Deciding which companies offer the best car insurance rates for 4×4 vehicles calls for a tad more effort in order to find the most economical policy. Each company uses different criteria for setting rates, so let’s take a look at the car insurance companies with the most affordable rates in Miami, FL.
We do need to point out that Florida car insurance rates are influenced by many factors that control the price of your policy. Getting older, buying a different vehicle, or getting into an accident can cause premium changes resulting in some rates now being affordable when they were higher priced.
Best Cheap Insurance Rates for 4×4’s
USAA quotes some of the lowest car insurance rates in Miami at around $948 per year. This is $1,500 less than the average policy premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers also make the cut as some of the best Miami, FL car insurance companies.
In the rate table above, if you buy coverage from Amica and switched to USAA, you may realize annual savings of upwards of $764. Florida drivers with Progressive may save as much as $827 a year, and Travelers policyholders might reduce prices by as much as $978 a year.
If you want to find out if you’re overpaying, click here to start your custom quote or quote rates from the companies below.
These estimates are averages for all drivers and vehicles and and are not calculated with an exact vehicle garaging location for 4×4 vehicles. So the car insurance company that fits you best may not even be in the top 21 companies in the list above. That affirms the importance of why you need to get rate quotes using your own personal information and vehicle type.
The vehicle model you are trying to insure is a large consideration in finding cheaper auto insurance for 4×4 vehicles. Vehicles with reasonable performance levels, modern passenger safety features, or a low likelihood of having liability claims will cost significantly less to insure than adrenaline junky models.
The list below presents insurance costs for a selection of the cheapest automobiles to insure.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 2WD | $3,123 |
| Honda Accord EX 4-Dr Sedan | $3,339 |
| Ford F-150 STX Super Cab 2WD | $3,351 |
| Ford Escape XLS 2WD | $3,446 |
| Honda Odyssey LX | $3,662 |
| Jeep Wrangler Unlimited Sport 4WD 4-Dr | $3,725 |
| Toyota Tacoma 4WD | $3,741 |
| Toyota Camry SE | $3,808 |
| Toyota Prius | $3,820 |
| Volkswagen Jetta 2.0T 4-Dr Sedan | $3,875 |
| Ford Explorer XLT 2WD | $3,883 |
| GMC Sierra 3500HD SLE Regular Cab 2WD | $3,946 |
| Chevrolet Malibu LS | $3,958 |
| Dodge Grand Caravan Hero | $3,967 |
| Toyota RAV4 Sport 2WD | $4,076 |
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Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Price estimates do not factor in garaging location in Miami, FL which can influence rates significantly.
Looking at the data, you can see that cars like the Honda CR-V, Honda Accord, and Ford F-150 will be some of the more affordable vehicles to insure for off-road vehicles.
For off-road vehicles, one of the big criteria that are used to help calculate auto insurance rates is where your residence is in Miami. Regions with larger populations or more claims will most likely pay more, whereas areas with lower crime rates and fewer weather claims have the benefit of cheaper car insurance.
The following table sorts the most costly cities in Florida for 4×4 vehicles to buy auto insurance in. Miami is ranked at #2 with the annual price of $3,273 for the average policy, which is around $273 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Hialeah | $3,595 |
| 2 | Miami | $3,273 |
| 3 | Miami Gardens | $3,181 |
| 4 | Miami Beach | $2,953 |
| 5 | Hollywood | $2,630 |
| 6 | Tampa | $2,610 |
| 7 | Miramar | $2,603 |
| 8 | West Palm Beach | $2,599 |
| 9 | Pompano Beach | $2,543 |
| 10 | Davie | $2,523 |
| 11 | Fort Lauderdale | $2,500 |
| 12 | Pembroke Pines | $2,481 |
| 13 | Coral Springs | $2,474 |
| 14 | Brandon | $2,368 |
| 15 | Clearwater | $2,260 |
| 16 | St. Petersburg | $2,219 |
| 17 | Spring Hill | $2,060 |
| 18 | Orlando | $2,029 |
| 19 | Port St. Lucie | $1,994 |
| 20 | Jacksonville | $1,980 |
| 21 | Cape Coral | $1,860 |
| 22 | Lakeland | $1,845 |
| 23 | Palm Bay | $1,803 |
| 24 | Tallahassee | $1,784 |
| 25 | Gainesville | $1,680 |
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Prices are estimated as specific Miami garaging address can impact premium rates greatly.
Get discounts on Miami insurance
Insurance providers that provide policies for 4×4 vehicles may also offer rate discounts that can reduce rates by 30% or more if you meet specific eligibility requirements. Larger car insurance companies and a summarized list of policyholder discounts can be found below.
- State Farm may include discounts for anti-theft, good driver, passive restraint, good student, defensive driving training, Steer Clear safe driver discount, and accident-free.
- GEICO offers discounts for driver training, multi-policy, air bags, military active duty, membership and employees, and seat belt use.
- Allstate may have discounts that include eSmart discount, multi-policy, FullPay discount, auto/life discount, passive restraint, safe driver, and good payer.
- SAFECO offers premium reductions for safe driver, multi-car, drive less, bundle discounts, anti-theft, teen safe driver, and accident prevention training.
- Farm Bureau has discounts for good student, youthful driver, safe driver, renewal discount, and 55 and retired.
- Progressive may offer discounts for continuous coverage, multi-policy, online signing, good student, and multi-vehicle.
- AAA has savings for education and occupation, anti-theft, multi-car, good driver, pay-in-full, multi-policy, and good student.
The information below illustrates the difference between premium costs with and without discounts applied to the policy premium. The rates are based on a male driver, no tickets, no at-fault accidents, Florida state minimum liability limits, full coverage, and $1,000 deductibles.
The first bar for each age group shows the average rate with no discounts. The second shows the rates with multiple policy, anti-theft, defensive driving course, claim-free, multiple vehicle, and accident-free discounts applied. When these discounts are applied, the average savings per year on car insurance for 4×4 vehicles is 28% or $486.
Liability rates compared to full coverage
Buying cheaper car insurance is probably important to most vehicle owners, and one of the best ways to buy cheap insurance for 4×4 vehicles is to not buy full coverage. The example below shows the difference between auto insurance costs when comparing full coverage to liability only. The data assumes no violations or accidents, $250 deductibles, single marital status, and no discounts are factored in.
As an average for all age groups, physical damage coverage costs $2,186 per year more than carrying just liability coverage. That touches on the question if buying full coverage is worth the money. There is no definitive formula to drop physical damage coverage, but there is a general convention. If the yearly cost of full coverage is more than around 10% of the replacement cost minus the deductible, then you may need to consider dropping full coverage.
There are some scenarios where buying only liability insurance is not financially feasible. If you still owe money on your vehicle, you must maintain physical damage coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not buy liability only.
Why are you paying too much for car insurance?
Florida car insurance rates are calculated based on many things that may substantially change the policy price. Simply improving your credit, buying another vehicle, or getting a driving violation can cause premium changes that may make certain companies cheaper than others. Not only may your situation change, but car insurance companies amend premium rates at least once a year to reflect underwriting profits or losses. Larger than normal claims can cause higher rates, while lower claim expenses can cause cheaper Miami car insurance rates.
For instance, the data below shows the cheapest car insurance in Miami, FL for a 45-year-old male driver with no accidents or violations, and a high credit rating. If we estimate prices based on his current situation, USAA quotes the most affordable car insurance rates in Miami at $1,942 annually. This is $506 less than the average policy premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Mercury are the remainder of the cheapest Miami, FL auto insurance companies.
The chart below compares rates after we give the driver from the first rate comparison a chargeable claim, slightly worse credit, and a speeding ticket. Since each auto insurer has a proprietary method for determining prices, analyzing rate quotes may now show a slightly different list of the cheapest Miami car insurance companies as shown below.
USAA now has the cheapest car insurance in Miami with Allied, Auto-Owners, GEICO, and Esurance also having competitive pricing. This example shows why Miami drivers need to compare many different companies to get affordable car insurance rates for 4×4 vehicles. Auto insurance prices are calculated by many risk factors and change substantially, so the most affordable company six months ago may now be quite expensive.