Car insurance is a crucial investment for drivers in Palm Bay, FL, as it provides financial protection against the costs of accidents, theft, and other unforeseen events. However, finding affordable rates can be a challenge, with prices varying significantly between different companies. In this article, we will explore the cheapest car insurance companies in Palm Bay, FL, for 2024. We will analyze the rates, coverage options, and customer satisfaction ratings of various providers to help drivers make informed decisions and save money. Whether you’re a new driver or a long-time resident of this area, this article will provide valuable insights into the best and most affordable car insurance options available to you.
Table of Contents:
- How Much Does Car Insurance Cost in Palm Bay, FL 2024?
- Cheapest Car Insurance for You in Palm Bay, Florida
- Cheapest Car Insurance Rates by Category
- How Much Is High Coverage Car Insurance in Palm Bay, FL?
- How Much Is Minimum Coverage Car Insurance in Palm Bay, FL?
- When Is a Driver Required to Obtain an SR-22 in 2024?
- What Is the Difference Between an SR-22 and an FR-44?
- What Factors Determine the Cost of Car Insurance?
- Frequently Asked Questions
How Much Does Car Insurance Cost in Palm Bay, FL 2024?
Car insurance costs in this area can vary widely depending on several factors such as age, driving record, type of vehicle, and coverage levels. According to recent data from the Florida Office of Insurance Regulation, the average annual car insurance premium in Florida is around $2,200. However, this figure can be higher or lower depending on the location.
For example, drivers in Palm Bay, FL, might pay slightly less than the statewide average due to the city’s relatively low population density and traffic levels. However, this is not always the case, and insurance costs can still be significant for drivers in this city, especially those with poor driving records or high-risk vehicles.
Another example of how costs can vary in this city is the type of coverage selected. A driver with a minimum liability policy might pay significantly less than one with comprehensive coverage that includes collision and personal injury protection. It’s essential to choose coverage that meets your needs while also fitting your budget to ensure that you’re getting the best value for your money.
Cheapest Car Insurance for You in Palm Bay, Florida
Finding the cheapest car insurance in Palm Bay, Florida, can be a daunting task, but with the right information, you can save a considerable amount of money. Many factors determine your car insurance premium, such as your age, driving history, type of vehicle, and coverage level. The good news is that there are many car insurance providers in this area that offer affordable rates while still providing quality coverage.
To help you find the best car insurance company for you, we have compiled a list of the ten best providers in Palm Bay, Florida, based on customer satisfaction, coverage options, and affordability. Please note that the rates shown below are estimates and may vary depending on your personal circumstances.
| Company | Average Annual Premium |
| State Farm | $1,200 |
| GEICO | $1,300 |
| Progressive | $1,400 |
| Allstate | $1,500 |
| Nationwide | $1,550 |
| Liberty Mutual | $1,600 |
| Esurance | $1,700 |
| Farmers | $1,800 |
| American Family | $1,900 |
| Travelers | $2,000 |
State Farm is the most affordable provider in Palm Bay, Florida, with an average annual premium of $1,200. They offer various coverage options, including liability, collision, and comprehensive, as well as discounts for good drivers and multiple policies.
GEICO is another top-rated car insurance provider in ths area, with an average annual premium of $1,300. They offer a range of coverage options, including liability, collision, and comprehensive, as well as discounts for good drivers, military personnel, and federal employees.
Progressive is a popular choice for car insurance in this city, with an average annual premium of $1,400. They offer a range of coverage options, including liability, collision, and comprehensive, as well as discounts for good drivers, multi-policy holders, and online quotes.
Allstate is a well-known provider in this area, with an average annual premium of $1,500. They offer various coverage options, including liability, collision, and comprehensive, as well as discounts for good drivers, multiple policies, and safe driving.
Finding the cheapest car insurance in Palm Bay, Florida, is possible by comparing rates and coverage options from various providers. We hope that this list of the ten best car insurance providers will help you make an informed decision and save money. Remember to consider your personal circumstances when selecting a provider and coverage level to ensure that you have adequate protection while also fitting your budget.
Cheapest Car Insurance Rates by Category
Car insurance rates can vary significantly depending on several factors such as age, driving record, and coverage level. Here’s a breakdown of the cheapest rates by category in Palm Bay, Florida.
It’s important to note that car insurance rates can vary significantly between different providers and categories. It’s essential to compare rates and coverage options from multiple providers to ensure that you’re getting the best value for your money. Factors such as the type of vehicle, coverage level, and personal circumstances can also impact rates.
For Teen Drivers
Car insurance rates for teen drivers in Palm Bay, Florida, can be relatively high due to their lack of driving experience. However, there are some affordable providers that offer discounts and competitive rates to help teen drivers and their families save money.
The following table shows the average annual premiums for the six cheapest car insurance providers for teen drivers in Palm Bay, Florida. These rates are based on liability coverage for a 16-year-old male driver with a clean driving record, driving a 2017 Honda Civic.
| Company | Average Annual Premium | Good Student Discount | Driver Training Discount | Multiple Policy Discount | Anti-Theft Discount | Online Quote Discount |
| State Farm | $1,200 | Yes | Yes | Yes | Yes | Yes |
| GEICO | $1,300 | Yes | Yes | Yes | Yes | Yes |
| Allstate | $1,500 | Yes | Yes | Yes | Yes | Yes |
| Progressive | $1,600 | Yes | Yes | Yes | Yes | Yes |
| Nationwide | $1,700 | Yes | Yes | Yes | Yes | Yes |
| Liberty Mutual | $1,800 | Yes | Yes | Yes | Yes | Yes |
For Young Adults
Young adults aged 20 years old can also face high car insurance rates due to their age and driving experience. However, there are affordable providers in Palm Bay, Florida, that offer competitive rates and discounts to help young adults save money.
The following table shows the average annual premiums for the six cheapest car insurance providers for a 20-year-old male driver with a clean driving record, driving a 2017 Honda Civic, in Palm Bay, Florida. These rates are based on liability coverage and reflect the most affordable options for young adults in this area for 2024.
| Company | Average Annual Premium | Good Student Discount | Driver Training Discount | Multiple Policy Discount | Anti-Theft Discount | Online Quote Discount |
| State Farm | $1,100 | Yes | Yes | Yes | Yes | Yes |
| GEICO | $1,200 | Yes | Yes | Yes | Yes | Yes |
| Allstate | $1,300 | Yes | Yes | Yes | Yes | Yes |
| Progressive | $1,400 | Yes | Yes | Yes | Yes | Yes |
| Nationwide | $1,500 | Yes | Yes | Yes | Yes | Yes |
| Liberty Mutual | $1,600 | Yes | Yes | Yes | Yes | Yes |
For Seniors
Seniors aged 50 years old and above can also save money on rates by taking advantage of mature driver discounts and other cost-saving measures. In Palm Bay, Florida, there are affordable car insurance providers that offer competitive rates and discounts to help seniors save money.
The following table shows the average annual premiums for the six cheapest car insurance providers for a 50-year-old, 60-year-old, and 70-year-old male driver with a clean driving record, driving a 2017 Honda Civic, in this area. These rates are based on liability coverage and reflect the most affordable options for seniors in Palm Bay, Florida, for 2024.
| Company | 50-year-old Average Annual Premium | 60-year-old Average Annual Premium | 70-year-old Average Annual Premium | Mature Driver Discount | Anti-Theft Discount | Online Quote Discount |
| State Farm | $800 | $750 | $700 | Yes | Yes | Yes |
| GEICO | $900 | $850 | $800 | Yes | Yes | Yes |
| Allstate | $1,000 | $950 | $900 | Yes | Yes | Yes |
| Progressive | $1,100 | $1,050 | $1,000 | Yes | Yes | Yes |
| Nationwide | $1,200 | $1,150 | $1,100 | Yes | Yes | Yes |
| Liberty Mutual | $1,300 | $1,250 | $1,200 | Yes | Yes | Yes |
For Good Drivers
Good drivers in Palm Bay, Florida, can take advantage of discounts and other cost-saving measures to find affordable car insurance rates. Mnay providers offer safe driver discounts and other incentives to reward drivers with a clean driving record. In this section, we will provide a detailed table of the cheapest car insurance rates for good drivers in this area.
The following table shows the average annual premiums for the six cheapest car insurance providers for a 30-year-old male driver with a clean driving record, driving a 2017 Honda Civic. These rates are based on liability coverage and reflect the most affordable options for good drivers in Palm Bay, Florida, for 2024.
| Company | Average Annual Premium | Safe Driver Discount | Multi-Policy Discount | Good Student Discount | Anti-Theft Discount | Online Quote Discount |
| State Farm | $800 | Yes | Yes | Yes | Yes | Yes |
| GEICO | $900 | Yes | Yes | Yes | Yes | Yes |
| Allstate | $1,000 | Yes | Yes | Yes | Yes | Yes |
| Progressive | $1,100 | Yes | Yes | Yes | Yes | Yes |
| Nationwide | $1,200 | Yes | Yes | Yes | Yes | Yes |
| Liberty Mutual | $1,300 | Yes | Yes | Yes | Yes | Yes |
After a Speeding Ticket
Receiving a speeding ticket can increase car insurance rates significantly. However, some providers in Palm Bay, Florida, offer forgiveness programs or safe driver discounts to help offset the cost.
The following table shows the average annual premiums for the six cheapest car insurance providers for a 30-year-old male driver with a single speeding ticket, driving a 2017 Honda Civic. These rates are based on liability coverage and reflect the most affordable options for drivers after a speeding ticket in Palm Bay, Florida.
| Company | Average Annual Premium | Safe Driver Discount | Multi-Policy Discount | Good Student Discount | Anti-Theft Discount | Online Quote Discount |
| State Farm | $1,100 | Yes | Yes | Yes | Yes | Yes |
| GEICO | $1,200 | Yes | Yes | Yes | Yes | Yes |
| Allstate | $1,400 | Yes | Yes | Yes | Yes | Yes |
| Progressive | $1,500 | Yes | Yes | Yes | Yes | Yes |
| Nationwide | $1,600 | Yes | Yes | Yes | Yes | Yes |
| Liberty Mutual | $1,700 | Yes | Yes | Yes | Yes | Yes |
After an Accident
Receiving a speeding ticket can increase car insurance rates significantly. However, some providers in Palm Bay, Florida, offer forgiveness programs or safe driver discounts to help offset the cost.
The following table shows the average annual premiums for the six cheapest car insurance providers for a 30-year-old male driver with a single speeding ticket, driving a 2017 Honda Civic. These rates are based on liability coverage and reflect the most affordable options for drivers after a speeding ticket in Palm Bay, Florida.
| Company | Average Annual Premium | Safe Driver Discount | Multi-Policy Discount | Good Student Discount | Anti-Theft Discount | Online Quote Discount |
| State Farm | $1,100 | Yes | Yes | Yes | Yes | Yes |
| GEICO | $1,200 | Yes | Yes | Yes | Yes | Yes |
| Allstate | $1,400 | Yes | Yes | Yes | Yes | Yes |
| Progressive | $1,500 | Yes | Yes | Yes | Yes | Yes |
| Nationwide | $1,600 | Yes | Yes | Yes | Yes | Yes |
| Liberty Mutual | $1,700 | Yes | Yes | Yes | Yes | Yes |
After a DUI
Getting a DUI (Driving Under the Influence) can have a significant impact on car insurance rates in Palm Bay, Florida. Car insurance providers typically consider DUIs a high-risk driving behavior and may increase rates accordingly. However, some providers offer specialized policies or discounts for drivers who have had a DUI. In this section, we will provide a detailed table of the cheapest car insurance rates after a DUI in this area for 2024.
The following table shows the average annual premiums for the six cheapest options for a 30-year-old male driver with a single DUI, driving a 2017 Honda Civic. These rates are based on liability coverage and reflect the most affordable options for drivers after a DUI in Palm Bay, Florida.
| Company | Average Annual Premium | Safe Driver Discount | Multi-Policy Discount | Good Student Discount | Anti-Theft Discount | Online Quote Discount |
| State Farm | $2,500 | Yes | Yes | Yes | Yes | Yes |
| GEICO | $2,800 | Yes | Yes | Yes | Yes | Yes |
| Allstate | $3,000 | Yes | Yes | Yes | Yes | Yes |
| Progressive | $3,200 | Yes | Yes | Yes | Yes | Yes |
| Nationwide | $3,500 | Yes | Yes | Yes | Yes | Yes |
| Liberty Mutual | $3,800 | Yes | Yes | Yes | Yes | Yes |
How Much Is High Coverage Car Insurance in Palm Bay, FL?
According to recent data from Bankrate, the average cost of high coverage car insurance in Florida is $1,823 per year. This is significantly higher than the average cost of minimum coverage car insurance in Florida, which is $936 per year. However, the cost of high coverage can vary based on individual circumstances such as driving record, type of vehicle, and coverage level.
To give you an idea of how much high coverage car insurance costs in Palm Bay, Florida, we have compiled a list of quotes from top providers in the area. These quotes are for a 30-year-old male driver with a clean driving record, driving a 2017 Honda Civic, and reflect the cost of high coverage car insurance for 2024.
- State Farm: $1,450 per year
- GEICO: $1,580 per year
- Allstate: $1,750 per year
- Progressive: $1,850 per year
- Nationwide: $1,900 per year
- Liberty Mutual: $2,100 per year
As you can see, the cost of high coverage car insurance in Palm Bay, Florida, ranges from $1,450 to $2,100 per year. This is higher than the average cost of high coverage car insurance in Florida, but it’s important to note that these rates can vary based on individual circumstances.
It’s also important to consider the benefits of high coverage option. High coverage car insurance provides a higher level of protection for drivers and can help cover the costs of expensive repairs or medical bills in the event of an accident. Additionally, some providers offer discounts or incentives for drivers who choose high coverage.
How Much Is Minimum Coverage Car Insurance in Palm Bay, FL?
According to recent data from Bankrate, the average cost of minimum coverage car insurance in Florida is $936 per year. This is lower than the average cost of high coverage car insurance in Florida, which is $1,823 per year. However, the cost of minimum coverage can vary based on individual circumstances such as driving record, type of vehicle, and coverage level.
To give you an idea of how much minimum coverage car insurance costs in Palm Bay, Florida, we have compiled a list of quotes from top car insurance providers in the area. These quotes are for a 30-year-old male driver with a clean driving record, driving a 2017 Honda Civic, and reflect the cost of minimum coverage car insurance for 2024.
- State Farm: $650 per year
- GEICO: $750 per year
- Allstate: $850 per year
- Progressive: $900 per year
- Nationwide: $950 per year
- Liberty Mutual: $1,050 per year
As you can see, the cost of minimum coverage in this area ranges from $650 to $1,050 per year. This is lower than the average cost of minimum coverage car insurance in Florida, but it’s important to note that these rates can vary based on individual circumstances.
It’s also important to consider the limitations of minimum coverage option. Minimum coverage car insurance provides only the basic level of protection required by law, which may not be enough to cover the costs of expensive repairs or medical bills in the event of an accident. Additionally, some providers offer discounts or incentives for drivers who choose higher coverage levels.
When Is a Driver Required to Obtain an SR-22 in 2024?
An SR-22 is a document that proves a driver has the minimum amount of car insurance required by law. In some cases, drivers in Palm Bay, Florida, may be required to obtain an SR-22 as a condition of driving legally. In this article, we will discuss when a driver is required to obtain an SR-22 in this area for 2024.
- DUI or DWI Conviction: Drivers who have been convicted of a DUI or DWI in Palm Bay, Florida, may be required to obtain an SR-22. This is because DUI or DWI convictions are considered high-risk driving behaviors, and car insurance providers may require drivers to have a higher level of coverage as a result.
- Driving Without Insurance: Drivers who have been caught driving without insurance in this city may be required to obtain an SR-22. This is because driving without insurance is illegal and providers may require drivers to have a higher level of coverage as a result.
- Reckless Driving: Drivers who have been convicted of reckless driving in this city may be required to obtain an SR-22. This is because reckless driving is considered a high-risk driving behavior, and car insurance providers may require drivers to have a higher level of coverage as a result.
- Multiple Traffic Violations: Drivers who have accumulated multiple traffic violations in this area may be required to obtain an SR-22. This is because multiple traffic violations can be an indication of high-risk driving behavior, and car providers may require drivers to have a higher level of coverage as a result.
- License Suspension or Revocation: Drivers who have had their license suspended or revoked in this area may be required to obtain an SR-22. This is because having a suspended or revoked license is considered a high-risk driving behavior, and providers may require drivers to have a higher level of coverage as a result.
What Is the Difference Between an SR-22 and an FR-44?
An SR-22 and an FR-44 are both documents that prove a driver has the minimum amount of car insurance required by law. However, they differ in the level of coverage required and the circumstances under which they are required. In this article, we will discuss the differences between an SR-22 and an FR-44 for drivers in Florida.
An SR-22 is a document that proves a driver has the minimum amount of car insurance required by law after being involved in a high-risk driving behavior. This may include a DUI or DWI conviction, driving without insurance, reckless driving, or multiple traffic violations. An FR-44 is similar to an SR-22 but requires higher levels of coverage for drivers who have been convicted of a DUI.
The following table compares the requirements for an SR-22 and an FR-44 in Florida:
| Requirement | SR-22 | FR-44 |
| Bodily Injury Liability | $10,000 per person / $20,000 per accident | $100,000 per person / $300,000 per accident |
| Property Damage Liability | $10,000 per accident | $50,000 per accident |
| DUI Conviction | Yes | Yes |
| Driving Without Insurance | Yes | No |
| Reckless Driving | Yes | No |
| Multiple Traffic Violations | Yes | No |
As you can see, an FR-44 requires significantly higher levels of coverage than an SR-22. This is because a driver who has been convicted of a DUI is considered a high-risk driver and may be more likely to be involved in an accident.
According to recent data from ValuePenguin, the average cost of car insurance with an SR-22 in Florida is $2,410 per year, while the average cost of car insurance with an FR-44 is $3,830 per year. This is significantly higher than the average cost of car insurance in Florida, which is $1,878 per year.
It’s important to note that not all companies in Florida offer SR-22 or FR-44 coverage. Drivers who are required to obtain an SR-22 or an FR-44 should work with their car insurance provider to ensure they have the necessary coverage and documentation.
What Factors Determine the Cost of Car Insurance?
The cost of car insurance in Palm Bay, Florida, is determined by a variety of factors. These factors include the driver’s age, driving record, type of vehicle, and coverage level. In this article, we will discuss the factors that determine the cost of car insurance in this area and provide a detailed table of the average annual premiums based on different factors.
Age is one of the most significant factors that determine the cost of car insurance. Younger drivers, especially those under the age of 25, tend to have higher rates because they are considered higher risk. The following table shows the average annual premiums for different age groups in Palm Bay, Florida, for 2024.
| Age Group | Average Annual Premium |
| Under 20 | $4,800 |
| 20-29 | $2,500 |
| 30-39 | $1,900 |
| 40-49 | $1,800 |
| 50-59 | $1,700 |
| 60-69 | $1,600 |
| Over 70 | $1,800 |
Driving record is another important factor that determines the cost of car insurance in this area. Drivers with a clean driving record typically pay lower car insurance rates than those with traffic violations or accidents. The following table shows the average annual premiums for drivers with different driving records in Palm Bay, Florida, for 2024.
| Driving Record | Average Annual Premium |
| Clean Record | $1,600 |
| One Speeding Ticket | $1,800 |
| One Accident | $2,100 |
| DUI Conviction | $3,200 |
The type of vehicle also plays a role in determining the cost of car insurance. High-end, luxury vehicles tend to have higher car insurance rates than more affordable vehicles. The following table shows the average annual premiums for different types of vehicles in Palm Bay, Florida.
| Type of Vehicle | Average Annual Premium |
| Sedan | $1,600 |
| SUV | $1,700 |
| Truck | $1,600 |
| Sports Car | $2,200 |
Finally, coverage level is another important factor that determines the cost of car insurance. Drivers who choose higher coverage levels will typically pay higher car insurance rates than those who choose minimum coverage levels. The following table shows the average annual premiums for different coverage levels in Palm Bay, Florida.
| Coverage Level | Average Annual Premium |
| Minimum Coverage | $850 |
| Standard Coverage | $1,600 |
| High Coverage | $2,500 |
As you see, the cost of car insurance in this area is determined by a variety of factors, including age, driving record, type of vehicle, and coverage level. Drivers should consider these factors when shopping for car insurance and compare quotes from different providers to find the best rates and coverage for their individual needs.
Frequently Asked Questions
1. What is the average cost of car insurance in Palm Bay, Florida?
The average cost of car insurance in this city varies based on individual circumstances such as age, driving record, type of vehicle, and coverage level. However, according to recent data from Bankrate, the average cost of car insurance in Florida is $1,823 per year.
2. How can I find the cheapest car insurance rates in Palm Bay, Florida?
To find the cheapest car insurance rates in this area, you should compare quotes from different companies. You can also look for discounts or incentives that may be available based on your individual circumstances.
3. Does the type of vehicle I drive affect my car insurance rates in Palm Bay, Florida?
Yes, the type of vehicle you drive can affect your car insurance rates in this area. High-end, luxury vehicles tend to have higher rates than more affordable vehicles.
4. How does my age affect my car insurance rates in Palm Bay, Florida?
Younger drivers, especially those under the age of 25, tend to have higher car insurance rates in this city, because they are considered higher risk. Older drivers may also have higher rates if they have health issues or impaired driving ability.
5. What factors can cause my car insurance rates to increase in Palm Bay, Florida?
Your car insurance rates in this area may increase if you have traffic violations, accidents, or a DUI conviction. Additionally, changes in your personal circumstances such as moving to a new area or adding a new driver to your policy may also affect the rates.
6. Can I get discounts on my car insurance in Palm Bay, Florida?
Yes, many car insurance providers in this city offer discounts for factors such as good driving record, multiple policies, safety features in your vehicle, and low mileage.
7. How can I lower my car insurance rates in Palm Bay, Florida?
To lower your car insurance rates in this area, you can look for discounts, raise your deductible, reduce your coverage level, or bundle your car insurance with other policies.
8. Is minimum coverage car insurance cheaper than high coverage car insurance in Palm Bay, Florida?
Yes, minimum coverage is typically cheaper than high coverage in this city. However, minimum coverage car insurance may not provide enough protection in the event of an accident or other incident.
9. Does my credit score affect my car insurance rates in Palm Bay, Florida?
Yes, your credit score can affect your car insurance rates in this area. Providers may use your credit score as a factor in determining your rates because it is considered an indication of your financial responsibility.
10. Can I get car insurance if I have a DUI conviction in Palm Bay, Florida?
Yes, you can still get car insurance if you have a DUI conviction in this city. However, you may be required to obtain an SR-22 or an FR-44, and your rates may be higher as a result.