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Finding the cheapest car insurance quotes in Lake Monroe shouldn't be a guessing game. That's why our licensed insurance experts do the heavy lifting for you, analyzing rates from dozens of top companies to find you the best deal.
We believe in making things clear and simple. Our experts compare coverage options and find every possible discount, so you can see your best options side-by-side. It’s fast, free, and designed to save you a ton.
The auto insurance rates published in this guide are based on the results of research
completed by Way’s data team. Using a mix of public
and internal data, we analyzed millions of rate averages across U.S. ZIP codes. These
rates were publicly sourced from insurer filings and should be used for comparative
purposes only — your own quotes will differ. Given this, it’s important to go through
our insurance
steps form to find how much you can save with Way.
Table of Contents
How Much Is Car Insurance in Lake Monroe
The car insurance rate in Lake Monroe is $1505 for a six-month policy, which is $96 lower than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $961, making it a popular choice for budget-conscious drivers. Rates in Lake Monroe can vary depending on your age, driving record, and coverage level, so not every driver will pay the same amount. Choosing a higher deductible, maintaining a clean driving history, and comparing quotes from multiple insurers can help you find better deals and save money over time.
At $961 for a six
month policy, Travelers offers
the cheapest
auto
insurance rates in the city.
2nd place: State Farm
State Farm offers auto
insurance rates at $1022 for a
six-month policy,
making it one of the cheapest to insure with.
3rd place: Nationwide
Nationwide offers auto insurance
rates at $1189
for six months, making it
the third cheapest auto insurance company in Lake Monroe.
Lake Monroe Car Insurance Rates by Company
Based on our research, the cheapest car insurance company in Lake Monroe, FL is Travelers, offering policies at just $961 for a six-month term. This is followed by State Farm, which has an average six-month premium of $1022.
At the higher end of the spectrum, Metropolitan Group is the most expensive, with rates reaching $899 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Lake Monroe drivers find the best deals.
Way's key takeaways about car insurance in Lake Monroe
The auto insurance costs in Lake Monroe fall around $961 for six
months.
The cheapest auto insurance company in Lake Monroe is Patrons Insurance.
Teen drivers pay the highest rate in Lake Monroe at $1298 per
month.
High Rates Shouldn’t Drive You Out of Pocket.
Save up to $971/yr with our auto insurance quotes
Cheapest Minimum Liability Car Insurance in Lake Monroe
Since car insurance is a critical requirement for owning a car, you
must have minimum liability car insurance. The cheapest car insurance companies for minimum
coverage in Lake Monroe are given below.
Patrons Insurance provides
the cheapest minimum car insurance
coverage in Lake Monroe. Their Average 6 Month Premium is $118.
Metropolitan Group is the most
expensive at $357 for the same
period.
Cheapest Full Coverage Car Insurance in Lake Monroe
One might think that minimum coverage is only required when insuring
your car insurance. However, having full coverage car insurance in any city is certainly a
wise choice as it offers better coverage and protection. Our best pick for the cheapest auto
insurance quotes in Lake Monroe is Travelers
at $162 per month and $961
for six months.
Cheapest Full Coverage Car Insurance Quotes in Lake Monroe,
FL
Get Your Car Insurance Quote in Lake Monroe
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Average Car Insurance in Lake Monroe by Rating
Factor
The car insurance rates for two people under the same ZIP
code will mostly be different. This is mostly because insurance rates are calculated
based on several rating factors. These rating factors include the driver's age, gender,
marital status, driving and claims history, credit score, location, type of vehicle, and
coverage levels.
I have a clean driving record. Why is my car insurance rate
here in Lake Monroe, FL increasing?
Despite maintaining a clean driving record, your car insurance rates
in Lake Monroe, Florida, may be increasing due to several external factors.
Florida has
experienced significant rate hikes recently, with average premiums rising by 25.5% in
2023, largely attributed to higher claims volumes and inflation.
Additionally, Lake Monroe's high urban population density, raised
auto
theft rates, and frequent natural disasters contribute to increased insurance costs.
Car Insurance Premiums by Age in Lake Monroe
It is quite evident why teen drivers pay the highest car insurance
rates in any city. Their lack of experience and increased accident rates make them a highly
risky category. However, as you grow older, your car insurance rates will decrease. So, it
is better to not have separate policies for teens; instead, add them to their parents'
policies.
Cheapest Car Insurance Companies Based on Age Group
Age Group
Cheapest Companies
Avg. 6 Mo. Premium
20s
Travelers
$1219
40s
Travelers
$920
50s
Travelers
$858
60s
Travelers
$846
Cheapest Car Insurance Rates for Teen Drivers in
Lake Monroe,FL
If you are planning to get a car insurance policy for your teenage
dependent, Nationwide provides the cheapest car
insurance in the Lake Monroe at $85
per
month. At $7633 for a six-month premium,
Farmers offers the most expensive rate for
teen drivers.
If you are in your twenties Travelers is
the best choice for car
insurance in Lake Monroe.
As young drivers face the highest rates in Lake Monroe, Travelers
offers the cheapest auto insurance rates at $1219 for six months.
Car Insurance Rates by Credit Score & Driving History
Similar to your driving history, your financial history also plays a
key role in determining your auto insurance rates. A low credit score would mean a lapse in
payment and increased chances of filing claims, which results in higher auto insurance
rates. Therefore, the higher the credit score, the lower the car insurance rates will be.
Cheapest Car Insurance Companies for Bad Credit
For those with poor credit scores in Lake Monroe,
Nationwide is
the cheapest car insurance provider. At $608 for a six-month premium, they offer
the best
rates in the city. The most expensive auto insurance rate for drivers with bad credit in
Lake Monroe is Allstate, offering
rates of around $4880 for six
months.
Save up to $971/yr on car insurance rates in Lake Monroe.
Car Insurance Rates with An Accident in Lake Monroe
Both accidents and the resulting increase in insurance rates are often
beyond our control. When you’re involved in an accident, you become riskier to insure,
consequently increasing the rates. In Lake Monroe, FL,
accidents can lead to
significant hikes in your premiums.
Cheapest Car Insurance Companies after an At-Fault Accident
in Lake Monroe
The cheapest car insurance companies after an at-fault accident in
Lake Monroe include Nationwide
and AIG, offering $642
and $821,
respectively. National General is an expensive provider
with an average six-month premium of
$994.
Here is a list of driving violations that can increase your car
insurance rates in Lake Monroe FL. For example, the car
insurance in Lake Monroe
after a DUI increases to $881 for a six
month policy. While the rate increases by $267 for a six-month policy in the case of
a speeding ticket.
Lake Monroe auto insurance quotes by violations
Accident/Violation
Avg. 6 Mo Premium
Avg. Monthly Premium
None
$1715
$286
One Med/PIP claim
$1715
$291
Not-at-fault accident
$1854
$309
Two Med/PIP claims
$1904
$323
One comp claim
$1932
$322
Child safety restraint
$1937
$329
Failure to wear a seat belt
$1937
$323
Driving without lights
$1943
$330
Failure to show documents
$1943
$324
Speeding 6 - 10 MPH over limit
$1982
$337
Improper passing
$1988
$331
Passing school bus
$1988
$338
Wrong way/wrong lane
$1988
$331
Failure to stop at a red light
$1994
$339
Failure to yield
$1994
$332
Illegal turn
$1994
$339
Cell phone violation
$1999
$333
Driving with expired registration
$1999
$340
Following too closely
$1999
$333
Texting while driving
$2004
$341
Two comp claims
$2049
$341
Driving too slowly
$2060
$351
Speeding in school zone
$2060
$343
Speeding 11 - 15 MPH over limit
$2066
$352
In 65 MPH zone
$2139
$356
Speeding 16 - 20 MPH over limit
$2139
$364
Speeding 21 - 25 MPH over limit
$2150
$358
Open container
$2172
$369
Operating a vehicle without permission
$2172
$362
At-fault accident - less than $1000
$2357
$400
At-fault accident - $1000-$2000
$2395
$400
At-fault accident - greater than $2000
$2395
$407
Racing
$2591
$431
DUI
$2596
$442
Refusal to submit to a chemical test
$2596
$432
Driving with a suspended license
$2641
$449
Reckless driving
$2697
$449
Leaving scene of an accident/hit and run
$2725
$463
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Way Tip
Avoid Having A DUI On Your Driving Record.
A DUI can increase your car insurance rates—by $5,000 to $10,000 over
five years. Speeding, reckless driving, and at-fault accidents also raise rates, staying on
your record for 3–5 years, while DUIs/DWIs can impact you longer.
Car Insurance Rates in Lake Monroe after a
DUI
There may have been times when you drank but chose not to
drive—a smart and responsible decision, as most states treat DUIs as a serious
offense. Your car insurance rates can double after a DUI charge, making it harder to
find affordable coverage in Lake Monroe.
The cheapest car insurance premiums in
Lake Monroe are
offered by AIG at $603 for a six-month policy.
However, it can be as
expensive as $748 with companies
like National General.
One of the easiest ways to save money on car insurance is
to stay within the speed limit. After a speeding violation, the cheapest car
insurance premiums in Lake Monroe are offered by Nationwide
at $525. However,
it can be as expensive as $2725
with companies like Farmers for a similar
six-month premium.
Cheapest Car Insurance in Lake Monroe after Speeding ticket
Car Insurance Price Trends in Lake Monroe,
Florida
Car insurance rates in Lake Monroe have fluctuated due to factors
such as state regulations, inflation, and changing driving habits.
The average cost of full coverage in the Lake Monroe remained steady at $259 in both December and November, indicating no change over the two month period.
The average cost of liability insurance in the Lake Monroe remained steady at $79 in both December and November, indicating no change over the two month period.
Average Car Insurance Cost in Lake Monroe by ZIP
Code
The crime rate, the number of accidents, and the probability of
natural calamities all determine the car insurance rates in different neighborhoods in the
Lake Monroe. At $N/A for a
six-month policy, insuring
your car at N/A is the cheapest
in the city.
Zip Code
Average 6 Mo. Premium
Avg. Monthly Premium
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Frequently Asked Questions
How much is car insurance in Lake Monroe?
The car insurance in Lake Monroe is $20 per month, which is lower than the national average.
What is the cheapest car insurance in Lake Monroe?
The cheapest car insurance in Lake Monroe
is $162 per month
for full coverage.
How much is car insurance in Lake Monroe for teenagers?
Car insurance for teenagers costs $509 per 6 months. The
rates for
teen drivers are higher due to their lack of experience as drivers.
What's the average cost of car insurance in
Lake Monroe?
The average cost of car insurance is $1601 for a six-month
policy. It will cost around $253 per month to insure your
car in Lake Monroe.
Is car insurance expensive in Lake Monroe?
Car insurance can be expensive in Lake Monroe if your
rating
factors are not favorable. However, with a clean driving record and good
credit
score, car insurance rates in Lake Monroe can be
affordable.
What is the best car insurance in Lake Monroe,
FL?
The best car insurance company in Lake Monroe
FL is
Travelers, offering $961 for a
six-month policy.
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Lake Monroe Car Insurance
