Get multiple home insurance quotes in 32405. Our licensed 32405, FL agents are ready to serve you.

32405 Online Home Insurance Rates

Comparing a bunch of different rates for your home in 32405 is very time consuming. At GetHomeInsuranceQuotes.com, we help you shop and compare up to 12 major top-rated A.M. Best companies, to present the most affordable rates for homeowners living in Panama City, FL. Not only do we provide free comparitive rates, but we also answer any questions you have and offer a free consultation process to help you decide which coverage option is best for you. Most of the time, we can add up to 40% more in savings by applying all the discounts and credits, like a home/auto package, security alarm, new roof upgrade or even deadbolts. It's easy to shop with us, we have already partnered with the most competitive home insurance companies in the 32405 area. If you enter your zip code, you can easily begin the online quoting process, it only takes a few minutes. If you would like to give us a call now at 1-888-685-4704 we will be happy to hear from you.

If you would like to review more information on home insurance premiums in Florida, like average Panama City homeowners insurance rates, coverage options or home insurance types, please select Panama City, FL Home Insurance Rates Online!

32405 Home Insurance Average Premiums

Local 32405 homeowners insurance quotes comparison

$1385 /yr.

Shows Zip Code: 32405 lowest rates with discounts applied on average.

For the 32405, 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)
$1385 /yr.
Average Coverage:$1635 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1935 /yr.

What is the average home insurance cost for a home in 32405?

  • • The average homeowners insurance premium paid annually for a home in 32405 is around $1635 per year.

What does it cost on average per month for home insurance in 32405?

  • • Homeowners in 32405 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 32405?

  • • Autoowners in 32405 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 32405.
Review average rates in another zip code:
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32409 homeowners insurance rates

Home Replacement Cost Coverage in 32405

Average Building Cost Per Square Foot in 32405: $167

Location: Panama City, Florida (Bay County)

Average Square Footage in 32405: 1,147 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 32405 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 32405 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 32405 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,147 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$1671,147$191,600
Additional Upgrades & Added Features$2091,147$239,500
Major Home Updates or Advancements$2511,147$287,400

It's important to understand that when you estimate your replacement cost of your home in the 32405 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 32405

Convenience Insurance

Address: 2352 Lisenby Avenue Panama City, FL 32405
Phone: (850)913-0225
Website:

Best Home & Auto Insurance Agencies in 32405

Allstate Insurance-Bay City Financial- LLC

Address: 2104 W 23rd St Panama City, FL 32405
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 32405

Population Review for 32405 Zip Code

For the city of Panama City, the population within 32405 has increased to over 33,509 residents in population size. The current population total is 28,158. We have broken down the population based on race below. In 32405, there are over 13622 in male population and 14536 females.

PopulationValues
Total Population28,158
White Population19475
Black Population3329
Hispanic Population3366
Asian Population779
Hawaiian Population30
Indian Population177
Other Population1497
Male Population13622
Female Population14536
Population Estimate33509

Household Data for 32405

The average number of homes in 32405 is around 11,156, there are an average of 2.48 per household. The average house value according to local real estate values is around $191,600. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode11,156
Persons Per Household2.48
Average House Value$191,600
Income Per Household$61947
Median Age39.5
Median Age Male38.2
Median Age Female40.7
32405 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 Businesses1187
Number Of Employees16482
Business First Quarter Payroll180788
Business Annual Payroll794367
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 Residential13512
Delivery Business1385
Delivery Total20313
Preferred Last Line KeyY22659
Classification Code
Multi-County
CSA Name
CBSA_DIV_Name
City State KeyY22659
Land Area18.778000
Water Area4.532000
City Alias Code
City Mixed CasePanama City
City Alias Mixed CasePanama City
Box Count0
SFDU7796
MFDU1385
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

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  • 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 […]