $880. Of our customers in Miami, 43% said they're paying too much for car insurance right now. If you are wondering if your rates are too high, or simply want to educate yourself about car insurance in Florida, keep reading to learn more about insurance requirements and typical rates in Miami.

Car Insurance in Miami vs. Florida Avg. 6 Mo. Premium
Florida Average $1,447
Miami Average $1,969

The cheapest car insurance companies in Miami

1st place medal
1st place: GEICO

GEICO is the cheapest option in Miami at $241 per month or $1,443 for a six-month policy.

2nd place medal
2nd place: Travelers

The second most affordable option in Miami for auto insurance is through Travelers. A six-month policy with Travelers costs $1,464, which comes out to $244 per month.

3rd place medal
3rd place: Nationwide

In third place on our list of cheap Miami insurers is State Farm, which costs $273 per month ($1,636 for a six-month policy).

The Zebra's key takeaways about car insurance in Miami:

  • The average cost of a car insurance policy in Miami is $1,969 per six-month policy — $328 per month.
  • The cheapest company in Miami is GEICO ($1,443).
  • Miami ranks as the 26th most expensive city for car insurance in Florida.
  • 43% of Zebra customers in Miami stated they used our product because they were paying too much for car insurance, currently.

Are you paying too much for auto insurance?

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Miami car insurance rates by company

Based on our 2024 data, the most affordable option for full coverage auto insurance in Miami is GEICO at a rate of $241 per month or $1,443 for a six-month policy, followed by Travelers at $1,464 for a six-month policy, which equates to around $244 per month. Both companies offer rates that are lower than the average in Miami. 

To learn more about the top-rated car insurance companies based on The Zebra's Customer Satisfaction Survey, keep reading.


Cheapest car insurance companies in Miami, FL
Company Avg. 6 Mo. Premium
GEICO $1,443
Travelers $1,464
State Farm $1,636
Mercury $1,787
Allstate $2,023
AIG $2,456
MetLife $2,524

The Zebra’s Dynamic Insurance Rating Tool data methodology

The Zebra’s Dynamic Insurance Rating Tool for home and auto insurance rates utilizes the latest ZIP code-level rate filings from across the U.S., sourced from Quadrant Information Services and S&P Global. These filings, typically updated annually or biennially by insurers, are verified through Quadrant’s QA process and then integrated into The Zebra’s estimator.

The displayed rates are based on a dynamic home and auto profile designed to reflect the content of the page. This profile is tailored to match specific factors such as age, location, and coverage level, which are adjusted based on the page content to show how these variables can impact premiums.

For a comprehensive understanding, see our detailed methodology.

Shop around for the best rates

If you are looking for cheap car insurance, the easiest way to find it is to compare rates from different companies. Let us do the heavy lifting for you, so you can focus on finding the best option that fits your budget and unique needs. Simply enter your ZIP code to see rates from top companies, such as Travelers, Allstate, State Farm, and MetLife (as well as other companies), and discover the cheapest car insurance available in Miami.

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Average car insurance in Miami by rating factor

The factors that go into determining your car insurance rate are unique to you and can vary depending on the insurance company. While most companies consider similar factors, such as age and credit score, they may weigh these details differently. For instance, one insurer may put more weight on your driving and claims history, while another may prioritize your credit score. To learn more about the rating factors that affect your car insurance rate in Miami, keep reading.

Your insurance needs and circumstances can change over time, so the best insurance company for you may change as well. Even if you've been with the same insurer for years, it's still a good idea to shop around and compare quotes every six months to a year to ensure you have coverage that fits your current situation.

Q: I didn't have an accident — Why is my insurance going up?

A: In Miami, the end-of-year earnings (revenue of premiums versus the cost of paying insureds' claims) is a significant factor in determining how much you will pay for car insurance. Even if you have not made any claims with your insurer, you may still end up paying more with a particular company due to the increased cost of doing business in Miami.

Auto insurance premiums by age in Miami

In Miami, age is a significant factor in determining how much you will pay for car insurance. Insurance companies are focused on risk, and data analysis shows that teen drivers pose the most risk on the road and have a higher number of accidents. As a result, teens typically see the most expensive rates for their premiums. While this can be surprising to some, these higher rates exist to help offset the cost of claims paid by the insurance company.

In Miami, the variance in premiums paid by teenage motorists and those in their twenties is an astounding $6,290 annually. Therefore, with a safe driving record and more experience behind the wheel, you will probably see a substantial decrease in your rates within a few years. To maintain lower rates in the meantime, consider adding a teen driver to a parent or guardian's policy rather than obtaining their own policy. Furthermore, inquire about discounts for good students and safe driving.

Cheapest car insurance companies for teen drivers in Miami, FL
Company Avg. 6 Mo. Premium
GEICO $3,104
Travelers $4,409
State Farm $5,227
AIG $5,383
Allstate $6,527
MetLife $7,122
Mercury $8,892
Age Bracket Cheapest Companies Avg. 6 Mo. Premium
20s Travelers $1,761
30s GEICO $1,389
40s Travelers $1,331
50s Travelers $1,239
60s Travelers $1,225
70s GEICO $1,314

Zebra Tip: The cheapest companies for Miami drivers between 20-40 are GEICO, Travelers, and State Farm

Our research indicates that in Miami, the largest group of drivers falls between the ages of 20 and 40. For a six-month policy, rates for this demographic average around $2,221. However, drivers in this age group can save nearly 25% by selecting one of these providers.

Auto insurance premiums for minimum coverage in Miami

The premium you'll pay for car insurance is directly influenced by the coverage you opt for, apart from personal variables like age or credit score. Minimum coverage is thought to be a way to pay reduced rates, but it may not be a sensible option in the long term. Being underinsured in case of an accident is a potential risk if you only have the bare minimum.

Opting for collision coverage or comprehensive coverage, also known as "full coverage," will significantly increase your rates in Miami. However, it will also provide much more peace of mind. Your rates will also be impacted by the deductible required for collision and comprehensive coverage. If you want to have full coverage while still maintaining affordable rates, you may consider increasing your deductible. As the deductible and premium are inversely related, the higher your deductible, the lower your premium.

Feeling safe and secure while driving is crucial in Miami, and additional features such as roadside assistance or uninsured motorist coverage will be available to assist if you're involved in an accident with an uninsured driver. While these add-ons will raise your rate, they provide additional protection for you and your vehicle, much like comprehensive coverage.

Q: Can I lower my car insurance coverage?

A: Possibly — if your vehicle is paid off.

If you're leasing or financing your vehicle in Miami, there's likely a required amount of insurance coverage that you need to carry. However, if you own your car outright, that means there's more flexibility. If you're considering dropping comprehensive or collision coverage, we suggest obtaining the actual cash value of your car from a source like Kelley Blue Book. If your vehicle is worth $4,000 or less, you probably don't need to carry full coverage. This is a way to lower your rates but also makes you more vulnerable to paying for damages yourself.

Cheapest car insurance companies for minimum coverage in Miami, FL
Company Avg. 6 Mo. Premium
Mercury $339
GEICO $391
Travelers $439
MetLife $463
State Farm $673
Allstate $692
AIG $698

48% of our customers in Miami opt for basic coverage, but this may not be the best option for everyone. It's important to consider all your options and see what coverage best fits your needs. While we understand state minimum or basic coverage is a budget-friendly solution, it does leave you at risk for damages that exceed your liability limits. Also, Florida is unique in that it is a no-fault state, which means that drivers aren't required to have bodily injury liability insurance. No matter whose fault an accident is, your own personal injury protection (PIP) coverage will step in to provide coverage for injuries. Florida's requirements are $10,000 in property damage liability and $10,000 in PIP coverage.

Learn more about insurance laws in Florida.

Miami car insurance rates by credit score

Most states, including Florida, consider credit score as a significant factor in determining car insurance rates. There are multiple reasons for this, and as with most insurance-related matters, it all boils down to risk. Research has demonstrated that drivers with lower credit scores tend to have more insurance coverage lapses, riskier driving behaviors, and file more claims.

In Miami, drivers with poor credit scores (300-579) pay 91% more than drivers with excellent credit (800-850). This can make a substantial difference over time! However, 42% of drivers in Miami have a credit score that falls in the good (680-719) category. As of 2024, GEICO is the cheapest option for Miami drivers in this credit range.

car insurance in miami by credit score
Cheapest car insurance companies for bad credit in Miami, FL
Company Avg. 6 Mo. Premium
GEICO $2,622
AIG $2,648
Mercury $2,887
Travelers $3,008
State Farm $3,179
Allstate $3,777
MetLife $5,154

Zebra Tip: If you recently improved your credit score, shop around for car insurance!

Miami residents don't need to immediately aim for a hundred-point increase in their credit score to improve it. According to our research, car insurance for drivers with "Fair" credit costs $1,858 less annually in Miami than for those with "Poor" credit. The discrepancy may only be a few points, depending on where you stand on the credit scale. If you've been actively enhancing your credit score, such as by paying off a loan, now is the perfect time to assess whether your efforts have paid off and can potentially lower your car insurance expenses.

Auto insurance rates with an at-fault accident

In Miami, the most frequent types of insurance claims are at-fault and collision-related accidents, and you can anticipate that either of them will increase your rates afterward. In Miami, these increases average $141 per month, depending on the violation. GEICO has the cheapest rates after an at-fault accident.

Whether you live in Miami or any other city, the most effective method to maintain affordable rates is to drive safely. Receiving a ticket for speeding, charges for reckless driving, and DUIs or DWIs can all lead to higher rates, and your premium may be affected for up to three to five years following an accident. More severe infractions may have an even longer-lasting impact. While accidents can happen, driving safely and adopting good driving habits not only safeguards you physically but also financially.

Cheapest car insurance companies after an at-fault accident in Miami, FL
Company Avg. 6 Mo. Premium
GEICO $1,838
Travelers $1,902
State Farm $2,292
Mercury $2,978
Allstate $3,162
AIG $3,404
MetLife $4,096

Miami car insurance rates by violation

Check out the chart below to see how different violations and claims can impact the increase of your rate in Miami.


Car insurance rate increases after violations and citations in Miami, FL
Accident/Violation Avg. 6 Mo. Premium % Rate Increase $ Rate Increase
One Med/PIP claim $1,969 0% $0
None $1,969 0% $0
Not-at-fault accident $2,041 4% $72
Two Med/PIP claims $2,128 8% $159
One comp claim $2,140 9% $171
Two comp claims $2,204 12% $236
Failure to wear a seat belt $2,232 13% $264
Child safety restraint $2,232 13% $264
Failure to show documents $2,239 14% $270
Driving without lights $2,239 14% $270
Speeding 6 - 10 MPH over limit $2,267 15% $298
Passing school bus $2,286 16% $317
Wrong way/wrong lane $2,299 17% $330
Improper passing $2,301 17% $332
Failure to yield $2,304 17% $335
Failure to stop at a red light $2,304 17% $335
Illegal turn $2,305 17% $336
Driving with expired registration $2,305 17% $337
Following too closely $2,305 17% $337
Cell phone violation $2,305 17% $337
Texting while driving $2,312 17% $343
Speeding 11 - 15 MPH over limit $2,343 19% $374
Speeding in school zone $2,359 20% $390
Driving too slowly $2,359 20% $390
Speeding 16 - 20 MPH over limit $2,432 24% $463
Speeding 21 - 25 MPH over limit $2,449 24% $480
Operating a vehicle without permission $2,509 27% $540
Open container $2,512 28% $543
In 65 MPH zone $2,600 32% $631
At-fault accident - less than $1000 $2,789 42% $820
At-fault accident - $1000-$2000 $2,838 44% $869
At-fault accident - greater than $2000 $2,838 44% $869
Racing $2,961 50% $992
Refusal to submit to a chemical test $3,038 54% $1,069
DUI $3,038 54% $1,069
Driving with a suspended license $3,140 60% $1,172
Reckless driving $3,156 60% $1,187
Leaving scene of an accident/hit and run $3,190 62% $1,221

Why is car insurance in Miami so expensive?

Florida, in general, is an expensive state in which to purchase auto insurance. One factor that makes Miami rates high is the cost of living — when it's high for individuals to live, it's usually high for businesses to operate as well. Also, consider the weather risks that the area deals with on a regular basis. 

Here's a more detailed look at why car insurance rates in Miami may fluctuate and why your rate might seem high.


In Miami, the location of your residence affects how much you pay for car insurance. Although this is somewhat beyond your control, it does influence risk. Certain areas are simply more susceptible to theft, other crimes, and uninsured drivers than others. This can differ by hundreds of dollars between neighborhoods in some cities. If you live in a high-crime area, you will likely pay more for auto insurance than someone who lives in a safer neighborhood.

Expensive Miami ZIP codes: 33167, 33125, 33135, 33168, 33142

Cheap Miami ZIP codes: 33176, 33157, 33143, 33158, 33156

Weather risk
Weather risk

The damage caused by hurricanes and other weather-related damage has been known to bankrupt insurance companies. Florida experiences a fair amount of severe weather, and this can make it expensive for auto insurers to operate in the state. In turn, they will raise their rates to anticipate further weather-related losses.

Damage to your vehicle caused by flooding is covered under your comprehensive coverage. If you have a new or nice vehicle, even if its paid off, it's a good idea to carry comprehensive insurance if you're concerned about flooding or any other weather risks.

number of drivers
Number of drivers

Miami has become increasingly popular in the last few years as people have shifted from more metropolitan areas, but more people means more vehicles and therefore more accidents. The costs of accident-related claims generally get passed along to other drivers through higher rates, even if you're a safe or infrequent driver. People operating vehicles without insurance coverage also pose a significant risk, and with Florida's no-fault status and fairly low requirements, it may be worth increasing your coverage to further protect yourself from damages caused by others. 

Zebra Tip: Comprehensive coverage and uninsured property damage coverage are good to have in Florida

Although drivers don't set out to get into an accident, particularly with an uninsured driver, it does happen. By carrying uninsured motorist coverage (also referred to as UMPD), you can be prepared in the event of an unwanted incident. UMPD will be there to aid you if your vehicle (or yourself) is harmed by an underinsured or uninsured driver. Florida is a no-fault state, but you can still carry this additional coverage to help protect yourself and your vehicle.

As mentioned, the weather in Florida can be volatile. Adverse weather can also cause significant damage to vehicles. Miami, for example, experiences hurricanes and flooding, so if you have a nice or newer vehicle, we recommend carrying comprehensive coverage even if your vehicle is paid off.

Bundling insurance policies in Miami

Auto insurance rates are rising in many areas, and finding ways to save money may appear to be a challenge, but there are methods to make things more affordable. One of the most straightforward and efficient ways to save is to bundle policies. By bundling your auto insurance with your home or renters insurance, you may be able to save about 10% per year.

If you have both homeowners or renters coverage and car insurance, inquire with your insurance provider about combining them to receive a multi-policy discount. By bundling, you could save 10% or more on your overall premiums. Find out more about bundling home and car insurance in Miami. When comparing insurance options, be sure to investigate bundling discounts if you're searching for a new insurance company.

bundling home and auto insurance in miami
Cheapest car insurance companies for bundling home and auto insurance in Miami, FL
Company Avg. 6 Mo. Premium
Travelers $1,304
GEICO $1,333
State Farm $1,375
Allstate $1,637
Mercury $1,658
MetLife $2,246
AIG $2,343

While some things may be out of your control, drivers can work to make their profiles more appealing to insurers. The best advice we offer is to shop around and compare auto insurance quotes with as many companies as possible to ensure you're getting the most affordable rate that doesn't compromise coverage and service — especially if any personal factors have changed (like moving, celebrating a birthday and improving your credit). Try as you might, some companies are just more expensive than others; don't be afraid to switch.

Miami residents will find that there are variables that they cannot control when it comes to auto insurance rates. However, as a driver, there are things you can do to help lower your premiums. One way to stay on top of your insurance rates is to get quotes every six months to a year. This is especially important if you've had a significant life event or personal change that may affect your premiums. Comparing quotes from various insurance companies is the best way to find an affordable policy that meets your needs.

Find the best rates for both auto and home insurance in minutes!

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Frequently asked questions

Miami residents can purchase a six-month auto insurance policy at an average cost of $1,969, resulting in a monthly rate of $328. This rate is higher than both the state and national averages.

In Miami, GEICO is the auto insurance carrier with the most affordable rates, averaging $1,443 for a six-month policy. Travelers is another great option with a comparable price.

Florida car insurance is, in general, more expensive than in other areas of the country. The average rate for a six-month policy in the state is $1,447, which is almost double the national average of $880. Miami's rates are even more expensive, so it can be a shock to newcomers in Miami shopping for auto insurance.

Find affordable rates in minutes!

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How much is car insurance near me? — explore more cities near Miami, FL

Recently answered questions about car insurance in Miami from real Zebra customers

Car insurance near me in Miami

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About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.

  • The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
  • The Zebra’s insurance editorial content is not subject to review or alteration by insurance companies or partners.
  • The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
  • The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.