Palm Bay, FL Car Insurance

On average, Palm Bay drivers pay a monthly average rate of around $96 for their car insurance. To learn more about policy rates and coverage in the Palm Bay area, continue reading our guide below.
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How does Palm Bay compare to the surrounding area and the rest of Florida? What can Palm Bay residents expect to pay for their car insurance? You can find average cost breakdowns based on a wide array of factors in the charts and writeups below:

How much is car insurance in Palm Bay?

Area Average Monthly Car Insurance Premium
Palm Bay$96
FL$123
United States$81

Auto insurance coverage in Palm Bay is about $27 cheaper than it is in the rest of Florida.

On the other hand, Palm Bay residents will likely pay higher rates for their insurance policy than the rest of the country. It's about $15 more expensive than the national average to insure your vehicle in Palm Bay.

While these numbers are the average rates for auto insurance in Palm Bay, that doesn't mean it's what you'll pay. There are numerous factors taken into consideration by insurance companies when deciding the rate you'll pay for coverage. Variables like age, gender, vehicle make and model, driving record, and even credit score (depending on your area) can all be taken into consideration when determining your monthly payment amount.

We've done the heavy lifting for you and broken down the average rate for Palm Bay so that you can get a more accurate idea of what your policy will cost you. And if you're not sure if you're getting the cheapest rate for your area, simply enter your ZIP Code below and find out!


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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18$242
18-24$127
25-34$95
35-44$102
45-54Not Enough Data
55-64$81
65+$73

Generally speaking, the older you are, the more experience you have driving, right? That experience pays off when it comes to auto insurance. As you can see, 18-24-year-olds pay $54 more than someone who is retirement aged.

As you get older, you can expect to see a drop in your monthly premium every 10 years. That said, once you hit retirement age, your rates may climb back up in Palm Bay.

Average Car Insurance Rates by Gender

Gender Average
Male$92
Female$100

Despite the national trend of women paying less than men for insurance coverage, in Palm Bay men actually pay $92 per month for coverage while women pay $100.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$132
Multiple Accidents$101
1 Ticket$81
Multiple Tickets$161

Rates can vary wildly depending on your driving record. A clean driving record will get you a lower rate than one with even just a single accident or infraction. Drivers in Palm Bay with one accident will pay around $132 a month. Likewise, drivers with one ticket on their record will be looking at an average rate of around $81.

Wherever you live, accidents, tickets, and other driving infractions will almost certainly drive up your monthly bill. In order to keep your monthly bill down and get the cheapest car insurance possible, keep your record clean and drive safely.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$76
2-3 Years$125
4-5 Years$86
6-7 Years$97
8-10 Years$99
11-14 Years$99
15 Years or Older$92

According to the first table above, the cheapest vehicles to insure in Palm Bay are usually trucks and vans, at $87 per month.

SUV drivers will see rates of about $89 for auto insurance, while car owners by and large pay around $101 per month.

The age of your vehicle has an impact on the cost of your policy as well. Newer vehicles are generally going to be the most expensive to insure. However, once your car is close to 5 years old you may start to see your rates drop back down a bit. In Palm Bay, vehicles two-to -three years old are the most expensive to insure.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$100
Married$86
Divorced$95
Widowed$93

Generally, those who have settled down into marriage will pay slightly less to insure their car. This occurs because insurance companies commonly offer special discounts to policyholders with multiple vehicles that are on the same policy.

The difference in rates based on relationship status in Palm Bay is about $14 a month, with married couples paying less for coverage than single drivers.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$90
Rent$96
Live with parents$114

Your housing situation is another factor that affects your monthly rate. Renters can expect to pay around $6 a month more than homeowners in Palm Bay. Those who live with their parents, however, can expect to pay a lot more.

That said, if you bundle your homeowners or rental insurance policy with your auto insurance, many companies will offer you a discount to make up for it and reduce your overall costs.

Car Insurance Companies in Palm Bay, FL

Average rates are constantly changing, so it's a good idea to know the direction your area is trending when choosing when and where to shop.

The rates for car insurance in Palm Bay had been increasing from 2017-2018, but began to turn downward in 2021. This pattern has continued through 2022 when rates have most recently hit $61 a month.

How does Palm Bay compare to neighboring areas?

Why are car insurance rates in Palm Bay different from other areas?

When considering how much to charge for a monthly rate, car insurance companies will consider many factors. While we already mentioned the ones that affect your personal policy, others are influenced by where you park your car. These include things like:

  • Access to off-street parking
  • Rate of crime
  • Amount of drivers in the community
  • Community laws
  • Number of car accidents

While you won't have the ability to change these factors yourself, they can be handy to keep in mind when seeking a new policy or considering a move. Each area will have different rates. Guides like these are a wonderful place to get started.

How can I find the cheapest car insurance in Palm Bay?

Equipping yourself with information about the average costs for drivers in your area will better prepare you for the real deal. The only way to know for sure what your rate will be is by asking for a quote from car insurance companies.

But hold on! Compare.com has you covered. Put in your ZIP below, answer a few questions, and you'll be comparing the cheapest quotes from numerous car insurance companies providing plans in Palm Bay in no time.


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Palm Bay Insurance FAQs

What factors affect car insurance quotes in Palm Bay?

The factors that car insurance companies take into account when calculating your monthly cost include things you can't control like your gender and age, but also factors like your vehicle's year, make and model, as well as your driving record, credit score, marital status, and address.

Why is the cost of car insurance in Palm Bay different from other neighboring cities?

Things like local laws, crime rates, and parking situations, which are dependent on your address and area you live in, can significantly affect the cost of insurance relative to other cities.

Which car insurance company will offer me the cheapest rate in Palm Bay?

There isn't one company that will offer the cheapest rate to everybody. What companies will charge you are based on many different factors that vary from person to person, such as your driving record, what kind of car you drive, how many drivers will be on your policy, and a number of other factors. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once. That way, you can be confident you're getting the best price.

Do I need to change my insurance if I move to Palm Bay?

Whenever you move to a new area, or experience any other major life event such as getting married or finding a new job, it's always a good idea to re-evaluate your current insurance policy. Certain companies may offer larger discounts in certain cities, so it's a smart idea to use services like Compare.com to compare quotes from dozens of companies side-by-side.

Do I need to wait for my policy to expire to switch to a different car insurance company?

Not at all, in fact you can switch companies at any point, regardless of how much time is left on your current policy. If you're thinking about moving to Palm Bay or haven't checked out the latest rates in your area for some time, it might be worth your while to take 10 minutes and see if Compare.com can save you any cash.

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