The words “economical” and “auto insurance” probably shouldn’t be used in the same sentence, in particular when looking for the best car insurance for hybrid vehicles. Because it’s not cheap, let’s familiarize you with some of the things that determine car insurance premiums, and find out if we can help you slash the price of your next policy.
Deciphering which insurers offer the best insurance rates for hybrid vehicles requires more time in order to find coverage that fits your budget. Each auto insurance company uses different criteria for determining rates in each state, so we’ll take a look at the insurance companies with the overall best prices in Miami.
It’s important to know that Florida insurance rates are based on many factors that control the policy premium. Improving your credit rating, increasing liability limits, or having an at-fault accident can produce rate changes that can now make some companies cheaper in comparison to the competition.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $986 |
| 2 | Amica | $1,712 |
| 3 | Electric | $1,746 |
| 4 | Progressive | $1,775 |
| 5 | Mercury | $1,933 |
| 6 | Travelers | $1,945 |
| 7 | Allied | $1,945 |
| 8 | Esurance | $2,082 |
| 9 | State Farm | $2,131 |
| 10 | GEICO | $2,150 |
| 11 | Auto-Owners | $2,171 |
| 12 | Allstate | $2,317 |
| 13 | 21st Century | $2,469 |
| 14 | Windhaven Insurance | $2,653 |
| 15 | MetLife | $2,958 |
| 16 | Safeco | $2,987 |
| 17 | Liberty Mutual | $3,009 |
| 18 | Hanover | $3,024 |
| 19 | United Automobile | $3,422 |
| 20 | Direct General | $4,062 |
| Compare Rates Now Go | ||
USAA may have some of the lowest car insurance rates in Miami at around $986 each year. This is $1,462 less than the average price paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Mercury also rank well as some of the lowest-priced Miami, FL insurance companies.
In this example, if you currently have a policy with Amica and switched to USAA, you might achieve a yearly price reduction of about $726. Policyholders with Electric may save as much as $760 a year, and Progressive insureds might see rate reductions of $789 a year.
If you want to find out if you’re overpaying, click here to start a quote or click through to the companies below.
It’s important to note that these premium estimates are averages for all drivers and vehicles in Florida and and are not figured with a specific location for hybrid vehicles. So the auto insurance company that is best for you may not even be in the top 21 companies in the list above. That emphasizes why you need to get rate quotes using your own specific driver and vehicle information.
One of the more important things that are used to help calculate the amount you pay for auto insurance is where your residence is in Miami. Areas with more people or more claims tend to have higher auto insurance costs, whereas areas with lower crime rates and fewer weather claims profit from lower rates.
The illustration below shows the highest-priced places in Florida for hybrid vehicles to buy car insurance in. Miami comes in at #2 with the yearly price of $3,177 for the average insured, which is around $265 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Hialeah | $3,595 |
| 2 | Miami | $3,177 |
| 3 | Miami Gardens | $3,149 |
| 4 | Miami Beach | $2,953 |
| 5 | Hollywood | $2,630 |
| 6 | Miramar | $2,629 |
| 7 | West Palm Beach | $2,599 |
| 8 | Tampa | $2,558 |
| 9 | Coral Springs | $2,549 |
| 10 | Pompano Beach | $2,543 |
| 11 | Davie | $2,523 |
| 12 | Pembroke Pines | $2,481 |
| 13 | Fort Lauderdale | $2,475 |
| 14 | Brandon | $2,392 |
| 15 | St. Petersburg | $2,263 |
| 16 | Clearwater | $2,194 |
| 17 | Orlando | $2,090 |
| 18 | Jacksonville | $2,040 |
| 19 | Spring Hill | $2,039 |
| 20 | Port St. Lucie | $1,994 |
| Compare Prices Now Go | ||
Premium amounts are estimated as specific Miami garaging address can impact premiums considerably.
Accidents and violations increase rates
The obvious way to receive good insurance prices for hybrids is to be a cautious driver and maintain a clean driving record. The illustration below highlights how traffic violations and at-fault collisions raise car insurance costs for each different age group. The prices are based on a single male driver, comp and collision included, $250 deductibles, and no additional discounts are factored in.
The data in the chart shows the average cost of an auto insurance policy per year with a clean driving record and no accidents is $2,922. Receive one speeding ticket and the average cost rises to $3,293, an increase of $372 each year. Then add one accident along with the one speeding ticket and the annual cost of insurance for hybrid vehicles jumps again to an average of $4,349. That’s an increase of $1,427, or $119 per month, just for not driving carefully!
The diagram below illustrates how your deductible choice can affect insurance costs when quoting cheap insurance for hybrid vehicles. The information is based on a married male driver, comprehensive and collision coverage, and no other discounts are factored in.
In the chart above, a 40-year-old driver could save $394 a year by changing from a $100 deductible to a $500 deductible, or save $590 by changing to a $1,000 deductible. Youthful drivers, like the 20-year-old category, can save $1,320 or even more just by choosing higher deductibles when buying full coverage. When insureds make the decision to increase the deductibles on their policy, it is important to have plenty of discretionary funds to satisfy the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
Get discount Miami car insurance
Insurance companies that offer cheap quotes for hybrid vehicles may also provide discounts that could lower prices by as much as 35% if you meet eligibility requirements. Popular insurance companies and a partial list of their discounts are detailed below.
- GEICO may include discounts for five-year accident-free, good student, defensive driver, multi-vehicle, emergency military deployment, seat belt use, and anti-theft.
- Auto-Owners Insurance has savings for student away at school, air bags, paid in full, teen driver, safe driver, and multi-policy.
- American Family offers discounts for accident-free, defensive driver, mySafetyValet, good driver, multi-vehicle, and Steer into Savings.
- Esurance offers premium reductions for defensive driver, online quote, paid-in-full, good student, anti-theft, and claim free.
- Progressive includes discounts for continuous coverage, good student, online quote discount, multi-vehicle, homeowner, multi-policy, and online signing.
- State Farm may offer discounts for student away at school, multiple policy, Steer Clear safe driver discount, accident-free, safe vehicle, defensive driving training, and passive restraint.
- AAA offers discounts including anti-theft, pay-in-full, good driver, education and occupation, and AAA membership discount.
The chart below shows the difference between insurance prices with and without discounts applied to the policy premium. The premiums are based on a male driver, a clean driving record, no claims, Florida state minimum liability limits, full physical damage coverage, and $1,000 deductibles.
The first bar for each age group shows the price with no discounts. The lower bar shows the rates with claim-free, homeowner, defensive driving course, anti-theft, vehicle safety, and multiple vehicle discounts applied. When these discounts are applied, the average savings per year on insurance for hybrid vehicles is 28% or $662.
The agents shown below can most likely help you decide which coverages and limits you need, as some drivers have questions and prefer to get help from a professional when shopping for the best coverage for hybrid vehicles. It can be time-consuming to find coverage yourself, so getting advice from a licensed Florida insurance agent can provide peace of mind knowing your coverage gives you adequate coverage when you need it most. To find an auto insurance agency near you, click the button at the bottom or click here to get price quotes now.
CHECKMARK INSURANCE AGENCY – Auto and Homeowners Insurance Agents
1375 NW 36th St – Miami, FL 33142 – (305) 638-1280
Kahn Carlin Insurance
3350 S Dixie Hwy – Miami, FL 33133 – (305) 446-2271
Estrella Insurance #141
3000 NW 36th St – Miami, FL 33142 – (305) 635-6335
Cari Insurance Agency Inc.
12890 NW 7th Ave – Miami, FL 33168 – (305) 685-0305
JVS Insurance Agency
9600 SW 8th St #27 – Miami, FL 33174 – (305) 552-5250
View more Miami, FL insurance agents
Ideas for finding more affordable insurance for hybrid vehicles
The list below summarizes some of the better money-saving suggestions that can help Florida drivers quote cheap car insurance.
- Safe vehicles generally have lower rates
- Maintain a clean driving record
- Save money by staying claim-free
- Buy your homeowners policy from the same company as your auto insurance
- At-fault accidents will increase rates
- Shop around once a year for cheaper rates
That last piece of advice is certainly valuable, as was stressed in the prior article. Auto insurance rates can be adjusted at any time, so drivers shouldn’t be reluctant to switch to a new company if you can find a cheaper rate.
Many consumers stick with the same company and that’s fine, but it’s not recommended if that stubbornness costs you money that could be spent on other things. If you have a few minutes, shop around to find cheaper auto insurance for hybrid vehicles in Miami.