What Car Insurance is Cheapest for High Risk Drivers in Miami?

For high risk drivers, one of the more important considerations that determine insurance cost is your address in Miami. Areas with more people or even just a higher incidence of claims will most likely have higher rates, whereas more rural areas tend to receive slightly lower rates.

The information below ranks the most expensive areas in Florida for high risk drivers to purchase car insurance in. Miami is ranked at #3 with the annual price of $3,241 for coverage, which is around $270 per month.

How much does car insurance cost in Miami, FL?
Rank City Annual Rate
1 Hialeah $3,630
2 Miami Gardens $3,277
3 Miami $3,241
4 Miami Beach $3,043
5 Miramar $2,629
6 West Palm Beach $2,599
7 Pompano Beach $2,595
8 Tampa $2,558
9 Hollywood $2,552
10 Davie $2,548
11 Fort Lauderdale $2,500
12 Coral Springs $2,474
13 Pembroke Pines $2,431
14 Brandon $2,298
15 Clearwater $2,260
16 St. Petersburg $2,219
17 Spring Hill $2,123
18 Orlando $2,029
19 Port St. Lucie $1,994
20 Jacksonville $1,980
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Premium amounts are approximated as the specific Miami residence address can decrease or increase rates noticeably.

Finding reliable, budget car insurance is not easy, and figuring out which company offers the lowest-priced auto insurance rates for high risk drivers takes additional perseverance. Each company uses a different method for filing rates in each state, so to begin we’ll rank the auto insurance companies with the most affordable rates in Miami.

It’s important that readers know that Florida auto insurance rates are impacted by many things which can substantially decrease or increase the cost of coverage. This price variability is why it is critical to compare many different companies to find cheap auto insurance rates for high risk drivers. Auto insurance prices are made up of many factors and can change substantially, so the most economical option three years ago may now be an over-priced policy.

Cheap Insurance Rates for Risky Drivers

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Cheapest auto insurance in Florida ranked by cost per year
Rank Company Cost Per Year
1 USAA $986
2 Electric $1,712
3 Amica $1,764
4 Progressive $1,847
5 Travelers $1,926
6 Mercury $1,933
7 Allied $1,985
8 State Farm $2,047
9 Auto-Owners $2,085
10 GEICO $2,086
11 Esurance $2,102
12 Allstate $2,340
13 21st Century $2,445
14 Windhaven Insurance $2,549
15 MetLife $2,870
16 Safeco $3,016
17 Hanover $3,054
18 Liberty Mutual $3,131
19 United Automobile $3,457
20 Direct General $4,062
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USAA normally has some of the cheapest car insurance rates in Miami at around $986 a year. Electric, Amica, Progressive, and Travelers also rank well as some of the more affordable Miami, FL car insurance companies.

In this example, if you are insured with Amica and switched to USAA, you may see an annual premium reduction of around $778. Policyholders with Progressive may save as much as $861 a year, and Travelers insureds might lower prices by up to $940 a year.

To see if you’re overpaying, click here to begin a quote or click through to the companies below.

It’s important to note that these prices are averaged across all insureds and vehicles and are not factoring in a specific vehicle garaging location for high risk drivers. So the insurer that can offer you the lowest price may not even be in the list above. That emphasizes why you need to quote rates from as many companies as possible using your own specific driver and vehicle information.

The car, truck, or SUV you are seeking coverage for is probably the largest consideration that determines if you can find the lowest-priced auto insurance for high risk drivers. Vehicles with high performance, poor safety ratings, or high incidents of liability claims will cost more to insure than more economical and safe models.

The data below illustrates auto insurance costs for some of the cheapest vehicles to buy coverage for.

Cheapest Vehicles to Insure in Miami, FL
Vehicle Insured Estimated Cost for Full Coverage
Honda CR-V LX 4WD $10,822
Ford Escape XLT 2WD $11,330
Honda Accord EX 4-Dr Sedan $11,609
Ford Edge SE 2WD $12,117
Chevrolet Silverado LS Regular Cab 4WD $12,123
Jeep Wrangler Sahara 4WD 2-Dr $12,239
Toyota Prius $12,527
Ford Focus SE 4-Dr Sedan $12,696
Nissan Altima 2.5 4-Dr Sedan $12,818
Jeep Grand Cherokee Laredo 2WD $12,823
Volkswagen Jetta LE 4-Dr Sedan $12,818
Ford Explorer Limited AWD $12,944
Dodge Grand Caravan SXT $12,950
Chevrolet Impala LTZ $13,393
Chevrolet Equinox LS AWD $13,417
Toyota RAV4 4WD $13,424
GMC Sierra SL Extended Cab 2WD $13,417
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Table data assumes single female driver age 40, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, homeowner, and multi-policy. Price estimates do not factor in specific zip code location which can affect auto insurance rates significantly.

Looking at the rates, cars like the Honda CR-V, Ford Escape, Honda Accord, Ford Edge, and Chevrolet Silverado are most likely going to be a few of the most affordable vehicles to insure for high risk drivers. Rates will be higher anyway because of the fact that there is a higher risk for high risk drivers, but in general those specific models will most likely have the best insurance prices compared to other vehicles.

Get discount Miami auto insurance

Discounts on auto insurance for high risk driversAuto insurance companies that provide coverage for high risk drivers could also offer discounts that can reduce rates by as much as 35% if you are eligible. A list of companies and a selection of discounts are outlined below.

The diagram below illustrates the difference between insurance costs with and without discounts applied to the premium. The premiums assume a male driver, one violation and two at-fault accidents, Florida state minimum liability limits, comp and collision included, and $100 deductibles.

The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with vehicle safety, continuous coverage, paperless filing, anti-theft, marriage, and passive restraint discounts applied. When taking advantage of discounts, theaverage yearly reduction on auto insurance for high risk drivers is 29% or $2,028.

The example below demonstrates how deductible levels can raise or lower insurance rates when researching cheap insurance for high risk drivers. The prices are based on a married male driver, comp and collision included, and no discounts are factored in.

As shown above, a 40-year-old driver could lower their policy premium by $348 a year by increasing from a $100 deductible up to a $500 deductible, or save $524 by choosing a $1,000 deductible. Even younger drivers, such as the 20-year-old example, could roll back prices up to $1,162 or more just by using higher deductibles. When choosing a higher deductible, it will now be necessary to have plenty of money set aside to enable you to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.

Choosing a good quality auto insurance provider can be rather challenging considering how many companies provide coverage in Miami. The company ratings listed below could help you choose which insurers you want to consider purchasing a policy from. These rankings include large insurance companies, so companies that only write business in Florida or surrounding areas are not factored into the list.

Best 15 Auto Insurance Companies for High Risk Drivers in Florida
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