Lakeland, Florida is, as its name implies, surrounded by many lakes. It offers its 112,000 inhabitants a lake lifestyle with warm, sunny day. Polk County, Florida also has a high number of vehicle accidents. There were almost 12,000 reported incidents in 2019, and the numbers are increasing every year. This makes it even more important to have auto insurance, even with the high premiums in Florida. Lakeland residents can anticipate an average annual cost of $1,046 for minimum coverage, and $2,237 to cover full coverage policies.
Lakeland’s best car insurance companies
There are many options for Lakeland drivers. Bankrate identified several strong contenders to be the best car insurance companies in Lakeland. Based on data from 2021 Quadrant Information Services, these carriers were evaluated for their financial strength ratings, digital assets, customer service reviews, and competitive rates.
| Insurance company | J.D. J.D. Florida region | Minimum coverage: Average annual premium | For full coverage, the average annual premium |
|---|---|---|---|
| Allstate | 851/1,000 | $1,053 | $2,227 |
| Direct General | Not rated | $1,260 | $2,532 |
| Geico | 846/1,000 | $821 | $2,039 |
| Progressive | 834/1,000 | $1,236 | $2,380 |
Allstate
Allstate is the highest ranked company in Florida on the JD Power customer satisfaction index. They offer a wide variety of coverage options and discounts. For a more robust policy, you can add sound system insurance, roadside help, and rental reimbursement. There are many discounts available, including those for good grades or multi-policy. You can also download the DriveWise(r), to get additional rewards for safe driving.
Direct General
Direct General is a specialist in high-risk drivers, and offers a wide range of coverage options. Direct General coverage does not require a checking account nor a credit card. You have the same coverage options as all carriers. There are also options like rental car reimbursement, accidental death, and towing.
Geico
Geico offers the lowest rates of all the carriers. However, there are many potential discounts and policy options . To complete your policy, you may be eligible to add rental reimbursements, emergency roadside assistance, and mechanical breakdown coverage. You can save even more with discounts such as those available for military, federal employees and seatbelt usage.
Progressive
Progressive offers Lakeland residents competitive rates and scores that are comparable to the regional average with JD Power. You can save as much as you like by taking advantage of the numerous discounts, such as a 9.9% discount for signing up online for coverage. You also have access to multiple digital resources, such as an app that allows you to manage your policy, file claims, and request a quote.
Lakeland has the lowest car insurance
Florida is a costly state to buy auto insurance. Lakeland is no exception. Floridians spend an average $1,100 per year for minimum coverage, and $2,364 to get full coverage. This is significantly higher than the $565 and $1 477 national averages. Lakeland has a slightly lower cost of insurance, with an average rate of $1,046 for minimal coverage and $2,237 full coverage. This means that it is still possible for you to get the best Lakeland car insurance.
Bankrate compared several carriers and found many that offered competitive rates and excellent customer service ratings. Although Allstate is not the cheapest option, it ranks high in the 2020 JD Power customer satisfaction score. Geico offers competitive rates and has the second highest ranking with JD Power.
| Insurance company | Minimum coverage: Average annual premium | For full coverage, the average annual premium |
|---|---|---|
| State Farm | $707 | $1,507 |
| Geico | $821 | $2,039 |
| Allstate | $1,053 | $2,227 |
| Progressive | $1,236 | $2,380 |
| MetLife | $1,360 | $2,777 |
Lakeland Insurance requirements
Like most other states, Florida has minimum requirements for insurance coverage. Florida is which is a state that is not at fault. This means that you must purchase Personal Injury Protection (PIP), in addition to your liability.
- Per person, $10,000 bodily injury coverage
- Accidental bodily injury coverage of $20,000
- Ten Thousand Dollars per accident property damage coverage
- $10,000 PIP coverage per person
However, buying the minimum amount of auto insurance could leave you exposed, which could lead to additional financial problems if you are in an accident. Florida is home to the 6th highest percentage of uninsured motorists, making it the most expensive state in the country. Talk to an agent about your options.
Lakeland car insurance discounts
The state of Florida has the highest premiums for auto insurance. However, there are many ways to save every year. This can be done by comparing discounts offered by different carriers and then taking full advantage of them all. These are some of the most common options:
- Bundling discounts: Nearly all insurance carriers offer a bundle discount. You can get a discount by purchasing your auto insurance as well as another product such a homeowners or renters insurance through the same carrier.
- You might get a discount for defensive driving if you complete an approved driver training program.
- Safety equipment: Ask if your vehicle has anti-lock brakes or airbags.
- Loyalty discount: You can receive a loyalty discount if you have been with the carrier for at least one year. As a thank-you for your loyalty, many carriers offer discounts after a certain number of years.
Questions frequently asked
Which is the best auto insurance company?
To determine the best car insurance company for you and your lifestyle, there are many factors to consider. Start by looking at the carrier’s customer service ratings, financial strength and digital assets, as well as their coverage options. Based on this information, Bankrate also found that carriers like USAA, State Farm, Geico, and Amica are top choices.
What is the cost of Lakeland car insurance?
According to Bankrate, the average cost for car insurance in Lakeland was $1,046 per year for minimum coverage and $2,237 annually for full coverage. It is important to note that your premiums will be different from what others pay. Your age, gender and marital status as well as driving habits, history, and coverage options, all play a part in determining your exact cost.