Flood insurance cost · ZIP 32407 · FL

Flood insurance cost in ZIP 32407 (Panama City Beach, FL)

What homeowners with a National Flood Insurance Program policy actually pay, from FEMA's records of 1,480 home policies in force on August 31, 2026.

ZIP code 32407 (Panama City Beach, FL)Policies in force on Aug 31, 2026

Median annual cost of NFIP flood insurance for a home

$824a year

Half of insured homes paid between $603 and $1,201. That is 10% less than the Bay County median ($917). The most common flood zone for insured homes here is zone X (47%).

$0$603 · $824 · $1,201$1,501

+2.5% vs Aug 31, 2025 (median $804)

1,480home policies in force

$977average cost (mean)

53%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 32407

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 zone	Median	Middle half (25th–75th percentile)	Average	Policies	vs last year
Zone VE / V High risk, coastal	$874	$620–$1,332	$1,088	82 (6%)	+3.3%
Zone AE High risk	$1,197	$900–$1,494	$1,300	577 (39%)	+13.1%
Zone A High risk	$660	$581–$859	$736	131 (9%)	−1.8%
Zone X Moderate to low risk	$670	$541–$874	$739	690 (47%)	+2.3%

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 32407, by what they insure.

Type of building	Policies	Median	Average
Single-family home	1,245	$852	$995
2–4 unit building	26	$1,176	$1,292
Manufactured (mobile) home	51	$952	$1,353
Condo or apartment unit	158	$589	$660
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.	90	$2,712	$5,945
Non-residential building or unit Businesses, churches, farm buildings and other non-residential property.	144	$1,646	$2,556

1,714NFIP policies in force, any building

4,994insured units (condo association policies count every unit)

92%of home policies also cover contents

$100,000median contents coverage, when bought

One year on: ZIP code 32407

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, 2025	Aug 31, 2026	Change
Home policies in force	1,587	1,480	−6.7%
Median annual cost	$804	$824	+2.5%
Average annual cost	$917	$977	+6.5%
All policies in force (any building)	1,819	1,714	−5.8%

Flood claims history

Since 1978, NFIP policyholders in ZIP 32407 have filed 1,637 flood claims. 1,185 received a payment, for a total of $47.6 million (an average of $40,186 per paid claim). The year with the most claims was 1995 (545 claims). Amounts are in dollars of the time, not adjusted for inflation.

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 (9)

Swipe the table sideways to see all columns.

Year of loss	Claims	Paid claims	Total paid	Average per paid claim
2020	37	27	$1,666,559	$61,724
2018	48	16	$277,507	$17,344
2013	242	220	$7,502,748	$34,103
2005	61	54	$903,531	$16,732
2004	48	33	$1,523,008	$46,152
1998	329	275	$5,666,433	$20,605
1995	545	430	$28,923,372	$67,264
1991	75	70	$251,143	$3,588
1985	144	<10	–	–

From 2016 to 2026: 85 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 Beach (835 home policies) · Unincorporated Bay County (644 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.