Comparing rates for reasonably-priced car insurance is tough enough, and figuring out which insurers offer the best car insurance rates for immigrants takes more quotes for comparison. Every auto insurer has a different formula to determine premium rates, so let’s begin by taking a look at the car insurance companies with the overall best prices in Miami.
Keep in mind that Miami car insurance rates are influenced by many factors that will increase or decrease the cost of a policy. That is why it is so important to compare many different companies when trying to get cheap insurance rates for immigrants. Car insurance prices are made up of many risk factors and change frequently, so the most economical option three years ago may now not even be in the top five.
Find Cheaper Auto Insurance for Migrants
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $957 |
| 2 | Electric | $1,694 |
| 3 | Amica | $1,764 |
| 4 | Progressive | $1,829 |
| 5 | Travelers | $1,888 |
| 6 | Mercury | $1,933 |
| 7 | Allied | $1,945 |
| 8 | State Farm | $2,047 |
| 9 | Esurance | $2,082 |
| 10 | Auto-Owners | $2,085 |
| 11 | GEICO | $2,150 |
| 12 | 21st Century | $2,373 |
| 13 | Allstate | $2,411 |
| 14 | Windhaven Insurance | $2,575 |
| 15 | MetLife | $2,900 |
| 16 | Hanover | $2,964 |
| 17 | Liberty Mutual | $3,009 |
| 18 | Safeco | $3,016 |
| 19 | United Automobile | $3,527 |
| 20 | Direct General | $3,942 |
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USAA quotes some of the lowest car insurance rates in Miami at around $957 annually. Electric, Amica, Progressive, and Travelers would also make the list of some of the more affordable Miami, FL car insurance companies.
In the above example, if you currently have a policy with Progressive and switched to Electric, you might achieve yearly savings of in the neighborhood of $135. Drivers with Travelers might save as much as $194 a year, and Mercury customers might realize rate reductions of up to $239 a year.
To find the cheapest rates for your vehicle, click here to start a quote or visit any of the low-priced companies below.
Remember that these rates are averages across all drivers and vehicles and are not factoring in an exact location for immigrants. So the insurer that can offer you the lowest price may not even be in the top 21 companies shown above. That emphasizes why you need to compare rates from multiple companies using your own driver information and specific vehicle type.
The vehicle model you are insuring is one of the biggest factors when comparing the most affordable car insurance for immigrants. Vehicles with lower performance, excellent safety ratings, or a low likelihood of liability claims will cost quite a bit less to insure than high performance models.
The data below outlines car insurance costs for a selection of the most affordable automobiles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Toyota Tacoma 4WD | $3,061 |
| Hyundai Elantra GLS Touring Station Wagon | $3,121 |
| Dodge Grand Caravan Crew | $3,286 |
| Jeep Wrangler Unlimited Sport 4WD 4-Dr | $3,338 |
| Ford Escape Limited 4WD | $3,383 |
| Honda CR-V EX-L 4WD | $3,421 |
| GMC Sierra 2500HD SLE Extended Cab 4WD | $3,454 |
| GMC Sierra SLE Crew Cab 2WD | $3,463 |
| Chevrolet Silverado 3500HD LT Crew Cab 2WD | $3,518 |
| GMC Sierra 3500HD SLE Regular Cab 2WD | $3,525 |
| Ford Focus SE 4-Dr Sedan | $3,627 |
| Kia Optima SX | $3,690 |
| Toyota RAV4 Limited 2WD | $3,694 |
| Toyota Prius | $3,709 |
| Dodge Ram Crew Cab Laramie 2WD | $3,754 |
| Ford Explorer Eddie Bauer AWD | $3,765 |
| Chevrolet Impala LS | $3,878 |
| Volkswagen Jetta SE 2.5 Station Wagon | $3,923 |
| Chevrolet Equinox LS 2WD | $3,956 |
| Chevrolet Malibu Hybrid | $3,965 |
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Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Premium costs do not factor in your specific Miami, FL location which can impact auto insurance rates significantly.
Based upon the rates shown, we can tell that makes and models like the Toyota Tacoma, Hyundai Elantra, Dodge Grand Caravan, Jeep Wrangler, and Ford Escape will be a few of the cheapest vehicles to insure for foreigners.
The illustration below illustrates how choosing a deductible can raise or lower insurance prices when quoting cheap insurance for immigrants. Data assumes a married male driver, full physical damage coverage, and no discounts are factored in.
A 30-year-old driver could pocket $446 a year by changing from a $100 deductible to a $500 deductible, or save $674 by changing to a $1,000 deductible. Even younger insureds, like the 20-year-old, could reduce their rates up to $1,354 annually by choosing a larger deductible amount. If you do raise deductibles, it is necessary to have enough savings set aside to enable you to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
Car insurance rates are higher with tickets and accidents
The obvious way to enjoy the cheapest car insurance premiums for foreigners is to drive cautiously and avoid accidents and traffic citations. The information below illustrates how violations and at-fault collisions raise auto insurance costs for different categories of driver ages. The premium estimates are based on a married male driver, comprehensive and collision coverage, $500 deductibles, and no policy discounts are applied.
In the previous example, the average cost of an auto insurance policy per year with no violations or accidents is $2,224. Factor in one speeding ticket and the average cost surges to $2,561, an increase of $336 each year. Then add in one accident along with the one speeding ticket and the yearly cost of car insurance for immigrants jumps again to an average of $3,504. That’s an increase of $1,279, or $107 per month, just for not keeping your driving record clean!
How to find low-cost car insurance for immigrants
It’s not impossible to find cheaper rates, and here are some penny-pinching solutions that can help Miami drivers buy more affordable coverage.
- Do not get traffic tickets
- Avoid at-fault accidents and claims
- Better credit scores save money
- Increase your comprehensive and collision deductibles
- Get cheaper liability coverage by choosing a safer vehicle
- Remove physical damage coverage on older vehicles
- Check for cheaper rates once a year
The last suggestion is very valuable, as we stressed in the prior information. Prices charged by car insurance companies in Miami adjust frequently, so drivers shouldn’t be resistant to buy a policy from a new company if you can find a cheaper rate. Many drivers have brand loyalty and that’s fine, but it’s not recommended if that dedication is costing thousands of dollars over the life of your policy. Now is a great time to shop around and find cheaper auto insurance for immigrants.