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How much is car insurance in Miami Beach?
|Area||Average Monthly Car Insurance Premium|
Based on the chart above, you can see that car insurance rates in Miami Beach are in line with rates across the rest of Florida.
Compared to the national average cost of auto coverage, Miami Beach has higher rates. It's around $39 more expensive to insure your vehicle in Miami Beach compared to the average rate for the rest of the U.S.
The price you pay may very well be higher or lower than the rates you see, but we can help explain why. There are numerous factors taken into consideration by insurance companies when deciding the rate you'll pay to get car insurance. Variables like age, gender, vehicle make and model, driving record, and even credit score (depending on your area) can all be taken into consideration when determining your monthly premium.
Don't sweat it however, we've broken down average rates for Miami Beach residents based on several different factors so that you can get a more accurate idea of your policy's monthly premium. To find out if you're overpaying for your area, just enter your ZIP below and find out in minutes!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
The more time you've spent on the road, the more experience you have. When it comes to auto insurance rates, that experience can help put some change back into your pocket. As you can see, 18-24-year-olds pay a lot more than drivers of retirement age.
For every ten years older you get, you can expect to see a drop in your monthly premium. Drivers in Miami Beach may see their rates begin to increase again once they hit retirement.
Average Car Insurance Rates by Gender
Male drivers pay, on average. slightly more than female drivers for auto insurance. In Miami Beach, male drivers pay about $9 more a month. As you can see in the chart above, car insurance for women in the area typically costs around $112 each month, while men pay $121 on average.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Depending on your driving record, your rates can vary wildly. Drivers who avoid accidents and tickets will pay much lower rates than those with infractions. Drivers in Miami Beach with one accident will pay around $140 a month. Likewise, drivers with one ticket on their record will be looking at an average rate of around $104.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$98|
|15 Years or Older||$122|
According to the first table above, trucks and vans are typically the cheapest vehicles to insure in Miami Beach, with drivers paying around $85 per month for insurance.
Car owners, on the other hand, usually pay around $120 per month, while SUV drivers can expect to pay about $118 a month for insurance coverage.
In addition to vehicle type, you can also expect to see slightly different rates depending on your vehicle's age. Generally, newer vehicles are going to cost the most to insure. However, your rates may start to drop back down once your car is about 5 years old. In Miami Beach, the most expensive vehicles to insure are vehicles eight-to-ten years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$123|
More often than not, car insurance is slightly cheaper for married policyholders. This usually boils down to owners having multiple vehicles on the same policy, something many companies award special discounts for.
In Miami Beach, the difference in rates based on relationship status can be as much as $15 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$151|
Your living accommodations is another factor that affects your monthly rate. If you rent your home or apartment in Miami Beach, expect to pay around $20 a month more than if you own your home. But if you live with your parents, your rates will be significantly higher.
That being said, many companies will offer you a discount if you bundle your homeowners or rental insurance policy with your auto insurance.
Car Insurance Companies in Miami Beach, FL
Recent trends in car insurance for Miami Beach drivers
Since average rates are constantly changing, it's a smart move to research the local trends in your area before picking an insurance policy.
Policy premiums in Miami Beach have been mixed recently. They increased in 2016, declined in 2018, and rose again in 2020, before finishing at $135 in 2021.
How does Miami Beach compare to neighboring areas?
Why are car insurance rates in Miami Beach different from other areas?
When considering how much to charge for coverage, car insurance companies will review several factors. While we mentioned the factors that affect your personal policy, others are based around where you live and drive. These include things like:
- Crime levels
- General road safety (how many accidents each locality has)
- Off-street parking access
- Regional laws
- Total amount of drivers in the community
You'll be hard pressed to change any of these factors yourself, but they're worth considering when thinking about the purchase of a new policy or a move. With the knowledge that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your particular neighborhood.
How can I find the cheapest car insurance in Miami Beach?
Arming yourself with information about the average costs for drivers in your area will better prepare you for the real deal. The only way to know for sure what your rate will be is by asking for a quote from car insurance companies.
Fortunately, Compare.com does all of that work for you. Put in your ZIP Code below, answer a few questions regarding the factors mentioned above, and you'll be comparing the cheapest quotes from numerous car insurance companies offering plans in Miami Beach.
Miami Beach Insurance FAQs
What factors affect car insurance quotes in Miami Beach?
Car insurance companies calculate quotes based on a wide array of factors. These include things like your age and gender, but also factors like your vehicle's year, make and model, plus your driving record, credit score, marital status, and address.
Why is the cost of car insurance in Miami Beach different from other neighboring cities?
Auto insurance companies consider regional factors, such as crime rates, local laws, and parking situations into account when calculating the monthly rate for coverage. Since these can all vary from city to city the rates you may see can differ from neighboring areas.
Which car insurance company will offer me the cheapest rate in Miami Beach?
Since the factors that go into calculating your monthly payment vary from person to person, there isn't one company that will always offer the cheapest rate to everybody. You can be confident that you're receiving the best price possible by using sites like Compare.com to compare multiple quotes at once.
Do I need to change my insurance if I move to Miami Beach?
Whenever you relocate or experience another major life event, such as getting married or finding a new job, you should consider re-evaluating your current insurance policy. By using services like Compare.com to compare quotes from multiple companies at once, you can be sure to capture any new savings brought about by your new situation.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No. In fact, you can swap companies at any point, regardless of how much time is left on your current coverage. So, whether you're moving to Miami Beach or just curious about rates in your area, why not take 10 minutes to see if Compare.com can save you money?