Who Has Affordable Auto Insurance Quotes for Single Moms in Miami?

The words “affordable” and “insurance” really shouldn’t be used together, specifically when looking for the cheapest car insurance for single moms. Because of the high cost, let’s start off by going over some things that have an effect on car insurance premiums, and come up with some ideas to take the sting out of the next policy you buy.

For single parents, one of the more important criteria that are looked at to help calculate the cost of insurance is where your car is garaged in Miami. Areas with more people or even just a higher incidence of claims will most likely have higher rates, whereas more rural areas have the enjoyment of a little cheaper coverage.

The information below ranks the priciest cities in Florida for single moms in which to purchase auto insurance. Miami is listed at #3 with an annual rate of $3,273 for the average insured, which is about $273 monthly.

How much does auto insurance cost in Miami?
Rank City Average Per Year
1 Hialeah $3,488
2 Miami Gardens $3,277
3 Miami $3,273
4 Miami Beach $2,923
5 Miramar $2,603
6 West Palm Beach $2,599
7 Fort Lauderdale $2,576
8 Tampa $2,558
9 Pompano Beach $2,543
10 Hollywood $2,526
11 Coral Springs $2,499
12 Pembroke Pines $2,481
13 Davie $2,473
14 Brandon $2,392
15 Clearwater $2,238
16 St. Petersburg $2,196
17 Spring Hill $2,102
18 Orlando $2,090
19 Jacksonville $2,040
20 Port St. Lucie $1,975
21 Lakeland $1,901
22 Cape Coral $1,841
23 Tallahassee $1,748
24 Palm Bay $1,733
25 Gainesville $1,680
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Rates are approximated as the specific geographic location can raise or lower premiums noticeably.

The car, truck, or SUV that is being insured is one of the largest considerations that determines if you can find the best insurance for single moms. Vehicles with more horsepower, a lack of advanced safety features, or an increased likelihood of liability claims will cost significantly more to insure than more economical and safe models. The information below ranks coverage premiums for some of the cheapest vehicles to buy coverage for.

Cheapest Vehicles to Insure in Miami, FL
Insured Vehicle Estimated Cost for Full Coverage
Honda CR-V EX 2WD $2,835
Toyota Tacoma Double Cab TRD Sport Package 4WD $3,416
Honda Civic VP 4-Dr Sedan $3,462
Honda Accord EX-L 4-Dr Sedan $3,523
Toyota Camry XLE $3,527
Toyota Corolla LE $3,534
Jeep Grand Cherokee SRT-8 4WD $3,592
Toyota Prius $3,596
Chevrolet Silverado LT Extended Cab 2WD $3,606
Ford Explorer XLT 2WD $3,642
Chevrolet Silverado 3500HD LT Crew Cab 2WD $3,657
Ford Edge Limited 2WD $3,772
Ford Focus SE 4-Dr Sedan $3,782
Chevrolet Impala LS $3,772
Ford Escape Limited 4WD $3,779
Kia Optima SX $3,837
Toyota RAV4 Limited 4WD $3,844
Dodge Grand Caravan Crew $3,917
Jeep Wrangler Unlimited Sport 4WD 4-Dr $3,978
Hyundai Elantra GLS 4-Dr Sedan $4,043
Chevrolet Silverado 2500HD LTZ Crew Cab 2WD $4,077
Ford Fusion SE 4-Dr Sedan $4,116
Chevrolet Equinox LS 2WD $4,124
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Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Price estimates do not factor in specific zip code location which can change rates noticeably.

Based on these rates, you can figure that models like the Honda CR-V, Toyota Tacoma, Honda Civic, Honda Accord, and Toyota Camry are most likely to be the cheapest vehicles to insure for single parents.

What is the best insurance company in Miami?

Choosing the highest-rated insurer can be challenging considering how many different companies there are to choose from in Miami. The information below can help you decide which providers to look at comparing price quotes from. These rankings are only made up of companies that insure vehicles across America, so companies that only write business in Florida or surrounding areas are not taken into consideration for the list.

Miami, FL Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
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Data Source: Insure.com Best Car Insurance Companies

Liability-only versus full coverage

Saving on insurance is probably important to most drivers, and one great way to lower the cost of insurance for single moms is to only buy liability coverage. The diagram below visualizes the comparison of car insurance rates with full coverage and liability only. The rate quotes are based on no violations or accidents, $250 deductibles, drivers are single, and no discounts are applied to the premium.

Averaged out for all age groups, full coverage costs an additional $2,186 per year more than just buying liability insurance. That is a large expense which might make you wonder if paying for full coverage is worth it. There is no written rule to exclude full coverage on your policy, but there is a general guideline. If the annual cost of coverage is 10% or more of replacement cost minus your deductible, then it might be time to consider dropping full coverage.

For example, let’s pretend your vehicle’s claim settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $7,000 after paying your deductible. If premiums are more than $700 annually for comprehensive and collision coverage, then it could be time to drop full coverage.

There are a few situations where removing full coverage is not a good plan. If you haven’t satisfied your loan, you have to maintain full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not drop full coverage.

A good deal can quickly turn bad

Miami insurance rates are based on many factors that may substantially change the price you pay. Improving your credit score, having a claim, or getting a DUI can trigger changes in premium that can make some companies more affordable than others. Not only may your situation change, but insurance companies file new Florida auto insurance rates without warning in order to remain profitable. Higher than normal claims may result in price increases, while lower claims can cause cheaper Miami car insurance rates.

To illustrate this example, the graph below shows which company has the cheapest car insurance in Miami, FL for a 30-year-old male driver with no accidents, a clean driving record, and a high credit rating. If we look at prices based on his personal profile, USAA may offer the most affordable car insurance rates in Miami at $1,885 a year. This is $563 less than the average rate paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Travelers are also included in the most affordable Miami, FL auto insurance companies.

The example below compares rates after we give the driver from the first example an accident claim, bad credit, and a blemish on his driving record. Since each company has a unique approach to set policy rates, comparing insurance quotes may now result in a significantly different list of companies as shown below.

USAA now has the best auto insurance rate in Miami with Allied, Esurance, State Farm, and Auto-Owners completing the list. This example shows why it is critical to compare rates when trying to get the most economical auto insurance quotes for single moms.

Insurance rates can be determined by many things and can decrease or increase without notice, so the cheapest company a year ago may now be quite expensive.

Tips for buying budget-friendly insurance for single moms

The list below details some of the better penny-pinching suggestions that can help Miami drivers quote lower-cost coverage.

That last piece of advice is notably critical, as we emphasized in the article above. Car insurance rates can change significantly in a year, so you should be ready to change to a new company if you can find a cheaper rate.

Many drivers tend to have loyalty to a certain company, but we do not recommend it if your bullheadedness ends up costing you thousands of dollars over the life of your policy. It takes less than five minutes to shop around to find cheaper insurance for single moms in Miami.

If you wish to get help from a professional when trying to find lower insurance rates for single moms, the insurance agencies listed below can help you make a decision which car insurance policy is best. To locate an agency in your neighborhood, click the button at the bottom of the list or click here to compare price quotes now.

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