Truthfully, the best way to get more affordable auto insurance rates in Miami is to start comparing prices regularly from companies who provide car insurance in Florida.
- Step 1: Spend some time learning about how car insurance works and the steps you can take to prevent expensive coverage. Many things that result in higher prices such as accidents, traffic violations, and a not-so-good credit score can be amended by making minor driving habit or lifestyle changes.
- Step 2: Request rate estimates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from a single company like GEICO or Farmers Insurance, while independent agencies can provide prices from many different companies.
- Step 3: Compare the price quotes to the premium of your current policy and determine if there is any savings. If you find a lower rate quote and switch companies, make sure coverage does not lapse between policies.
- Step 4: Tell your current company of your intent to cancel your existing policy. Submit payment along with a signed and completed policy application to your new insurance company. Immediately upon receiving it, put the proof of insurance certificate with your registration paperwork.
An important note is that you’ll want to make sure you compare the same physical damage deductibles and liability limits on every price quote and to quote with as many car insurance companies as possible. This helps ensure a level playing field and the best rate selection.
Anyone knows that car insurance companies want to prevent you from shopping around. Consumers who compare rates at least once a year will presumably buy a different policy because there is a great chance of finding coverage at a more affordable price. Surprisingly, a recent survey revealed that drivers who compared rates annually saved as much as $70 a month compared to policyholders who never compared other company’s rates.
If finding budget-friendly auto insurance in Miami is why you’re here, learning how to quote prices and compare insurance can help make the process easier.
This information will tell you the best methods to compare rates and also pocket some savings If you have a current car insurance policy, you will definitely be able to find better prices using the following tips. Drivers just have to know how to compare different rates over the internet.
All major auto insurance companies provide insurance quotes on the web. Getting online rates for Jaguar XK insurance in Miami can be done by anyone as you simply enter your personal and coverage information as requested by the quote form. Behind the scenes, their rating system pulls your credit score and driving record and returns a price quote based on the data you entered.
This makes comparing rates easy, and it’s absolutely necessary to compare as many rates as possible if you want to find the most affordable possible premiums on auto insurance.
To save time and find out how much you can save on auto insurance, compare rate quotes from the providers shown below. If you currently have coverage, we recommend you enter the limits and deductibles as close as possible to your current policy. This helps ensure you will be getting a fair comparison based on similar coverages.
The auto insurance companies shown below provide comparison quotes in Miami, FL. If your goal is to find cheap auto insurance in FL, we recommend you click on several of them in order to find the cheapest rates.
Statistics and details
The table shown below covers detailed analysis of insurance prices for Jaguar XK models. Understanding more about how insurance policy rates are calculated is important for drivers to make decisions on which insurance to purchase.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XK Portfolio 2-Dr Coupe | $282 | $692 | $400 | $24 | $120 | $1,518 | $127 |
| XK 2-Dr Coupe | $282 | $692 | $400 | $24 | $120 | $1,518 | $127 |
| XK Portfolio 2-Dr Convertible | $304 | $634 | $472 | $28 | $142 | $1,580 | $132 |
| XK 2-Dr Convertible | $304 | $634 | $472 | $28 | $142 | $1,580 | $132 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Table data does not factor in specific garaging location which can revise auto insurance rates substantially.
An analysis of deductible level
One of the hardest decisions when shopping for auto insurance is which deductible level should you buy. The comparisons below can help you visualize the rate difference when you select higher and lower policy deductibles. The first set of prices uses a $100 comprehensive and collision deductible and the second price table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XK Portfolio 2-Dr Coupe | $590 | $1342 | $354 | $20 | $106 | $2,437 | $203 |
| XK 2-Dr Coupe | $590 | $1342 | $354 | $20 | $106 | $2,437 | $203 |
| XK Portfolio 2-Dr Convertible | $636 | $1226 | $418 | $24 | $124 | $2,453 | $204 |
| XK 2-Dr Convertible | $636 | $1226 | $418 | $24 | $124 | $2,453 | $204 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XK Portfolio 2-Dr Coupe | $328 | $706 | $354 | $20 | $106 | $1,514 | $126 |
| XK 2-Dr Coupe | $328 | $706 | $354 | $20 | $106 | $1,514 | $126 |
| XK Portfolio 2-Dr Convertible | $352 | $646 | $418 | $24 | $124 | $1,564 | $130 |
| XK 2-Dr Convertible | $352 | $646 | $418 | $24 | $124 | $1,564 | $130 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Premium amounts do not factor in garaging location in Miami which can raise or lower insurance rates noticeably.
Based on the figures above, using a $100 deductible will cost you about $76 more each month or $912 each year averaged for all XK models than selecting the higher $1,000 deductible. Because you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you go at a minimum 12 months between claims, you would save money if you elect the higher deductible.
The chart below illustrates how your choice of deductibles and can impact Jaguar XK insurance rates for each different age category. The rate quotes are based on a married female driver, full physical damage coverage, and no discounts are taken into consideration.
Cost of full coverage in Miami
The illustration below compares Jaguar XK premium costs with full physical damage coverage compared to only buying liability only. The premiums assume no claims or driving violations, $500 deductibles, single marital status, and no discounts are taken into consideration.
When to drop comprehensive and collision
There isn’t a steadfast formula that is best for determining when to drop full coverage on your policy, but there is a guideline you can use. If the yearly cost of comp and collision coverage is about 10% or more of replacement cost minus your deductible, then you may need to consider dropping full coverage.
For example, let’s pretend your Jaguar XK book value is $9,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $8,000 after paying the physical damage deductible. If you are currently paying more than $800 annually for full coverage, then it might be time to buy liability only.
There are a few situations where dropping full coverage is not a good idea. If you still owe money on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should keep full coverage on your policy.
Compare rate quotes but buy from a neighborhood Miami auto insurance agent
A small number of people would rather sit down and talk to an agent and that is just fine! Experienced insurance agents can help you build your policy and help in the event of a claim. One of the great benefits of comparing car insurance online is that you can obtain the best rates and still have a local agent. And supporting local agents is especially important in Miami.
To make it easy to find an agent, after completing this quick form, your coverage information is sent to local insurance agents who will give you bids and help you find cheaper coverage. You never need to find an agent because quoted prices will be sent to your email. If you wish to quote rates from a specific company, feel free to jump over to their website and submit a quote form there.
Miami car insurance agents are either independent or exclusive
If you are wanting to find a local insurance agency, you must know there are a couple types of agencies from which to choose. Miami agents can be classified as either exclusive or independent. Either one can insure your vehicles, but it is important to understand how they are different since it can impact buying decisions.
Independent Insurance Agents
Independent agencies do not write with just one company and that is an advantage because they can write policies with a variety of different insurance companies and find the cheapest rate. To move your coverage to a new company, your policy is moved internally and you stay with the same agent. If you are trying to find cheaper rates, we recommend you compare quotes from a couple of independent agencies to maximize your price options. Many can place coverage with mutual insurance companies which could offer lower prices.
Listed below is a small list of independent insurance agencies in Miami that can possibly get you competitive price quotes.
- Exclusive Insurance Agency Inc.
7175 SW 8th St #203 – Miami, FL 33144 – (305) 263-4855 – View Map - Beck and Lo’s Insurance Agency
3636 NW 36th St – Miami, FL 33142 – (305) 634-3306 – View Map - Cari Insurance Agency Inc.
12890 NW 7th Ave – Miami, FL 33168 – (305) 685-0305 – View Map
Exclusive Agents
Exclusive agencies work for only one company and some examples include State Farm, Allstate, or Farmers Insurance. These agents are not able to provide prices from multiple companies so if the price isn’t competitive there isn’t much they can do. These agents are well schooled on sales techniques and that can be a competitive advantage. Some insured continue to buy insurance from these agents partially due to the brand name instead of buying on price only.
Listed below are exclusive insurance agencies in Miami willing to provide price quotes.
- Clark Alvarado – State Farm Insurance Agent
5209 NW 36th St – Miami Springs, FL 33166 – (305) 887-9543 – View Map - Gus Figueredo – State Farm Insurance Agent
7950 W Flagler St #103 – Miami, FL 33144 – (305) 262-0440 – View Map - Allstate Insurance: Eduardo Ferraz
1110 Brickell Ave Ste 105 – Miami, FL 33131 – (305) 379-3666 – View Map
Finding the right insurance agent needs to be determined by more than just the quoted price. Below are some questions you should ask.
- Do they get paid more for recommending certain coverages?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- If they are an independent agency in Miami, which companies do they recommend?
- Does the agency have a good rating with the Better Business Bureau?
- How often do they review coverages?