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How much is car insurance in Hollywood?
|Area||Average Monthly Car Insurance Premium|
Car insurance policies across the rest of Florida are about $33 a month cheaper than the rates drivers pay in Hollywood.
Compared to the national average cost of auto coverage, Hollywood has higher rates. It's about $76 more expensive than the national average to insure your vehicle in Hollywood.
While these are the average car insurance rates for Hollywood, you could end up paying something different. Insurance companies take in a number of factors when deciding what amount to charge you for insuring your vehicle. Things like age, gender, vehicle make and model, driving record and, in some areas, credit score can all play a part in figuring out your monthly premium.
We've done the heavy lifting for you and broken down the average rate for Hollywood so that you can get a more accurate idea of what your policy will cost you. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP Code below to learn more about rates in your area!
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Hollywood Car Insurance Rates by Age
|Age Range||Average Premium|
|45-54||Not Enough Data|
Generally speaking, the older you are, the more experience you have driving, right? When it comes to car insurance premiums, that experience can really pay off. In this case, 18-24-year-olds pay $93 more than someone who is at retirement age.
You can expect to see your monthly premium drop about once a decade or so. That said, once you hit retirement age, your rates may begin to go back up in Hollywood.
Hollywood Car Insurance Rates by Gender
On average, female drivers pay slightly less for car insurance than their male counterparts. While this isn't true in Hollywood, the difference in monthly rates is minimal.
Hollywood Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your rates can vary wildly depending on your driving record. Drivers with clean records will pay much lower rates than those with accidents or violations. Drivers in Hollywood with a single accident will pay around $198 a month. Similarly, if you have one ticket on your record, you will be looking at an average rate of around $174.
Hollywood Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$154|
|15 Years or Older||$151|
If you look at the first table above, the cheapest vehicles to insure in Hollywood are typically SUVs, at $140 per month.
Car owners can expect to pay an average of around $163 a month for their policy, while truck and van drivers are usually around $141 to insure each month.
Vehicle age also plays a role in your monthly payment. Generally, the most expensive vehicles to insure are going to be newer ones. Once your car is a few years old, however, you may see your bill start to shrink a bit. In Hollywood, the most expensive vehicles to insure are vehicles six-to-seven years old.
Hollywood Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$166|
Generally, car insurance is slightly cheaper for married policyholders. This oftentimes is a result of owning multiple vehicles that are on the same policy, something that will often get you a discount.
At a national level, married drivers usually pay less than single drivers for auto insurance. This holds true for Hollywood as well, where the difference is around $32 a month.
Hollywood Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$182|
Another factor that comes into play is your housing situation. Renters can expect to pay around $34 a month more than homeowners in Hollywood. But if you live with your parents, your rates will be significantly higher.
That said, if you bundle your homeowners or rental insurance policy with your auto insurance, many companies will offer you a discount to make up for it and reduce your car insurance premiums.
Car Insurance Companies in Hollywood, FL
Recent trends in car insurance for Hollywood drivers
Given that average rates are often changing, it's a smart move to know the direction your area is trending when selecting an auto insurance policy.
In Hollywood, the rates for car insurance went up from 2017-2018, when they hit a high of $185. This leveled out in 2019, when rates started to decrease. They reached a low of $136 in 2020, and finished down in 2022, at $162 per month.
How does Hollywood compare to neighboring areas?
Why are car insurance rates in Hollywood different from other areas?
There are numerous factors car insurance companies take into consideration when choosing how much to charge for coverage. The specifics of where you live and drive will have an impact on your personal policy. This might include things like:
- Number of drivers in the region
- Community laws
- Number of car accidents
- Rate of crime
- Access to off-street parking
Knowing the make-up of these factors can be helpful when deciding on purchasing a new policy or thinking about making a move. Get started with a guide like this to get familiar with the average rates of your area.
How can I find the cheapest car insurance in Hollywood?
In the end, the only way to know exactly what your rate will be is to request a quote from a car insurance company.
But hold on! Compare.com does all of that work for you. Just enter your ZIP below, answer a few questions on you and your car, and you'll be comparing the cheapest quotes from the many car insurance companies that offer coverage in Hollywood.
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Hollywood Auto Insurance FAQs
What factors affect car insurance quotes in Hollywood?
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 address, driving record, marital status, credit score, plus your vehicle's year and make and model.
Why is the cost of car insurance in Hollywood different from other neighboring cities?
Car insurance companies take local factors into consideration when determining how much to charge for coverage. Things like parking situations, local laws, and crime rates -- which can vary from city to city -- can significantly affect your rate.
Which car insurance company will offer me the cheapest rate in Hollywood?
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 Hollywood?
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. Regardless of how much time is left on your current policy, you can switch companies at any time. So, whether you're considering moving to Hollywood or just curious if you're getting the best rates, why not take 10 minutes and see if Compare.com can save you some extra cash?
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