You have probably watched the captivating commercials from car insurance companies like GEICO, State Farm, and Farmers promising dirt cheap rates. So you just need to choose one randomly, right?
Unfortunately, it’s not that simple as there are a lot of unknowns such as whether or not you own a home, whether you are a man or a woman, the area where you live, and the level of liability coverage you want, that all have an effect on the price of a policy. The information below covers the types of things that cause high car insurance rates and will hopefully give the reader a good beginning to your quest for cheaper car insurance in Florida.
Finding good, low-cost auto insurance is easier said than done, and deciding which companies quote the best insurance rates for felons will involve even more work. Each company has a different formula for setting prices, so first we will examine the insurance companies that tend to have lower prices in Miami, FL.
It’s a good idea to know that Miami insurance rates are determined by lots of factors that will increase or decrease the policy premium. This is why consumers need to take the time to perform an extensive rate comparison when trying to find affordable insurance quotes for felons. Insurance rates can be altered by many factors and can increase or decrease at any time, so the most economical company two years ago may now be quite expensive.
Cheap Insurance Rates for Felons
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $948 |
| 2 | Electric | $1,694 |
| 3 | Amica | $1,694 |
| 4 | Progressive | $1,793 |
| 5 | Mercury | $1,914 |
| 6 | Allied | $1,926 |
| 7 | Travelers | $1,945 |
| 8 | State Farm | $2,068 |
| 9 | Esurance | $2,102 |
| 10 | Auto-Owners | $2,171 |
| 11 | GEICO | $2,172 |
| 12 | Allstate | $2,317 |
| 13 | 21st Century | $2,445 |
| 14 | Windhaven Insurance | $2,575 |
| 15 | MetLife | $2,900 |
| 16 | Hanover | $2,964 |
| 17 | Safeco | $2,987 |
| 18 | Liberty Mutual | $3,039 |
| 19 | United Automobile | $3,562 |
| 20 | Direct General | $4,022 |
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USAA quotes some of the best car insurance rates in Miami at around $948 annually. Electric, Amica, Progressive, and Mercury also are some of the lowest-priced Miami, FL insurance companies.
In the rate table above, if you are currently insured with Electric and switched to USAA, you may realize a yearly price reduction of around $746. Florida drivers with Amica might save as much as $746 a year, and Progressive customers might see rate reductions of $845 a year.
It’s important to note that these policy rates are averaged across all drivers and vehicles in Florida and do not factor in a specific zip code for felons. So the auto insurance company that has the lowest price for you may not even be in the top 21 companies in the list above. That helps illustrate why you need to compare rates from as many companies as possible using your own individual information.
For felons, one of the largest factors that determine the amount you pay each year for auto insurance is where you keep your car in Miami. Areas with increased crime or more people will most likely pay more, whereas areas with less crime or weather claims can boast about having cheaper rates.
The table below sorts the most costly cities in Florida for felons to purchase a policy in. Miami shows up at #2 with an annual cost of $3,273 for the average policyholder, which is approximately $273 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Hialeah | $3,523 |
| 2 | Miami | $3,273 |
| 3 | Miami Gardens | $3,149 |
| 4 | Miami Beach | $2,953 |
| 5 | Miramar | $2,629 |
| 6 | West Palm Beach | $2,599 |
| 7 | Coral Springs | $2,574 |
| 8 | Tampa | $2,558 |
| 9 | Hollywood | $2,552 |
| 10 | Fort Lauderdale | $2,550 |
| 11 | Davie | $2,548 |
| 12 | Pompano Beach | $2,543 |
| 13 | Pembroke Pines | $2,481 |
| 14 | Brandon | $2,368 |
| 15 | St. Petersburg | $2,263 |
| 16 | Clearwater | $2,238 |
| 17 | Spring Hill | $2,039 |
| 18 | Jacksonville | $2,020 |
| 19 | Orlando | $2,008 |
| 20 | Port St. Lucie | $1,975 |
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Prices are comparative as the specific zip code location can lower or raise auto insurance rates noticeably.
The vehicle you are insuring is probably the biggest factor that determines if you can find cheaper insurance for felons. Vehicles with lots of speed or power, poor crash test ratings, or a track record of large liability claims will cost quite a bit more to insure than more economical and safe models.
The data below features insurance costs for a handful of the cheapest automobiles to insure.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 2WD | $3,013 |
| Toyota Prius | $3,332 |
| Jeep Wrangler Sahara 4WD 2-Dr | $3,375 |
| Ford Explorer XLT 2WD | $3,385 |
| Honda CR-V LX 2WD | $3,450 |
| Toyota RAV4 Limited 4WD | $3,560 |
| Toyota Camry LE | $3,567 |
| Dodge Ram 3500 Crew Cab Laramie 2WD | $3,627 |
| GMC Sierra SLE Regular Cab 4WD | $3,812 |
| Chevrolet Silverado 3500HD LTZ Crew Cab 2WD | $3,950 |
| Chevrolet Silverado Crew Cab Hybrid 4WD | $4,068 |
| Ford Fusion S 4-Dr Sedan | $4,084 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $4,159 |
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Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Price estimates do not factor in specific garaging location which can decrease or increase rates noticeably.
Looking at the data, we can assume that makes and models like the Ford Escape, Toyota Prius, Jeep Wrangler, Ford Explorer, and Honda CR-V are most likely to be a few of the cheapest vehicles to insure for felons.
The chart below illustrates how choosing a deductible can influence insurance rates when quoting cheap insurance for felons. The data is based on a single female driver, comprehensive and collision coverage, and no discounts are factored in.
The chart above illustrates that a 50-year-old driver could lower their car insurance rates by $332 a year by switching from a $100 deductible up to a $500 deductible, or save $500 by changing to a $1,000 deductible. Young drivers, like the Age 20 chart data, could save up to $838 every year by choosing a higher deductible.
If you do raise deductibles, it is a good idea to have plenty of savings on hand to allow you to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Buying coverage from the right auto insurance company can be difficult considering how many companies sell coverage in Miami. The company information in the next section may help you pick which coverage providers to look at when comparing rate quotes.
These ratings are only made up of large, nationwide insurance companies, so companies that focus mainly on Florida business are not factored into these rankings. If you wish to compare rates from these and other companies in Florida, follow this link.
Top 10 Large Auto Insurance Providers Overall in Miami
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
Why are you paying too much for Miami car insurance?
Florida insurance rates are impacted by many factors that will increase or decrease the price of your policy. Simply getting older, buying a home instead of renting, or getting a few speeding tickets may prompt premium changes that can make some companies cheaper than competitors. In addition to those changes, insurers amend premium rates at least once a year in order to maintain liquidity for claims. Higher than usual claims can result in increased policy costs, while a better claims history may result in more affordable Miami car insurance rates.
For instance, the graph below shows the companies that have the cheapest car insurance in Miami, FL for a 40-year-old male driver with no prior claims, no tickets, and a good credit history. When comparing rates based on his personal profile, USAA may have the cheapest car insurance rates in Miami at $1,923 each year. This is $525 less than the average policy premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Mercury are also on the list of the best Miami, FL auto insurance companies.
In the next rate comparison, we’ll give the driver from above some claims, a little lower credit rating, and a stop sign violation. Since each company has a proprietary formula for establishing rates, analyzing rate quotes may now present a different ranking of the cheapest Miami car insurance companies as shown below.
USAA now has the best price on car insurance in Miami with Travelers, Esurance, Auto-Owners, and State Farm also having competitive pricing. This shows why consumers need to compare as many rates as possible to get the lowest auto insurance quotes for felons.
Auto insurance prices are influenced by many different factors and change substantially, so the cheapest option when you bought your policy may now be priced much higher than other options.