You have probably seen the captivating commercials from car insurance companies like Liberty Mutual, The General, and Farmers guaranteeing big savings. So drivers should just choose any of them, right?
It’s not that easy, however, as there are a whole slew of unknown aspects like if you want full coverage, how experienced of a driver you are, and how well you maintain your credit, that all have an effect on the price of a policy. The information below will cover these factors and others that can influence the price of auto insurance and will give you a good start in finding the cheapest insurance in Miami.
One of the many factors that are used to help calculate the annual cost of car insurance is where your car is garaged. More populated areas will most likely have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates have the luxury of lower rates.
The information below rates the most costly cities in Florida for government employees to purchase car insurance in. Miami shows up at #3 having an annual price of $3,177 for the average policyholder, which is approximately $265 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Hialeah | $3,630 |
| 2 | Miami Gardens | $3,245 |
| 3 | Miami | $3,177 |
| 4 | Miami Beach | $2,923 |
| 5 | West Palm Beach | $2,679 |
| 6 | Tampa | $2,610 |
| 7 | Miramar | $2,603 |
| 8 | Hollywood | $2,552 |
| 9 | Coral Springs | $2,549 |
| 10 | Davie | $2,523 |
| 11 | Pompano Beach | $2,518 |
| 12 | Pembroke Pines | $2,505 |
| 13 | Fort Lauderdale | $2,500 |
| 14 | Brandon | $2,298 |
| 15 | St. Petersburg | $2,286 |
| 16 | Clearwater | $2,260 |
| 17 | Spring Hill | $2,123 |
| 18 | Orlando | $2,069 |
| 19 | Jacksonville | $2,040 |
| 20 | Cape Coral | $1,917 |
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Rate information is estimated as zip code location can raise or lower insurance rates greatly.
Determining which insurers offer the lowest-priced auto insurance rates for government employees requires a little more sweat in order to find the lowest price. Each insurance company uses a different method for determining rates, so let’s take a look at the auto insurance companies with the overall best prices in Miami.
It’s important to understand that Florida auto insurance rates are impacted by many things which can significantly increase or decrease the cost of coverage. Simply turning a year older, having a teenage driver, or getting into an accident can trigger price changes that can make some companies more affordable than before.
Lowest Insurance Price Quotes in Florida
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $986 |
| 2 | Amica | $1,694 |
| 3 | Electric | $1,764 |
| 4 | Progressive | $1,829 |
| 5 | Travelers | $1,869 |
| 6 | Mercury | $1,933 |
| 7 | Allied | $1,945 |
| 8 | Esurance | $2,020 |
| 9 | GEICO | $2,108 |
| 10 | State Farm | $2,110 |
| 11 | Auto-Owners | $2,171 |
| 12 | Allstate | $2,340 |
| 13 | 21st Century | $2,469 |
| 14 | Windhaven Insurance | $2,575 |
| 15 | MetLife | $2,958 |
| 16 | Safeco | $3,016 |
| 17 | Hanover | $3,024 |
| 18 | Liberty Mutual | $3,101 |
| 19 | United Automobile | $3,422 |
| 20 | Direct General | $4,062 |
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USAA may have some of the most affordable car insurance rates in Miami at around $986 each year. Amica, Electric, Progressive, and Travelers also rank well as some of the more affordable Miami, FL insurance companies.
As the rates illustrate above, if you buy coverage from Progressive and switched to Amica, you might realize a yearly price reduction of approximately $135. Drivers with Travelers could save as much as $175 a year, and Mercury policyholders might reduce prices by as much as $239 a year.
Remember that these premium estimates are averages across all types of drivers and the different vehicles they drive and and are not calculated with an exact zip code location for government employees. So the company that can offer you the lowest price may not even be in the top 21 companies shown above. That illustrates why you need to compare rates from as many companies as possible using your own personal information and vehicle type.
Buying coverage from a good quality auto insurance company can be challenging considering how many companies provide coverage in Miami. The rank data below can help you select which auto insurance companies to look at comparing rate quotes with. The ratings below are only made up of large insurance companies, so companies that only write business in Florida or surrounding areas are not included in these rankings.
Top 10 Major Auto Insurance Providers in Miami Ranked by A.M. Best Rating
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- The Hartford – A+
- Allstate – A+
- Nationwide – A+
The information below highlights how deductible choice can raise or lower premium costs when searching for cheap insurance for government employees. The premium estimates are based on a single female driver, full physical damage coverage, and no discounts are applied to the premium.
In the chart above, a 30-year-old driver could lower their car insurance rates by $526 a year by increasing from a $100 deductible up to a $500 deductible, or save $794 by changing to a $1,000 deductible. Even younger insureds, like the Age 20 chart data, have the ability to save up to $1,174 annually by choosing a higher deductible. When choosing a higher deductible, it will be necessary to have enough in a savings account to enable you to cover the extra out-of-pocket expense, which deters some people from using high deductibles.
Why it’s important to shop around
Miami, FL auto insurance rates are impacted by many things that will increase or decrease the price of coverage. Improving your credit rating, marrying your spouse, or getting a couple of tickets can produce rate changes that can cause some rates to be much cheaper than others.
Not only may your risk profile change, but companies change premium rates multiple times each year in order to remain profitable. An extended period of higher than normal claims may result in higher priced premiums, while a better loss history may cause lower-cost Miami car insurance rates.
For example, the chart below shows which companies have the cheapest car insurance in Miami, FL for a 40-year-old female driver with no accidents or violations, and a good credit rating. When quoting prices based on her personal profile, USAA might offer the best car insurance rates in Miami at $1,846 per year. This is $602 less than the average policy premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Allied are the remaining cheapest Miami, FL auto insurance companies.
In the next rate comparison, we’ll give the driver from the above example an at-fault accident, slightly worse credit, and a traffic ticket or two. Since every insurance provider uses their own formula for setting prices, getting updated rate quotes may result in a completely different list of companies as shown below.
USAA now has the best insurance rate in Miami with Mercury, State Farm, Auto-Owners, and Esurance now being in the top five. This example demonstrates why it is so important to perform an extensive rate comparison to get affordable auto insurance quotes for government employees.
Insurance prices can be altered by many different factors and can change substantially, so the most economical option two years ago may now be one of the more expensive options.