Cheapest car hire in Panama

Top tips when hiring a car in Panama

  • Drive on the right-hand side of the road in Panama
  • There are no motorways in Panama, the maximum speed limit if 80km/h
  • Fuel is cheap in Panama, expect to pay around $30 USD to refill an average rental car
  • Mex Rent a Car are the highest ranked car hire company in Panama offering low prices and a wide range of cars

Panama car hire reviews

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Rated 3.8 / 5 | 1,800 reviews

Laws and rules of the road when driving in Panama



    Road Driving Side



    Urban speed Limit



    Rural Speed Limit



    Motorway Speed Limit


    USD  0.69/Ltr

    Current Petrol Price



    Drink Drive Limit


    PAB/USD $







    Min Rental Age


    Min Driving Age


    Front and Rear



    Fixed and Mobile

    Speed Cameras


    Hands Free Only

    Mobile Phones

Recent customer reviews (average rating /10)

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Compare car rental agents in Panama

Rental Agent
Rating (/10)
Customer Reviews
Mini (€/day)
Compact (€/day)
Intermediate (€/day)
Standard (€/day)
€ 27.34
€ 29.50
€ 44.62
€ 105.72

Car rental agent statistics in Panama

  • 8.5/10
    Highest rated agent:
  • 6.7/10
    Lowest rated agent:
  • 87
    Total number of reviews in
  • 11
    Most Locations in Panama:
  • 13
    Average wait time
  • 10
    Total rental companies

Average prices per day for car hire in Panama

*average daily rates based on 7 day rental, search for today's best prices.

Fuel prices in Panama

Month, YearDiesel €/ltrUnleaded €/ltr
Sep , 2020 0.46 0.56
Aug , 2020 0.45 0.55
Jul , 2020 0.47 0.57
Jun , 2020 0.44 0.55
May , 2020 0.40 0.52
Apr , 2020 0.41 0.44
Mar , 2020 0.45 0.49
Feb , 2020 0.59 0.69
Jan , 2020 0.67 0.74
Dec , 2019 0.64 0.70
Nov , 2019 0.65 0.73
Oct , 2019 0.65 0.72

Car rental price statistics in Panama

  • € 76.58
    Average price:
    (per week)
  • € 146.72
    Highest daily price:
    Toyota Prado
  • 865
    Total cars available
  • 81
    Most popular model:
    Hyundai H1
  • 113
    Location with most cars:
    Panama City - Centre
  • € 10.9 per day
    Cheapest daily price:
    SIXT - Panama City - Tocumen Intl. Airport

FAQs about car hire in Panama

How much does it cost to hire a car in Panama?

Car hire in Panama starts from just €10.90 per day for a (mini) class car from Sixt. The average price to hire a car in Panama is just €45.40 per day, whilst the most expensive hire car in Panama is a Toyota Prado car for a (premium) class from Dollar costing €146.70 per day.

How do I get a free additional driver when hiring a car in Panama?

We often have special offers on car hire in Panama including free additional drivers, for example, is offering free additional driver and express check-in at for €0.00 per day.

Why is car hire so cheap in Panama?

Car hire prices in Panama are kept low thanks to the 10 car hire companies across the country. With over 24 car hire locations and 5,538 car hire options available, competition keeps prices low in Panama.

Who is the best car hire company in Panama?

Based on over 87 reviews from recent car hire customers, the best car hire agency in Panama Is Dollar who score on average 6.9/10 across all locations in Panama.

What is the most popular car hire location in Panama?

The most popular locations to hire a car in Panama is Panama City - Centre with 9 car hire companies and 113 cars to choose from.

How much does fuel cost in Panama?

Current fuel prices in Panama are €0.56/ltr for petrol and €0.46/ltr for diesel as of 21 September 2020, it’ll cost on average €22 to fill an average compact class car with petrol and €18 for diesel.

What are the speed limits in Panama?

Speed limits in Panama are in km/h and are generally 50 km/h on urban roads, 80 km/h on rural roads and n/a km/h on the motorways but you should always follow local signage.

What is the cheapest car hire company in Panama?

Sixt is the cheapest car hire company in Panama offering a (mini) class car such as the Hyundai i10 for as little as €76.30 per week.

What is the most popular hire car in Panama?

The most popular car hire category in Panama is the Hyundai H1 available from 8 car hire companies in over 21 locations.

Is it safe to hire a car and drive in Panama?

Hiring a car and driving within Panama City is little different from many other south and central american cities. Expect congestion and busy roads and it's no less safe than anywhere else in the region. If you need to drive outside of Panama City, road conditions deteriorate quickly and hiring a 4x4 might be wise. You should also try to avoid driving at night or during the hours of darkness where possible to minimise the risk.

Can you drive a hire car from Panama to Costa Rica?

Whilst you can drive from Panama into Costa Rica (subject to border controls), none of the car hire companies in Panama permit international / cross border travel.

Mini Guide to Panama

58km (36 miles) divides the Caribbean and Pacific coasts of Panama at the country's narrowest point. It was from a peak in Daricn as the isthmus was then known that in 1513 the Spaniard Vasco Nunez de Balboa became the first European to sight the world's greatest ocean. Ever since, Panama has been a routeway from the Caribbean and Atlantic to the Pacific.

The country is lucky in having a break in its backbone chain of mountains, a pass only 87m (285 ft) above sea level, which allowed a relatively easy way across. But dense forest covers much of the country. In addition, Panama was at least until the beginning of this century very unhealthy.

At first the crossing was by track, later by railway and finally by canal. Until the early 1800s. Silver from Peru was carried across the isthmus to be loaded into Spanish galleons. However, attacks by British 'pirates' such as Henry Morgan and Admiral Vernon helped prevent the route and the colony from prospering - the main towns were looted and burnt on several occasions. By the mid-19th century, however, the railway from Colon on the Caribbean coast to Panama City on the Pacific was carrying goods and people from America's eastern states IQ the booming West. Completion of the Panama Canal in 1914 made the country a critical focus of international routes.

Panama achieved freedom from Spain in 1821, at the same time as neighbouring Colombia. Indeed. It remained part of Colombia until 1903. When an American inspired revolution led to a declaration of independence. Panama signed a treaty with the United States giving America control of a 16 km (10 mile) wide 'Panama Canal Zone' for a down-payment of $10 million, plus $250 000 a year. The Americans set about clearing the country of mosquitos and completing a canal which the French engineer Ferdinand de Lesseps had started in 1879, but abandoned in 1889. The first ship passed through.

The 82 km (51 mile) long waterway in 1914, and the project cost $350 million. In 1979 America returned sovereignty of the zone to Panama, which will take full control of the canal on December 31, 1999. The countries economy is heavily dependent on the canal: it imports much more than it exports, with most of the difference made up by financial services, tourism, and the services and goods it provides for the canal. Nearly a third of the work force are farmers. Cropland covers only about 5 per cent of the country, but produces the main staple food rice.

Over the years the government has tried to reduce Panama's dependence on the canal, but it is due mostly to the waterway that this is one of the richer nations in Latin America. A free-trade zone has been set up at Colon. The country is developing as a financial centre, with more than 100 international banks operating there. A huge merchant fleet of about 12,000 ships sails under the Panamanian flag. Most of them do so because registration fees are low and labour laws lenient.

The people are of mixed blood, although there are distinct communities of black descended from African slaves, whites and native Indian. The government has for long periods been dominated by the military, but the first elections for 12 years were held in 1980, and the first presidential election for 16 years took place in 1984.

Panama Factfile

  • The Panama Canal generates a significant proportion of the countries GDP
  • Is the fastest growing economy in Central America largely thanks to revenue from the Canal
  • Panama City is the capital city

Car hire in Panama is the quickest and cheapest way to get around this Central American country at your liberty. Rhino car hire is constantly on the look out for the best bargains offered by car hire companies such as Sixt, Hertz and Avis and we pass those savings directly on to the customer.

Useful links if renting a car in Panama

Fuel Prices in Panama

  • Price of petrol in Panama in September

    € 0.56/Ltr

    ($ 0.69/Ltr | 0.69/Ltr)
  • Price of diesel in Panama in September

    € 0.46/Ltr

    ($ 0.56/Ltr | 0.56/Ltr)

Cost to fill a rental car in Panama in September

  Petrol Diesel
Economy € 22.40  ($ 27.43) | € 18.40  ($ 22.53)
Compact € 22.40  ($ 27.43) | € 18.40  ($ 22.53)
Full Size € 28.00  ($ 34.29) | € 23.00  ($ 28.17)
SUV € 33.60  ($ 41.15) | € 27.60  ($ 33.80)
Carrier € 39.20  ($ 48.00) | € 32.20  ($ 39.43)

Next Upcoming Holiday


    Tuesday 3 Nov 2020

    Independence Day - National holiday

Other Car Hire Locations in Panama

We specialise in car rentals throughout Panama to find you the best price and that's a promise...

Car Hire Tocumen Airport
Mini 3 4 1 from €16.9 per day
Compact 5 5 2 from €24.9 per day
Economy 3 5 2 from €23.9 per day