The average cost of car insurance in Fort Lauderdale is $232 per month. Read on for more information on how insurance premiums are determined.
The typical Fort Lauderdale driver pays $2,786 per year for car insurance. That's more than the statewide average in Florida ($2,309) and more expensive than the national average of $1,548. Keep reading to learn more about how much you can expect to pay based on your marital status, age, credit score, and other common factors in Fort Lauderdale.
|Fort Lauderdale Average (annual)||Florida Average||United States Average|
The best way to save on auto insurance is to compare rates from as many companies as possible, selecting the provider from which you receive the most affordable quote. In Fort Lauderdale, State Farm provides the most affordable rates for the typical insurance customer. See below the best options for affordable auto insurance in Fort Lauderdale. Don't forget to get car insurance quotes based on your driving profile.
|Company||Average Yearly Rate|
Fort Lauderdale drivers in their 50s enjoy relatively affordable auto insurance rates, paying just $2,545 per year, on average. Those in their 60s don't pay much more ($2,602).
Teen drivers pay Fort Lauderdale's most expensive auto insurance rates. One of the easiest ways to lower your car insurance rates as a driver in Fort Lauderdale is to age out of your teenage years. The difference in rates paid by teenage drivers and drivers in their 20s in Fort Lauderdale is $4,428, the largest such difference between any two age groups.
|Age group||Average Annual Rate|
In some cases, a driver's marital status and gender may affect the auto insurance rates they pay. Married drivers in Fort Lauderdale pay $110 less than single drivers for car insurance. Married drivers pay less for car insurance than do single drivers in many locations. Rates for those who are widowed are also much cheaper than rates for those who are single. Interestingly enough, in Fort Lauderdale, widowed drivers pay less than those who are single.
Gender is another factor that can influence auto insurance rates. In Fort Lauderdale, female drivers pay $66 per year more than do male drivers for car insurance.
|Gender/Marital Status||Average Annual Rate|
Maintaining a clean driving record is an effective way to minimize your auto insurance costs. At-fault collisions, DWIs, citations for reckless driving, and speeding tickets each contribute to increases in car insurance rates. Insurance companies reward low-risk drivers with the gift of low rates.
Two of the most expensive driving violations from an insurance perspective are reckless driving and DUI. In Fort Lauderdale, a reckless driving citation results in an average insurance rate increase of $1,538 per year, compared to the citywide average. For comparison's sake, a DUI offense results in a $1,400 increase, and a speeding ticket triggers a $752 rate hike.
|Incident/Violation||Average Yearly Rate|
|At-fault Accident (damages less than $1,000)||$3,872|
|At-fault Accident (damages > $2,000)||$3,872|
|Speeding Ticket (16-20 mph over speed limit)||$3,538|
An important insurance rating factor is credit. Drivers with checkered credit histories typically face higher car insurance rates than do drivers with good credit. Fort Lauderdale drivers who improve their credit score from "Very Poor" (300-579) to "Exceptional" (800-850) can save as much as 60% on their auto insurance premiums. Moving from "Very Poor" to "Fair" credit is a meaningful step toward saving money on auto insurance. In Fort Lauderdale, improving your credit to "Fair" could help you earn a $2,152 decrease in yearly insurance premiums.
|Credit Level||Average Rate (annual)|