Best cheap car insurance in Miami for 2025

The best car insurance companies in Miami

In this economy, Miami drivers are watching their bottom line and looking for the best auto insurance deals. Affordable rates matter when looking for cheap auto insurance in Miami, but so do many other factors, such as customer service, available coverage options, ease of doing business and more. Bankrate’s insurance editorial team, which includes licensed insurance agents, is here to help drivers find the best car insurance in Miami to meet their needs.

The cheapest car insurance companies in Miami

When searching for the cheapest car insurance in Florida, it is crucial to keep in mind some of the reasons why car insurance in Miami is higher than most locations. Miami is a popular tourist destination and the second biggest city in Florida. Areas with high population density are more prone to car crashes and vehicle thefts, and in Miami, extreme weather adds another layer of risk. To help make finding more affordable car insurance easier, here are the carriers with the cheapest average rates for minimal coverage in Miami.

How much is car insurance in Miami, FL?

The average cost of car insurance in Miami is $5,275 per year for full coverage, which is 27 percent more than the state average of $4,151 for the same level of coverage. For Miami drivers who opt for minimal coverage, they pay $1,473 per year, which is 32 percent more than the state average of $1,118. Car insurance rates can vary significantly based on several factors like age, coverage level and driving history. You may pay more or less than the city average and comparing rates among carriers can help you find out which carriers work best for your driving profile.

Miami rates for teens

Teen drivers can pay some of the highest rates in car insurance due to their lack of driving experience and maturity. Teen driving stats reveal that teen drivers are more likely to speed and don’t routinely wear a seat belt, which causes a higher rate of accidents and fatalities. By taking advantage of good student discounts and staying on their parents' policy as long as they live in the same household, teen drivers can drastically lower their auto rates and find relatively cheap auto insurance in Miami.

Miami rates for young drivers

After a few years of clean driving, auto rates for young drivers start to decline. Around the age of 20 is usually when young drivers move away from home and are required to start their own insurance policy. Without the benefit of their parents' driving experience to help offset rates, car insurance for young drivers can still be pricey. By taking advantage of discounts geared toward drivers under the age of 25, young Miami policyholders may secure a more affordable rate.

Miami rates for adults

Once drivers are 25, they are no longer considered youthful operators and are moved into rating pools that reflect the driving histories they earned. Most drivers are classified as standard, but some can fall into preferred or high-risk driving depending on various factors.

Miami rates for senior drivers

Age usually becomes a more significant rating factor for drivers again around the age of 60 for basically two reasons — potentially fading motor skills and longer recovery times. As we age, changes in eyesight and reaction time can lead to more accidents. Also, older drivers are at a higher risk of medical complications from a car accident and have a longer recovery time than younger drivers. These risks impact the cost of most policy coverage types. However, since  Florida has historically been a popular retirement destination, older drivers have discount options like the senior defensive driving class to help combat rising auto insurance rates.

The cheapest car insurance in Miami by driving record

Drivers with clean records typically enjoy the cheapest car insurance rates. Infractions on your driving history can affect your car insurance price. For instance, drivers with accidents or traffic tickets might pay more for the same coverage. Bankrate’s editorial team used Quadrant Information Services data to highlight how different histories can impact how much you’ll pay.

Car insurance with a speeding ticket in Miami

Speeding tickets in Florida can cost drivers up to $250 in fines alone and oftentimes there are additional fees on top of that. Speeding is one of the biggest causes of car accidents. Even if you weren’t involved in an accident, your insurance will likely increase due to the risk associated with speeding. Drivers in Miami pay an average of $6,080 per year for full coverage car insurance after receiving a speeding ticket — 26 percent more than the state’s average rate post speeding ticket.

Car insurance after an accident in Miami

Along with speeding, behaviors like drowsy driving and distracted driving increase the risk of a collision. Miami drivers involved in an at-fault accident can see a steep increase in car insurance rates. After an accident occurs, insurers can surcharge your policy for up to three years in Florida to account for the added risk of a future accident. Miami drivers pay an average of $7,150 per year for full coverage car insurance after a car accident. When compared to the post-accident state average of $5,613, Miami drivers pay 26 percent more.

Car insurance after a DUI in Miami

Drivers convicted of a DUI are considered high-risk drivers. Florida has very strict DUI laws and drivers may have to pay fines up to $2,000 and possibly serve a prison sentence. In Miami, the average cost of full coverage car insurance following a DUI conviction is $7,754 per year,  which is 26 percent more than the state average.

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze April 2025 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a single, 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

• $100,000 bodily injury liability per person
• $300,000 bodily injury liability per accident
• $50,000 property damage liability per accident
• $100,000 uninsured motorist bodily injury per person
• $300,000 uninsured motorist bodily injury per accident
• $500 collision deductible
• $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2023 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket and single DUI conviction.

Age: Rates were calculated by evaluating our base profile with the ages 20-70 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations.

Teens: Rates were determined by adding a 16- or 18-year-old teen to their 40-year-old married parents' policy. The rates displayed reflect the total cost of a driver this age added to their parents’ policy.

Bankrate Score

Our 2025 Bankrate Score for auto insurance considers key variables that our insurance editorial team determined impact policyholders’ experiences with an insurance company. These factors include a robust assessment of each company’s cost of coverage, product availability, financial strength ratings, online capabilities and customer and claims support accessibility. We grouped these factors into three essential categories — cost and ratings, coverage and savings, and support — which we then weighted in a tiered approach. 

Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlighting where they fall short.

• Tier 1 (Cost & ratings): To determine how well auto insurance companies satisfy these priorities, our team analyzed quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech and the National Association of Insurance Commissioners (NAIC). 
• Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated the discount options listed on each company’s website.
• Tier 3 (Support): To encompass the many ways an auto insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored in a company’s corporate sustainability efforts.