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How much is car insurance in Lakeland?
|Area||Average Monthly Car Insurance Premium|
As you can see in the chart above, it is around $10 a month cheaper to insure your vehicle in Lakeland than it is in the rest of Florida.
On the flip side, residents of Lakeland might expect to pay higher rates for coverage than the rest of the country. The cost of auto coverage in Lakeland is about $33 more expensive than the national average.
The price you pay may very well be higher or lower than the rates you see, but we can help explain why. Insurance companies weigh a variety of factors when determining how much to charge you for car insurance. Things like gender, vehicle make and model, driving record, age and, in some areas, credit score can all affect the bill you'll see each month.
Don't sweat it however, we've broken down average rates for Lakeland residents based on several different factors so that you can get a more accurate idea of what it might cost to insure your vehicle. And if you're not sure that you're paying the lowest option, simply enter your ZIP below and find out!
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Lakeland Car Insurance Rates by Age
|Age Range||Average Premium|
The longer you've been on the road, the more experienced of a driver you are. That experience can lead to some serious savings when it comes to auto insurance bills. In this case, 18-24-year-olds pay $62 more than someone who is at retirement age.
You can expect to see your monthly premium drop every 10 years or so. Drivers in Lakeland may see their rates climb back up once they hit retirement.
Lakeland Car Insurance Rates by Gender
Male drivers pay, on average. slightly more than female drivers for auto insurance. In Lakeland, the difference is around $4 a month. As you can see in the table above, male drivers in the area typically pay $115 on average, while female drivers typically pay $111 each month.
Lakeland 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 obviously get you a lower rate than one with accidents or infractions. In Lakeland, drivers with one accident on their record will experience rates around $137 a month. Likewise, drivers with one ticket will be looking at a rate of around $113 a month on average.
Regardless of where you live, accidents, tickets, and other driving infractions can drive your monthly bill way up. That's why it's important to drive safely and keep your record clean so you can keep your rates as low as possible.
Lakeland Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$129|
|15 Years or Older||$113|
In terms of affordable coverage, the cheapest vehicles to insure in Lakeland are typically trucks and vans, at $93 per month.
SUV drivers will see rates of about $107, while the rates for car owners average out to about $120 per month.
In addition to vehicle type, you can also expect to see slightly different rates depending on how old your vehicle is. Newer vehicles are generally going to be the most expensive to insure. However, once your car is a few years old you may start to see your rates drop back down a bit. In Lakeland, the most expensive vehicles to insure are vehicles less than one year old.
Lakeland Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$115|
On average, those who are currently married will pay slightly less for auto insurance. This usually boils down to owners having multiple vehicles on the same policy, something some companies will reward with discounts.
On a national scale, married drivers typically pay less than single drivers for auto insurance. Lakeland is no exception, with the difference totaling to around $11 a month.
Lakeland Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$138|
Your living accommodations is another component of how insurance companies calculate your monthly rate. Homeowners in Lakeland can expect to pay around $13 a month less than those who rent. But if you live with your parents, your rates will be significantly higher.
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 Lakeland, FL
Recent trends in car insurance for Lakeland drivers
Since car insurance rates are constantly changing, it's a good idea to know the local trends in your area before selecting an insurance provider.
In Lakeland, the rates for car insurance went up from 2017-2018, when they reached a high of $136. This trend leveled out in 2021, when they began to decrease, and have continued on that path through the present -- when insurance rates hit a low of $103 a month.
How does Lakeland compare to neighboring areas?
Why are car insurance rates in Lakeland different from other areas?
There are numerous factors car insurance companies will consider when choosing how much to charge for a monthly rate. Your insurance policy will depend largely on your home address and will be influenced by things such as:
- Off-street parking accessibility
- Regional laws
- Road Safety (total number of local car accidents)
- Number of drivers
- Local 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. Get started with a guide like this to get familiar with the average rates of your area.
How can I find the cheapest car insurance in Lakeland?
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.
Don't worry, Compare.com does all of that work for you. Just punch in your ZIP Code below, answer a few questions on you and your vehicle, and you'll be comparing the cheapest quotes from dozens of car insurance companies offering coverage in Lakeland.
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Lakeland Auto Insurance FAQs
What factors affect car insurance quotes in Lakeland?
Car insurance companies calculate quotes based on a wide array of factors. These include things 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 Lakeland different from other neighboring cities?
Auto insurance companies consider regional factors, such as parking situations, local laws, and crime rates 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 Lakeland?
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 Lakeland?
Whenever you relocate or experience another major life event, such as finding a new job or getting married, you should consider revisiting your current insurance policy. Using services like Compare.com to compare quotes from multiple companies at once is a great way to make sure you're getting the cheapest rate for your new location.
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 Lakeland 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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