Lake City, FL Car Insurance

Residents of Lake City pay around $87 monthly for their car insurance coverage. For more information refer to our guide below.
How does Lake City stack up to the rest of the area, or even Florida as a whole? What can Lake City residents expect to pay for their car insurance? 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 Lake City?

Area Average Monthly Car Insurance Premium
Lake City$87
FL$123
United States$81

Compared to the rest of the Florida, coverage in Lake City is about $36 a month cheaper.

That being said the expected monthly payments for an auto insurance policy in Lake City are above the national average. It's about $6 more expensive than the national average to insure your vehicle in Lake City.

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. There are a number of factors that determine how much insurance companies might charge you to insure your vehicle. Things like gender, vehicle make and model, driving record, age and, in some areas, credit score can all affect your policy's monthly price.

Don't sweat it however, we've broken down average rates for Lake City residents based on several different factors so that you can get a more accurate idea of the bill you'll see each month. And if you're not sure if you're getting the cheapest rate for your area, simply enter your ZIP Code below and find out!

See what you'll pay in just minutes

Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$123
25-34$70
35-44$78
45-54Not Enough Data
55-64$68
65+$64

Generally speaking, the older you are, the more experience you have driving, right? That experience can lead to some serious savings when it comes to car insurance premiums. In this case, 18-24-year-olds pay significantly 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. As you get closer to retirement age, however, you may see your rates rise again in Lake City.

Average Car Insurance Rates by Gender

Gender Average
Male$74
Female$92

Although women typically pay less than men do to insure their vehicle, this is not the case in Lake City, where female drivers pay around $92 per month while male drivers pay about $74.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$126
Multiple Accidents$94
1 Ticket$94
Multiple Tickets$238

Depending on your driving record, your rates can vary wildly. A clean driving record will get you a lower rate than one with even just a single accident or infraction. In Lake City, a driving record with one accident will usually get you a rate around $126 a month. Likewise, if you have one ticket, you'll be looking at an average rate of around $94.

Accidents, tickets, and other driving infractions can really cost you when it comes to your monthly rate. So, if cheaper car insurance is important to you, keep your record clean and drive safe.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$102
2-3 Years$102
4-5 Years$70
6-7 Years$66
8-10 Years$74
11-14 Years$101
15 Years or Older$75

In terms of affordable coverage, the cheapest vehicles to insure in Lake City are typically trucks and vans, at $74 per month.

SUV drivers will see rates of about $80, while the rates for car owners average out to about $93 per month.

Your vehicle's age also plays a role in your monthly payment. Newer vehicles are generally going to be the most expensive to insure. However, once your car is around 5 years old, you might start to see your rates slide back down slightly. The most expensive vehicles to insure in Lake City are vehicles less than or equal to one-year-old and two-to-three years old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$89
Married$78
Divorced$77
Widowed$90

More often than not, people who are married will pay slightly less for auto insurance. This usually happens because companies will 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$66
Rent$93
Live with parents$171

Another factor taken into consideration is your housing situation. If you rent your home or apartment, expect to pay around $27 a month more than homeowners in Lake City. But if you live with your parents, you can expect to pay a lot 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 overall costs.

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, auto insurance rates went up from 2017-2018, but began to turn downward in 2021. This pattern has continued through 2022 when rates have most recently hit $62.

How does Lake City compare to neighboring areas?

Why are car insurance rates in Lake City different from other areas?

Car insurance companies look at numerous factors when they're choosing how much to charge for a policy. While we mentioned the factors that affect your personal policy, others are based around where you park your car. These include things like:

  • Off-street parking accessibility
  • Community laws
  • Total drivers
  • Road Safety (frequency of local car accidents)
  • Local crime rates

Having an awareness of these factors is critical 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 get started.

How can I find the cheapest car insurance in Lake City?

Equipping 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.

Don't worry, Compare.com does all of that work for you. Put in your ZIP below, answer a few questions, and you'll be comparing the cheapest quotes from loads of the car insurance companies that offer auto coverage in Lake City.

Compare the cheapest quotes from dozens of insurance companies

Lake City Insurance FAQs

What factors affect car insurance quotes in Lake City?

Car insurance companies calculate quotes based on a wide array of factors. These include things like your gender and age, but also factors like your driving record, address, credit score, marital status, as well as your vehicle's year and make and model.

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, local laws, 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 Lake City?

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 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?

Not at all, in fact you can switch companies at any point, regardless of how much time is left on your current policy. If you're thinking about moving to Lake City or haven't checked out the latest rates in your area for some time, it might be worth your while to take 10 minutes and see if Compare.com can save you any cash.

Find your best rate in just a few minutes