Who Has Affordable Miami Auto Insurance for 17 Year Olds?

The words “bargain” and “insurance” probably shouldn’t be used in the same sentence, especially when you are trying to find the cheapest car insurance for 17 year olds. Because it’s not cheap, let’s lead off by showing you some things that have a considerable impact on insurance prices, and find out if you can slash the price of the next policy you buy.

Deciphering which company quotes the cheapest insurance rates for 17 year olds may require a bit more effort in order to find the most economical policy. Each auto insurer uses a different method for setting rates, so let’s take a look at the most affordable insurance companies in Florida.

We do need to point out that Florida insurance rates are impacted by many factors which can substantially change the price you have to pay for coverage. Turning one year older, moving to a new city, or having an accident can trigger rate changes that can cause some rates to be cheaper than others.

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Cheapest auto insurance in Florida ranked by cost per year
Rank Company Cost Per Year
1 USAA $948
2 Electric $1,694
3 Amica $1,694
4 Progressive $1,847
5 Travelers $1,926
6 Allied $1,945
7 Mercury $1,973
8 Esurance $2,040
9 State Farm $2,068
10 GEICO $2,086
11 Auto-Owners $2,171
12 21st Century $2,373
13 Allstate $2,411
14 Windhaven Insurance $2,653
15 MetLife $2,900
16 Safeco $2,927
17 Hanover $3,024
18 Liberty Mutual $3,131
19 United Automobile $3,457
20 Direct General $3,942
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USAA may have some of the lowest car insurance rates in Miami at around $948 annually. Electric, Amica, Progressive, and Travelers would also make the list of some of the most economical Miami, FL insurance companies.

As shown in the table above, if you are insured with Amica and switched to USAA, you could see savings of in the neighborhood of $746. Insureds with Progressive might save as much as $899 a year, and Travelers customers might lower prices by up to $978 a year.

Remember that these policy rates are averaged across all drivers and vehicles and do not take into consideration a specific zip code for 17 year olds. So the car insurance company that can offer you the best rate may not even be in the list above. That affirms the importance of why you need to get rate quotes from many companies using your own driver and vehicle profiles.

The type of vehicle needing coverage is probably the largest consideration that determines if you can find the cheapest auto insurance for 17 year olds. Vehicles with limited speed and performance, advanced safety features, or a low likelihood of having liability claims will cost less to insure than adrenaline junky models. The table below showcases insurance prices for a selection of the most cost-effective automobiles to buy coverage for.

Cheapest Vehicles to Insure in Miami, FL
Vehicle Make and Model Estimated Cost for Full Coverage
Ford Escape XLS 2WD $11,600
Honda CR-V EX-L 4WD $11,722
Honda Accord EX-L 4-Dr Sedan $12,479
Toyota Prius $12,601
Toyota Tacoma 4WD $13,006
Ford F-150 STX Super Cab 4WD $13,128
Ford Focus S 4-Dr Sedan $13,640
Chevrolet Malibu Hybrid $13,763
Chevrolet Equinox LT AWD $13,771
Toyota RAV4 4WD $13,763
Dodge Grand Caravan Crew $13,885
Ford Explorer Limited 4WD $13,893
Honda Civic EX 4-Dr Sedan $14,397
Chevrolet Impala LTZ $14,520
Ford Edge Sport AWD $14,525
Toyota Camry SE $14,520
Toyota Corolla LE $14,529
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Premium data assumes single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, and safe-driver. Price information does not factor in your specific Miami, FL location which can increase or decrease prices greatly.

Looking at the numbers, models like the Ford Escape, Honda CR-V, Honda Accord, Toyota Prius, and Toyota Tacoma are most likely going to be some of the more affordable vehicles to insure for teen drivers. The price for car insurance will trend higher just because there is more claim risk for 17 year olds, but in general those makes and models will most likely have the least expensive rates compared to all other vehicles.

One of the more important components that aid in calculating the amount you pay each year for auto insurance is your address. Cities with more crime and/or more people tend to pay more, whereas areas with less congestion have the luxury of lower rates.

The following table rates the most expensive cities in Florida for 17 year olds to buy an auto insurance policy in. Miami shows up at #2 with an annual premium of $3,241 for the average insured, which is approximately $270 per month.

How much does car insurance cost in Miami, FL?
Rank City Annual Premium
1 Hialeah $3,488
2 Miami $3,241
3 Miami Gardens $3,149
4 Miami Beach $2,923
5 Tampa $2,610
6 Hollywood $2,604
7 Miramar $2,603
8 West Palm Beach $2,599
9 Fort Lauderdale $2,550
10 Coral Springs $2,549
11 Davie $2,548
12 Pompano Beach $2,543
13 Pembroke Pines $2,481
14 Brandon $2,368
15 St. Petersburg $2,286
16 Clearwater $2,260
17 Spring Hill $2,102
18 Orlando $2,069
19 Jacksonville $2,040
20 Port St. Lucie $1,975
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Prices are approximated as the specific geographic location can impact insurance rates significantly.

Impact of citations and accidents on insurance rates

The easiest method to receive the most affordable insurance premiums for teen drivers is to drive attentively and avoid accidents and keep your driving record clean. The illustration below demonstrates how traffic citations and accidents influence insurance costs for different age groups. Data assumes a single female driver, full physical damage coverage, $250 deductibles, and no discounts are taken into consideration.

In the previous chart, the average cost of a car insurance policy per year with no violations or accidents is $2,077. Receive one speeding ticket and the average cost surges to $2,354, an increase of $277 each year. Then throw in two accidents along with the one speeding ticket and the 12-month cost of insurance for 17 year olds goes up to an average of $4,747. That’s an increase of $2,670, or $223 per month, just for not paying attention while driving!

Get discount Miami car insurance rates

Insurance for teen drivers in Miami, FLCar insurance companies that sell policies for 17 year olds may additionally offer special discounts that could lower prices by 30% or more if you are eligible to receive them. Popular insurance companies and the discounts they provide are:

The chart below illustrates the difference between auto insurance rates with and without discounts. The rate quotes are based on a male driver, a clean driving record, no claims, Florida state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with continuous coverage, anti-theft, good student, paperless filing, passive restraint, and paid-in-full discounts applied. When drivers take advantage of discounts, theamount saved on insurance for 17 year olds is 28% or $943.

The diagram below demonstrates how deductibles can increase or decrease insurance prices when getting quotes for cheap insurance for 17 year olds. The rates are based on a single male driver, comprehensive and collision coverage, and no discounts are applied.

In the chart above, a 50-year-old driver could lower their car insurance rates by $462 a year by switching from a $100 deductible to a $500 deductible, or save $696 by choosing a $1,000 deductible. Even younger drivers, such as the Age 20 example, have the ability to save as much as $1,550 every year by selecting a higher deductible. When using a larger deductible, it is a good idea to have additional savings on hand to allow you to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.

How to find cheaper insurance for 17 year olds

Lowering your rates is not difficult, and here are some thrifty suggestions that can help Florida drivers quote cheap coverage.

The final tip is notably crucial, as we noted in this piece. Prices can change considerably in a year, so don’t be hesitant to change insurance companies if a better deal can be had. Brand loyalty is great, but is isn’t recommended if it’s costing you money that could be going to better use. It only take a few minutes to shop around to find cheaper insurance for 17 year olds in Miami.