The words “affordable” and “insurance” really shouldn’t be used in the same sentence, specifically when shopping around for the best car insurance rates for nurses. To help control this cost, let’s start off by going over a few of the things the can have a considerable influence on insurance rates, and figure out some ideas to slash the price of your next policy.
For health professionals, one of the more important factors that aid in calculating the amount you pay each year for auto insurance is where your car is garaged in Miami. Areas with a lot of weather claims or more people are more likely to have higher rates, whereas areas with less people or fewer weather incidents benefit from lower rates.
The information below ranks the highest-priced places in Florida for nurses to purchase a policy in. Miami is listed at #2 with the yearly price of $3,273 for the average insured, which is about $273 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Hialeah | $3,595 |
| 2 | Miami | $3,273 |
| 3 | Miami Gardens | $3,149 |
| 4 | Miami Beach | $2,953 |
| 5 | Miramar | $2,709 |
| 6 | West Palm Beach | $2,679 |
| 7 | Tampa | $2,610 |
| 8 | Fort Lauderdale | $2,576 |
| 9 | Coral Springs | $2,574 |
| 10 | Hollywood | $2,552 |
| 11 | Pompano Beach | $2,518 |
| 12 | Davie | $2,448 |
| 13 | Pembroke Pines | $2,407 |
| 14 | Brandon | $2,298 |
| 15 | St. Petersburg | $2,286 |
| 16 | Clearwater | $2,238 |
| 17 | Spring Hill | $2,123 |
| 18 | Orlando | $2,090 |
| 19 | Jacksonville | $2,020 |
| 20 | Port St. Lucie | $1,975 |
| 21 | Cape Coral | $1,841 |
| 22 | Lakeland | $1,827 |
| 23 | Palm Bay | $1,803 |
| 24 | Tallahassee | $1,801 |
| 25 | Gainesville | $1,630 |
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Prices are approximated as the specific area where the vehicle is garaged can decrease or increase premiums substantially.
Figuring out which company quotes the most affordable insurance rates for nurses requires a tad more effort than just comparing rates from one or two companies. Each insurance company has their own guidelines to set premium rates, so let’s take a look at the overall cheapest insurance companies in Miami.
It’s important that readers know that Miami, FL insurance rates are impacted by many things which can substantially change the cost of having a policy. Getting older, having a teen driver, or getting a couple of tickets can trigger rate changes that can cause some rates to be cheaper than others.
Find the Best Cheap Insurance for Health Occupations
USAA normally has some of the lowest car insurance rates in Miami at around $957 a year. This is $1,491 less than the average policy premium paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Travelers also rank well as some of the most economical Miami, FL auto insurance companies.
As illustrated above, if you are a policyholder with Progressive and switched to Amica, you might see a yearly price reduction of roughly $83. Policyholders with Travelers might save as much as $123 a year, and Mercury customers might reduce rates by $187 a year.
To get a quick, customized rate comparison, click here or visit any of the low-priced companies below.
Remember that these premium estimates are averages across all types of drivers and the different vehicles they drive and and are not calculated with a specific location for nurses. So the insurer that has the cheapest price for you may not even be in the top 21 companies shown above. That emphasizes why you need to compare prices as often as possible using your own driver data and vehicle information.
Careless driving habits raise insurance rates
The ideal way to obtain the most affordable insurance prices in Miami for health professionals is to be a safe driver and have a clean driving record. The example below illustrates how traffic citations and at-fault collisions increase car insurance rates for different age groups. The price estimates are based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are taken into consideration.
The data above shows the average cost of auto insurance in Miami per year with no accidents or violations is $2,922. Receive one speeding ticket and the average cost increases to $3,293, an increase of $372 each year. Then add in one accident along with the one speeding ticket and the annual cost of insurance for nurses jumps again to an average of $4,349. That’s an increase of $1,427, or $119 per month, just for being a careless driver!
Cost comparison with and without full coverage
Paying a lower price for insurance is the goal of most drivers, and one of the easiest ways to pay lower rates for insurance for nurses is to not pay for full coverage. The illustration below illustrates the difference between insurance rates with full physical damage coverage and with liability coverage only. The premiums are based on a clean driving record, no claims, $100 deductibles, single marital status, and no other discounts are factored in.
If the expense is averaged for all age categories, comprehensive and collision coverage on your policy costs $2,656 per year more than carrying just liability coverage. Many drivers will wonder if physical damage coverage is worth the money. There is no specific rule of when to phase out physical damage insurance, but there is a general school of thought. If the annual cost of coverage is 10% or more of any settlement you would receive from your insurance company, then you might consider buying liability only.
Why you should compare rates
Florida insurance rates are impacted by many things which can substantially decrease or increase the price you pay. Simply having another birthday, buying higher coverage limits, or getting a DUI may cause policy rate changes resulting in some companies being more affordable than others.
Not only that, but insurers file new Florida auto insurance rates multiple times each year to ensure their profitability. A period of higher than normal claims can result in high rates, while lower claim levels may produce lower-priced Miami car insurance rates.
To illustrate this point, the bar chart below demonstrates which company has the cheapest car insurance in Miami, FL for a 35-year-old male driver with no violations or accidents, and a high credit rating. When comparing rates based on his current risk factors, USAA might quote the cheapest car insurance rates in Miami at $1,829 per year. This is $619 less than the average price paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Travelers round out the rest of the cheapest Miami, FL auto insurance companies.
Now let’s give the driver in the first example a couple of claims, less-than-perfect credit, and a traffic ticket or two. Because every insurance company uses their own method for determining rates, getting updated rate quotes will most likely result in a different ranking of cheap Miami auto insurance companies as shown below.
USAA now has the best insurance rate in Miami, FL with Mercury, Esurance, State Farm, and GEICO completing the list. This shows why it is crucial to compare as many rates as possible to get the most economical auto insurance rates for nurses. Car insurance prices can be altered by many risk factors and can increase or decrease at any time, so the cheapest option when you last compared rates may now be one of the higher cost companies.
How to find low-cost car insurance for nurses
The list below shows some of the better penny-pinching ideas that can help Florida drivers locate lower-cost coverage.
- Buy safe vehicles
- At-fault accidents will increase rates
- Drop full coverage on older vehicles
- Good credit scores may lower your rates
- Insure your home and auto with the same company
- Compare rates once a year for cheaper prices
The last tip in the list is extremely significant, as we stressed in the prior article. Prices in Miami adjust frequently, so drivers shouldn’t be reluctant to buy from a new company if a better rate can be found.
Many drivers tend to have loyalty to a certain company, but it’s not a good idea if that inflexibility results in costing you money that could be going to better use. In just a few minutes you could compare rates to find cheaper insurance for nurses.
The insurance agents in Miami listed below can probably help you determine which car insurance policy is best, as some drivers wish to get some guidance when shopping for the best coverage for health professionals. It can be complicated to find the best coverage on your own, and getting professional guidance from a licensed agent can give you satisfaction knowing you have adequate protection in case of an accident or claim. To locate a Miami car insurance agency by location nearest to you, click the link after the list.
- Tropical Insurance
8700 W Flagler St # 230 – Miami, FL 33174 – (305) 221-2400 - SOL Insurance Agency
1370 W Flagler St – Miami, FL 33135 – (305) 643-2333 - State Farm: Carlos Luis
6001 Bird Rd – Miami, FL 33155 – (305) 663-2300