Are you researching the cheapest auto insurance rates in Miami, FL? Miami shoppers have many options when shopping for low-cost Toyota Avalon insurance. You can either spend your time driving around trying to get quotes or utilize the internet to compare rates. There is a better way to shop for auto insurance and we’ll show you the absolute fastest way to price shop coverage on a Toyota and obtain the lowest possible price from Miami insurance agents and online providers.
Locating the most cost-effective insurance policy in Miami can be easy if you know a few tricks. If you have insurance now, you will definitely be able to reduce premiums using these tips. Shoppers just need to understand the quickest way to compare insurance rates online.
The best way we recommend to get rate comparisons for Toyota Avalon insurance in Miami takes advantage of the fact car insurance companies pay for the opportunity to give you rate quotes. The one thing you need to do is provide a small amount of information like daily mileage, an estimate of your credit level, how your vehicles are used, and if you are currently licensed. Your information is instantly sent to insurance companies and they return cost estimate very quickly.
To check Toyota Avalon insurance prices now, click here and complete the form.
The companies in the list below are ready to provide price comparisons in Miami, FL. To get cheap car insurance in Miami, we recommend you visit two to three different companies in order to find the most affordable rates.
Toyota Avalon insurance rate analysis
The rate table below covers different prices for Toyota Avalon models. Having a good understanding how policy premiums are formulated can assist in making informed decisions when comparing rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Avalon XL | $364 | $544 | $354 | $20 | $106 | $1,388 | $116 |
| Avalon XLS | $364 | $640 | $354 | $20 | $106 | $1,484 | $124 |
| Avalon Limited | $406 | $640 | $354 | $20 | $106 | $1,526 | $127 |
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Premium costs do not factor in zip code location which can decrease or increase prices substantially.
Comparison of policy deductibles
When buying car insurance, a common question is how high should the physical damage deductibles be. The following insurance rates illustrate the price difference between low and high insurance deductibles. The first set of rates uses a $250 deductible for physical damage and the second set of rates uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Avalon XL | $364 | $544 | $354 | $20 | $106 | $1,413 | $118 |
| Avalon XLS | $364 | $640 | $354 | $20 | $106 | $1,509 | $126 |
| Avalon Limited | $406 | $640 | $354 | $20 | $106 | $1,551 | $129 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Avalon XL | $224 | $342 | $354 | $20 | $106 | $1,046 | $87 |
| Avalon XLS | $224 | $402 | $354 | $20 | $106 | $1,106 | $92 |
| Avalon Limited | $250 | $402 | $354 | $20 | $106 | $1,132 | $94 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Rate quotes do not factor in specific Miami garaging location which can impact insurance rates substantially.
Based on the figures above, using a $250 deductible costs roughly $33 more each month or $396 every year across all Toyota Avalon models than buying the higher $1,000 deductible. Because you would pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average more than 23 months between claim filings, you would save money by going with a higher deductible. The table below illustrates the way this determination is made.
| Average monthly premium for $250 deductibles: | $124 |
| Average monthly premium for $1,000 deductibles (subtract): | – $91 |
| Monthly savings from raising deductible: | $33 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $33 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 23 months |
One important issue to know is that raising deductibles results in a higher out-of-pocket expense at claim time. You will want to have a higher level of savings in the event you need to pay the deductible for vehicle repair.
Full coverage rates compared to liability-only
The diagram below visualizes the comparison of Toyota Avalon insurance premiums with full physical damage coverage compared to only buying the minimum liability limits required in Florida. The information is based on no accidents, no driving violations, $250 deductibles, drivers are not married, and no discounts are applied to the premium.
Should you pay for full coverage?
There is no specific rule for excluding physical damage insurance, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than around 10% of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.
For example, let’s say your Toyota Avalon settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $4,000 after paying the physical damage deductible. If you are currently paying more than $400 annually for your policy with full coverage, then it might be time to consider dropping full coverage.
There are some cases where buying only liability insurance is not advised. If you have an outstanding loan on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not eliminate full coverage.
Take policy discounts and save on Toyota Avalon insurance in Miami
Buying auto insurance is not cheap, but you may find discounts that can help lower your rates. Certain discounts will be triggered automatically at the time of purchase, but a few need to be specifically requested prior to getting the savings. If you aren’t receiving every discount available, you could be paying more than you need to.
- Policy Bundle Discount – If you have multiple policies with one company you could get a discount of at least 10 to 15 percent or more.
- Active Service Discounts – Being on active duty in the military can result in better prices.
- ABS Braking Discount – Cars and trucks equipped with ABS or steering control can reduce accidents and will save you 10% or more on Avalon insurance in Miami.
- Savings for New Vehicles – Insuring a new Avalon can save up to 30% compared to insuring an older model.
- Passive Restraint Discount – Vehicles equipped with air bags could see savings of 20% or more.
- Low Miles Discount – Driving fewer miles can earn cheaper premium rates.
- Federal Employees – Active or former government employment may qualify for a discount when you quote Miami auto insurance but check with your company.
- Save over 55 – If you’re over the age of 55, you can get better auto insurance rates.
- Professional Organizations – Affiliation with a professional or civic organization is a simple method to lower premiums when getting a Miami auto insurance quote.
- Auto/Life Discount – Select companies reward you with a discount if you purchase life insurance from them.
Don’t be surprised that some credits don’t apply to the entire cost. Most only apply to the price of certain insurance coverages like comprehensive or collision. Despite the fact that it seems like all those discounts means the company will pay you, you aren’t that lucky.
The example below visualizes the comparison of Toyota Avalon car insurance rates with and without discounts applied to the policy rates. The rates are based on a male driver, no claims or driving citations, Florida state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, multi-policy, claim-free, homeowner, and marriage discounts applied.
Some companies that may offer quotes with most of these discounts include:
Before buying, ask each insurance company how you can save money. Some credits may not be available in Miami. If you would like to choose from a list of providers that offer some of these discounts in Miami, follow this link.
Why you need to buy insurance
Even though it can be expensive, insurance is required in Florida but also provides important benefits.
- The majority of states have compulsory liability insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability insurance if you drive a vehicle. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you bought your Toyota Avalon with a loan, most banks will make it mandatory that you have physical damage coverage to guarantee loan repayment. If you do not pay your insurance premiums, the bank will be required to insure your Toyota at a much higher rate and require you to fork over for the much more expensive policy.
- Insurance preserves not only your Toyota Avalon but also your assets. It will also reimburse you for many types of medical costs for not only you but also any passengers injured in an accident. Liability insurance, one of your policy coverages, will also pay to defend you if someone files suit against you as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive coverages will pay to restore your vehicle to like-new condition.
The benefits of having insurance outweigh the cost, especially when you need to use it. But the average American driver is currently overpaying as much as $800 each year so you should quote your policy with other companies each time the policy renews to be sure current rates are still competitive.
Car insurance agents near you
Some people would rather go talk to an agent and that is recommended in a lot of cases Good agents can help you build your policy and help you file claims. An additional benefit of getting free rate quotes online is you can get cheaper car insurance rates but still work with a licensed agent.
Once you complete this short form, your insurance data is instantly submitted to participating agents in Miami that provide free Miami auto insurance quotes for your business. You never need to contact any agents because prices are sent directly to you. In the event you want to get a comparison quote from a specific insurance company, you just need to search and find their rate quote page and fill out the quote form the provide.
Picking a insurance company needs to be determined by more than just the premium amount. These are some questions your agent should answer.
- Has the agent ever had any license suspensions?
- Is vehicle mileage a factor when determining depreciation for repairs?
- Does the company use OEM repair parts?
- What are their preferred companies if they are an independent agency?
- Are claims handled at the agent’s location?
Types of car insurance agents
When searching for local Miami agents, it’s important to understand the different types of agencies and how they differ in how they quote coverages. Insurance agencies in Miami may be either exclusive agents or independent agents. Either one can sell affordable auto insurance policies, but it’s worth learning the difference in how they write coverage since it can affect the kind of agent you use.
Exclusive Agencies
Agents in the exclusive channel write business for a single company and some examples include State Farm, AAA, and Liberty Mutual. They are unable to shop your coverage around so it’s a take it or leave it situation. Exclusive agents are usually quite knowledgeable in insurance sales which aids in selling service over price. Consumers often use the same agent mainly due to loyalty to the company rather than low price.
The following are exclusive agencies in Miami who can help you get comparison quotes.
- Rick Gonzalez – State Farm Insurance Agent
8830 Coral Way – Miami, FL 33165 – (305) 226-3412 – View Map - Gus Figueredo – State Farm Insurance Agent
7950 W Flagler St #103 – Miami, FL 33144 – (305) 262-0440 – View Map - GEICO Insurance Agent
8514 SW 8th St – Miami, FL 33144 – (305) 595-2911 – View Map
Independent Auto Insurance Agents
These type of agents are not employed by any specific company and that gives them the ability to insure through lots of different companies and find you the best rates. If premiums increase, the business is moved internally and the insured can keep the same agent.
If you are comparing auto insurance prices, you definitely need to compare prices from a couple of independent agencies in order to have the best price comparison. They often place coverage with lesser-known insurance companies which can save you money.
Below is a list of independent insurance agents in Miami that can give you comparison quotes.
- Miami Auto Insurance Agency
3132 NW 7th St – Miami, FL 33125 – (305) 649-1800 – View Map - Unbeatable Homeowners Insurance Agency
90 SW 3rd St – Miami, FL 33130 – (239) 689-1025 – View Map - Insurecentro (Insurance Agency)
1701 W Flagler St #220 – Miami, FL 33135 – (305) 302-2236 – View Map
After receiving good answers for all questions you ask in addition to an acceptable price estimate, you may have found an auto insurance agent that can be trusted to properly service your auto insurance policy.