This article would sure be shorter if we could simply give you the name of the one Florida auto insurance company that is cheapest in Florida. It’s just not that easy, however, as there are a whole bunch of unknown factors such as the deductible level you need, if you own your own home, whether you just need liability insurance, and any driving violations you may have, that all impact the cost of your policy. In this article, we will teach you about the best ways to avoid overpriced car insurance and will give you some help in finding cheaper rates.
Finding out which company offers the cheapest car insurance rates for high mileage drivers calls for a tad more effort in order to find the most economical policy. Each company uses a different method for setting rates, so we will examine the car insurance companies with the overall cheapest rates in Miami.
Find Cheaper Auto Insurance in Florida
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $957 |
| 2 | Electric | $1,694 |
| 3 | Amica | $1,764 |
| 4 | Progressive | $1,847 |
| 5 | Mercury | $1,933 |
| 6 | Travelers | $1,945 |
| 7 | Allied | $2,004 |
| 8 | GEICO | $2,086 |
| 9 | Esurance | $2,102 |
| 10 | State Farm | $2,110 |
| 11 | Auto-Owners | $2,149 |
| 12 | Allstate | $2,388 |
| 13 | 21st Century | $2,469 |
| 14 | Windhaven Insurance | $2,627 |
| 15 | MetLife | $2,900 |
| 16 | Liberty Mutual | $3,009 |
| 17 | Safeco | $3,016 |
| 18 | Hanover | $3,024 |
| 19 | United Automobile | $3,562 |
| 20 | Infinity | $4,045 |
| Find Cheaper Rates Go | ||
USAA has some of the best car insurance rates in Miami at around $957 a year. Electric, Amica, Progressive, and Mercury would also make the list of some of the lowest-priced Miami, FL insurance companies.
In the above example, if you currently have a policy with Mercury and switched to Electric, you might see an annual savings of approximately $239. Customers with Travelers might save as much as $251 a year, and Allied insureds might reduce rates by $310 a year.
Remember that these rates are averages for all drivers and vehicles and do not factor in a vehicle location for high mileage drivers. So the insurer that is most affordable for your situation may not even be in the list above. That points out the importance of why you need to compare rates from as many companies as possible using your own personal information and vehicle type.
The vehicle requiring coverage is a significant factor when quoting economical insurance for high mileage drivers. Vehicles with lots of horsepower, a lack of safety features, or an increased likelihood of liability claims will cost more to insure than safer, lower-performance models.
The table below estimates insurance rates for a selection of the more affordable automobiles to insure in Florida.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 2WD | $2,890 |
| Dodge Grand Caravan CV | $3,241 |
| Honda CR-V LX 2WD | $3,310 |
| Toyota Tacoma 2WD | $3,353 |
| Nissan Altima 2.5 4-Dr Sedan | $3,418 |
| Ford F-150 SVT Raptor Super Cab 4WD | $3,484 |
| Ford Explorer Limited 2WD | $3,493 |
| Volkswagen Jetta S 2.5 Station Wagon | $3,588 |
| Toyota Corolla S | $3,596 |
| Ford Fusion Sport 4-Dr Sedan | $3,662 |
| GMC Sierra 3500HD SLE Regular Cab 2WD | $3,727 |
| Ford Focus SES 2-Dr Coupe | $3,843 |
| Honda Civic DX 4-Dr Sedan | $3,851 |
| Find Cheaper Rates Go | |
Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Premium amounts do not factor in zip code location which can increase or decrease prices considerably.
Looking at the numbers, we can conclude that makes and models like the Ford Escape, Dodge Grand Caravan, and Honda CR-V will definitely be a few of the less-costly vehicles to insure for high mileage drivers.
For high mileage drivers, one of the largest considerations that are looked at to determine auto insurance rates is your zip code. Regions with larger populations or more claims tend to have higher auto insurance costs, whereas areas that tend to be more rural benefit from lower prices.
The next table shows the highest-priced places in Florida for high mileage drivers to purchase auto insurance in. Miami is listed at #3 with a yearly cost of $3,273 for the average insurance policy, which is around $273 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Hialeah | $3,630 |
| 2 | Miami Gardens | $3,277 |
| 3 | Miami | $3,273 |
| 4 | Miami Beach | $2,953 |
| 5 | Tampa | $2,636 |
| 6 | West Palm Beach | $2,625 |
| 7 | Pompano Beach | $2,620 |
| 8 | Miramar | $2,603 |
| 9 | Coral Springs | $2,574 |
| 10 | Hollywood | $2,526 |
| 11 | Pembroke Pines | $2,505 |
| 12 | Fort Lauderdale | $2,500 |
| 13 | Davie | $2,448 |
| 14 | Brandon | $2,298 |
| 15 | Clearwater | $2,238 |
| 16 | St. Petersburg | $2,219 |
| 17 | Spring Hill | $2,123 |
| 18 | Jacksonville | $2,040 |
| 19 | Orlando | $2,029 |
| 20 | Port St. Lucie | $1,994 |
| 21 | Cape Coral | $1,898 |
| 22 | Lakeland | $1,845 |
| 23 | Tallahassee | $1,784 |
| 24 | Palm Bay | $1,750 |
| 25 | Gainesville | $1,646 |
| Quote Best Rates Go | ||
Premium amounts are comparative as the specific garaging location can change coverage rates greatly.
How to get discounts on Miami auto insurance rates
Insurers that offer cheap quotes for high mileage drivers may have special discounts that can lower rates by as much as 30% if you are eligible to receive them. Larger car insurance companies and a summarized list of policyholder discounts are detailed below.
- State Farm offers discounts for Drive Safe & Save, good student, good driver, multiple policy, driver’s education, and multiple autos.
- Progressive has savings for online quote discount, multi-policy, continuous coverage, homeowner, online signing, good student, and multi-vehicle.
- Travelers has discounts for save driver, multi-policy, early quote, multi-car, new car, and home ownership.
- American Family includes discounts for mySafetyValet, multi-vehicle, good student, air bags, accident-free, early bird, and good driver.
- Liberty Mutual policyholders can earn discounts including newly married, multi-policy, newly retired, new vehicle discount, safety features, new graduate, and exclusive group savings.
The information below illustrates the difference between insurance premiums with and without discounts applied to the policy premium. The costs are based on a female driver, a clean driving record, no claims, Florida state minimum liability limits, full coverage, and $250 deductibles.
The first bar for each age group shows the price with no discounts. The second bar shows the rates with multiple vehicle, safe-driver, vehicle safety, passive restraint, multiple policy, and claim-free discounts applied. When drivers take advantage of discounts, the average amount saved each year on car insurance for high mileage drivers is 28% or $774.
The chart below demonstrates how deductible levels can affect insurance rates when quoting cheap insurance for high mileage drivers. The information is based on a married female driver, comprehensive and collision coverage, and no discounts are taken into consideration.
In the chart above, a 50-year-old driver could cut expenses by $340 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $514 by selecting a $1,000 deductible. Younger drivers, such as the Age 20 example, can save up to $848 every year just by choosing higher deductibles when buying full coverage. If you do decide to increase your deductibles, it is essential to have enough funds in savings to allow you to cover the extra out-of-pocket expense that is associated with using high deductibles.
Last year’s bargain might be this year’s rip off
Florida car insurance rates are calculated based on many things that control the price of coverage. Simply getting older, adding a teenager to your policy, or getting a ticket for careless driving can trigger changes in premium resulting in some companies being more affordable than competitors.
And not only may your rating factors change, but auto insurance companies file new rates as often as every quarter to help ensure profitability. A period of increased losses may result in increased rates, while long-term profits can result in lower-priced Miami car insurance rates.
To illustrate this point, the data below shows rates for the cheapest car insurance in Miami, FL for a 30-year-old male driver with a good driving record, no prior claims, and a good credit rating. If we look at prices based on his current rating profile, USAA offers the cheapest car insurance rates in Miami at $1,884 each year. This is $564 less than the average policy premium paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Travelers are the remainder of the cheapest Miami, FL auto insurance companies.
In the next rate comparison, we’ll give the driver from above a chargeable accident, a lower credit rating, and a blemish on his driving record. Because every insurance company has a proprietary method for filing rates in each state, analyzing rate quotes may now present a substantially altered list of the cheapest Miami car insurance companies as shown below.
USAA now has the cheapest price in Miami, FL with Allied, Esurance, State Farm, and GEICO also having competitive pricing. This demonstrates why it is critical to shop around with many companies when trying to find cheap auto insurance quotes for high mileage drivers. Prices are determined by many factors and can decrease or increase without notice, so the cheapest option six months ago may now be quite expensive.
Tips for finding economical insurance for high mileage drivers
Here are some money-saving ideas that can help drivers buy lower-cost auto insurance.
- Higher comprehensive and collision coverage deductibles will save money
- Discounts for being claim-free can be substantial
- Serious violations like DUI or reckless driving can increase rates dramatically
- Being accident-free can lower rates significantly
- Do not pay for comprehensive and collision coverage on older vehicles
- Compare price quotes at least once a year
That last idea is very important, as was pointed out in the prior article. Coverage prices fluctuate constantly, so drivers shouldn’t be resistant to change insurance companies if a lower price can be found. Brand loyalty is not necessarily bad, but it’s not recommended if that dedication is costing thousands of dollars over the life of your policy. If you have a few minutes, compare prices and find cheaper car insurance for high mileage drivers in Miami.