Cheapest Car Insurance In Panama City, FL 2024
If you’re in Panama City, GEICO provides the lowest rates for basic car insurance, costing around $37 a month.
We’ve saved shoppers an average of $600 per year on their car insurance.
In Panama City, FL, the cheapest car insurance rates can differ quite a bit depending on where you look.
GEICO ranks as the cheapest option for liability-only coverage, with Progressive offering great rates for full coverage and State Farm catering to young drivers with low premiums.
Cheapest And Best Car Insurance In Panama City, FL 2024
Cheapest Liability-only Car Insurance In Panama City: Chubb
GEICO stands out as the least expensive option for minimum car insurance in Panama City, charging around $37 a month on average.
Check the table below to see how different insurance companies’ rates stack up.
| Provider | Average Monthly Cost | Average Annual Cost |
| Chubb | $34 | $403 |
| Auto-Owners | $110 | $1,312 |
| Encompass | $96 | $1,130 |
| Progressive | $98 | $1,145 |
| GEICO | $103 | $1,227 |
Cheapest Full Coverage Insurance Rates In Panama City: Chubb
For full coverage in Panama City, Progressive provides the most affordable rates, costing about $92 a month on average.
This table compares average auto insurance quotes from low-cost insurers in Panama City.
| Provider | Average Monthly Cost | Average Annual Cost |
| Chubb | $84 | $1,006 |
| Auto-Owners | $199 | $2,370 |
| GEICO | $152 | $1,820 |
| State Farm | $412 | $4,937 |
| Farmers | $840 | $10,030 |
Cheapest Car Insurance Rates For Seniors: Chubb
For seniors in Panama City, State Farm provides the lowest car insurance rates, averaging $87 a month.
This table showcases average quotes from budget-friendly auto insurance companies for seniors.
| Provider | Average Monthly Cost | Average Annual Cost |
| Chubb | $69 | $820 |
| Auto-Owners | $208 | $2,486 |
| GEICO | $153 | $1,832 |
| State Farm | $390 | $4,670 |
| Farmers | $745 | $8,930 |
Cheapest Rates In Panama City For Teenagers: Progressive
For teens in Panama City, State Farm provides the cheapest quotes, costing an average of $313 per month.
This table displays the cheapest car insurance options for teenagers.
| Provider | Average Monthly Cost | Average Annual Cost |
| Progressive | $350 | $4,199 |
| Travelers | $989 | $11,834 |
| Auto-owners | $351 | $4,210 |
| State Farm | $1,159 | $13,904 |
| Farmers | $173 | $20,620 |
Cheapest Auto Insurance For Young Adults in Panama City: GEICO
State Farm stands out as the cheapest insurer for young adults in Panama City, offering rates of $238 per month on average.
Below is a table highlighting the most budget-friendly auto insurance rates in Panama City for young adult drivers.
| Provider | Average Monthly Cost | Average Annual Cost |
| GEICO | $153 | $1,825 |
| Progressive | $167 | $2,000 |
| Travelers | $210 | $2,520 |
| Auto-Owners | $212 | $2,540 |
| State Farm | $473 | $5,670 |
Cheapest Car Insurance In Panama City For Good Drivers: Chubb
For safe drivers in Panama City, GEICO provides the cheapest car insurance, costing around $37 per month.
The table below shows average quotes from affordable insurance companies for good drivers.
| Provider | Average Monthly Cost | AverageAnnual Cost |
| Chubb | $34 | $403 |
| Auto-Owners | $110 | $1,312 |
| Encompass | $96 | $1,130 |
| Progressive | $98 | $1,145 |
| GEICO | $103 | $1,227 |
Find affordable Panama City rates
Cheapest Car Insurance In Panama City After A Speeding Ticket: USAA
For drivers with a speeding ticket in Panama City, State Farm offers competitive rates, averaging $176 per month.
Below, you’ll find a table showing average rates for drivers with a speeding violation.
| Provider | Average Monthly Cost | Average Annual Cost |
| USAA | $191 | $2,292 |
| Progressive | $193 | $2,306 |
| State Farm | $618 | $7,410 |
| Auto-owners | $262 | $3,142 |
| Farmers | $1,086 | $13,020 |
Cheapest For Drivers With After At-Fault Accident: Progressive
In Panama City, drivers with an at-fault accident can get the cheapest insurance from State Farm, with rates averaging $193 a month.
Below are the car insurance providers offering the most affordable rates for drivers with an at-fault accident.
| Provider | Average Monthly Cost | Average Annual Cost |
| Progressive | $206 | $2,469 |
| GEICO | $407 | $4,880 |
| Auto-Owners | $231 | $2,772 |
| State Farm | $496 | $5,940 |
| Farmers | $1,143 | $13,690 |
Cheapest Rates In Panama City For Drivers After A DUI: Progressive
In Panama City, State Farm is the cheapest option for drivers with a DUI, with average monthly rates of $188.
Drivers in Panama City with a DUI can use the table below to find the lowest insurance rates.
| Provider | Average Monthly Cost | Average Annual Cost |
| Progressive | $170 | $2,025 |
| Travelers | $784 | $9,415 |
| Auto-Owners | $490 | $5,860 |
| State Farm | $1,075 | $12,890 |
| Farmers | $1,114 | $13,360 |
Best Car Insurance Companies In Panama City
Panama City drivers can find the lowest insurance rates with AAA California for $83 per month, while Progressive and GEICO follow at $90 and $93, respectively.
Shown here are the 10 best car insurance companies in Panama City, FL, ordered by their average monthly rates.
| Company | Monthly Premium |
| Chubb | $34 |
| Progressive | $98 |
| Auto-Owners | $110 |
| West Field | $109 |
| State Farm | $320 |
| GEICO | $96 |
| Farmers | $402 |
| Encompass | $96 |
| Pioneer State | $120 |
| Hanover | $740 |
Average Auto Insurance Rates In Panama City – By Age
Insurance companies factor in age when calculating rates, with young drivers typically paying more because of their lack of experience and higher accident rates. Teen drivers may pay around $7,599 annually.
Drivers tend to experience a decrease in insurance rates around the age of 25, assuming their driving record is spotless.
Drivers in their 50s and early 60s frequently receive the best insurance rates, with age playing a role in assessing risk and experience.
| Age | Average Yearly Rate |
| Teenagers | $6,499 |
| 20s | $2,180 |
| 30s | $1,790 |
| 40s | $1,768 |
| 50s | $1,550 |
| 60s | $1,364 |
| 70s | $1,205 |
Average Cost Of Auto Insurance In Panama City – By Zip Code
Car insurance rates differ by zip code because insurers use this information to assess crime rates in your region.
The table below provides average insurance rates for each zip code in Panama City.
| Zip Code | Average Monthly Rate |
| 48235 | $160 |
| 48238 | $156 |
| 48216 | $171 |
| 48210 | $152 |
| 48206 | $165 |
Average Rates In Panama City – By Vehicle
The vehicle you drive is a key factor in your insurance rates. Insurers assess the make, model, year, and body type, and newer luxury cars with advanced features usually come with steeper costs.
The table below lists the average car insurance rates in Panama City, broken down by vehicle type.
| Vehicle | Average Monthly Rate |
| Toyota Camry | $130 |
| Chevrolet Equinox | $182 |
| Nissan Rogue | $190 |
| Honda Civic | $140 |
| Ford F-150 | $171 |
How Much Is Car Insurance In Other Cities in Michigan?
Your location has a strong impact on your car insurance rates. Cities, with higher accident, theft, and vandalism rates, generally lead to higher premiums.
In Los Angeles, car insurance premiums average $243 monthly, while in San Diego, the average rate is about $176 per month.
| City | Average Monthly Rate |
| Grand Rapids | $96 |
| Ann Arbor | $104 |
| Lansing | $95 |
| Flint | $111 |
| South Field | $140 |
| Dearborn | $170 |
| Saginaw | $102 |
| Kalamazoo | $95 |
| Troy | $122 |
| Muskegon | $98 |
Find affordable Panama City rates
Our Methodology
I’ve developed a detailed perspective on car insurance providers in Panama City, FL by analyzing customer service ratings, product offerings, pricing, and a wide range of online reviews.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
FAQs
Who has the lowest car insurance rates in Panama City?
For minimum coverage, GEICO offers the best rates in Panama City, while Progressive offers the most affordable full coverage, including both comprehensive and collision coverage.
What is the average cost of car insurance in Panama City?
The average monthly car insurance cost in Panama City is approximately $180, but rates can change depending on your zip code, the year and model of your vehicle, and your driving history.
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