Panama City Insurance Rates:

Panama City, FL homeowners insurance is about $986 to $1,338, about $82-$111/month. Our thorough guide indicates shoppers can save as much as $464 by comparing different quotes. Enter your zipcode below and click “GO” to get multiple free quotes.

Compare Quotes from Top Providers and Save now!

Save on Panama City, FL, Home Insurance Using These Discounts

In‌‌ ‌‌Panama City,‌‌ Florida,‌‌ ‌‌homeowners‌‌ ‌‌pay‌‌ ‌‌an‌‌ ‌‌average‌‌ ‌‌home‌‌ ‌‌insurance‌‌ ‌‌rate‌‌ ‌‌of‌‌ ‌‌$1,433.‌‌ ‌‌‌Panama City‌‌ ‌‌homeowners‌‌ ‌‌can‌‌ ‌‌use‌‌ ‌‌the‌‌ ‌‌discounts‌‌ ‌‌offered‌‌ ‌‌by‌‌ ‌‌home‌‌ ‌‌insurance‌‌ ‌‌companies‌‌ ‌‌to‌‌ ‌‌‌reduce‌‌ ‌‌their‌‌ ‌‌home‌‌ ‌‌insurance‌‌ ‌‌rates.‌‌ ‌‌Below‌‌ ‌‌is‌‌ ‌‌a‌‌ ‌‌list‌‌ ‌‌of‌‌ ‌‌the‌‌ ‌‌discounts‌‌ ‌‌provided‌‌ ‌‌to‌‌ ‌‌Panama City‌‌ ‌‌homeowners‌‌ ‌‌that‌‌ ‌‌they‌‌ ‌‌can‌‌ ‌‌take‌‌ ‌‌advantage‌‌ ‌‌of‌‌ ‌‌to‌‌ ‌‌save‌‌ ‌‌on‌‌ ‌‌home‌‌ ‌‌insurance.‌‌


Newly constructed Panama City homes can avail of discounts of up to $287 on homeowners insurance. New homes have a low propensity to damage. As a result, home insurance companies offer substantial discounts to newly built homes. In contrast, older homes attract higher insurance rates. Panama City homes older than 40 and 50 years receive an additional charge of $37 and $69, respectively, on home insurance.

Home insurance companies consider the lifestyle of homeowners to determine insurance rates. If all the household residents are non-smokers, insurance companies offer special discounts on home insurance rates. Panama City homeowners who own a swimming pool can attract an additional insurance cost of up to $86. Installing a fence around the pool with self-latching and self-closing gates will help homeowners receive discounts from home insurance companies. Additionally, senior citizens in Panama City also receive discounts on home insurance.

Although most of the factors to avail discounts are not under the purview of homeowners, they can still benefit by choosing deductibles to reduce home insurance rates. Homeowners can avail of attractive discounts by opting for higher deductibles. Panama City homeowners opting for a high deductible of $2,500 can avail of a discount of $404 on homeowners insurance. Homeowners receive discounts of $338 and $227, respectively, on deductibles of $2,000 and $1,500.

Home insurance companies provide discounts to homeowners who have a claims-free history. On the other hand, homeowners with prior claims can attract an additional charge on their home insurance premiums. The cost of home insurance in Panama City increases by up to 44% based on the nature and number of claims. Panama City homeowners who have a history of two fire claims and two water claims attract an additional charge of $601 and $472, respectively.

Panama City, FL Homeowners Insurance By Home Value

Panama City, FL Home Value Total Homes % of Total Average Panama City, FL Homeowners Insurance
Less than $50,000 2,000 9.0% $185
$50,000 to $59,999 523 2.0% $394
$60,000 to $69,999 605 2.0% $487
$70,000 to $79,999 700 3.0% $568
$80,000 to $89,999 1,516 7.0% $638
$90,000 to $99,999 840 3.0% $719
$100,000 to $124,999 2,731 12.0% $835
$125,000 to $149,999 1,963 9.0% $1044
$150,000 to $174,999 2,908 13.0% $1242
$175,000 to $199,999 1,809 8.0% $1428
$200,000 to $249,999 2,466 11.0% $1718
$250,000 to $299,999 1,713 8.0% $2101
$300,000 to $399,999 1,412 6.0% $2670

Top Home Insurance Agents Near Panama City, FL

Home Insurance Company Near Panama City, FL Homeowners Insurance Agency Near Panama City, FL Address
Allstate Chuck Bond 621 N Tyndall Pkwy, Panama City, FL, 32404
Allstate Dr. Manuel (Manny) Garcia 1069 Main St, Chipley, FL, 32428
Travelers Hannon Insurance Agency 221 Reid Ave Port St. Joe, Port St Joe, FL, 32456
Allstate Harry Denton Grizzle Ii 2104 W 23rd St, Panama City, FL, 32405
Travelers Vickery-Obrien Insurance Inc 17555 MAIN ST N, BLOUNTSTOWN, FL, 32424

Panama City, FL Home Insurance Agents for Top Companies

Cost Of Homeowners Insurance By Street Near Panama City, FL

Streets in Panama City Area Homeowners Insurance Cost
Rainforest Rd, Kevin Cir, Mercedes Ave, Boat Race Rd, Moody Dr, Glory Rd, High Ave, E 16th Ct, 2nd Ct, Bluebell Dr$1,185
Plantation Cir, Massalina Dr, Lauren Ln, Elm Ave, N Palo Alto Ave, Ferris St, Spring Ave, W Baker Ct W, Marin Dr, Park Blvd$1,126
Maxwell Ct, N Lakewood Dr, Pine Ridge Dr, W 31st Ct W, Colorado St, 24th Plz, 20th St, Hwy 390 E, Winona St, 22nd Ct$1,148
Mc Call Dr, Meadow St, Alma Ave, Kilbourn Ave, Wilson Ave, Oak Tree Ct, Leslie Ln, Natalie Ct, E H C McCray Jr Dr, W Park St$1,134
N Star Ave, Twin Pines Ln, Heather Marie Ln, Swan Rd, 21st St, Pine St, Forest Ave, Lanelle Dr, Breeze Ct, Christel Ave$1,178
Lance St, Callaway Chase Ln, State Hwy 729, Clemson Dr, N Palo Alto Ave, 6th Ct, Bay Ct, Lapaloma Ter, Harris Ave, Lombardy Ave$1,120
Katherine Ave, Pembroke Dr, Garden Cove Rd, W 21st Ct, Orlando Rd, E 40th Ct, W 22nd St, Mercedes Ave, Harmon Ave, Riverside Dr$1,174
S Berthe Ave, Allen Ave, Pearcy Rd, Carrie Ln, Oak Hammock Dr, Ross Dr, Wood Ave, Cove Pointe Dr, W 34th Pl, 11th Ct$1,170
W Oak Ave, W 28th Pl, Yale Ave, Bylsma Cir, N Kirkwell Ave, Fortune Ave, Seamens Ln, Candlewick Dr, Whitehead Blvd, Spring Ave$1,173
Avery St, E 24th St, E 15th Ct, Charco Dr, Hillsboro Ave, Boat Race Rd, E Ave, W 4th St, Island View Dr, W 22nd Pl$1,136

Panama City, FL Home Insurance Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Panama City$174 to $176
Cedar Grove$168

Panama City, FL Auto & Homeowners Insurance Bundling Discounts

Place 1 Car Bundle Savings On Insurance 2 Car Bundle Savings On Insurance 3 Car Bundle Savings On Insurance
Callaway city, Florida $145 $193 $289
Parker city, Florida $145 $193 $289
Springfield city, Florida $143 $190 $285

Panama City, FL Area Home Insurance as a % of Housing Cost

PlaceHome insurance as a % of housing cost for homes with mortgageHome insurance as a % of housing cost for homes without mortgage
Panama City, FL7.1%24.6%

Panama City Renters Insurance as a Percentage of Rent

Panama City Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$200 to $299 294 2.0% $789
$300 to $499 807 6.0% $1239
$500 to $749 2,912 22.0% $1914
$750 to $999 4,376 34.0% $2664
$1,000 to $1,499 3,670 28.0% $3789
$1,500 or more 664 5.0% $5439

Average Cost Of Home Insurance By Company In Areas Nearby Panama City For Different Scenarios

Home value ($) Age of home (years) Wind mitigation Company Average homeowners insurance premium ($)
150,000 27 NO Auto Club Insurance $2,898
150,000 27 NO St. Johns Insurance $4,786
150,000 27 NO Stillwater Property And Casualty Insurance $2,233
150,000 27 NO Tower Hill Prime Insurance $2,462
150,000 27 NO Tower Hill Select Insurance $2,603
150,000 27 NO Tower Hill Signature Insurance $2,669
150,000 27 YES First Community Insurance $1,666
150,000 27 YES First Protective Insurance $838
150,000 27 YES Florida Family Insurance $1,683
150,000 27 YES Liberty Mutual Fire Insurance $2,552
150,000 27 YES State Farm Florida Insurance $1,689
150,000 27 YES Tower Hill Signature Insurance $1,698
300,000 12 NA Asi Preferred Insurance $1,989
300,000 12 NA Auto Club Insurance $2,433
300,000 12 NA Federated National Insurance $2,063
300,000 12 NA Liberty Mutual Fire Insurance $4,995
300,000 12 NA Stillwater Property And Casualty Insurance $1,702
300,000 12 NA Tower Hill Preferred Insurance $2,361
300,000 12 NA Tower Hill Signature Insurance $2,519

Panama City, FL Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Yearly Panama City Homeowner Insurance Premium Example $2,200$1,800
Out of Pocket Expense During Claim$1,700$3,700
Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim $17,100$16,300
Net Savings to Panama City Home Owner from High Deductible Plan $800

Panama City, FL Home Insurance Costs With Home Replacement Value Scenarios

Scenario Panama City, FL Home Replacement Value MORE than Home Value Panama City, FL Home Replacement Value LESS than Home Value
Replacement Value $189,500 $131,000
Insurance Premium based on Replacement Value $3,650 $2,525
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $32,500 Risk Exposure from Under Insuring Coverage is $26,000
Premium Impact Insurance cheaper by $500/year Insurance costlier by $625/year

Example Panama City Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company Chubb Group of InsuranceTravelersState Farm
Monthly Premium 314360417
Year Built 200920111961
Home Details 3 Beds, 2 Baths4 Beds, 1 Baths5 Beds, 2 Baths
Coverage Amount $250000-$300000$200000-$250000$300000-$350000
Deductible $2500-$5000 Deductible$500 Deductible$2500-$5000 Deductible

Sample Home Insurance Rates for Panama City, FL from Consumer Reviews & Surveys

Year Built Home Value Roof Type Sqft Number of Bedrooms Deductible Premium Premium Months Siding Type Smoker/Non Smoker
1981 180,000 Asphalt Shingles Roof 2,180 3 $500- $1000 Deductible 3300 10 Stone Siding yes
2002 230,000 Composition Roof 2,270 3 $500 Deductible 670 2 Stone Siding yes
2012 215,000 Wood Shake Roof 2,360 3 > $10,000 Deductible 670 3 Wood siding No
2010 185,000 Metal Roof 1,730 4 $1000-$2500 Deductible 1730 7 Brick siding yes
2004 280,000 Membrane Roof 2,560 4 $2500-$5000 Deductible 2510 9 Stucco siding yes
1964 295,000 Shingles Roof 3,180 4 $500- $1000 Deductible 1730 6 Stone Siding yes
1966 530,000 Slate Shingles Roof 4,920 5 > $10,000 Deductible 2440 4 Brick siding yes
1964 170,000 Tile Roof 2,120 5 $500- $1000 Deductible 1400 6 Fiber-Cement Siding No
2014 300,000 Composition Roof 3,380 4 > $10,000 Deductible 1030 5 Vinyl siding yes
2011 255,000 Slate Shingles Roof 2,390 3 $1000-$2500 Deductible 810 2 Brick siding yes
2011 280,000 Membrane Roof 3,050 4 $5000 to $10,000 Deductible 350 1 Vinyl siding No
2007 220,000 Wood Shake Roof 2,390 3 > $10,000 Deductible 2300 12 Stone Siding yes
1990 335,000 Composition Roof 3,150 4 $500 Deductible 1190 2 Fiber-Cement Siding yes
1961 290,000 Asphalt Shingles Roof 3,170 4 $500- $1000 Deductible 2510 6 Stone Siding yes
2011 195,000 Wood Shake Roof 2,040 3 $5000 to $10,000 Deductible 1560 6 Vinyl siding No
1999 405,000 Asphalt Shingles Roof 4,180 5 $500- $1000 Deductible 6260 8 Stone Siding yes
1961 230,000 Slate Shingles Roof 3,010 4 $500- $1000 Deductible 2480 9 Stone Siding No
1989 415,000 Metal Roof 4,600 5 $500- $1000 Deductible 3740 5 Fiber-Cement Siding No
1998 230,000 Membrane Roof 2,550 5 $500- $1000 Deductible 4270 10 Stucco siding No
1985 235,000 Wood Shake Roof 3,100 4 $5000 to $10,000 Deductible 1280 5 Wood siding No
2008 195,000 Tile Roof 2,140 5 $500 Deductible 1090 5 Brick siding yes
1983 255,000 Shingles Roof 2,710 5 $2500-$5000 Deductible 2160 9 Wood siding No
1969 170,000 Wood Shake Roof 2,270 4 $500 Deductible 2820 10 Stucco siding No
1983 180,000 Membrane Roof 2,050 3 $5000 to $10,000 Deductible 1220 7 Vinyl siding yes
2001 190,000 Shingles Roof 2,310 4 $1000-$2500 Deductible 1340 6 Vinyl siding yes
2005 190,000 Metal Roof 2,140 3 $500 Deductible 2790 7 Vinyl siding No
1993 230,000 Membrane Roof 3,180 5 $500 Deductible 2110 7 Fiber-Cement Siding No
1991 340,000 Asphalt Shingles Roof 4,440 5 > $10,000 Deductible 790 3 Stone Siding No
1990 115,000 Metal Roof 1,510 5 $2500-$5000 Deductible 450 5 Brick siding No
2006 225,000 Shingles Roof 2,740 5 $500- $1000 Deductible 4670 12 Vinyl siding No
1994 130,000 Slate Shingles Roof 1,310 3 $2500-$5000 Deductible 470 3 Stone Siding yes
1992 240,000 Asphalt Shingles Roof 2,220 4 $1000-$2500 Deductible 3800 9 Brick siding No
2011 265,000 Shingles Roof 3,530 5 > $10,000 Deductible 1970 9 Stone Siding yes
1980 365,000 Tile Roof 4,070 5 $2500-$5000 Deductible 2560 5 Stucco siding yes

Latest Home Insurance Reviews

People's Trust Insurance
I would strongly recommend this company to others for the sake of its amazing offers.
I would recommend them based on their customer service alone. We were not happy with being threatened to be cut off, but that was probably 10 years ago and haven't had no issues since.
Assurant Specialty Property
4- Honestly, I think most insurance companies in the area cover the same things. I currently have both hazard AND floor insurance and from reviewing my documents i think i have pretty good coverage.
State Farm
I would rate State Farm a 4 on the scale. I typically have good customer service from my local agent. If I have to deal with the corporate office the rating goes down.,
I've set the deductibles fairly high - as much as I can handle - in order to keep premiums low. I make enough to have a sizable emergency fund in the bank. so this works out well.
Farmer's Insurance
I have a $500 deductible for my insurance policy. I think that's pretty average across the board for different companies but I couldn't say for sure. The damages that happened at my home has been so expensive that I found the $500 to be completely Fair.
USAA rates were extremely low compared to other insurance companies. Other insurance companies were trying to get me to pay double what I pay now. I'm completely satisfied.
I have nothing bad to say about the insurance company, we were able to get a nice car because our rate was very low.
State Farm
Their customer service, while available 24/7, is awful. they respond with automated messages and keep me on hold for forever.
Liberty Mutual
My home insurance covers very little and i was forced into paying for it as it decreased my mortgage rates.
State Farm
I like the good coverage that we get. I also like the ease of paying since it is escrowed for us but we still receive all our papers with information about any price change yearly and coverage options. I don't like that the website doesn't really have anything other than the basics. I can download a copy of our coverage and know what we pay or file a claim but I wish I could inquire better about additional discounts or live chat with someone about questions I may have.
State Farm
It was really very fast, the agent came out within a couple of days. The longest part of the process was getting estimates and complete the work.
I think our premium is in the normal range. Possibly a little on the high side but we are paying such a low monthly payment we are happy with our premium.
Tower Hill Insurance
The premium and deductible are pretty reasonable and comparable to others home insurance. And it is much better than the high risk insurance.
I would recommended this company to others. they tried to find a plan that fits me most. It doesn't cost me too much money, but I know that I wouldn't go bankrupt if something happened.
While I know that I may be able to find a cheaper insurance I also know that the coverage will not be nearly as good. I think the prices are still pretty competitive.

How To Make Your Panama City, FL Home Insurance Cheaper

How Much Does Panama City, FL Home Insurance Cost?