Quick summary: 2026 prices
| Type of insurance | Estimated price range | Frequency |
|---|---|---|
| Car — mandatory (SOAT) | $125 – $275* | Annual |
| Car — full coverage | $45 – $125+* | Monthly |
| Health — local plan (age 35) | ~$50 – $200* | Monthly |
| Health — international plan (age 35) | ~$100 – $400+* | Monthly |
| Life — term ($100k–$250k, age 35) | $15 – $60* | Monthly |
| Life — universal / with savings (age 35) | $50 – $150+* | Monthly |
| Home — basic fire | $10 – $20* | Monthly |
| Home — multi-risk | $15 – $40+* | Monthly |
| Group health — local (companies) | $50 – $150 per employee* | Monthly |
| Group health — international (companies) | $100 – $250+ per employee* | Monthly |
*The prices shown are approximate estimates, published only as a reference guide and excluding the 5% tax. Your real premium depends on your profile, your coverages and the insurer; to know the exact price for your particular needs, request a quote.
Car insurance
The mandatory policy (SOAT) covers only third-party damage at the minimums the law requires, and runs about $125 to $275 a year. Full coverage — which actually repairs your vehicle — starts around $45 a month for an average sedan and rises with the car’s value: $45 to $100 for an SUV or 4x4, and from $60 for high-end models. What moves the price most is the insured value, the deductible and your history.
Full guide: how much car insurance costs →
Health insurance
It can be remarkably affordable. A local plan, covering you inside Panama’s hospital network, starts from around $50 a month for a young applicant. An international plan, which extends your cover outside the country, runs $100 to $500 or more depending on your age and the deductible you choose. Age at enrolment is decisive. The ranges below are for mid-tier plans by life stage; top-end plans can go well above them.
| Age | Local (monthly) | International (monthly) |
|---|---|---|
| 30–39 | ~$50 – $115* | ~$100 – $210* |
| 40–49 | ~$70 – $150* | ~$150 – $320* |
| 50–59 | ~$95 – $175* | ~$240 – $470* |
| 60+ | ~$120 – $230* | ~$390 – $680* |
*The prices shown are approximate estimates, published only as a reference guide and excluding the 5% tax. Your real premium depends on your profile, your coverages and the insurer; to know the exact price for your particular needs, request a quote.
Full guide: how much health insurance costs →
Life insurance
A term life plan — pure cover for 10, 20 or 30 years — costs between $15 and $60 a month for sums of $100,000 to $250,000, using a 35-year-old as the reference. Universal life policies, which combine lifelong protection with savings accumulation, start around $50 a month at that same age. Here your age and health at the time of application weigh more than in any other line.
Full guide: how much life insurance costs →
Home insurance
Insuring only the structure against fire costs between $10 and $20 a month — roughly $100 to $250 a year. A multi-risk policy, adding your contents, theft, water damage and liability, runs $15 to $40 or more a month. The price depends on the property’s rebuild value, not its market value.
Full guide: how much home insurance costs →
Business insurance
A local group health plan averages $50 to $150 a month per employee, while a group plan with international coverage runs $100 to $250 or more per employee. Group life costs just a few dollars a month per employee. The rest of a corporate programme — property, liability, fleets and surety bonds — is quoted against your operation rather than a fixed tariff.
Group insurance: minimums and costs →
Business insurance guide →
Bonds for government contracts →
Why your quote may differ
The ranges on this page are averages. Your final price depends on the value of the vehicle or property, your history, the deductible, your age and — for health and life — your condition when you apply. That is why a generic online quote rarely matches the real number: we compare your profile against every insurer that underwrites your risk.
Lowering your premium without losing protection
- Raise the deductible if you have the liquidity — it is the lever that cuts the premium most.
- Pay annually rather than monthly when instalments carry a financing surcharge.
- On health, choose a realistic coverage area: excluding the United States saves a lot if you would be treated in Panama anyway.
- Ask for good-experience discounts to be negotiated — claim-free years are worth money at renewal.
Frequently asked questions
Why did my quote come out different from these ranges?
Because the ranges are market averages. Your age, your history, the deductible you choose, the car model or your home’s rebuild value can move you up or down. A real quote is free and carries no commitment.
Is paying annually cheaper than monthly?
Generally yes: you avoid instalment financing surcharges. We calculate both ways so you can compare with real numbers.
Is a higher deductible worth it?
If you can absorb it without stress, yes — it is the lever that lowers the premium most in car, health and home cover. If you could not pay it on the day of a loss, it is a saving that costs dearly at the worst moment.
Does buying through a broker cost more?
No. The broker’s commission sits inside the policy’s regular rate whether you use one or not. The price is identical, and you gain a whole-market comparison and support at claim time.