What's the Cost of Car Insurance in Miami?


It is crucial to save while insuring a vehicle in Miami because premiums in Miami are recognized for being pricey. They are generally $937 higher than the state average. We've analyzed how car insurance rates in Miami compare to costs nationwide.


CAR INSURANCE PRICES: MIAMI VS. NATIONAL/STATE MEAN
City AverageState AverageNational Average
$2,913$1,977$1,569


Miami Car Insurance Costs by Driver Age

With car insurance payments of $8,305 on average, teenage drivers have the highest rates of any age group. Drivers in their 50s save money on car insurance payments, as they have the smallest rates among all age groups, paying only $2,637 annually. Those in their 60s ($2,679) have premiums that aren't much higher. In Miami, drivers see the biggest decline in premiums when they reach their 20s, as they pay an average of 54% less after moving out of the teenage age bracket. In Miami, turning 60 means a rise in car insurance premiums. Up until then, moving from one age group to the next means decreasing prices.


MIAMI AUTO INSURANCE RATES BY DRIVER AGE
AgeAverage Rate
Teenagers$8,305
20s$3,839
30s$2,895
40s$2,830
50s$2,637
60s$2,679
70s$2,833


Miami Car Insurance by Credit Score


Improving your credit tier from Very Poor credit (300-579) to Exceptional credit (800-850) can save you an average of 59% every year on premiums. Drivers can save nearly $2,406 per year when they raise their credit tier from Very Poor (300-579) to Fair (580-669).


MIAMI CAR INSURANCE COSTS BY CREDIT TIER
Credit ScoreAverage Rate
Very Poor$5,953
Fair$3,547
Good$2,913
Very Good$2,658
Exceptional$2,448


Miami Car Insurance With Accidents or Violations


By avoiding driving mishaps that can make the expense of premiums spike, you can not only save yourself money, but become a safer driver. Reckless driving will increase your car insurance premiums more than other driving violations. $1,445 is the extra cost per year for drivers with a DUI in Miami, compared to the city average of $2,913. Reckless driving will also drive your premiums up, with typical rates of $4,417. That is 52% higher than the city average! The value of the damage caused by an accident plays a role in how drastically insurance rates will increase. When comparing rates for drivers with at-fault accidents in Miami, those with damages exceeding $2,000 pay $41 more than those with damages less than $1,000.


AVERAGE MIAMI INSURANCE RATES AFTER A VIOLATION OR ACCIDENT
Violation/IncidentAverage Rate
DUI$4,358
Reckless Driving$4,417
At-fault Accident (damages less than $1,000)$4,029
At-fault Accident (damages greater than $2,000)$4,070
Speeding Ticket (16-20 mph over speed limit)$3,761


Miami Car Insurance by Marital Status and Gender


In Miami, both marital status and gender have an effect on your car insurance premiums. Premiums for men are usually 3% cheaper than for women. Being married, as opposed to single or divorced, can save you 4% per year. Rates for those who are widowed are slightly cheaper than rates for those who are single.


MIAMI CAR INSURANCE PREMIUMS BY MARITAL STATUS AND GENDER
Marital Status/GenderAverage Rate
Female$2,990
Male$2,913
Single$2,946
Married$2,818
Divorced$2,946
Widowed$2,891


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.

135

Rainy Days a Year

62"

Avg. Annual Rainfall

0"

Avg. Annual Snowfall

Be Prepared For

Driving in MIA

2
Major Highways
I-95 SR 826 SR 878
2
Public Transit
Metrorail Metrobus
2
Toll Roads
SR 112 SR 836 SR 821
2
Popular Day Trips
Everglades National Park Florida Keys Biscayne National Park

Find Local Miami Agents

Butler, Buckley, Deets, Inc.

6161 Blue Lagoon Dr #420 Miami, FL 33126

ABACOA Insurance Group, Inc.

8000 NW 7th St Ste 202 Miami, FL 33126

Insurance Office of America, Inc.

1150 NW 72 Ave Ste 530 Miami, FL 33126

Kahn Carlin Insurance

3350 S. Dixie Highway Miami, FL 33133

iSure Insurance Brokers

8700 West Flagler Street Miami, FL 33174

Dopazo & Associates Inc

8725 NW 18 Terrace Ste 300 Miami, FL 33172

Insurance Marketing Center Inc

2500 NW 79 Ave Ste 208 Miami, FL 33122

Koski & Co, Inc

9875 Sunset Dr Miami, FL 33173

The Madison Insurance & Financial Group

15190 SW 136th St Miami, FL 33196

BenTrust Insurance Group

701 Waterford Way #300 Miami, FL 33126

PROFESSIONAL INSURANCE AGENCY GROUP INC

8660 W Flagler St, Ste 101A Miami, FL 33144

Morris & Reynolds Insurance

14821 South Dixie Highway Miami, FL 33176

Prime Insurance Alliance, Inc.

5835 Blue Lagoon Dr, Ste 304 Miami, FL 33126

NCF Insurance Associates, Inc.

8700 W Flagler St Ste 320 Miami, FL 33174

Arthur J Gallagher Risk Management Services, Inc.

8333 NW 53rd St Ste 600 Miami, FL 33168

Not sure about Miami

Check out these other Florida cities...

Jacksonville

Tampa

Orlando

St. Petersburg

Hialeah

2

$3,232

The average Miamian's annual cost of coverage

2

40%

Our customer's average savings after comparing insurance

Revised

185

That's equal to 185 cuban sandwiches or $1,293 in savings

See How Much You Can Save in Miami

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Recent Questions:

Miami Car Insurance

What is your best advice to buy auto insurance for my 18-year-old who is buying a used car which will be paid off?

The bad news is that car insurance for an 18-year-old on their own separate policy is incredibly expensive — over $3,400 more than the national average. The good news? Typically, we see that combining insurance by adding your kid to your policy is the best route.

Do I need to put everyone in my household on my policy?

It's usually recommended to add everyone who lives in the household on the same policy if it's likely they will be driving the insured car, and insurance companies generally require everyone in the household of driving age to be listed on the policy. But if the others in the household already have their own insurance and vehicles, this would be unnecessary.

Can I get insurance in my name for my girlfriend and her car?

You can get insurance in your name but your girlfriend will need to be listed on the policy since the car is in her name and she will be driving the vehicle. If you have any further questions, don't hesitate to ask.

What happens if I stop paying for my SR22?

If you stop paying for the SR-22, the insurance is required to notify the state that the policy is canceled. Typically, the state will suspend your license and you may have additional fines as well.