Cheapest and Best Car Insurance Companies in Lakeland, FL

The ideal service provider for you will change depending on the circumstance. For instance, State Farm provides the lowest rates for people in the military and after an incident. For families and teenagers, Nationwide offers the best deals. Meanwhile, excellent customer service is one of Travelers' major selling points.

The following insurers provide the cheapest minimum coverage policies in Lakeland:

• GEICO: $465 per year
• State Farm: $473 per year

State Farm is also the cheapest car insurer in Florida at $507 per year, though prices may change depending on where you live. The most expensive insurer in Lakeland is Direct General Insurance at $1,225 annually.

In Florida, drivers are required to have property damage liability and personal injury protection coverage.

• $10,000 property damage liability per accident
• $10,000 personal injury protection

Personal injury protection (PIP) pays up to $10,000 in medical costs and lost income for you and your passengers if you are hurt in an accident. Property damage liability coverage will pay up to $10,000 per accident to repair or replace the third party’s property. You will be responsible for any costs exceeding this amount.

In Lakeland, the following insurers offer the cheapest full coverage policies:

• State Farm: $1,016 per year
• GEICO: $1,179 per year

The most expensive full coverage car insurance in Lakeland is offered by Direct General Insurance at $2,313 per year. In addition to being the cheapest provider in the city, State Farm is also the cheapest provider for full coverage car insurance in Florida, with policies costing $1,058 per year, on average. This seems to indicate that insurance rates are cheaper in Lakeland than in the rest of the state.

Your liability insurance policy can be upgraded to a full coverage plan by adding extra safeguards like collision and comprehensive coverage.

• Collision Insurance: Pays for the cost of damage to your car after hitting another object or vehicle.
• Comprehensive Insurance: Pays for the cost of non-collision related damages, including those from natural disasters, theft or vandalism.

Full coverage policies are typically preferred by owners of new vehicles as a way to safeguard their investment. A full coverage policy may not be worth the added cost if you have an older vehicle.

In Lakeland, the following insurers offer the cheapest full coverage policies to drivers with these traffic violations:

• Speeding ticket: State Farm ($1,142 per year)
• At-fault accident: State Farm ($1,238 per year)
• DUI: State Farm ($1,142 per year)

At $3,474, Mercury has the highest rates for drivers with an at-fault accident history. Drivers who have a speeding ticket will pay the most, with Farmers at $2,461 per year. Meanwhile, those with DUI offenses will get the most expensive rates from Nationwide at $3,038 per year. A driving violation will increase the cost of your insurance; even “cheap” rates for drivers with offenses will still be more than average-priced rates for drivers with a clean driving history.

Typically, your premium will increase in proportion to the severity of your traffic offense. For instance, a driver in Lakeland with a DUI should expect to pay up to $267 more per year for insurance than a driver with a speeding ticket. MoneyGeek also put together a list of the cheapest auto insurance for drivers with poor driving histories to help you save some money.

The following insurers offer the cheapest rates for 16-year-old teens on a family policy in Lakeland:

• Nationwide: $3,219 per year for female teens; $3,625 per year for male teens
• State Farm: $3,553 per year for female teens; $4,308 per year for male teens

The most expensive insurance provider in Lakeland is Farmers, with annual premiums of $6,184 for a female teen and $6,270 for a male teen. Insurers typically charge male teens more, as they consider them riskier to insure. For insurance, Nationwide, the cheapest insurer in Lakeland, charges male teens $427 more than female teens for car insurance. This cost discrepancy tends to decrease into early adulthood.

It can be significantly less expensive to add a teen to a family policy than to purchase an individual policy. In Lakeland, a 16-year-old male teen can save $4,940 or more per year. Although rates will be higher, it’s still possible to find cheap car insurance for teenagers by comparing quotes and looking for discounts.

The following providers in Lakeland offer the most affordable prices for military members seeking full coverage auto insurance:

• State Farm: $1,016 per year
• GEICO: $1,179 per year

Cheap minimum coverage policies are also available with GEICO and State Farm for $465 per year and $473 per year, respectively. Another insurer that offers coverage to service members is USAA, though availability may vary depending on where you live. MoneyGeek also identified the cheapest auto insurance for military drivers if you’d like to view other insurers’ rates.

It can take up to 15 minutes to input the personal information required for a single auto insurance quote. When comparing rates for multiple companies, this time can add up. Fortunately, MoneyGeek’s insurance calculator allows you to easily calculate your rating using your age, vehicle details, driving record and preferred coverage level.

Your search for the best auto insurance can be simplified by choosing which features are most important to you. Here are our picks:

• Best overall: State Farm (MoneyGeek score of 76 out of 100)
• Best for service: Travelers (MoneyGeek score of 60 out of 100)
• Best cheap: GEICO (MoneyGeek score of 78 out of 100)

An insurer’s overall MoneyGeek score may vary across categories depending on the factors weighted. The best car insurance provider in Florida is also State Farm. Military members and their families may consider USAA for their car insurance needs.

Based on affordability and customer service, these companies provide the best full coverage policies in Lakeland:

• State Farm: MoneyGeek score of 76 out of 100 ($1,016 per year)
• GEICO: MoneyGeek score of 71 out of 100 ($1,179 per year)

Of the insurers in our comparison group, State Farm has the cheapest rates and one of the highest customer satisfaction scores. This means you won’t have to pay extra to receive quality customer service.

Not taking into account cost, these insurance companies provide the best customer service in Lakeland:

• Travelers: MoneyGeek score of 60 out of 100 ($1,476 per year)
• State Farm: MoneyGeek score of 58 out of 100 ($1,016 per year)

Of the insurers in our study, Travelers has the highest rating for claims management and the third-highest rating for customer satisfaction. It is the fourth-cheapest insurer, meaning you can receive the best service for a relatively affordable cost.

The following insurers provide the best minimum coverage policies in Lakeland that meet the state’s minimum liability requirements:

• GEICO: MoneyGeek score of 78 out of 100 ($465 per year)
• State Farm: MoneyGeek score of 78 out of 100 ($473 per year)

Minimum coverage plans may cost less, but they offer the least amount of liability protection and won’t cover damages to your vehicle if you get in an accident.

The average cost of car insurance in Lakeland is typically $1,636 per year. This is $299 less than the average cost of vehicle insurance in the state of Florida at $1,935 as of October 2022. However, it is $371 more expensive than the national average cost of car insurance, $1,265. This shows how location can impact the cost of your car insurance. These rates are for a full coverage policy with $100,000 in bodily injury liability per person, $300,000 in bodily injury liability coverage per accident and $100,000 in property damage coverage per accident.