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Finding the cheapest car insurance quotes in Lakewood 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 Lakewood
The car insurance rate in Lakewood is $914 for a six-month policy, which is $98 higher than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $479, making it a popular choice for budget-conscious drivers. Rates in Lakewood 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 $479 for a six
month policy, AutoOwners Insurance Co offers
the cheapest
auto
insurance rates in the city.
2nd place: Erie
Erie offers auto
insurance rates at $505 for a
six-month policy,
making it one of the cheapest to insure with.
3rd place: Westfield
Westfield offers auto insurance
rates at $505
for six months, making it
the third cheapest auto insurance company in Lakewood.
Lakewood Car Insurance Rates by Company
Based on our research, the cheapest car insurance company in Lakewood, TN is AutoOwners Insurance Co, offering policies at just $479 for a six-month term. This is followed by Erie, which has an average six-month premium of $505.
At the higher end of the spectrum, Progressive is the most expensive, with rates reaching $1530 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Lakewood drivers find the best deals.
Way's key takeaways about car insurance in Lakewood
The auto insurance costs in Lakewood fall around $479 for six
months.
The cheapest auto insurance company in Lakewood is Westfield.
Teen drivers pay the highest rate in Lakewood at $54 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 Lakewood
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 Lakewood are given below.
Westfield provides
the cheapest minimum car insurance
coverage in Lakewood. Their Average 6 Month Premium is $153.
AutoOwners is the most
expensive at $220 for the same
period.
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 Lakewood is AutoOwners Insurance Co
at $80 per month and $479
for six months.
Cheapest Full Coverage Car Insurance Quotes in Lakewood,
TN
Get Your Car Insurance Quote in Lakewood
Instantly!
Average Car Insurance in Lakewood 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 Lakewood, TN increasing?
Despite maintaining a clean driving record, your car insurance rates
in Lakewood, Tennessee, may be increasing due to several external factors.
Tennessee has
experienced significant rate hikes recently, with average premiums rising by 25.5% in
2023, largely attributed to higher claims volumes and inflation.
Additionally, Lakewood's high urban population density, raised
auto
theft rates, and frequent natural disasters contribute to increased insurance costs.
Car Insurance Premiums by Age in Lakewood
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
Penn National
$679
30s
Penn National
$467
40s
Penn National
$423
50s
Penn National
$392
60s
Penn National
$411
70s
Penn National
$473
Cheapest Car Insurance Rates for Teen Drivers in
Lakewood,TN
If you are planning to get a car insurance policy for your teenage
dependent, Westfield provides the cheapest car
insurance in the Lakewood at $30
per
month. At $319 for a six-month premium,
State Farm offers the most expensive rate for
teen drivers.
If you are in your twenties Penn National is
the best choice for car
insurance in Lakewood.
As young drivers face the highest rates in Lakewood, Penn National
offers the cheapest auto insurance rates at $679 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 Lakewood,
Tennessee Farm Bureau is
the cheapest car insurance provider. At $213 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
Lakewood is Erie, offering
rates of around $419 for six
months.
Save up to $971/yr on car insurance rates in Lakewood.
Car Insurance Rates with An Accident in Lakewood
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 Lakewood, TN,
accidents can lead to
significant hikes in your premiums.
Cheapest Car Insurance Companies after an At-Fault Accident
in Lakewood
The cheapest car insurance companies after an at-fault accident in
Lakewood include Tennessee Farm Bureau
and Farm Bureau of Tennessee, offering $186
and $193,
respectively. Grange is an expensive provider
with an average six-month premium of
$360.
Here is a list of driving violations that can increase your car
insurance rates in Lakewood TN. For example, the car
insurance in Lakewood
after a DUI increases to $1111 for a six
month policy. While the rate increases by $213 for a six-month policy in the case of
a speeding ticket.
Lakewood auto insurance quotes by violations
Accident/Violation
Avg. 6 Mo Premium
Avg. Monthly Premium
None
$1111
$185
Not-at-fault accident
$1118
$190
One Med/PIP claim
$1124
$187
One comp claim
$1138
$194
Two comp claims
$1151
$192
Two Med/PIP claims
$1151
$196
Failure to wear a seat belt
$1277
$213
Failure to show documents
$1297
$221
Child safety restraint
$1304
$217
Driving without lights
$1304
$222
Cell phone violation
$1324
$221
Driving with expired registration
$1324
$225
Speeding 6 - 10 MPH over limit
$1324
$221
Driving too slowly
$1331
$226
Speeding 11 - 15 MPH over limit
$1331
$222
Speeding in school zone
$1331
$226
Failure to yield
$1337
$223
Following too closely
$1337
$227
Illegal turn
$1337
$223
Speeding 16 - 20 MPH over limit
$1337
$227
Texting while driving
$1337
$223
Improper passing
$1351
$230
Wrong way/wrong lane
$1351
$225
Failure to stop at a red light
$1357
$231
In 65 MPH zone
$1378
$230
Speeding 21 - 25 MPH over limit
$1410
$240
At-fault accident - less than $1000
$1430
$239
Passing school bus
$1430
$243
Operating a vehicle without permission
$1516
$253
Open container
$1530
$260
At-fault accident - $1000-$2000
$1650
$276
At-fault accident - greater than $2000
$1650
$280
Reckless driving
$2082
$347
Racing
$2089
$355
Driving with a suspended license
$2143
$357
Refusal to submit to a chemical test
$2182
$371
DUI
$2222
$371
Leaving scene of an accident/hit and run
$2222
$377
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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 Lakewood 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 Lakewood.
The cheapest car insurance premiums in
Lakewood are
offered by Tennessee Farm Bureau at $292 for a six-month policy.
However, it can be as
expensive as $1836 with companies
like Allstate.
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 Lakewood are offered by Westfield
at $179. However,
it can be as expensive as $306
with companies like Progressive for a similar
six-month premium.
Cheapest Car Insurance in Lakewood after Speeding ticket
Car insurance rates in Lakewood have fluctuated due to factors
such as state regulations, inflation, and changing driving habits.
The average cost of full coverage in the Lakewood remained steady at $108 in both December and November, indicating no change over the two month period.
The average cost of liability insurance in the Lakewood remained steady at $41 in both December and November, indicating no change over the two month period.
Average Car Insurance Cost in Lakewood 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
Lakewood. 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 Lakewood?
The car insurance in Lakewood is $26 per month, which is lower than the national average.
What is the cheapest car insurance in Lakewood?
The cheapest car insurance in Lakewood
is $80 per month
for full coverage.
How much is car insurance in Lakewood for teenagers?
Car insurance for teenagers costs $179 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
Lakewood?
The average cost of car insurance is $816 for a six-month
policy. It will cost around $153 per month to insure your
car in Lakewood.
Is car insurance expensive in Lakewood?
Car insurance can be expensive in Lakewood if your
rating
factors are not favorable. However, with a clean driving record and good
credit
score, car insurance rates in Lakewood can be
affordable.
What is the best car insurance in Lakewood,
TN?
The best car insurance company in Lakewood
TN is
AutoOwners Insurance Co, offering $479 for a
six-month policy.
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Find Car Insurance Rates in Cities Near Lakewood, TN
Car Insurance Rates by State in the USA (2025 Update)
Lakewood Car Insurance
