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How to Get and Keep Cheap Miami Car Insurance

How to Get and Keep Cheap Miami Car Insurance, The most affordable car insurance in Miami for 2022 - Despite the fact that Florida is one of the most expensive states for car insurance, drivers may still be eligible for the best cheap car insurance companies in Miami. To give you an idea of how much it could cost, the average cost of full coverage car insurance in Miami is $3,713, or about $309 per month. 

The average annual premium for minimum coverage is $1,340. According to Bankrate's 2022 study of quoted annual premiums, Geico, State Farm, and Progressive provide some of the cheapest car insurance in Miami. Knowing what these carriers, as well as others in Miami, have to offer can help you find the most affordable rates in the area.

Best cheap car insurance companies in Miami

According to Quadrant Information Services data, the best car insurance companies in Miami with the lowest average rates are Geico, State Farm, Progressive, Allstate, and National General. Bankrate created the Bankrate Score to help consumers find the best carriers and companies that offer the most important features. 

The Bankrate Score, which is based on a five-point scale, considers each carrier's average annual premiums, third-party rankings in studies such as J.D. Power's 2022 Auto Insurance Study, financial strength scores, discount options, policy offerings, and customer service reviews.

1. State Farm Insurance

State Farm is a well-known insurance company that many Miami drivers rely on for their insurance needs. Despite the fact that State Farm offers lower-than-average car insurance rates in Miami, drivers can save even more by enrolling in its Drive Safe and Save telematics program. 

While State Farm has several online tools and a highly-rated mobile app, it does not provide many options for add-on coverage and has limited discount options.

2. Geico

Geico is frequently one of the cheapest car insurance companies on average, and it offers the lowest average rates in our study for Miami drivers looking for full or minimum coverage. In addition to low average premiums, Geico provides a number of discounts for additional savings. 

Optional extras include emergency roadside assistance, rental reimbursement, and mechanical breakdown insurance. Although it provides some useful extras, those looking for rideshare or gap insurance must look elsewhere.

3. Progressive

Progressive's car insurance policies include options for customizing coverage, such as roadside assistance, custom parts coverage, and rideshare insurance. 

Progressive also offers the Name Your Price Tool, which can assist you in identifying coverage options that fit within your budget. Despite offering a good selection of discounts, its average rates are slightly higher than the Miami average. 

In the J.D. Power auto insurance study, Progressive also ranked last in the Florida region for customer satisfaction.

4. Allstate

In J.D. Power's auto insurance study, Allstate came in second place in Florida for overall customer satisfaction, despite having the lowest Bankrate Score of 4.0 on our Miami list. 

While Allstate's rates in Miami are higher than the national average, it offers a variety of add-on coverage options and discounts, including a disappearing deductible program that reduces your premium by $100 for each claims-free year, up to $500. Increase your deductible to offset the higher premium, as long as you can afford the higher out-of-pocket costs if you are in an accident.

5. National General

National General may be suitable if you only require basic Florida car insurance. Miami drivers may be able to save money with National General's DynamicDrive telematics program, as well as other possible discounts such as bundling home and auto, low mileage, going paperless, and driving safely. 

However, the carrier has the highest average rates on our list and did not make the J.D. Power customer satisfaction ranking in the Florida region.

How to Get and Keep Cheap Miami Car Insurance

Obtaining cheap car insurance in Miami can be difficult, as can maintaining the lowest rates. With the average cost of car insurance in Miami being so high, these tips may assist you in obtaining and maintaining the cheapest car insurance in Miami.

Understand your coverage requirements. Florida, like every other state, has its own insurance requirements. In addition to the minimum coverage types and limits required by law, you may require additional coverage to meet your needs. Working with an insurance agent can assist you in determining the best coverage for you, after which you can compare car insurance quotes from various companies to find the best rates.

Check before you buy. If you're in the market for a new or used car, compare car insurance quotes first. When combined with your car payment, the make and model you choose can have a significant impact on your premiums. You should also think about how much your insurance might cost if you have to switch from minimum to full coverage car insurance.