Cheapest and Best Car Insurance Companies in Palm Bay, FL

Your driver profile and needs can significantly affect your cheapest options for car insurance. In Palm Bay, GEICO offers the least expensive minimum coverage policies, whereas State Farm has the most affordable rates for full coverage policies, drivers with violations and those with a military background. Teen drivers on a family policy may fare better with Nationwide.

If you value service quality along with affordability, State Farm is MoneyGeek’s pick for the best overall auto insurer in Palm Bay. Travelers is the best for customer service, while GEICO has the best cheap car insurance.

Our analysis discovered that the cheapest car insurance providers in Palm Bay for minimum coverage are:

• GEICO: $409 per year
• State Farm: $512 per year

A minimum coverage policy from Progressive is the most expensive in Palm Bay at roughly $1,136 per year.

On a statewide basis, State Farm offers the cheapest auto insurance in Florida at $507 per year as of October 2022. Where you live in the state plays a role in your car insurance rates.

In Florida, drivers are only required to carry car insurance that covers property damage liability and personal injury protection with at least the following amounts:

• $10,000 per accident in property damage liability
• $10,000 in personal injury protection

Unlike other states, Florida doesn’t require bodily injury liability coverage. If you are at fault and have a minimum coverage policy, your insurance provider will cover up to $10,000 in damages caused to another person’s property and up to $10,000 in medical costs incurred by you and your passengers, regardless of who was at fault.

In Palm Bay, the least expensive full coverage policies are from:

• State Farm: $1,018 per year
• GEICO: $1,102 per year

Direct General Insurance is the most expensive company for full coverage, with policies averaging $2,101 per year in Palm City.

Across the state, State Farm offers the cheapest full coverage car insurance in Florida at $1,058 per year as of October 2022, slightly higher than the rate for Palm Bay. How much you pay for auto insurance may be influenced by your geographical location.

In addition to increasing your coverage limits, a full coverage policy also includes comprehensive and collision insurance.

• Collision Insurance: Pays for the damages to your car caused by colliding with another vehicle or a stationary object like a tree or a lamppost.
• Comprehensive Insurance: Covers the cost of damages to your vehicle caused by a non-accident incident, such as fire, weather-related events, theft or vandalism.

Getting full coverage is recommended if you have a new or high-value car you want to protect. Otherwise, paying hundreds more per year for extra coverage may not be worth it.

Palm Bay drivers looking for full coverage policies after driving violations will likely find the cheapest rates from State Farm. These are the company’s average rates for several different types of offenses:

• Speeding ticket: State Farm ($1,149 per year)
• At-fault accident State Farm ($1,248 per year)
• DUI: State Farm ($1,149 per year)

The most expensive full coverage policies in Palm Bay after a speeding ticket, at-fault accident or DUI are offered by Progressive ($2,643 per year), Allstate ($3,526 per year) and Mercury ($2,788 per year), respectively. How much you pay for car insurance may be significantly impacted by your driving record, so even the lowest rates may be relatively expensive after an offense.

Car insurance rates can increase with the severity of the driving violation. However, this isn’t always the case in Palm Bay, as State Farm’s average rates for drivers with speeding tickets and DUIs are exactly the same. Generally speaking, looking for the cheapest car insurance with a bad driving record is essential to save on premiums.

For 16-year-old drivers on a family policy, Palm Bay’s cheapest car insurance companies are:

• Nationwide: $2,892 per year for teen girls; $3,257 per year for teen boys
• GEICO: $4,001 per year for teen girls; $4,050 per year for teen boys

Progressive has the most expensive rates for a family adding a teen girl ($6,216 per year) or teen boy ($6,120 per year) to their policy. Teen boys tend to have higher car insurance rates than teen girls because they are seen as higher risk. However, once these drivers reach early adulthood, the difference in pricing drops off.

Because car insurance rates are higher for teens if they buy their own policy, it’s wiser to add them to a family policy. In Palm Bay, doing so can save you around $4,940 on premiums. Find the cheapest car insurance for teens to avoid spending too much on coverage.

For military families in Palm Bay, the least expensive full coverage policies are offered by:

• State Farm: $1,018 per year
• GEICO: $1,102 per year

USAA may be another good option for auto insurance, as it tailors its policies to those with a military background.

If you opt for minimum coverage, GEICO offers the cheapest car insurance for military drivers at an average of $409 per year, whereas State Farm provides the second-lowest rate at $512 per year.

Getting a car insurance quote online from one company can take around 15 minutes or more because you have to provide a lot of personal information. This process can take even longer if you compare quotes from different insurers.

Using our car insurance calculator is a convenient way to obtain rates with multiple insurers based on just your age, coverage level, vehicle type and driving record.

Your best options for auto insurance may depend on how much you value affordability, service quality, coverage and other factors. Depending on your needs, Palm Bay’s best car insurance companies are:

• Best overall: State Farm (MoneyGeek score of 76 out of 100)
• Best for service: Travelers (MoneyGeek score of 60 out of 100)
• Best cheap: GEICO (MoneyGeek score of 78 out of 100)

A company’s overall MoneyGeek score may change based on how factors are weighted differently in each category. Overall, State Farm is also the best auto insurance company in Florida. If you have a military background, USAA is a highly recommended insurer, as it specifically caters to military families.

Based on our analysis of affordability and service quality, the best car insurance companies in Palm Bay are:

• State Farm: MoneyGeek score of 76 out of 100 ($1,018 per year)
• GEICO: MoneyGeek score of 73 out of 100 ($1,102 per year)

State Farm’s affordable policies and excellent service help this company stand out from the crowd, outranking eight other insurers in our comparison group.

Without considering cost in our analysis, we found that the best auto insurers in Palm Bay for customer service are:

• Travelers: MoneyGeek score of 60 out of 100 ($1,295 per year)
• State Farm: MoneyGeek score of 58 out of 100 ($1,018 per year)

Travelers scored the highest out of nine insurers because it provides quality service and essential add-on coverages. It’s also cheaper than some insurers, indicating that you won’t necessarily have to pay a high price to get excellent customer service.

For policies that only meet Florida’s minimum coverage requirements, the best car insurance companies based on affordability and service quality are:

• GEICO: MoneyGeek score of 78 out of 100 ($409 per year)
• State Farm: MoneyGeek score 72 out of 100 ($512 per year)

You can get the cheapest rates with minimum coverage policies, but expect limited protection against liability costs and no coverage for damages to your own vehicle in case of an accident.

As of October 2022, the average cost of car insurance in Palm Bay is $1,551 per year, $384 cheaper than the average cost of car insurance in Florida and $286 higher than the national average of $1,265 per year. These rates are for a full coverage policy with $100,000 in bodily injury liability per person, $300,000 in bodily injury liability per accident and $100,000 in property damage liability per accident. As always, your geographical location is a significant factor affecting how much you pay for car insurance.