Cheapest Auto Insurance in Palm Bay, Florida (2024)

State Farm offers the cheapest quotes in Palm Bay, with rates as low as $60 per month.

Jacqueline DeMarco
Jacqueline DeMarco
  • 13+ years writing insurance and personal finance content

  • Insurance, lending, and retirement expert

Jacqueline has contributed content, and her personal finance passion, to dozens of noteworthy financial brands, including Credit Karma, Bankrate, and MagnifyMoney.

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Courtney Mikulski
Courtney MikulskiSenior Editor, Auto
  • 3+ years producing insurance and personal finance content

  • Main architect of the Insurify Quality Score

Courtney’s deep personal finance knowledge extends beyond insurance to credit cards, consumer lending, and banking. She thrives on creating actionable content.

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Updated April 22, 2024

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Cheapest recent rates near Palm Bay, Florida

Drivers using Insurify have found quotes as cheap as $52/mo for liability only and $81/mo for full coverage in Palm Bay and other Florida cities.

*Quotes generated for Insurify users in and around Palm Bay, Florida within the last 10 days. Last updated on April 22, 2024

Rates shown are real-time Insurify user quotes from 100+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from April 22, 2024. Actual quotes may vary based on the policy buyer’s unique driver profile.

*Quotes generated for Insurify users in and around Palm Bay, Florida within the last 10 days. Last updated on April 22, 2024

Rates shown are real-time Insurify user quotes from 100+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from April 22, 2024. Actual quotes may vary based on the policy buyer’s unique driver profile.

Year-round beach access is pretty dreamy but comes at a price. Palm Bay drivers spend an overall average of $224 per month on car insurance premiums. That’s similar to the state average of $257 per month but more than the national average of $158 per month.

As lovely as the weather is most of the year in Palm Bay, living in an area with hurricane risks can cause more expensive car insurance rates. To help you get a deal, here’s a look at how to find the cheapest car insurance in Palm Bay.[1]

Quick Facts
  • The average cost of car insurance in Palm Bay is $192 for liability coverage and $255 for full coverage.

  • State Farm is the cheapest insurer in Palm Bay for full coverage.

  • State Farm, Hugo, and GEICO are the best car insurance companies in Palm Bay.

3 of the cheapest car insurance companies in Palm Bay

The car insurance company you buy a policy from will play a big role in how much you spend. Do some research on which auto insurers can offer you the best price for the type of coverage and features you need to feel secure on the road. Here are some great options for cheap car insurance in Palm Bay.

Insurance CompanyIQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
Full CoverageLiability OnlyBest For
State Farm4.5$81$70Discounts
GEICO4.2$83$72Bundling
Hugo3.3$103$77Temporary coverage
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
  • Our editorial team spent 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. Criteria are weighted by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.

    We rate each company on a 1 to 5 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. We update ratings once a year or as more recent information becomes available.

    • Third-party financial ratings: We use data from AM Best, S&P, Moody's, and more to compare insurance companies’ credit and ability to pay out future claims.
    • Customer satisfaction: To calculate this score, Insurify analyzed more than 20,000 customer reviews across 155 car insurance companies. We also considered third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
    • Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the United States, as well as available discounts, to calculate an affordability score.
    • Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
    • Availability and reach: Insurify identified the number of states in which insurers offer coverage and company size by market share to score availability and reach.

Best insurer for discounts: State Farm

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
4.4
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
842
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$60/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$70/mo

Because car insurance costs more in Palm Bay than in other parts of the country, it’s good that State Farm offers the lowest average premiums in this city and a wide variety of discounts. Completing defensive driving courses, earning good grades, and equipping safety features in your car can all lead to savings with this insurer.

Pros
  • No. 1 in J.D. Power customer satisfaction study in Florida

  • Multiple potential discounts

Cons
  • No gap insurance

  • No online enrollment

Read our State Farm review
Wanda Carole - April 22, 2024
Verified

Excellent

Check out other companies and their rates before making a decision.

Perry - April 22, 2024
Verified

Pricing

Be careful of the price quoted. It can change.

Sandra - April 21, 2024
Verified

Fair

They are the cheapest car insurance around.

Best insurer for bundling: GEICO

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
4.3
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
835
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$62/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$72/mo

Palm Bay isn’t just an expensive place to drive a car — it’s an expensive place to live. With average rent at almost $2,000 per month, being able to save on expenses like car insurance and renters insurance in one fell swoop is pretty convenient. GEICO offers a bundling discount for homeowners, condos, and mobile homes, so you can save on insurance no matter what type of property you live in.

Pros
  • Above-average J.D. Power customer satisfaction rating in Florida

  • Highly rated mobile app

Cons
  • No rideshare coverage available

  • No gap insurance available

Read our GEICO review
Rosita - April 22, 2024
Verified

Happy One Day, Sad the Next

One year, my policy was nice and low, but the next year they jacked it up. I didn't even do anything wrong. This really upset me. I never even got a reason why.

Gloria - April 22, 2024
Verified

Poor

Find another insurance company. Geico is too expensive and doesn't live up to their promises.

Louis - April 20, 2024
Verified

Excellent

Good service, good price.

Best insurer for temporary coverage: Hugo

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
3
A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
NR
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$67/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$76/mo

Hugo is a relatively new insurance company that offers coverage for policy terms as short as three days. And drivers can turn their coverage on and off as needed so they only pay for car insurance when they’re driving. This new coverage model can help Palm Bay drivers save on auto coverage.

Pros
  • Three plan types available

  • Micropayments available

Cons
  • No mobile app

  • No advertised discounts

Read our Hugo review
Stephanie - April 21, 2024
Verified

Bad Business

My car's registration has been suspended because Hugo failed to report to the state that I have insurance.

Ronald - March 8, 2024
Verified

Hugo gradually increases prices like other insurance companies

I was initially fond of Hugo. However, over the past year, they have increased their rates by almost $1 per day, which amounts to $30 per month. This increase happened despite no changes on my end, except for turning 35, an age I thought would result in a decrease in my rates.

Leo - March 4, 2024
Verified

Great Option for Liability Coverage

Excellent.

How to get the cheapest car insurance in Palm Bay

How you shop for the cheapest car insurance in Palm Bay can make all the difference when it comes to getting the best deals. Insurers consider several factors, including your age, ZIP code, driving record, and credit history. Here’s how you can get cheap coverage:

  • Compare quotes. When shopping for a new car insurance policy, get quotes from at least three companies. Compare these rates to see which company can offer you the best price for the coverage you need. You can also use a quote-comparison tool like Insurify to view multiple quotes and identify the lowest price.

  • Ask about discounts. Many car insurance companies offer a variety of discounts for things like having good grades, installing safety equipment in your car, or being a safe driver.

  • Bundle policies. If you choose an insurance company that also offers other insurance policies — like home insurance, renters insurance, business insurance, or life insurance — you can often save by purchasing more than one type of policy.

Find Cheap Car Insurance in Palm Bay, Florida

Liability quotes start at just $60 per month

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Cheapest liability-only car insurance in Palm Bay: State Farm

In Florida, liability-only car insurance provides coverage for other peoples’ damages and your injuries from an accident you cause. The personal injury protection portion of the policy covers your medical expenses and lost wages if you’re injured, and the property damage liability coverage takes care of repairs to others’ property. However, it doesn’t cover your own vehicle damage.

If you’re looking for the least expensive option for liability-only car insurance in Palm Bay, check out State Farm, which offers rates of $60 per month.

The following table outlines other affordable auto insurance companies in Palm Bay.

The below rates are estimated rates current as of: Wednesday, April 17 at 12:00 PM PDT
Insurance CompanyAverage Monthly Quote
State Farm60
GEICO62
Hugo67
Allstate105
Safeco116
Mile Auto117
Travelers125
Mercury130
Liberty Mutual137
Direct Auto140
Midvale Home & Auto156
Progressive158
Infinity178
Foremost186
Dairyland189
AssuranceAmerica207
Bristol West244
National General272
The General279
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Cheapest full-coverage car insurance in Palm Bay: State Farm

Liability-only car insurance covers damage to others in accidents you cause, while full-coverage insurance includes additional protection for your own vehicle. Full coverage combines liability, comprehensive, and collision coverages. This type of coverage is beneficial for new cars, financed vehicles, or any drivers seeking extensive protection.

Drivers can find the cheapest full-coverage insurance with State Farm, but the table below highlights other inexpensive Palm Bay car insurance companies.

The below rates are estimated rates current as of: Wednesday, April 17 at 12:00 PM PDT
Insurance CompanyAverage Monthly Quote
State Farm70
GEICO72
Hugo76
Allstate122
Travelers146
Mercury153
Safeco158
Mile Auto163
GAINSCO192
Infinity207
Liberty Mutual210
Midvale Home & Auto224
Direct Auto225
Progressive225
National General274
Foremost275
AssuranceAmerica282
Dairyland336
Bristol West349
The General396
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

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Car insurance requirements in Florida

To drive legally in the state of Florida, you must have proof of personal injury protection (PIP) and property damage liability (PDL) for the following amounts:[2]

CoverageMinimum Requirements
Personal injury protection$10,000 per accident
Property damage liability$10,000 per accident

If you have any questions about what types of additional coverage you may need, you can always work with an insurance agent to find the right policy. Adding extra coverage will result in higher rates but can give you better protection. Don’t be afraid to call an agent for help. Consider purchasing these optional types of coverage:

  • illustration card https://a.storyblok.com/f/162273/x/169fdfde11/liability-coverage.svg

    Collision coverage

    Collision coverage pays for damages from collisions with other vehicles or stationary objects, even if you’re at fault.

  • illustration card https://a.storyblok.com/f/162273/x/665da91bf7/comprehensive-coverage.svg

    Comprehensive coverage

    Comprehensive coverage pays for damages from non-collision events, like theft, falling objects, fire, vandalism, and natural disasters.

  • illustration card https://a.storyblok.com/f/162273/x/5285c4cd74/uninsured-or-underinsured-motorist-coverage.svg

    Uninsured/underinsured motorist coverage

    Uninsured/underinsured motorist coverage provides you coverage when someone without insurance or enough insurance causes an accident.

  • illustration card https://a.storyblok.com/f/162273/100x100/3220fb55f1/broken-windshield.svg

    Glass coverage

    When you have glass protection, issues like a busted windshield are covered.

Cheapest car insurance for drivers with an incident

Having negative incidents on your driving record, like speeding tickets, driving under the influence (DUI) convictions, at-fault accidents, and other moving violations, can lead to higher car insurance costs. These incidents tell car insurance companies that you’ll likely file future claims.

This table breaks down how different driving incidents can affect your car insurance quotes with a handful of different insurers.

The below rates are estimated rates current as of: Wednesday, April 17 at 12:00 PM PDT
Insurance CompanyClean Driving RecordWith Speeding TicketWith At-Fault AccidentWith DUI
State Farm60697491
GEICO62727894
Hugo67878493
Allstate105122132159
Safeco116148160176
Mile Auto117153165184
Travelers125148159189
Mercury130177188202
Liberty Mutual137173185207
Direct Auto140169182212
Progressive158192206239
Infinity178214214269
Dairyland189228243286
AssuranceAmerica207259272313
Bristol West244290306369
National General272319348412
The General279339363422
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Average cost of car insurance by age

Your age will play a role in your car insurance premiums. Teen drivers pay high rates because they lack driving experience and tend to engage in riskier behavior, making them more prone to accidents. Car insurance rates typically decrease around age 35, once drivers have more experience.

However, rates tend to increase around age 70 due to age-related factors, like declining vision and reaction time, which may raise the likelihood of accidents for senior drivers.

Check out this table to get an idea of how your age can affect your average monthly car insurance quote in Palm Bay.

AgeAverage Monthly Quote
Teens$433
20s$315
30s$274
40s$264
50s$244
60s$226
70s$231
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

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Palm Bay car insurance quotes by credit tier

While not all states allow it, in Florida, car insurance companies can take your credit history into account when determining your premiums.[3] Generally, auto insurance companies view drivers with excellent or good credit as less risky and offer cheaper rates to them than to drivers with poor credit.

Here’s how your credit affects your car insurance in Palm Bay.

Rates by Credit Tier

Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

Palm Bay car insurance FAQs

Learn about the types of car insurance coverages you can purchase for more protection on the road, and check out the answers to questions about auto coverage in Palm Bay.

  • How much is car insurance in Palm Bay?

    The average cost of car insurance in Palm Bay is $192 per month for liability coverage and $255 for full coverage.

  • Who has the cheapest car insurance in Palm Bay?

    State Farm, GEICO, and Hugo have the cheapest liability car insurance in Palm Bay, with rates of $60, $62, and $67 per month, respectively. The best way to find cheap coverage is to compare quotes from several companies to see which insurer offers you the best deal for the coverage you need.

  • What are the best car insurance companies in Palm Bay?

    Some of the best car insurance companies in Palm Bay that Insurify identified are GEICO, State Farm, and Hugo. These insurers have strong customer satisfaction ratings, plenty of discounts and coverage options, and high Insurify Quality Scores.

Methodology

Insurify data scientists analyzed more than 90 million quotes served to car insurance applicants in Insurify’s proprietary database to calculate the premium averages displayed on this page. These premiums are real quotes that come directly from Insurify’s 50+ partner insurance companies in all 50 states and Washington, D.C. Quote averages represent the median price for a quote across the given coverage level, driver subset, and geographic area.

Unless otherwise specified, quoted rates reflect the average cost for drivers between 20 and 70 years old with a clean driving record and average or better credit (a credit score of 600 or higher).

Liability-only premium averages correspond to policies with the following coverage limits:

  • Bodily injury limits between state-minimum rates and $50,000 per person, $100,000 per accident
  • Property damage limits between $10,000 and $50,000
  • No additional coverage
Full-coverage premium averages correspond to the same bodily injury and property damage limits in addition to:
  • Comprehensive coverage with a $1,000 deductible
  • Collision coverage with a $1,000 deductible

Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.

Sources

  1. City of Palm Bay Florida. "Hurricane Preparedness."
  2. Florida Department of Highway Safety and Motor Vehicles. "Florida Insurance Requirements."
  3. the Florida Senate. "626.9741 Use of credit reports and credit scores by insurers.."
Jacqueline DeMarco
Jacqueline DeMarco

During college, Jacqueline DeMarco interned at a retirement plan advisory firm and was tasked with creating a presentation on the importance of financial wellness. During her research into how money can affect our health, relationships and career, Jacqueline realized just how important financial education is. Jacqueline is a contributor for Insurify and has worked with more than a dozen financial brands, including LendingTree, Capital One, Credit Karma, Fundera, Chime, Bankrate, Student Loan Hero, ValuePenguin, SoFi, and Northwestern Mutual, providing thoughtful content to give readers insight into complex topics that they likely didn’t learn in school.

Courtney Mikulski
Edited byCourtney MikulskiSenior Editor, Auto
Courtney Mikulski
Courtney MikulskiSenior Editor, Auto
  • 3+ years producing insurance and personal finance content

  • Main architect of the Insurify Quality Score

Courtney’s deep personal finance knowledge extends beyond insurance to credit cards, consumer lending, and banking. She thrives on creating actionable content.

Featured in

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