Homestead, FL Car Insurance

On average, Homestead drivers pay a monthly average rate of around $163 for their car insurance. To learn more about policy rates and coverage in the Homestead area, continue reading our guide below.
How does Homestead compare to the surrounding area and the rest of Florida? What should residents of Homestead expect to pay for their car insurance? Discover the factors that go into calculating the average cost in our writeups and charts below:  

How much is car insurance in Homestead?

Area Average Monthly Car Insurance Premium
Homestead$163
FL$123
United States$81

Auto insurance policies in Homestead are about $40 a month more expensive than the rest of Florida.

The average cost of insuring your vehicle in Homestead is above the national rate. The cost of auto coverage in Homestead is about $82 more expensive than the national average.

The price you pay may very well be higher or lower than the rates you see, but we can help explain why. Insurance companies weigh a variety of factors when determining how much to charge you for car insurance. 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 payment amount.

Don't worry, we've done the work for you and broken down the average rates for Homestead to help you understand what your monthly premium might be. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP below and find out in just minutes!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$213
25-34$160
35-44$138
45-54$150
55-64$120
65+$130

Generally, the older you are, the more experienced you are on the roads. When it comes to auto insurance rates, that experience pays off. As you can see, 18-24-year-olds pay significantly more than drivers of retirement age.

For every ten years older you get, you can expect to see a drop in your monthly premium. As you get closer to retirement, however, you may see your rates climb back up a bit in Homestead.

Average Car Insurance Rates by Gender

Gender Average
Male$164
Female$163

On average, female drivers pay slightly less than male drivers for car insurance. In Homestead, although women do pay a little bit less on their monthly insurance rates, the price is about the same for either group.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$183
Multiple Accidents$316
1 Ticket$220
Multiple Tickets$161

Your driving record can have a huge impact on your car insurance rates. Those with clean records can expect to pay less than those with infractions. In Homestead, a driving record with a single accident will usually get you a rate around $183 a month. Likewise, drivers with one ticket will be looking at a rate of around $220 a month on average.

Wherever you live, accidents, tickets, and other driving infractions will almost certainly drive up your monthly bill. In order to keep your monthly bill down and get the cheapest car insurance possible, keep your record clean and drive safely.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$162
2-3 Years$178
4-5 Years$211
6-7 Years$146
8-10 Years$188
11-14 Years$146
15 Years or Older$159

The cheapest vehicles to insure in Homestead are typically trucks and vans, with each type typically costing about $140 per month.

Car owners, on the other hand, usually pay around $168 a month, while SUV drivers can expect to pay about $152 per month for auto insurance.

Your vehicle's age has an impact on the cost of your policy as well. Generally, newer vehicles are going to be the most expensive to insure. However, your rates may start to decrease if your car is around 5 years old. The most expensive vehicles to insure in Homestead are vehicles four-to-five years old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$168
Married$134
Divorced$148
Widowed$143

Generally speaking, car insurance is slightly cheaper for married policyholders. This usually boils down to owners having multiple vehicles on the same policy, something some companies will reward with discounts.

In Homestead, the difference in rates based on relationship status can be as much as $34 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$148
Rent$166
Live with parents$229

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 $18 a month more than if you own your own home in Homestead. Those who live with their parents, however, can expect to pay a good deal more than their counterparts who rent or own.

Bundling your home or rental insurance with your auto insurance can oftentimes reduce your car insurance premiums, depending on your insurance company.

Car Insurance Companies in Homestead, FL

Recent trends in car insurance for Homestead 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 Homestead, auto insurance rates decreased from 2017-2019, when they reached a low of $148. This trend leveled out in 2020, when they began to increase, and have continued on that road through the present, where rates finished at $187 a month.

How does Homestead compare to neighboring areas?

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

Car insurance companies will take into account many factors when choosing how much to charge for a policy. While we already mentioned the ones that affect your personal policy, others are influenced by where you live and drive. These include things like:

  • Rate of crime
  • Road Safety (frequency of local car accidents)
  • Laws
  • Off-street parking access
  • Total amount of drivers in the area

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. Knowing 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 Homestead?

While knowing 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.

Good news! Compare.com does all of that work for you. Simply enter your ZIP Code below, answer a few questions, and you'll be comparing the cheapest quotes from numerous car insurance companies providing coverage in Homestead.

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Homestead Insurance FAQs

What factors affect car insurance quotes in Homestead?

The factors that car insurance companies take into account when calculating your monthly cost include things you can't control like your age and gender, but also factors like your vehicle's year, make and model, as well as your driving record, credit score, marital status, and address.

Why is the cost of car insurance in Homestead different from other neighboring cities?

Auto insurance companies consider regional factors, such as local laws, crime rates, and parking situations into account when calculating the monthly rate for coverage. Since these can all vary from city to city the rates you may see can differ from neighboring areas.

Which car insurance company will offer me the cheapest rate in Homestead?

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 Homestead?

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 Homestead 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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