The make and model of vehicle you are seeking coverage for is a large factor when quoting the best cheap auto insurance for drivers under 25. Vehicles with lots of speed or power, a lack of modern safety features, or a track record of large liability claims will cost substantially more to insure than more economical and safe models. The next table outlines insurance prices for the most cost-effective automobiles to insure.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $7,750 |
| Honda Accord EX-L 4-Dr Sedan | $8,440 |
| Ford Escape Limited 4WD | $8,450 |
| Toyota Prius | $8,556 |
| Ford Explorer XLT 2WD | $8,623 |
| Jeep Wrangler Rubicon 4WD 2-Dr | $8,632 |
| Dodge Grand Caravan SE | $8,623 |
| Ford F-150 XL Crew Cab 4WD | $8,740 |
| Ford Focus S 4-Dr Sedan | $9,087 |
| Toyota Tacoma 2WD | $9,095 |
| Volkswagen Jetta 2.0T Station Wagon | $9,129 |
| Jeep Grand Cherokee Laredo 2WD | $9,200 |
| Toyota RAV4 Limited 4WD | $9,206 |
| Chevrolet Equinox LS AWD | $9,200 |
| Honda Civic VP 4-Dr Sedan | $9,660 |
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Table data represents single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, and safe-driver. Prices do not factor in Miami, FL location which can influence insurance rates substantially.
Based on these rates, you can presume that vehicles like the Honda CR-V, Honda Accord, and Ford Escape will definitely be the most budget-friendly vehicles to insure for drivers age 25 and younger. Prices will be higher anyway just due to the fact that there is more exposure for drivers under 25, but overall those makes and models will have the lowest insurance rates possible.
For drivers age 25 and younger, one of the big criteria that help determine insurance cost is where your car is garaged in Miami. Regions with more people or even just more weather-related claims likely pay more, whereas more rural areas have the benefit of cheaper auto insurance prices.
The information below lists the most expensive areas in Florida for drivers under 25 to purchase car insurance in. Miami ranks #3 with an annual cost of $3,145 for the average insurance policy, which is approximately $262 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Hialeah | $3,630 |
| 2 | Miami Gardens | $3,277 |
| 3 | Miami | $3,145 |
| 4 | Miami Beach | $3,013 |
| 5 | Miramar | $2,709 |
| 6 | West Palm Beach | $2,599 |
| 7 | Pompano Beach | $2,595 |
| 8 | Fort Lauderdale | $2,576 |
| 9 | Coral Springs | $2,574 |
| 10 | Hollywood | $2,552 |
| 11 | Tampa | $2,532 |
| 12 | Davie | $2,523 |
| 13 | Pembroke Pines | $2,481 |
| 14 | Brandon | $2,368 |
| 15 | St. Petersburg | $2,263 |
| 16 | Clearwater | $2,194 |
| 17 | Spring Hill | $2,102 |
| 18 | Orlando | $2,069 |
| 19 | Jacksonville | $1,980 |
| 20 | Port St. Lucie | $1,916 |
| 21 | Lakeland | $1,845 |
| 22 | Cape Coral | $1,841 |
| 23 | Palm Bay | $1,786 |
| 24 | Tallahassee | $1,731 |
| 25 | Gainesville | $1,646 |
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Table data uses comparative as the specific garaging location can impact prices considerably.
Choosing the best insurer is difficult considering how many different insurance companies sell coverage in Miami. The ranking data listed below can help you decide which car insurance companies to look at purchasing from. The rankings below are only made up of large nationwide companies, so companies that may only write in Florida are not factored into the list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
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Data Source: Insure.com Best Car Insurance Companies
Impact of violations and accidents on rates in Miami
In a perfect world, the ideal way to maintain the best car insurance premiums for drivers age 25 and younger is to drive safe and have a clean driving record. The illustration below illustrates how violations and accidents raise insurance rates for each age group. The costs are based on a married male driver, full coverage, $100 deductibles, and no discounts are taken into consideration.
In the chart above, the average cost of auto insurance in Florida per year with no accidents or violations is $2,039. Get one speeding ticket and the average cost swells to $2,338, an increase of $300 each year. Then throw in one accident along with the one speeding ticket and the yearly cost of car insurance for drivers under 25 jumps again to an average of $3,188. That’s an increase of $1,149, or $96 per month, just for a couple of infractions!
Types of discounts on Miami car insurance
Insurers that offer coverage for drivers under 25 may provide price discounts that can lower rates by 35% or more if you meet eligibility requirements. Companies and some of the discounts can be found below.
- 21st Century has discounts for theft prevention, anti-lock brakes, 55 and older, student driver, homeowners, and teen driver.
- State Farm discounts include passive restraint, multiple autos, good student, student away at school, Drive Safe & Save, and defensive driving training.
- AAA offers discounts for good student, good driver, education and occupation, pay-in-full, multi-policy, AAA membership discount, and multi-car.
- Liberty Mutual has savings for newly married, new graduate, multi-policy, hybrid vehicle, and exclusive group savings.
- Progressive policyholders can earn discounts including homeowner, online signing, online quote discount, multi-policy, good student, multi-vehicle, and continuous coverage.
The diagram below visualizes the comparison of car insurance rates with and without some available policy discounts. The rates are based on a female driver, no claims or violations, Florida state minimum liability limits, comp and collision included, and $100 deductibles.
The first bar for each age group shows premium with no discounts. The lower bar shows the rates with continuous coverage, vehicle safety, good student, paperless filing, paid-in-full, and anti-theft discounts applied. In this example, theamount saved on car insurance for drivers under 25 is 21% or $478.