There are a few things to know about auto insurance requirements in Miami, FL when searching for a good rate. Not only do you need to consider the state requirements, but you also need to think about the rates you are most likely to find in the city of Miami. You also need to consider whether you need insurance for a personal or commercial vehicle as well as your driving record and even where you park your car at night because these can all affect rates.
Auto Insurance Minimums in Miami, FL
In the state of Florida, there are two elements you need to meet the state minimum requirements for your policy. In addition to the $10,000 minimum of personal injury protection, you also need a minimum of $10,000 in property damage liability. There are other options in insurance that may also be required depending upon your driving record. For instance, while bodily injury liability coverage is an option for most drivers, people who have had accidents or other legal violations may be required to purchase this insurance.
Furthermore, there are other components you can include to make sure you have full coverage. For instance, the minimum rates do not protect your vehicle from acts of nature such as fire or flood damage, nor does it protect from accidents such as a baseball flying through the windshield. For these types of acts, it is necessary to have collision coverage. You may also want to look into medical coverage in case you are liable for injuries to other persons including passengers in your vehicle.
Average Auto Insurance Rates in Miami, FL
There are different factors that can affect the average rates in the city. Miami has some of the most expensive auto insurance rates in the country with an average of more than $2,300. While this is the average, the rate can depend on many factors including the neighborhood in which you live or conduct business. The safety and security features of your vehicle can also affect rates as well as your driving record.
However, there are also other factors you want to consider when trying to get a rate lower than the average. Teenagers and senior citizens usually have higher rates than usual, but teens with good grades can get lower rates. Also, senior citizens who take safe driving classes may be able to get lower rates on their insurance. There are also other factors including only driving your car in town that can help you catch a break on your insurance rates.
How to Compare and Find an Affordable Car Insurance in Miami, FL
There are many ways to compare rates and find affordable insurance in Florida. You can use an insurance broker or agent who knows the auto insurance market well enough to know which company is willing to offer you the lowest rates for your individual circumstances. You can also easily compare rates online to find out where you are most likely to get the lowest auto insurance rates.Auto Insurance Guide - A Toolkit for Consumers
Florida's Department of Financial Services
Florida Insurance Council