Cheapest car insurance in Lakeland, FL

Our top choice for cheap car insurance in Lakeland is State Farm.

min read
Updated: 23 January 2024
Written by
Bob Phillips
On this page Open

Lakeland, a thriving city in Florida, is known for its vibrant community and a hub for both permanent residents and seasonal visitors. Many people from the Northeast make Lakeland their home, while others flock here as snowbirds to enjoy winter homes and beachside condos. With a multitude of cars, trucks, and vehicles roaming the streets, Lakeland is a bustling hub of transportation. If you’re searching for car insurance that offers the best value and quality coverage, you’re in the right place.

On average, auto insurance in Lakeland costs around $2,380per year. This price falls below the statewide average in Florida ($2,769) but exceeds the national average of $1,752. In this review, we will guide you to discover the most affordable options available, including the overall cheapest choice (State Farm), the most cost-effective for full coverage (Travelers), the best deal for minimum coverage (GEICO), the ideal option if you have driving violations (USAA), and the most affordable for seniors (Progressive). Rest assured, you’ll find the perfect fit for your car insurance needs in Lakeland.

Cheapest and best car insurance companies in Lakeland, FL 2024

Cheapest and best car insurance companies in Lakeland 2024

Compare the cheapest car insurance companies in Lakeland, FL

Overall Rating J.D. Power Rating (Florida) Best For AM Best Rating Average Annual Cost Get A Quote
State Farm
4.9

840

Cheapest Overall

A++

$1,464

Instant Quote
USAA
4.9

884

Cheapest for Driving Violations

A++

$854 Increase After Violation

Instant Quote
Travelers
4.8

818

Full Coverage

A++

$1,913

Instant Quote
Progressive
4.8

810

Seniors

A+

$1,764

Instant Quote
GEICO
4.9

833

Cheapest Minimum Coverage

A++

$462

Instant Quote
GEICO
4.9

833

Young Drivers

A++

$4,324

Instant Quote
Scroll to see comparisons

Our methodology

When it comes to uncovering the most pocket-friendly car insurance rates in Lakeland, we delved into multiple car insurance review sites. Some of these sites meticulously examined rates gathered from public filings acquired through Quadrant Information Services. To provide you with a reliable review, we calculated the average of these rates. However, it's crucial to remember that each company's rates tend to fluctuate frequently and can vary depending on your specific situation. To offer you a well-rounded evaluation, our overall rating takes into account my own viewpoint. With a wealth of experience as a licensed insurance agent for fifteen years, a Florida resident for fourteen years, and more than three decades of personal car insurance purchases, I bring a subjective perspective to enrich the analysis.

48

Quotes Analyzed

20+

Research Hours

15+

Years Of Experience

16

Brands Reviewed

Cheapest car insurance companies in Lakeland, FL


Cheapest Overall

Overall Rating
4.9

Key Statistics

10/10 Affordability
9/10 Customer Reviews
9/10 Claims/payouts
9/10 Coverage level

Why We Like Them

In our exploration of the most affordable auto insurance in Lakeland, Florida, we stumbled upon State Farm—a contender that stood out in every aspect. What set them apart, ultimately, was their overall affordability, encompassing both minimum and full coverage plans.

State Farm boasts an impressive legacy of insuring vehicles, spanning nearly a century. With the most neighborhood offices nationwide among insurers, they have firmly established their presence. But it’s not just their history and reach that make them appealing. State Farm offers a range of noteworthy features and distinctive options that can greatly benefit drivers like you:

Diverse coverage choices: Apart from standard coverage, State Farm provides additional options such as rental car reimbursement, roadside assistance, travel expense insurance, and even rideshare insurance. This flexibility allows drivers to tailor their policy to their specific needs.

Telematics program: State Farm introduces a telematics program that remotely monitors driving habits. By rewarding safe driving practices, this initiative aims to lower insurance rates, particularly for individuals with limited driving experience. So, your good driving can actually translate into cost savings.

Stellar reputation in the industry and customer service: State Farm not only excels in terms of financial strength, earning the highest AM Best ratings (A++ Superior), but also garners favorable ratings in J.D. Power’s studies on insurers operating in Florida. This solidifies their standing as a reliable and customer-centric insurance provider.

Benefits & Drawbacks

Benefits
  • Discount for usage-based insurance
  • Extensive network of local agents
  • Favorable discounts for teens and students
Drawbacks
  • Higher annual rates for drivers with poor credit

Cheapest Overall Rates in Lakeland

Company Rate Per Year
State Farm $1,464
Travelers $1,487
Progressive $1,798
GEICO $2,067
Allstate $2,012

Cheapest For Full Coverage

Overall Rating
4.8

Key Statistics

10/10 Affordability
7/10 Customer Reviews
8/10 Claims/payouts
8/10 Coverage level

Why We Like Them

When it comes to the most affordable full coverage in Lakeland, Travelers takes the crown. Full coverage includes:

  • $100,000 coverage for each person’s bodily injury liability
  • $300,000 coverage for bodily injury liability per accident
  • $50,000 coverage for property damage liability per accident
  • $100,000 coverage for each person’s bodily injury caused by an uninsured motorist
  • $300,000 coverage for bodily injury caused by an uninsured motorist per accident
  • Collision coverage with a $1,000 deductible
  • Comprehensive coverage with a $1,000 deductible

Travelers is a well-known name in the insurance industry, trusted by many across the country. As one of the largest car insurance providers in the U.S., they are popular among individuals who prefer working with independent agents and want to purchase multiple products from a single insurer.

What sets Travelers apart? Firstly, they offer something called gap insurance, which safeguards your auto lease or loan if your car is totaled before it’s fully paid off or the lease ends. They bridge the gap between your remaining loan balance and the actual value of your car in such unfortunate circumstances.

Secondly, Travelers’ Responsible Driver Plan is worth noting. It forgives one accident and one minor violation within a specific time period, ensuring your rates won’t increase after a ticket or accident. This feature provides peace of mind and financial stability.

Benefits & Drawbacks

Benefits
  • Affordable rates for full coverage
  • Wide range of coverage options to choose from
  • One of the largest insurance providers in the United States
Drawbacks
  • Below-average customer satisfaction ratings
  • Lack of rideshare insurance available specifically in Florida

Cheapest Full Coverage in Lakeland

Company Rate Per Year
Travelers $1,913
State Farm $1,464
Progressive $1,798
GEICO $2,067
Allstate $2,012

Cheapest for Driving Violations

Overall Rating
4.9

Key Statistics

10/10 Affordability
10/10 Customer Reviews
9/10 Claims/payouts
9/10 Coverage level

Why We Like Them

If you’ve ever been pulled over and slapped with a ticket, you know that sinking feeling of an impending rate increase from your car insurance company, especially if you’re a younger driver. And let’s not forget that the more serious the offense (like DUI, DWI, or reckless driving), the heavier the blow to your rates.

But fear not! USAA takes the crown for being the most forgiving when it comes to rate hikes following speeding tickets, at-fault accidents, or DUI convictions. Drivers with a track record of violations have experienced increases in their USAA rates, but not nearly as severe as with other auto insurers.

USAA offers the standard liability coverage, along with comprehensive and collision insurance, just like other insurers out there. On top of that, they provide some popular additional coverages, including roadside assistance, rental car and travel reimbursement, and accident forgiveness. It’s like having that extra safety net when you need it most.

Now, here’s the catch: USAA is exclusively available to active military personnel, veterans, and their families. So, if you fall into one of these categories, you’re in luck and can benefit from USAA’s forgiving nature and a range of comprehensive coverage options.

Benefits & Drawbacks

Benefits
  • Highest J.D. Power rating for customer satisfaction
  • Convenient one-stop shop for insurance, investing, and banking products
Drawbacks
  • Limited eligibility, serving only veterans, active military personnel, and their family member

Cheapest for Rate Increase After a Driving Violation

Company Annual Increase
USAA $858
State Farm $1,536
Allstate $1,910
GEICO $1,997
MetLife $2,112

Cheapest for Minimum Coverage

Overall Rating
4.9

Key Statistics

10/10 Affordability
9/10 Customer Reviews
9/10 Claims/payouts
9/10 Coverage level

Why We Like Them

In Lakeland, we’ve discovered that GEICO takes the lead in offering the most budget-friendly state minimum coverage on average. In Florida, drivers are required to have at least $10,000 in property damage liability insurance and $10,000 in personal injury protection (PIP). Interestingly, bodily injury liability coverage is not mandatory for Florida drivers.

When it comes to customer satisfaction, GEICO consistently shines in various aspects such as customer service, claims handling, customer recommendations, policy renewals, and customer loyalty. As the second-largest auto insurance company in the United States, GEICO has earned a reputation for providing affordable rates to consumers through online and phone channels.

What sets GEICO apart? They provide a plethora of discounts and are particularly wallet-friendly for Lakeland drivers with older vehicles seeking to reduce costs by carrying the minimum required auto insurance coverage in Florida. Moreover, managing your policy is a breeze with GEICO’s user-friendly website and mobile app.

Benefits & Drawbacks

Benefits
  • Above average J.D. Power score for customer satisfaction
  • User-friendly website and mobile app
  • Abundance of available discounts
Drawbacks
  • Lack of gap or rideshare insurance options
  • Limited availability of local agents

Cheapest for Minimum Coverage

Company Rate Per Year
GEICO $462
State Farm $485
Travelers $697
Allstate $876
Progressive $1,077

Cheapest for Young Drivers

Overall Rating
4.9

Key Statistics

10/10 Affordability
9/10 Customer Reviews
9/10 Claims/payouts
9/10 Coverage level

Why We Like Them

Young drivers in Lakeland face the highest car insurance rates due to their inexperience and increased accident risk.

Fortunately, GEICO offers the lowest rates for young drivers in Lakeland, averaging at $3,451. While this is the most affordable option for teens and those in their early 20s, it can still be a financial struggle.

GEICO understands this and provides generous discounts. Young drivers can qualify for a good student discount of up to 15% for academic achievement, a safe-driver discount of up to 22% for maintaining a clean record, and a new car discount for owning a vehicle three years old or newer.

Additionally, young drivers who have completed driver’s education or defensive driving courses can receive further discounts.

Benefits & Drawbacks

Benefits
  • High policy limits are available, providing ample coverage.
  • The mobile app receives excellent ratings, ensuring a seamless user experience.
  • Boasts an A+ rating from the Better Business Bureau (BBB), indicating a strong track record.
Drawbacks
  • Gap insurance is not offered, which may be a drawback for some customers.
  • Availability is limited to a select number of local agents.

Cheapest for Young Drivers

Company Rate Per Year
GEICO $4,324
Allstate $4,465
State Farm $3,563
Travelers $4,719
Progressive $5,895

Cheapest for Seniors

Overall Rating
4.8

Key Statistics

9/10 Affordability
8/10 Customer Reviews
8/10 Claims/payouts
9/10 Coverage level

Why We Like Them

When it comes to car insurance rates in Lakeland, senior drivers often enjoy some of the most affordable premiums compared to other age groups. Our findings reveal that Progressive stands out as the provider with the lowest rates for seniors.

As the third-largest auto insurance company in the nation, Progressive offers a remarkable array of coverage options and a lengthy list of discounts. They go above and beyond by providing coverage for unique situations like rideshare insurance and protection for pets injured in car accidents. What’s more, Progressive offers coverage types that many other insurers don’t, such as gap insurance and rideshare insurance.

What sets Progressive apart even further is their loyalty to long-term policyholders. If you’ve been with Progressive for five years or more without any accidents, you won’t face premium increases for larger claims. Additionally, customers have the option to purchase accident forgiveness insurance, which allows for forgiveness of multiple accidents.

Benefits & Drawbacks

Benefits
  • Holds the distinction of being the third-largest personal auto insurer in the United States.
  • Provides coverage for veterinary bills in the event of an animal injury during a car accident.
  • Offers specialized rideshare coverage.
Drawbacks
  • Receives below-average ratings for customer satisfaction according to J.D. Power.
  • Availability is limited to a select number of agents.

Cheapest Coverage for Seniors

Company Rate Per Year
Progressive $1,764
Travelers $1,864
Nationwide $1,286
Farmers $2,130
Mercury $1,740

Average cost of car insurance in Lakeland

Average cost of car insurance in Lakeland– by age

Age Group Average Yearly Rate
Teenagers $5,136
20s $3,310
30s $2,293
40s $2,118
50s $1,907
60s $1,872
70s $2,186

Average cost of car insurance in Lakeland– by gender 

Gender Average Annual Rate
Male $2,268
Female $2,292

Average cost of car insurance in Lakeland – by marital status

Marital Status Average Annual Rate
Single $2,171
Married $2,171
Divorced $2,249
Widowed $2,188

Average cost of car insurance in Lakeland – by accident and violation history

Violation Average Annual Premium
DWI/DUI $3,289
Reckless Driving $3,360
At-Fault Accident (damage <$1,000) $3,081
At-Fault Accident (damage >$2,000) $3,081
Speeding (16-20 MPH > limit) $2,811

Average cost of car insurance in Lakeland– by credit tier

Very poor:  $4,406
Fair: $2,785
Good: $2,266
Very good:  $2,080
Exceptional: $1,858

Average cost of car insurance in Lakeland – by zip code

ZIP Code Average Rate
33801 $2,398
33804 $2,042
33806 $3,024
33810 $2,418
33812 $2,662
33815 $2,186

Minimum car insurance requirements in Florida

When looking for car insurance, remember that Florida has specific minimum coverage requirements to consider:

  • Property damage liability per accident: $10,000
  • Personal injury protection: $10,000

These are the minimum coverage amounts mandated in Florida. However, depending on your vehicle and the amount of time you spend on the road, you might want to consider higher coverage limits and additional protection like collision and comprehensive insurance. It’s essential to assess your needs and make an informed decision that best suits your circumstances.

How to buy car insurance in Lakeland

When purchasing car insurance in Lakeland, follow these five simple steps to ensure a smooth and hassle-free experience:

  1. Determine your insurance needs: Figure out the type of coverage that suits you best. Do you require minimum coverage, full coverage, or something in-between? Consider factors like your vehicle’s value and your annual mileage.
  2. Gather your information: Keep your personal and vehicle details handy. This includes your driver’s license number, social security number, Vehicle Identification Number (VIN), and current mileage on your vehicle.
  3. Obtain quotes from at least three companies: It’s crucial to compare quotes from multiple insurers. Make sure you’re comparing similar coverage amounts and limits for an accurate comparison.
  4. Make an informed decision and purchase your policy: While price is important, don’t solely base your decision on it. Consider other factors as well, although the most affordable option may be the best fit for you.
  5. Cancel your previous policy: Remember, it’s your responsibility to cancel your old policy. Your new insurance company cannot do it for you. However, ensure that your new coverage is active before canceling the old one.

Factors that impact the cost of your car insurance policy in Lakeland

When calculating the cost of auto insurance in Lakeland, insurance companies take into account numerous factors that shape your rates. These include:

State requirements: Your policy must meet Florida’s minimum coverage demands, which entail $10,000 for damage liability and $10,000 for personal injury protection (PIP).

Age: Younger drivers face higher premiums due to their limited experience and higher likelihood of accidents. Rates generally start to decrease after reaching 25.

Car make and model: The safety features of your vehicle impact your rates. For instance, insuring a modern Toyota Corolla tends to cost less than a Chevrolet Corvette.

Driving record: Past accidents and traffic violations can significantly raise your insurance rates since they indicate a higher probability of future claims.

Yearly mileage: Those with long commutes typically pay more than infrequent drivers.

Credit history: Insurers have observed that individuals with higher credit scores tend to file fewer claims, leading to lower rates.

Zip code: Your work location and where you park your car at night can affect your rates. Discounts or increases may apply based on the likelihood of vehicle damage or vandalism in your area.

Marital status: Married drivers often enjoy lower rates compared to single drivers.

Gender: Around the age of 45, men tend to pay approximately 6% less than females of the same age. However, this gender gap tends to level out for drivers in their 30s.

Florida car insurance laws to know

If you’re driving in Florida, it’s mandatory to have a minimum of $10,000 in property liability insurance and $10,000 in personal injury protection (PIP) coverage.
Here’s an interesting aspect: Florida follows a no-fault insurance system. This means that regardless of who is to blame in an accident, insurance companies are required to cover medical expenses. In simple terms, fault doesn’t determine the coverage of medical costs in Florida.

In the news

Florida residents are currently grappling with financial challenges as the cost of living continues to rise, causing significant headaches across the state. In fact, according to the Dallas Morning News, Florida is experiencing the highest level of inflation in the past 40 years.

However, it’s not just everyday expenses that are causing concern. Floridians are also facing a substantial increase in auto insurance rates. In 2022, auto insurance rates in Florida skyrocketed by an average of 23.8%. This surge is eight times higher than the increase seen in 2021 and marks the highest annual rate hike in at least two decades, as reported by the Florida Department of Insurance. On top of that, homeowners insurance rates also climbed by an average of 10.8% last year, marking the highest annual increase since 2012.

Information about Lakeland

Lakeland, a city brimming with charm and opportunity, captivates residents and visitors alike with its vibrant community and thriving economy. Situated in the heart of Florida, Lakeland is surrounded by breathtaking natural beauty, including numerous lakes and lush landscapes.

Spanning an impressive area of 74 square miles, Lakeland offers a perfect balance of urban amenities and natural wonders. It is home to captivating cultural attractions, such as the Polk Museum of Art and the historic Florida Southern College, renowned for its Frank Lloyd Wright architecture.

Car insurance discounts in Lakeland

When it comes to car insurance, Lakeland offers more affordable rates compared to major cities like Tampa and Miami in Florida. However, if you want to further reduce costs, it’s crucial to explore available discounts. Here are some common discounts you can take advantage of:

  • Having a good driving history
  • Installing vehicle safety features
  • Customer loyalty
  • Being claims-free
  • Driving fewer than average miles
  • Being a student with at least a “B” average
  • Military discount
  • Senior discount

FAQs

What is the cheapest car insurance in the State of Florida?

GEICO dominates the car insurance market in Florida, offering the cheapest rates at an incredible $437 per year for minimum liability coverage.

How much does car insurance cost in Lakeland on average?

When it comes to car insurance in Lakeland, affordability is key. On average, full coverage car insurance costs around $2,562 per year, while minimum coverage is more budget-friendly, averaging at $1,121 annually.

Do I need car insurance in Lakeland?

By law, all Lakeland drivers in Florida are obligated to carry auto liability insurance

Go back to top