Cheapest Auto Insurance in Panama City, Florida (2025)

State Farm is the cheapest car insurance company in Panama City, with liability-only rates of $53 per month.

Courtney Washington
Courtney Washington

Courtney Washington is a Texas A&M University graduate. Her extensive knowledge and background in auto, home, and umbrella policies make her a one-stop shop for insurance advice and information. She loves to help her readers understand their insurance choices so they can make informed decisions about their coverage.

Chris Schafer
Edited byChris Schafer
Chris Schafer
Chris SchaferDeputy Managing Editor, News and Marketing Content
  • 15+ years in content creation

  • 7+ years in business and financial services content

Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.

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Updated January 6, 2025

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Cheapest recent rates near Panama City, Florida

Recent Panama City, Florida car insurance prices for Chevrolet, Ford, KIA , and more.

*Quotes generated for Insurify users in and around Panama City, Florida within the last 10 days. Last updated on January 6, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.

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 January 6, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.

*Quotes generated for Insurify users in and around Panama City, Florida within the last 10 days. Last updated on January 6, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.

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 January 6, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.

If you live in Panama City, you can expect to pay an average of $152 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.

Quick Facts
  • State Farm, GEICO, and Mile Auto offer the lowest rates for liability-only insurance in Panama City.

  • Panama City drivers pay a monthly average of $189 for full coverage and $114 for liability-only coverage.

  • Florida is a no-fault state, meaning drivers file claims through their own insurance companies no matter who caused the accident.

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 Farm9.3$84$69Affordable rates
GEICO9.0$86$71Coverage after a DUI
Mile Auto7.5$145$113Low-mileage drivers
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 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

User Reviews
4.2
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.
$53/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.
$64/mo
4.2
Best choiceBased on 9,347 verified guest reviews and ratings
Created with Highcharts 11.4.84.24.24.14.14.04.04.04.04.04.03.23.23.63.62.92.93.13.12.92.9State Farm's scoreIndustry average0.01.22.43.64.8Coverage optionsCustomer serviceDiscountsPolicy transparencyValue
Chart
CategoryState Farm's scoreIndustry average
Coverage options4.23.2
Customer service4.13.6
Discounts42.9
Policy transparency43.1
Value42.9
How drivers feel about State Farm

Drivers appreciate the helpful local agents and initial service but dislike the high prices and frequent rate increases.

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

Drivers appreciate the helpful local agents and initial service but dislike the high prices and frequent rate increases.

AI-generated from the text of verified reviews collected by Insurify
Best For
Customer service
Competitive rates
Discounts for safe drivers
Reviews (5,138)

Barbara

January 5, 2025

Verified Review

Excellent

Great, but seems high cost.

Eric

January 4, 2025

Verified Review

Not good

They never called back when they said they would to discuss my policy.

Eric

January 4, 2025

Verified Review

Trying to Save

I just bought a new vehicle and my rates drastically increased. I'm just looking for some savings. Every quote I've received is cheaper than theirs. I just want to make sure we still have the same coverage.
See all State Farm reviews
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
842
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.78
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

User Reviews
4.0
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.
9.0 /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.
$55/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.
$66/mo
4.0
Best choiceBased on 10,545 verified guest reviews and ratings
Created with Highcharts 11.4.84.04.03.93.93.93.94.04.03.93.93.23.23.63.62.92.93.13.12.92.9GEICO's scoreIndustry average0.01.22.43.64.8Coverage optionsCustomer serviceDiscountsPolicy transparencyValue
Chart
CategoryGEICO's scoreIndustry average
Coverage options43.2
Customer service3.93.6
Discounts3.92.9
Policy transparency43.1
Value3.92.9
How drivers feel about GEICO

Drivers appreciate the excellent customer service and initial low prices but dislike the frequent price increases.

AI-generated from the text of verified reviews collected by Insurify
Best For
Teen drivers
Cheap rates
Accident forgiveness
How drivers feel about GEICO

Drivers appreciate the excellent customer service and initial low prices but dislike the frequent price increases.

AI-generated from the text of verified reviews collected by Insurify
Best For
Teen drivers
Cheap rates
Accident forgiveness
Reviews (5,806)

Cynthia

January 5, 2025

Verified Review

Prices are high!

Prices are high!

Yolanda

January 4, 2025

Verified Review

My bill has become too expensive

I have had no issues with Geico, except that it's expensive.

Donald

January 4, 2025

Verified Review

GEICO still good, but:

It's becoming increasingly difficult to reach a live person. Rates keep rising. There seems to be little compassion for seniors and those on a fixed income.
See all GEICO reviews
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
835
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.74
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

User Reviews
4.2
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.
7.5 /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.
$87/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.
$111/mo
4.2
Best choiceBased on 63 verified guest reviews and ratings
Created with Highcharts 11.4.83.93.93.73.73.93.93.83.83.93.93.23.23.63.62.92.93.13.12.92.9Mile Auto's scoreIndustry average0.01.22.43.64.8Coverage optionsCustomer serviceDiscountsPolicy transparencyValue
Chart
CategoryMile Auto's scoreIndustry average
Coverage options3.93.2
Customer service3.73.6
Discounts3.92.9
Policy transparency3.83.1
Value3.92.9
Reviews (32)

Ambrosher

December 18, 2024

Verified Purchase

Too Expensive

Too expensive.

Marilyn

December 16, 2024

Verified Purchase

Mile Auto: Jury's Still Out

Please inform me about my monthly charge. Also, avoid using all caps. The photo link needs fixing.

Eva

December 4, 2024

Verified Purchase

Good

Good savings for people who don't drive a lot of miles.
See all Mile Auto reviews
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.
NR
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 $53 per month

Secure. Free. Easy-to-use.
Based on 3,806+ reviews
4.8/5
Shopper Approved
ProgressiveLiberty MutualAllstate

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 $114 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: Wednesday, January 1 at 11:00 AM PST
Insurance Company
Average Monthly Quote
State Farm$53
GEICO$55
Mile Auto$87
Allstate$91
Root$109
Travelers$109
Direct Auto$123
Mercury$123
Progressive$139
Infinity$150
Foremost$160
GAINSCO$174
Dairyland$178
Bristol West$186
National General$209
The General$230
AssuranceAmerica$333
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 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 $189 per month, and you can see average quotes from top insurers below.

The below rates are estimated rates current as of: Wednesday, January 1 at 11:00 AM PST
Insurance Company
Average Monthly Quote
State Farm$64
GEICO$66
Mile Auto$111
Allstate$112
Travelers$134
Mercury$150
Root$183
Infinity$209
Progressive$209
National General$213
Direct Auto$240
Foremost$242
GAINSCO$249
Bristol West$263
Dairyland$314
The General$322
AssuranceAmerica$441
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 recent rates near Panama City, Florida

Recent Panama City, Florida car insurance prices for Hyundai, Ford, GMC , and more.

*Quotes generated for Insurify users in and around Panama City, Florida within the last 10 days. Last updated on January 6, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.

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 January 6, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.

*Quotes generated for Insurify users in and around Panama City, Florida within the last 10 days. Last updated on January 6, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.

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 January 6, 2025. 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:

  • illustration card https://a.storyblok.com/f/162273/x/f2ca9fa443/protection-for-passengers.svg

    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.

  • illustration card https://a.storyblok.com/f/162273/x/abffe6238f/financial-protection.svg

    Additional PIP coverage

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

  • illustration card https://a.storyblok.com/f/162273/x/4c9753bdbe/medical-payments.svg

    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 $53 for drivers with an incident

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Based on 3,806+ reviews
4.8/5
Shopper Approved
ProgressiveLiberty MutualAllstate

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 $185 per month in Panama City.

The below rates are estimated rates current as of: Wednesday, January 1 at 11:00 AM PST
Insurance Company
Clean Driving Record
With Speeding Ticket
State Farm$53$63
GEICO$55$67
Mile Auto$87$105
Allstate$91$110
Root$109$143
Travelers$109$133
Direct Auto$123$149
Mercury$123$160
Progressive$139$167
Infinity$150$188
Foremost$160$209
GAINSCO$174$227
Dairyland$178$215
Bristol West$186$227
National General$209$254
The General$230$286
AssuranceAmerica$333$398
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 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 $200 per month in Panama City.

The below rates are estimated rates current as of: Wednesday, January 1 at 11:00 AM PST
Insurance Company
Clean Driving Record
With Accident
State Farm$53$68
GEICO$55$71
Mile Auto$87$115
Allstate$91$118
Root$109$152
Travelers$109$142
Direct Auto$123$163
Mercury$123$171
Progressive$139$183
Infinity$150$190
Foremost$160$221
GAINSCO$174$215
Dairyland$178$228
Bristol West$186$241
National General$209$269
The General$230$305
AssuranceAmerica$333$417
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 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 $230 per month.

The below rates are estimated rates current as of: Wednesday, January 1 at 11:00 AM PST
Insurance Company
Clean Driving Record
With DUI
State Farm$53$84
GEICO$55$87
Mile Auto$87$138
Allstate$91$144
Root$109$155
Travelers$109$172
Direct Auto$123$194
Mercury$123$181
Progressive$139$220
Infinity$150$237
Foremost$160$253
GAINSCO$174$275
Dairyland$178$281
Bristol West$186$294
National General$209$330
The General$230$364
AssuranceAmerica$333$526
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 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 $123 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: Wednesday, January 1 at 11:00 AM PST
Insurance Company
Liability Only
Full Coverage
State Farm$41$49
GEICO$43$52
Mile Auto$65$83
Allstate$72$89
Travelers$84$103
Root$91$153
Direct Auto$94$184
Mercury$97$118
Progressive$99$149
Infinity$115$160
Foremost$127$191
Dairyland$141$248
GAINSCO$144$206
Bristol West$147$208
National General$157$160
The General$183$256
AssuranceAmerica$250$331
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 car insurance for teens: GEICO

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 $254 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: Wednesday, January 1 at 11:00 AM PST
Insurance Company
Liability Only
Full Coverage
GEICO$88$106
State Farm$91$110
Root$162$271
Allstate$163$201
Mile Auto$168$215
Travelers$198$243
Mercury$215$262
Direct Auto$225$439
Progressive$242$364
Infinity$267$372
Dairyland$283$500
Foremost$284$430
GAINSCO$298$426
Bristol West$312$441
The General$364$509
National General$411$418
AssuranceAmerica$607$804
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.

Find Car Insurance in Panama City

Check quotes from 100+ top insurance companies

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Based on 3,806+ reviews
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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.

Rates by Credit Tier

Created with Highcharts 11.4.8$181$181$214$214$235$235$364$364$0$100$200$300$400
Excellent
Good
Fair
Poor
Chart
CategoryPrice
Excellent 181
Good214
Fair235
Poor364
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.

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 $241 per month, and the average rate for liability-only coverage is $154 per month. 

Compare these rates against the national averages of $199 for full coverage and $105 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 $152 per month.

City
Average Monthly Quote
Apopka$204
Daytona Beach$183
Jacksonville$194
Miami$278
Orlando$210
Pensacola$177
Tallahassee$173
Tampa$272
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.

Panama City car insurance FAQs

Looking for more information to help you find the best car insurance in Panama City? Consult the answers below.

  • How much is car insurance in Panama City?

    The average rate for full-coverage car insurance in Panama City is $189 per month, and the average rate for liability-only coverage is $114 per month.

  • Who has the cheapest car insurance in Panama City?

    The cheapest insurers in Panama City are State Farm, GEICO, and Mile Auto. They offer monthly liability-only rates of $53, $55, and $87, respectively. Keep in mind that another insurer may be cheaper for you based on your circumstances. That’s why it’s important to always compare quotes from several insurers before deciding on a policy.

  • What are the best car insurance companies in Panama City?

    State Farm, GEICO, and Mile Auto rank as three of the top insurers in Panama City. State Farm and GEICO are among the largest insurers in the country and have earned high marks for financial stability, total offerings, and customer service. Mile Auto is a newer insurance company that offers one-of-a-kind control over your insurance by charging you based on the amount you drive.

  • What is the average cost of car insurance per month in Florida?

    The average cost of car insurance in Florida is $198 per month. This makes Florida one of the most expensive states in the nation in terms of average insurance premiums. These high prices are due in part to the weather in Florida and the high number of uninsured drivers.

  • What is the least amount of car insurance you need in Florida?

    To drive legally in the state of Florida, you must have car insurance that meets or exceeds the state’s minimum standards. This includes a personal injury protection limit of $10,000 and a property damage liability limit of $10,000.

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. Florida Highway Safety and Motor Vehicles. "Florida Insurance Requiremnts."
Courtney Washington
Courtney Washington

Courtney Washington is a Texas A&M University graduate. Her extensive knowledge and background in auto, home, and umbrella policies make her a one-stop shop for insurance advice and information. She loves to help her readers understand their insurance choices so they can make informed decisions about their coverage.

Chris Schafer
Edited byChris SchaferDeputy Managing Editor, News and Marketing Content
Chris Schafer
Chris SchaferDeputy Managing Editor, News and Marketing Content
  • 15+ years in content creation

  • 7+ years in business and financial services content

Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.

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