120+ more*Quotes generated for Insurify users in and around Panama City, Florida within the last 10 days. Last updated on July 10, 2026. 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 July 10, 2026. Actual quotes may vary based on the policy buyer’s unique driver profile.
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Drivers in Panama City, Florida, pay $111 per month for state-minimum car insurance and $180 for full coverage. That’s less than what drivers pay in Tallahassee, the nearest major metro, and in nearby Pensacola. It’s also significantly less than the state averages of $139 per month for liability-only coverage and $236 for full coverage.
Panama City has a lower population density than nearby cities, which partly explains its lower insurance rates. The city has only 938 residents per square mile, while Pensacola has almost 2,400, and Tallahassee has 1,900.[1]
The cheapest car insurance company in Panama City is State Farm, with an average monthly rate of $62 for liability-only coverage.
Drivers can find the cheapest full coverage from State Farm, with an average monthly rate of $100.
These rates are significantly lower than both Panama City’s and the state’s overall averages.
Florida requires drivers to have at least $10,000 of personal injury protection (PIP) and $10,000 of property damage liability coverage.[2]
Panama City sits on the Gulf Coast, an area prone to hurricanes and tropical storms. Hurricane Michael, one of the strongest hurricanes to ever hit the U.S., landed just 23 miles away in nearby Mexico Beach. It’s a good idea for drivers in the city to consider a full-coverage policy, which usually covers weather damage.
The table below shows the cheapest liability-only and full-coverage car insurance rates in Panama City.
Insurance Company | Average Monthly Quote: Liability Only |
|---|---|
| State Farm | $62 |
| Progressive | $63 |
| Clearcover | $66 |
| Mile Auto | $67 |
| GEICO | $71 |
| Embark | $81 |
| Dairyland | $83 |
| Direct Auto | $93 |
| GAINSCO | $93 |
| Mercury | $94 |
| The General | $99 |
| Bristol West | $105 |
| Allstate | $108 |
| AssuranceAmerica | $108 |
| National General | $112 |
| Insurify Car | $120 |
| Root | $123 |
| Travelers | $128 |
| Hugo | $157 |
| Mendota | $173 |
| First Acceptance | $177 |
| Liberty Mutual | $178 |
Insurance Company | Average Monthly Quote: Full Coverage |
|---|---|
| State Farm | $100 |
| Progressive | $111 |
| Mile Auto | $126 |
| Mercury | $141 |
| GEICO | $146 |
| National General | $148 |
| Direct Auto | $157 |
| Clearcover | $164 |
| Bristol West | $165 |
| Allstate | $174 |
| The General | $189 |
| AssuranceAmerica | $198 |
| Embark | $200 |
| Travelers | $207 |
| GAINSCO | $222 |
| Root | $222 |
| Liberty Mutual | $232 |
| Dairyland | $248 |
| First Acceptance | $259 |
| Mendota | $274 |
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Miami Gardens is the most expensive city for car insurance in Florida, while Punta Gorda has the cheapest premiums in the state.
Panama City’s car insurance premiums are on the lower end in the state. In nearby Tallahassee, for example, liability-only premiums average $125 per month.
Panama City has fewer car accidents than nearby cities, which partly explains the city’s lower premiums. Bay County recorded only 4,000 accidents in 2024, according to the Florida Department of Health.[3] Leon County, home to Tallahassee, recorded more than 6,000 that same year.
The following table shows average car insurance rates for different Florida cities, according to Insurify data.
City | Average Monthly Quote |
|---|---|
| Apopka | $187 |
| Cape Coral | $168 |
| Clearwater | $174 |
| Davenport | $187 |
| Daytona Beach | $175 |
| Fort Lauderdale | $217 |
| Fort Myers | $178 |
| Gainesville | $156 |
| Jacksonville | $186 |
| Jupiter | $163 |
| Lakeland | $175 |
| Melbourne | $160 |
| Miami | $238 |
| Naples | $161 |
| Ocala | $169 |
| Orlando | $207 |
| Palm Bay | $169 |
| Panama City | $146 |
| Pensacola | $159 |
| Pompano Beach | $221 |
| Riverview | $217 |
| Sarasota | $157 |
| Spring Hill | $197 |
| St. Petersburg | $184 |
| Tallahassee | $166 |
| Tampa | $239 |
| West Palm Beach | $223 |
| Winter Haven | $180 |
Driving conditions vary from city to city across the state. Here are some tips for driving in Panama City, Florida:
Understand local flood risk. Panama City has a high risk of flooding due to its proximity to the Gulf Coast. But the risk varies depending on where you are in the city. You can use the Federal Emergency Management Agency’s (FEMA) flood zone map to find out the flood risk in your area.
Avoid high-traffic roads when possible. As many as 67,000 vehicles per day travel on some Panama City roads. State Road 30, West 23rd Street, and Highway 98 are some of the most-traveled roadways in the city.[4]
Check parking restrictions. Many parts of Panama City have two- and three-hour parking limits, as well as strict no-parking zones.
Minimize driving during tourist season. Tourism is the No. 1 industry in Bay County, and Panama City and Panama City Beach draw millions of visitors annually. Be careful driving on roads during high-tourism periods, such as spring break and summer.
You can also follow Panama City’s traffic conditions website for real-time congestion updates.
Your driving record plays a major role in your car insurance premiums. Drivers with clean records pay lower premiums than drivers with accidents, speeding tickets, or driving under the influence (DUI) convictions on their records.
In Panama City, nearly 4% of drivers have a ticket, 4% have an at-fault accident, and 1% have a DUI on their record, according to Insurify data. Florida takes DUIs seriously, and penalties range from $1,000 to $5,000 in fines and up to five years in prison.[5]
Florida is a no-fault state, which means you file a claim with your insurer after an accident, regardless of who caused it. Filing a claim typically increases your insurance rates.
The table below shows average rates for Panama City drivers with different records.
Driving Record | Average Monthly Quote |
|---|---|
| Clean driving record | $146 |
| Speeding ticket | $170 |
| At-fault accident | $185 |
| DUI | $190 |
Your age also affects your car insurance premiums. Teen drivers pay the highest premiums, while older, more experienced drivers have lower rates.
Almost 22% of Panama City residents are younger than age 18, according to the U.S. Census Bureau. That’s more than the state average, but Florida has restrictions in place to help ensure teens drive safely. The law restricts 16-year-olds from driving between the hours of 11 p.m. and 6 a.m., and 17-year-olds can’t drive between 1 a.m. and 5 a.m.[6]
The table below shows the average insurance rates for Panama City drivers by age group.
Age | Average Monthly Quote |
|---|---|
| Teens | $176 |
| 20s | $123 |
| 30s | $110 |
| 40s | $107 |
| 50s | $99 |
| 60s | $93 |
| 70+ | $96 |
*Quotes generated for Insurify users in and around Panama City, Florida within the last 10 days. Last updated on July 10, 2026. 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 July 10, 2026. Actual quotes may vary based on the policy buyer’s unique driver profile.
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Licensed property and casualty insurance agent
15+ years of insurance experience
Brett has 15+ years of experience in personal and commercial insurance. As a sales manager at Insurify, Brett leads a high-performing sales team, ensuring they achieve key sales targets while maintaining high-quality work.
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Licensed property and casualty insurance agent
14+ years insurance experience
Britney has 14+ years of experience in auto and home insurance. She’s committed to making sure customers feel informed and supported through every step of the insurance-buying process.
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Licensed property and casualty insurance agent
10+ years of insurance experience
Mallory has 10+ years of experience in property and casualty insurance. She serves as the director of sales and client services at Insurify, where customer service is central to her leadership style.
Below, we answer some common questions from Panama City drivers about car insurance.
The best car insurance options in Panama City, Florida, depend on your budget, coverage needs, driving record, and other factors. If you’re looking for the cheapest premiums, State Farm, Progressive, and Clearcover offer the lowest car insurance rates in the city, according to Insurify data.
State Farm is the cheapest car insurance company in Florida. The company’s liability rates average $80 per month. You can find the lowest insurance premiums by shopping around and comparing rates from multiple companies.
It depends. Car insurance in Florida costs an average of $188 per month. But insurance costs vary based on driving record, age, location, vehicle type, coverage needs, and many other factors. Shop around and compare car insurance quotes from several companies to find the best price for your coverage.
Florida requires drivers to have $10,000 of personal injury protection (PIP) and $10,000 of property damage liability coverage. Minimum-coverage insurance costs an average of $139 per month, according to Insurify data.
Drivers in Panama City, Florida, pay an average of $146 per month for car insurance. State-minimum coverage costs an average of $111 per month, and full coverage averages $180.
Insurify data scientists analyzed more than 190 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 500+ 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:
Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.
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National Association of Real Estate Editors member
Bylines include Forbes, Bankrate, and CBS News
Featured in
Licensed property and casualty insurance agent
10+ years editing experience
NPN: 20461358
Featured in
Licensed property and casualty insurance agent
10+ years editing experience
NPN: 21630969
At Insurify, our goal is to help customers compare insurance products and find the best policy for them. We strive to provide open, honest, and unbiased information about the insurance products and services we review. Our hard-working team of data analysts, insurance experts, insurance agents, editors and writers, has put in thousands of hours of research to create the content found on our site.
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