What Car Insurance is Cheapest for First-time Drivers in Miami?

You have most likely watched the commercials from companies like Farmers, Liberty Mutual, and State Farm that say if you switch you’ll get huge savings. So you should just choose any of them, right?

It’s not that easy, however, as there are a ton of unknown elements such as if you have points on your license, if you just need liability coverage, the miles you drive each year, and how high your deductibles should be, that all have an effect on the price. The content below will cover the things that cause high insurance rates and should give you a good start in finding the cheapest car insurance in Miami.

The type of vehicle driven is probably the largest consideration that determines whether or not you can buy the cheapest car insurance for first-time drivers. Vehicles with limited speed and performance, excellent safety ratings, or a positive history of liability claims will cost less to insure than high performance models.

The information below features auto insurance premiums for a selection of the most cost-effective vehicles to insure.

Cheapest Vehicles to Insure in Miami, FL
Vehicle Insured Estimated Cost for Full Coverage
Hyundai Elantra GLS Touring Station Wagon $11,146
Ford Escape Limited 2WD $11,262
Honda CR-V EX-L 4WD $11,268
Toyota Prius $12,105
Ford Edge SEL 2WD $13,109
GMC Sierra SLE Crew Cab 2WD $13,225
Toyota RAV4 2WD $13,230
Chevrolet Malibu LS $13,225
Dodge Grand Caravan Crew $13,341
Ford Explorer Limited 4WD $13,351
Toyota Tacoma Double Cab TRD Sport Package 4WD $13,341
Chevrolet Impala LTZ $13,956
Honda Odyssey EX-L $13,963
Toyota Corolla S $13,956
Toyota Camry SE $13,964
Jeep Grand Cherokee Limited 2WD $14,072
Chevrolet Silverado 2500HD LT Crew Cab 4WD $14,078
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Table data represents single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium amounts do not factor in the specific area where the vehicle is garaged which can affect premiums substantially.

By looking at the data, vehicles like the Hyundai Elantra, Ford Escape, Honda CR-V, and Toyota Prius should be some of the most budget-friendly vehicles to insure for new drivers. The cost of auto insurance will tend to be more expensive anyway because of the fact that there is more liability risk for first-time drivers, but generally speaking those makes and models will probably have the cheapest auto insurance rates available.

Figuring out which companies offer the cheapest car insurance rates for first-time drivers takes a bit more work than just comparing a company or two. Each auto insurance company has their own guidelines to determine premium rates, so let’s take a look at the car insurance companies that tend to have lower prices in Miami.

We do need to point out that Florida car insurance rates are based on many factors which can substantially change the price of your policy. Turning one year older, having a claim, or having an accident can cause premium changes that can cause some rates to be more affordable than before.

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Who has the cheapest car insurance in Florida?
Rank Company Cost Per Year
1 USAA $957
2 Electric $1,712
3 Amica $1,764
4 Progressive $1,775
5 Travelers $1,888
6 Mercury $1,933
7 Allied $1,945
8 Esurance $2,020
9 GEICO $2,108
10 State Farm $2,131
11 Auto-Owners $2,171
12 Allstate $2,340
13 21st Century $2,469
14 Windhaven Insurance $2,653
15 MetLife $2,870
16 Safeco $3,016
17 Hanover $3,024
18 Liberty Mutual $3,101
19 United Automobile $3,527
20 Direct General $3,942
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USAA offers some of the most affordable car insurance rates in Miami at around $957 a year. This is $1,491 less than the average price paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers would also make the list of some of the more affordable Miami, FL insurance companies.

As the rates illustrate above, if you currently buy coverage from Amica and switched to USAA, you may see yearly savings of in the neighborhood of $807. Insureds with Progressive might save as much as $818 a year, and Travelers insureds might reduce rates by $931 a year.

It’s important to note that these estimates are averages for all insureds and vehicles and and are not figured with a vehicle location for first-time drivers. So the insurer that has the cheapest rates for you may not even be in the list above. That is why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.

Discounts on Miami auto insurance rates

Cheaper Miami, FL car insurance for new driversAuto insurance companies that offer quotes for first-time drivers may additionally offer discounts that could reduce prices by as much as 25% or more if you qualify for them. The best car insurance companies and some of the discounts can be found below.

The diagram below illustrates the difference between annual premium costs with and without discounts. The data is based on a male driver, no claims or violations, 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 bar shows the rates with continuous coverage, good student, paperless filing, paid-in-full, anti-theft, and passive restraint discounts applied. When drivers qualify for the discounts, the average savings per year on car insurance for first-time drivers is 28% or $762.

The information below illustrates how your deductible choice can influence premium costs when quoting cheap insurance for first-time drivers. The premiums are based on a married male driver, comprehensive and collision coverage, and no policy discounts are applied.

The chart above illustrates that a 40-year-old driver could reduce rates by $292 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $440 by changing to a $1,000 deductible. Even younger drivers, like the 20-year-old example, can save $966 or more just by using higher deductibles. When choosing a higher deductible, it is necessary to have enough savings set aside to satisfy the extra out-of-pocket expense, which is the main drawback of higher deductibles.

You may be paying too much for car insurance

Florida car insurance rates are impacted by many factors which can significantly increase or decrease the price you have to pay for coverage. Simply having another birthday, moving to a different location, or getting a reckless driving citation may cause policy rate changes that may make certain companies more affordable than before. Additionally, companies file new rates as often as every quarter to adjust for unexpected claims or profits. Unexpectedly high claims can result in more expensive prices, while a profitable period may result in lower-cost Miami car insurance rates.

To illustrate this point, the bar chart below shows rates for the cheapest car insurance in Miami, FL for a 30-year-old female driver with no violations or accidents, and great credit. If we compare prices based on her current rating profile, USAA quotes the best car insurance rates in Miami at $1,830 each year. This is $618 less than the average premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Mercury are the rest of the top five cheapest Miami, FL auto insurance companies.

Let’s now give the driver from the first rate comparison an accident surcharge, less-than-perfect credit, and an imperfect driving record. Because every insurance company uses a different method to determining premium rates, comparing rates could now result in a completely different list of the cheapest Miami car insurance companies as shown below.

USAA now has the lowest price in Miami with Allied, State Farm, Esurance, and GEICO now being in the top five. This demonstrates why Miami drivers need to compare lots of rates to get the most affordable auto insurance quotes for first-time drivers.

Insurance rates can be determined by many different factors and change dramatically, so the cheapest option the last time you checked may now be one of the higher cost companies.

How to find low-cost insurance for first-time drivers

It’s not impossible to find cheaper rates, and here are many thrifty suggestions that can help drivers locate more affordable auto insurance.

That last idea is highly vital, as was noted in the prior information. Insurance prices in Miami can be changed at any time, so don’t be afraid to switch carriers if a cheaper rate is available. Many drivers tend to have loyalty to a certain company, but it’s not a great idea if that loyalty results in overpaying hundreds every year. Now is a great time to shop around to find cheaper auto insurance for first-time drivers.

If you have questions and prefer to get help from a professional when shopping for cheaper insurance for new drivers, the insurance agencies listed below can probably help you make a decision which policy fits your needs best. To locate a Miami insurance agent by location nearest to you, click the button following the list.

Rick Burke – State Farm Insurance Agent
2250 S Dixie Hwy Ste. 2Miami, FL 33133(305) 860-0616

JM Private Insurance Agency
7274 SW 48th StMiami, FL 33155(305) 908-1832

Estrella Insurance #110
1201 SW 8th StMiami, FL 33135(305) 859-8558

GEICO Insurance Agent
8514 SW 8th StMiami, FL 33144(305) 595-2911

Find a Miami, FL insurance agent near you