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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 $31 a month cheaper than the rates drivers pay in Hollywood.
Similarly, drivers in Hollywood may pay higher rates than the rest of the country. It's about $73 more expensive for coverage in Hollywood than the average rates for the U.S. as a whole.
Bear in mind that while these are the average car insurance rates for Hollywood, you could end up paying something different. There are a number of factors that determine how much insurance companies might charge you to insure your vehicle. Variables like age, gender, vehicle make and model, driving record, and even credit score (depending on your area) can all be taken into consideration when determining 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 monthly bill might be. And if you're not certain that you're paying the lowest option, simply enter your ZIP below and find out in just minutes!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
It's pretty safe to assume that the older you are, the more experience you have as a driver. That experience can lead to some serious savings when it comes to auto insurance premiums. As you can see, 18-24-year-olds pay $94 more than someone who is retirement aged.
You can expect to see your monthly premium drop every 10 years or so. Once you hit retirement, however, you may see your rates start to rise again in Hollywood.
Average Car Insurance Rates by Gender
In general, female drivers pay less for car insurance than their male counterparts. While female drivers pay slightly less than male drivers on their monthly insurance rates, the difference in Hollywood is only about $1 a month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
One of the biggest factors in determining your car insurance rates is your driving record. Drivers with clean records can expect to pay a lot less than those with accidents or violations. Drivers in Hollywood with one accident will pay around $208 a month. Likewise, drivers with one ticket on their record will be looking at an average rate of around $212.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$154|
|15 Years or Older||$148|
According to the first table above, the cheapest vehicles to insure in Hollywood are usually SUVs, at $133 per month.
Car owners can expect to pay an average of around $158 a month for their policy, while truck and van drivers are usually around $146 to insure each month.
You may also see different rates based on the age of your vehicle. Generally, newer vehicles are going to be the most expensive to insure. However, if your car is a few years old, you can expect to see your rates start dropping back down. In Hollywood, the most expensive vehicles to insure are vehicles six-to-seven years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$163|
Generally, married policyholders will pay slightly less for auto insurance coverage. This oftentimes is a result of owning multiple vehicles that are on the same policy, something some companies will reward with discounts.
At a national level, single drivers usually pay more than married couples do for auto insurance. Hollywood follows that pattern, with the difference totaling to around $32 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$182|
Another factor that comes into play is your housing status. Drivers who own property in Hollywood can expect to pay around $28 a month less than those who rent. But if you live with your parents, you can expect to pay a lot more.
Depending on your insurance company, they may offer you a discount if you bundle your home or renters insurance with your auto policy.
Car Insurance Companies in Hollywood, FL
Recent trends in car insurance for Hollywood drivers
Average rates are constantly changing, so it's a good idea to know the direction your area is trending when choosing when and where to shop.
In Hollywood, car insurance rates had been decreasing from 2016-2017, before leveling out in 2018. Rates decreased again, reaching a low of $136 in 2020, and finishing up at $152.
How does Hollywood compare to neighboring areas?
Why are car insurance rates in Hollywood different from other areas?
Car insurance companies look at a variety of factors when they're figuring out how much to charge for a policy. Where you live will also have a significant impact on your personal policy. This may include things like:
- Amount of drivers in the region
- Community regulations
- Crime rates
- Road Safety (total number of local car accidents)
- Off-street parking access
A decent level of familiarity with these factors can be helpful when you're ready to purchase of a new policy or thinking about making a move. 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 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.
Good news! Compare.com will handle the heavy lifting for you. Simply enter your ZIP Code below, respond to a few questions, and you'll be comparing the cheapest quotes from the many car insurance companies that offer plans in Hollywood.
Hollywood 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 age and gender, but also factors like your vehicle's year, make and model, plus your driving record, credit score, marital status, and address.
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, crime rates, and local laws -- which can vary from city to city -- can significantly affect your rate.
Which car insurance company will offer me the cheapest rate in Hollywood?
No one insurance company is guaranteed to offer the cheapest rate across the board. Since companies base their rates on factors that differ from person to person, such as driving record, number of drivers on the policy, vehicle make and model, and many more, 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?
Any time you experience a major life event, whether it's moving to a new area, getting married, finding a new job, or other notable events, it's always a good idea to re-evaluate your current insurance. Certain companies offer cheaper insurance in certain cities, so even if you were getting the cheapest rate at your old address, it doesn't mean it'll still be the cheapest at your new home. That's why it's always good 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 Hollywood 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.