bestauto insuranceLakelandCompare the Cheapest Car Insurance Quotes in Lakeland, FL
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Drivers in Lakeland can get the cheapest full coverage and state minimum insurance from GEICO. If you have prior driving violations, State Farm is the most affordable option, although USAA is the least expensive insurance provider for drivers who have served or are currently serving in the armed forces. MoneyGeek also scored insurers that balance quality service with affordable rates, in which analysis GEICO came first.
bestauto insuranceLakelandThe Cheapest and Best Car Insurance in Lakeland
Cheapest Overall - GEICO
Cheapest State Minimum - GEICO
Cheapest With a Driving Violation - State Farm
Best Overall - GEICO
The Cheapest Car Insurance Companies in Lakeland
The cheapest car insurance companies in Lakeland for full coverage and widely available policies are:
- GEICO: $1,142 per year
- State Farm: $1,236 per year
For military members and their families, USAA is the cheapest option at $843 per year. Progressive, on the other hand, is the most expensive insurance company in Lakeland. At $2,233, its average yearly premiums are almost double the cost of the same coverage from GEICO.
Full coverage policies can include comprehensive and collision insurance. In fact, lenders typically require both in a full coverage policy if you have leased or financed your vehicle.
Cheapest Car Insurance in Lakeland
Full Coverage 100/300/100
- Company100/300/100per year
- 1.$843
- 2.$1,142
- 3.$1,236
- 4.$1,489
- 5.$1,722
To determine average insurance rates in Lakeland as per our methodology, MoneyGeek collected quotes from leading insurers for full coverage policies for our sample driver, a 40-year-old male.
Unlike minimum coverage, which is liability-only insurance, full coverage policies include comprehensive and collision insurance. Although you do pay more for full coverage, you’re provided with additional protection in the event of an accident.
- Comprehensive insurance: pays for damage to your car due to incidents other than collisions, such as earthquakes, riots and vandalism
- Collision insurance: covers damage to your vehicle if you’re involved in an accident, whether with another car or a stationary object
If you have an older car, you may be better off with a state minimum or liability-only insurance. Otherwise, the premiums for your full coverage policy might add up to more than the replacement value of your vehicle.
Compare Car Insurance Rates in Lakeland
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
Cheapest Car Insurance in Lakeland for Minimum Coverage
Choosing a state minimum policy is always the cheapest option. The companies with the cheapest auto insurance for minimum coverage in Lakeland are:
- GEICO: $509 per year
- State Farm: $640 per year
At $361 per year, USAA is the cheapest option for drivers who are either veterans or current members of the military. The most expensive minimum coverage policy in Lakeland is offered by Progressive at an average annual premium of $1,304, $795 more than GEICO.
A state minimum and liability-only insurance are the most affordable options, they offer the least protection. Due to the low liability limits, you could incur large and unexpected out-of-pocket expenses if you have an accident.
You can choose higher liability limits. See the table below, which shows how much more you may have to pay for higher limits.
Cheapest Minimum Liability Car Insurance in Lakeland
State Minimum
- CompanyState Minimumper year
- 1.$361
- 2.$509
- 3.$640
- 4.$708
- 5.$793
All Florida drivers must maintain a car insurance policy that meets at least the state minimum requirements. These minimums include $10,000 in personal injury protection and the same amount in property damage coverage.
This means, for example, that if you are involved in an accident that leads to $20,000 in medical bills for the other driver, you will have to pay the entire amount yourself.
Florida Minimum Liability Requirements
- ItemDescription
- Property Damage$10,000 for property damage. A more protective level is 100/300/100.
- Personal Injury Protection$10,000 per person.
Cheapest Car Insurance in Lakeland if You Have Driving Violations
Driving violations like speeding tickets, at-fault accidents and DUIs usually lead to a hike in your insurance premiums.
You can do two things if you get a ticket: improve your driving history over time to bring your premiums down, and get multiple quotes from insurance companies to see which one offers the best and cheapest insurance in your situation.
The cheapest car insurance for drivers with bad records in Lakeland is as follows:
- Cheapest after a ticket: State Farm, $1,329 per year
- Cheapest after an at-fault accident: State Farm, $1,422 per year
- Cheapest after a DUI: State Farm, $1,329 per year
If you are a member of the armed forces and have a speeding ticket or an at-fault accident on your record, USAA is the cheapest insurance provider in the city.
Cheapest Car Insurance in Lakeland With a Violation
Speeding Ticket
- CompanySpeeding Ticketper year
- 1.$928
- 2.$1,329
- 3.$1,722
- 4.$1,983
- 5.$2,054
Average Cost of Car Insurance in Lakeland
Lakeland$1,681
Florida$2,208
U.S.$1,424
Individuals who intend to buy a car should note that auto insurance is a legal requirement in most areas. That said, it doesn’t have to be costly. Understanding the average car insurance rates in Lakeland can help drivers get the best option for their needs.
In Lakeland, drivers pay an average of $1,681 per year for car insurance. This is 23.9% lower than the average cost of car insurance in Florida, which is $2,208. However, compared with the national average, Lakeland residents pay 18.0% more.
Personalized Quotes to Get You the Cheapest Car Insurance in Lakeland
To find cheap car insurance, Lakeland drivers need to get and compare car insurance quotes regularly, as some individuals may get discounts, rebates or savings due to their circumstances. Rates can also change based on personal information, such as age, gender and credit score, along with driving-related information, such as driving history, experience and records.
Compare Car Insurance Rates in Lakeland
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
The Best Car Insurance Companies in Lakeland
To find the best car insurance companies in Lakeland, MoneyGeek analyzed average rates, claims ratings and customer satisfaction. We determined that the top-rated car insurers in Lakeland are:
- GEICO: MoneyGeek score of 84 out of 100
- State Farm: MoneyGeek score of 80 out of 100
Because of its limited customer base of military personnel, USAA was excluded from our overall rankings. However, it received a perfect score of 100 out of 100, making it the best car insurance company in Lakeland for active military members and veterans.
1
GEICO
Score:84
In Lakeland, GEICO is the best auto insurance company for having high ratings for affordability, claims and customer satisfaction. It offers full coverage to 40-year-old drivers at an average cost of $1,142 per year. Policyholders can add unique mechanical breakdown insurance (MBI).
More About GEICO
Unlike a typical dealer extended warranty, GEICO’s mechanical breakdown insurance provides coverage for all parts and systems at a more affordable price. This rare add-on is available for new or leased cars that are less than 15 months old and with less than 15,000 miles.
Lakeland drivers can also get accident forgiveness and rental car reimbursement from GEICO. Accident forgiveness stops your insurance rate from going up after your first at-fault accident, whereas rental car reimbursement pays up to a preset amount for a rental vehicle if your car isn't drivable for more than 24 hours due to a covered accident.
Read MoneyGeek's GEICO auto Insurance Review2
State Farm
Score:80
With its high affordability, claims and customer satisfaction scores, State Farm ranked as the second-best auto insurer in Lakeland. It has an average annual rate of $1,236 for full coverage for 40-year-old drivers and offers rideshare insurance as an add-on.
More About State Farm
Policyholders in Lakeland can purchase rideshare insurance from State Farm to supplement their coverage. This unique endorsement makes sure that the medical payments, emergency roadside assistance and rental car reimbursement in your auto policy remain in effect while you’re working for a ridesharing company. In fact, it extends all your coverages when the ridesharing app is on and you’re available for hire. Excluding liability insurance, your coverages remain after you match with a rider or while you’re transporting a rider.
Other add-on coverages available with State Farm are rental car and/or travel reimbursement and roadside assistance.
Read MoneyGeek's State Farm auto Insurance Review3
Travelers
Score:70
4
Allstate
Score:63
5
MetLife
Score:57
6
Allied
Score:34
7
Mercury
Score:29
8
Progressive
Score:27
Average Cost of Car Insurance by Postal Code
The neighborhood where a driver lives is also a factor that car insurance companies in Lakeland consider when determining the annual premiums for auto insurance. The number of accidents, car theft incidents and other factors varies by location. In Lakeland, a driver’s ZIP code can lead to a small difference of $17.
It costs an average of $1,673 per year for drivers living in ZIP code 33801, whereas drivers in ZIP code 33180 pay an average of $1,690 annually.
- Zip CodeState Minimumper year
- 33801$1,673
- 33810$1,690
Factors That Impact Insurance Costs in Lakeland
In addition to individual driver needs and history, location-specific factors like personal injury protection coverage requirements and the percentage of uninsured motorists also contribute to car insurance rates in Lakeland. How Lakeland ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
About Mark Fitzpatrick
sources
- Kaiser Family Foundation. "2019 Employer Health Benefits Survey." Accessed January 16, 2020.