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How much is car insurance in Florence?
|Area||Average Monthly Car Insurance Premium|
The cost of coverage in Florence is about $32 a month cheaper than it is for the rest of Kentucky.
That being said drivers in Florence may pay higher rates than the rest of the country. The average monthly payment in Florence is about $22 more expensive than the rate for the rest of the U.S.
Although these are the average car insurance rates in Florence, you could end up paying something different. There are a number of factors that determine how much insurance companies might charge you to insure your vehicle. 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.
We've done the heavy lifting for you and broken down the average rate for Florence 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, simply enter your ZIP below to learn more about rates in your area!
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Florence Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
The older you are, the more experience you're likely to have on the roads, right? When it comes to your monthly premium, that experience can really pay off. In this case, 18-24-year-olds pay $66 more than drivers 65 and older.
Every ten years or so you can expect to see a decline in your monthly premium. Once you hit retirement, however, you may see your rates rise again in Florence.
Florence Car Insurance Rates by Gender
Despite the national trend of women paying less than men for insurance coverage, in Florence men actually pay $94 per month for coverage while women pay $108.
Florence Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Rates can change drastically depending on your driving record. Those with fewer accidents and tickets will pay a lot less than those with multiple infractions, while those with clean driving records will obviously pay the least. Drivers in Florence with a single accident on their record will usually see rates around $133 a month. In addition, drivers with a single ticket on their record can expect to pay around $131 a month on average.
Accidents, tickets, and other driving infractions can really hurt your wallet. That's why it's important to drive safely and keep your record clean so you can keep your rates as low as possible.
Florence Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$86|
|15 Years or Older||$102|
According to the first table above, trucks and vans are usually the cheapest vehicles to insure in Florence, with drivers paying around $92 per month for auto insurance.
Car owners, on the other hand, typically pay around $107 a month, while SUV drivers can expect to pay about $93 per month for insurance coverage.
In addition to vehicle type, you can also expect to see slightly different rates based on your vehicle's age. Generally, the most expensive vehicles to insure are going to be newer ones. Once your car is around 5 years old however, your rates may start to dip back down a bit. In Florence, vehicles four-to-five years old are the most expensive to insure.
Florence Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$108|
Generally, car insurance is slightly cheaper for married policyholders. This usually boils down to owners having multiple vehicles on the same policy, something some companies will reward with discounts.
The difference in rates based on relationship status in Florence can be as much as $13 a month, so it's worth keeping that in mind.
Florence Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$102|
Another factor taken into consideration is your housing status. Renters can expect to pay around $10 a month less than those who own their own home in Florence. But those who live at home with their parents can expect to pay significantly more.
Bundling your home or rental insurance with your auto insurance can oftentimes reduce your overall costs, depending on your insurance company.
Car Insurance Companies in Florence, KY
Recent trends in car insurance for Florence drivers
Car insurance rates are frequently changing, so it's in your best interest to understand which way your area is trending before shopping for coverage.
Auto insurance rates in Florence increased from 2017-2018, before leveling out in 2019. Policy premiums have been increasing again recently, and were up to $104 in 2022.
How does Florence compare to neighboring areas?
Why are car insurance rates in Florence different from other areas?
Car insurance companies take in numerous factors when figuring out how much individual insurance policies will cost. A few of these factors affecting your personal policy have already been mentioned, but others are based around where you park your car. These include things like:
- Off-street parking access
- Prevalence of crime
- Area laws
- Total number of drivers in the region
- Road Safety (total number of local car accidents)
Having an awareness of these factors is critical when thinking about buying a new policy or potentially moving to a new home. 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 Florence?
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.
Luckily, Compare.com can handle all of this for you. Enter your ZIP Code below, answer a few questions on you and your vehicle, and you'll be quickly comparing the cheapest quotes from a bulk of the car insurance companies offering policies in Florence.
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Florence Auto Insurance FAQs
What factors affect car insurance quotes in Florence?
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 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 Florence different from other neighboring cities?
Car insurance companies take local factors into consideration when determining how much to charge for coverage. Things like local laws, crime rates, and parking situations -- which can vary from city to city -- can significantly affect your rate.
Which car insurance company will offer me the cheapest rate in Florence?
There isn't one company that can guarantee the cheapest rate to everybody, since the rates they charge for coverage are calculated based off of factors that can vary from person to person, such as vehicle make and model, driving record, and number of drivers on the policy. By using sites like Compare.com to compare multiple quotes simultaneously, you can rest assured that you're getting the best price available.
Do I need to change my insurance if I move to Florence?
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. 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 Florence 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?
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