Florida Among Worst States for Vehicle Owners, Hitting Miami-Dade & Broward Hard
Florida has been ranked the eighth-most challenging state for vehicle ownership in the United States, according to a new study by Las Vegas-based personal injury law firm Shook & Stone. The research analyzed costs and risks associated with owning a vehicle across all 50 states, and the Sunshine State’s numbers paint a difficult picture—especially for residents in high-density, high-traffic areas like Miami-Dade and Broward counties.
The study measured three key factors:
• Auto Insurance Expenditures as a Percentage of Median Income
• Fatal Crash Rates per 100,000 Residents
• Auto Repair Costs as a Percentage of Monthly Per Capita Income
Florida earned a vehicle ownership stress score of 73.9 out of 100. The state’s auto insurance costs account for 2.49% of median income, one of the highest burdens nationally (scoring 28.0 out of 30 possible points). Fatal crashes occur at a rate of 14 per 100,000 residents, scoring 24.9 out of 40 for crash risk. On top of that, auto repairs consume 4.17% of monthly per capita income, adding to the overall stress.
Why Miami-Dade and Broward Feel the Pinch
While the report focuses on statewide averages, the reality for South Florida drivers is often more challenging. Miami-Dade and Broward, with their dense urban centers, heavy commuter traffic, and high tourist influx, tend to experience above-average insurance premiums and accident rates.
• Insurance premiums are frequently elevated due to high claim volumes, traffic congestion, and storm-related risks.
• Accident exposure increases with more vehicles on the road and a constant flow of visitors unfamiliar with local driving conditions.
• Repair costs in metropolitan areas like Miami and Fort Lauderdale are often higher due to labor rates and demand for specialized services.
Safety and Financial Strain
The combination of high insurance, elevated accident rates, and costly repairs creates a perfect storm for vehicle owners in South Florida. For many households, these expenses represent a significant share of their monthly budget, limiting funds for savings or other essentials.
A Shook & Stone spokesperson noted:
“Florida presents significant financial and safety challenges for vehicle owners. Improving infrastructure, enhancing driver education, and making insurance more affordable could greatly benefit residents—especially in areas with high traffic density.”
Moving Forward
For Miami-Dade and Broward residents, solutions may include:
– Supporting local and state initiatives that improve traffic flow and road safety.
– Encouraging defensive driving programs to reduce accident rates.
– Advocating for insurance reform that takes regional realities into account.
Until then, South Florida drivers may have to navigate not only the crowded roads but also the steep costs of keeping their vehicles on them.
