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Last updated: July 21, 2025
Best Cheap Car Insurance in Miami, Florida
Travelers and GEICO offer the best full coverage and minimum coverage rates in Miami, FL, at $2,708 annually for full coverage and $807 annually for minimum coverage, respectively.
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Key Takeaways
- The average cost of full coverage auto insurance in Miami is $4,145 annually, which is more expensive than the Florida average. Minimum coverage costs an average of $1,580 in the city, which is right around the Florida average.
- Travelers, GEICO, and Mercury have the cheapest auto insurance rates in Miami. When it comes to customer service, Auto-Owners and State Farm have the highest ratings.
- While average rates can provide a sense of what you might pay, the rate you’re quoted will depend on factors specific to you, such as your location, driving history, and more.
Cheapest Full Coverage Car Insurance in Miami
Travelers offers the cheapest rates for full coverage auto insurance in Miami at $2,708 annually on average — that’s 35 percent cheaper than the city average. GEICO and State Farm also offer affordable full coverage rates at $2,966 per year and $3,145 per year, respectively.
| Company | Annual Miami Average | Monthly Miami Average |
|---|---|---|
| Travelers | $2,708 | $226 |
| GEICO | $2,966 | $247 |
| State Farm | $3,145 | $262 |
| Mercury | $3,263 | $272 |
| Allstate | $4,290 | $358 |
| Progressive | $5,295 | $441 |
| Miami average | $4,145 | $345 |
| Florida average | $3,268 | $272 |
| U.S. average | $2,399 | $200 |
Cheapest Minimum Coverage Car Insurance in Miami
GEICO has the most affordable minimum coverage rates in Miami, with an average annual premium of $807. That’s 49 percent below the citywide average. Mercury and Travelers also offer competitive rates for minimum coverage.
| Company | Annual Miami Average | Monthly Miami Average |
|---|---|---|
| GEICO | $807 | $67 |
| Mercury | $867 | $72 |
| Travelers | $1,013 | $84 |
| State Farm | $1,334 | $111 |
| Allstate | $1,606 | $134 |
| Progressive | $1,866 | $156 |
| Miami average | $1,580 | $132 |
| Florida average | $1,589 | $132 |
| U.S. average | $635 | $53 |
Best Cheap Providers in Miami
GEICO and State Farm offer the best combination of affordable rates and great customer service among the Miami providers we looked at.
GEICO
- Why we chose it: GEICO has some of the best auto insurance rates in Miami, offering the cheapest average rate for minimum coverage and the second-cheapest for full coverage. It also tied for first in J.D. Power’s most recent Auto Insurance Study for Florida, indicating that Floridians are happy with the company’s service. It is a digital-first provider, allowing for easy online quotes and purchasing.
- Who it’s best for: GEICO is ideal for drivers looking for cheap rates and who prefer not to work with an agent. It also caters to military personnel and federal employees thanks to specific discounts. Note that GEICO does not offer gap coverage or rideshare coverage.
| Category | GEICO Average | Difference From Miami Average |
|---|---|---|
| Full coverage | $2,966 | -28% |
| Minimum coverage | $721 | -54% |
State Farm
- Why we chose it: State Farm sells insurance via its local agents, facilitating personalized service for policyholders. Its above-average score in J.D. Power’s Auto Insurance Study for the Florida region underscores its commitment to customer satisfaction. In addition, it offers below-average rates in Miami for full and minimum coverage.
- Who it’s best for: State Farm is a great option for those who don’t mind potentially paying a bit more in exchange for excellent customer service and who prefer to work with an agent. Note that State Farm does not offer accident forgiveness or standard gap coverage.
| Category | State Farm average | Difference From Miami Average |
|---|---|---|
| Full coverage | $3,145 | -24% |
| Minimum coverage | $1,334 | -16% |
Miami Best Cheap Picks — Customer Satisfaction Summary
| Report | What it measures | GEICO Score | State Farm Score |
|---|---|---|---|
| J.D. Power Auto Insurance Study – Florida region1 | Customer satisfaction regionally, based on responses from over 40,000 customers | 660 out of 1,000 – 25 points above average | 639 out of 1,000 – 4 points above average |
| CRASH Network Insurer Report Card2 | Claims handling and payment practices, based on an annual survey of collision repair shops | C- | C- |
| J.D. Power Claims Satisfaction Study3 | Satisfaction with the claims process, based on responses from nearly 10,000 customers who recently filed a claim | 692 out of 1,000 – 5 points below average | 710 out of 1,000 – 13 points above average |
| NAIC Complaint Index | Consumer complaints relative to market share. The lower the score, the better — 1 is considered average. | 0.75 | 2.13 |
Honorable mentions
Auto-Owners
Auto-Owners earned a B rating from the CRASH Network — an independent survey of collision repair shops — indicating solid claims practices. It also receives fewer customer complaints than average, according to the NAIC.4 Pricing data for Miami was not available, so we recommend getting a quote from Auto-Owners to compare its rate to other providers.
USAA
While USAA technically doesn’t qualify to rank due to its eligibility restrictions, it received the highest score by far on J.D. Power’s customer satisfaction survey in Florida. Average rates aren’t available in Miami, so get a quote to see how much you’ll pay.
How Many Car Accidents Happen in Miami?
According to the Florida Department of Highway Safety and Motor Vehicles, there were 59,975 car accidents in Miami-Dade County, which includes the city of Miami, in 2024.5 Of those accidents, 271 were fatal and 19,626 involved injuries. There were a total of 19 bicycle fatalities, 65 motorcycle fatalities, and 76 pedestrian fatalities.
Minimum Auto Insurance Requirements in Florida
Car insurance is legally mandated in Florida, like in most states, though the minimum coverage is quite basic. Drivers in the Sunshine State must carry at least the following coverages:
- Property damage liability: $10,000 per accident
- Personal injury protection: $10,000 per person6
Florida is one of the only states that doesn’t require bodily injury liability, but it’s a good idea to add it to your policy — along with comprehensive and collision coverage — for added financial protection.
GOOD TO KNOW:
Florida is a no-fault state, which means that each driver involved in an accident is responsible for paying for their own injuries regardless of fault. This is why the state requires that auto insurance policies include personal injury protection coverage.
FAQs
Who is the best auto insurer in Florida?
There is no single best auto insurer in Florida for every driver, as rates and customer experience can vary based on numerous factors, and the definition of “best” is somewhat subjective. However, when taking into account several industry studies and metrics, Auto-Owners consistently comes out on top for customer service. It’s a great option for Florida drivers, depending on the rate they’re quoted. State Farm is another provider with low average rates and high customer satisfaction scores in Florida.
What is the low-income car insurance in Florida?
There is no government-sponsored low-income car insurance in Florida like there is in certain other states. Low-income drivers can lower their car insurance costs by looking for discounts, lowering their coverages, and increasing their deductibles.
Is it better to have a $500 or $1000 deductible?
In most cases, you want to avoid filing claims under $1,000 due to premium increases — so if you can afford it, a $1,000 deductible is generally better.
A lower deductible translates to a higher premium, so if your priority is paying the lowest possible premium, you should opt for a higher deductible. However, that means you’ll be on the hook for a larger out-of-pocket expense if you need to file a claim. Having a lower deductible (or no deductible) prevents you from having to pay a large amount at once.
Ultimately, whether it’s better to have a $500 or $1,000 deductible depends on several factors — there’s no right or wrong answer. Consider your financial situation and preferences before deciding on your deductible amount.
At what point is car insurance not worth it?
Some amount of car insurance is always required by law in Florida — as long as you own a car, you’ll need at least property damage liability and PIP coverage. If you choose to add full coverage to your policy, it may not be worth paying for it anymore once your car loses enough value. Experts generally recommend dropping full coverage once the premium payment reaches about 10 percent of the car’s value, but you should carefully consider the financial implications based on your specific situation.
Methodology
We analyzed average premiums for full and minimum coverage in Miami, Florida, for good drivers with good credit. Full coverage averages use the following limits:
- Bodily injury liability: $100,000 per person/$300,000 per accident
- Property damage liability: $100,000 per accident
- Uninsured and underinsured motorist bodily injury: $50,000 per person/$100,000 per accident
- Comprehensive and collision: $500 deductible
We assess customer satisfaction and claims practices through third-party sources such as J.D. Power, CRASH Network, and the National Association of Insurance Commissioners (NAIC).
Managing Editor & Industry Analyst
Maya Afilalo holds over 10 years of professional experience in writing, communications, and research, which she leverages to provide accurate and reliable information to empower consumers. In addition to overseeing content production, Maya has herself written many articles on auto insurance costs, company comparisons, state laws and requirements, and other topics. She is committed to helping consumers navigate the complex world of car insurance with clarity and confidence. Maya holds a bachelor’s degree from the University of Pennsylvania and a master’s from North Carolina State University.
Citations
It’s Now a Buyer’s Market for Auto Insurance, J.D. Power Finds. J.D. Power. (2025, June 10).
https://www.jdpower.com/business/press-releases/2025-us-auto-insurance-study2025 Insurer Report Card. CRASH Network. (2025).
https://www.crashnetwork.com/irc/Auto Insurance Repair Cycle Times Improve but Price Increases Take a Toll, J.D. Power Finds. J.D. Power. (2024, October 29).
https://www.jdpower.com/business/press-releases/2024-us-auto-claims-satisfaction-studyConsumer Insurance Search Results. NAIC. (2025).
https://content.naic.org/cis_refined_results.htm?TABLEAU=CIS_COMPLAINTS&COCODE=18988&:refreshCrash Dashboard. Florida Department of Highway Safety and Motor Vehicles. (2025).
https://www.flhsmv.gov/traffic-crash-reports/crash-dashboard/Florida Insurance Requirements. Florida Department of Highway Safety and Motor Vehicles. (2025).
https://www.flhsmv.gov/insurance/
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