Hollywood Car Insurance

The Zebra
May 30, 2018

Car Insurance in Hollywood

Hollywood is known for its costly premiums, as its mean premium surpasses Florida's average by 29%. Therefore it is important to cut costs while insuring a vehicle in Hollywood. Keep some money in your pocket by following the tips below about how to save on car insurance in Hollywood.

  • City Average: $2,421
  • State Average: $1,878
  • National Average: $1,427

Hollywood Car Insurance by Credit Rating

There is a disparity of $2,595 a year between car insurance premiums for those with Exceptional credit (800-850) and Very Poor credit (300-579). Drivers will see the biggest reduction in premiums when they upgrade their credit from Very Poor (300-579) to Fair (580-669). That change can save them $724 per year.

  • Very Poor: $4,711
  • Fair: $3,837
  • Good: $3,113
  • Very Good: $2,539
  • Exceptional: $2,116

Hollywood Car Insurance by Age

The greatest fall in premiums for Hollywood drivers happens when they hit their 20s. Once out of the teenage age range, people save an average of $3,733. Car insurance premiums for drivers in Hollywood continue to drop through their 50s, but they can expect a change when they hit 60. With car insurance payments of $6,913 on average, teenage drivers have the biggest premiums amongst all the age groups. Among all age groups, drivers in their 50s have the smallest car insurance premiums, with rates of $2,199. People in their 60s ($2,240) also have relatively low premiums.

  • Teenagers: $6,913
  • 20s: $3,180
  • 30s: $2,406
  • 40s: $2,355
  • 50s: $2,199
  • 60s: $2,240
  • 70s: $2,729

Hollywood Car Insurance by Gender and Marital Status

In Hollywood, gender as well as marital status play a part in your car insurance premiums. Being married, as opposed to single, can save you around 4% per year. Rates for those who are widowed are moderately cheaper than rates for those who are single. Usually, females have premiums that are 2% more costly than those for males.

  • Female: $2,474
  • Male: $2,421
  • Single: $2,421
  • Married: $2,318
  • Divorced: $2,421
  • Widowed: $2,367

Hollywood Car Insurance by Accident or Violation History

A history of accidents and violations can cost you in terms of premiums. $1,299 is the extra cost per year for drivers with a DUI in Hollywood, compared to the city average of $2,421. Reckless driving will bump your rates up as well, with average rates of $3,691! In Hollywood, those who are found at-fault in an accident spend $952 more per year to insure their vehicle.

  • DUI: $3,720
  • Reckless Driving: $3,691
  • At-fault Accident (damages less than $1000): $3,373
  • At-fault Accident (damages greater than $2000): $3,373
  • Speeding Ticket (16-20 mph over speed limit): $3,143

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