Get multiple home insurance quotes in 32404. Our licensed 32404, FL agents are ready to serve you.

Compare 32404 Home Insurance Rates Today!

Compare multiple home insurance rates for your home in Panama City just got easier with the quick quoting system provided by GetHomeInsuranceQuotes.com. We make it easier for you and your 13,746 neighbors looking to save on their home insurance policy in the local 32404 zip code area. Our process is very simple, easy to use and hassle free. We help you shop and compare competitive rates for your home in 32404. So how do we provide affordable home insurance quotes? We use your home details from our online quoting application to compare the best Florida rates and coverage options with over 12 major carriers. Then we evaluate the best coverage and apply all the discounts and credits to help you save an additional 40%. We do all of this and more and our service online or over the phone is free. Let us help you compare your Panama City, FL home insurance rates today!

For more information about homeowners insurance, like average home insurance rates, coverage options or home insurance types, please select Home Insurance Rates in Panama City, FL

32404 Home Insurance Average Premiums

Local 32404 homeowners insurance quotes comparison

$1382 /yr.

Shows Zip Code: 32404 lowest rates with discounts applied on average.

For the 32404, 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)
$1382 /yr.
Average Coverage:$1632 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1932 /yr.

What is the average home insurance cost for a home in 32404?

  • • The average homeowners insurance premium paid annually for a home in 32404 is around $1632 per year.

What does it cost on average per month for home insurance in 32404?

  • • Homeowners in 32404 pay a monthly average cost per month around $136.00.

What kind of discount could I get if I combine my home and auto insurance together in 32404?

  • • Autoowners in 32404 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 32404.
Review average rates in another zip code:
32404 homeowners insurance rates
32408 homeowners insurance rates
32401 homeowners insurance rates
32403 homeowners insurance rates
32409 homeowners insurance rates
32405 homeowners insurance rates

Home Replacement Cost Coverage in 32404

Average Building Cost Per Square Foot in 32404: $167

Location: Panama City, Florida (Bay County)

Average Square Footage in 32404: 1,037 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 32404 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 32404 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 32404 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,037 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$1671,037$173,100
Additional Upgrades & Added Features$2091,037$216,375
Major Home Updates or Advancements$2511,037$259,650

It's important to understand that when you estimate your replacement cost of your home in the 32404 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 32404

Best Home & Auto Insurance Agencies in 32404

Allstate Insurance Companies

Address: 621 N Tyndall Pky Panama City, FL 32404
Phone:
Website: http://www.allstate.com
Info: Allstate Car Insurance Quotes, Home Insurance, Financial Products and More
Allstate auto insurance quotes and anonymous ballpark estimates to help protect you, your family and your automobile. Insurance and financial products include car insurance, home insurance, business insurance, life insurance, IRAs and annuities. car insurance, auto insurance quote, vehicle insurance, free online insurance quotes, rate quote, life insurance, annuities, mutual funds, IRAs, allstate insurance agent, allstate.com

Housing Demographics for 32404

Population Review for 32404 Zip Code

For the city of Panama City, the population within 32404 has increased to over 49,259 residents in population size. The current population total is 38,186. We have broken down the population based on race below. In 32404, there are over 19727 in male population and 18459 females.

PopulationValues
Total Population38,186
White Population27344
Black Population4849
Hispanic Population2964
Asian Population1197
Hawaiian Population61
Indian Population207
Other Population1169
Male Population19727
Female Population18459
Population Estimate49259

Household Data for 32404

The average number of homes in 32404 is around 13,746, there are an average of 2.64 per household. The average house value according to local real estate values is around $173,100. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode13,746
Persons Per Household2.64
Average House Value$173,100
Income Per Household$58853
Median Age39.9
Median Age Male39.1
Median Age Female40.7
32404 DetailsValues
StateFL
State Full NameFlorida
City TypeP
City Alias Abbreviation
Area Code850
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 Businesses486
Number Of Employees5272
Business First Quarter Payroll47731
Business Annual Payroll200195
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 Residential18659
Delivery Business557
Delivery Total19398
Preferred Last Line KeyY22659
Classification Code
Multi-County
CSA Name
CBSA_DIV_Name
City State KeyY22659
Land Area135.073000
Water Area19.006000
City Alias Code
City Mixed CasePanama City
City Alias Mixed CasePanama City
Box Count24
SFDU12685
MFDU232
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

  • Why Are Homeowners Insurance Premiums Rising in 2024? Posted on Tuesday 9th July, 2024

    As insurance rates rise at unprecedented rates, homeowners are cutting back on groceries, travel, dining out, and even medication to afford the cost of their insurance premiums. In even more shocking news, 1 in 10 homeowners are even consider moving to an area with lower premiums, according to a recent survey by Claimguide. According to […]

  • Coastal Homeowners Insurance in Florida Posted on Monday 8th July, 2024

    Florida has it all, constant sunshine, beaches,plenty of restaurants and entertainment. It also has some of the highest homeowner insurance premiums in the country. According to Value Penguin, the Sunshine State has the 14th most expensive homeowner insurance rates in the country with the average premium coming in at $1,727. While insurance premiums are high all […]

  • Florida’s Broward Commissioner is Asking Congress to Lower Insurance Rates Posted on Monday 1st April, 2024

    A bill in the U.S. House called the Natural Disaster Reinsurance Plan, hopes to lower insurance costs for policyholders in states that opt-in to the program which will scale back the requirements regarding the amount of reinsurance that insurance companies need to purchase.  Currently, a Broward commissioner is asking Congress to pass legislation he claims […]

  • Florida Lawmakers May Allow Takeout Offers to Citizens’ Policyholders Posted on Wednesday 13th March, 2024

    Lawmakers in Florida are moving closer to allowing specific insurer types to make offers to policyholders currently with Citizen’s Property to insure their vacation or second home.  SB 1716 this week cleared the Senate’s Fiscal Policy Committee for the takeout offers after the Senate’s Banking and Insurance Committee approved the measure earlier this month.  This […]

  • 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 […]