Palm Bay, FL Car Insurance

How Much Does Car Insurance Cost in Palm Bay?

Palm Bay’s average car insurance rate is $2,071 per year. It is cheaper than the state’s average rate of $2,297 but more expensive than the nation’s average of $1,541. Several factors are evaluated when insurers calculate your car insurance quote. Your marital status, driving history, credit tier, age, and location are the most common aspects that influence your annual car insurance cost in Palm Bay.

If you want to save on your car insurance, it is wise to compare the rates from several companies to identify the one the best suits your current driving profile. Your location, age, driving history, credit tier, and marital status will directly affect your car insurance rate in Palm Bay. Thus, every driver garners different rates all the time.

Palm Bay Car Insurance Costs by Company

There are several car insurance companies in Palm Bay. Each car insurance company offers different policies and rates. State Farm offers the cheapest car insurance in Cape Coral with an average rate of $1,597 annually. Maintaining a clean driving history will keep your car insurance rates to stay on the average. But, there other pertaining factors that contribute to your overall car insurance rate yearly.

Insurance CompanyAnnual RateMonthly Rate
State Farm$1,597$133
GEICO$1,776$148
MetLife$1,889$157
Direct Auto$2,689$224
Allstate$2,833$236

Florida Cheapest Car Insurance Rates For Minimum Coverage

If you are looking for an insurance company that offers the cheapest car insurance cost with minimum coverage, several companies around the state provide minimum car insurance coverage at a competitive price. State Farm by far offers the best deal when it comes to purchasing car insurance with minimum coverage.

Insurance CompanyAnnual RateMonthly Rate
State Farm$2,528$211
GEICO$3,206$267
Direct Auto$3,266$272
Allstate$3,911$326
MetLife$5,222$435

Palm Bay Auto Insurance Rates by Age Bracket

The driver’s age impacts car insurance rates in Palm Bay. Drivers within the age range of fifty and up carry cheaper auto insurance premiums in contrast to other age groups. Teenagers, however, pay the most for car insurance in Palm Bay since they are considered high-risk drivers. On a brighter note, when teens reach the age of 20, a substantial decrease in their premiums will reflect immediately.

Palm Bay Car Insurance Rates Per Age Group

Age GroupAnnual RateMonthly Rate
Teenagers$5,878$490
20s$2,652$221
30s$2,067$172
40s$2,027$169
50s$1,901$158
60s$1,944$162
70s$2,388$199

Florida Cheapest Full Coverage Insurance Rates For Young Drivers With Clean Driving History

In Florida, teen drivers are considered inexperienced and high-risk drivers. That is why they pay the most expensive car insurance rates in Florida. But, if you are a young responsible driver, several auto insurance companies in Florida will provide you car insurance coverage at a cheaper rate.

Insurance CompanyAnnual RateMonthly Rate
State Farm$2,001$167
GEICO$2,487$207
MetLife$2,877$240
Allstate$3,922$327
Direct Auto$3,201$267

Palm Bay Car Insurance Premiums By Gender and Marital Status

Other factors that drive car insurance rates are the driver’s marital status and gender. Married couples and widowed drivers in Palm Bay pay lower car insurance rates in contrast to those who are single. While married couples are considered responsible drivers in contrast to single drivers, their gender also affects their overall auto insurance premiums. Female drivers pay more than males for car insurance in Palm Bay.

Palm Bay Car Insurance Premiums by Marital Status and Gender

Marital Status/GenderAnnual RateMonthly Rate
Female$2,122$177
Male$2,071$172
Single$1,987$166
Married$1,987$166
Divorced$2,122$177
Widowed$2,033$169

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Florida Cheapest Car Insurance Rates For Married Couples

As was mentioned, married couples pay cheaper car insurance rates in Florida. Married couples are considered financially stable and low-risk responsible drivers. Thus, they pay a cheaper car insurance rate in Florida. MetLife by far offers the cheapest auto insurance rates for married couples. 

Insurance CompanyAnnual RateMonthly Rate
MetLife$2,374$198
State Farm$2,721$227
GEICO$3,022$252
Direct Auto$3,233$269
Allstate$3,333$278

Palm Bay Auto Insurance Rates After an Accident or Violation

A driver with a clean driving history can substantially help in minimizing his/her Palm Bay car insurance costs. However, one at-fault accident can cause your premiums to increase. Even acquiring speeding tickets, and reckless driving citations are considered a risk. Thus, maintaining a good driving record in Palm Bay will keep your premiums low and close to the average of $2,071 annually.

Palm Bay Car Insurance Rates For High-Risk Drivers

Driving ViolationAnnual RateMonthly Rate
DUI/DWI$3,033$253
Reckless Driving$3,142$262
At-Fault Accident (less than $1000 damages)$2,862$239
At-Fault Accident (more than $1000 damages)$2,862$239
Speeding Ticket$2,601$217

Florida Average Auto Insurance Costs With One At-Fault Accident

Typically, one at-fault accident will drive your car insurance rates in Florida up. Depending on the number of damages acquired, drivers who have been in an at-fault accident pay expensive auto insurance rates in Florida. However, there are car insurance companies around Florida that offer less expensive car insurance premiums to high-risk drivers.

Insurance CompanyAnnual RateMonthly Rate
State Farm$2,033$169
GEICO$2,821$239
MetLife$3,237$270
Direct Auto$3,411$284
Allstate$3,962$330

Florida Average Car Insurance Rate After A Ticket

Receiving a speeding ticket might not seem like a serious offense but, in Florida, drivers typically will pay more on their auto insurance premiums after a ticket. However, some insurance companies around the state offer cheap car insurance premiums to reckless drivers in Florida.

Insurance CompanyAnnual RateMonthly Rate
State Farm$1,902$159
GEICO$2,955$246
MetLife$2,721$227
Direct Auto$3,163$264
Allstate$2,811$234

Palm Bay Auto Insurance Rates by Credit Tier

Apart from your gender, marital status, driving record, and age, your credit tier is another factor Palm Bay auto insurance companies assess when calculating your car insurance rates. Building a robust credit score will render savings on your car insurance premiums. Also, if you leverage your credit from Very Poor to Exceptional will give you savings up to 59% annually on your car insurance rates. Hence, keeping a good credit score is one way for your rates to stay on the average in Palm Bay.

Palm Bay Car Insurance Premiums by Credit Tier

Credit LevelAnnual RateMonthly Rate
Very Poor$4,066$339
Fair$2,533$211
Good$2,072$173
Very Good$1,881$157
Exceptional$1,671$139

Florida Average Car Insurance Rates by Poor Credit with Minimum Coverage

Several car insurance companies in Florida provide cheap premiums for drivers with poor credit who purchase car insurance with minimum coverage. State Farm offers the cheapest car insurance rates with minimum coverage in Florida.

Insurance CompanyAnnual RateMonthly Rate
State Farm$1,989$166
GEICO$1,955$163
United Auto$2,671$223
Direct Auto$1,298$108
Allstate$2,244$187

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Florida Average Car Insurance Rates For Good Drivers With Poor Credit

Your credit tier is one of the aspects that impact your car insurance rates in Florida. Having a poor credit score can increase your car insurance premiums. However, if you are a good driver with poor credit, some car insurance companies in Florida offer cheap coverage despite the poor credit tier.

Insurance CompanyAnnual RateMonthly Rate
Direct Auto$2,528$211
United Auto$3,206$267
State Farm$3,266$272
GEICO$3,911$326
Allstate$5,222$435

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Palm Bay Car Insurance FAQs

  • Is it possible for my car insurance policy in Palm Bay to get canceled if I was involved in an accident?

    Generally speaking, no. Your car insurance coverage will not be canceled just because you were in an accident. However, if you were at fault, it is likely for your car insurance rate in Palm Bay to rise.

  • Is there a car insurance policy in Palm Bay specially made for new cars?

    Typically, it depends on the company. Some may have and some may not have that kind of car insurance policy. However, if you get to find one, the most common coverage is new car replacement. It means, if your brand new car gets totaled, the company will replace it with a new one of the same model.

  • What if I add some new features to my car, do I need to purchase special coverage?

    Most car insurance companies in Palm Bay offer up to $1,000 coverage if you wish to upgrade your car with the latest safety features.

  • Is there car insurance coverage for collectible or antique autos in Palm Bay?

    Yes. Most car insurance companies in Palm Bay offer coverage for these kinds of autos.

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