Cheapest Auto Insurance in Panama City, Florida (2025)

If you live in Panama City, you can expect to pay an average of $157 per month for car insurance. While this means Panama City has some of the more affordable auto insurance rates in Florida, these rates are generally higher than those paid across the country.

Unfortunately, high rates are common in Florida. The state’s unpredictable weather and devastating hurricanes bear some of the blame, but it also has many uninsured and high-risk drivers. Insurance companies seek to spread out this risk by assigning higher rates to all insured drivers.

Here’s how to find cheap car insurance in Panama City, Florida.

Cheapest car insurance companies in Panama City

The best car insurance policy for you will depend on your driving and household needs. Some companies are more willing to insure drivers with incidents on their driving records.

The best way to find the best policy for you is to compare quotes from several different insurers. Included below are three of the top insurers in the area, as well as their average quotes in Florida for full-coverage and liability-only insurance.

Insurance Company	IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.	Full Coverage	Liability Only	Best For
State Farm	9.3	$114	$105	Affordable rates
GEICO	9.2	$168	$157	Coverage after a DUI
Mile Auto	8.8	$153	$113	Low-mileage drivers

Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

• How Insurify rates insurance companies

  Our editorial team spent more than 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. The team weighted criteria 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 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.

  • Third-party financial ratings: Insurify uses 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 55,000 customer reviews across 155 car insurance companies. We also consider 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 U.S., 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 scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.

Best insurer for affordable rates: State Farm

affordable rates

Compare Quotes

User Reviews	4.1 6,147 reviews
IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.	9.3 /10
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.	$81/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.	$87/mo

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Driver Reviews

4.1

Best choiceBased on 11,563 verified guest reviews and ratings

How drivers feel about State Farm

Customers appreciate the insurer’s excellent customer service and personal attention but dislike the high prices and frequent rate increases. They also express frustration with the claims process.

AI-generated from the text of verified reviews collected by Insurify

Best For

Customer service

Competitive rates

Discounts for safe drivers

How drivers feel about State Farm

Customers appreciate the insurer’s excellent customer service and personal attention but dislike the high prices and frequent rate increases. They also express frustration with the claims process.

AI-generated from the text of verified reviews collected by Insurify

Best For

Customer service

Competitive rates

Discounts for safe drivers

Reviews (6,147)

William

Verified Review

My Buzz on State Farm

Reviewed in Minnesota on September 2025

Shop for the same coverage for less money. State Farm is becoming more bottom-line oriented and less concerned about the value to the customer.

Mike

Verified Review

State Farm - Not the Worst

Reviewed in Florida on September 2025

Withstands historic losses with moderate price increases without major cancellations in Florida. Cancels policies in areas of highest risks from potential loss.

Deloy

Verified Review

Old, established customers get no breaks!

Reviewed in Utah on September 2025

I’ve been with State Farm for twenty-three years and have always had both multiple cars/trucks and home insurance coverage from them. For a while, I even had motorcycle coverage. We have never had issues with State Farm until the past two years. Their pricing has been very good, but our rates have been increased almost monthly! Their rates have gone up in this time period by thirty-plus percent! I’m now, after sixty-plus years, looking at lots of less expensive options!

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Our Advice

JD Power

J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.

657

NAIC Index

Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.

0.84

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).

A++

Why we picked this company

The nation’s leading insurer based on the number of policies written, State Farm offers some of the lowest rates in Florida. This means the company should be part of any insurance price comparison you start. State Farm also earns high marks for its customer service and financial stability.

Pros

• Excellent customer service ratings

• Easy online experiences

Cons

• Doesn’t offer gap coverage

• Can be expensive for drivers with poor credit

Best insurer for coverage after a DUI: GEICO

Coverage After a DUI

Compare Quotes

User Reviews	3.9 6,488 reviews
IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.	9.2 /10
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.	$122/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.	$124/mo

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Driver Reviews

3.9

A solid optionBased on 12,186 verified guest reviews and ratings

How drivers feel about GEICO

Customers appreciate the reliability and customer service but find the rates to be high and increase frequently, even without claims or accidents. The app has improved, but some find the claims process lacking.

AI-generated from the text of verified reviews collected by Insurify

Best For

Teen drivers

Cheap rates

Accident forgiveness

How drivers feel about GEICO

Customers appreciate the reliability and customer service but find the rates to be high and increase frequently, even without claims or accidents. The app has improved, but some find the claims process lacking.

AI-generated from the text of verified reviews collected by Insurify

Best For

Teen drivers

Cheap rates

Accident forgiveness

Reviews (6,488)

Gerard

Verified Review

I shopped around and Geico is the lowest priced.

Reviewed in Florida on September 2025

Go with Geico because they are the lowest priced.

Yvonne

Verified Review

Insurance Renewal Review – Loyalty vs. Better Rates

Reviewed in Florida on September 2025

We have had Geico now for over 10 years and have been pleased with the overall service, but unless our kids went off our insurance policy, our rates never went down, no matter what additional discounts we added on. Now we are down to three people and are still paying close to $750/month, so we started to get quotes for a better rate since longevity or loyalty does not get us any perks.

Cheryle

Verified Review

Fair

Reviewed in New York on September 2025

The premium increases every six months, even though I have no tickets or DUIs.

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Our Advice

JD Power

J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.

637

NAIC Index

Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.

0.59

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).

A++

Why we picked this company

Some companies refuse to insure drivers after a DUI because they see them as an almost guaranteed financial loss. But GEICO gives drivers a second chance in Panama City, and the company’s rates are generally more competitive than a lot of companies insuring drivers with DUIs.

Pros

• Will file an SR-22 or FR-44 with the courts on your behalf

• Offers comparatively lower rates for drivers with and without a DUI

Cons

• Local agent network can be limited

• Bundling discount smaller than with some other companies

Best insurer for low-mileage drivers: Mile Auto

low-mileage drivers

Compare Quotes

User Reviews	4.1 49 reviews
IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.	8.8 /10
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.	$97/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.	$130/mo

Show Details

Driver Reviews

4.1

Best choiceBased on 145 verified guest reviews and ratings

How drivers feel about Mile Auto

Drivers appreciate the quality service but find the rates high and claim processing slow.

AI-generated from the text of verified reviews collected by Insurify

Best For

Low-mileage drivers

Senior drivers

Cheap full coverage

How drivers feel about Mile Auto

Drivers appreciate the quality service but find the rates high and claim processing slow.

AI-generated from the text of verified reviews collected by Insurify

Best For

Low-mileage drivers

Senior drivers

Cheap full coverage

Reviews (49)

Mark

Verified Review

Mile Auto Insurance

Reviewed in Florida on September 2025

Don't buy Mile insurance if you drive great distances, i.e., 400 miles or more.

Lesheka

Verified Purchase

Surprise Prices

Reviewed in on August 2025

I don’t like high bills, and they told me one price, then it was higher than before. It went from $167 to $470, which is higher than Progressive. I should go back to them, plus I have put a down payment. So I’m not pleased.

Bryan

Verified Review

Happy Customer

Reviewed in Tennessee on August 2025

I would like them to mail me annual wallet-sized insurance cards to show my coverage.

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Our Advice

JD Power

J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.

NR

NAIC Index

Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.

2.18

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

Why we picked this company

Car insurance in Florida can be expensive, but one way to reduce your cost is to look at an insurer like Mile Auto, especially if you’re a low-mileage driver. Mile Auto charges based on the amount you drive, and this can be an intriguing option for seniors, people who work from home, and others who rarely use their vehicles.

Pros

• Provides unmatched control over your insurance costs

• Great for retirees and people who seldom drive

Cons

• Not accredited by the Better Business Bureau

• May not be the best choice for people who drive frequently or professionally

How to get the cheapest car insurance in Panama City

Insurance companies look at several factors when deciding car insurance rates, including your home ZIP code, how many miles you drive, your credit history, your age, your driving record, and more.

Some of these considerations are outside your control, but here are some things you can do to reduce your car insurance rates:

• Compare several quotes at once. Pull quotes from several insurance companies with roughly the same coverage, and compare them directly to see how they stack up against one another.

• Take advantage of discounts. Insurers offer several different discounts for things like bundling, getting good grades, being a safe driver, and more. Ask your insurer what discounts are available to see what you may qualify for.

• Maintain a safe driving record. An incident like a speeding ticket, at-fault accident, or DUI can have a dramatic effect on your insurance rates. While accidents can’t always be avoided, you can easily ward against speeding or DUI to protect your insurance rates.

Find Cheap Car Insurance in Panama City, Florida

Liability rates start at $81 per month

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4.8/5

Cheapest liability-only car insurance in Panama City: State Farm

In Florida, liability car insurance pays for the other driver’s car repairs and your medical bills in an accident you cause. However, liability-only coverage won’t pay for any vehicle damage you sustain in the accident. As such, liability insurance is generally the most affordable coverage option, and the average rate for liability-only coverage in Panama City is $139 per month.

Here, you can see a collection of average quotes from top insurers in the area.

The below rates are estimated rates current as of: Monday, September 1 at 12:00 PM PDT. 

Insurance Company	Average Monthly Quote
State Farm	$81
Mile Auto	$97
GEICO	$122
Direct Auto	$130
Progressive	$136
Mercury	$142
Allstate	$142
Infinity	$159
Foremost	$166
Travelers	$169
Bristol West	$171
Root	$174
The General	$184
National General	$186
GAINSCO	$189
Dairyland	$243
AssuranceAmerica	$262
Liberty Mutual	$352

Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ 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 Panama City: State Farm

Full-coverage car insurance provides the same protections as liability coverage but also covers your damage after an accident. This means full coverage is often more expensive, but the coverage can be worth it if you have an expensive car or a vehicle you would struggle to replace if it were totaled.

The average cost of full coverage in Panama City is $176 per month, and you can see average quotes from top insurers below.

The below rates are estimated rates current as of: Monday, September 1 at 12:00 PM PDT. 

Insurance Company	Average Monthly Quote
State Farm	$87
GEICO	$124
Mile Auto	$130
Allstate	$152
Mercury	$178
Travelers	$181
Progressive	$190
National General	$195
Direct Auto	$215
Infinity	$228
Bristol West	$233
The General	$249
Foremost	$273
Root	$273
GAINSCO	$292
Liberty Mutual	$365
AssuranceAmerica	$368
Dairyland	$436

Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Car insurance requirements in Florida

Florida is a no-fault state. This means each driver files a claim through their own insurance company for bodily injuries after an accident, regardless of who’s at fault. For this reason, Florida drivers must carry personal injury protection and property damage liability with certain limits to cover associated damages.^[1]

To drive legally in the state of Florida, your coverage must meet or exceed the requirements below:

Coverage	Minimum Requirements
Personal injury protection (PIP)	$10,000
Property damage liability	$10,000

While the coverage limits listed above meet minimum requirements, you may want to enhance your coverage with additional protections, including:

• 

  Bodily injury liability coverage

  While each driver’s PIP coverage goes toward their own medical expenses, the coverage has limitations. Bodily injury liability goes toward the other driver’s expenses that PIP doesn’t cover if you’re at fault for an accident.

• 

  Additional PIP coverage

  This supplemental coverage acts in addition to your traditional PIP coverage to protect you and your family.

• 

  Medical payments coverage

  This option covers medical expenses in a way that’s similar to health insurance and can supplement your existing coverage.

Cheapest car insurance for drivers with an incident

Insurance companies charge more after driving incidents to hedge their bets against future claims. Driving incidents include accidents, speeding tickets, DUIs, and other moving violations. In the case of a DUI, the company may refuse to cover a driver altogether.

In the sections that follow, you’ll see how each incident type affects the rates you pay in Panama City.

Shop for Car Insurance in Panama City, FL

Monthly rates start at $81 for drivers with an incident

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Cheapest car insurance for drivers with a speeding ticket: State Farm

Speeding tickets can be an indication of how safe a driver you are. Insurers believe the more you speed, the more likely you are to become involved in other risky behaviors.

The average cost of insurance for drivers with a speeding ticket is $210 per month in Panama City.

The below rates are estimated rates current as of: Monday, September 1 at 12:00 PM PDT. 

Insurance Company	Clean Driving Record	With Speeding Ticket
State Farm	$81	$104
Mile Auto	$97	$120
GEICO	$122	$162
Direct Auto	$130	$169
Progressive	$136	$182
Mercury	$142	$200
Allstate	$142	$184
Infinity	$159	$205
Travelers	$169	$221
Bristol West	$171	$223
Root	$174	$235
The General	$184	$253
National General	$186	$241
GAINSCO	$189	$236
Dairyland	$243	$314
AssuranceAmerica	$262	$325
Liberty Mutual	$352	$455

Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Cheapest car insurance for drivers with an at-fault accident: State Farm

At-fault accidents can be among the most expensive claims an insurer must pay. And while accidents do happen, your insurer is apt to look at you as being higher-risk — and potentially more expensive — if you have an accident on your record.

The average cost of car insurance with an accident on your record is $195 per month in Panama City.

The below rates are estimated rates current as of: Monday, September 1 at 12:00 PM PDT. 

Insurance Company	Clean Driving Record	With Accident
State Farm	$81	$101
Mile Auto	$97	$124
GEICO	$122	$146
Direct Auto	$130	$171
Progressive	$136	$169
Mercury	$142	$200
Allstate	$142	$178
Infinity	$159	$198
Travelers	$169	$215
Bristol West	$171	$217
Root	$174	$214
The General	$184	$244
National General	$186	$236
GAINSCO	$189	$234
Dairyland	$243	$309
AssuranceAmerica	$262	$310
Liberty Mutual	$352	$448

Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Cheapest car insurance for drivers with a DUI: State Farm

A DUI is a dealbreaker for many insurance companies. Not only are they life-threatening for everyone the impaired driver encounters, but they’re also expensive for both the driver committing the DUI and the company insuring the driver.

Many insurance companies will drop drivers after their first offense, but GEICO, Farmers, and Travelers will insure a Florida driver, giving them a second chance. The average rate for car insurance for drivers with a DUI in Panama City is $204 per month.

The below rates are estimated rates current as of: Monday, September 1 at 12:00 PM PDT. 

Insurance Company	Clean Driving Record	With DUI
State Farm	$81	$114
Mile Auto	$97	$136
GEICO	$122	$171
Direct Auto	$130	$183
Progressive	$136	$177
Mercury	$142	$194
Allstate	$142	$200
Infinity	$159	$223
Travelers	$169	$238
Bristol West	$171	$240
Root	$174	$245
The General	$184	$259
National General	$186	$261
GAINSCO	$189	$266
Dairyland	$243	$342
AssuranceAmerica	$262	$368
Liberty Mutual	$352	$495

Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Cheapest car insurance for seniors: State Farm

Drivers generally enjoy the lowest insurance premiums during their middle-aged years. However, as eyesight weakens and reflexes slow, premiums climb again. This commonly happens around age 70.

If you’re a senior in Panama City, you can expect to pay around $139 per month on average for car insurance. Here, you can see how that stacks up against quotes that top insurers offer.

The below rates are estimated rates current as of: Monday, September 1 at 12:00 PM PDT. 

Insurance Company	Liability Only	Full Coverage
State Farm	$65	$70
Mile Auto	$78	$104
GEICO	$99	$101
Direct Auto	$106	$176
Infinity	$115	$165
Allstate	$118	$127
Mercury	$119	$150
Progressive	$120	$168
Travelers	$137	$147
Bristol West	$144	$196
National General	$149	$156
Root	$150	$235
The General	$155	$210
GAINSCO	$162	$251
Dairyland	$203	$364
AssuranceAmerica	$208	$292
Liberty Mutual	$300	$311

Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Cheapest car insurance for teens: State Farm

Teenagers are relatively inexperienced drivers. They’re also statistically more likely to engage in dangerous driving behaviors, like driving after dark and distracted driving. As such, teens are much more likely to be in a car accident. Insurance companies anticipate this and charge more up front to insure young drivers.

The average cost of teen car insurance in Panama City is $270 per month.

To lower rates, parents can keep young drivers on their policies and make sure teens take advantage of every discount available. Certain companies offer discounts for safe driving, good grades, being away at school, and more. Here, you can see the quotes offered by top insurers in the area.

The below rates are estimated rates current as of: Monday, September 1 at 12:00 PM PDT. 

Insurance Company	Liability Only	Full Coverage
State Farm	$150	$162
Mile Auto	$194	$259
GEICO	$213	$216
Progressive	$234	$327
Direct Auto	$249	$411
Mercury	$257	$322
Allstate	$272	$291
Infinity	$283	$406
Root	$294	$461
Bristol West	$297	$404
The General	$308	$417
Travelers	$331	$355
GAINSCO	$345	$534
National General	$369	$387
Dairyland	$391	$702
AssuranceAmerica	$511	$718
Liberty Mutual	$603	$626

Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ 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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Panama City car insurance quotes by credit tier

Florida permits insurers to consider a driver’s credit report to create a credit-based score and factor that score into the quotes they offer. This means drivers with an excellent or good credit rating pay lower rates than drivers with fair or poor credit.

Here, you can see how your credit affects the quotes you get for car insurance.

Is car insurance more expensive in Panama City?

Generally speaking, Florida is one of the country’s more expensive states for car insurance. The average rate for full coverage in the state of Florida is $209 per month, and the average rate for liability-only coverage is $155 per month. 

Compare these rates against the national averages of $182 for full coverage and $103 for liability, and you can see that car insurance is more expensive in Florida.

More cities in Florida

Car insurance in Florida exceeds the national averages, but how do rates in Panama City stack up against other Florida cities? The table below shows you the differences.

The average rate for insurance in Panama City is $157 per month.

City	Average Monthly Quote
Apopka	$193
Daytona Beach	$185
Jacksonville	$189
Miami	$242
Orlando	$203
Pensacola	$163
Tallahassee	$172
Tampa	$249

Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

Panama City car insurance FAQs