This would be a real easy article to write if we could just tell you the one company that is cheapest in Florida. Regrettably, it’s not quite that easy, as there are a ton of unknown aspects such as if you are a homeowner or renter, if you are a good driver, how old you are, and the amount of liability insurance you need, that all influence how much you pay for auto insurance. This article should teach you a little about some of these factors and will hopefully give you a good beginning to your quest for cheaper car insurance in Florida.
Finding reliable, cost effective car insurance is confusing at best, and deciding which companies have the cheapest insurance rates for inexperienced drivers will involve even more perseverance. Every insurance company uses their own formula for determining rates, so we’ll go over the most budget-friendly insurance companies in Florida.
We do need to point out that Florida insurance rates are influenced by many factors which can significantly increase or decrease the cost of a policy. Getting older, having a teenage driver, or getting a few speeding tickets can trigger rate changes that can cause some rates to be higher when they were quite affordable.
Find Cheaper Auto Insurance for Newbies
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $986 |
| 2 | Electric | $1,694 |
| 3 | Amica | $1,694 |
| 4 | Progressive | $1,793 |
| 5 | Travelers | $1,888 |
| 6 | Mercury | $1,914 |
| 7 | Allied | $1,985 |
| 8 | Esurance | $2,020 |
| 9 | State Farm | $2,068 |
| 10 | Auto-Owners | $2,171 |
| 11 | GEICO | $2,172 |
| 12 | 21st Century | $2,373 |
| 13 | Allstate | $2,411 |
| 14 | Windhaven Insurance | $2,627 |
| 15 | MetLife | $2,900 |
| 16 | Hanover | $2,934 |
| 17 | Safeco | $3,016 |
| 18 | Liberty Mutual | $3,039 |
| 19 | United Automobile | $3,527 |
| 20 | Direct General | $3,942 |
| Find Cheaper Rates Go | ||
USAA quotes some of the lowest car insurance rates in Miami at around $986 a year. Electric, Amica, Progressive, and Travelers would also make the list of some of the cheapest Miami, FL insurance companies.
In this example, if you have coverage with Amica and switched to USAA, you may see savings of roughly $708. Drivers with Progressive may save as much as $807 a year, and Travelers customers might see rate reductions of $902 a year.
Bear in mind that those policy prices are averages for all types of drivers and the different vehicles they drive and do not factor in a specific vehicle garaging location for inexperienced drivers. So the car insurance company that has the lowest price for you may not even be in the top 21 companies shown above. That underscores the importance of why you need to get car insurance quotes using your own driver data and vehicle information.
For new drivers, one of the more important factors that are looked at to help calculate car insurance rates is where you keep your car. More populated areas are more likely to pay higher prices, whereas more rural areas have the benefit of cheaper auto insurance prices.
The next table lists the most expensive places in Florida for inexperienced drivers to purchase car insurance in. Miami is ranked at #3 with an annual cost of $3,145 for the average policy, which is around $262 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Hialeah | $3,595 |
| 2 | Miami Gardens | $3,277 |
| 3 | Miami | $3,145 |
| 4 | Miami Beach | $2,923 |
| 5 | Miramar | $2,629 |
| 6 | West Palm Beach | $2,625 |
| 7 | Hollywood | $2,604 |
| 8 | Pompano Beach | $2,595 |
| 9 | Fort Lauderdale | $2,576 |
| 10 | Tampa | $2,558 |
| 11 | Davie | $2,548 |
| 12 | Coral Springs | $2,499 |
| 13 | Pembroke Pines | $2,431 |
| 14 | Brandon | $2,298 |
| 15 | Clearwater | $2,238 |
| 16 | St. Petersburg | $2,219 |
| 17 | Spring Hill | $2,039 |
| 18 | Orlando | $2,029 |
| 19 | Jacksonville | $2,020 |
| 20 | Port St. Lucie | $1,994 |
| Get a Custom Quote Go | ||
Premium costs are approximated as the specific geographic location can lower or raise coverage rates considerably.
The make and model of vehicle that is being insured is a significant factor that determines the availability of low-priced auto insurance for inexperienced drivers. Vehicles with lots of horsepower, poor passenger safety features, or a history of substantial liability claims will cost quite a bit more to insure than safer, lower-performance models. The next table presents auto insurance rates for some of the most budget-friendly automobiles to insure.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 2WD | $2,950 |
| Honda Accord LX-P 4-Dr Sedan | $3,378 |
| Ford Edge SE AWD | $3,417 |
| Volkswagen Jetta 2.0T Station Wagon | $3,448 |
| Chevrolet Equinox LS 2WD | $3,487 |
| Honda CR-V EX 2WD | $3,616 |
| Toyota Prius | $3,733 |
| Hyundai Sonata GLS 4-Dr Sedan | $3,741 |
| Kia Optima LX | $3,746 |
| Jeep Wrangler Unlimited Sahara 4WD 4-Dr | $3,795 |
| Ford F-150 Lariat King Ranch 4WD | $3,803 |
| Nissan Altima 2.5 S 2-Dr Coupe | $3,990 |
| GMC Sierra 2500HD SLE Regular Cab 2WD | $3,997 |
| Ford Fusion S 4-Dr Sedan | $3,994 |
| Toyota RAV4 Limited 4WD | $4,003 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $4,068 |
| Honda Odyssey EX W/Rear Entertainment | $4,193 |
| Hyundai Elantra SE 4-Dr Sedan | $4,204 |
| Jeep Grand Cherokee SRT-8 4WD | $4,278 |
| GMC Sierra SL Crew Cab 4WD | $4,285 |
| Start Your Quote Go | |
Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Premium costs do not factor in vehicle location which can increase or decrease rates substantially.
Looking at the data, makes and models like the Ford Escape, Honda Accord, Ford Edge, Volkswagen Jetta, and Chevrolet Equinox will definitely be the cheaper vehicles to insure for new drivers.
Ratings for Florida insurance companies
Finding a high-quality car insurance provider can be rather challenging considering how many different companies there are to choose from in Florida. The ranking data displayed below may help you decide which auto insurance companies to look at shopping prices with.
The rankings below include companies that insure vehicles across America, so smaller companies that only insure vehicles in Florida are not included in the list. To check rates from these and other companies in Florida, click here.
| 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 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
The chart below illustrates how your choice of deductibles can impact insurance rates when researching cheap insurance for inexperienced drivers. The prices are based on a single female driver, full coverage, and no additional discounts are factored in.
The chart above illustrates that a 50-year-old driver could lower their car insurance rates by $394 a year by increasing from a $100 deductible to a $500 deductible, or save $596 by changing to a $1,000 deductible. Young drivers, like the 20-year-old, could possibly save as much as $1,008 every year by selecting a higher deductible.
If you do make the decision to raise your deductibles, it is essential to have additional funds squirreled away to offset the extra out-of-pocket expense associated with higher deductibles.
The importance of shopping around
Miami insurance rates are impacted by many things which can substantially change the policy price. Simply turning a year older, having a teen driver, or getting a couple of tickets may prompt premium changes resulting in some rates now being much cheaper than others. Not only may things change on your end, but companies change premium rates at least once a year in order to protect their financial rating. Higher than normal claim frequency or severity may result in higher rates, while a profitable period can result in lower-priced Miami car insurance rates.
To help illustrate this point, the chart below shows which companies have the cheapest car insurance in Miami, FL for a 40-year-old female driver with no violations or accidents, and good financial standing. When quoting prices based on her current risk profile, USAA quotes the lowest car insurance rates in Miami at $1,865 each year. This is $583 less than the average policy premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers are the remaining best Miami, FL auto insurance companies.
Now we will give the driver from the above example an accident surcharge, slightly worse credit, and a stop sign violation. Since every car insurance company has a unique formula to determine rates, comparing insurance quotes could result in a different ranking of companies as shown below.
USAA now has the cheapest auto insurance in Miami with Mercury, Esurance, GEICO, and Auto-Owners also having competitive pricing. This illustrates why consumers need to compare lots of rates to find the cheapest insurance rates for inexperienced drivers. Rates can be altered by many risk factors and can decrease or increase without notice, so the most economical option the last time you shopped your coverage around may now be quite expensive.
The Miami, FL, insurance agents below can help you determine which car insurance policy is best, since many consumers aren’t sure which coverage to buy and prefer to get help from a professional when shopping around for cheaper insurance for new drivers. It can be complicated to do it yourself, so agents can give comfort knowing your policy gives you adequate asset protection.
To find an auto insurance agency closest to you, click the button link following the list or click here to compare prices now.
- Miami Auto Insurance Agency
3132 NW 7th St – Miami, FL 33125 – (305) 649-1800 - Beck and Lo’s Insurance Agency
3636 NW 36th St – Miami, FL 33142 – (305) 634-3306 - Estrella Insurance #110
1201 SW 8th St – Miami, FL 33135 – (305) 859-8558
View more Miami, FL insurance agents
Tips for finding economical car insurance for inexperienced drivers
Below you’ll find some thrifty solutions that can help Miami drivers get lower-cost auto insurance.
- Avoid having at-fault accidents
- Try to not file small claims
- Serious violations like DUI or reckless driving can increase rates dramatically
- Vehicles with good safety ratings have lower liability rates
- Clean up your credit
- Compare rates and switch if you can find a better deal
The last idea is incredibly important, as was discussed in this piece. Insurance rates in Miami can change considerably in a year, so drivers shouldn’t be resistant to change insurance companies if a better rate can be found. Sticking with a specific company is fine, but it’s not a great idea if that stubbornness costs you major coinage every year. Now is a great time to compare prices and find cheaper car insurance for inexperienced drivers.