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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.

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2023

Cheapest and Best Car Insurance in Palm Bay, FL

Cheapest Minimum Liability Car Insurance in Palm Bay

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.

Company
Annual Premium
Monthly Premium

GEICO

$380

$32

GEICO

$409

$34

State Farm

$478

$40

State Farm

$512

$43

GEICO

$541

$45

Nationwide

$570

$48

State Farm

$588

$49

Travelers

$588

$49

Nationwide

$599

$50

Travelers

$613

$51

Travelers

$662

$55

Nationwide

$686

$57

Mercury

$757

$63

Mercury

$800

$67

Farmers

$831

$69

Farmers

$881

$73

Allstate

$900

$75

Allstate

$915

$76

Allstate

$923

$77

State Farm

$938

$78

Farmers

$986

$82

State Farm

$1,018

$85

GEICO

$1,023

$85

Mercury

$1,027

$86

Direct General Insurance

$1,073

$89

GEICO

$1,102

$92

Direct General Insurance

$1,103

$92

Progressive

$1,122

$94

Progressive

$1,136

$95

Nationwide

$1,140

$95

State Farm

$1,212

$101

Nationwide

$1,217

$101

Travelers

$1,238

$103

Progressive

$1,267

$106

Travelers

$1,295

$108

Direct General Insurance

$1,337

$111

Nationwide

$1,431

$119

Travelers

$1,467

$122

GEICO

$1,548

$129

Mercury

$1,560

$130

Mercury

$1,658

$138

Farmers

$1,682

$140

Farmers

$1,844

$154

Progressive

$1,874

$156

Progressive

$1,908

$159

Allstate

$1,967

$164

Allstate

$1,976

$165

Allstate

$2,049

$171

Direct General Insurance

$2,091

$174

Direct General Insurance

$2,101

$175

Farmers

$2,112

$176

Progressive

$2,239

$187

Mercury

$2,249

$187

Direct General Insurance

$2,717

$226

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.

Cheapest Full Coverage Car Insurance in Palm Bay

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.

Company
Annual Premium
Monthly Premium

GEICO

$380

$32

GEICO

$409

$34

State Farm

$478

$40

State Farm

$512

$43

GEICO

$541

$45

Nationwide

$570

$48

State Farm

$588

$49

Travelers

$588

$49

Nationwide

$599

$50

Travelers

$613

$51

Travelers

$662

$55

Nationwide

$686

$57

Mercury

$757

$63

Mercury

$800

$67

Farmers

$831

$69

Farmers

$881

$73

Allstate

$900

$75

Allstate

$915

$76

Allstate

$923

$77

State Farm

$938

$78

Farmers

$986

$82

State Farm

$1,018

$85

GEICO

$1,023

$85

Mercury

$1,027

$86

Direct General Insurance

$1,073

$89

GEICO

$1,102

$92

Direct General Insurance

$1,103

$92

Progressive

$1,122

$94

Progressive

$1,136

$95

Nationwide

$1,140

$95

State Farm

$1,212

$101

Nationwide

$1,217

$101

Travelers

$1,238

$103

Progressive

$1,267

$106

Travelers

$1,295

$108

Direct General Insurance

$1,337

$111

Nationwide

$1,431

$119

Travelers

$1,467

$122

GEICO

$1,548

$129

Mercury

$1,560

$130

Mercury

$1,658

$138

Farmers

$1,682

$140

Farmers

$1,844

$154

Progressive

$1,874

$156

Progressive

$1,908

$159

Allstate

$1,967

$164

Allstate

$1,976

$165

Allstate

$2,049

$171

Direct General Insurance

$2,091

$174

Direct General Insurance

$2,101

$175

Farmers

$2,112

$176

Progressive

$2,239

$187

Mercury

$2,249

$187

Direct General Insurance

$2,717

$226

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.

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Cheapest Car Insurance in Palm Bay After a Driving Offense

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.

Company
Annual Premium
Monthly Premium

State Farm

$542

$45

State Farm

$542

$45

GEICO

$578

$48

State Farm

$581

$48

State Farm

$581

$48

State Farm

$590

$49

GEICO

$617

$51

State Farm

$633

$53

State Farm

$669

$56

State Farm

$669

$56

GEICO

$673

$56

Nationwide

$673

$56

Nationwide

$702

$59

GEICO

$709

$59

State Farm

$730

$61

GEICO

$734

$61

GEICO

$758

$63

GEICO

$786

$66

Nationwide

$788

$66

GEICO

$803

$67

Nationwide

$820

$68

Travelers

$832

$69

Travelers

$837

$70

Nationwide

$852

$71

Travelers

$855

$71

Travelers

$876

$73

Travelers

$886

$74

Farmers

$891

$74

Allstate

$900

$75

Travelers

$907

$76

Allstate

$915

$76

Allstate

$923

$77

Nationwide

$948

$79

Farmers

$955

$80

GEICO

$1,002

$84

Farmers

$1,015

$85

Travelers

$1,016

$85

Travelers

$1,024

$85

Travelers

$1,042

$87

Farmers

$1,049

$87

State Farm

$1,060

$88

State Farm

$1,060

$88

Direct General Insurance

$1,073

$89

Mercury

$1,086

$91

Farmers

$1,095

$91

Direct General Insurance

$1,103

$92

Direct General Insurance

$1,112

$93

Allstate

$1,140

$95

Direct General Insurance

$1,142

$95

Allstate

$1,144

$95

State Farm

$1,149

$96

State Farm

$1,149

$96

State Farm

$1,151

$96

Allstate

$1,158

$96

Farmers

$1,173

$98

Farmers

$1,199

$100

Mercury

$1,232

$103

State Farm

$1,248

$104

Nationwide

$1,259

$105

Progressive

$1,272

$106

Progressive

$1,272

$106

Nationwide

$1,296

$108

Mercury

$1,313

$109

Mercury

$1,324

$110

Direct General Insurance

$1,337

$111

Farmers

$1,348

$112

Direct General Insurance

$1,349

$112

Nationwide

$1,356

$113

Farmers

$1,357

$113

State Farm

$1,371

$114

State Farm

$1,371

$114

Nationwide

$1,410

$118

Progressive

$1,419

$118

Nationwide

$1,432

$119

Progressive

$1,436

$120

Progressive

$1,461

$122

State Farm

$1,491

$124

Direct General Insurance

$1,497

$125

Allstate

$1,512

$126

Allstate

$1,516

$126

Mercury

$1,517

$126

Direct General Insurance

$1,520

$127

Allstate

$1,532

$128

Mercury

$1,556

$130

Mercury

$1,579

$132

Progressive

$1,581

$132

GEICO

$1,610

$134

Progressive

$1,642

$137

Nationwide

$1,646

$137

Nationwide

$1,664

$139

Progressive

$1,671

$139

GEICO

$1,708

$142

Nationwide

$1,748

$146

Travelers

$1,797

$150

Progressive

$1,804

$150

Mercury

$1,813

$151

Mercury

$1,827

$152

Travelers

$1,838

$153

Direct General Insurance

$1,844

$154

Farmers

$1,844

$154

Travelers

$1,878

$157

Travelers

$1,884

$157

Travelers

$1,928

$161

GEICO

$1,946

$162

Allstate

$1,967

$164

Travelers

$1,971

$164

Allstate

$1,976

$165

Nationwide

$1,984

$165

GEICO

$2,005

$167

Farmers

$2,043

$170

Allstate

$2,049

$171

GEICO

$2,056

$171

Direct General Insurance

$2,091

$174

Direct General Insurance

$2,101

$175

Farmers

$2,103

$175

GEICO

$2,128

$177

Direct General Insurance

$2,162

$180

Progressive

$2,182

$182

Travelers

$2,185

$182

GEICO

$2,188

$182

Progressive

$2,190

$183

Direct General Insurance

$2,214

$185

Travelers

$2,244

$187

Farmers

$2,280

$190

Travelers

$2,292

$191

Mercury

$2,321

$193

Farmers

$2,344

$195

GEICO

$2,422

$202

Farmers

$2,539

$212

Progressive

$2,557

$213

Nationwide

$2,583

$215

Farmers

$2,599

$217

Mercury

$2,626

$219

Progressive

$2,643

$220

Progressive

$2,662

$222

Allstate

$2,665

$222

Allstate

$2,679

$223

Nationwide

$2,679

$223

Direct General Insurance

$2,717

$226

Allstate

$2,768

$231

Mercury

$2,788

$232

Direct General Insurance

$2,802

$234

Direct General Insurance

$2,855

$238

Mercury

$2,928

$244

Nationwide

$2,956

$246

GEICO

$2,956

$246

Direct General Insurance

$2,969

$247

Farmers

$3,005

$250

Progressive

$3,012

$251

Farmers

$3,035

$253

Progressive

$3,054

$255

Progressive

$3,131

$261

Mercury

$3,338

$278

Mercury

$3,344

$279

Mercury

$3,413

$284

Progressive

$3,461

$288

Allstate

$3,526

$294

Allstate

$3,555

$296

Allstate

$3,642

$304

Direct General Insurance

$3,749

$312

Mercury

$4,008

$334

Mercury

$4,115

$343

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.

Cheapest Car Insurance in Palm Bay for Teens and Their Families

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.

Company
Family Plan Annual Premium
Individual Plan Monthly Premium

GEICO

$1,648

$3,901

GEICO

$1,771

$4,191

Travelers

$1,797

$3,031

GEICO

$1,840

$4,811

Travelers

$1,893

$3,074

GEICO

$1,907

$4,514

Travelers

$2,036

$3,737

Travelers

$2,040

$3,441

Nationwide

$2,091

$3,374

Travelers

$2,092

$3,529

Travelers

$2,180

$3,541

Nationwide

$2,188

$2,825

Nationwide

$2,198

$2,838

Nationwide

$2,203

$2,958

Nationwide

$2,230

$3,945

Travelers

$2,249

$4,200

Travelers

$2,274

$4,059

Nationwide

$2,281

$3,140

Nationwide

$2,305

$2,976

Nationwide

$2,309

$3,100

GEICO

$2,330

$3,809

Travelers

$2,336

$3,794

Nationwide

$2,411

$3,586

Nationwide

$2,464

$3,308

Nationwide

$2,516

$4,693

State Farm

$2,531

$2,869

Nationwide

$2,548

$4,111

GEICO

$2,556

$4,179

Travelers

$2,621

$4,683

State Farm

$2,621

$2,971

GEICO

$2,672

$4,930

State Farm

$2,673

$2,946

Travelers

$2,706

$4,831

Travelers

$2,715

$5,649

State Farm

$2,730

$3,405

GEICO

$2,750

$5,235

GEICO

$2,758

$5,433

State Farm

$2,766

$3,135

GEICO

$2,787

$4,557

Nationwide

$2,789

$5,860

Nationwide

$2,825

$4,998

Nationwide

$2,892

$8,045

Nationwide

$2,892

$8,045

Nationwide

$2,892

$8,045

State Farm

$2,896

$3,697

State Farm

$2,942

$3,242

Allstate

$2,998

$4,526

Allstate

$3,013

$6,543

Allstate

$3,051

$6,837

State Farm

$3,059

$3,831

Allstate

$3,099

$4,576

State Farm

$3,145

$3,465

Travelers

$3,146

$7,138

State Farm

$3,191

$4,074

Travelers

$3,204

$5,726

Allstate

$3,209

$16,193

Travelers

$3,223

$6,869

State Farm

$3,224

$4,575

Nationwide

$3,257

$10,073

Nationwide

$3,257

$10,073

Nationwide

$3,257

$10,073

GEICO

$3,401

$7,435

GEICO

$3,435

$7,714

State Farm

$3,441

$4,272

Allstate

$3,491

$5,270

GEICO

$3,549

$6,757

Allstate

$3,597

$19,317

Allstate

$3,600

$6,336

GEICO

$3,632

$7,155

Allstate

$3,635

$5,367

Allstate

$3,646

$5,860

Allstate

$3,715

$5,609

Farmers

$3,782

$3,587

State Farm

$3,813

$5,158

GEICO

$3,826

$8,211

Farmers

$3,852

$3,734

GEICO

$3,859

$7,878

Travelers

$3,865

$8,850

Allstate

$3,881

$5,730

State Farm

$3,919

$4,866

State Farm

$3,939

$5,534

Allstate

$3,943

$10,553

Allstate

$3,955

$8,588

Farmers

$3,965

$3,149

Travelers

$3,977

$9,025

GEICO

$4,000

$8,167

GEICO

$4,001

$8,464

Farmers

$4,043

$3,327

GEICO

$4,050

$9,147

GEICO

$4,062

$8,718

Allstate

$4,073

$10,557

Farmers

$4,075

$3,353

Farmers

$4,105

$3,451

Farmers

$4,108

$3,380

Farmers

$4,133

$3,283

Progressive

$4,145

$3,970

Travelers

$4,169

$12,221

Farmers

$4,214

$3,553

State Farm

$4,271

$5,777

Farmers

$4,286

$3,405

State Farm

$4,306

$6,539

Allstate

$4,457

$9,987

State Farm

$4,599

$6,349

Farmers

$4,619

$10,327

Farmers

$4,700

$10,987

Allstate

$4,700

$29,695

Progressive

$4,787

$4,584

Allstate

$4,895

$31,006

Farmers

$4,943

$5,450

Travelers

$4,972

$11,385

Farmers

$4,974

$11,628

Allstate

$5,005

$25,256

Farmers

$5,007

$11,194

Progressive

$5,045

$5,781

Progressive

$5,066

$6,453

Progressive

$5,086

$4,230

Progressive

$5,118

$6,220

State Farm

$5,173

$7,141

Progressive

$5,210

$4,989

State Farm

$5,221

$8,132

Travelers

$5,238

$15,745

Farmers

$5,272

$5,800

Allstate

$5,314

$28,543

Farmers

$5,355

$5,190

Farmers

$5,413

$15,347

Progressive

$5,470

$10,736

Progressive

$5,475

$11,383

Farmers

$5,488

$15,291

Progressive

$5,549

$7,070

Progressive

$5,643

$4,693

Progressive

$5,655

$6,873

Progressive

$5,676

$8,170

Progressive

$5,698

$7,682

Farmers

$5,919

$5,614

Progressive

$5,964

$5,923

Progressive

$6,005

$4,994

Progressive

$6,120

$13,668

Progressive

$6,216

$13,218

Progressive

$6,310

$13,119

Progressive

$6,444

$12,648

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.

Cheapest Car Insurance in Palm Bay for Military Drivers

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.

Company
Annual Premium
Monthly Premium

GEICO

$380

$32

GEICO

$409

$34

State Farm

$478

$40

State Farm

$512

$43

GEICO

$541

$45

Nationwide

$570

$48

State Farm

$588

$49

Travelers

$588

$49

Nationwide

$599

$50

Travelers

$613

$51

Travelers

$662

$55

Nationwide

$686

$57

Mercury

$757

$63

Mercury

$800

$67

Farmers

$831

$69

Farmers

$881

$73

Allstate

$900

$75

Allstate

$915

$76

Allstate

$923

$77

State Farm

$938

$78

Farmers

$986

$82

State Farm

$1,018

$85

GEICO

$1,023

$85

Mercury

$1,027

$86

Direct General Insurance

$1,073

$89

GEICO

$1,102

$92

Direct General Insurance

$1,103

$92

Progressive

$1,122

$94

Progressive

$1,136

$95

Nationwide

$1,140

$95

State Farm

$1,212

$101

Nationwide

$1,217

$101

Travelers

$1,238

$103

Progressive

$1,267

$106

Travelers

$1,295

$108

Direct General Insurance

$1,337

$111

Nationwide

$1,431

$119

Travelers

$1,467

$122

GEICO

$1,548

$129

Mercury

$1,560

$130

Mercury

$1,658

$138

Farmers

$1,682

$140

Farmers

$1,844

$154

Progressive

$1,874

$156

Progressive

$1,908

$159

Allstate

$1,967

$164

Allstate

$1,976

$165

Allstate

$2,049

$171

Direct General Insurance

$2,091

$174

Direct General Insurance

$2,101

$175

Farmers

$2,112

$176

Progressive

$2,239

$187

Mercury

$2,249

$187

Direct General Insurance

$2,717

$226

How to Compare Cheap Palm Bay Car Insurance Quotes Online

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.

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USAA

Best Car Insurance in Palm Bay: Summary

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.

Best Overall Car Insurance in Palm Bay

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.

How was this MoneyGeek score calculated?

State Farm

pros

Cheapest company in Palm Bay for full coverage

Excellent customer service

Offers roadside assistance

cons

Below-average claims management

Very few options for add-on coverages

COMPANY HIGHLIGHTS

Our pick for the best car insurance company in Palm Bay is State Farm because of its affordable rates and quality service. Although it has limited options for optional coverages, they are valuable for different types of drivers.

With State Farm, you can supplement your auto insurance policy with roadside assistance or rental car and/or travel reimbursement. Roadside assistance covers the cost of labor services if you are stranded on the side of the road due to unexpected car issues. Covered services include tire changes, mechanical or locksmith labor for up to one hour, towing and the delivery of gas, a battery or oil.

Rental car and/or travel reimbursement covers car rental expenses up to your chosen limits and travel expenses — including meals and lodging — up to $500.

Read MoneyGeek's State Farm Auto Insurance Review

Best Car Insurance in Palm Bay for Customer Service

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.

How was this MoneyGeek score calculated?

Travelers

pros

Above-average customer satisfaction

Broad range of add-on coverage options

Offers new car replacement coverage

cons

No deductible modification coverage

COMPANY HIGHLIGHTS

Based on J.D. Power’s customer satisfaction study and the National Association of Insurance Commissioners (NAIC) customer complaint index, Travelers provides excellent customer service, making it our winner for the best car insurance company in Palm Bay for customer service. Although it doesn’t have unique add-on coverages, the ones it offers are essential for any kind of driver.

Among its selection of basic coverages, you can purchase new car replacement or accident forgiveness. Travelers’ new car replacement coverage pays to replace your car with a brand-new one of the same make and model if you totaled it in the first five years of ownership, while its accident forgiveness coverage helps prevent premium increases due to an accident. Travelers also has gap insurance, roadside assistance and rental car and/or travel reimbursement coverages.

Read MoneyGeek's Travelers Auto Insurance Review

Best Cheap Car Insurance in Palm Bay

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.

How was this MoneyGeek score calculated?

GEICO

pros

Most affordable minimum coverage policy ($409 per year)

Ranks #2 for customer satisfaction

Has bundling, defensive driving and new vehicle discounts

cons

No paperless or pay-in-full discounts

Ranks #6 out of nine insurers for claims management

COMPANY HIGHLIGHTS

Because GEICO provides affordable rates and excellent service to customers, we selected it as the best option in Palm Bay for minimum coverage. An average policy costs $409 per year, cheaper than all competitors. Plus, you can earn discounts to make your policy even more affordable.

GEICO’s discounts range from common to unique. Examples of its common discounts include those for bundling home and auto insurance, insuring multiple cars, safe driving, airbags and anti-theft systems.

GEICO also offers some rare discounts. For instance, it has specific discounts for teachers, federal employees and senior drivers. In addition, GEICO provides discounts for cars with daytime running lights and frequently used seatbelts, two opportunities for savings that most competitors don’t offer.

Read MoneyGeek's GEICO Auto Insurance Review

Average Cost of Car Insurance in Palm Bay

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.

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.

Mark earned a master’s degree in Economics and International Relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.