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How much is car insurance in Largo?
|Area||Average Monthly Car Insurance Premium|
Auto insurance coverage in Largo is about $13 cheaper than it is in the rest of Florida.
That being said residents of Largo might expect to pay higher rates for coverage than the rest of the country. It's about $29 more expensive for coverage in Largo than the average rates for the U.S. as a whole.
The price you pay may very well be higher or lower than the rates you see, but we can help explain why. Insurance companies take in a variety of factors when determining how much to charge you for coverage. Your monthly premium is calculated based on things like age, gender, vehicle make and model, driving record, and in some cases, credit score.
But worry not, we've done the heavy lifting and broken down the average rate for Largo to help you understand what exactly you might be asked to pay. To find out if you're overpaying for your area, just enter your ZIP Code below and find out in minutes!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
|45-54||Not Enough Data|
The longer you've been on the road, the more experienced of a driver you are. That experience can turn into some real savings when it comes to car insurance premiums. As you can see, 18-24-year-olds pay a lot more than someone who is retirement aged.
For every 10 years, you can expect to see a drop in your monthly premium. You may see your rates start to rise again once you hit retirement age in Largo.
Average Car Insurance Rates by Gender
Although women typically pay less than men do for auto insurance, this is not the case in Largo, where female drivers pay around $4 more per month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your driving record can have a tremendous impact on your car insurance rates. Those with fewer accidents and tickets will pay significantly less than those with multiple infractions, while those with clean driving records will obviously pay the least. In Largo, a driving record with a single accident will usually get you a rate around $152 a month. Similarly, drivers with one ticket will typically pay around $213 on average.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$97|
|15 Years or Older||$111|
As you can see in the first table above, the cheapest vehicles to insure in Largo are by and large trucks and vans, which run about $101 per month.
Cars and SUV, on the other hand, usually cost about $111 for insurance.
In addition to vehicle type, you can also expect to see slightly different rates depending on how old your vehicle is. Generally, newer vehicles are going to be the most expensive to insure. Once your car is close to 5 years old, however, your monthly bill may start to dip back down. The most expensive vehicles to insure in Largo are vehicles eleven-to-fourteen years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$110|
More often than not, car insurance is slightly cheaper for married policyholders. This usually happens because companies will offer special discounts to policyholders with multiple vehicles that are on the same policy.
As you can see in the table above, married couples pay about the same rate as single drivers in Largo.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$137|
Another factor taken into consideration is your housing status. If you rent your home or apartment in Largo, expect to pay around $16 a month more than if you own your home. But if you live with your parents, your rates will be significantly higher.
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 Largo, FL
Recent trends in car insurance for Largo 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.
The rates for car insurance in Largo decreased from 2017-2020, before steadying out in 2021. They finished down in 2022, at $74 a month
How does Largo compare to neighboring areas?
Why are car insurance rates in Largo different from other areas?
Car insurance companies look at a lot of factors when they're deciding how much to charge for a policy. Your insurance policy will depend largely on where you park your car and will be influenced by things such as:
- Prevalence of crime
- Off-street parking access
- Number of drivers in the region
- Regional laws
- Road safety
An awareness of these factors is important 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 learn more.
How can I find the cheapest car insurance in Largo?
Arming 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.
But hold on! Compare.com will handle the heavy lifting for you. Just type in your ZIP below, respond to a few questions, and you'll be comparing the cheapest quotes from several of the car insurance companies offering coverage in Largo.
Largo Insurance FAQs
What factors affect car insurance quotes in Largo?
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 vehicle's year, make and model, plus your driving record, credit score, marital status, and address.
Why is the cost of car insurance in Largo different from other neighboring cities?
Your address and the city you live in have a significant impact on how much a car insurance company might charge for your policy. Companies take into consideration things like crime rates, local laws, and parking situations when calculating your quote -- all of which can change from city to city.
Which car insurance company will offer me the cheapest rate in Largo?
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 Largo?
Whenever you relocate or experience another major life event, such as getting married or finding a new job, you should consider re-evaluating your current insurance policy. By using services like Compare.com to compare quotes from multiple companies at once, you can be sure to capture any new savings brought about by your new situation.
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 Largo 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?