Cheapest car insurance companies in Palm City 

After an in-depth analysis, Insurance.com found that State Farm and Nationwide are the cheapest car insurance companies in Palm City for 2023. 

State Farm has the cheapest car insurance rates in Palm City at an average cost of $1,858 per year.

Car insurance costs may vary in Palm City based on your location, driving record, coverage level and the insurance company you choose. Increase your chances of getting the best deal by comparing car insurance quotes from multiple carriers. The following companies are known to offer the cheapest auto insurance rates in Palm City.

CompaniesAverage annual rates
State Farm$1,858
Nationwide$2,030
Travelers$2,276
Geico$2,280
United Automobile Insurance$2,491
National General Insurance$2,900
Farmers$3,135
Progressive$3,272
Mercury Insurance$3,511
Allstate$3,710
Data refreshed as of May 2024
Read our full methodology

Cheapest car insurance cost in Palm City by Age Group 

State Farm is the cheapest option for car insurance in Palm City for teen drivers, with average annual premiums at just $4,757 annually. Teenagers face high insurance costs due to inexperience and higher accident rates.

Teenagers can lower their insurance costs by strategically utilizing the good student discount or remaining listed as a driver on their parent's policy.

Nationwide provides the cheapest car insurance coverage for young drivers in Palm City, with an annual premium of $2,743 on average.

Drivers in Palm City stepping into their 30s can expect a substantial drop in car insurance costs compared to their younger counterparts. State Farm has the cheapest car insurance rates for a full coverage policy for adult drivers, averaging $1,860 a year

State Farm is the cheapest option for senior drivers in Palm City, with an average premium of $1,815 a year, significantly lower than most competitors, based on Insurance.com's in-depth data analysis. 

CompanyTeensYoung AdultsAdultsSeniors
Mercury InsuranceN/A$5,643$3,714$3,562
State Farm$4,757$2,910$1,860$1,815
United Automobile Insurance$6,044$3,487$2,516$2,422
Geico$6,123$3,801$2,320$2,079
Nationwide$6,214$2,743$1,990$2,054
National General Insurance$6,299$4,144$2,984$2,974
Travelers$7,629$3,492$2,295$2,295
Progressive$8,280$4,662$3,184$3,244
Allstate$8,956$5,743$3,654$3,708
Farmers$14,872$5,354$3,164$3,239
Data refreshed as of May 2024
Read our full methodology

Cheapest car insurance companies in Palm City by driver profile 

Driver profile is one of the many factors that insurers take into account to determine car insurance premiums in Palm City. Drivers with a history of accidents or traffic citations on their record can expect significantly higher costs than those with a clean driving record.

Finding the cheapest car insurance in Palm City requires comparing quotes from multiple companies. This way, you can get the best coverage for your budget. Don't settle for the first offer; explore options for the most affordable fit. 

Here's a list of car insurance companies that offer cheap insurance rates in Palm City based on driver profile. 

State Farm is the cheapest car insurance option for drivers with poor credit. Its average annual auto insurance cost for Palm City drivers is $2,753

Know which car insurance companies offer affordable car insurance for drivers with poor credit scores in Palm City.

CompanyAverage annual rates
State Farm$2,753
Geico$2,921
Nationwide$3,162
Travelers$4,283
Allstate$4,989
Farmers$5,228
Progressive$5,413
Data refreshed as of May 2024
Read our full methodology

State Farm offers the cheapest auto insurance rates for drivers with a speeding ticket in Palm City. It offers full coverage car insurance for drivers aged 30 at about $1,677 per year

Finding the cheapest car insurance isn't a one-size-fits-all scenario. What may be the most cost-effective option for you might not be the same for someone else. That's why you should compare car insurance quotes from multiple carriers.

CompanyAverage annual premium
State Farm$1,677
Geico$2,620
Allstate$2,797
Nationwide$3,068
Travelers$3,092
Farmers$4,219
Progressive$4,662
Data refreshed as of May 2024
Read our full methodology

If you've had an accident, State Farm might be your best bet for affordable auto insurance.

For Palm City drivers with an at-fault accident, State Farm offers the cheapest average annual rate at $1,783. It's a great option if you're looking for affordable coverage that won't break the bank.

After an accident, your insurance rates are likely to go up. Finding a provider with competitive rates can help you minimize the financial impact.

CompanyAverage annual rates
State Farm$1,783
Geico$2,414
Nationwide$3,067
Travelers$3,082
Allstate$4,493
Farmers$5,134
Progressive$5,559
Data refreshed as of May 2024
Read our full methodology

State Farm is the cheapest option for Palm City drivers seeking affordable auto insurance rates after a DUI conviction, at an annual rate of $1,677, on average.

Drivers convicted of a DUI offense face substantial increases in their car insurance rates. To get affordable premiums, you should compare quotes from different insurance carriers.

CompanyAverage annual rates
State Farm$1,677
Geico$3,728
Farmers$3,923
Travelers$3,973
Allstate$4,139
Progressive$4,574
Nationwide$5,029
Data refreshed as of May 2024
Read our full methodology

Average car insurance cost in Palm City 

The average car insurance rate in Palm City for full coverage is $2,706 per year or $226 a month. These rates are for coverage levels of 100/300/100. Whereas the average rate for state minimum coverage in Palm City is $960 per year. 

You pay more for full coverage insurance than the state minimum, but it covers damage to your car besides providing coverage for other driver's vehicle. To lower your premium, consider comparing quotes from different companies. 

Average annual RatesState minimum average
$2,706$960
Data refreshed as of May 2024
Read our full methodology

Methodology

Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:

  • 40-year-old male driver
  • Honda Accord LX
  • 12-mile daily commute, 10,000 annual miles
  • Good credit
  • Clean record

While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.

Rates are based on coverage limits of:

  • $100,000 bodily injury per person
  • $300,000 bodily injury per accident
  • $100,000 property damage per accident
  • $500 comprehensive and collision deductible

Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.