Palm Bay Car Insurance

The Zebra
May 30, 2018

Car Insurance in Palm Bay

It is known that Palm Bay has economical premiums, as its mean premium falls below Florida's average by $190. Why don't we take a look at how to save on car insurance in Palm Bay?

  • City Average: $1,688
  • State Average: $1,878
  • National Average: $1,427

Palm Bay Car Insurance by Accident or Violation History

Do you have an accident or violation history? That can influence your car insurance premiums. A DUI will increase your car insurance premiums more than other driving violations. Usually, a DUI in Palm Bay will cost you 51% more in car insurance premiums versus the city average ($1,688). Reckless driving will push your premiums up as well, with average rates of $2,526. That is 50% higher than the city average. Nobody plans on being in an accident, but stuff happens, so be aware of the effect one can have on your rates. If you are found at-fault in an accident in Palm Bay, expect your yearly car insurance premiums to increase by 38%.

  • DUI: $2,553
  • Reckless Driving: $2,526
  • At-fault Accident (damages less than $1000): $2,323
  • At-fault Accident (damages greater than $2000): $2,323
  • Speeding Ticket (16-20 mph over speed limit): $2,173

Palm Bay Car Insurance by Gender and Marital Status

There are a lot of factors, including marital status and gender, that can come into play when determining car insurance premiums in Palm Bay. Rates for those who are widowed are somewhat cheaper than rates for those who are single. You spend close to 5% more per year if you're single as opposed to married. 2% is the amount by which men's and women's car insurance premiums deviate.

  • Female: $1,726
  • Male: $1,688
  • Single: $1,688
  • Married: $1,615
  • Divorced: $1,688
  • Widowed: $1,651

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Palm Bay Car Insurance by Age

In Palm Bay, when drivers hit their 20s, therefore moving out of the teenage age range, they reduce their premiums by 54%. It is the largest gap between any age group. In Palm Bay, turning 60 means an increase in car insurance premiums. Up until then, moving between age groups means decreasing prices. When looking across all age groups, drivers in their 50s tend to have the smallest rates. Their rates usually average $1,542/year. People in their 60s ($1,574) also have relatively low premiums. With rates of $4,760 on average, teenage drivers are the ones who pay the most in car insurance premiums.

  • Teenagers: $4,760
  • 20s: $2,212
  • 30s: $1,680
  • 40s: $1,647
  • 50s: $1,542
  • 60s: $1,574
  • 70s: $1,914

Palm Bay Car Insurance by Credit Rating

Improving your credit can save you a good sum of money. Those in the bottom credit tier (300-579) pay an average of more than twice as much for car insurance than those in the top credit tier (800-850). In terms of percent change, the most notable benefit of better credit comes from improving from Fair (580-669) to Good (670-739), by which drivers can save around 19% per year.

  • Very Poor: $3,240
  • Fair: $2,648
  • Good: $2,157
  • Very Good: $1,768
  • Exceptional: $1,479