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Looking for cheap car insurance in Miami, Florida? Our team did the legwork to identify the most affordable providers in the city.
Cheapest Car Insurance Companies in Miami
|Cheapest Insurer||Driver Category|
|Liberty Mutual||Safe Drivers|
|USAA||Drivers in the Military|
|Esurance||Drivers Who Pay Their Premiums Upfront|
|Geico||Drivers with a DUI|
FAQs About Cheap Car Insurance in Miami
What Are the Minimum Car Insurance Requirements in Miami?
Florida traffic laws require all motorists in the state to purchase coverage meeting specific amounts. The minimum coverage limits in Miami are as follows:
• $10,000 in Property Damage Liability
• $10,000 in Personal Injury Protection
What Are the Penalties for Driving Without Auto Insurance in Miami?
If you’re nabbed driving with no coverage in the Magic City, there’s no spell that will protect from the steep penalties for violating Florida’s mandatory insurance laws. However, despite rigorous policing, the countless drivers in Miami still risk losing their licenses by operating a car without adequate insurance. According to the Insurance Information Institute, nearly 27% of motorists in Florida do not possess coverage meeting the state’s minimum coverage requirements.
If this is your first offense, your license will be suspended until you have complied with the state’s financial responsibility laws. You will also have to cough up $150 in administrative fees before your driving privileges are restored. For your second, third, or subsequent offense, you will have to pay up to $500 in fees.
State authorities keep tabs on all vehicles registered in the state to ensure motorists are in compliance with local insurance laws. If your coverage lapses for any reason, your insurer is required to report this change to your policy to authorities. If you are flagged as part of this process, authorities will demand to see proof that you possess an auto insurance policy or your license may be suspended for 1 to 3 years.
What Optional Auto Insurance Is Available in Miami?
While a basic policy is designed to protect you against severe financial loss in an accident, it doesn’t cover all damages stemming from a collision. Many drivers choose to purchase additional features to strengthen their existing coverage. In Miami, these optional types of insurance include:
• Comprehensive coverage: covers property damage that is not the result of a collision such as hail damage;
• Towing, labor, and rental car: covers additional travel costs to get home after a collision and tow your vehicle to the mechanics;
• Collision coverage: covers costs of damage to your vehicle in a crash; and
• Underinsured/uninsured motorist protection: covers the cost of repairs for damage resulting from an accident involving an at-fault underinsured or uninsured driver.
What is No-Fault Insurance in Miami?
If you are involved in a collision in Miami, your insurance provider will pay for all or part of your medical bills depending on your deductible. Unlike “fault” insurance, “no fault” coverage kicks in regardless of whether you caused the accident or not.