How Much Does Auto Insurance Cost in Miami?
Premiums in Miami are $773 higher than the state average, which is why the city is recognized for its pricey premiums, so in Miami, it is vital to save while insuring a vehicle. We've analyzed how auto insurance rates in Miami compare to premiums nationwide.
AUTO INSURANCE RATES: MIAMI VS. STATE/NATIONAL AVERAGES
|City Average||State Average||National Average|
Miami Car Insurance by Driver Age
Drivers in their 50s save money on insurance payments, as they have the smallest rates among all age groups, paying only $2,407 every year. However, those in their 60s ($2,438) aren’t paying much more. In Miami, when drivers hit their 20s, therefore moving out of the teenage age bracket, they reduce their premiums by 54%, the largest difference between any age group. Car insurance premiums in Miami continue to trend downward up until drivers hit 60. Car insurance premiums are highest for teenage drivers, with payments that average $7,502 per year.
MIAMI CAR INSURANCE RATES BY DRIVER AGE
Miami Car Insurance by Credit Rating
The disparity between average car insurance premiums in Miami for individuals with Exceptional credit (800-850) and Very Poor credit (300-579) is $2,812 a year. In terms of percent change, the largest benefit of better credit comes from improving from Fair (580-669) to Good (670-739), by which drivers can save around 19% per year.
MIAMI CAR INSURANCE COSTS BY CREDIT TIER
|Credit Level||Average Rate|
Miami Car Insurance by Marital Status and Gender
Pricing for car insurance premiums in Miami is determined by several inputs, including marital status and gender. Being married can save you close to 4% per year compared to being single. Rates for those who are widowed are slightly cheaper than rates for those who are single. Unfortunately for women, their premiums are generally 3% more costly than for men.
MIAMI CAR INSURANCE RATES BY GENDER AND MARITAL STATUS
|Marital Status/Gender||Average Rate|
Miami Auto Insurance by Violation or Accident History
Accidents and violations can cost you in terms of premiums. Speeding 16-20mph above the speed limit can drive up your insurance premiums. Individuals with a speeding ticket on their record spend, on average, $745 more per year. In Miami, drivers with a DUI need to spend 51% more than the city average to insure their vehicle. Reckless driving will also drive your premiums up, with typical rates of $3,976, which are 50% higher than the city average.
AVERAGE MIAMI INSURANCE RATES AFTER A VIOLATION OR ACCIDENT
|Incident or Violation||Average Rate|
|At-fault Accident (damages less than $1,000)||$3,688|
|At-fault Accident (damages greater than $2,000)||$3,688|
|Speeding Ticket (16-20 mph over speed limit)||$3,396|
What drives up car insurance rates in Miami?
Where you live in Miami affects your car insurance rates. Besides your driving history and credit score, where you live is one of the biggest contributing factors to the car insurance rates you'll pay. The reason? Crime, theft and uninsured motorists vary by zip code. So if you find yourself in a neighborhood that doesn’t play well with others, car insurance companies may consider you a high risk to insure, meaning: your rates could be higher than those of a pal who lives just around the block. And, unfortunately Miami is no exception to the rule. From zip code 33140 to 33125, premiums rise by 45 percent—that’s $1214.
Expensive Miami Zip Codes: 33136, 33130, 33128, 33135, 33125
Cheap Miami Zip Codes: 33140, 33141, 33154, 33197, 33160
Miami Driving Conditions
Inclement weather goes hand in hand with wet brakes, slick roads & decreased visibility.
And that's not the worst of it. Each year there are more than 700,000 weather-related car accidents. In Miami, you can expect 135 rainy days with an annual rainfall of 61.9 inches. Miami is also known to experience thunderstorms and occasional hurricanes. You can check on the condition of the roads anytime here.
Rainy Days a Year
Avg. Annual Rainfall
Avg. Annual Snowfall
Find Local Miami Agents
Arthur J Gallagher Risk Management Services, Inc.
8333 NW 53rd St Ste 600 Miami, FL 33168
Insurance Marketing Center Inc
2500 NW 79 Ave Ste 208 Miami, FL 33122
NCF Insurance Associates, Inc.
8700 W Flagler St Ste 320 Miami, FL 33174
Kahn Carlin Insurance
3350 S. Dixie Highway Miami, FL 33133
BenTrust Insurance Group
701 Waterford Way #300 Miami, FL 33126
Morris & Reynolds Insurance
14821 South Dixie Highway Miami, FL 33176
Butler, Buckley, Deets, Inc.
6161 Blue Lagoon Dr #420 Miami, FL 33126
Insurance Office of America, Inc.
1150 NW 72 Ave Ste 530 Miami, FL 33126
iSure Insurance Brokers
8700 West Flagler Street Miami, FL 33174
Koski & Co, Inc
9875 Sunset Dr Miami, FL 33173
Dopazo & Associates Inc
8725 NW 18 Terrace Ste 300 Miami, FL 33172
ABACOA Insurance Group, Inc.
8000 NW 7th St Ste 202 Miami, FL 33126
Prime Insurance Alliance, Inc.
5835 Blue Lagoon Dr, Ste 304 Miami, FL 33126
PROFESSIONAL INSURANCE AGENCY GROUP INC
8660 W Flagler St, Ste 101A Miami, FL 33144
The Madison Insurance & Financial Group
15190 SW 136th St Miami, FL 33196
The average Miamian's annual cost of coverage
Our customer's average savings after comparing insurance
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Miami Car Insurance
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