Table of contents
How much is car insurance in Lake Worth?
|Area||Average Monthly Car Insurance Premium|
As you can see, car insurance policies across the rest of Florida are about $67 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 around $109 more expensive for coverage in Lake Worth than the average rates seen in the rest of the U.S.
Although these are the average monthly costs for an auto insurance policy in Lake Worth, that doesn't mean it's exactly what you'll pay. There are a number of factors that determine how much insurance companies might charge you to insure your vehicle. 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 done the heavy lifting for you and broken down the average rate for Lake Worth so that you can get a more accurate idea of what you might pay. And if you're not sure if you're getting the cheapest rate for your area, simply enter your ZIP below and find out!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
The longer you've been on the road, the more experienced of a driver you are. That experience can really work in your favor when it comes to auto insurance. According to the table above, you can see that 18-24-year-olds pay two times as much as drivers 65 and older.
You can expect to see your monthly premium drop about once a decade or so. That said, once you hit retirement, your rates may start to rise again in Lake Worth.
Average Car Insurance Rates by Gender
In general, car insurance rates for women are usually cheaper than they are for men. In Lake Worth, this difference shakes out to about $6 a month. As you can see in the table above, male drivers in the area typically pay $192 on average, while female drivers typically pay $186 each month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
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. Drivers in Lake Worth with a single accident will pay around $206 a month. Likewise, drivers with one ticket will be looking at a rate of around $219 a month on average.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$136|
|15 Years or Older||$186|
According to the first table above, the cheapest vehicles to insure in Lake Worth are usually trucks and vans, at $141 per month.
SUV drivers will see rates of about $183, while the rates for car owners average out to about $197 per month.
Your vehicle's age also plays a role in your monthly payment. Generally, the most expensive vehicles to insure are going to be newer ones. Once your car is a few years old, however, your monthly bill may start to dip back down. In Lake Worth, the most expensive vehicles to insure are vehicles eleven-to-fourteen years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$197|
On average, people who are married will pay slightly less to insure their vehicle. This can usually be attributed to their policies having multiple vehicles, a factor some companies will reward with discounts.
On a national scale, married drivers typically pay less than single drivers for auto insurance. Lake Worth is no exception, with the difference totaling to around $30 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$227|
One other element taken into consideration is your housing situation. Renters can expect to pay around $44 a month more than those who own their own home in Lake Worth. 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 average costs, depending on your insurance company.
Car Insurance Companies in Lake Worth, FL
Recent trends in car insurance for Lake Worth 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.
In Lake Worth, the rates for car insurance increased from 2016-2017, when they reached a high of $220. This shifted in 2018, when they began to decrease again. They finished down in 2021, at $167 a month
How does Lake Worth compare to neighboring areas?
Why are car insurance rates in Lake Worth different from other areas?
Car insurance companies will consider several factors when trying to decide how much to charge for a policy. While we already mentioned the ones that affect your personal policy, others are influenced by where you live and drive. These include things like:
- Community regulations
- Road Safety (frequency of local car accidents)
- Access to off-street parking
- Crime rates
- Total number of drivers in the community
Knowing the make-up of these factors can be helpful when deciding on purchasing a new policy or thinking about making a move. 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 Worth?
While understanding what the average costs are for drivers like you can be helpful as you get an idea of what you might end up paying, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.
Good news! 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 the many car insurance companies offering policies in Lake Worth.
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 make and model, year, driving record, credit score, as well as your 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, 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 Worth?
Since the factors that go into calculating your monthly payment vary from person to person, there isn't one company that will always offer the cheapest rate to everybody. You can be confident that you're receiving the best price possible however, by using sites like Compare.com to compare multiple quotes at once.
Do I need to change my insurance if I move to Lake Worth?
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. In fact, you can swap companies at any point, regardless of how much time is left on your current coverage. So, whether you're moving to Lake Worth or just curious about rates in your area, why not take 10 minutes to see if Compare.com can save you money?