Determining which insurers offer the lowest-priced auto insurance rates for college graduates involves more work in order to find the lowest price.
Each insurer used slightly different criteria for determining rates in each state, so we’ll go over the most affordable auto insurance companies in Miami, FL.
Find the Cheapest Auto Insurance for Grads
|Rank||Company||Cost Per Year|
|Find Your Rate Go|
USAA normally has some of the cheapest car insurance rates in Miami at around $957 a year. This is $1,491 less than the average rate paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers also are some of the best Miami, FL insurance companies.
As illustrated above, if you are a customer of Travelers and switched to Electric, you may realize yearly savings of in the vicinity of $180. Drivers with Mercury could save as much as $227 a year, and Allied customers might see rate reductions of $258 a year.
To find cheaper insurance rates for your vehicle, click here to get quotes or quote prices from the following companies.
Remember that these premiums are averaged across all drivers and vehicles and are not factoring in a specific vehicle garaging location for college graduates. So the company that fits you best may not even be in the top 21 companies in the list above. That illustrates why you need to get quotes using your own personalized driver profile and vehicle information.
For college grads, one of the largest things that are looked at to help calculate insurance cost is where you live. Larger areas tend to pay slightly more, whereas areas with fewer weather claims and lower vehicle theft rates have the luxury of lower rates.
The table below lists the most expensive areas in Florida for college graduates to buy an auto insurance policy in. Miami is ranked at #2 with an annual rate of $3,241 for car insurance, which is approximately $270 monthly.
|6||West Palm Beach||$2,625|
|20||Port St. Lucie||$1,975|
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Information shown are estimated as the vehicle garaging location can revise price quotes considerably.
The type of vehicle needing coverage is one of the primary factors when shopping around for economical car insurance for college graduates. Vehicles with more horsepower, poor safety ratings, or high incidents of liability claims will cost quite a bit more to insure than safer, lower-performance models.
The list below illustrates coverage rates for the most budget-friendly automobiles to insure in Florida.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda Accord LX 4-Dr Sedan||$3,173|
|Ford Escape Limited 4WD||$3,446|
|Honda CR-V LX 2WD||$3,586|
|Ford Edge SEL 2WD||$3,687|
|Toyota Tacoma 2WD||$3,694|
|Chevrolet Malibu Hybrid||$3,759|
|Toyota RAV4 Limited 4WD||$3,769|
|Jeep Grand Cherokee Laredo 2WD||$3,759|
|Jeep Wrangler Unlimited Sport 4WD 4-Dr||$3,871|
|Toyota Corolla XLE||$3,964|
|Chevrolet Impala LTZ||$3,970|
|Hyundai Sonata GLS 4-Dr Sedan||$4,024|
|Chevrolet Silverado 2500HD LTZ Crew Cab 4WD||$4,032|
|Ford Fusion SE 4-Dr Sedan||$4,037|
|GMC Sierra SLE Crew Cab 2WD||$4,032|
|Chevrolet Silverado LT Crew Cab 4WD||$4,038|
|Ford F-150 FX2 Super Cab 2WD||$4,044|
|Chevrolet Silverado 3500HD LT Crew Cab 2WD||$4,104|
|Honda Odyssey EX||$4,144|
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Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Price information does not factor in garaging location in Miami, FL which can increase or decrease auto insurance rates considerably.
Looking at the rates, you can see that makes and models like the Honda Accord, Ford Escape, Honda CR-V, and Ford Edge will definitely be the most budget-friendly vehicles to insure for college grads.
How accidents and violations affect rates in Miami
The obvious way to find the cheapest auto insurance premiums in Florida for college grads is to drive attentively and avoid accidents and keep your driving record clean. The chart below highlights how speeding tickets and accident claims can impact premium costs for each different age group. The prices are based on a single male driver, comp and collision included, $1,000 deductibles, and no discounts are applied.
In the example above, the average cost of auto insurance in Florida per year with no accidents or violations is $1,747. Get written up for two speeding tickets and the average cost surges to $2,300, an increase of $553 each year. Now include one accident along with the two speeding tickets and the yearly cost of auto insurance for college graduates jumps again to an average of $2,861. That’s an increase of $1,114, or $93 per month, just for not paying attention while driving!
Ending up with the best car insurance provider can be difficult considering how many companies sell insurance in Miami. The company ratings below can help you choose which car insurance companies to look at comparing price quotes from.
The rankings below are only comprised of large insurance companies, so smaller regional companies are not taken into consideration for this list. If you’d like to compare prices from the most competitive companies in Florida, simply click here.
Top 10 Large Auto Insurance Providers in Miami Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
Discount Miami car insurance rates
Insurers that provide policies for college graduates may also offer policy discounts that could lower prices by 40% or more if you meet the requirements. Larger auto insurance companies and some of the discounts are included below.
- 21st Century may offer discounts for driver training, theft prevention, automatic seat belts, defensive driver, and anti-lock brakes.
- State Farm has savings for Drive Safe & Save, driver’s education, safe vehicle, good driver, and student away at school.
- AAA offers discounts for education and occupation, good driver, AAA membership discount, multi-policy, multi-car, good student, and pay-in-full.
- Liberty Mutual may have discounts that include multi-policy, exclusive group savings, newly married, safety features, and good student.
- Progressive discounts include homeowner, online signing, multi-vehicle, multi-policy, online quote discount, good student, and continuous coverage.
The chart below illustrates the comparison of auto insurance rates with and without discounts applied to the policy premium. The information is based on a male driver, a clean driving record, no at-fault accidents, Florida state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with passive restraint, multiple policy, claim-free, vehicle safety, anti-theft, and accident-free discounts applied. When discounts are applied, theaverage yearly reduction on auto insurance for college graduates is 28% or $734.
Tips to find economical car insurance for college graduates
It’s not impossible to find cheaper rates, and here are some penny-pinching solutions that can help drivers find cheap auto insurance.
- Avoid getting citations and tickets
- Remain accident-free and save
- Vehicles with good safety ratings have lower liability rates
- Higher credit scores can equal lower rates
- Increase physical damage deductibles
- Full coverage may not be needed on older vehicles
- Shop around for lower rates once a year
The last idea is particularly important, as was pointed out in this write-up. Car insurance prices in Miami go up and down frequently, so don’t be unwilling to switch carriers if you can find a cheaper rate.
Staying with the same company for years is fine, but it’s not a great idea if that loyalty ends up costing hundreds every year. In just a few minutes you could compare prices to find cheaper car insurance for college graduates.
If you like to get some guidance when trying to find lower insurance rates for college graduates, the agents below can answer your questions and help you decide which auto insurance policy would work best for you.
To locate an agency closest to you, click the button link following the list or click here to compare prices now.
Avante Insurance Agency
7490 W Flagler St – Miami, FL 33144 – (305) 648-7070
All Security Insurance Agency, Inc.
373 N Royal Poinciana Blvd – Miami Springs, FL 33166 – (305) 887-9544
Sunshine Insurance Agency Inc
2595 SW 87th Ave – Miami, FL 33165 – (305) 559-7873
Estrella Insurance #141
3000 NW 36th St – Miami, FL 33142 – (305) 635-6335