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How much is car insurance in Lake Worth?
|Area||Average Monthly Car Insurance Premium|
Car insurance policies across the rest of Florida are about $69 a month cheaper than the rates drivers pay in Lake Worth.
If you're considering relocating to Lake Worth from out of state, you may want to budget a little extra for your insurance. The cost of insuring a vehicle in Lake Worth is about $112 more expensive than the average rate for the rest of the U.S.
While these are the average monthly costs for auto insurance coverage in Lake Worth, you could end up paying something different. There are numerous factors taken into consideration by insurance companies when deciding the rate you'll pay for coverage. Your policy's monthly price is calculated off of your age, gender, vehicle make and model, driving record, and in some cases, your credit score.
But don't worry, we've broken down the average rate for Lake Worth residents based on several different factors so that you can get a more accurate idea of your policy's monthly premium. 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 Worth Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
|45-54||Not Enough Data|
It makes sense that older drivers would have more experience behind the wheel. It also makes sense that the more experienced of a driver you are, the safer you are. As you can see, 18-24-year-olds pay $159 more than drivers of retirement age.
For every ten years older you get, you can expect to see a drop in your monthly premium. Once you hit retirement age, however, you may see your rates creep back up a bit in Lake Worth.
Lake Worth Car Insurance Rates by Gender
Female drivers pay, on average, slightly less than their male counterparts. Male and female drivers in Lake Worth, however, both pay around $192 per month for car insurance.
Lake Worth Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your rates can vary wildly depending on your driving record. 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 $228 a month. In addition, drivers with a single ticket on their record can expect to pay around $189 a month on average.
Wherever you live, accidents, tickets, and other driving infractions will almost certainly drive up your monthly bill. So, if you want the cheapest rates, drive carefully and try to maintain a clean driving record.
Lake Worth Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$163|
|15 Years or Older||$195|
In terms of affordable coverage, the cheapest vehicles to insure in Lake Worth are usually trucks and vans, at $165 per month.
Car owners will see a monthly rate of about $200, while SUV owners by and large pay around $182 a month.
In addition to vehicle type, you can also expect to see slightly different rates based on your vehicle's age. Generally, newer vehicles are going to be the most expensive to insure. However, your rates may start to decrease if your car is a few years old. In Lake Worth, vehicles eleven-to-fourteen years old are the most expensive to insure.
Lake Worth Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$200|
Generally speaking, those who have settled down into marriage will pay slightly less for auto insurance. This can usually be attributed to their policies having multiple vehicles, a factor that will often get you a discount.
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.
Lake Worth Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$221|
Another factor taken into consideration is your housing status. In Lake Worth, homeowners can expect to pay around $53 a month less than those who rent. But if you live with your parents, you can expect to pay a lot more.
That being said, many companies will offer you a discount if you bundle your homeowners or rental insurance policy with your auto insurance.
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 choosing your car insurance policy.
In Lake Worth, the rates for auto insurance decreased from 2017-2019, before rising from 2020-2021. They finished down in 2022 at $156.
How does Lake Worth compare to neighboring areas?
Why are car insurance rates in Lake Worth different from other areas?
There are numerous factors car insurance companies will consider when choosing how much to charge for a monthly rate. Many factors affecting your policy are based around your home address. These factors include things like:
- Total number of drivers
- Regional laws
- Road safety
- Availability of off-street parking
- Area crime rates
While you won't have the ability to change these factors yourself, they can be handy to keep in mind when seeking a new policy or considering 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?
While knowing what the average costs are for drivers like you can be helpful as you get an idea of what you might pay, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.
But wait! Compare.com does all of that work for you. Just enter your ZIP below, answer a few questions about you and your car, and you'll be comparing the cheapest quotes from numerous car insurance companies that offer auto coverage in Lake Worth.
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Lake Worth Auto 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 gender and age, but also factors like your vehicle's year, make and model, plus your marital status, address, credit score, and driving record.
Why is the cost of car insurance in Lake Worth different from other neighboring cities?
Parking situations, crime rates, and local laws -- all of which can change from city to city -- play a large role in the rates that car insurance companies may charge for coverage.
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 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?
Any major life event, whether it be moving to a new area, finding a new job, getting married, or any other notable event always presents a good opportunity to re-evaluate your current insurance policy. Regardless of your previous rate, there may be cheaper options in your new location, so it's a good 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?
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