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Flood insurance cost · ZIP 32405 · FL

Flood insurance cost in ZIP 32405 (Panama City, FL)

What homeowners with a National Flood Insurance Program policy actually pay, from FEMA's records of 1,594 home policies in force on August 31, 2026.

ZIP code 32405 (Panama City, FL)Policies in force on Aug 31, 2026

Median annual cost of NFIP flood insurance for a home

$729a year

Half of insured homes paid between $545 and $1,086. That is 21% less than the Bay County median ($917). The most common flood zone for insured homes here is zone X (43%).

$0$545 · $729 · $1,086$1,358
+2.4% vs Aug 31, 2025 (median $712)
1,594home policies in force
$930average cost (mean)
57%of insured homes in high-risk zones (A, V)
$250,000median building coverage

This is what policyholders paid, not a quote. Two neighbors can pay very different prices: NFIP prices depend on the building (elevation, foundation, number of floors, replacement cost), the coverage and deductible chosen and the distance to water (FEMA FloodSmart: premium factors). For a price for your building, ask an insurance agent. Private flood insurance is not included in these figures.

Cost by flood zone in ZIP code 32405

The flood zone on FEMA's map is one of the main price factors. Median and middle half of what insured homes paid, by the zone used to rate the policy.

Flood zoneMedianMiddle half (25th–75th percentile)AveragePoliciesvs last year
Zone VE / V
High risk, coastal		$1,187$1,136–$1,786$1,62716 (1%)+3.9%
Zone AE
High risk		$1,064$713–$1,570$1,302530 (33%)+8.9%
Zone A
High risk		$570$488–$702$605360 (23%)+0.7%
Zone X
Moderate to low risk		$704$526–$1,050$797688 (43%)+2.5%

Not shown (fewer than 10 home policies): AO, AH, A99/AR, D. Shares are of all insured homes; a few policies have no rated zone. "vs last year" compares medians with policies in force a year earlier.

Cost by type of building

All NFIP policies in force in ZIP code 32405, by what they insure.

Type of buildingPoliciesMedianAverage
Single-family home1,486$748$940
2–4 unit building41$802$1,054
Manufactured (mobile) home61$704$653
Whole residential building (5+ units or condo association)
One policy covers the whole building, so the cost is much higher than for a single home.		159$1,438$1,648
Non-residential building or unit
Businesses, churches, farm buildings and other non-residential property.		240$1,158$1,343

Not shown (fewer than 10 policies): condo or apartment unit.

1,993NFIP policies in force, any building
2,013insured units (condo association policies count every unit)
88%of home policies also cover contents
$100,000median contents coverage, when bought

One year on: ZIP code 32405

Policies in force on August 31, 2026 compared with a year earlier. Nationwide, practically all policies in both years carry FEMA's Risk Rating 2.0 occupancy codes, so both years use the same pricing system. The policies are not the same: some were new, some lapsed.

Aug 31, 2025Aug 31, 2026Change
Home policies in force1,7571,594−9.3%
Median annual cost$712$729+2.4%
Average annual cost$872$930+6.7%
All policies in force (any building)2,1481,993−7.2%

Flood claims history

Since 1978, NFIP policyholders in ZIP 32405 have filed 1,137 flood claims. 845 received a payment, for a total of $26.1 million (an average of $30,874 per paid claim). The year with the most claims was 2018 (411 claims). Amounts are in dollars of the time, not adjusted for inflation.

020040060080019801984: 12 claims19901995: 221 claims, 197 paid, $5,723,928 in total19951998: 59 claims, 47 paid, $635,944 in total20002004: 21 claims, 14 paid, $219,496 in total2005: 63 claims, 51 paid, $1,273,346 in total2008: 57 claims, 52 paid, $1,230,858 in total2009: 11 claims20102013: 83 claims, 75 paid, $1,930,879 in total20132016: 10 claims2018: 411 claims, 260 paid, $11,059,488 in total20182020: 69 claims, 54 paid, $2,338,705 in total20202021: 40 claims, 30 paid, $1,026,115 in total
Flood claims per year of loss, 1978–2026. Years with fewer than 10 claims are left blank. Hover a bar for details.
All years with at least 10 claims (12)

Swipe the table sideways to see all columns.

Year of lossClaimsPaid claimsTotal paidAverage per paid claim
20214030$1,026,115$34,204
20206954$2,338,705$43,309
2018411260$11,059,488$42,536
201610<10––
20138375$1,930,879$25,745
200911<10––
20085752$1,230,858$23,670
20056351$1,273,346$24,968
20042114$219,496$15,678
19985947$635,944$13,531
1995221197$5,723,928$29,055
198412<10––

From 2016 to 2026: 530 claims (counting only years with at least 10). 2026 is a partial year. Claims are counted where the insured property is; they include buildings and contents, homes and businesses.

NFIP communities in this ZIP code

Panama City (828 home policies) · Unincorporated Bay County (448 home policies) · Lynn Haven (183 home policies) · Springfield (135 home policies). A ZIP code can cross city and county lines; each policy is counted once, in the ZIP code reported for the insured building.