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How much is car insurance in Miami Beach?
|Area||Average Monthly Car Insurance Premium|
Looking at the chart above, you can see that the average monthly price is about the same in Miami Beach as it is in the rest of Florida.
Drivers relocating the Miami Beach should take note of the differences in average rates. The average monthly payment in Miami Beach is about $42 more expensive than the rate for the rest of the U.S.
Although these are the average rates for auto insurance in Miami Beach, that doesn't mean it's exactly what you'll pay. There are a variety of factors that insurance companies consider when determining how much to charge you for insurance. Things like age, gender, vehicle make and model, driving record and, in some areas, credit score can all get factored into calculating the amount you'll be asked to pay each month.
But don't worry, we've broken down average rates for Miami Beach residents so that you can get a more accurate idea of what you might pay. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP Code below and find out in just minutes!
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Miami Beach Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
|45-54||Not Enough Data|
The older you are, the more experienced you are on the roads. When it comes to auto insurance rates, that experience pays off. According to the table above, you can see that 18-24-year-olds pay $51 more than drivers 65 and older.
You can expect to see a decrease in your monthly premium drop about once a decade or so. Drivers in Miami Beach may see their rates begin to go back up once they hit retirement age.
Miami Beach Car Insurance Rates by Gender
While women typically pay less than men do for auto insurance, Miami Beach bucks this trend. Female drivers typically pay around $6 more per month for insurance coverage than their male counterparts.
Miami Beach Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your rates can change quite drastically depending on your driving record. A clean driving record will obviously get you a lower rate than one with accidents or infractions. The rate for drivers in Miami Beach with a single accident on their record is about $156 a month. In addition, drivers with a single ticket on their record can expect to pay around $131 a month on average.
Miami Beach Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$109|
|15 Years or Older||$125|
According to the first table above, SUVs are usually the cheapest vehicles to insure in Miami Beach, with drivers paying around $114 per month to insure their vehicle.
Car owners, on the other hand, by and large pay around $125 a month, while truck and van drivers can expect to pay about $122 per month to insure their vehicle.
In addition to vehicle type, you can also expect to see slightly different rates depending on how old your vehicle is. Generally, newer vehicles are going to be the most expensive to insure. Once your car is close to 5 years old, however, you may see your rates begin to drop back down. In Miami Beach, vehicles eight-to-ten years old are the most expensive to insure.
Miami Beach Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$126|
On average, married policyholders will pay slightly less for car insurance. This usually boils down to owners having multiple vehicles on the same policy, something many companies extend special discounts for.
Married couples, on average, pay less than single drivers do to insure their vehicles. This holds true in Miami Beach, with married couples paying about $16 less per month.
Miami Beach Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$151|
One other element taken into consideration is your housing status. Renters can expect to pay around $19 a month more than drivers who own property in Miami Beach. Those who live with their parents, however, can expect to pay a good deal more than their counterparts who rent or own.
Depending on your insurance company, they may offer you a discount if you bundle your home or renters insurance with your auto policy.
Car Insurance Companies in Miami Beach, FL
Recent trends in car insurance for Miami Beach drivers
Car insurance rates are frequently changing, so it's in your best interest to understand which way your area is trending before choosing when and where to shop.
The cost of auto insurance coverage in Miami Beach decreased from 2017-2019, when it hit a low of $106. This pattern changed in 2020, when it began to rise, and has continued to do so through the present, where rates reached a high of $137 a month.
How does Miami Beach compare to neighboring areas?
Why are car insurance rates in Miami Beach different from other areas?
Car insurance companies will take into account a number of factors when figuring out how much to charge for a policy. While we already talked about the ones that affect your personal policy, others are based around where you call home. These include things like:
- Off-street parking availability
- Area laws
- Number of car accidents
- Local crime rates
- Amount of drivers
You can't change these factors yourself, but they're something to take into consideration when shopping for a new policy or looking to move into an area. Different cities and towns will each have different rates, so guides like these are a handy way to learn more.
How can I find the cheapest car insurance in Miami Beach?
While getting familiar with what the average costs are for drivers like you can be helpful as you get an idea of what you might pay, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.
Luckily, Compare.com does all of that work for you. Just type in your ZIP below, answer a few questions, and you'll be comparing the cheapest quotes from a number of the car insurance companies offering policies in Miami Beach.
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Miami Beach Auto 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 you can't control like your gender and age but also factors like your vehicle's year, make and model, plus your address, credit score, marital status, and driving record.
Why is the cost of car insurance in Miami Beach different from other neighboring cities?
Auto insurance companies consider regional factors, such as parking situations, crime rates, and local laws 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?
No one insurance company is guaranteed to offer the cheapest rate across the board. Since companies base their rates on factors that differ from person to person, such as driving record, number of drivers on the policy, vehicle make and model, and many more, it's a good idea to use 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 finding a new job or getting married, you should consider revisiting your current insurance policy. Using services like Compare.com to compare quotes from multiple companies at once is a great way to make sure you're getting the cheapest rate for your new location.
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?
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