The words “bargain” and “insurance” probably shouldn’t be used in the same sentence, specifically when you are looking for the best coverage prices for low income drivers. To help control this cost, let’s teach you a few of the things that have an impact on insurance premiums, and see how we can help you lower the cost of your next policy.
For poor drivers, one of the largest criteria that aid in calculating the annual cost of car insurance is where you choose to live. Areas with increased crime or more people are more likely to have higher rates, whereas areas with less crime or weather claims benefit from lower coverage costs.
The following table rates the highest-priced areas in Florida for low income drivers to buy an auto insurance policy in. Miami is ranked at #2 with an annual premium of $3,273 on average, which is approximately $273 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Hialeah | $3,595 |
| 2 | Miami | $3,273 |
| 3 | Miami Gardens | $3,245 |
| 4 | Miami Beach | $3,013 |
| 5 | Hollywood | $2,630 |
| 6 | West Palm Beach | $2,625 |
| 7 | Pompano Beach | $2,620 |
| 8 | Tampa | $2,610 |
| 9 | Miramar | $2,603 |
| 10 | Fort Lauderdale | $2,550 |
| 11 | Coral Springs | $2,499 |
| 12 | Davie | $2,473 |
| 13 | Pembroke Pines | $2,407 |
| 14 | Brandon | $2,392 |
| 15 | St. Petersburg | $2,219 |
| 16 | Clearwater | $2,172 |
| 17 | Spring Hill | $2,060 |
| 18 | Orlando | $2,008 |
| 19 | Jacksonville | $1,960 |
| 20 | Port St. Lucie | $1,916 |
| Find the Best Rates Go | ||
Rates are estimated as the garaging address in Miami can affect premium rates significantly.
Comparing quotes for low-cost insurance is not always easy, and determining which company offers the best car insurance rates for low income drivers takes even more work.
Every car insurance company uses slightly different criteria to set their prices, so to begin we’ll rank the most competitive car insurance companies in Miami.
Best Auto Insurance Prices in Florida
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $986 |
| 2 | Electric | $1,694 |
| 3 | Amica | $1,746 |
| 4 | Progressive | $1,829 |
| 5 | Travelers | $1,926 |
| 6 | Allied | $1,945 |
| 7 | Mercury | $1,992 |
| 8 | Esurance | $2,040 |
| 9 | State Farm | $2,047 |
| 10 | GEICO | $2,086 |
| 11 | Auto-Owners | $2,107 |
| 12 | Allstate | $2,317 |
| 13 | 21st Century | $2,397 |
| 14 | Windhaven Insurance | $2,575 |
| 15 | MetLife | $2,958 |
| 16 | Safeco | $3,016 |
| 17 | Hanover | $3,054 |
| 18 | Liberty Mutual | $3,131 |
| 19 | United Automobile | $3,457 |
| 20 | Direct General | $3,902 |
| Get a Custom Quote Go | ||
USAA may offer some of the lowest car insurance rates in Miami at around $986 per year. This is $1,462 less than the average rate paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers would also be considered some of the cheapest Miami, FL auto insurance companies.
In the rate table above, if you currently have coverage with Travelers and switched to Electric, you might achieve a yearly savings of in the vicinity of $232. Policyholders with Allied may save as much as $251 a year, and Mercury policyholders might lower prices by $298 a year.
Remember that these prices are averages across all drivers and vehicles in Florida and and are not calculated with a specific zip code for low income drivers. So the car insurance company that is best suited for you may not even be in the top 21 companies in the list above. That is why you need to get rate quotes using your own driver and vehicle profiles.
The information below shows how choosing a deductible can affect insurance costs when trying to find cheap insurance for low income drivers. The prices are based on a married female driver, full coverage, and no additional discounts are factored in.
The data above shows that a 30-year-old driver could reduce rates by $394 a year by changing from a $100 deductible up to a $500 deductible, or save $596 by selecting a $1,000 deductible. Younger drivers, like the 20-year-old category, could roll back prices up to $848 each year by using higher deductibles when buying full coverage.
If you do make the decision to raise your deductibles, it is a good idea to have plenty of savings on hand to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Insuring your vehicle with a highly-rated insurance provider can be challenging considering how many companies there are in Florida. The ranking information listed below can help you pick which car insurance companies you want to consider when buying insurance for low income drivers.
The ratings below are only made up of major nationwide insurance companies, so companies that may only write in Florida are not included in this list. If you wish to compare prices and find the cheapest rates for low income drivers, click this link.
Top 10 Large Auto Insurers in Miami Ranked by Value
- Mercury Insurance
- Travelers
- American Family
- AAA Insurance
- Safeco Insurance
- Progressive
- The Hartford
- The General
- 21st Century
- Esurance
Top 10 Large Auto Insurers 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%
If you aren’t sure which coverage to buy and prefer to get help from a professional when shopping for the best coverage for low income drivers, the agencies below can most likely aid you in deciding which coverage meets your needs best.
To locate a Miami auto insurance agent using an interactive map, click the button below the list.
Miami International Insurance Agency
2200 SW 16th St, Suite 212 – Miami, FL 33145 – (305) 856-3333
Mario Obregon – State Farm Insurance Agent
6701 Sunset Dr #115 – South Miami, FL 33143 – (305) 661-7667
Globalgreen Insurance Agency
6840 Bird Rd – Miami, FL 33155 – (305) 677-8022
Miami Insurance Agency
3313 NW 7th St – Miami, FL 33125 – (305) 541-4553
Assure-Us The Insurance Agency
1880 NE 163rd St – North Miami Beach, FL 33162 – (305) 956-7818
View more Miami, FL insurance agencies
How to find the cheapest auto insurance for low income drivers
Here are some of the recommended penny-pinching solutions that can help you get more affordable auto insurance.
- Remove physical damage coverage on older vehicles
- Accidents can significantly increase rates
- Violations like speeding or DUI increase rates
- Too many claims can make car insurance unaffordable
- Increase your deductibles
- Keep rates low by comparing prices once a year
The last tip is particularly crucial, as we emphasized in this piece. Car insurance rates change frequently, so don’t hesitate to buy from a new company if you find a better deal. Being loyal to a particular company is commendable, but it’s not a great idea if that loyalty ends up costing money that could be spent on other things. In just a couple of minutes you could compare prices to find cheaper auto insurance for low income drivers in Miami.