Lake Worth, FL Car Insurance

Drivers in Lake Worth pay, on average, $193 a month for their car insurance. To learn more about car insurance rates in the Lake Worth area, read our guide below.
What rates can residents of Lake Worth expect to pay for their car insurance? How does Lake Worth compare to the surrounding area and the rest of Florida? Discover the factors that go into calculating the average cost in our writeups and charts below:  

How much is car insurance in Lake Worth?

Area Average Monthly Car Insurance Premium
Lake Worth$193
FL$123
United States$81

Car insurance policies across the rest of Florida are about $70 a month cheaper than the rates drivers pay in Lake Worth.

Similarly, the expected monthly payments for an auto insurance policy in Lake Worth are above the national average. It's about $112 more expensive for coverage in Lake Worth than the average rates for the U.S. as a whole.

Bear in mind that while these are the average car insurance rates for Lake Worth, you could end up paying something different. The amount that insurance companies end up charging you is determined by a number of factors. 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.

We've analyzed the average rate for Lake Worth and broken down the different factors to help you understand what your policy's monthly premium will be. And if you're not sure if you're getting the cheapest rate, 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$272
25-34$199
35-44$165
45-54$158
55-64$160
65+$114

It's pretty safe to assume that the older you are, the longer you've been driving. It also makes sense that the more experienced of a driver you are, the safer you are. According to the table above, you can see that 18-24-year-olds pay two times the price that drivers 65 and older.

You can expect to see your monthly premium drop about once a decade or so. Drivers in Lake Worth may see their rates start to rise again once they hit retirement.

Average Car Insurance Rates by Gender

Gender Average
Male$192
Female$195

Car insurance rates for women are generally cheaper than they are for men. In Lake Worth, although men do pay slightly less on their monthly auto coverage, the price is about the same for either group.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$227
Multiple Accidents$321
1 Ticket$189
Multiple Tickets$265

Depending on your driving record, your rates can vary quite a lot. Drivers with clean records can expect to pay much less than those with accidents or violations. In Lake Worth, drivers with one accident on their record will experience rates around $227 a month. Likewise, if you have one ticket, you'll be looking at an average rate of around $189.

Wherever you live, accidents, tickets, and other driving infractions will almost certainly drive up your monthly bill. 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$163
2-3 Years$154
4-5 Years$173
6-7 Years$163
8-10 Years$201
11-14 Years$218
15 Years or Older$194

In terms of affordable coverage, the cheapest vehicles to insure in Lake Worth are usually trucks and vans, at $167 per month.

Car owners can expect to pay an average of around $201 a month for their policy, while SUVs usually cost around $185 a month to insure.

Your rates can also vary depending on the age of your vehicle. Generally, newer vehicles are going to be the most expensive to insure. Once your car is around 5 years old, however, you may see your bill start to shrink a bit. In Lake Worth, vehicles eleven-to-fourteen years old are the most expensive to insure.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$201
Married$168
Divorced$149
Widowed$181

More often than not, those who have settled down into marriage will pay slightly less to insure their vehicle. This usually happens because companies will offer special discounts to policyholders with multiple vehicles that are on the same policy.

The difference in rates based on relationship status in Lake Worth is about $33 a month, with married couples paying less for coverage than single drivers.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$156
Rent$208
Live with parents$221

Another factor taken into consideration is your living accommodations. If you rent your home or apartment, expect to pay around $52 a month more than homeowners in Lake Worth. But those who live at home with their parents can expect to pay significantly more.

Depending on your insurance company, they may offer you a discount if you bundle your home or renters insurance with your auto policy.

Car Insurance Companies in Lake Worth, FL

Recent trends in car insurance for Lake Worth drivers

The average rates for car insurance are constantly changing, so it's a good idea to know the recent trends in your area when deciding when and where to shop.

The rates for auto insurance in Lake Worth had been decreasing from 2017-2019, before increasing from 2020-2021. They finished down in 2022 at $155.

How does Lake Worth compare to neighboring areas?

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

Car insurance companies take in many factors when deciding how much individual insurance policies will cost. The price of your insurance policy will depend largely on where you park your car and will be influenced by things such as:

  • Road Safety (frequency of car accidents)
  • Area regulations
  • Off-street parking accessibility
  • Crime levels
  • Number of drivers in the region

Knowing the make-up of these factors can be helpful when deciding on purchasing a new policy or thinking about making a move. Each area will have different rates. Guides like these are a wonderful place to get started.

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

Familiarizing yourself with patterns in the average costs of drivers like you will give you a leg up in conversations with insurance companies. Ultimately, the only way to know exactly what your rate will be is by requesting a quote from those car insurance companies.

Luckily, Compare.com does all of that work for you. Just type in your ZIP Code below, answer a few questions about you and your car, and you'll be comparing the cheapest quotes from numerous car insurance companies offering plans in Lake Worth.

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Lake Worth Insurance FAQs

What factors affect car insurance quotes in Lake Worth?

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 Lake Worth 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 Worth?

Since the factors that car insurance companies take into consideration when calculating the rate you might pay differ from person to person, there is no one insurance company that will offer the cheapest rate to everybody. Things like your driving record, the number of drivers on the policy, and vehicle make and model, plus a number of others, are all taken into account. Because of this, 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 Worth?

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. 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 Worth 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?

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