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How much is car insurance in Lake City?
|Area||Average Monthly Car Insurance Premium|
Compared to the rest of the Florida, coverage in Lake City is about $36 a month cheaper.
If you're considering relocating to Lake City from out of state, you may want to budget a little extra for your insurance. The cost of insuring a vehicle in Lake City is about $7 more expensive than the average rate for the rest of the U.S.
While these numbers are the average rates for auto insurance in Lake City, that doesn't mean it's what you'll pay. There are a variety of factors that car insurance companies consider to determine how much to charge you to get your vehicle insured. 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.
We've broken down average rates for Lake City to help you understand what your policy's monthly premium will cost. To find out if you're overpaying for your area, just enter your ZIP Code below and find out in minutes!
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Lake City Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
|45-54||Not Enough Data|
The more time you've spent on the road, the more experience you have. When it comes to auto insurance rates, that experience pays off. As you can see, 18-24-year-olds pay $60 more than drivers of retirement age.
You can expect to see your monthly premium drop every 10 years or so. Once you hit retirement age, however, you may see your rates creep back up a bit in Lake City.
Lake City Car Insurance Rates by Gender
Although women typically pay less than men do for auto insurance, this is not the case in Lake City, where female drivers pay around $17 more per month.
Lake City Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Rates can change drastically depending on your driving record. Drivers who avoid accidents and tickets will pay much lower rates than those with infractions. In Lake City, having a single accident on your record will usually get you rates around $126 a month. Likewise, drivers with one ticket will be looking at a rate of around $93 a month on average.
Accidents, tickets, and other driving infractions can cost you some serious cash. In order to keep your monthly bill down and get the cheapest car insurance possible, keep your record clean and drive safely.
Lake City Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$102|
|15 Years or Older||$76|
According to the first table above, the cheapest vehicles to insure in Lake City are by and large trucks and vans, at $74 per month.
Car owners will see a monthly rate of about $94, while SUV owners usually pay around $79 a month.
In addition to vehicle type, you can also expect to see slightly different rates depending on your vehicle's age. Generally, newer vehicles are 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. In Lake City, the most expensive vehicles to insure are vehicles less than or equal to one-year-old and two-to-three years old.
Lake City Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$89|
More often than not, 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.
The difference in rates based on relationship status in Lake City is about $11 a month, with married couples paying less for coverage than single drivers.
Lake City Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$171|
Your housing status is another component of how insurance companies calculate your monthly rate. Renters can expect to pay around $27 a month more than drivers who own property in Lake City. But if you live with your parents, you can expect to pay a lot more.
If you bundle your home or rental insurance and auto insurance policies, you can oftentimes reduce your average costs, depending on your insurance company.
Car Insurance Companies in Lake City, FL
Recent trends in car insurance for Lake City drivers
The average rates for car insurance are constantly changing, so it's a good idea to know the recent trends in your area before shopping for coverage.
In Lake City, car insurance rates had been increasing from 2017-2018, but began to turn downward in 2021. This pattern has continued through 2022 when rates have most recently hit $74 per month.
How does Lake City compare to neighboring areas?
Why are car insurance rates in Lake City different from other areas?
Car insurance companies take in numerous factors when figuring out how much individual insurance policies will cost. While we already talked about the ones that affect your personal policy, others are based around your home address. These include things like:
- Road Safety (frequency of car accidents)
- Off-street parking access
- Area crime rates
- Amount of drivers in the community
- Community regulations
You can't change these factors yourself, but they're something to take into consideration when shopping for a new policy or looking to move into an area. Different towns and cities will all have different average rates, so guides like these are a great place to get started.
How can I find the cheapest car insurance in Lake City?
Arming yourself with information about the average costs for drivers in your area will better prepare you for the real deal. The only way to know for sure what your rate will be is by asking for a quote from car insurance companies.
Luckily, Compare.com can handle all of this for you. Just put in your ZIP below, answer a few questions related to the factors we outlined above, and you'll be quickly comparing the cheapest quotes from dozens of car insurance companies that offer auto coverage in Lake City.
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Lake City Auto Insurance FAQs
What factors affect car insurance quotes in Lake City?
Auto insurance companies take a wide array of factors into consideration when calculating your monthly payment. These include things like your vehicle's year, make and model, your gender and age, as well as your credit score, address, marital status and driving record.
Why is the cost of car insurance in Lake City different from other neighboring cities?
Auto insurance companies consider regional factors, such as crime rates, parking situations, and local laws 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 Lake City?
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 Lake City?
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 Lake City 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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