Really, the only way to get budget auto insurance rates is to compare prices regularly from different companies who sell auto insurance in Miami. Price quotes can be compared by completing these steps.
- Try to learn a little about how insurance works and the measures you can take to prevent expensive coverage. Many risk factors that are responsible for high rates such as at-fault accidents and poor credit can be improved by making minor changes in your lifestyle. Read the full article for instructions to prevent high rates and find discounts that you may qualify for.
- Compare prices from direct, independent, and exclusive agents. Exclusive and direct companies can only give rate quotes from one company like Progressive or Allstate, while agents who are independent can provide price quotes for a wide range of insurance providers.
- Compare the new rate quotes to the price on your current policy to see if switching to a new carrier will save money. If you find better rates and decide to switch, make sure there is no coverage gap between policies.
- Provide adequate notice to your current company to cancel your current auto insurance policy and submit a down payment along with a signed application for the new policy. Once the application is submitted, put the proof of insurance paperwork in an easily accessible location.
One thing to remember is to use the same level of coverage on every quote and and to get price quotes from as many car insurance companies as possible. Doing this helps ensure a level playing field and a complete price analysis.
Sadly, most insurance customers kept their policy with the same company for four years or more, and 38% of customers have never compared rates with other companies. Florida drivers could pocket 55% a year by just comparing rate quotes, but they don’t invest the time required to compare rate quotes.
If you have coverage now or are looking for a new policy, you can follow these tips to find the best rates without reducing protection. Locating the best insurance company for you in Miami is really quite easy. Drivers just need to know the proper methods to quote multiple rates from many different companies online.
Check for these discounts on Ford Escape insurance in Miami
Companies offering auto insurance don’t always publicize the complete list of policy discounts in a way that’s easy to find, so the following list contains a few of the more common and also the more inconspicuous credits available to bring down your rates.
- Driver Training Discounts – Taking time to complete a class that teaches defensive driving techniques could earn you a small percentage discount and also improve your driving technique.
- Anti-theft System – Cars and trucks that have factory anti-theft systems help deter theft and qualify for as much as a 10% discount.
- Miami Homeowners Pay Less – Owning your own home or condo can help you save on insurance because it is proof of financial responsibility.
- No Accidents – Drivers with accident-free driving histories can earn big discounts in comparison to insureds who have frequent claims or accidents.
- Accident Forgiveness Coverage – This one is not really a discount per se, but companies like Allstate and State Farm will let one accident slide before your rates go up as long as you don’t have any claims for a set time period.
You should keep in mind that most credits do not apply to all coverage premiums. Some only reduce the cost of specific coverages such as comp or med pay. If you do the math and it seems like you could get a free insurance policy, you aren’t that lucky.
The illustration below illustrates the difference between Ford Escape insurance costs with and without discounts being applied to the rates. The prices are based on a female driver, no claims, a clean driving record, Florida state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, multi-policy, marriage, safe-driver, and multi-car discounts applied.
To see companies that provide some of the discounts listed above in Florida, click here.
Most of the larger companies such as 21st Century, Allstate and State Farm allow consumers to get price estimates on their websites. Doing online quotes for Ford Escape insurance in Miami is very simple because you just enter your coverage preferences as requested by the quote form. When complete, their quoting system will order information on your driving record and credit history and gives you a price quote based on the data you entered. Using the web to get rates for Ford Escape insurance in Miami makes it simple to compare prices and it’s very important to get many rate quotes if you want to get the most affordable premium on auto insurance.
In order to find out what other companies charge, consider comparing rates from the companies shown below. If you have a policy now, it’s recommended you input the limits and deductibles just like they are on your policy. Doing this guarantees you will have comparison quotes for similar coverage.
The companies shown below are ready to provide comparison quotes in Florida. If you wish to find cheap car insurance in FL, we recommend you get price quotes from several of them to find the cheapest auto insurance rates.
Ford Escape coverage analysis
The price information displayed next covers detailed analysis of insurance policy prices for Ford Escape models. Being able to understand how insurance premiums are determined is important for you to make decisions on which coverage to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Escape XLS 2WD | $312 | $532 | $354 | $20 | $106 | $1,324 | $110 |
| Escape XLS 4WD | $312 | $532 | $354 | $20 | $106 | $1,324 | $110 |
| Escape XLT 2WD | $312 | $532 | $354 | $20 | $106 | $1,324 | $110 |
| Escape Limited 2WD | $358 | $532 | $354 | $20 | $106 | $1,370 | $114 |
| Escape XLT 4WD | $358 | $532 | $354 | $20 | $106 | $1,370 | $114 |
| Escape Limited 4WD | $358 | $648 | $354 | $20 | $106 | $1,486 | $124 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Premium amounts do not factor in specific Miami garaging location which can change coverage rates significantly.
Physical damage deductibles
When shopping for insurance, a common question is how high or low should comp and collision deductibles be. The figures shown below can help illustrate the difference in cost when you choose different insurance deductibles. The first rate quote example uses a $250 physical damage coverage deductible and the second price grid uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Escape XLS 2WD | $280 | $446 | $354 | $20 | $106 | $1,231 | $103 |
| Escape XLS 4WD | $280 | $446 | $354 | $20 | $106 | $1,231 | $103 |
| Escape XLT 2WD | $280 | $446 | $354 | $20 | $106 | $1,231 | $103 |
| Escape Limited 2WD | $322 | $446 | $354 | $20 | $106 | $1,273 | $106 |
| Escape XLT 4WD | $322 | $446 | $354 | $20 | $106 | $1,273 | $106 |
| Escape Limited 4WD | $322 | $544 | $354 | $20 | $106 | $1,371 | $114 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Escape XLS 2WD | $174 | $280 | $354 | $20 | $106 | $934 | $78 |
| Escape XLS 4WD | $174 | $280 | $354 | $20 | $106 | $934 | $78 |
| Escape XLT 2WD | $174 | $280 | $354 | $20 | $106 | $934 | $78 |
| Escape Limited 2WD | $200 | $280 | $354 | $20 | $106 | $960 | $80 |
| Escape XLT 4WD | $200 | $280 | $354 | $20 | $106 | $960 | $80 |
| Escape Limited 4WD | $200 | $342 | $354 | $20 | $106 | $1,022 | $85 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Rate information does not factor in specific garaging location which can lower or raise rates substantially.
We can estimate from the data above that using a $250 deductible costs roughly $26 more each month or $312 annually than buying the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to go more than 29 months between claim filings, you would save more money if you choose a higher deductible.
The chart below demonstrates how deductibles and can impact Ford Escape premium costs for different age groups. The premium estimates are based on a single male driver, full coverage, and no policy discounts are applied.
Liability only or full coverage
The chart below visualizes the comparison of Ford Escape annual premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Florida. The data is based on a clean driving record, no claims, $100 deductibles, marital status is single, and no other discounts are factored in.
Guidelines for eliminating full coverage
There is no written rule for eliminating physical damage coverage, but there is a guideline you can consider. If the yearly cost of full coverage is more than around 10% of the settlement you would receive from your company, then you might want to consider buying only liability coverage.
For example, let’s say your Ford Escape book value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $8,000 after paying your deductible. If premium cost is more than $800 annually for full coverage, then you might consider buying liability only.
There are a few cases where only buying liability is not a good idea. If you still owe money on your vehicle, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.
Local Miami car insurance agents
Certain consumers prefer to talk to an insurance agent and there is nothing wrong with that. Licensed agents can help determine the best coverages and will help you if you have claims. One of the benefits of comparing rate quotes online is you can get the lowest rates and still choose a local agent.
Upon completion of this quick form, your insurance data is instantly submitted to participating agents in Miami that can provide free Miami car insurance quotes for your insurance coverage. It makes it easy because there is no need to contact any insurance agencies because quoted prices will be sent straight to your inbox. If you need to get a comparison quote from a specific car insurance provider, you can always go to their quote page to submit a rate quote request.
Picking the best provider should include more criteria than just the quoted price. These questions are important to ask:
- If independent agents, which companies do they recommend?
- Does their agency support local causes in Miami?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- What insurance companies do they work with in Miami?
- How often do they review policy coverages?
- What are the financial ratings for the companies they represent?
- Does the agent recommend any additional coverage?
If you want to buy car insurance from an insurance agent, you must know there are a couple different types of agents and how they are slightly different. Agencies in Miami can be classified as either exclusive or independent. Both types of agents can write policy coverage, but it’s important to point out how they differ because it may have an impact on the selection process.
Exclusive Car Insurance Agents
Agents of this type can only provide one company’s prices and some examples include Farmers Insurance, Allstate, or State Farm. These agents are unable to place coverage with different providers so you might not find the best rates. Exclusive agencies receive a lot of sales training on their company’s products which helps them sell on service rather than price.
The following is a list of exclusive agencies in Miami who may provide you with rate quotes.
State Farm: Carlos Luis
6001 Bird Rd – Miami, FL 33155 – (305) 663-2300 – View Map
GEICO Insurance Agent
8514 SW 8th St – Miami, FL 33144 – (305) 595-2911 – View Map
Mario Obregon – State Farm Insurance Agent
6701 Sunset Dr #115 – South Miami, FL 33143 – (305) 661-7667 – View Map
Independent Agents (or Brokers)
Agents of this type do not work for one specific company and that is an advantage because they can write policies through lots of different companies and find you the best rates. If they find a cheaper price, they can switch companies in-house and you stay with the same agent.
When searching for an agent, it’s a good idea to compare quotes from multiple independent agents to get the best comparison.
Shown below are independent insurance agencies in Miami that can give you rate quotes.
CHECKMARK INSURANCE AGENCY – Auto and Homeowners Insurance Agents
1375 NW 36th St – Miami, FL 33142 – (305) 638-1280 – View Map
Miami Auto Insurance Agency
3132 NW 7th St – Miami, FL 33125 – (305) 649-1800 – View Map
Cari Insurance Agency Inc.
12890 NW 7th Ave – Miami, FL 33168 – (305) 685-0305 – View Map
Quote often and quote early
While you’re price shopping online, you should never reduce needed coverages to save money. In too many instances, an accident victim reduced comprehensive coverage or liability limits to discover at claim time that the savings was not a smart move. Your objective should be to get the best coverage possible at a price you can afford, but do not sacrifice coverage to save money.
Some companies may not have rate quotes online and many times these smaller companies prefer to sell through independent agencies. Low-cost Ford Escape insurance in Miami is available on the web and from local insurance agents, so you should compare both in order to have the best price selection to choose from.
Much more information about insurance in Florida is located on the following sites:
- How to shop for a safer car (Insurance Institute for Highway Safety)
- Who Has the Cheapest Car Insurance Quotes for a Honda Civic in Miami? (FAQ)
- How Much is Miami Auto Insurance for a Nissan Rogue? (FAQ)
- Child Safety FAQ (iihs.org)
- Event Data Recorders FAQ (iihs.org)