Table of contents
How much is car insurance in Federal Way?
|Area||Average Monthly Car Insurance Premium|
As you can tell from the chart above, the cost of coverage in Federal Way is about $26 a month more expensive than the rest of Washington.
Likewise, Federal Way residents should prepare to pay higher rates for coverage than the rest of the country. It's about $21 more for coverage in Federal Way than in the rest of the U.S.
Although these are the average monthly costs for an auto insurance policy in Federal Way, that doesn't mean it's exactly what you'll pay. There are a variety of factors that car insurance companies assess when determining how much to charge you to get your vehicle insured. 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 worry, we've done the work for you and broken down average rates for Federal Way to help you get a more accurate idea of what you'll be charged for your policy. 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, right? When it comes to auto insurance rates, that experience pays off. In this case, 18-24-year-olds pay significantly more than drivers 65 and older.
For every ten years older you get, you can expect to see a drop in your monthly premium. Drivers in Federal Way may see their rates begin to increase again once they hit retirement age.
Average Car Insurance Rates by Gender
Female drivers pay, on average, slightly less than their male counterparts. In Federal Way, the difference comes out to about $4 per month. As illustrated in the table above, female drivers in the area pay about $100 on average, while male drivers pay around $104 each month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Rates can change drastically depending on your driving record. Drivers with clean records can expect to pay a lot less than those with accidents or violations. The rate for drivers in Federal Way with a single accident on their record is about $125 a month. Likewise, if you have one ticket, you'll be looking at an average rate of around $108.
Regardless of where you live, accidents, tickets, and other driving infractions can drive your monthly bill way up. In order to reduce your monthly bill and get the cheapest car insurance possible, keep your record clean and drive carefully.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$133|
|15 Years or Older||$92|
According to the first table above, the cheapest vehicles to insure in Federal Way are usually trucks and vans, at $92 per month.
Car owners will see a monthly premium of about $105, while SUV owners typically pay around $96 a month.
You can also expect to see slightly different rates depending on the age of your vehicle. Generally, newer vehicles are going to be the most expensive to insure. Once your car is around 5 years old however, your rates may start to dip back down a bit. In Federal Way, vehicles six-to-seven years old are the most expensive to insure.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$110|
On average, those who are currently married will pay slightly less for car insurance coverage. This occurs because insurance companies commonly offer 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. Federal Way is no exception, with the difference totaling to around $35 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$143|
Your living accommodations is another component of how insurance companies calculate your monthly rate. In Federal Way, homeowners can expect to pay around $3 a month less than those who rent. Those who live with their parents, however, can expect to pay a lot more.
If you bundle your home or rental insurance and auto insurance policies, you can oftentimes reduce your average costs, depending on your insurance company.
Car Insurance Companies in Federal Way, WA
Recent trends in car insurance for Federal Way drivers
Since average rates are constantly changing, it's a smart move to research the local trends in your area before shopping for coverage.
In Federal Way, the rates for auto insurance increased from 2017-2018, but began to turn downward in 2021. This pattern has continued through 2022 when rates have most recently hit $78 per month.
How does Federal Way compare to neighboring areas?
Why are car insurance rates in Federal Way different from other areas?
Car insurance companies will take into account numerous factors when they're choosing how much to charge for a policy. Where you live will also have a significant impact on your personal policy. This may include things like:
- Local laws
- Amount of off-street parking
- Number of drivers in the region
- Number of car accidents
- Area crime rates
It's good to be aware of these factors (even though you may not be able to do much to change them) as you shop for a new policy or consider making a move. With the knowledge that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your particular neighborhood.
How can I find the cheapest car insurance in Federal Way?
In the end, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies. Understanding what the average costs are for drivers prior to seeking out a quote can help you understand how closely the quote reflects local trends.
Luckily, Compare.com can handle all of this for you. Just enter your ZIP below, answer a few questions about your driving profile, and you'll be quickly comparing the cheapest quotes from loads of the car insurance companies that offer auto coverage in Federal Way.
Federal Way Insurance FAQs
What factors affect car insurance quotes in Federal Way?
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 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 Federal Way different from other neighboring cities?
Local laws, parking situations, and crime rates -- 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 Federal Way?
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 Federal Way?
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, you can switch companies at any point, no matter how much time is left on your current policy. If you're thinking about moving to Federal Way or are wondering if you're paying the best rate for your current area, take 10 minutes and visit Compare.com to find out for sure.