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32401 Home Insurance Rates & Premiums

Did you know there are over 20,487 people living within the 32401 zip code area? There are over 8,445 occupied dwellings which means many homeowners like you that are interested in lower premiums or better coverage options. At GetHomeInsuranceQuotes.com, we provide a free shopping services online or over the phone. Our process includes the following:

  1. We will shop up to 12 home insurance companies for free.
  2. We will apply all discounts and credits to help you save up to 40% or more.
  3. We will answer any questions that you may.
  4. We will review the best policy and coverage option in 32401.

Let us help you shop and compare rates today, just enter your zip code to get your free online home insurance quotes. Please give us a call now at 1-888-685-4704, and easily get up to 12 rates over the phone in minutes.

Average homeowners insurance premiums in Florida are on the rise. The estimated average premium is around $1,642 a year for a standard homeowners insurance policy in Panama City. You can find out more information about home insurance premiums, discounts and crime rate information by clicking your city below.

City: Panama City, FL Homeowners Insurance Quotes Online

32401 Home Insurance Average Premiums

Local 32401 homeowners insurance quotes comparison

$1392 /yr.

Shows Zip Code: 32401 lowest rates with discounts applied on average.

For the 32401, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:Annual Premium
1800 sq. ft. or below
(discounts applied)
$1392 /yr.
Average Coverage:$1642 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1942 /yr.

What is the average home insurance cost for a home in 32401?

  • • The average homeowners insurance premium paid annually for a home in 32401 is around $1642 per year.

What does it cost on average per month for home insurance in 32401?

  • • Homeowners in 32401 pay a monthly average cost per month around $137.00.

What kind of discount could I get if I combine my home and auto insurance together in 32401?

  • • Autoowners in 32401 can receive a 20% to 25% discount if they own a home and would like to group or bundle their car and home insurance together with one insurance company.

For shopping home insurance rates within the Panama City area, check out other zip codes nearby 32401.
Review average rates in another zip code:
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32409 homeowners insurance rates
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32404 homeowners insurance rates
32403 homeowners insurance rates

Home Replacement Cost Coverage in 32401

Average Building Cost Per Square Foot in 32401: $167

Location: Panama City, Florida (Bay County)

Average Square Footage in 32401: 912 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 32401 before you start any project. Panama City homeowners pay on average around $167 per square foot to build a home. Another great reason to know the average cost to build is for your homeowners insurance policy. A standard homeowners policy will help you cover the replacement cost of your home due a fire or any other named perils on your policy. Calculating your dwelling coverage for your home in 32401 is extremely helpful when estimating how much replacement cost coverage you need. We highly recommend that you have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Here is how you determine your replacement cost. If we take an average home in 32401 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 912 sq. ft. and the average cost to rebuild the home in this area is around $167 per square foot would be considered a base estimate cost. These two numbers would allow us to generate the replacement cost needed for an average size home in the Panama City area. If the home is new or has been upgraded, you will want to add $50 to $100 or more per square foot to equally cover the replacement cost to restore a home back to it's original condition.

Home Improvement StatusPrice per Sq. Ft.Square FeetDwelling Coverage
Basic Home Features$167912$152,300
Additional Upgrades & Added Features$209912$190,375
Major Home Updates or Advancements$251912$228,450

It's important to understand that when you estimate your replacement cost of your home in the 32401 zip code area, it will be the cost to replace the structure of your home, not the additional value of the property that is factored in when purchasing a new home.

Best Homeowners Insurance Agencies in 32401

Broward Hall Agency

Address: 455 Harrison Avenue Panama City, FL 32401
Phone: (850)769-4828
Website: www.browardhall.com

Best Home & Auto Insurance Agencies in 32401

A Insurance Corporation

Address: 14 W 11th St Panama City, FL 32401
Phone:
Website:
Info:

Allstate Insurance Companies - Sales Offices- Panama City

Address: 1700 W 11th St Panama City, FL 32401
Phone:
Website: http://www.allstate.com
Info: Allstate Car Insurance Quotes, Home Insurance, Financial Products and More
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A Action American Insurance

Address: 1330 Harrison Ave Panama City, FL 32401
Phone:
Website: http://www.aaiagency.com
Info:

Affordable Insurance Group of Bay County Inc

Address: 2102 W 11th St Panama City, FL 32401
Phone:
Website:
Info:

Housing Demographics for 32401

Population Review for 32401 Zip Code

For the city of Panama City, the population within 32401 has increased to over 23,952 residents in population size. The current population total is 20,487. We have broken down the population based on race below. In 32401, there are over 9975 in male population and 10512 females.

PopulationValues
Total Population20,487
White Population11911
Black Population5563
Hispanic Population1649
Asian Population372
Hawaiian Population16
Indian Population126
Other Population723
Male Population9975
Female Population10512
Population Estimate23952

Household Data for 32401

The average number of homes in 32401 is around 8,445, there are an average of 2.41 per household. The average house value according to local real estate values is around $152,300. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode8,445
Persons Per Household2.41
Average House Value$152,300
Income Per Household$41484
Median Age41.7
Median Age Male40.2
Median Age Female43.2
32401 DetailsValues
StateFL
State Full NameFlorida
City TypeP
City Alias Abbreviation
Area Code850/448
CityPanama City
City Alias NamePANAMA CITY
CountyBay
County FIPS005
State FIPS12
Time Zone6
Day Light SavingY
MSA6015
PMSA
CSA
CBSA37460
CBSA_DIV
CBSA_TypeMetro
CBSA_NamePanama City-Panama City Beach, FL
MSA_NamePanama City, FL MSA
PMSA_Name
RegionSouth
DivisionSouth Atlantic
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses815
Number Of Employees10371
Business First Quarter Payroll125625
Business Annual Payroll535368
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population168852
CBSA Division Population0
Congressional District02
Congressional LandArea8613.58
Delivery Residential9939
Delivery Business1181
Delivery Total11047
Preferred Last Line KeyY22659
Classification Code
Multi-County
CSA Name
CBSA_DIV_Name
City State KeyY22659
Land Area12.494000
Water Area17.619000
City Alias Code
City Mixed CasePanama City
City Alias Mixed CasePanama City
Box Count15
SFDU7380
MFDU932
State ANSI12
County ANSI005
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number117260
Unique ZIP Name
SSA State County Code10020
Medicare CBSA Code37460
Medicare CBSA NamePanama City, FL
Medicare CBSA TypeMetro
Market Rating Area ID3
County Mixed CaseBay

Florida Homeowners Insurance News & Information

  • Florida has 7 New Home Insurance Companies Entering the Market Posted on Friday 1st March, 2024

    Recently, Florida has seen seven new insurance companies enter the market for homeowners coverage. Currently, the average premium for homeowners coverage is $6,000 a year in the Sunshine state compared to a nationwide average of just $1,700 a year, according to the Insurance Information Institute.  The Insurance Information Institute is hopeful that the new insurance […]

  • What exactly is a FAIR Plan? Posted on Tuesday 2nd January, 2024

    If you live in an area where severe weather is common, or wildfires pop up every summer you may have trouble finding affordable home insurance coverage. If homes in your area are repeatedly damaged or destroyed by a covered peril, insurers may pull out of the entire area, refusing to write policies in your neighborhood. […]

  • Florida Homeowners Advance From Citizens into Private Companies Posted on Tuesday 5th December, 2023

    Homeowners Choice Property and Casualty Insurance Co. has assumed approximately 53,750 policies from Citizens Property Insurance Corp., Florida’s state-backed insurance company, the parent company says in a Tuesday news release. Homeowners Choice is owned by HCI Group Inc., a holding company with operations in homeowners insurance, information technology services, real estate and reinsurance. Homeowners Choice […]

  • 2024 Homeowners Insurance Outlook Receives Negative Rating Posted on Tuesday 21st November, 2023

    The insurance news for 2024 is certainly not great. Experts expect that extreme weather and increasing costs will push up insurance costs and make insurance companies more selective when deciding where they will write policies.  Recently, credit rating agency AM Best downgraded the entire home insurance industry from stable to negative. According to Richard Attanasio, […]

  • Fall 2023: Florida Homeowners Insurance Premium Update Posted on Tuesday 24th October, 2023

    Despite the fact that the Florida legislation finally passed a couple of bills to deal with the ever-increasing cost of homeowners insurance, it seems unlikely that premiums will start to fall anytime soon according to a report put out by Karen Clark & Company (KCC), a risk modelling firm. The recent report, titled “Managing Expectations: […]

  • Citizens Property Insurance Corporation Citizens Property Sends Out Letters Posted on Wednesday 27th September, 2023

    Soon, hundreds of thousands of Citizens Property Insurance Company policyholders will be getting a letter in their mailbox asking them to move their policy to a private insurance company and away from Citizens, the state-backed insurer of last resort. Citizens Property is using the letters as part of its “Depopulation” effort that was approved by […]

  • 5 New Homeowners Insurance Companies Step into the Florida Insurance Market Posted on Wednesday 27th September, 2023

    Florida’s property insurance disaster may be taking baby steps in the right direction as five new insurers step into the Florida market, taking over hundreds of thousands from Citizens Property, Florida’s insurer of last resort. This could lead to more insurance options for residents of the Sunshine State soon. The five companies in the mix […]