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Cheap Auto Insurance Rates Near Me


Cheap Auto Insurance in Panama City Florida

Why Are Car Insurance Rates So Expensive Near Me

Florida is one of the most expensive states for car insurance. With its unique mix of beaches, warm climate, and large population, Florida has the potential to attract more drivers than other states. This increased demand for coverage drives up prices across the state. In addition, Florida has some of the lowest minimum liability limits in the country and higher-than-average levels of uninsured drivers on its roads – both factors that play a role in higher rates. Florida also has a high rate of motor vehicle theft and accident claims, both of which can contribute to expensive premiums as well. To help keep costs down, it’s important to shop around for quotes from multiple providers and compare coverages before committing to a policy. Additionally, being aware of discounts – such as those for having multiple policies with the same company, a clean driving record, and safety features on your vehicle – can help you save money. With these tips in mind, Panama City drivers can still find affordable car insurance despite the state’s expensive rates.

Auto Insurance Rates for Young vs Older People

Young drivers in Panama City face some of the highest auto insurance rates in the country. This is due to their lack of driving experience and higher risk for being involved in an accident. Additionally, Florida residents under the age of 25 may be subject to a surcharge imposed by insurers as well. In contrast, older Florida drivers may find they are eligible for discounts, such as those offered with safe driver or good student programs. Because Florida’s car insurance laws can vary so greatly among different age groups, it’s important to compare quotes from multiple providers before making a decision. By doing this, Florida drivers can help ensure they get the best rate possible.

Important Factors Affecting Car Insurance Rates in Florida

Several factors can affect Panama City car insurance rates. Florida requires its drivers to carry a minimum level of liability coverage, and those who choose lower limits are at risk of facing expensive premiums. Other factors include credit score and driving history, both of which can have a significant impact on the cost of Florida auto coverage. Additionally, Florida has some of the highest rates for uninsured/underinsured motorist coverage in the nation, so it’s important to consider this when purchasing a policy. Finally, Florida insurers may use their own formulas to determine rates based on location and other factors. Shopping around for quotes is important when trying to find the best price.

Overall, Florida car insurance can be very expensive due to its unique mix of factors, but Panama City drivers can still find ways to save on their premiums. By comparing quotes from multiple providers and taking advantage of discounts, Florida drivers can help make sure they get the best rate for their needs.

Best Auto Insurance Companies in Florida

State Farm

Geico

Liberty Mutual

Metlife

Progressive

NAIC Market Share

16.14%

13.45%

4.62%

0.97%

12.25%

S&P Global Ratings

AA

AA+

A

BBB

A

Average Full Coverage Yearly Premium

$2,185

$2,248

$2,436

$3,228

$4,265

Discount Rating

5 stars

5 stars

4 stars

4 stars

5 stars


State Farm

Geico

Liberty Mutual

Metlife

Progressive

NAIC Market Share

16.14%

13.45%

4.62%

0.97%

12.25%

S&P Global Ratings

AA

AA+

A

BBB

A

Average Full Coverage Yearly Premium

$2,185

$2,248

$2,436

$3,228

$4,265

Discount Rating

5 stars

5 stars

4 stars

4 stars

5 stars


State Farm

Geico

Liberty Mutual

Metlife

Progressive

NAIC Market Share

16.14%

13.45%

4.62%

0.97%

12.25%

S&P Global Ratings

AA

AA+

A

BBB

A

Average Full Coverage Yearly Premium

$2,185

$2,248

$2,436

$3,228

$4,265

Discount Rating

5 stars

5 stars

4 stars

4 stars

5 stars


Car Insurance Companies Near Me

Direct Auto Insurance

704 W 11th St, Panama City, FL 32401

(850) 763-2274

https://local.directauto.com/florida/panama-city/704-west-11th-street

Freeway Insurance

669 W 23rd St Unit 31, Panama City, FL 32405

(850) 204-3697

http://www.freewayinsurance.com/office-locator/freeway-insurance-panamacity-fl-33134/

Affordable Insurance Group

2104 W 11th St, Panama City, FL 32401

(850) 769-5050

http://www.affordableinspc.com/

McKenzie Insurance Associates

652 Jenks Ave, Panama City, FL 32401

(850) 785-9505

http://mckenzieinsurance.biz/

Ellis Agency Insurance

1134 Harrison Ave, Panama City, FL 32401

(850) 763-1627

http://ellisagency.net/panama-city

Seguros De Autos Panama City

Panama City, FL 32401

(855) 845-0785

No website found

Comparing the Best Car Insurance Companies Nearby

Florida drivers have a wide range of car insurance companies to choose from. Some of the best for Florida include: State Farm, GEICO, Progressive, and Allstate. Each company offers its own unique set of coverages and discounts, so it’s important to compare the offerings from each before making a final decision. Additionally, Panama City drivers should consider their budget and coverage needs to determine which provider is best suited for them. By keeping these factors in mind, Florida drivers can find the right car insurance policy for their needs at an affordable rate.

Average Annual Premium Increase & Savings per Driving Infraction

Driving Infraction Type Average Annual Premium Potential Quote Savings
DUI$5547$1016
Reckless Driving$4304$980
Wrong Way/Wrong Lane$4289$933
Driving on Sus. License$4274$942
Illegal Turn$4237$896
Failure to Obey Traffic Sign$4105$880
Speeding over 15$4003$841
Defective Equipment$3975$796
Speeding under 15$3829$720

How Driving Infractions Increase Insurance Premiums

Panama City drivers with driving infractions can expect to see a significant increase in their car insurance premiums. Florida insurers typically consider speeding tickets, DUIs, and other moving violations when determining rates. Furthermore, Florida drivers who have multiple infractions on their records may find they are considered “high-risk” and face even higher rates. It is important for Florida drivers to understand the effect of these infractions on their premium costs before committing to a policy. Additionally, Florida residents should look into ways to reduce or eliminate points from their record so they can lower their car insurance premiums over time.

Average Annual Vehicle Insurance by Credit Score

Credit Rating Average Rate
Average of All Credit Ratings $1910
Below Fair $3296
Poor $3664
Worst $4041

Does Credit Score Matter When Getting Cheaper Quotes?

Yes, Florida insurers may use an applicant’s credit score when calculating certain car insurance premiums. Florida insurers typically look at the applicant’s overall credit history and payment history when determining rates. A better credit score can often result in lower car insurance premiums, while a lower score can lead to higher quotes. Panama City drivers should keep this in mind when comparing quotes from different providers as it could make a significant difference in terms of cost.

Average Monthly Car Payment Plus Insurance in My Location

Average Monthly Auto Insurance Payment for Liability or Full Coverage in Panama City Florida

Don't Forget The Total Monthly Cost of Your Vehicle

When buying car insurance in Panama City, it is important to consider the total monthly cost of your vehicle. Florida drivers should factor in their loan payments, gas, repairs, maintenance costs and insurance premiums before signing up for a policy. Florida drivers can then decide if they need extra coverage or can afford to reduce their limits in order to save money. Additionally, Florida residents looking to save on auto premiums should look into discounts offered by insurers such as multi-vehicle policies and good driver discounts.

car insurance companies Panama City FL

How to Save on Car Insurance in Your Zip Code

Do your research
Compare quotes from different places
Take advantage of policy bundles
Look at vehicle safety ratings
Participate in discount programs through driver training or safe driving rewards
Maintain a good credit rating

Full Coverage vs Liability Only Insurance in Florida

Full coverage and liability only are two common types of car insurance policies available in Florida. Full coverage includes both collision and comprehensive coverages, while liability only covers property damage and bodily injury to others caused by the policyholder’s vehicle. Panama City drivers should consider their budget and driving habits when determining which type of policy is best for them. Full coverage typically costs more than liability only, but it offers greater protection if an accident occurs. Florida drivers can then decide how much coverage they need based on their individual needs and circumstances.

State Auto Insurance Minimums in Florida

The Florida Department of Highway Safety and Motor Vehicles requires Florida drivers to carry at least the state's minimum coverage amounts. Florida residents must have bodily injury liability insurance, as well as property damage liability insurance. Panama City drivers should also consider additional coverages such as uninsured/underinsured motorist coverage, personal injury protection, and collision or comprehensive coverage. Florida drivers can then compare quotes from different providers online before making a final decision. By keeping these factors in mind, Florida drivers can find the right car insurance policy for their needs at an affordable rate.

Non-Owner Car Insurance in FL

Non-owner car insurance is a type of liability coverage for Panama City drivers who don't own their own vehicle. Florida non-owner policies can provide protection if someone drives an uninsured or underinsured vehicle, as well as certain rental vehicles. Florida drivers should look into non-owner car insurance if they are planning to borrow or rent a vehicle in the future. Non-owner policies typically cover property damage and bodily injury caused by the policyholder while operating a rental or borrowed vehicle. Florida drivers can then decide if this type of policy is right for them based on their budget and specific needs.

Car Insurance Discounts in FL

Florida drivers may be able to save money on their auto insurance premiums by taking advantage of several discounts available. Panama City residents should look into good driver discounts, multi-vehicle policies, and other special offers that can reduce their car insurance costs. Florida drivers should also consider enrolling in defensive driving courses or installing safety devices in their vehicles in order to qualify for additional discounts. Florida is a competitive market, so taking the time to shop around and compare quotes from multiple providers can help drivers find the best rate for their policy needs.

Getting Coverage for Teenagers in FL

Panama City parents may find it difficult to get coverage for their teenage drivers. Florida insurance companies often charge higher rates for drivers under the age of 25 because they are considered a greater risk. Florida teens can lower their insurance premiums by maintaining good grades or taking a driver's education course. Florida parents should also consider adding their teenagers to an existing policy in order to save money on their car insurance costs. Florida drivers should compare quotes from different providers in order to find the right policy at an affordable price.

Car Insurance for Seniors

Seniors in Panama City may be able to save money on their car insurance premiums by taking advantage of discounts available to drivers over the age of 55. Florida seniors should compare quotes from different providers and look into special offers designed specifically for senior drivers. Florida seniors may also qualify for additional discounts if they take a defensive driving course or enroll in an accident prevention program. Florida seniors can then choose the right policy that meets their specific needs at an affordable rate.

Getting Coverage After an Accident in Florida

Drivers in Florida who have received citations or have been involved in an accident may find it difficult to get car insurance coverage. Panama City drivers who are having trouble getting coverage should look into high-risk policies as a way to remain insured. Florida drivers can also compare quotes from providers and find the best rate for their needs. Florida law requires all drivers to be covered by an auto insurance policy, so taking the time to research different options is important for finding the right coverage at an affordable rate.

Finding Affordable Car Insurance in FL

Florida drivers can save money on their car insurance premiums by shopping around and comparing quotes from different providers. Panama City drivers should also take advantage of discounts available, such as good driver discounts, multi-vehicle policies, and safety device installation. Florida residents should also look into specialized offers designed for Florida drivers in order to get the best rate for their policy. Florida is a competitive market, so taking the time to research options can help drivers find the right coverage at an affordable price.

Do I Need SR-22 Insurance in Florida

In Panama City, some drivers may be required to carry SR-22 insurance. Florida drivers who are convicted of DUI or reckless driving may need to obtain an SR-22 in order to keep their license. Florida drivers should contact their insurance company to see if they qualify for an SR-22 policy and then compare quotes from providers in order to find the best rate. Florida law requires all drivers to hold a valid auto insurance policy in order to drive legally, so taking the time to research options is important for finding the right coverage at an affordable price.

Geico vs Allstate

Florida drivers can compare quotes from Geico and Allstate to find the best rate for their car insurance. Both companies offer competitive rates as well as special offers for Panama City residents. Florida drivers should take the time to research both companies and compare policies before making a decision. Florida drivers will want to look into discounts available, such as good driver discounts, multi-vehicle policies, and safety device installation. Florida is a competitive market, so taking the time to research options can help drivers find the right coverage at an affordable price.

State Farm vs Liberty Mutual

When it comes to insurance coverage options in Panama City, you may have heard of State Farm and Liberty Mutual. Both are well-known providers that offer a variety of different policies for Florida residents. To help you decide which one is right for you, let’s take a closer look at each company’s offerings and compare the two.

State Farm Florida has been providing services to Panama City residents since 1922, giving them access to homeowners insurance, auto insurance, life insurance, health insurance and more. They also offer umbrella policies that cover additional expenses above what your standard homeowner or auto policy covers. In addition, they have various discounts available on their policies such as those given through their Drive Safe & Save program or by achieving good grades in school.

Liberty Mutual Florida is another great option for Panama City residents who are looking for insurance coverage. They offer a variety of policies, including auto, home, life and health insurance as well as liability protection. The company also has discounts available for those who take certain steps to lower their risk of accidents or theft, such as installing an anti-theft device in their car or taking defensive driving courses. Liberty Mutual Florida also offers additional coverage options like identity theft protection and accident forgiveness.

Nationwide vs Progressive

For Panama City residents looking for the best possible insurance coverage, Nationwide and Progressive are two of the most popular choices. Both companies offer a range of policies for Florida residents, with options that include auto, home, life and health insurance as well as additional coverages like roadside assistance and rental car reimbursement.

Nationwide Panama City has been providing services to Florida residents since 1926, giving them access to comprehensive coverage at competitive rates. The company offers various discounts for those who take steps to lower their risk such as installing an anti-theft device in their car or taking defensive driving courses. They also have an accident forgiveness program available so that your premium won’t go up after your first at-fault accident.

Progressive Florida is another great choice for Panama City residents who are looking for insurance coverage. They offer a variety of policies, including auto, home, life and health insurance as well as additional coverages like roadside assistance and rental car reimbursement. Progressive Florida also offers discounts for those who take certain steps to lower their risk of accidents or theft such as installing an anti-theft device in their car or taking defensive driving courses. Additionally, they have a program that rewards safe drivers with lower premiums.

Ultimately, it is up to you to decide which insurance provider best suits your needs in Panama City. Whether you choose State Farm Florida, Liberty Mutual Florida, Nationwide Florida or Progressive Florida, make sure you do your research and shop around so that you can get the coverage you need at the best possible rate.

Male vs Female Insurance Rates in FL

When it comes to auto insurance rates in Panama City, there are differences between males and females. Male drivers typically pay more for their coverage than female drivers. This is due in part to the fact that males are considered more likely to be involved in accidents than females. Additionally, male drivers tend to have higher risk profiles than female drivers.

In Panama City, male drivers typically pay an average of 8% more for their auto insurance premiums than female drivers do. This difference reflects the greater risks associated with being a male driver. Insurance companies take this into account when setting rates, which makes it important for males to shop around and compare rates in order to find the best deal available.

Fortunately, Florida requires all insurers operating in the state to use the same set of basic rating factors when setting rates. This helps to ensure that Panama City drivers have access to fair and equitable rates, regardless of their gender. Additionally, Florida law prohibits insurers from denying coverage or charging higher premiums based solely on a driver’s gender.

Overall, male drivers in Panama City can expect to pay more for their auto insurance coverage than female drivers do. However, by shopping around and comparing rates, males can find the best deal available and reduce the cost of their coverage significantly. Additionally, Florida’s laws help protect drivers from unfair and discriminatory pricing practices.

car insurance companies Panama City FL

Shopping for Car Insurance Places Near Me

It's never been easier to shop around for affordable car insurance. You can use online tools to instantly get quotes from car insurance companies in Panama City, Florida. You can also compare rates to other cities in your state such as these: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10.


Make sure to get the right amount of coverage you need. Do you only need Liability insurace, which provides minimum coverage? Some people require Full Coverage, especially when the car is financed.


Once you've done the research, comparison shopped the rates you found, and figured out your discounts, you're now ready to buy the best and cheapest car insurance in Panama City, FL.

The materials on this website have been created for informational purposes only and are not intended as legal advice. The law changes frequently and the information may not be complete or correct depending on a number of factors.


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