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.
| Companies | Average 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 |
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.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| Mercury Insurance | N/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 |
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.
- Cheapest for a driver with poor credit: State Farm
- Cheapest for a driver with a speeding ticket: State Farm
- Cheapest for accident: State Farm
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: State Farm
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.
| Company | Average annual rates |
|---|---|
| State Farm | $2,753 |
| Geico | $2,921 |
| Nationwide | $3,162 |
| Travelers | $4,283 |
| Allstate | $4,989 |
| Farmers | $5,228 |
| Progressive | $5,413 |
Cheapest for drivers with a speeding ticket: State Farm
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.
| Company | Average annual premium |
|---|---|
| State Farm | $1,677 |
| Geico | $2,620 |
| Allstate | $2,797 |
| Nationwide | $3,068 |
| Travelers | $3,092 |
| Farmers | $4,219 |
| Progressive | $4,662 |
Cheapest auto insurance after an at-fault accident: State Farm
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.
| Company | Average annual rates |
|---|---|
| State Farm | $1,783 |
| Geico | $2,414 |
| Nationwide | $3,067 |
| Travelers | $3,082 |
| Allstate | $4,493 |
| Farmers | $5,134 |
| Progressive | $5,559 |
Cheapest auto insurance after a DUI: State Farm
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.
| Company | Average annual rates |
|---|---|
| State Farm | $1,677 |
| Geico | $3,728 |
| Farmers | $3,923 |
| Travelers | $3,973 |
| Allstate | $4,139 |
| Progressive | $4,574 |
| Nationwide | $5,029 |
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 Rates | State minimum average |
|---|---|
| $2,706 | $960 |
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.
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