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How much is car insurance in Altamonte Springs?
|Area||Average Monthly Car Insurance Premium|
The cost of coverage in Altamonte Springs is about $8 a month cheaper than it is for the rest of Florida.
On the other hand, Altamonte Springs residents will likely pay higher rates to insure their vehicle than in the rest of the country. It's around $34 more expensive to insure your vehicle in Altamonte Springs compared to the average rate for the rest of the U.S.
While these are the average costs to insure your vehicle in Altamonte Springs, keep in mind that you could end up paying a different amount. There are a variety of factors that car insurance companies assess when determining how much to charge you to get your vehicle insured. Age, gender, vehicle make and model, driving record, and in some cases, your credit score, are all factored into assessing the final dollar amount you'll be asked to pay each month.
But don't worry, we've broken down the average rates for Altamonte Springs residents based on several different factors so that you can get a more accurate idea of what you might pay. And if you're not sure that you're paying the lowest option, simply enter your ZIP below and find out!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
It makes sense that older drivers would have more experience behind the wheel. That experience can lead to some serious savings when it comes to car insurance bills. As you can see, 18-24-year-olds pay twice as much as drivers 65 and older.
For every 10 years, you can expect to see a decrease in your monthly premium. That said, once you hit retirement, your rates may climb back up a bit in Altamonte Springs.
Average Car Insurance Rates by Gender
Car insurance rates for women are generally cheaper than they are for men. The difference in Altamonte Springs is about $15 a month. As illustrated in the table above, female drivers in the area pay about $105 on average, while male drivers pay around $120 each month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your rates can change quite drastically depending on your driving record. Those with fewer accidents and tickets will pay much less than those with multiple infractions, while those with clean driving records will obviously pay the least. The rate for drivers in Altamonte Springs with a single accident on their record is about $165 a month. Likewise, if you have one ticket, you'll be looking at an average rate of around $163.
Wherever you live, accidents, tickets, and other driving infractions will almost certainly drive up your monthly bill. Remember, cheap car insurance rates are dependent on driving safely and keeping your record clean.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$104|
|15 Years or Older||$113|
In Altamonte Springs, the cheapest vehicles to insure are by and large SUVs, with drivers paying around $98 per month for auto insurance coverage.
Car owners will see rates of about $121, while truck and van owners usually pay around $101 per month.
In addition to vehicle type, you can also expect to see slightly different rates depending on how old your vehicle is. Newer vehicles are generally going to be the most expensive to insure. However, once your car is a few years old, you might start to see your rates slide back down slightly. The most expensive vehicles to insure in Altamonte Springs are vehicles eight-to-ten years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$109|
Generally speaking, car insurance is slightly cheaper for married policyholders. This usually boils down to owners having multiple vehicles on the same policy, something that will often get you a discount.
According to the table above, the difference in rates based on relationship status in Altamonte Springs can be as much as $31 a month, so it's worth taking into consideration.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$158|
Your living situation is another component of how insurance companies calculate your monthly rate. If you rent your home or apartment, expect to pay around $43 a month more than those who own their own home in Altamonte Springs. Those who live with their parents, however, can expect to pay a lot more.
Bundling your home or rental insurance with your auto insurance can oftentimes reduce your average premiums, depending on your insurance company.
Car Insurance Companies in Altamonte Springs, FL
Recent trends in car insurance for Altamonte Springs drivers
Given that average rates are often changing, it's a smart move to know the direction your area is trending when deciding when and where to shop.
In Altamonte Springs, auto insurance rates rose from 2016-2017, before taking a downward turn from 2018-2020. They finished down in 2021, at $91 a month.
How does Altamonte Springs compare to neighboring areas?
Why are car insurance rates in Altamonte Springs different from other areas?
When considering how much to charge for a monthly rate, car insurance companies will consider a number of factors. While we've discussed the ones that affect your personal policy, others are based around your home address. These include things like:
- Amount of drivers in the area
- Local crime rates
- Access to off-street parking
- Local laws
- Road Safety (frequency of 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. With the knowledge that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your particular neighborhood.
How can I find the cheapest car insurance in Altamonte Springs?
While getting familiar with what the average costs are for drivers like you can be helpful as you get an idea of what you might pay, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.
But wait! Compare.com does all of that work for you. Enter your ZIP Code below, answer a few questions, and you'll be comparing the cheapest quotes from dozens of car insurance companies offering coverage in Altamonte Springs.
Altamonte Springs Insurance FAQs
What factors affect car insurance quotes in Altamonte Springs?
Quotes are calculated by car insurance companies who take multiple factors into consideration, including things you can't control like your age and gender, but also factors like your driving record, credit score, marital status, and address.
Why is the cost of car insurance in Altamonte Springs different from other neighboring cities?
Local laws, crime rates, and parking situations -- all of which can change from city to city -- play a large role in the rates that car insurance companies may charge for coverage.
Which car insurance company will offer me the cheapest rate in Altamonte Springs?
There isn't one company that will offer the cheapest rate to everybody. What companies will charge you are based on many different factors that vary from person to person, such as your driving record, what kind of car you drive, how many drivers will be on your policy, and a number of other factors. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once. That way, you can be confident you're getting the best price.
Do I need to change my insurance if I move to Altamonte Springs?
Whenever you relocate or experience another major life event, such as getting married or finding a new job, you should consider re-evaluating your current insurance policy. By using services like Compare.com to compare quotes from multiple companies at once, you can be sure to capture any new savings brought about by your new situation.
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 Altamonte Springs 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.