Find the best car insurance in Miami, Florida: All you need to know

Full coverage car insurance typically costs $4,015 per year in Miami, which is $1,221 higher than the $2,794 state average in Florida. The fact that Florida as a whole has a high percentage of uninsured drivers results in a rise in the premiums that all drivers must pay, which is one of the reasons why car insurance prices are higher in Miami.

Comparing prices from the best insurance providers in the Miami area is the simplest method to save money on car insurance. With the help of the article, you may compare prices and pick the insurance that best suits your needs.

Cheapest car insurance companies in Miami, Florida

Even for the same driver, car insurance costs differ from company to company. Because of this, it’s important to compare your options and choose the best one. Here are Miami’s most affordable car insurance providers:

Company Average cost JD Power Rating
GEICO $1,902 874
State Farm $2,449 882
Travelers $2,971 854
Farmers $3,876 882
Nationwide $3,969 868

Cheapest car insurance prices in Miami, Florida, by ZIP code

The cost of car insurance varies from one area to the next, depending on elements like density and crime rates as well as parking accessibility. The typical prices for Miami’s ZIP code are listed below:

ZIP code Average cost
33131 $3,887
33145 $3,903
33129 $3,907
33138 $3,918
33133 $3,921
33132 $3,923
33122 $3,928
33185 $3,932
33137 $3,961

Choose the best car insurance companies in Miami, Florida

It can be challenging to select the appropriate coverage for your insurance needs because there are so many aspects that affect how much car insurance costs. In addition to helping you save money, choosing the correct auto insurance provider may also make you feel more at ease if you get into an accident and need to submit a claim.

Cheapest car insurance company in Miami, Florida for drivers with poor credit

Your credit score has many different effects on you. Your car insurance premiums may even go up by as much as 50% if you have bad credit.

Although some states prohibit insurance firms from basing car insurance rates on credit scores, it’s always a good idea to make on-time payments on your bills and to reduce your debt whenever you can.

Company Rates for drivers with bad credit
GEICO $3,693
UAIC $4,334
AIG $4,959
Farmers $5,270
State Farm $5,953

Buying Car insurance in Miami, Florida

The following forms of car insurance are required by Florida law for drivers:

  • Documentation of personal injury protection (PIP) and property damage liability (PDL) coverage from an insurance provider authorized to conduct business in Florida.
  • PIP and PDL payments totaling at least $10,000 each. Only Florida requires personal injury protection (PIP) rather than bodily injury liability coverage (BIL) (PIP).
  • The state also doesn’t mandate drivers to obtain uninsured or underinsured motorist coverage, but it does require auto insurance providers to give you the coverage.
  • Ongoing protection even when the car isn’t running or being driven.
  • Bodily injury liability (BIL) coverage of $125,000 per person, $250,000 per occurrence, and $50,000 for (PDL) coverage is needed for vehicles that are registered as taxis.

Self-insurance is legal for qualifying drivers in Florida. Drivers must certify annually that they have an unencumbered net worth of at least $40,000 to qualify for self-insurance.

The legal system in Florida is fault-free. No-fault insurance implies that regardless of whether you caused the accident or not, your auto insurance provider will cover your medical expenses. Likewise, if you cause an accident, you cannot be sued for medical expenses by the injured person in no-fault states like Florida.

 

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