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How much is car insurance in Florence?
|Area||Average Monthly Car Insurance Premium|
According to the chart above, the rates you'll pay for coverage in Florence are on par with what you would pay anywhere else in Alabama.
Compared to the national average cost of auto insurance coverage, Florence has lower rates. On average, it's about $30 less to insure your vehicle in Florence than it is in the rest of the United States.
Although these are the average car insurance rates in Florence, you could end up paying something different. There are numerous factors taken into consideration by insurance companies when deciding the rate you'll pay for coverage. Things like gender, vehicle make and model, driving record, age and, in some areas, credit score can all affect the bill you'll see each month.
Don't worry, we've done the work for you and broken down average rates for Florence to help you get a more accurate idea of what you'll be charged for your policy. And if you're not sure that you're paying the lowest option, simply enter your ZIP Code below and find out!
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Florence Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
|45-54||Not Enough Data|
It makes sense that older drivers would have more experience behind the wheel, right? That experience can lead to some serious savings when it comes to auto insurance premiums. As you can see, 18-24-year-olds pay significantly more than someone who is retirement aged.
For every 10 years, you can expect to see a drop in your monthly premium. You may see your rates creep back up once you hit retirement age in Florence.
Florence Car Insurance Rates by Gender
Although women typically pay less than men do for auto insurance, this is not the case in Florence, where female drivers pay around $4 more per month.
Florence Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
One of the key factors in determining your car insurance rates is your driving record. Drivers with clean records can expect to pay less than those with accidents or violations. In Florence, having a single accident on your record will usually get you rates around $71 a month. In addition, drivers with one ticket can expect to pay around $59 a month on average.
Regardless of where you live, accidents, tickets, and other driving infractions can drive your monthly bill way up. Remember, cheap car insurance rates are dependent on driving safely and keeping your record clean.
Florence Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$42|
|15 Years or Older||$46|
According to the first table above, trucks and vans are usually the cheapest vehicles to insure in Florence, with drivers paying around $48 per month for insurance coverage.
The cost of auto insurance for car and SUV owners in Florence usually comes out to about $50 a month.
Your rates can also vary depending on how old your vehicle is. Generally, newer vehicles are going to be the most expensive to insure. Once your car is around 5 years old, however, you may see your bill start to shrink a bit. In Florence, the most expensive vehicles to insure are vehicles eleven-to-fourteen years old.
Florence Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$53|
On average, those who have settled down into marriage will pay slightly less for car insurance. This usually happens because companies will award special discounts to policyholders with multiple vehicles that are on the same policy.
In Florence, the difference in rates based on relationship status can be as much as $8 a month.
Florence Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$60|
Another factor that comes into play is your living situation. If you rent your home or apartment, expect to pay around $6 a month more than if you own your own home in Florence. But if you live with your parents, your rates will be significantly higher.
Bundling your home or rental insurance with your auto insurance can oftentimes reduce your average costs, depending on your insurance company.
Car Insurance Companies in Florence, AL
Recent trends in car insurance for Florence drivers
Since average rates are constantly changing, it's a smart move to research the local trends in your area before shopping for coverage.
The cost of car insurance in Florence declined from 2017-2018, but started to rise in 2021. This pattern has continued and car insurance rates reached a high of $54 per month in 2022.
How does Florence compare to neighboring areas?
Why are car insurance rates in Florence different from other areas?
Car insurance companies take in a variety of factors when deciding how much individual insurance policies will cost. While we mentioned the factors that affect your personal policy, others are based around where you live. These include things like:
- Local regulations
- Amount of off-street parking
- Crime levels
- Amount of drivers in the community
- Road Safety (total number of local car accidents)
It's good to be aware of these factors (even though you may not be able to do much to influence them) as you shop for a new policy or consider relocating. Different cities and towns will each have different rates, so guides like these are a handy way to get started.
How can I find the cheapest car insurance in Florence?
Familiarizing yourself with patterns in the average costs of drivers like you will give you a leg up in conversations with insurance companies. Ultimately, the only way to know exactly what your rate will be is by requesting a quote from those car insurance companies.
But wait! Compare.com does all of that work for you. Just type in your ZIP below, answer a few questions on you and your car, and you'll be comparing the cheapest quotes from several of the car insurance companies providing policies in Florence.
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Florence Auto Insurance FAQs
What factors affect car insurance quotes in Florence?
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 address, credit score, driving record and marital status, as well as your vehicle's year and make and model.
Why is the cost of car insurance in Florence different from other neighboring cities?
Things like crime rates, parking situations, and local laws, which are dependent on your address and area you live in, can significantly affect the cost of insurance relative to other cities.
Which car insurance company will offer me the cheapest rate in Florence?
There isn't one company that can guarantee the cheapest rate to everybody, since the rates they charge for coverage are calculated based off of factors that can vary from person to person, such as vehicle make and model, driving record, and number of drivers on the policy. By using sites like Compare.com to compare multiple quotes simultaneously, you can rest assured that you're getting the best price available.
Do I need to change my insurance if I move to Florence?
Whenever you move to a new area, or experience any other major life event such as getting married or finding a new job, it's always a good idea to re-evaluate your current insurance policy. Certain companies may offer larger discounts in certain cities, so it's a smart idea to use services like Compare.com to compare quotes from dozens of companies side-by-side.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No. You can switch companies at any time, regardless of how long is left on your current policy. So, if you've recently moved to Florence or it's been a while since you last compared car insurance rates, you may want to take 10 minutes and see if Compare.com can save you money.
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