Are you at wits end from not being able to scrape enough together to buy auto insurance? Your situation is no different than many other Pennsylvania consumers.
It's well known that insurance companies want to prevent you from shopping around. Drivers who compare rates at least once a year will probably buy a new policy because there are good odds of finding a lower-priced policy. A study discovered that drivers who regularly compared rates saved on average $850 each year compared to people who don't regularly compare prices.
If finding the cheapest price on car insurance in Philadelphia is the reason for your visit, then understanding how to find and compare auto insurance can save time, money, and frustration.
Many auto insurance companies vie to insure your vehicles, so it's not easy to compare every provider to find the absolute lowest cost out there.
If you currently have a car insurance policy, you will be able to shop for the lowest rates using these techniques. Buying the cheapest insurance in Philadelphia is actually quite easy if you know where to start. Nevertheless, Pennsylvania consumers need to learn the way companies market insurance on the web because rates are impacted by many factors.
When shopping for GMC Canyon insurance in Philadelphia there are multiple ways to compare rate quotes from many auto insurance companies in Pennsylvania. The simplest method to find the cheapest GMC Canyon insurance rates is simply to get online rate quotes.
Doing online rate quotes comparisons is so easy that it replaces the need to actually drive to each insurance agency near you. Comparing GMC Canyon insurance rate quotes online has made agencies unnecessary unless you're the type of person who wants the guidance that you can only get from talking to an agent. It is possible to price shop online and still use a local agent.
Just keep in mind that getting more free quotes helps improve the odds of finding a lower rate than you're paying now. Not every company provides online Philadelphia Canyon insurance quotes, so you should also compare price estimates from them as well.
The companies shown below can provide price comparisons in Pennsylvania. If multiple companies are shown, we recommend you click on several of them in order to find the lowest rates.
The information displayed next outlines different insurance coverage prices for GMC Canyon models. Being able to understand how auto insurance policy rates are established helps drivers make decisions on the best policy to buy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Canyon SLE Regular Cab 2WD||$172||$322||$428||$26||$128||$1,076||$90|
|Canyon SLE Ext Cab 2WD||$172||$390||$428||$26||$128||$1,144||$95|
|Canyon SLE Ext Cab Z71 2WD||$172||$390||$428||$26||$128||$1,144||$95|
|Canyon SLE Crew Cab 2WD||$172||$390||$428||$26||$128||$1,144||$95|
|Canyon SLE Regular Cab 4WD||$198||$322||$428||$26||$128||$1,102||$92|
|Canyon SLE Crew Cab Z71 2WD||$198||$390||$428||$26||$128||$1,170||$98|
|Canyon SLT Ext Cab 2WD||$198||$390||$428||$26||$128||$1,170||$98|
|Canyon SLE Ext Cab 4WD||$198||$322||$428||$26||$128||$1,102||$92|
|Canyon SLT Crew Cab 2WD||$198||$460||$428||$26||$128||$1,240||$103|
|Canyon SLE Ext Cab Z71 4WD||$198||$390||$428||$26||$128||$1,170||$98|
|Canyon SLE Crew Cab 4WD||$224||$390||$428||$26||$128||$1,196||$100|
|Canyon SLE Crew Cab Z71 4WD||$224||$390||$428||$26||$128||$1,196||$100|
|Canyon SLT Crew Cab 4WD||$224||$390||$428||$26||$128||$1,196||$100|
|Canyon SLT Ext Cab 4WD||$224||$390||$428||$26||$128||$1,196||$100|
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Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Pennsylvania minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Table data does not factor in specific zip code location which can alter price quotes greatly.
The illustration below highlights how deductible selection and can impact GMC Canyon insurance costs for different age groups of insureds. The costs are based on a single male driver, full physical damage coverage, and no discounts are applied.
Difference between liability only and full coverage rates
The example below illustrates the comparison of GMC Canyon car insurance rates with and without full coverage. The data is based on a clean driving record, no at-fault accidents, $100 deductibles, single status, and no discounts are applied to the premium.
Are you wasting money on full coverage?
There is no written rule of when to eliminate comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of having full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.
For example, let's say your GMC Canyon claim settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would get paid by your company is $8,000 after paying the physical damage deductible. If it's costing you more than $800 annually to have full coverage, the it may be a good time to stop paying for full coverage.
There are a few cases where dropping physical damage coverage is not advised. If you still owe money on your vehicle, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not drop full coverage.
Cheaper Philadelphia car insurance rates with discounts
Car insurance is not an enjoyable expense, but there may be some discounts that many people don't even know exist. Larger premium reductions will be automatically applied when you purchase, but lesser-known reductions have to be specially asked for in order for you to get them.
- Life Insurance - Select car insurance companies reward you with a break if you buy life insurance.
- Multiple Cars - Having multiple vehicles on a single policy qualifies for this discount.
- Seat Belt Usage - Drivers who require all occupants to fasten their seat belts can save a little on medical payment and PIP coverage.
- Multiple Policy Discount - When you have multiple policies with one insurance company you will save up to 20% off your total Canyon insurance premium.
- Defensive Driver Discounts - Participating in a course that instructs on driving safety could cut 5% off your bill and also improve your driving technique.
- Homeowners Savings - Being a homeowner can help you save on car insurance since home ownership demonstrates responsibility.
- ABS Brakes - Cars and trucks that have anti-lock braking systems can stop better under adverse conditions and the ABS can save up to 10%.
As a disclaimer on discounts, most of the big mark downs will not be given to the overall cost of the policy. Some only reduce the cost of specific coverages such as comp or med pay. So even though you would think it's possible to get free car insurance, you won't be that lucky.
The chart below visualizes the comparison of GMC Canyon annual premium costs with and without discounts applied. The rate quotes are based on a female driver, no claims or driving citations, Pennsylvania state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, claim-free, multi-car, marriage, and multi-policy discounts applied.
To find insurers offering car insurance discounts in Philadelphia, click here to view.
Why you need car insurance
Despite the high insurance cost for a GMC Canyon in Philadelphia, insuring your vehicle is required in Pennsylvania but it also protects you in many ways.
First, the majority of states have minimum mandated liability insurance limits which means the state requires a specific level of liability protection in order to drive the car. In Pennsylvania these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
Second, if you took out a loan on your vehicle, most banks will stipulate that you carry insurance to ensure loan repayment if the vehicle is totaled. If the policy lapses, the lender will be forced to insure your GMC at a much higher rate and require you to reimburse them the higher price.
Third, car insurance preserves both your assets and your GMC. It will also pay for many types of medical costs that are the result of an accident. Liability coverage, the one required by state law, also covers all legal expenses up to the policy limit if you cause an accident and are sued. If damage is caused by hail or an accident, your car insurance policy will cover the damage repairs after a deductible is paid.
The benefits of buying enough insurance more than offset the price you pay, particularly if you ever have a claim. Despite what companies tell you, the average driver is overpaying over $830 a year so smart consumers compare quotes once a year at a minimum to save money.
Should I talk to an insurance agency?
A small number of people still prefer to sit down and talk to an agent. One of the benefits of comparing car insurance online is you may find cheaper rates but also keep your business local.
After filling out this quick form, your coverage information gets sent to insurance agents in Philadelphia who will give you quotes for your car insurance coverage. It makes it easy because there is no need to find an agent since rate quotes are delivered immediately to you. You can find lower rates without having to waste a lot of time. If you need to quote rates from one company in particular, you just need to visit that company's website to submit a rate quote request.
Choosing an provider is decision based upon more than just a cheap price. A good agent in Philadelphia will have answers to these questions.
- Will you work with the agent or an assistant?
- How are they compensated?
- Do they write coverage based solely on cost?
- Does the company have a solid financial rating?
- Does the agency provide any after hours assistance?
- Is vehicle damage repaired with OEM or aftermarket parts?
When looking for a good Philadelphia insurance agent, it can be helpful to understand the different types of agencies that you can select. Philadelphia agents are either exclusive or independent (non-exclusive).
These agents can only quote rates from one company and some examples include State Farm, Allstate and AAA. Exclusive agents are unable to provide rate quotes from other companies so it's a take it or leave it situation. Exclusive agents are very knowledgeable on their company's products which can be an advantage.
Listed below is a short list of exclusive agents in Philadelphia that are able to give price quotes.
Agents in the independent channel can sell policies from many different companies and that allows them to write policies through many companies and find you cheaper rates. If you are not satisfied with one company, they simply move your policy to a different company and that require little work on your part.
If you need cheaper car insurance rates, we recommend you compare prices from multiple independent agents to maximize your price options.
Shown below is a list of independent agencies in Philadelphia willing to provide price quotes.