Trying to buy cheap insurance is not the easiest thing to accomplish, and deciding which insurers offer the lowest-priced insurance rates after a speeding ticket will take even more shopping around. Every auto insurer has a different formula to determine premium rates, so let’s begin by examining the most competitive insurance companies in Florida.
It’s important to understand that Florida insurance rates are influenced by many factors which can substantially decrease or increase the price you pay for coverage. Simply having another birthday, marrying your spouse, or getting into an accident can produce rate changes that can cause some rates to be more expensive than competitors.
Find the Cheapest Auto Insurance with Licence Points
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $948 |
| 2 | Electric | $1,746 |
| 3 | Amica | $1,764 |
| 4 | Progressive | $1,793 |
| 5 | Travelers | $1,869 |
| 6 | Mercury | $1,914 |
| 7 | Allied | $1,985 |
| 8 | State Farm | $2,068 |
| 9 | Esurance | $2,082 |
| 10 | Auto-Owners | $2,085 |
| 11 | GEICO | $2,108 |
| 12 | Allstate | $2,388 |
| 13 | 21st Century | $2,445 |
| 14 | Windhaven Insurance | $2,653 |
| 15 | MetLife | $2,870 |
| 16 | Safeco | $3,016 |
| 17 | Hanover | $3,054 |
| 18 | Liberty Mutual | $3,131 |
| 19 | United Automobile | $3,527 |
| 20 | Infinity | $4,045 |
| View More Rates Go | ||
USAA normally has some of the lowest car insurance rates in Miami at around $948 annually. This is $1,500 less than the average price paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers are also some of the most economical Miami, FL car insurance companies.
In the rate table above, if you currently buy coverage from Progressive and switched to USAA, you could see a yearly savings of approximately $845. Drivers with Travelers could save as much as $921 a year, and Mercury insureds might realize rate reductions of up to $966 a year.
These estimates are averaged for all types of insureds and vehicles and and are not figured with an exact zip code location after a speeding ticket. So the car insurance company that is best suited for you may not even be in the top 21 companies in the list above. That’s why you need to quote rates from as many companies as possible using your own specific driver and vehicle information.
The type of vehicle that needs insurance is probably the largest consideration when comparing cheap insurance after a speeding ticket. Vehicles with lower acceleration and performance, advanced safety features, or low incidents of liability claims will cost quite a bit less to insure than high performance models. The next table presents car insurance premiums for a number of the cheaper automobiles to insure in Florida.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $4,093 |
| Ford Escape XLS 2WD | $4,472 |
| Honda Accord LX-P 4-Dr Sedan | $4,478 |
| Honda Odyssey LX | $4,483 |
| Toyota Prius | $4,548 |
| Dodge Grand Caravan CV | $4,575 |
| Honda Civic DX 4-Dr Sedan | $4,754 |
| Ford F-150 STX Regular Cab 2WD | $4,785 |
| Chevrolet Equinox LS 2WD | $4,846 |
| Toyota Tacoma Double Cab 4WD | $4,938 |
| Ford Explorer Limited AWD | $4,947 |
| Ford Focus SEL 4-Dr Sedan | $5,022 |
| Ford Edge SEL 2WD | $5,076 |
| Start Your Quote Go | |
Table data assumes single male driver age 50, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, and homeowner. Estimates do not factor in vehicle garaging location which can influence auto insurance rates greatly.
Based on these rates, we can assume that makes and models like the Honda CR-V, Ford Escape, Honda Accord, Honda Odyssey, and Toyota Prius are most likely going to be the most affordable vehicles to insure after a few driving violations.
Get discounts on Miami insurance
Auto insurance companies that provide policies after a speeding ticket may additionally offer rate discounts that could potentially reduce rates by as much as 35% if you can meet the requirements. Companies and the discounts they provide are outlined below.
- American Family offers premium reductions for mySafetyValet, accident-free, TimeAway discount, multi-vehicle, early bird, good driver, and defensive driver.
- Farm Bureau may have discounts that include renewal discount, youthful driver, good student, driver training, multi-vehicle, and 55 and retired.
- State Farm discounts include good student, defensive driving training, Steer Clear safe driver discount, driver’s education, accident-free, and student away at school.
- Travelers offers discounts including home ownership, continuous insurance, hybrid/electric vehicle, save driver, payment discounts, student away at school, and driver training.
- The Hartford has savings for vehicle fuel type, anti-theft, driver training, bundle, good student, and defensive driver.
- GEICO includes discounts for anti-theft, multi-vehicle, emergency military deployment, membership and employees, multi-policy, and daytime running lights.
- Progressive may include discounts for homeowner, multi-vehicle, good student, continuous coverage, multi-policy, and online signing.
The diagram below visualizes the comparison of car insurance costs with and without discounts. The rate quotes are based on a female driver, no at-fault accidents and three violations, Florida state minimum liability limits, comp and collision included, and $100 deductibles.
The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with vehicle safety, anti-theft, continuous coverage, marriage, homeowner, and multiple vehicle discounts applied. When discounts are factored in, theaverage amount saved on insurance after a speeding ticket is 28% or $1,314.
Tickets and at-fault accidents raise rates
The easiest method to find affordable insurance prices in Florida after a few driving violations is to drive attentively and avoid accidents and traffic violations. The information below shows how violations and fender-benders impact auto insurance rates for different age categories. The premiums assume a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied to the premium.
In the prior example, the average cost of an auto insurance policy in Miami per year with no accidents and a clean driving record is $1,340. Factor in one speeding ticket and the average cost surges to $1,565, an increase of $225 each year. Now include two accidents along with the one speeding ticket and the 12-month cost of insurance after a speeding ticket increases to an average of $3,681. That’s an increase of $2,341, or $195 per month, just for not keeping your driving record clean!
How to find economical auto insurance after a speeding ticket
The list below summarizes some penny-pinching ideas that can help you locate cheaper coverage.
- Buying car and homeowners insurance together can save money
- Claim-free policyholders usually earn a discount
- Higher credit ratings may save you money
- Increase your comprehensive and collision deductibles
- Avoid speeding and other traffic citations and pay less
- Avoid accidents and claims
- Compare rates often to find the best deal
That final tip is remarkably crucial, as was affirmed in this write-up. Prices in Miami can change considerably in a year, so don’t be tentative to switch to a new company if you find a better deal.
Staying with the same company for years is fine, but it’s not a great idea if it’s costing you major coinage every year. It takes less than five minutes to compare prices to find cheaper car insurance after a speeding ticket.
The Miami car insurance agencies listed below can most likely aid you in deciding which coverage meets your needs best, as some people have coverage questions and would like to get help from a professional when trying to find the best insurance rates after a speeding ticket. It can be time-consuming to find the cheapest rate yourself, and agents can provide you peace of mind knowing your coverage gives you adequate protection in case of an accident or claim. To find a Miami insurance agent using an interactive map, click the button at the bottom.
- A 1-Stop Insurance Agency Inc
3629 SW 8th St – Miami, FL 33135 – (305) 441-7100 - Royal Palm Insurance Agency Inc
9900 NW 27th Ave – Miami, FL 33147 – (305) 835-6080 - AV Insurance Agency Inc
2497 NW 79th St – Miami, FL 33147 – (305) 696-2291 - Oliva Insurance Agency Inc
370 Miracle Mile – Miami, FL 33134 – (305) 270-1447 - Okay Insurance Agency
7293 W Flagler St – Miami, FL 33144 – (305) 267-7232