The words “affordable” and “insurance” really shouldn’t be used together, specifically when you are trying to find the best price on coverage for teachers. Because it’s not cheap, let’s learn about some situations that impact car insurance prices, and figure out some ways to take the sting out of the next policy you buy.
Comparing quotes for affordable auto insurance is easier said than done, and determining which company offers the lowest-priced insurance rates for teachers requires even more work. Each insurer has a unique approach for determining rates, so let’s take a look at the most affordable insurance companies in Miami, FL.
It’s important that you understand Miami, FL insurance rates are impacted by many things that may substantially change the price you have to pay. This price fluctuation is why it is important to take the time to shop around to get the most budget-friendly insurance rates for teachers. Prices are calculated by many things and change frequently, so the best company the last time you checked may now not even be in the top five.
Find Cheaper Auto Insurance for Educators
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $957 |
| 2 | Amica | $1,712 |
| 3 | Electric | $1,746 |
| 4 | Progressive | $1,775 |
| 5 | Travelers | $1,888 |
| 6 | Allied | $1,985 |
| 7 | Mercury | $1,992 |
| 8 | Esurance | $2,102 |
| 9 | GEICO | $2,108 |
| 10 | State Farm | $2,110 |
| 11 | Auto-Owners | $2,149 |
| 12 | Allstate | $2,340 |
| 13 | 21st Century | $2,469 |
| 14 | Windhaven Insurance | $2,575 |
| 15 | MetLife | $2,900 |
| 16 | Safeco | $3,016 |
| 17 | Hanover | $3,024 |
| 18 | Liberty Mutual | $3,101 |
| 19 | United Automobile | $3,562 |
| 20 | Direct General | $3,942 |
| Find Cheaper Rates Go | ||
USAA may have some of the best car insurance rates in Miami at around $957 a year. This is $1,491 less than the average premium paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Travelers are also some of the most economical Miami, FL auto insurance companies.
As depicted above, if you have coverage with Progressive and switched to USAA, you could earn a yearly price reduction of in the vicinity of $818. Drivers with Travelers may save as much as $931 a year, and Allied policyholders might lower prices by up to $1,028 a year.
Understand that those premiums are averaged across all drivers and vehicles and and are not figured with a specific zip code for teachers. So the insurer that can offer you the best rate may not even be in the top 21 companies shown above. That illustrates why you need to get quotes using your own specific driver and vehicle information.
The make and model of vehicle to be insured is one of the primary factors that determines whether or not you can buy cheap coverage for teachers. Vehicles with more horsepower, poor safety ratings, or a high likelihood of having liability claims will cost much more to insure than safer, lower-performance models.
The next list ranks coverage prices for the most cost-effective vehicles to insure in Florida.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord EX-L 4-Dr Sedan | $3,199 |
| Toyota Prius | $3,265 |
| Ford Focus SES 4-Dr Sedan | $3,600 |
| Ford Escape XLT 2WD | $3,616 |
| Chevrolet Impala LTZ | $3,670 |
| Honda CR-V EX 4WD | $3,706 |
| Chevrolet Equinox LTZ 2WD | $3,737 |
| GMC Sierra SLE Crew Cab 2WD | $3,743 |
| Chevrolet Malibu LTZ | $3,737 |
| Hyundai Sonata GLS 4-Dr Sedan | $3,741 |
| Jeep Wrangler Sahara 4WD 2-Dr | $3,787 |
| Toyota Tacoma 2WD | $3,920 |
| Toyota Camry Hybrid | $3,990 |
| Find Cheaper Rates Go | |
Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Premium costs do not factor in garaging location in Miami, FL which can modify coverage rates noticeably.
Based upon the table data, vehicles like the Honda Accord, Toyota Prius, Ford Focus, Ford Escape, and Chevrolet Impala are some of the less-costly vehicles to insure for teachers and educators.
For teachers and educators, one of the big criteria that help determine the cost of insurance is where your residence is. Areas with more people or more claims will most likely have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower coverage costs.
The table below shows the most expensive cities in Florida for teachers to buy auto insurance in. Miami is ranked at #2 with the annual price of $3,273 for car insurance, which is about $273 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Hialeah | $3,523 |
| 2 | Miami | $3,273 |
| 3 | Miami Gardens | $3,245 |
| 4 | Miami Beach | $2,923 |
| 5 | Tampa | $2,636 |
| 6 | Hollywood | $2,630 |
| 7 | Miramar | $2,629 |
| 8 | West Palm Beach | $2,625 |
| 9 | Pompano Beach | $2,620 |
| 10 | Fort Lauderdale | $2,576 |
| 11 | Coral Springs | $2,574 |
| 12 | Pembroke Pines | $2,505 |
| 13 | Davie | $2,448 |
| 14 | Brandon | $2,298 |
| 15 | St. Petersburg | $2,196 |
| 16 | Clearwater | $2,194 |
| 17 | Spring Hill | $2,123 |
| 18 | Orlando | $2,029 |
| 19 | Port St. Lucie | $1,994 |
| 20 | Jacksonville | $1,980 |
| Compare Prices Now Go | ||
Information shown are comparative as the specific Miami residence address can raise or lower coverage rates greatly.
Poor driving habits will raise your insurance rates
The easiest way to maintain good insurance premiums in Florida for teachers and educators is to pay attention while driving and avoid accidents and traffic violations. The diagram below demonstrates how traffic citations and at-fault claims can influence insurance costs for different age categories. The information is based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no policy discounts are applied.
The data in the chart shows the average cost of car insurance per year with no violations or accidents is $2,776. Get written up for two speeding tickets and the average cost rises to $3,847, an increase of $1,071 each year. Then add two accidents along with the two speeding tickets and the annual cost of insurance for teachers increases to an average of $7,626. That’s an increase of $4,850, or $404 per month, just for not driving attentively!
Florida insurance companies ranked
Finding the highest-rated auto insurance company can be a challenge considering how many choices drivers have in Miami. The company rank data shown below may help you analyze which companies to look at when looking for cheaper rates.
The ratings below are only comprised of the companies with a significant amount of written premium nationwide, so smaller regional companies are not factored into these rankings. If you’d like to compare prices from these and other top-rated companies, follow this link.
| 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 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Should you buy full coverage?
Buying cheaper insurance is probably important to most drivers, and one great way to buy cheaper insurance for teachers is to buy liability only. The information below visualizes the comparison of insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Florida. The information is based on no claims or driving citations, $500 deductibles, single marital status, and no discounts are applied to the premium.
As an average for all age groups, full coverage on your policy costs an extra $1,961 per year over and above liability only. Many people question if buying full coverage is a waste of money. There is no set rule to stop paying for full coverage, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than about 10% of the settlement you would receive from your company, then it might be time to buy liability only.
For example, let’s assume your vehicle’s replacement value is $11,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $10,000 after you pay the deductible. If it’s costing in excess of $1,000 a year for full coverage, the it may be a good time to stop paying for full coverage.
There are some situations where dropping full coverage is not advised. If you still have a lienholder on your title, you have to carry full coverage to satisfy the loan requirements. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.
Why you should be shopping around
Miami insurance rates are impacted by many factors that control the policy premium. Simply having another birthday, adding a teenager to your policy, or having an accident can cause premium changes that can make some companies cheaper in comparison to the competition.
Not only may your situation change, but car insurance companies change rates without warning to help ensure profitability. Heavy losses may cause additional price hikes, while profitable underwriting may result in lower-cost Miami car insurance rates.
To illustrate this example, the chart below shows rates for the cheapest car insurance in Miami, FL for a 35-year-old female driver with no prior claims, no tickets, and good financial standing. If we compare prices based on her current situation, USAA may offer the cheapest car insurance rates in Miami at $1,846 a year. This is $602 less than the average price paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers are also included in the most affordable Miami, FL auto insurance companies.
The chart below compares rates after we give the driver from the first rate comparison a chargeable claim, a lower credit rating, and an imperfect driving record. Because each insurer has their own unique process to set premium rates, comparing rates could result in a completely different list of the cheapest car insurance companies in Miami as shown below.
USAA now has the cheapest rate in Miami with Mercury, Esurance, State Farm, and GEICO now being in the top five. This example illustrates why drivers need to shop around with many companies to get the cheapest auto insurance rates for teachers.
Insurance prices consist of many things and can increase or decrease at any time, so the most affordable company six months ago may now be one of the higher cost companies.