What Insurance is Cheapest for Uber Drivers in Miami?

The car, truck, or SUV driven is one of the largest considerations that determines whether or not you can buy the most economical auto insurance for Uber drivers. Vehicles with high performance features, poor crash test ratings, or high incidents of liability claims will cost substantially more to insure than more economical and safe models. The information below illustrates car insurance rates for a number of the cheapest automobiles to buy insurance for.

Cheapest Vehicles to Insure in Miami, FL
Make, Model, and Trim Level Estimated Cost for Full Coverage
Honda CR-V EX 2WD $2,874
Honda Accord LX 4-Dr Sedan $2,883
Ford Escape XLS 4WD $3,142
Jeep Wrangler Sport 4WD 2-Dr $3,245
Honda Odyssey EX W/Rear Entertainment $3,337
Chevrolet Malibu Hybrid $3,402
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $3,466
Volkswagen Jetta S 2.5 Station Wagon $3,512
Ford Explorer XLT 4WD $3,520
Hyundai Elantra Blue 4-Dr Sedan $3,530
Ford Edge Limited AWD $3,585
Toyota Camry SE $3,595
Toyota Prius $3,596
Chevrolet Silverado LT Regular Cab $3,646
Chevrolet Equinox LTZ AWD $3,650
Ford F-150 XL Crew Cab 2WD $3,658
Ford F-350 XL Crew Cab Cabela Package 2WD $3,715
GMC Sierra SL Extended Cab 2WD $3,726
Toyota RAV4 Sport 2WD $3,837
Dodge Grand Caravan SXT $3,921
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Rates do not factor in vehicle garaging location which can increase or decrease coverage prices greatly.

Looking at the data, we can tell that models like the Honda CR-V, Honda Accord, Ford Escape, Jeep Wrangler, and Honda Odyssey will be some of the most budget-friendly vehicles to insure for Uber vehicles.

One of the many considerations that are used to help calculate the price you pay for insurance is where you keep your car. More populated areas tend to have more expensive auto insurance rates, whereas areas that tend to be more rural have the luxury of lower rates.

The information below rates the most expensive areas in Florida for Uber drivers to buy car insurance in. Miami ranks #2 with a yearly cost of $3,241 for the average insured, which is around $270 each month.

Car insurance prices in Miami
Rank City Annual Rate
1 Hialeah $3,630
2 Miami $3,241
3 Miami Gardens $3,149
4 Miami Beach $2,953
5 West Palm Beach $2,705
6 Tampa $2,636
7 Hollywood $2,604
8 Miramar $2,603
9 Pompano Beach $2,595
10 Coral Springs $2,549
11 Davie $2,548
12 Fort Lauderdale $2,500
13 Pembroke Pines $2,481
14 Brandon $2,368
15 St. Petersburg $2,263
16 Clearwater $2,238
17 Orlando $2,069
18 Spring Hill $2,060
19 Port St. Lucie $1,994
20 Jacksonville $1,960
21 Lakeland $1,901
22 Cape Coral $1,841
23 Tallahassee $1,784
24 Palm Bay $1,733
25 Gainesville $1,680
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Prices are approximated as specific Miami zip code can affect prices substantially.

Types of discounts on Miami car insurance

Discounts on car insurance for Uber driversAuto insurance companies that sell policies for Uber drivers may provide price discounts that could lower prices by as much as 40% or more if you are eligible to receive them. A list of car insurance companies and some of the discounts are:

The illustration below shows the difference between insurance costs with and without policy discounts. The price estimates are based on a female driver, no accidents or driving violations, Florida state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, accident-free, multiple vehicle, defensive driving course, multiple policy, and claim-free discounts applied. When these discounts are applied to the policy premium, theaverage yearly reduction on car insurance for Uber drivers is 28% or $785.

The illustration below shows how different deductible levels can increase or decrease insurance costs when quoting cheap insurance for Uber drivers. The rates are based on a married female driver, comp and collision included, and no discounts are applied.

The data above shows that a 30-year-old driver could lower their policy premium by $332 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $500 by switching to a $1,000 deductible. Even younger drivers, like the age 20 example, could shave as much as $708 every year just by using higher deductibles. If you do decide to increase your deductibles, it will be important to have additional funds squirreled away to be able to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

How to find more affordable car insurance for Uber drivers

Lowering your rates is not difficult, and here are some of the better thrifty solutions that can help Florida drivers find cheap auto insurance.

That final tip is extraordinarily crucial, as was emphasized in this piece. Prices charged by auto insurers in Miami can change considerably in a year, so don’t be afraid to change to a new company if a cheaper price is available.

Staying with the same company for years is fine, but it isn’t a good idea if that inflexibility results in costing you lots of money. Take a couple minutes and compare prices and find cheaper car insurance for Uber drivers.

The agents below are a good start to help you determine which coverage fits your budget, since some drivers have questions and prefer to have a little guidance when comparing insurance rates for Uber vehicles. It can be complicated to find the best policy yourself, so getting advice from a licensed agent can give satisfaction knowing your policy gives you sufficient coverage for your assets.

To locate a Miami insurance agent close to you, click the button link following the list.

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