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Last updated: September 5, 2025Best Cheap Car Insurance in Miami
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.
Cheapest
Editor's Rating:
4.2/5
4.2/5
Average Cost in Miami
- Full Coverage Monthly: $247
- Minimum Coverage Monthly: $67
Best for High-Risk Drivers
Editor's Rating:4.1/5
4.1/5
Average Cost in Miami
- Full Coverage Monthly: $226
- Minimum Coverage Monthly: $72
Best for Safe Drivers
Editor's Rating:4.9/5
4.9/5
Average Cost in Miami
- Full Coverage Monthly: $262
- Minimum Coverage Monthly: $111
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, Allstate and GEICO 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.
Our Top Picks for the Best Cheap Auto Insurance in Miami
- Cheapest Overall: GEICO
- Best for High-Risk Drivers: Travelers
- Best for Safe for Safe Drivers: State Farm
- Best for Customer Satisfaction: Allstate
- Best for Military/Veterans: USAA
Compare the Best Cheap Auto Insurance in Miami
| Company | Full Coverage Annual Avg. | Minimum Coverage Annual Avg. | Florida Customer Satisfaction (J.D. Power) |
|---|---|---|---|
| GEICO | $2,966 | $807 | Above average |
| Travelers | $2,708 | $867 | Below average |
| State Farm | $3,145 | $1,334 | Above average |
| Allstate | $4,290 | $1,606 | Above average |
| USAA | Data unavailable | Data unavailable | Above average |
| Miami | $4,145 | $1,620 | – |
Detailed List of the Best Cheap Providers in Miami
1. GEICO - Cheapest Overall
4.2
Editor's Rating:
- Average Rate for Minimum Coverage
- $46 mo.
- Average Rate for Full Coverage
- $156 mo.
- Cheap rates in Miami
- Top scores for customer satisfaction in Florida
- Easy to get online quotes
Limited agent presence- Doesn't underwrite home insurance
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 (after Travelers). 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 to self-manage policies digitally, rather than working 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.
Miami Pricing
| GEICO | Full Coverage | Minimum Coverage |
|---|---|---|
| Monthly | $247 | $67 |
| Annual | $2,966 | $807 |
| Difference from Miami average | -28% | -49% |
2. Travelers - Best for High-Risk Drivers
4.1
Editor's Rating:
- Average Rate for Minimum Coverage
- $57 mo.
- Average Rate for Full Coverage
- $153 mo.
- Affordable rates for high-risk drivers in Florida
- Wide variety of discounts
- Offers gap coverage
- Average satisfaction scores
- Limited agent density in some regions
Why we chose it
While Travelers scored below average in J.D. Power’s study for claims satisfaction in the nation and customer satisfaction in Florida, it does offer the cheapest rates on average for Florida drivers with a speeding ticket, DUI, or an accident on their record. It’s also the cheapest on average for full coverage for drivers with clean records. Travelers offers extensive coverage options, including gap coverage and roadside assistance, as well as discounts for bundling, safe drivers, and good students.
Who it’s best for
Travelers is a good pick for Miami drivers with a speeding ticket, accident, or DUI on their record. It’s also worth looking into if you’re seeking gap coverage.
Miami Pricing
| Travelers | Full Coverage | Minimum Coverage |
|---|---|---|
| Monthly | $226 | $84 |
| Annual | $2,708 | $1,013 |
| Difference from Miami average | -35% | -36% |
3. State Farm - Best for Safe for Safe Drivers
4.9
Editor's Rating:
- Average Rate for Minimum Coverage
- $54 mo.
- Average Rate for Full Coverage
- $169 mo.
- Numerous discounts
- Good for safe drivers
- Large network of local agents
- Must complete quotes by phone
- No accident forgiveness
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 has 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. Its Drive Safe & Save program, which can save you up to 30 percent off at renewal, makes it a particularly good choice for safe drivers. Note that State Farm does not offer accident forgiveness or standard gap coverage.
Miami Pricing
| State Farm | Full Coverage | Minimum Coverage |
|---|---|---|
| Monthly | $262 | $111 |
| Annual | $3,145 | $1,334 |
| Difference from Miami average | -24% | -16% |
4. Allstate - Best for Customer Satisfaction
4.4
Editor's Rating:
- Average Rate for Minimum Coverage
- $69 mo.
- Average Rate for Full Coverage
- $243 mo.
- #1 for customer satisfaction in Florida
- Personalized service via local Miami agents
- Student discounts
- Telematics needed for best savings
- Mixed claims reviews
Why we chose it
Allstate received top marks in J.D Power’s study for overall customer satisfaction in Florida — tying with GEICO for first place — making it a strong choice for Miami drivers. The company offers a wide variety of coverage options and discounts for bundling, safe driving, students, and vehicle safety features.
Who it’s best for
Allstate is ideal for Miami drivers who value top-tier customer service and don’t mind paying a bit more in exchange for the personalized support of a local agent. It’s also worth looking into if you’re a safe driver or student who can benefit from its discounts.
Miami Pricing
| Allstate | Full Coverage | Minimum Coverage |
|---|---|---|
| Monthly | $358 | $134 |
| Annual | $4,290 | $1,606 |
| Difference from Miami average | +4% | +2% |
5. USAA - Best for Military/Veterans
5
Editor's Rating:
- Average Rate for Minimum Coverage
- $36 mo.
- Average Rate for Full Coverage
- $128 mo.
- Military-specific coverage
- Cheap rates nationally
- Excellent customer service
- Military eligibility required
- Limited to members
- Fewer branch locations
Why we chose it
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. It’s known nationally for its exceptional claims and customer satisfaction. Average rates aren’t available in Miami, so get a quote to see how much you’ll pay.
Who it’s best for
USAA is best for military members, veterans, and their families seeking excellent insurance and customer service. You can qualify for USAA if your parent or spouse is a member.
Miami Best Cheap Picks – Detailed Customer Satisfaction Summary
| Company | J.D. Power Auto Insurance Study – Florida1 | CRASH Network Report Card2 | J.D. Power Claims Satisfaction3 | NAIC Complaint Index4 |
|---|---|---|---|---|
| GEICO | 660 | C- | 692 | .75 |
| Travelers | 620 | C | 684 | 1.99 |
| State Farm | 639 | C- | 710 | 2.13 |
| Allstate | 660 | D | 691 | 4.06 |
| USAA | 735 | D+ | 726 | 2.74 |
| Average | 635 (out of 1,000) | C+ | 697 (out of 1,000) | 1 |
| What the study measures | Customer satisfaction regionally, based on responses from over 40,000 customers | Claims handling and payment practices, based on an annual survey of collision repair shops | Satisfaction with the claims process, based on responses from nearly 10,000 customers who recently filed a claim | Consumer complaints relative to market share. The lower the score, the better |
*USAA technically doesn’t qualify to rank on J.D. Power studies due to its eligibility restrictions.
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 |
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
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, State Farm consistently comes out on top for customer service. It’s a great option for Florida drivers, depending on the rate they’re quoted. For eligible drivers, USAA is another provider with high customer satisfaction scores 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.
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.
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 (for example, $500 annually on a car worth $5,000), but you should carefully consider the financial implications based on your specific situation.
Methodology
At AutoInsurance.com, we evaluate auto insurance providers based on four key factors:
- Price (40%): 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
- PIP: $10,000
- Uninsured and underinsured motorist bodily injury: $50,000 per person/$100,000 per accident
- Comprehensive and collision: $500 deductible
- Claims Handling (25%): A good claims handling process from an auto insurer is prompt, transparent, and efficient, with clear communication throughout, fair evaluation of damages, and timely payment or resolution. We assess claims practices through sources like the CRASH Network Insurer Report Card and J.D. Power’s Claims Satisfaction Report, and financial strength from sources like AM Best and S&P Ratings. Real-life customer experiences are included when available.
- Customer Experience (25%): We evaluate the ease of the customer journey, from getting a quote and purchasing a policy to making changes or accessing documents. We consider the availability and quality of both online and agent interactions, as well as the functionality of the company’s website and mobile app. Our sources include J.D. Power studies, the NAIC complaint index, BBB ratings, and app store reviews.
- Coverage Options (10%): We review each company’s coverage offerings and value providers with options beyond the state required minimums, like accident forgiveness, gap coverage, rideshare coverage, and more.
Read more about our ratings and methodology.
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-studyTop Rated U.S. Car Insurance Companies for 2025. 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, Oct 29).
https://www.jdpower.com/business/press-releases/2024-us-auto-claims-satisfaction-studyResults by Complaint Index. NAIC. (2025).
https://content.naic.org/cis_refined_results.htm?TABLEAU=CIS_COMPLAINTS&COCODE=18988&:refreshCrash Dashboard. FLHSMV. (2025).
https://www.flhsmv.gov/traffic-crash-reports/crash-dashboard/Florida Insurance Requirements. FLHSMV. (2025).
https://www.flhsmv.gov/insurance/
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