Finding out which company quotes the lowest-priced insurance rates for infrequent drivers calls for more work in order to find coverage that fits your budget. Each auto insurer has their own formula for determining prices, so we will examine the most affordable insurance companies in Florida.
It’s important that readers know that Florida insurance rates are influenced by many factors that control the price you pay. Simply having a birthday, having a teen driver, or having an accident can trigger price changes that may make certain companies more affordable than others.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $977 |
| 2 | Electric | $1,712 |
| 3 | Amica | $1,764 |
| 4 | Progressive | $1,829 |
| 5 | Travelers | $1,869 |
| 6 | Mercury | $1,914 |
| 7 | Allied | $2,004 |
| 8 | State Farm | $2,068 |
| 9 | Esurance | $2,102 |
| 10 | Auto-Owners | $2,149 |
| 11 | GEICO | $2,172 |
| 12 | 21st Century | $2,373 |
| 13 | Allstate | $2,411 |
| 14 | Windhaven Insurance | $2,653 |
| 15 | MetLife | $2,870 |
| 16 | Safeco | $2,898 |
| 17 | Liberty Mutual | $3,009 |
| 18 | Hanover | $3,024 |
| 19 | United Automobile | $3,422 |
| 20 | Infinity | $4,045 |
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USAA offers some of the lowest car insurance rates in Miami at around $977 a year. This is $1,471 less than the average rate paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers also are some of the lowest-priced Miami, FL auto insurance companies.
In this example, if you currently have coverage with Amica and switched to USAA, you may realize yearly savings of about $787. Florida drivers with Progressive could save as much as $852 a year, and Travelers insureds might reduce prices by as much as $892 a year.
Understand that those rates are averages across all insureds and vehicles and do not factor in an exact vehicle garaging location for infrequent drivers. So the company that is best suited for you may not even be in the top 21 companies shown above. That helps illustrate why you need to compare prices as often as possible using your own specific driver information and vehicle.
The type of vehicle you are buying coverage for is one of the primary factors when shopping for low-cost insurance for infrequent drivers. Vehicles with limited top-end speed, an excellent safety record, or a positive history of liability claims will cost less to insure than adrenaline junky models.
The next table ranks insurance costs for the most budget-friendly vehicles to insure.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $3,070 |
| Toyota Prius | $3,400 |
| Ford F-150 XLT Crew Cab 2WD | $3,436 |
| Ford Escape XLT 4WD | $3,595 |
| Chevrolet Impala LT | $3,627 |
| Toyota Tacoma Double Cab 4WD | $3,632 |
| Toyota Camry LE | $3,627 |
| Hyundai Elantra GLS 4-Dr Sedan | $3,814 |
| Chevrolet Equinox LTZ AWD | $3,885 |
| Hyundai Sonata GLS 4-Dr Sedan | $3,893 |
| GMC Sierra 2500HD SLT Crew Cab 4WD | $4,076 |
| Honda Accord EX-L 4-Dr Sedan | $4,092 |
| Ford Fusion Sport AWD 4-Dr Sedan | $4,148 |
| Dodge Grand Caravan Hero | $4,164 |
| Chevrolet Malibu LS | $4,169 |
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Cost estimates assume single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Price information does not factor in specific location information which can alter price quotes significantly.
Based upon the table data, cars like the Honda CR-V, Toyota Prius, and Ford F-150 will definitely be some of the cheaper vehicles to insure for low mileage drivers.
For low mileage drivers, one of the largest things that are looked at to determine the annual cost of car insurance is where you choose to live in Miami. Regions with larger populations or more claims tend to have more expensive car insurance rates, whereas less populated areas benefit from lower prices.
The following table shows the highest-priced areas in Florida for infrequent drivers in which to purchase auto insurance. Miami comes in at #3 costing $3,177 for the average policyholder, which is approximately $265 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Hialeah | $3,523 |
| 2 | Miami Gardens | $3,181 |
| 3 | Miami | $3,177 |
| 4 | Miami Beach | $3,043 |
| 5 | Miramar | $2,683 |
| 6 | Tampa | $2,610 |
| 7 | West Palm Beach | $2,599 |
| 8 | Pompano Beach | $2,595 |
| 9 | Hollywood | $2,552 |
| 10 | Coral Springs | $2,549 |
| 11 | Pembroke Pines | $2,481 |
| 12 | Fort Lauderdale | $2,475 |
| 13 | Davie | $2,448 |
| 14 | Brandon | $2,322 |
| 15 | St. Petersburg | $2,219 |
| 16 | Clearwater | $2,172 |
| 17 | Spring Hill | $2,039 |
| 18 | Orlando | $2,008 |
| 19 | Port St. Lucie | $1,994 |
| 20 | Jacksonville | $1,960 |
| 21 | Cape Coral | $1,860 |
| 22 | Lakeland | $1,827 |
| 23 | Tallahassee | $1,784 |
| 24 | Palm Bay | $1,750 |
| 25 | Gainesville | $1,680 |
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Premium costs are approximated as the specific zip code location can revise auto insurance rates considerably.
Miami insurance company ratings
Finding the best insurance company can be difficult considering how many companies there are in Florida. The ranking information in the lists below can help you analyze which coverage providers to look at comparing price quotes from.
The rankings below are for the largest companies in America, so smaller companies are not taken into consideration for these rankings. If you wish to compare prices from the most competitive companies in Florida, click this link.
Top 10 Major Auto Insurance Companies in Miami Ranked by Customer Service
- USAA
- Travelers
- Mercury Insurance
- AAA Insurance
- Nationwide
- Safeco Insurance
- Progressive
- State Farm
- The Hartford
- The General
Top 10 Major Auto Insurance Companies in Miami Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
The example below demonstrates how deductibles can raise or lower insurance rates when researching cheap insurance for infrequent drivers. Data assumes a married female driver, full coverage, and no policy discounts are applied.
In the chart above, a 50-year-old driver could cut expenses by $286 a year by increasing from a $100 deductible to a $500 deductible, or save $432 by using a $1,000 deductible. Younger drivers, like the 20-year-old, could possibly save up to $708 annually just by choosing higher deductibles when buying full coverage.
If you do decide to increase your deductibles, it is necessary to have additional funds squirreled away to allow you to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.
Why you are probably overpaying for car insurance
Florida insurance rates are calculated based on many things that may substantially change the price you pay for coverage. Simply having a birthday, having a teenage driver, or getting a few speeding tickets can produce rate changes resulting in some rates now being more affordable than others.
Additionally, insurers change prices multiple times each year in order to protect their financial rating. Larger than normal claims can cause more expensive prices, while a better claims history may cause lower-cost Miami car insurance rates.
For example, the data below shows rates for the cheapest car insurance in Miami, FL for a 30-year-old male driver with no prior accidents, a clean driving record, and a high credit rating. If we estimate rates based on his personal profile, USAA might quote the cheapest car insurance rates in Miami at $1,961 each year. This is $487 less than the average policy premium paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Travelers are the remainder of the top five cheapest Miami, FL auto insurance companies.
In this example, we will give the driver in the first example some claims, a little lower credit rating, and a speeding citation. Since each auto insurer has their own unique process for determining rates, comparing quotes may now result in a different ranking of the cheapest car insurance companies in Miami as shown below.
USAA now has the cheapest car insurance in Miami, FL with Mercury, Esurance, State Farm, and Auto-Owners also having competitive pricing. This illustrates why drivers need to take the time to shop around to get the lowest auto insurance quotes for infrequent drivers. Prices consist of many factors and change dramatically, so the cheapest rate the last time you checked may now be priced much higher than other options.
How to find low-cost auto insurance for infrequent drivers
Lowering your rates is not difficult, and here are some of the recommended money-saving suggestions that can help Florida drivers buy cheap coverage.
- Speeding tickets and other violations increase rates
- Higher comprehensive and collision coverage deductibles will save money
- Being accident-free can lower rates significantly
- If your vehicles are older, consider dropping full coverage
- Try to not file small claims
- Keep rates low by shopping around frequently
That final tip is very important, as was noted in this write-up. Prices fluctuate constantly, so drivers shouldn’t be resistant to switch to a new company if a lower-cost policy is available.
Brand loyalty is not necessarily bad, but we do not recommend it if that faithfulness ends up costing you a small fortune. Now is a great time to compare rates to find cheaper insurance for infrequent drivers in Miami.
If you aren’t sure which coverage to buy and prefer to have a little guidance when trying to find the best insurance rates for infrequent drivers, the professional agents shown below can help you determine which insurance coverage will be best for you.
To find a Miami insurance agent near you, click the button after the list or click here to compare rates now.
Oliva Insurance Agency Inc
370 Miracle Mile – Miami, FL 33134 – (305) 270-1447
Ekono Insurance Agency
11626 NE 2nd Ave – Miami, FL 33161 – (305) 757-6767
Allstate Insurance: Eduardo Ferraz
1110 Brickell Ave Ste 105 – Miami, FL 33131 – (305) 379-3666