Cheapest Car Insurance Quotes In Lake City, FL For 2024
GEICO is noted as the most affordable choice in Lake City, with an average monthly rate of $37.
We’ve saved shoppers an average of $600 per year on their car insurance.
When searching for the most economical car insurance in Lake City, Florida, there are numerous options to consider. However, one company, GEICO, stands out for its competitive pricing. On average, residents can obtain car insurance for approximately $37 per month, significantly lower than the state’s average of $227.
For individuals interested in the most affordable liability-only coverage, GEICO is the top choice. On the other hand, those seeking comprehensive protection may find that State Farm offers the best rates for full coverage policies, priced at $74 per month. Additionally, Travelers provides the most budget-friendly rates for young drivers, at $129 per month.
Cheapest Car Insurance Companies In Lake City, FL
Our Methodology
Utilizing a comprehensive approach that considers factors like customer service ratings, product choices, pricing, and extensive reviews from multiple online platforms, I've developed a detailed understanding of the car insurance market in Lake City, Florida. This perspective is shaped by more than 15 years of direct engagement in the industry as a licensed insurance agent. Through numerous interactions with representatives from different companies and firsthand experiences, I've gained valuable insights into the landscape of car insurance providers in the area.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
How Much Is Car Insurance In Lake City, FL?
GEICO provides the most affordable car insurance in Lake City, FL, with coverage available for as low as $200 per month.
Comparing rates to the average rates in Florida and the entire United States, it’s evident that it offers significantly lower prices, as illustrated in the table below:
| Area | Average Monthly Rate |
| National | $152 |
| Florida | $227 |
| Lake City, FL | $200 |
Keep in mind that the average national cost takes into account a wide range of states, from high-cost ones like New York, New Jersey, and California to low-cost ones like Mississippi, Kentucky, and Wyoming. Rates can differ significantly based on location due to various factors such as vehicle type, coverage amount, zip code, driving history, and more.
Cheapest Car Insurance Rates In Lake City For Teenagers
Teenage drivers in Lake City can obtain the most budget-friendly insurance quotes from State Farm, with an average monthly premium of $232.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $232 | $2,778 |
| 21st Century | $284 | $3,408 |
| Direct General | $369 | $4,428 |
| Direct Auto | $246 | $2,952 |
| Allstate | $401 | $4,812 |
Young drivers typically encounter the highest car insurance premiums, primarily because of their lack of experience on the road. Insurance companies classify these inexperienced motorists as high-risk individuals because statistics show they are more likely to be involved in accidents and traffic violations.
Cheapest Car Insurance Rates In Lake City For Minimum Coverage
For minimum coverage in Lake City, GEICO offers the most affordable car insurance, with an average monthly cost of $37.
| Provider | Average Monthly Cost | Average Annual Cost |
| GEICO | $37 | $439 |
| Progressive | $76 | $912 |
| Mercury | $35 | $420 |
| State Farm | $36 | $432 |
| Nationwide | $47 | $564 |
The minimum car insurance policy should include, at the very least:
- $10,000 for bodily injury per person
- $10,000 for bodily injury per accident
- $10,000 for property damage per accident
Maintaining minimum car insurance offers some level of protection while driving, but it lacks collision or comprehensive coverage. Therefore, damages to your vehicle in accidents or incidents such as theft or natural disasters aren’t covered.
In Florida, driving without insurance is against the law. If you can’t provide proof of insurance during a traffic stop, you could face penalties including fines, license suspension, or more severe consequences.
Cheapest Car Insurance Rates In Lake City For Seniors
State Farm offers average monthly quotes of $95, representing the most affordable car insurance rates for seniors in Lake City.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $95 | $1,140 |
| Direct Auto | $126 | $1,512 |
| 21st Century | $140 | $1,680 |
| Mercury | $141 | $1,692 |
| Allstate | $147 | $1,764 |
In Florida, numerous seniors may benefit from advantageous car insurance rates influenced by various favorable factors. While age often plays a role in determining insurance rates, with older age sometimes correlated with reduced driving ability, this stereotype doesn’t apply universally.
Cheapest Car Insurance Rates In Lake City For Full Coverage
State Farm offers the most affordable car insurance rates for full coverage in Lake City, with an average monthly quote of $74.
| Provider | Average Monthly Cost | Average Annual Cost |
| Progressive | $125 | $1,500 |
| GEICO | $81 | $972 |
| Mercury | $119 | $1,428 |
| Nationwide | $92 | $1,152 |
| State Farm | $74 | $888 |
Full coverage car insurance extends beyond the basic coverage required by law, combining comprehensive and collision coverages.
Comprehensive coverage protects against non-collision events like theft, vandalism, or natural disasters, while collision coverage provides financial protection for vehicle damage resulting from accidents, regardless of fault.
Cheapest Car Insurance Rates In Lake City For Young Adults
Travelers provides the most affordable insurance quotes for young adults in Lake City, with rates averaging around $128 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $133 | $1,594 |
| GEICO | $187 | $2,242 |
| Mercury | $257 | $3,082 |
| Allstate | $180 | $2,158 |
| Travelers | $128 | $1,534 |
In Florida, young adult drivers generally enjoy lower car insurance rates compared to teenagers. This pricing difference is due to the development of driving habits and a decrease in risk-taking behaviors as drivers mature.
Statistically, young adults are less prone to filing claims with insurance companies, indicating a decrease in accident involvement. As a result, insurers reduce premiums, acknowledging the improved safety records and decreased likelihood of claims from these more experienced drivers.
Cheapest Car Insurance Rates In Lake City For Good Drivers
GEICO offers the most affordable car insurance quotes for good drivers in Lake City, typically around $37 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| GEICO | $37 | $439 |
| Progressive | $76 | $912 |
| Mercury | $35 | $420 |
| State Farm | $36 | $432 |
| Nationwide | $47 | $564 |
In Lake City, drivers with clean driving records generally receive lower car insurance rates because they’re seen as lower risk. Insurance companies utilize driving records to assess how safely someone drives. Fewer incidents such as accidents or traffic violations indicate that the driver is careful and less likely to make a claim.
Because insurers determine their rates based on the probability of a driver filing a claim, a pristine driving record can result in notable savings on premiums. It’s all about evaluating risk – the cleaner the record, the lower the perceived risk, and thus, the lower the insurance cost.
Cheapest Car Insurance Rates In Lake City For Drivers With Prior Incidents
In Lake City, drivers with histories of traffic violations such as accidents, speeding tickets, or DUIs frequently encounter challenges in securing affordable car insurance. These driving infractions prompt insurance companies to classify them as high-risk drivers, anticipating a higher likelihood of future insurance claims.
As a result, insurance providers increase their rates for these individuals to offset the risk of potential higher claim payouts.
Cheapest Car Insurance Rates In Lake City For Drivers With A Speeding Ticket
State Farm is notably affordable compared to other companies, with average rates around $176 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $176 | $2,099 |
| Travelers | $241 | $2,842 |
| Geico | $320 | $3,894 |
| Allstate | $329 | $4,012 |
| Progressive | $368 | $4,477 |
Cheapest Car Insurance Rates In Lake City For Drivers With An At-Fault Accident
State Farm provides the most economical car insurance quotes for drivers with an at-fault incident, with an average rate of $193 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $193 | $2,375 |
| Travelers | $259 | $3,218 |
| Geico | $265 | $3,242 |
| Progressive | $400 | $4,897 |
| Allstate | $555 | $6,717 |
Cheapest Car Insurance Rates In Lake City For Drivers After A DUI
State Farm stands out as the company offering the most budget-friendly rates for drivers with a DUI record. They provide average monthly premiums of $188 for Lake City drivers in such circumstances.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $188 | $2,319 |
| Travelers | $269 | $3,286 |
| Progressive | $319 | $3,623 |
| Geico | $337 | $4,042 |
| Allstate | $407 | $5,059 |
Best Car Insurance Companies In Lake City
For drivers in Lake City, selecting the appropriate car insurance company entails not only finding affordable rates but also ensuring reliable protection while on the road. Below are the top 10 car insurance companies in Lake City, FL, ranked by the average monthly rate they offer.
| Company | Monthly Premium |
| 21st Century | $142 |
| Direct Auto | $187 |
| Mercury | $210 |
| Liberty | $140 |
| Mercury | $300 |
| Allied | $173 |
| Allstate | $310 |
| State Farm | $175 |
| GAINSCO | $118 |
| Safeco | $278 |
Average Car Insurance Rates By Age In Lake City
| Age | Average Yearly Rate |
| Teenagers | $7,599 |
| 20s | $3,031 |
| 30s | $1,989 |
| 40s | $1,927 |
| 50s | $1,838 |
| 60s | $1,830 |
| 70s | $2,126 |
Age plays a crucial role in determining car insurance rates. Typically, younger drivers, especially teenagers and young adults, encounter higher insurance premiums due to their lack of experience and statistically higher probability of accidents and traffic violations. As drivers reach the age of 25, their rates generally begin to decline, assuming they maintain a clean driving record.
The most favorable insurance rates are often available for drivers in their 50s and early 60s. Insurance companies utilize age as a measure to assess driving experience and risk propensity, thereby influencing the cost of premiums.
Average Car Insurance Rates By Vehicle Type In Lake City
| Vehicle | Average Monthly Rate |
| Audi A3 | $187 |
| Toyota Rav4 | $115 |
| Audi Q3 | $224 |
| Chrysler 300 | $478 |
| Dodge Caliber | $392 |
The type of vehicle you drive significantly affects your car insurance costs. Insurance companies take into consideration factors such as the make, model, year, and body type of the car. Generally, newer vehicles, particularly luxury models with advanced technology and higher replacement costs, tend to have higher insurance rates.
Conversely, older cars or those that are less expensive to repair or replace may attract lower premiums. Insurers assess these factors because they directly impact the potential cost of claims – for example, repairs for a high-end car are typically more expensive than for a standard vehicle. Additionally, certain car models known for their safety features may qualify for lower insurance rates due to a reduced risk of accidents and injuries.
How Much Is Car Insurance For Other Cities In Florida?
| City | Average Monthly Rate |
| Plantation | $360 |
| Sunrise | $347 |
| Hallandale Beach | $310 |
| Daytona Beach | $181 |
| Apopka | $215 |
| Gainesville | $176 |
| Pinellas Park | $223 |
| Fort Myers | $194 |
| Kissimmee | $220 |
| West Palm Beach | $280 |
The city you live in plays a crucial role in determining your car insurance rates. Insurance companies evaluate numerous factors associated with your location, including the likelihood of accidents, vehicle theft, and vandalism rates, which tend to be higher in urban areas. This heightened risk often results in higher premiums.
FAQs
Who has the lowest car insurance rates in Lake City?
The most affordable car insurance rates in Lake City are provided by GEICO for the minimum coverage required by the State of Florida, and by State Farm for full coverage, which includes comprehensive and collision coverage.
What is the average cost of car insurance in Lake City?
The average cost of car insurance in Lake City is approximately $200 per month. However, rates can vary depending on factors such as your zip code, the year and model of your car, your driving record, and other relevant factors.
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