Cheapest Car Insurance Quotes in Margate

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Margate Car Insurance

^$ 79

/mo

Written by Sara Sam

Edited by Renee Martin

Why you can trust Way?

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 Margate

The car insurance rate in Margate is $2129 for a six-month policy, which is $504 higher than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $1268, making it a popular choice for budget-conscious drivers. Rates in Margate 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.

Avg. Car Insurance in Margate

$2129

Avg. Car Insurance in Florida

$1625

National Average

$1278

Cheapest Car Insurance Companies in Margate

1st place: Travelers

At $1268 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 $1416 for a six-month policy, making it one of the cheapest to insure with.

3rd place: Nationwide

Nationwide offers auto insurance rates at $1548 for six months, making it the third cheapest auto insurance company in Margate.

Margate Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Margate, FL is Travelers, offering policies at just $1268 for a six-month term. This is followed by State Farm, which has an average six-month premium of $1416.

At the higher end of the spectrum, Farmers is the most expensive, with rates reaching $3128 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Margate drivers find the best deals.

Cheap Car Insurance Companies in Margate, FL

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Travelers	$1268	$214
State Farm	$1416	$238
Nationwide	$1548	$261
Progressive	$1641	$276
United Automobile Ins Group	$1789	$299
UAIC	$1961	$334
Allstate	$3198	$533
Mercury	$3377	$574
MetLife	$1969	$335
Farmers	$3128	$521

Key Takeaways

Way's key takeaways about car insurance in Margate

The auto insurance costs in Margate fall around $1268 for six months.
The cheapest auto insurance company in Margate is Travelers.
Teen drivers pay the highest rate in Margate at $1809 per month.

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Cheapest Minimum Liability Car Insurance in Margate

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 Margate are given below.

Travelers provides the cheapest minimum car insurance coverage in Margate. Their Average 6 Month Premium is $466. Farmers is the most expensive at $863 for the same period.

Cheapest Liability Coverage in Margate, FL

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Travelers	$466	$79
State Farm	$506	$85
Mercury	$561	$94
Nationwide	$622	$106
MetLife	$654	$109
AIG	$731	$124
Progressive	$918	$155
United Automobile Ins Group	$942	$160
UAIC	$1019	$170
Allstate	$1167	$197
Patrons Insurance	$164	$28
Farmers	$863	$144

Cheapest Full Coverage Car Insurance in Margate

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 Margate is Travelers at $214 per month and $1268 for six months.

Cheapest Full Coverage Car Insurance Quotes in Margate, FL

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Travelers	$1268	$214
State Farm	$1416	$238
Nationwide	$1548	$261
Progressive	$1641	$276
United Automobile Ins Group	$1789	$299
UAIC	$1961	$334
Allstate	$3198	$533
Mercury	$3377	$574
MetLife	$1969	$335
Farmers	$3128	$521

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Average Car Insurance in Margate 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 Margate, FL increasing?

Despite maintaining a clean driving record, your car insurance rates in Margate, 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, Margate's high urban population density, raised auto theft rates, and frequent natural disasters contribute to increased insurance costs.

Car Insurance Premiums by Age in Margate

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

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Cheapest Car Insurance Rates for Teen Drivers in Margate,FL

If you are planning to get a car insurance policy for your teenage dependent, Nationwide provides the cheapest car insurance in the Margate at $118 per month. At $10637 for a six-month premium, Farmers offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Nationwide	$709	$118
AIG	$958	$162
Travelers	$2086	$351
State Farm	$2506	$422
UAIC	$3338	$562
United Automobile Ins Group	$4412	$751
Allstate	$5447	$917
Progressive	$7011	$1180
Mercury	$8295	$1396
Farmers	$10637	$1809

Teen Car Insurance Rates in FL by Age

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 Margate, Nationwide is the cheapest car insurance provider. At $848 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 Margate is Farmers, offering rates of around $4327 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Nationwide	$848	$144
Mercury	$926	$155
Direct General Insurance	$965	$164
UAIC	$1876	$313
Travelers	$2054	$346
Progressive	$3610	$601
Allstate	$6334	$1077
State Farm	$6482	$1081
Farmers	$4327	$736

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Car Insurance Rates with An Accident in Margate

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 Margate, FL, accidents can lead to significant hikes in your premiums.

Cheapest Car Insurance Companies after an At-Fault Accident in Margate

The cheapest car insurance companies after an at-fault accident in Margate include Nationwide and AIG, offering $895 and $1144, respectively. Farmers is an expensive provider with an average six-month premium of $4365.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Nationwide	$895	$149
AIG	$1144	$194
State Farm	$1331	$224
Travelers	$1355	$228
United Automobile Ins Group	$2327	$388
Mercury	$2404	$405
UAIC	$2435	$406
Progressive	$3190	$537
Allstate	$5680	$956
Farmers	$4365	$727

Margate Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Margate FL. For example, the car insurance in Margate after a DUI increases to $1229 for a six month policy. While the rate increases by $374 for a six-month policy in the case of a speeding ticket.

Margate auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$2389	$398
One Med/PIP claim	$2389	$406
Not-at-fault accident	$2583	$431
Two Med/PIP claims	$2654	$451
One comp claim	$2692	$449
Child safety restraint	$2700	$459
Failure to wear a seat belt	$2700	$451
Driving without lights	$2708	$460
Failure to show documents	$2708	$452
Speeding 6 - 10 MPH over limit	$2763	$470
Improper passing	$2771	$461
Passing school bus	$2771	$472
Wrong way/wrong lane	$2771	$461
Failure to stop at a red light	$2779	$473
Failure to yield	$2779	$462
Illegal turn	$2779	$473
Cell phone violation	$2786	$464
Driving with expired registration	$2786	$474
Following too closely	$2786	$464
Texting while driving	$2793	$476
Two comp claims	$2856	$476
Driving too slowly	$2872	$489
Speeding in school zone	$2872	$478
Speeding 11 - 15 MPH over limit	$2879	$490
In 65 MPH zone	$2980	$496
Speeding 16 - 20 MPH over limit	$2980	$507
Speeding 21 - 25 MPH over limit	$2996	$499
Open container	$3027	$515
Operating a vehicle without permission	$3027	$504
At-fault accident - less than $1000	$3284	$558
At-fault accident - $1000-$2000	$3338	$557
At-fault accident - greater than $2000	$3338	$567
Racing	$3610	$601
DUI	$3618	$616
Refusal to submit to a chemical test	$3618	$603
Driving with a suspended license	$3681	$626
Reckless driving	$3758	$626
Leaving scene of an accident/hit and run	$3798	$646

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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 Margate 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 Margate.

The cheapest car insurance premiums in Margate are offered by AIG at $841 for a six-month policy. However, it can be as expensive as $3557 with companies like Farmers.

Margate car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
AIG	$841	$143
Travelers	$1377	$232
Progressive	$1580	$266
State Farm	$1898	$320
Allstate	$2568	$432
UAIC	$3300	$550
Farmers	$3557	$592

Cheapest car insurance after a speeding ticket

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 Margate are offered by Nationwide at $731. However, it can be as expensive as $3798 with companies like Farmers for a similar six-month premium.

Cheapest Car Insurance in Margate after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Nationwide	$731	$122
State Farm	$926	$156
Travelers	$1051	$177
Allstate	$2755	$464
UAIC	$3012	$502
Progressive	$3689	$627
Farmers	$3798	$646

Car Insurance Price Trends in Margate, Florida

Car insurance rates in Margate have fluctuated due to factors such as state regulations, inflation, and changing driving habits.

The average cost of full coverage in the Margate dipped by $335 in January compared to $362 of December. In other words, there has been an decrease by $27 when you compare January and December.

The average cost of liability insurance in the Margate dipped to $109 in January, compared to $110 in December. This represents an decrease of $1 when comparing January and December.

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Frequently Asked Questions

How much is car insurance in Margate?

The car insurance in Margate is $79 per month, which is lower than the national average.

What is the cheapest car insurance in Margate?

The cheapest car insurance in Margate is $214 per month for full coverage.

How much is car insurance in Margate for teenagers?

Car insurance for teenagers costs $709 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 Margate?

The average cost of car insurance is $1625 for a six-month policy. It will cost around $358 per month to insure your car in Margate.

Is car insurance expensive in Margate?

Car insurance can be expensive in Margate if your rating factors are not favorable. However, with a clean driving record and good credit score, car insurance rates in Margate can be affordable.

Cheapest Car Insurance Quotes in Margate

Why you can trust Way?

How Much Is Car Insurance in Margate

Avg. Car Insurance in Margate

Avg. Car Insurance in Florida

National Average

Cheapest Car Insurance Companies in Margate

1st place: Travelers

2nd place: State Farm

3rd place: Nationwide

Margate Car Insurance Rates by Company

Cheap Car Insurance Companies in Margate, FL

Way's key takeaways about car insurance in Margate

High Rates Shouldn’t Drive You Out of Pocket.

Cheapest Minimum Liability Car Insurance in Margate

Cheapest Liability Coverage in Margate, FL

Cheapest Full Coverage Car Insurance in Margate

Cheapest Full Coverage Car Insurance Quotes in Margate, FL

Don't Let Hidden Costs Drive You Crazy

Average Car Insurance in Margate by Rating Factor

I have a clean driving record. Why is my car insurance rate here in Margate, FL increasing?

Car Insurance Premiums by Age in Margate

Cheapest Car Insurance Companies Based on Age Group

Cheapest Car Insurance Rates for Teen Drivers in Margate,FL

If you are in your twenties N/A is the best choice for car insurance in Margate.

Car Insurance Rates by Credit Score & Driving History

Cheapest Car Insurance Companies for Bad Credit

Escape the Trap of Rising Insurance Costs.

Car Insurance Rates with An Accident in Margate

Cheapest Car Insurance Companies after an At-Fault Accident in Margate

Margate Car Insurance Rates by Violation

Margate auto insurance quotes by violations

Your Wallet Deserves Better. Seriously.

Avoid Having A DUI On Your Driving Record.

Car Insurance Rates in Margate after a DUI

Margate car insurance quotes with a DUI

Cheapest car insurance after a speeding ticket

Cheapest Car Insurance in Margate after Speeding ticket

Car Insurance Price Trends in Margate, Florida

Average Car Insurance Cost in Margate by ZIP Code

Frequently Asked Questions

Tired of Insane Auto Insurance Bills? Us Too!

Find Car Insurance Rates in Cities Near Margate, FL

Car Insurance Rates by State in the USA (2025 Update)

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