Learn more about insurance in Lakeland
The average cost of car insurance in Lakeland, Florida, is $2,199 each year. That's less expensive than the statewide average in Florida ($2,309) and more costly 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 factors in Lakeland.
|Lakeland Average (annual)||Florida Average||National Average|
One of the best ways to save on auto insurance is to compare rates from multiple companies and to choose the insurer that best fits your coverage needs. In Lakeland, State Farm offers the cheapest rates for the average insurance customer. See below the best companies for cheap auto insurance in Lakeland — but don't forget to get personalized car insurance quotes to match your driving profile.
|Company||Average Yearly Rate|
Lakeland drivers in their age_50s pay relatively affordable car insurance rates just $2,009 each year, on average. Those in their 60s don't pay significantly more ($2,054).
Young drivers aged 16 to 19 pay the most for car insurance in Lakeland. When drivers hit their 20s in Lakeland and move out of the teenage age bracket, they reduce their premiums substantially. The cost differential between the auto insurance rates paid by teenage drivers and drivers in their 20s in Lakeland is $3,439, the largest such difference between any two age groups.
|Age tier||Average Yearly Rate|
In some cases, a driver's gender and marital status may influence the car insurance rates they pay. Married drivers usually pay less for car insurance than their single counterparts. In Lakeland, married motorists pay $95 less than single drivers for auto insurance. Rates for those who are widowed are also much cheaper than rates for those who are single. In Lakeland, insurance rates for those who are widowed are less expensive than rates for those who are single.
Gender is another factor that can affect auto insurance rates. In Lakeland, female drivers pay $46 per year more than do male drivers.
|Marital Status/Gender||Average Yearly Rate|
Maintaining a clean driving record is one of the best ways to keep your car insurance costs low. Speeding tickets, reckless driving citations, DUIs and DWIs, and at-fault accidents all can trigger insurance rate hikes.
Lakeland drivers found guilty of reckless driving pay a steep price when it comes to auto insurance, facing a rate increase of $1,201 per year versus the city average. A ticket for speeding results in a $579 rate hike while a DWI or DUI violation costs $1,095 per year in extra insurance expenditures.
|Incident/Violation||Average Annual Rate|
|At-fault Accident (damages less than $1,000)||$3,040|
|At-fault Accident (damages > $2,000)||$3,040|
|Speeding Ticket (16-20 mph over speed limit)||$2,778|
Credit score is often closely correlated with car insurance costs. In Lakeland, an improvement in credit score from the "Very Poor" tier (300-579) to the "Exceptional" tier (800-850) corresponds to a 59% drop in car insurance costs. Moving into the "Fair" credit tier from the "Very Poor" level is one of the most impactful steps a driver can take in pursuit of better car insurance rates. In Lakeland, improving your credit to "Fair" corresponds with a $1,647 decrease in annual car insurance rates.
|Credit Tier||Average Annual Rate|