Lake City, FL Car Insurance

The average cost for car insurance in Lake City is about $89 a month. Check out our guide below to find out how much you'll pay.
Are rates in Lake City higher or lower than those in neighboring areas? How do they compare to the rest of Florida? What rates should residents of Lake City expect to pay for their car insurance? You can see the cost breakdowns and contributing factors in the charts and writeups below:  

How much is car insurance in Lake City?

Area Average Monthly Car Insurance Premium
Lake City$89
FL$122
United States$80

According to the chart above, the average cost of auto insurance in Florida is about $33 a month more expensive than it is in Lake City.

On the other hand, Lake City residents will likely pay higher rates to insure their vehicle than in the rest of the country. It's about $9 more expensive for coverage in Lake City than the average rates for the U.S. as a whole.

Keep in mind that these are the average auto insurance rates for Lake City, and that the rate you get could end up being something different. Insurance companies take in a variety of factors when determining how much to charge you for your car insurance. Your monthly premium is calculated off of your age, gender, vehicle make and model, driving record, and even your credit score depending on the circumstances.

We've done the heavy lifting for you and broken down the average rate for Lake City so that you can get a more accurate idea of what your policy will cost you. And if you think you might be overpaying for insurance, simply enter your ZIP below to learn more about rates in your area!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$125
25-34$70
35-44$78
45-54$78
55-64$71
65+$69

It makes sense that the older you are, the more experience you have driving, right? That experience can turn into some real savings when it comes to auto insurance rates. As you can see, 18-24-year-olds pay $56 more than drivers 65 and older.

As you get older, you can expect to see a drop in your monthly premium every 10 years. That said, once you hit retirement, your rates may creep back up a bit in Lake City.

Average Car Insurance Rates by Gender

Gender Average
Male$74
Female$95

While women typically pay less than men do for auto insurance, Lake City goes against the grain. Female drivers typically pay around $21 more a month for car insurance than their male counterparts.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$130
Multiple Accidents$94
1 Ticket$104
Multiple TicketsNot Enough Data

One of the biggest factors in determining your car insurance rates is your driving record. Drivers who avoid accidents and tickets will pay much lower rates than those with infractions. The rate for drivers in Lake City with a single accident on their record is about $130 a month. In addition, drivers with a single ticket on their record can expect to pay around $104 a month on average.

Accidents, tickets, and other driving infractions can really hurt your wallet. So, if cheap car insurance is something you're after, drive safely and keep a clean record.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 YearNot Enough Data
2-3 Years$100
4-5 Years$59
6-7 Years$71
8-10 Years$58
11-14 Years$108
15 Years or Older$76

If you look at the first table above, you'll see that trucks and vans are usually the cheapest vehicles to insure in Lake City, with drivers paying around $74 per month for auto insurance coverage.

SUV drivers will see rates of about $79 for auto insurance coverage, while car owners by and large pay around $95 per month.

In addition to vehicle type, you can also expect to see slightly different rates based on your vehicle's age. Generally, the most expensive vehicles to insure are going to be newer ones. However, once your car is about 5 years old you may start to see your rates drop back down a bit. In Lake City, the most expensive vehicles to insure are vehicles eleven-to-fourteen years old and two-to-three years old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$92
Married$81
Divorced$79
Widowed$90

On average, married policyholders will pay slightly less for insurance coverage. This occurs because insurance companies commonly offer special discounts to policyholders with multiple vehicles that are on the same policy.

On a national scale, married drivers typically pay less than single drivers for auto insurance. Lake City is no exception, with the difference totaling to around $11 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$68
Rent$97
Live with parents$171

Your housing situation is another component of how insurance companies calculate your monthly rate. In Lake City, homeowners can expect to pay around $29 a month less than those who rent. Those who live with their parents, however, can expect to pay a lot more.

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

Car Insurance Companies in Lake City, FL

Recent trends in car insurance for Lake City drivers

Since car insurance rates are constantly changing, it's a good idea to know the local trends in your area before choosing an insurance policy.

The cost of auto insurance coverage in Lake City rose from 2016-2018, before leveling out in 2019. Car insurance rates finished down in 2021, at $83 a 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 several factors when figuring out how much individual insurance policies will cost. Where you live will also have a significant impact on your personal policy. This may include things like:

  • Road Safety (total number of local car accidents)
  • Local laws
  • Total drivers
  • Amount of off-street parking
  • Local crime rates

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 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 Lake City?

In the end, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies. Understanding what the average costs are for drivers prior to seeking out a quote can help you understand how closely the quote reflects local trends.

But hold on! Compare.com does all of that work for you. Just punch in your ZIP Code below, answer a few questions related to the factors we outlined above, and you'll be comparing the cheapest quotes from many of the car insurance companies providing policies in Lake City.

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Lake City Insurance FAQs

What factors affect car insurance quotes in Lake City?

Quotes are calculated by car insurance companies who take multiple factors into consideration, including things you can't control like your age and gender, but also factors like your credit score, address, marital status and driving record.

Why is the cost of car insurance in Lake City 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 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?

Whenever you move to a new area, or experience any other major life event such as getting married or finding a new job, it's always a good idea to re-evaluate your current insurance policy. Certain companies may offer larger discounts in certain cities, so it's a smart 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. 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 Lake City 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?

Find your best rate in just a few minutes