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Flood insurance cost · ZIP 32408 · FL

Flood insurance cost in ZIP 32408 (unincorporated Bay County, FL)

What homeowners with a National Flood Insurance Program policy actually pay, from FEMA's records of 2,121 home policies in force on August 31, 2026.

ZIP code 32408 (unincorporated Bay County, FL)Policies in force on Aug 31, 2026

Median annual cost of NFIP flood insurance for a home

$1,161a year

Half of insured homes paid between $801 and $1,491. That is 27% more than the Bay County median ($917). The most common flood zone for insured homes here is zone X (45%).

$0$801 · $1,161 · $1,491$1,864
+10.6% vs Aug 31, 2025 (median $1,050)
2,121home policies in force
$1,366average cost (mean)
55%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 32408

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		$1,089$653–$1,588$1,393330 (16%)+7.0%
Zone AE
High risk		$1,399$1,112–$2,030$1,776839 (40%)+11.4%
Zone X
Moderate to low risk		$962$668–$1,263$995945 (45%)+6.7%

Not shown (fewer than 10 home policies): A, 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 32408, by what they insure.

Type of buildingPoliciesMedianAverage
Single-family home1,605$1,253$1,490
2–4 unit building94$1,340$1,592
Manufactured (mobile) home43$977$1,017
Condo or apartment unit379$692$826
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.		217$3,788$6,584
Non-residential building or unit
Businesses, churches, farm buildings and other non-residential property.		185$2,840$3,899
2,523NFIP policies in force, any building
9,532insured units (condo association policies count every unit)
90%of home policies also cover contents
$100,000median contents coverage, when bought

One year on: ZIP code 32408

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 force2,3202,121−8.6%
Median annual cost$1,050$1,161+10.6%
Average annual cost$1,269$1,366+7.6%
All policies in force (any building)2,7262,523−7.4%

Flood claims history

Since 1978, NFIP policyholders in ZIP 32408 have filed 1,398 flood claims. 813 received a payment, for a total of $41.7 million (an average of $51,339 per paid claim). The year with the most claims was 1995 (723 claims). Amounts are in dollars of the time, not adjusted for inflation.

020040060080019801985: 32 claims, 15 paid, $135,223 in total19901995: 723 claims, 492 paid, $34,315,803 in total19951998: 71 claims, 38 paid, $533,897 in total19981999: 12 claims, 10 paid, $127,200 in total20002004: 44 claims, 14 paid, $297,760 in total2005: 43 claims, 29 paid, $558,847 in total2008: 31 claims, 25 paid, $648,040 in total20102012: 13 claims2013: 51 claims, 36 paid, $1,243,667 in total2018: 202 claims, 44 paid, $1,054,295 in total20182020: 71 claims, 52 paid, $2,039,114 in total20202021: 10 claims
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
202110<10––
20207152$2,039,114$39,214
201820244$1,054,295$23,961
20135136$1,243,667$34,546
201213<10––
20083125$648,040$25,922
20054329$558,847$19,271
20044414$297,760$21,269
19991210$127,200$12,720
19987138$533,897$14,050
1995723492$34,315,803$69,748
19853215$135,223$9,015

From 2016 to 2026: 283 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

Unincorporated Bay County (2,027 home policies) · Panama City Beach (94 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.