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This vibrant city's car insurance rates are among the highest in the country, and the Miami area tops the list of most expensive locations for Florida car insurance. Florida requires all drivers to buy $10,000 in personal injury protection so that anyone in a car accident is guaranteed treatment. In some parts of the state, that costs as little as $100 a year for a good driver. Around Miami, it can cost 20 times as much.
No two insurance companies will price their coverage the same, and when confronting Miami's eye-popping rates, comparison shopping becomes all the more important. The savings could be hundreds or even thousands of dollars.
To see how Miami car insurance rates compare, use our average rates tool below. Enter a ZIP code and it will show the average rate, as well as the highest and lowest, for your location.
CarInsurance.com commissioned Quadrant Information Services to provide a report of average auto insurance rates for a 2016 Honda Accord for nearly every ZIP code in the United States. We calculated rates using data for up to six large carriers (Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm).
Averages for the default result are based on insurance for a married 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/100 ($100,000 for injury liability for one person, $300,000 for all injuries and $100,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage. The rate includes uninsured motorist coverage.
Averages for customized rates are based on drivers ages 20, 30, 40, 50, 60 and 70 for the following coverage levels: state minimum liability, liability of 50/100/50 and 100/300/100 with $500 deductible on comprehensive and collision. These hypothetical drivers have clean records and good credit. Average rates are for comparative purposes.
Your own rate will depend on your personal factors and vehicle.
State Minimum:
Required liability coverage to drive legally in your state; some states mandate additional coverage, such as personal injury protection, uninsured motorist, underinsured motorist.
Liability Only 50/100/50:
$50,000 per person/$100,000 maximum per accident for bodily injury; $50,000 for property damage. Liability pays for injuries/damage you cause others.
Full Coverage 100/300/100:
$100,000 per person/$300,000 maximum per accident for bodily injury; $100,000 for property damage; comprehensive and collision coverage with $500 deductible. Liability pays for injuries/damage you cause others. Comprehensive and collision pay for damage to your car.
33135- CORAL GABLES: $3,31033125- MIAMI: $3,27533136- MIAMI: $3,27533147- BROWNSVILLE: $3,27532693- FANNING SPRINGS: $1,44332459- MIRAMAR BEACH: $1,44732439- FREEPORT: $1,45032435- DE FUNIAK SPRINGS: $1,450CarInsurance.com analyzed car insurance rates from six car insurance companies for the same driver and car in nearly every ZIP code in Florida. The average rate of $3,275 in Miami ZIP codes 33125, 33128, 33130 and 33136 are among the highest in the state.
You’ll see in the chart below the top 12 most expensive ZIP codes in the Miami metro area, on average, as well as how much the price can vary for the same policy.
| ZIP code | Average rate | Highest rate | Lowest rate |
|---|---|---|---|
| 33125 | $3,275 | $5,710 | $1,324 |
| 33128 | $3,275 | $5,710 | $1,324 |
| 33130 | $3,275 | $5,710 | $1,324 |
| 33136 | $3,275 | $5,710 | $1,324 |
| 33122 | $3,258 | $5,710 | $1,324 |
| 33127 | $3,203 | $5,710 | $1,324 |
| 33126 | $3,044 | $4,512 | $1,324 |
| 33174 | $2,964 | $4,512 | $1,324 |
| 33199 | $2,964 | $4,512 | $1,324 |
| 33184 | $2,953 | $4,512 | $1,324 |
| 33132 | $2,926 | $5,710 | $1,324 |
*Methodology for rates by ZIP code:
CarInsurance.com commissioned Quadrant Information Services to run auto insurance rates for a 2016 Honda Accord for more than 30,000 ZIP codes in the United States using six large carriers -- Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm. (In cases where an insurer’s rate wasn’t available, another major carrier's rate was substituted.) Averages are based on insurance for a single 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/$100,000 ($100,000 for injury liability for one person, $300,000 for all injuries and $100,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage. This hypothetical driver has a clean record and good credit. The rate includes uninsured motorist coverage. Average rates are for comparative purposes. Your own rate will depend on your personal factors and vehicle.
Here's how Miami’s highest average rate ($3,275) compares to others:
Miami car insurance requirements | |
|---|---|
| Florida state law requires the following minimum car insurance coverage: | |
| Minimum bodily injury liability | $10,000 |
| Minimum property damage liability | $10,000 |
| *Bodily injury liability not required by state; many carriers require $10,000/$20,000 | |
If you want just enough coverage to be legal on the road, buy the lowest amount of liability insurance your insurer offers. That’s the cheapest policy you can buy. Florida car insurance laws mandate that you must have a car insurance policy covering $10,000 in property damage liability and $10,000 in personal injury protection (PIP):
Florida car insurance laws don’t stipulate that you carry bodily injury liability insurance, which pays for injuries others get from an accident you cause. However, many car insurance companies do require it to be part of any policy they sell in the state. That’s because Florida is a no-fault state. Treatment for any injuries you suffer is covered by your personal injury protection, up to its limit. This is regardless of who caused the accident. If bills exceed that limit, the at-fault driver is legally personally responsible unless he or she has bought bodily injury liability coverage.
If you buy bodily injury liability coverage, the smallest amount you can buy is $10,000 per person (up to $20,000 per accident).
Best car insurance in Miami
Even a minor accident can put your savings and home in jeopardy if you have just the state required minimum of insurance. To protect your assets, you should buy liability insurance in the following amounts:
You should also consider buying these optional coverages:
Comprehensive insurance and collision coverage are advised unless you have a very old car that’s of little value. That’s because these coverages pay out only up to the actual cash value of your car. In Florida, comprehensive costs $107 and collision costs $242, on average per year, for drivers, according to the Insurance Information Institute. Unlike liability insurance, these optional coverages come with a deductible. That’s the amount you pay before your insurance company pays. Typical deductibles amounts are $1,000, $500 and $250 – you choose which one you want. The higher the deductible is, the lower your rate will be.
The state average rate for a year of minimum coverage (with bodily injury amounts most insurers require) is $884, according to our rate analysis. If you increased your coverage to 50/100/50, you would pay less than $50 more a year, on average. You'd pay $939 more, or $78 a month, if you hiked your limits from the state minimum to full coverage (100/300/100).
You'll see in the chart below how auto insurance companies in Miami rank on price for three different coverage sets. The driver profile is a married man, age 40 with good credit, driving a 2016 Honda Accord. Rates are an average of those for nearly all ZIP codes in the city.
| Company | State minimum |
|---|---|
| Geico | $504 |
| Progressive | $643 |
| State Farm | $969 |
| Allstate | $2,081 |
| Company | 50/100/50 |
| Geico | $667 |
| Progressive | $734 |
| State Farm | $1,136 |
| Allstate | $2,068 |
| Company | 100/300/100 |
| Geico | $1,324 |
| Progressive | $1,744 |
| State Farm | $1,923 |
| Allstate | $3,727 |
CarInsurance.com’s rate analysis shows that drivers in Miami can expect to pay, on average, up to about $996 more a year for car insurance after minor violations such as speeding. More serious infractions, such as Reckless driving can hike rates as much as $2,660 . Minor traffic violations typically stay on your record for about three years, and you can expect to see the rate increase upon your policy renewal date.
| Violation | Average rate | Rate after violation | Dollar increase | Percentage increase |
|---|---|---|---|---|
| Reckless driving | $3,796 | 6,456 | $2,660 | 70% |
| DUI/DWI first offense | $3,796 | 6,311 | $2,515 | 66% |
| Operating a vehicle in a race (highway racing) | $3,796 | 6,059 | $2,262 | 60% |
| Speeding 30+ over limit | $3,796 | 5,538 | $1,742 | 46% |
| 2 speeding tickets 11 mph or over | $3,796 | 5,467 | $1,671 | 44% |
| Careless driving | $3,796 | 5,095 | $1,299 | 34% |
| Speeding ticket 16-29 MPH over limit | $3,796 | 4,977 | $1,181 | 31% |
| Failure to stop | $3,796 | 4,811 | $1,015 | 27% |
| Failure to yield | $3,796 | 4,811 | $1,015 | 27% |
| Improper turn | $3,796 | 4,811 | $1,015 | 27% |
| Improper/illegal pass | $3,796 | 4,811 | $1,015 | 27% |
| Speeding ticket 1-5 MPH over limit | $3,796 | 4,792 | $996 | 26% |
| Speeding ticket 6-10 MPH over limit | $3,796 | 4,792 | $996 | 26% |
| Speeding ticket 11-15 MPH over limit | $3,796 | 4,792 | $996 | 26% |
| Following too closely | $3,796 | 4,769 | $973 | 26% |
| Lapse of coverage for 60 days | $3,796 | 4,188 | $392 | 10% |
| Driving without a license or permit | $3,796 | 4,062 | $266 | 7% |
| Driving without insurance | $3,796 | 4,062 | $266 | 7% |
| Lapse of coverage for 7 days | $3,796 | 3,983 | $187 | 5% |
| Lapse of coverage for 15 days | $3,796 | 3,983 | $187 | 5% |
| Lapse of coverage for 30 days | $3,796 | 3,983 | $187 | 5% |
| Seatbelt infraction | $3,796 | 3,839 | $42 | 1% |
*Methodology: CarInsurance.com commissioned Quadrant Information Services in 2019 to field rates from up to six major insurers for 10 ZIP codes in the city for the following driver profile: male, age 40, good credit, clean driver record, driving 2017 Honda accord. We compared the clean record driver rate to the rate for various tickets and accident claims to get the average percentage and dollar increase, for the coverage level of 100/300/50; with comprehensive and collision and $500 deductible. These are estimates; your actual rate will depend on your personal rating factors.
When you file a claim for an accident that's your fault, typically your car insurance rates will increase. The table below shows how much for drivers in Miami can expect to pay for common car insurance claims.
| Claim | Average rate | Rate after claim | Dollar increase | Percentage increase |
|---|---|---|---|---|
| 2 At-fault property damage accident over $2k | $3,796 | $7,751 | $3,955 | 104% |
| Hit and run - injury | $3,796 | $6,456 | $2,660 | 70% |
| Hit and run property damage | $3,796 | $6,456 | $2,660 | 70% |
| At-fault bodily injury accident | $3,796 | $5,641 | $1,845 | 49% |
| 1 At-fault property damage accident over $2K | $3,796 | $5,367 | $1,571 | 41% |
| 1 At-fault property damage accident under $2K | $3,796 | $5,367 | $1,571 | 41% |
| 2 comprehensive claims for over $2k | $3,796 | $3,936 | $140 | 4% |
| 1 comprehensive claim for over $2k | $3,796 | $3,883 | $87 | 2% |
| 1 comprehensive claim for under $2k | $3,796 | $3,883 | $87 | 2% |
Teen drivers are inexperienced, and are involved in more accidents than older drivers, so they cost more to insure. In Miami, adding a 16-year-old daughter to your policy will hike your rates by $3,360 annually, or 89 percent.It's more for boys. Insuring your 16-year-old son will increase your yearly rate by $4,472, or 118 percent, according to CarInsurance.com rate data. If you're insuring a teen driver of any age, you can get expert tips, more rate data by age and details from our "Parents guide to insuring a teen driver."
Having a low credit score and poor credit history significantly increases how much you pay for car insurance, unless you live in Hawaii, California or Massachusetts where the practice is banned. Florida ranks fifteenth among the worst states for drivers with bad credit. Miami drivers with bad credit can expect rates to go up by $2,676, or 70 percent, on average, yearly. Even with bad credit, you can still save money on car insurance, as some insurance companies will increase rates higher than others for those with less than perfect credit. That's why it's always prudent to compare car insurance quotes at least once a year.
If you're convicted of a serious offense, such as DUI or reckless driving, you may be required to have your insurance company file an SR-22 form on your behalf. An SR-22 is a car insurance company’s guarantee to the state that you are carrying the legally mandated coverage. If you are required to have an SR-22 filed, your car insurance rates will increase. CarInsurance.com data show that for drivers in Miami, your rate will go up by an average of $2,736, or 72 percent.
Traffic in Miami: The city and nearby areas came in 11th (tied with Philadelphia) for the worst traffic in the country in a recent report by USA Today, which noted that commuters spend about 39 hours a year stuck in traffic.
Car crashes: Major accidents have resulted in an average of nearly 50 deaths a year in recent years (2012-2014).
Commuting: The average commute in Miami lasts 29.2 minutes.
Public transportation: The U.S. Census Bureau says that the majority of riders in Miami who commute to work by public transportation are white (about 6 percent), Hispanic (about 71 percent) and black (about 26 percent). The bureau notes that commuting is the main reason people turn to mass transit.
High Occupancy Vehicle rules: The HOV lane, also known as the carpool or diamond lane, is designed to reduce traffic congestion and promote ride-sharing on freeways. In the Miami area, only vehicles with at least two people, mass transit vehicles like buses, and motorcycles are allowed to use the lanes. Lanes may be restricted during specified hours.
Bad intersection: State Farm, in an analysis of its accident claims, says the Flamingo Road and Pines Boulevard intersection is crash-prone because as many as 200,000 cars pass through the area each day.
The information was gathered from various sources, including the U.S. Census Bureau, the National Highway Traffic Safety Administration, Texas A&M Transportation Institute, the Insurance Institute for Highway Safety, state transportation departments and city police departments.
