How Much Does Car Insurance Cost in Palm Bay, FL?
Palm Bay car insurance averages about $299 per month for full coverage for our benchmark driver, based on the rates insurers had filed with state regulators as of Aug. 31, 2026. As Brevard County’s largest city and a growing hub on Florida’s Space Coast, Palm Bay drivers pay above the national average, but comparing quotes from multiple carriers using your exact ZIP code and driver profile can save you $100 or more per month.
Rates last verified and updated: July 2026.
See how rates compare across the state in our Florida car insurance rates guide.
How much should you expect to pay on average for car insurance in Palm Bay?
Average Palm Bay Car Insurance Rates:
- State Minimum Liability: You can expect to pay $117 a month or $1,403 a year.
- Full Coverage: You can expect to pay $299 a month or $3,587 a year.
InsuranceQuotes cost rates are pulled from our real-time auto insurance database from recent quotes in Palm Bay – Rates are based on a used car driver who is single, middle aged & has a clean driving record. Read on to learn about the cheapest local rates filtered by insurance providers, new cars, vehicle types and age.
Cost data comes from the auto rates insurers file with state regulators, priced across the 4 Palm Bay ZIP codes we price, compiled by Quadrant Information Services and updated as new rates are filed.
Cheapest Car Insurance Providers in Palm Bay?
- In Palm Bay, Travelers has the lowest average full-coverage rate, and GEICO has the lowest state-minimum rate in our rate data.
- The cheapest state minimum liability car insurance in Palm Bay averages about $70 a month ($837 a year) with GEICO.
- The cheapest full coverage car insurance for our benchmark driver in Palm Bay averages about $171 a month ($2,052 a year) with Travelers.
The table below shows Palm Bay averages by insurer for our benchmark driver (a single 40-year-old with good credit and a clean record), based on the rates insurers had filed with state regulators as of Aug. 31, 2026, across the 4 Palm Bay ZIP codes in our sample. It covers the 4 insurers in our Florida data; your price depends on your exact ZIP code and driving record.
Full-coverage averages by insurer in Palm Bay
Monthly, for the same driver and car.
Rates insurers filed with state regulators, compiled by Quadrant Information Services, as of Aug. 31, 2026. Benchmark 40-year-old driver, 100/300/100 with $500 deductibles.
| Insurance Provider: | Minimum Liability: | Monthly: | Full Coverage: | Monthly: |
|---|---|---|---|---|
| Travelers | $942 | $79 | $2,052 | $171 |
| GEICO | $837 | $70 | $2,627 | $219 |
| Allstate | $1,606 | $134 | $4,544 | $379 |
| Progressive | $2,226 | $186 | $5,125 | $427 |
Your ZIP code matters
How Palm Bay Car Insurance Compares With Nearby Florida Cities
Palm Bay averages about $299 a month for full coverage. Among the closest Florida cities we price, Sanford is the least expensive at $284 a month and West Palm Beach the priciest at $438.
Every Florida city we price is in the Florida city rates table, and you can compare states on our car insurance rates by state page.
How Much Car Insurance is Required in Florida?
In Florida, here is the amount of auto insurance coverage that is required by the state to operate a vehicle legally:
- Personal Injury Protection (PIP):
- $10,000 in PIP coverage is required.
- Property Damage Liability (PDL):
- $10,000 in PDL coverage is required.
Florida is a “no-fault” state, which means that drivers are required to carry PIP coverage to help pay for their own medical expenses and those of their passengers regardless of who is at fault in an accident.
The minimum coverage required in Florida (i.e., PIP and PDL) might not be sufficient to cover all expenses in the event of a severe accident. Additional coverage beyond the state’s minimum requirements may be advisable for better financial protection.
When purchasing car insurance in Florida, consider factors such as the value of your assets, your driving habits, potential risks, and your budget.
How to Save Money on Auto Insurance Policies
You can save money on your auto insurance by:
- Getting quotes from different companies and comparing prices.
- Taking a Defensive Driving Course to lower your rates.
- Asking about discounts for security features, such as anti-lock brakes, air bags, and passive restraint systems.
- Seeking companies that offer bundle discounts for home and auto insurance.
If you are older than 18 and you haven’t bought auto insurance before, you may have to pay higher rates. However, you can save money by asking about discounts that may be available to you. For inexperienced and younger drivers, these include discounts for good grades and driving safely.
One of the easiest discounts to get is a multi-policy discount. If you own a home, compare Florida home insurance rates while you shop for car insurance.
Ready to compare
How We Calculated Palm Bay Car Insurance Rates
Insurers must file their rates and rating rules with each state’s insurance regulator. Quadrant Information Services uses those filings to calculate what each insurer would charge a specific driver, and InsuranceQuotes analyzes those prices. This page uses rates in effect on Aug. 31, 2026.
- Sample: 32 modeled quotes (16 full coverage and 16 state minimum) from 4 insurers across the 4 Palm Bay ZIP codes.
- Driver: a single 40-year-old driver, licensed 24 years, with good credit and no accidents or violations, driving a 2024 Toyota Camry LE they own, for personal use.
- Coverage: full coverage is 100/300/100 liability with $500 comprehensive and collision deductibles. State minimum is the $10,000 personal injury protection (PIP) and $10,000 property damage liability Florida requires.
- Calculation: for each insurer we take its lowest eligible price in each ZIP code and average those prices across the ZIP codes. The overall average is the mean of every insurer-and-ZIP price. Monthly figures are annual premiums divided by 12 and rounded.
- Rankings: an insurer is ranked only where it has a price in at least half of the ZIP codes we sample. Prices within 3% of each other are called effectively tied, and when the lowest price is more than 30% below the next one we hold back the “cheapest” label until the figure is reviewed.
- What we leave out: prices that depend on something our driver doesn’t have (a telematics program, an anti-theft device or a membership) and insurers closed to new business in Florida.
- What this isn’t: a quote. These are modeled prices for one driver profile, calculated from insurers’ rate filings. Your price depends on your ZIP code, vehicle, driving history, credit and discounts.
Coverage requirements come from the Florida Department of Highway Safety and Motor Vehicles. We refresh these figures when new rate data is released.
The Palm Bay average for full coverage is about $299 a month, roughly $3,587 annually, against $117 a month for a bare state-minimum policy. The four carriers quoted on this page span a far wider band than that single average implies, from about $171 a month at Travelers on the low end to $427 at Progressive on the high end. The spread between the cheapest and most expensive full-coverage carrier here exceeds $240/month for the very same limits. A Palm Bay driver who lands the lowest-priced carrier rather than the citywide average keeps about $128 a month.
Palm Bay is Brevard County’s largest city, but it sprawls across roughly 88 square miles of low-density residential grid, which holds traffic density, theft frequency and claim severity below what carriers record in Broward or Miami-Dade. The $299 monthly full-coverage average reflects that geography directly. Palm Bay is also growing quickly, up more than 27% since the 2020 census, so insurers reprice these Space Coast ZIP codes often and a quote from two years ago is a poor guide to what you would pay today.
An FR-44 is the certificate of financial responsibility Florida requires after a DUI conviction, and it is considerably harsher than the SR-22 used by most states. It obliges you to carry at least $100,000 per person and $300,000 per accident in bodily injury liability plus $50,000 in property damage, which is five times the ordinary $10,000 property damage floor, and to hold those limits for three years. Your insurer files the certificate with the Florida DHSMV, and any lapse during the filing period triggers an immediate license suspension.
Travelers, at about $171 a month, is the cheapest full-coverage carrier in the table above. GEICO follows at $219, while Allstate and Progressive average $379 and $427. The order changes if you only need Florida’s statutory minimum, where GEICO’s $70 a month beats Travelers’ $79. Brevard County households with more than one vehicle should price all five, because no carrier on this list is cheapest at both coverage levels.
It does, though through comprehensive rather than liability. Palm Bay fronts the Indian River Lagoon on Florida’s Space Coast, and lagoon-side and canal-front streets carry genuine flood and wind-driven water exposure when tropical systems track through Brevard County. Comprehensive is the only part of an auto policy that pays for flood or storm damage to a vehicle, so dropping it to save money leaves a hurricane-season gap that no amount of PIP or liability coverage fills. Owners who keep a boat or trailer beside the car should confirm those are scheduled separately rather than assumed covered.
Begin with the carrier gap, because $256 a month separates the least and most expensive full-coverage quote on this page and that dwarfs almost every available discount. Then stack the credits Brevard County drivers most often overlook: telematics programs that reward the short, low-speed trips typical of Palm Bay’s residential streets, paid-in-full and paperless billing credits, and a completed defensive driving course. Because the city covers so many ZIP codes, quote your exact ZIP instead of relying on the citywide figure, since pricing inside the city limits differs meaningfully between the north end near Melbourne and the southwest sections.
