The most effective way to get budget car insurance rates is to do an annual price comparison from insurers in Miami.
Step 1: Take a little time to learn about how companies set rates and the factors you can control to prevent expensive coverage. Many rating criteria that cause rate increases such as accidents, careless driving, and an unacceptable credit score can be rectified by paying attention to minor details.
Step 2: Request rate estimates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from one company like GEICO or State Farm, while independent agents can give you price quotes for a wide range of insurance providers. Compare rates now
Step 3: Compare the new rates to your current policy to determine if you can save on Flex insurance in Miami. If you find better rates and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
One piece of advice is that you’ll want to make sure you compare identical deductibles and limits on each price quote and and to look at as many different insurance providers as possible. Doing this helps ensure an accurate price comparison and a complete price analysis.
Statistics show that the vast majority of Florida car insurance customers renewed their policy with the same company for at least the last four years, and almost 40% of drivers have never taken the time to shop around. U.S. consumers can cut their rates by 46.5% a year just by getting comparison quotes, but they don’t know how much money they would save if they just switched companies.
Locating the most cost-effective car insurance policy in Miami is actually not that difficult if you follow our advice. If you are insured now, you will surely be able to reduce premiums using these techniques. Consumers just need to learn the quickest method to shop for car insurance online.
Cheapest auto insurance in Miami, FL
The providers in the list below are ready to provide price quotes in Miami, FL. To get cheap auto insurance in Miami, FL, we recommend you visit several of them in order to find the cheapest rates.
Ford Flex insurance statistics and information
The coverage table displayed below showcases different insurance coverage prices for Ford Flex models. Having a better understanding of how rates are figured helps drivers make decisions on the best policy to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Flex SE 2WD | $364 | $544 | $418 | $24 | $124 | $1,474 | $123 |
| Flex SEL 2WD | $364 | $640 | $418 | $24 | $124 | $1,570 | $131 |
| Flex SEL AWD | $406 | $640 | $418 | $24 | $124 | $1,612 | $134 |
| Flex Limited 2WD | $406 | $640 | $418 | $24 | $124 | $1,612 | $134 |
| Flex Limited AWD | $406 | $640 | $418 | $24 | $124 | $1,612 | $134 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Price information does not factor in specific zip code location which can change prices noticeably.
Physical damage deductibles: Should you raise them?
When buying auto insurance, a common question is how high or low should comp and collision deductibles be. The figures shown below determine the differences in price when you buy lower versus higher comp and collision deductibles. The first set of prices uses a $100 physical damage coverage deductible and the second set of rates uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Flex SE 2WD | $406 | $648 | $418 | $24 | $124 | $1,645 | $137 |
| Flex SEL 2WD | $406 | $764 | $418 | $24 | $124 | $1,761 | $147 |
| Flex SEL AWD | $452 | $764 | $418 | $24 | $124 | $1,807 | $151 |
| Flex Limited 2WD | $452 | $764 | $418 | $24 | $124 | $1,807 | $151 |
| Flex Limited AWD | $452 | $764 | $418 | $24 | $124 | $1,807 | $151 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Flex SE 2WD | $224 | $342 | $418 | $24 | $124 | $1,132 | $94 |
| Flex SEL 2WD | $224 | $402 | $418 | $24 | $124 | $1,192 | $99 |
| Flex SEL AWD | $250 | $402 | $418 | $24 | $124 | $1,218 | $102 |
| Flex Limited 2WD | $250 | $402 | $418 | $24 | $124 | $1,218 | $102 |
| Flex Limited AWD | $250 | $402 | $418 | $24 | $124 | $1,218 | $102 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Prices do not factor in Miami location which can decrease or increase rates noticeably.
We can derive from the above data that using a $100 deductible will cost you roughly $47 more each month or $564 each year than quoting the higher $1,000 deductible. Since you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you normally go more than 19 months between claims, you would probably come out ahead if you decide on a higher deductible.
The illustration below illustrates how choosing a deductible and can change Ford Flex annual premium costs for different ages of insureds. The data is based on a married male driver, full physical damage coverage, and no additional discounts are factored in.
Drive safe and save
The chart below demonstrates how traffic citations and at-fault claims increase Ford Flex auto insurance costs for different age categories. Data assumes a single female driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.
Liability only or full coverage
The diagram below compares Ford Flex insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Florida. The data assumes no violations or claims, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.
Are you wasting money on full coverage?
There is no clear-cut rule for dropping physical damage coverage on your policy, but there is a general convention. If the annual cost of comprehensive and collision coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.
For example, let’s pretend your Ford Flex replacement cost is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $6,000 after paying your policy deductible. If it’s costing you more than $600 annually for physical damage coverage, then it may be the right time to buy liability only.
There are some cases where buying only liability insurance is not in your best interest. If you still have a loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not remove full coverage.
Get discounts to get affordable Miami car insurance quotes
Car insurance can be pricey, but you may qualify for discounts that could drop your premiums quite a bit. Some discounts will apply when you purchase, but a few must be asked for before you will receive the discount. If you do not check that you are getting every discount you deserve, you may be paying too high a price.
- Passenger Safety Discount – Factory options such as air bags or motorized seat belts may earn rate discounts of more than 20%.
- Seat Belts Save – Drivers who require all vehicle occupants to use their safety belts can save a little on the medical payments or PIP coverage costs.
- Buy New and Save – Insuring a new Flex can cost up to 25% less because new vehicles have to meet stringent safety requirements.
- Low Mileage Discounts – Low annual miles can earn better premium rates on cars that stay parked.
- Discounts for Multiple Vehicles – Having several vehicles on a single policy can reduce rates for all insured vehicles.
- Claim-Free Discount – Good drivers with no accidents pay much less when compared to accident-prone drivers.
- Membership in Organizations – Joining a qualifying organization is a good way to get lower rates when shopping for car insurance.
As a sidenote, most of the big mark downs will not be given to your bottom line cost. Most cut the cost of specific coverages such as comp or med pay. Even though it appears having all the discounts means you get insurance for free, that’s just not realistic.
The example below illustrates the comparison of Ford Flex auto insurance costs with and without discounts applied. The costs are based on a female driver, no driving violations, no at-fault accidents, Florida state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, multi-car, multi-policy, marriage, and safe-driver discounts applied.
A few companies that have some of the discounts shown above may include but are not limited to:
When getting a coverage quote, ask every prospective company how many discounts you can get. All car insurance discounts may not apply in every state. If you would like to see a list of car insurance companies offering car insurance discounts in Miami, click this link.
Why You Might Pay Higher Rates in Miami
Many different elements are part of the calculation when premium rates are determined. Some are obvious like your driving record, but others are more transparent like your continuous coverage or how safe your car is.
- City dwellers may pay more – Residing in a rural area may provide you with better prices when talking about auto insurance. City drivers have to deal with more aggressive driving styles and higher rates of accident claims. Less people means reduced accidents in addition to lower liability claims.
- Discounts for auto and home policies – Lots of insurance companies provide discounts to customers who have multiple policies with them such as combining an auto and homeowners policy. This can amount to five, ten or even twenty percent. If you currently are using one company, it’s still a good idea to check prices from other companies to make sure you are getting the best deal. Consumers may find a better deal by splitting coverages up.
- Auto insurance policy lapses raise auto insurance rates – Going without insurance can be a guaranteed way to trigger a rate increase. In addition to paying higher rates, failure to provide proof of insurance will get you a revoked license or a big fine.
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Gender and car insurance premiums – Over the last 50 years, statistics have shown that women are safer drivers than men. However, don’t assume that females are better drivers. Women and men are responsible for auto accidents in similar numbers, but the males tend to have higher claims. They also receive more costly citations like driving under the influence (DUI).
The chart below illustrates the comparison of Ford Flex car insurance costs for male and female drivers. The costs are based on no claims or driving citations, full coverage, $100 deductibles, single marital status, and no additional discounts are factored in.
- Your spouse saves you money – Being married actually saves money compared to being single. It usually means you are more financially stable it has been statistically shown that being married results in fewer claims.
- Good credit equals lower costs – An insured’s credit score is a large factor in your rate calculation. People with excellent credit scores tend to be better drivers and file fewer claims than drivers who have poor credit scores. So if your credit score can be improved, you could pay less to insure your Ford Flex by repairing your credit.
- Choose high NHTSA crash test ratings and save – Vehicles that have high safety ratings get lower rates. Vehicles engineered for safety have better occupant injury protection and lower rates of occupant injuries means less claims paid which can result in lower premiums. If your Ford scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.
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Ford Flex insurance loss data – Companies include the past claim history for a vehicle as a way to help calculate a profitable premium price. Vehicles that statistically have increased claim numbers or amounts will have a higher cost to insure.
The next table illustrates the compiled insurance loss statistics for Ford Flex vehicles. For each insurance policy coverage type, the claim probability for all vehicles, as an average, is set at 100. Numbers that are below 100 indicate better than average losses, while values over 100 point to more frequent losses or a tendency for claims to be larger.
Insurance Loss Ratings for Ford Flex Vehicles Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Ford Flex 4dr 2WD 89 84 107 91 100 87 Ford Flex 4dr 4WD 105 84 119 77 79 75 BETTERAVERAGEWORSEData Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
How to know if you need help
When selecting the right insurance coverage for your vehicles, there really is no cookie cutter policy. Everyone’s situation is a little different and your insurance should be unique as well.
These are some specific questions could help you determine whether or not you would benefit from an agent’s advice.
- Am I better off with higher deductibles on my Ford Flex?
- Exactly who is provided coverage by my policy?
- What is the difference between comprehensive and collision coverage?
- If I drive on a suspended license am I covered?
- Is my dog or cat covered if injured in an accident?
- When should I remove comp and collision on my Ford Flex?
- Why do I only qualify for high-risk insurance?
- When does my teenage driver need to be added to my policy?
- Do I need PIP (personal injury protection) coverage in Florida?
- Should I have a commercial auto policy?
If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies. It is quick, free and you can get the answers you need.
Do I need an insurance agent?
Some consumers just want to buy from a local agent and doing so can bring peace of mind Experienced insurance agents are highly skilled in risk management and help you file claims. The biggest benefit of comparing insurance prices online is that drivers can save money and get lower prices but also keep your business local.
To help locate an agent, after submitting this simple form, your information gets sent to companies in Miami who want to provide quotes and help you find cheaper coverage. You never need to leave your house since price quotes are sent directly to you. If you wish to get a comparison quote from a specific insurance company, feel free to visit that company’s website and submit a quote form there.
Finding the right company needs to be determined by more than just a low price. These are some questions you should get answers to.
- What are their preferred companies if they are an independent agency?
- Does the company have a solid financial rating?
- Do they have 24-hour customer assistance?
- How many years of experience in personal auto insurance do they have?
- Do they prorate repair cost based on vehicle mileage?
- How often do they review policy coverages?
If you want a local Miami insurance agency, there are two different agency structures to choose from. Agents in Miami can be classified as either independent agents or exclusive agents. Either one can insure your vehicles properly, but it’s worth mentioning the difference between them because it may have an impact on the kind of agent you use.
Exclusive Agencies
Agents of this type can only place business with one company and examples are State Farm, AAA, Farmers Insurance or Allstate. Exclusive agents cannot provide prices from multiple companies so you need to shop around if the rates are high. Exclusive insurance agents are well schooled on their company’s products and that can be a competitive advantage. Some people will only use the same exclusive agent partially due to the brand rather than low price.
Below is a list of exclusive agencies in Miami who may provide you with comparison quotes.
- State Farm: Carlos Luis
6001 Bird Rd – Miami, FL 33155 – (305) 663-2300 – View Map - Allstate Insurance: Ramon Balladares
2455 SW 27th Ave #210 – Miami, FL 33145 – (305) 859-8556 – View Map - Allstate Insurance: Pamela Brumer
141 Alton Rd – Miami Beach, FL 33139 – (305) 531-1223 – View Map
Independent Agents
Agents that choose to be independent are normally appointed by many insurers and that enables them to quote your coverage with a variety of different insurance companies and possibly get better coverage at lower prices. If your premiums go up, your policy is moved internally and you don’t have to do anything.
If you are comparing rate quotes, you need to get several quotes from multiple independent agents for maximum quote selection. A lot of them also have access to mutual insurance companies which may have better rates.
Shown below are independent insurance agencies in Miami who can help you get comparison quotes.
- Neighbors Insurance Agency
7149 W Flagler St – Miami, FL 33144 – (786) 401-4820 – View Map - Beck and Lo’s Insurance Agency
3636 NW 36th St – Miami, FL 33142 – (305) 634-3306 – View Map - JVS Insurance Agency
9600 SW 8th St #27 – Miami, FL 33174 – (305) 552-5250 – View Map
If you feel you receive reasonable responses for all questions you ask as well as a affordable price, you may have just found an auto insurance agent that can be relied on to provide insurance coverage.
Keep this in mind when shopping around
As you quote Miami car insurance, it’s not a good idea to buy less coverage just to save a little money. There are too many instances where drivers have reduced uninsured motorist or liability limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your goal is to buy enough coverage at the best cost.
You just read a lot of ways to shop for Ford Flex insurance online. It’s most important to understand that the more times you quote, the better your chances of lowering your car insurance rates. You may even be surprised to find that the lowest rates come from the least-expected company. Regional companies can often insure niche markets at a lower cost than the large multi-state companies such as State Farm, GEICO and Nationwide.
To learn more, feel free to browse the following helpful articles:
- Shopping for a Safe Car (Insurance Information Institute)
- How Much are Miami Car Insurance Quotes for Inexperienced Drivers? (FAQ)
- Who Has Affordable Miami Auto Insurance Rates for a Ford F-150? (FAQ)
- Who Has Cheap Car Insurance Rates for a Ford Fusion in Miami? (FAQ)
- Who Has Affordable Car Insurance Rates for 19 Year Olds in Miami? (FAQ)
- Who Has Cheap Auto Insurance Rates for a 20 Year Old Male in Miami? (FAQ)
- Who Has Affordable Miami Auto Insurance Rates for a Nissan Sentra? (FAQ)
- Auto Insurance for Teen Drivers (Insurance Information Institute)
- Teen Driving Statistics (GEICO)