Lakewood, CA Car Insurance

Compared to their surrounding area, how do rates in Lakewood stack up? What about against the rest of California? What should residents of Lakewood expect to pay for their car insurance? You can see the cost breakdowns and contributing factors in the charts and writeups below:

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How much is car insurance in Lakewood?

Based on the chart above, you can see that the costs for coverage in Lakewood are in line with rates across the rest of California.

When stacked up against the national average, the average monthly policy payment for Lakewood is more affordable. The average monthly payment in Lakewood is about $23 cheaper than the rate for the rest of the United States.

While these are the average costs to insure your vehicle in Lakewood, keep in mind that you could end up paying a different amount. Insurance companies take an array of factors into consideration when determining how much to charge you for your car insurance. Your policy's monthly price is calculated off of your age, gender, vehicle make and model, driving record, and in some cases, your credit score.

But worry not, we've done the heavy lifting and broken down the average rate for Lakewood to help you understand what exactly you might be asked to pay. To find out if you're overpaying for your area, just enter your ZIP Code below and find out in minutes!

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Average Car Insurance Rates by Age

The more time you've spent on the road, the more experience you have. When it comes to auto insurance rates, that experience can help put some change back into your pocket. As you can see, 18-24-year-olds pay $28 more than drivers 65 and older.

For every ten years older you get, you can expect to see a drop in your monthly premium. That said, once you hit retirement age, your rates may creep back up in Lakewood.

Average Car Insurance Rates by Gender

Although women typically pay less than men do to insure their vehicle, this is not the case in Lakewood, where female drivers pay around $61 per month while male drivers pay about $55.

Average Auto Insurance Rates by Driving Record

One of the biggest factors in determining your car insurance rates is your driving record. Drivers who avoid accidents and tickets will pay lower rates than those with infractions. In Lakewood, drivers with one accident on their record will experience rates around $66 a month. Similarly, drivers with one ticket will typically pay around $72 on average.

Accidents, tickets, and other driving infractions can really cost you when it comes to your monthly rate. In order to reduce your monthly bill and get the cheapest car insurance possible, keep your record clean and drive carefully.

Average Insurance Rates by Vehicle

In terms of affordable coverage, the cheapest vehicles to insure in Lakewood are usually trucks and vans, at $52 per month.

SUV drivers will see rates of about $62, while the rates for car owners average out to about $58 per month.

Vehicle age can also affect your monthly bill. Newer vehicles are generally going to be the most expensive to insure. However, once your car is close to 5 years old, you may start to see your monthly premium decrease. In Lakewood, the most expensive vehicles to insure are vehicles four-to-five years old.

Average Car Insurance Rates by Relationship Status

On average, married policyholders will pay slightly less for car insurance coverage. This usually happens because companies will offer special discounts to policyholders with multiple vehicles that are on the same policy.

In Lakewood, the difference in rates based on relationship status can be as much as $13 a month.

Average Car Insurance Rates by Housing Situation

Your living situation is another factor that affects your monthly rate. If you rent your home or apartment, expect to pay around $1 less than homeowners in Lakewood. But those who live at home with their parents can expect to pay significantly more.

Bundling your home or rental insurance and auto insurance policies can oftentimes reduce your average costs, depending on your insurance company.

Car Insurance Companies in Lakewood, CA

Recent trends in car insurance for Lakewood drivers

Car insurance rates are frequently changing, so it's in your best interest to understand which way your area is trending before picking an insurance policy.

The cost of auto insurance in Lakewood decreased from 2017-2020, before steadying out in 2021. Policy premiums finished down in 2022, at $52 a month

How does Lakewood compare to neighboring areas?

Why are car insurance rates in Lakewood different from other areas?

When considering how much to charge for an insurance policy, car insurance companies will evaluate a number of factors. While we've discussed the ones that affect your personal policy, others are based around where you park your car. These include things like:

• Amount of drivers in the community
• Access to off-street parking
• Frequency of car accidents
• Area regulations
• Crime levels

Having an awareness of these factors is critical when thinking about buying a new policy or potentially moving to a new home. 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 Lakewood?

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.

Good news! Compare.com can handle all of this for you. Just put in your ZIP below, answer a few questions about you and your car, and you'll be quickly comparing the cheapest quotes from many of the car insurance companies offering plans in Lakewood.

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Lakewood Insurance FAQs

What factors affect car insurance quotes in Lakewood?

Car insurance companies calculate quotes based on a wide array of factors. These include things 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 Lakewood different from other neighboring cities?

Things like local laws, crime rates, and parking situations, 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 Lakewood?

Since the factors that car insurance companies take into consideration when calculating the rate you might pay differ from person to person, there is no one insurance company that will offer the cheapest rate to everybody. Things like your driving record, the number of drivers on the policy, and vehicle make and model, plus a number of others, are all taken into account. Because of this, 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 Lakewood?

Any major life event, whether it be moving to a new area, finding a new job, getting married, or any other notable event always presents a good opportunity to re-evaluate your current insurance policy. Regardless of your previous rate, there may be cheaper options in your new location, so it's a good 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. 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 Lakewood or just curious about rates in your area, why not take 10 minutes to see if Compare.com can save you money?