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How much is car insurance in Punta Gorda?
|Area||Average Monthly Car Insurance Premium|
Based on the above chart, auto insurance policies in Punta Gorda are about $38 a month cheaper than in the rest of Florida.
On the other hand, drivers in Punta Gorda may pay higher rates than the rest of the country. The cost of insuring a vehicle in Punta Gorda is about $4 more expensive than the average rate for the rest of the U.S.
Keep in mind that while these are the average car insurance rates for Punta Gorda, it isn't guaranteed that it's what you'll pay. The monthly rate that insurance companies end up charging you is determined by a variety of factors. The final dollar amount you'll be asked to pay each month is calculated based on things like age, gender, vehicle make and model, driving record, and in some cases, credit score.
Don't sweat it however, we've broken down average rates for Punta Gorda residents based on several different factors so that you can get a more accurate idea of your policy's monthly premium. If you think you might be overpaying for insurance in your area, enter your ZIP Code below and find out!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
|45-54||Not Enough Data|
Generally, the older you are, the more experienced you are on the roads. That experience can really work in your favor when it comes to auto insurance. In this case, 18-24-year-olds pay two times as much as drivers 65 and older.
For every 10 years, you can expect to see a decrease in your monthly premium. Punta Gorda drivers may see their rates begin to go back up once they hit retirement age.
Average Car Insurance Rates by Gender
Although women typically pay less than men do to insure their car, this is not the case in Punta Gorda, where female drivers pay around $90 per month while male drivers pay about $77.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Depending on your driving record, your rates can vary quite a lot. Drivers with clean records can expect to pay less than those with accidents or violations. In Punta Gorda, a driving record with a single accident will usually get you a rate around $84 a month. Likewise, if you have one ticket, you'll be looking at an average rate of around $93.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$100|
|15 Years or Older||$95|
The most affordable vehicles to insure in Punta Gorda are by and large SUVs, which run about $71 per month.
Truck and van drivers will see rates of about $89 for car insurance, while car owners usually pay around $95 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, your rates may start to decrease if your car is close to 5 years old. In Punta Gorda, vehicles less than one year old are the most expensive to insure.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$89|
Generally speaking, married policyholders will pay slightly less for auto insurance. This occurs because insurance companies commonly award special discounts to policyholders with multiple vehicles that are on the same policy.
On a national scale, single drivers typically pay more than married couples do for auto insurance. Punta Gorda is no exception, with the difference totaling to around $19 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$93|
Your housing situation is another component of how insurance companies calculate your monthly rate. Homeowners in Punta Gorda can expect to pay around $19 a month less than those who rent. But those who live at home with their parents can expect to pay significantly more.
If you bundle your home or rental insurance and auto insurance policies, you can oftentimes reduce your car insurance costs, depending on your insurance company.
Car Insurance Companies in Punta Gorda, FL
Recent trends in car insurance for Punta Gorda drivers
Since car insurance rates are constantly changing, it's a good idea to know the local trends in your area before choosing where to shop.
In Punta Gorda, the rates for car insurance increased from 2017-2018, before steadying out in 2019. Insurance rates rose again, hitting a high of $97 in 2021, and finished down at $55 in 2022.
How does Punta Gorda compare to neighboring areas?
Why are car insurance rates in Punta Gorda different from other areas?
Car insurance companies will take into account numerous factors when deciding how much to charge for a policy. While we mentioned the factors that affect your personal policy, others are based around where you live and drive. These include things like:
- Community regulations
- Crime rates
- Amount of drivers in the area
- Off-street parking availability
- Road Safety (frequency of local car accidents)
You'll be hard pressed to change any of these factors yourself, but they're worth considering when thinking about the purchase of a new policy or a move. Different cities and towns will each have different rates, so guides like these are a handy way to get started.
How can I find the cheapest car insurance in Punta Gorda?
While getting familiar with 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 hold on! Compare.com has you covered. Put in your ZIP below, answer a few questions, and you'll be comparing the cheapest quotes from a number of the car insurance companies providing plans in Punta Gorda in no time.
Punta Gorda Insurance FAQs
What factors affect car insurance quotes in Punta Gorda?
Car insurance companies calculate quotes based on a wide array of factors. These include things you can't control like your gender and age but also factors like your address, credit score, driving record and marital status, as well as your vehicle's year and make and model.
Why is the cost of car insurance in Punta Gorda different from other neighboring cities?
Auto insurance companies consider regional factors, such as parking situations, crime rates, 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 Punta Gorda?
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 Punta Gorda?
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 Punta Gorda or just curious about rates in your area, why not take 10 minutes to see if Compare.com can save you money?