Compare the Cheapest Car Insurance Quotes in Palm Bay
Compared to the state average of $2,208, Palm Bay has a lower car insurance premium of $1,670 per year. The cheapest widely available policy is from GEICO, which costs an average of $1,141 annually. Compare quotes from multiple providers using MoneyGeek's data on various driving histories and coverage levels. We have also rated the best car insurance companies in Palm Bay by balancing affordability and quality.
Compare Auto Insurance Rates
Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.
Quality Verified
Your driving history and coverage level will determine if GEICO or another Palm Bay insurance company is the cheapest for you. According to MoneyGeek, the most affordable widely available providers for state minimum insurance and those with a traffic ticket are:
- Cheapest For State Minimum Policy: GEICO at $495 per year
- Cheapest For Ticketed Drivers: State Farm at $1,587 per year
Military families can qualify for coverage from USAA, which may offer even steeper discounts. Furthermore, MoneyGeek rated Esurance as the city’s best auto insurance provider, based on affordability and customer service.
The Cheapest and Best Car Insurance in Palm Bay



The Cheapest Car Insurance Companies in Palm Bay
The following companies offer the cheapest widely available car insurance in Palm Bay for drivers seeking full-coverage insurance plans:
- GEICO: $1,141 per year
- Travelers: $1,427 per year
For military families, USAA is the cheapest company. Due to this eligibility requirement, we did not include this company in our rankings.
On average, GEICO's policy only costs half as much as the average policy from Progressive — Palm Bay's most expensive car insurance company. A full-coverage policy, in addition to the liability coverage needed by state law, includes comprehensive and collision insurance. Your premiums, however, may vary depending on the amount of liability coverage you select.
Cheapest Car Insurance in Palm Bay
- Company100/300/100per year
- 1.$813
- 2.$1,141
- 3.$1,427
- 4.$1,481
- 5.$1,489
MoneyGeek's methodology considered the average insurance premiums for a 40-year-old sample male driver purchasing a full-coverage insurance policy. A full-coverage insurance policy will cost more because, in addition to liability insurance, it will cover the following two coverages:
- Comprehensive Coverage: Provides coverage for damages caused by non-accident-related disasters, such as storms, fire, theft and vandalism.
- Collision Coverage: If your car collides with another vehicle or object, collision coverage will compensate for related losses and damages.
For drivers with older vehicles, liability insurance or the state's basic minimum coverage may be a better financial option, as comprehensive insurance may cost more than the worth of your car.
Compare Car Insurance Rates in Palm Bay
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

Cheapest Car Insurance in Palm Bay for Minimum Coverage
The cheapest car insurance in Palm Bay provides only the minimum necessary protection. The following companies offer the city's cheapest minimum liability insurance:
- GEICO: $495 per year
- Travelers: $687 per year
Low-coverage insurance policies are the most cost-effective option because they offer limited liability coverage. In the event of an accident, however, a full-coverage insurance policy with comprehensive and collision coverage can offer complete protection.
At an average of $1,377 a year, Progressive's quote costs $882 more than GEICO's. Only military personnel and their families qualify for USAA's state minimum policy at $450 per year, which is the city's cheapest.
Cheapest Minimum Liability Car Insurance in Palm Bay
- CompanyState Minimumper year
- 1.$359
- 2.$495
- 3.$687
- 4.Allied$753
- 5.$779
Drivers in Florida are required by law to have at least $10,000 in personal injury protection (PIP) and $10,000 in property damage liability insurance. While policies with this coverage may be the cheapest insurance in Palm Bay, you may end up spending a lot out of pocket after an accident.
For instance, if you cause another driver $15,000 in property damage and your insurance policy just covers $10,000, you must pay the remaining $5,000. Having a full-coverage insurance policy can help you avoid this.
Florida Minimum Liability Requirements
- ItemDescription
- Property Damage$10,000 for property damage. A more protective level is 100/300/100.
- Personal Injury Protection$10,000 per person.
Cheapest Car Insurance in Palm Bay if You Have Driving Violations
Car insurance quotes in Palm Bay may increase if you have a traffic ticket for speeding, hitting another car or driving under the influence (DUI). Based on the city's most common traffic violations, the following are the cheapest widely available insurance in the city:
- Cheapest After A Ticket: State Farm, $1,587 per year
- Cheapest After An At-Fault Accident: GEICO, $1,566 per year
- Cheapest After A DUI: State Farm, $1,587 per year
USAA has the cheapest insurance rates for all of the above offenses. However, its policies are only sold to veteran and active military members and their families.
If you keep a clean driving record in the future, your insurance costs may decrease, even if you've had a traffic ticket in the past. During this time, you can look for the best cheap car insurance for people who have bad driving records by comparing prices from different providers.
Cheapest Car Insurance in Palm Bay With a Violation
- CompanySpeeding Ticketper year
- 1.$892
- 2.$1,587
- 3.$1,737
- 4.$1,775
- 5.$1,972
Average Cost of Car Insurance in Palm Bay
Palm Bay's average car insurance premium is $1,670 per year, which is lower than the state average but higher than the national average. Palm Bay drivers pay around 24.4% less than the state's average premium and 17.3% more than the national average.
Personalized Quotes to Get You the Cheapest Car Insurance in Palm Bay
Car insurance companies in Palm Bay compute insurance rates based on factors such as the driver's gender and age, vehicle make and model and ZIP code. For example, an 18-year-old usually pays higher insurance premiums than a 40-year-old driver. To get the best possible rates, you should regularly compare quotes from multiple providers.
Compare Car Insurance Rates in Palm Bay
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

The Best Car Insurance Companies in Palm Bay
MoneyGeek ranked the best insurers in Palm Bay for customers seeking a balance of quality service and affordability. With these qualifiers, our analysis revealed that the following companies are the best auto insurance providers in the city:
- Esurance: MoneyGeek score of 95 out of 100
- GEICO: MoneyGeek score of 85 out of 100
USAA outperforms all of its competitors as the best insurance company in Palm Bay but is only available to military families.
We identified the best insurers based on factors like financial stability, customer satisfaction and affordability. Our sources include J. D. Power, a data analytics and consumer intelligence firm, among others.










Average Cost of Car Insurance by Postal Code
The location of your home affects the amount of money you pay for auto insurance in Florida’s Palm Bay. For instance, people who live in the 32909 ZIP code spend roughly $21 less on annual auto insurance premiums than drivers in the 32907 ZIP code.
- Zip CodeState Minimumper year
- 32909$1,659
- 32907$1,680
Factors That Impact Insurance Costs in Palm Bay
In addition to individual driver needs and history, location-specific factors like personal injury protection coverage requirements and the percentage of uninsured motorists also contribute to car insurance rates in Palm Bay. How Palm Bay ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Palm Bay are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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