Homestead, FL Car Insurance

The average monthly cost for car insurance in Homestead is about $160. Check out our guide below to find out how much you'll pay.
What can Homestead residents expect to pay for their car insurance? Are rates in Homestead higher or lower than those in neighboring areas? How do they compare to the rest of Florida? You can find average cost breakdowns based on a wide array of factors in the charts and writeups below:  

How much is car insurance in Homestead?

Area Average Monthly Car Insurance Premium
Homestead$160
FL$122
United States$80

Based on the information in the chart above, you can see that on average, it's about $38 a month more expensive to insure your vehicle in Homestead than it is in the rest of Florida.

Similarly, Homestead residents will likely pay higher rates for their insurance policy than the rest of the country. It's about $80 more expensive than the national average to insure your vehicle in Homestead.

While these are the average car insurance rates for Homestead, you could end up paying something different. Insurance companies weigh a variety of factors when determining how much to charge you to get auto insurance. 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.

Don't worry, we've done the work for you and broken down average rates for Homestead to help you get a more accurate idea of what you'll be charged for your policy. To find out if you're overpaying for your area, just enter your ZIP below and find out in minutes!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$206
25-34$158
35-44$128
45-54$152
55-64$116
65+$133

The older you are, the more experienced you are on the roads. When it comes to car insurance rates, that experience can really pay off. In this case, 18-24-year-olds pay a lot more than someone who is at retirement age.

You can expect to see a decrease in your monthly premium drop about once a decade or so. Once you hit retirement, however, you may see your rates creep back up a bit in Homestead.

Average Car Insurance Rates by Gender

Gender Average
Male$161
Female$158

On average, female drivers pay slightly less for car insurance than their male counterparts. In Homestead, however, the difference in monthly rates for car insurance is minimal.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$178
Multiple Accidents$316
1 TicketNot Enough Data
Multiple Tickets$157

Rates can vary wildly depending on your driving record. Those with clean records can expect to pay much less than those with infractions. In Homestead, a driving record with one accident will usually get you a rate around $178 a month.

Wherever you live, accidents, tickets, and other driving infractions can cost you some serious cash. 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

Vehicle Age Average Monthly Premium
Less Than 1 Year$161
2-3 Years$192
4-5 Years$189
6-7 Years$144
8-10 Years$184
11-14 Years$144
15 Years or Older$154

According to the first table above, trucks and vans are typically the cheapest vehicles to insure in Homestead, with drivers paying around $116 per month for insurance.

Car owners will see a monthly bill of about $164, while SUV owners usually pay around $149 a month.

Depending on your vehicle's age, you can also expect to see slightly different rates. Generally, newer vehicles are going to cost the most to insure. However, once your car is a few years old you may start to see your rates drop back down a bit. 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)$163
Married$134
Divorced$151
Widowed$143

Generally speaking, those who have settled down into marriage will pay slightly less to insure their vehicle. This can usually be attributed to their policies having multiple vehicles, a factor that will often get you a discount.

The cost of auto insurance in Homestead reflects the national trend of married couples paying less than single drivers to insure their vehicles, to the tune of about $29 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$148
Rent$159
Live with parents$237

Another factor taken into consideration is your housing situation. Those who own their own home in Homestead can expect to pay around $11 a month less than those who rent. But those who live at home with their parents can expect to pay significantly more.

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 average costs.

Car Insurance Companies in Homestead, FL

Recent trends in car insurance for Homestead drivers

Given that average rates are often changing, it's a smart move to know the direction your area is trending before shopping for coverage.

Car insurance rates in Homestead have been mixed as of late, they increased in 2016, decreased in 2018, and rose again in 2020, before finishing at $177 in 2021.

How does Homestead compare to neighboring areas?

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

There are numerous factors car insurance companies will consider when choosing how much to charge for a monthly rate. While we've discussed the ones that affect your personal policy, others are based around your home address. These include things like:

  • Regional laws
  • Amount of drivers in the region
  • Availability of off-street parking
  • Rate of crime
  • Road safety

An awareness of these factors is important 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 Homestead?

In the end, the only way to know exactly what your rate will be is to request a quote from a car insurance company.

Fortunately, Compare.com does all of that work for you. Just enter your ZIP Code below, answer a few questions on you and your vehicle, and you'll be comparing the cheapest quotes from numerous car insurance companies offering plans in Homestead.

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Homestead Insurance FAQs

What factors affect car insurance quotes in Homestead?

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 address, driving record, marital status, credit score, plus your vehicle's year and make and model.

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

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

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 Homestead?

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, you can switch companies at any point, no matter how much time is left on your current policy. If you're thinking about moving to Homestead or are wondering if you're paying the best rate for your current area, take 10 minutes and visit Compare.com to find out for sure.

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