Compare the Cheapest Car Insurance Quotes in Lakeland

Car insurance in Lakeland, Florida, costs an average of $1,681 per year, which is 23.9% less than the state average of $2,208. GEICO offers the cheapest and most widely-available insurance at an average of $1,142 per year. MoneyGeek analyzed the cheapest insurers by coverage amount to help you find the best policy. We also evaluated companies that offer the best car insurance in Lakeland.

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Last Updated: 5/16/2022
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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 Esurance came first.

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The Cheapest and Best Car Insurance in Lakeland

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
  • Company
    100/300/100per year
  • 1.
    USAA
    $843
  • 2.
    GEICO
    $1,142
  • 3.
    State Farm
    $1,236
  • 4.
    Travelers
    $1,489
  • 5.
    Allstate
    $1,722
  • 6.
    MetLife
    $1,761
  • 7.
    Allied
    $1,827
  • 8.
    Mercury
    $2,040
  • 9.
    Progressive
    $2,233

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: Comprehensive insurance pays for damage to your car due to incidents other than collisions such as earthquakes, riots and vandalism.
  • Collision Insurance: 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

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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.

While 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

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

  • Item
    Description
  • 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

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 to 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.

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The Best Car Insurance Companies in Lakeland

MoneyGeek also classified insurance providers in Lakeland that offer a good mix of quality service and affordable rates. The top two insurers are:

  • Esurance: MoneyGeek score of 95 out of 100
  • GEICO: MoneyGeek score of 85 out of 100

USAA scored highest on our ratings and is the best option for military members and their families. Because it is exclusive, we did not include USAA in our list of best car insurance companies in Lakeland.

MoneyGeek ranked the car insurance companies in this study using several factors: insurer financial stability, customer satisfaction and affordability. We used multiple resources for our analysis, including findings from J. D. Power, a data analytics and consumer intelligence company.


1
USAA
Score:100

5/5

Affordability

5/5

Claims Ratings

5/5

User Satisfaction

A++

Financial Stability

2
Esurance
Score:95

5/5

Affordability

4/5

Claims Ratings

5/5

User Satisfaction

A+

Financial Stability

3
GEICO
Score:85

3/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A++

Financial Stability

4
Travelers
Score:85

3/5

Affordability

4/5

Claims Ratings

2/5

User Satisfaction

A++

Financial Stability

5
MetLife
Score:82.5

3/5

Affordability

4/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

6
Hartford
Score:82.5

2/5

Affordability

5/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

7
Liberty Mutual
Score:80

3/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A

Financial Stability

8
Auto-Owners Insurance Co
Score:80

3/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A++

Financial Stability

9
State Farm
Score:77.5

3/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A-

Financial Stability

10
Nationwide
Score:77.5

3/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

11
Progressive
Score:75

2/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

12
Safeco
Score:75

2/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

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, while drivers in ZIP code 33180 pay an average of $1,690 annually.

  • Zip Code
    State 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.

accident2 icon
Most Accidents With Fatalities122nd/300
handcuffs2 icon
Most Car Thefts78th/300
uninsured icon
Most Uninsured Motorists by State1st/50
insurance2 icon
Personal Injury Protection RequiredYes
rain icon
Most Annual Rainfall35th/300
umbrella icon
Most Rainy Days96th/300

Methodology and Assumptions

MoneyGeek’s average premium rates for Lakeland are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.

About the Author


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The MoneyGeek editorial team has decades of combined experience in writing and publishing information about how people should manage money and credit. Our editors have worked with numerous publications including The Washington Post, The Daily Business Review, HealthDay and Time, Inc., and have won numerous journalism awards. Our talented team of contributing writers includes mortgage experts, veteran financial reporters and award-winning journalists. Learn more about the MoneyGeek team.


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