How Much are Car Insurance Rates for Good Students in Miami?

For student drivers, one of the more important considerations that aid in calculating auto insurance rates is where you live in Miami. Cities with larger populations are more likely to pay higher prices, whereas more rural areas benefit from lower prices.

The next table sorts the most expensive areas in Florida for good students to buy an auto insurance policy in. Miami comes in at #3 having an annual price of $3,145 for the average insured, which is about $262 monthly.

How much is auto insurance in Miami, FL?
Rank City Average Per Year
1 Hialeah $3,523
2 Miami Gardens $3,245
3 Miami $3,145
4 Miami Beach $3,043
5 West Palm Beach $2,679
6 Tampa $2,610
7 Miramar $2,603
8 Pompano Beach $2,595
9 Fort Lauderdale $2,576
10 Coral Springs $2,574
11 Hollywood $2,526
12 Davie $2,523
13 Pembroke Pines $2,407
14 Brandon $2,298
15 Clearwater $2,260
16 St. Petersburg $2,196
17 Orlando $2,069
18 Spring Hill $2,039
19 Jacksonville $2,020
20 Port St. Lucie $1,975
21 Cape Coral $1,841
22 Lakeland $1,827
23 Palm Bay $1,803
24 Tallahassee $1,801
25 Gainesville $1,696
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Price information shown is comparative as the specific area where the vehicle is garaged can change prices substantially.

The type of vehicle you are trying to insure is a significant factor when trying to find cheap insurance for good students. Vehicles with lower acceleration and performance, good safety features, or a low likelihood of having liability claims will cost substantially less to insure than fast, unsafe models. The information below illustrates coverage premiums for a selection of the most affordable vehicles to buy insurance for.

Cheapest Vehicles to Insure in Miami, FL
Vehicle Make and Model Estimated Cost for Full Coverage
Honda CR-V EX-L 2WD $11,374
Ford Escape XLT 4WD $11,379
Toyota Prius $12,165
Ford F-150 XLT Crew Cab 2WD $12,681
Jeep Wrangler Rubicon 4WD 2-Dr $12,687
Chevrolet Impala LS $13,270
Chevrolet Equinox LS 2WD $13,369
Dodge Grand Caravan Hero $13,374
Toyota Camry LE $13,369
Volkswagen Jetta LE 4-Dr Sedan $13,379
Toyota RAV4 Limited 4WD $13,369
Chevrolet Silverado LT Extended Cab 4WD $13,374
Ford Explorer Limited 4WD $13,472
Toyota Tacoma Double Cab TRD Sport Package 4WD $13,481
Chevrolet Malibu LT $13,472
Honda Odyssey EX-L W/Rear Entertainment $14,053
Ford Edge Limited AWD $14,061
Toyota Corolla S $14,053
Hyundai Elantra GLS 4-Dr Sedan $14,062
GMC Sierra SLT Extended Cab 2WD $14,156
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Data based on single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate quotes do not factor in specific Miami, FL garaging location which can decrease or increase auto insurance rates significantly.

Looking at the data, we can presume that models like the Honda CR-V, Ford Escape, Toyota Prius, and Ford F-150 will definitely be a few of the most affordable vehicles to insure for student drivers.

Florida auto insurance companies ranked

Selecting the best car insurance company can be difficult considering how many companies are available to choose from in Miami. The ranking information displayed below can help you pick which auto insurers to look at comparing rates from.

These ratings include the companies with a significant amount of written premium nationwide, so smaller regional companies are not factored into the list. If you would like to check rates from many more Florida auto insurance companies, just click here.

Top 10 Major Car Insurance Companies in Miami Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. AAA Insurance
  5. Safeco Insurance
  6. Progressive
  7. The Hartford
  8. The General
  9. 21st Century
  10. Esurance

Top 10 Major Car Insurance Companies in Miami Ranked by Claims Service

  1. Travelers
  2. Nationwide
  3. Allstate
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. Titan Insurance
  10. AAA Insurance

Cautious drivers save money

In a perfect world, the ideal way to maintain good auto insurance rates in Florida for student drivers is to drive carefully and avoid getting tickets or having accidents. The illustration below shows how speeding tickets and accidents can affect insurance costs for different age groups. The rates are based on a married male driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.

In the example above, the average cost of auto insurance in Miami per year with no accidents or violations is $1,672. Factor in one speeding ticket and the average cost increases to $1,921, an increase of $249 each year. Now include two accidents along with the one speeding ticket and the yearly cost of auto insurance for good students goes up to an average of $4,171. That’s an increase of $2,499, or $208 per month, just for not driving attentively!

Why you should be shopping around

Miami auto insurance rates are impacted by many factors that control the price of your policy. Turning one year older, having a teenage driver, or getting a ticket for careless driving can cause premium changes resulting in some rates now being cheaper than others. Also, insurance companies file new Florida car insurance rates multiple times each year to help ensure profitability. An extended period of higher than normal claims can cause more expensive premiums, while long-term profits may result in cheaper Miami car insurance rates.

The graph below shows the companies that have the cheapest car insurance in Miami, FL for a 35-year-old male driver with no prior accidents, a clean driving record, and a good credit history. If we compare prices based on his current risk profile, USAA might quote the cheapest car insurance rates in Miami at $1,885 per year. This is $563 less than the average rate paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers are the remainder of the cheapest Miami, FL auto insurance companies.

Now let’s give the driver from above an accident claim, bad credit, and a speeding citation. Because every insurance company has a proprietary formula for setting prices, analyzing rates most likely will result in a slightly different list of the cheapest companies as shown below.

USAA now has the lowest car insurance rate in Miami, FL with Allied, Esurance, Auto-Owners, and GEICO now being in the top five. This illustrates why it is important to compare rates to get cheap car insurance quotes for good students. Prices can be determined by many different factors and can change without notice, so the lowest-price company three years ago may now be one of the more expensive options.

The auto insurance agents in Miami shown below can most likely help you decide which policy fits your needs best, as some people have coverage questions and would like to have a consultation when comparing insurance rates for good students. It can be hard to find the best rates on your own, so using a licensed agent can add peace of mind knowing your coverage gives you suitable coverage if you ever need to use it.

To locate a Miami insurance agent by location nearest to you, click the button below the list or click here to get price quotes now.

A 1-Stop Insurance Agency Inc
3629 SW 8th StMiami, FL 33135(305) 441-7100

Estrella Insurance #101
3750 W Flagler StMiami, FL 33134(305) 446-6822

SOL Insurance Agency
1370 W Flagler StMiami, FL 33135(305) 643-2333

Eguino and Associates Insurance Agency, Inc.
7229 SW 24th StMiami, FL 33155(305) 266-1700

More Miami, FL insurance agents