Who Has Affordable Auto Insurance for Drivers Over Age 60 in Philadelphia?

Wouldn’t it be great if we could look into our crystal ball and tell you the one best car insurance company that has the best insurance prices for drivers over age 60? Unfortunately, it’s just not that easy, as there are a whole slew of unknown factors such as where you live in Philadelphia, how high your deductibles should be, and the number of miles you drive in a year, that all influence how much you pay for auto insurance. Car insurance is kind of a dry topic, but this article will explain these types of topics and hopefully give you enough understanding to have a good beginning to your search for cheaper coverage.

One of the more important factors that are looked at to determine the amount you pay for auto insurance is where you keep your car in Philadelphia. More densely populated places tend to have higher rates, whereas areas with less people or fewer weather incidents profit from lower rates.

The table below ranks the most costly cities in Pennsylvania for drivers over age 60 in which to buy car insurance. Philadelphia ranks #1 with an annual rate of $2,037 for coverage, which is approximately $170 per month.

How much does auto insurance cost in Philadelphia?
Rank City Average Per Year
1 Philadelphia $2,037
2 Drexel Hill $1,504
3 Chester $1,435
4 Levittown $1,421
5 Norristown $1,307
6 Allentown $1,108
7 Erie $1,104
8 Reading $1,099
9 Municipality of Monr $1,091
10 Plum $1,089
11 Hazleton $1,088
12 Pittsburgh $1,085
13 Bethlehem $1,077
14 Easton $1,058
15 Wilkes-Barre $1,057
16 New Castle $1,057
17 Scranton $1,049
18 Altoona $1,042
19 Harrisburg $1,015
20 Bethel Park $989
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Rate quotes are estimated as the garaging address in Philadelphia can modify coverage rates significantly.

Finding reliable, reasonably-priced auto insurance is not always easy, and determining which company offers the cheapest car insurance rates for drivers over age 60 will require a bit more work. Each insurance company has their own guidelines for setting rates, so to begin we’ll rank the car insurance companies that tend to be cheaper in Pennsylvania.

It’s a good idea to be aware that Pennsylvania car insurance rates are impacted by many things which can significantly increase or decrease the price you have to pay for coverage. That is why consumers need to perform an extensive rate comparison to find affordable auto insurance quotes for drivers over age 60. Car insurance prices are influenced by many factors and can change without notice, so the most affordable company the last time you checked may now be priced much higher than other options.

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Who has the cheapest car insurance in Pennsylvania?
Rank Company Cost Per Year
1 General Casualty $748
2 Travelers $779
3 USAA $785
4 Erie $792
5 Penn National $832
6 Amica $992
7 Auto-Owners $1,003
8 Atlantic States $1,036
9 Donegal Mutual $1,091
10 GEICO $1,123
11 Allied $1,155
12 State Farm $1,210
13 California Casualty $1,234
14 State Auto $1,267
15 Encompass $1,357
16 Progressive $1,414
17 Harleysville $1,452
18 Mutual Benefit Group $1,454
19 Nationwide $1,477
20 Chubb $1,551
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General Casualty has some of the cheapest car insurance rates in Philadelphia at around $748 a year. This is $909 less than the average policy premium paid by Pennsylvania drivers of $1,657. Travelers, USAA, Erie, and Penn National also are some of the cheaper Philadelphia, PA insurance companies.

In this example, if you are insured with Erie and switched to General Casualty, you may see an annual premium reduction of approximately $44. Policyholders with Penn National might save as much as $84 a year, and Amica insureds might reduce rates by $244 a year.

Be aware that those premiums are averages for all insureds and vehicles and do not factor in an exact vehicle garaging location for drivers over age 60. So the car insurance company that can offer you the lowest price may not even be in the list above. That affirms the importance of why you need to quote rates from as many companies as possible using your own specific driver and vehicle information.

The make and model of vehicle requiring insurance is one of the biggest factors when comparing the lowest-priced insurance for drivers over age 60. Vehicles with limited top-end speed, good crash test ratings, or low incidents of liability claims will cost quite a bit less to insure than high performance models.

The next list showcases auto insurance rates for the most budget-friendly automobiles to insure.

Cheapest Vehicles to Insure in Philadelphia, PA
Make, Model, and Trim Level Estimated Cost for Full Coverage
Honda Accord LX-P 4-Dr Sedan $3,873
Honda CR-V LX 2WD $3,878
Ford Escape XLS 2WD $3,873
Toyota Prius $4,287
Jeep Wrangler Rubicon 4WD 2-Dr $4,346
Honda Civic DX 4-Dr Sedan $4,509
Ford Edge SEL 2WD $4,516
Chevrolet Equinox LS 2WD $4,591
Toyota Tacoma Double Cab 4WD $4,599
Nissan Altima 2.5 4-Dr Sedan $4,591
Toyota RAV4 Limited 4WD $4,601
Volkswagen Jetta LE 4-Dr Sedan $4,591
Dodge Grand Caravan Hero $4,599
Ford Explorer Eddie Bauer 4WD $4,678
Hyundai Elantra Blue 4-Dr Sedan $4,750
Ford Focus SES 4-Dr Sedan $4,759
Toyota Corolla XLE $4,832
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Data based on single female driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Price estimates do not factor in specific garaging location which can increase or decrease coverage prices substantially.

Looking at the numbers, you can expect cars like the Honda Accord, Honda CR-V, and Ford Escape will definitely be a few of the most affordable vehicles to insure for older drivers.

Illustration showing the impact of accidents and violations

One of the best ways to find the best car insurance prices for older drivers is to be an attentive driver and avoid accidents and keep your driving record clean. The illustration below highlights how traffic violations and accidents impact premium costs for each age group. The prices are based on a single female driver, full physical damage coverage, $100 deductibles, and no additional discounts are factored in.

The data above shows the average cost of an auto insurance policy in Philadelphia per year with no violations or accidents is $1,791. Get written up for one speeding ticket and the average cost surges to $2,028, an increase of $237 each year. Next add two accidents along with the one speeding ticket and the annual cost of car insurance for drivers over age 60 goes up to an average of $4,024. That’s an increase of $2,233, or $186 per month, just for being a less-than-perfect driver!

Insuring your vehicle with a highly-rated car insurance provider can be rather challenging considering how many different companies there are to choose from in Philadelphia. The ranking data in the next section could help you decide which auto insurers you want to consider shopping your coverage with. The ratings below are for large nationwide companies, so companies that have a smaller presence are not included in the list.

Top Car Insurance Companies for Drivers Over Age 60 in Pennsylvania
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
The General 96 100 92 91% A- 95
Titan Insurance 87 96 94 93% A+ 92.9
The Hartford 88 96 91 93% A+ 92.6
Progressive 84 94 99 90% A+ 92.4
Travelers 84 93 100 87% A++ 92.3
State Farm 84 93 95 87% A++ 91
Farmers Insurance 87 92 90 85% A 90.6
Erie Insurance 79 93 90 87% A+ 88.6
Safeco Insurance 85 91 87 86% A 88.4
USAA 71 93 98 87% A++ 88
GEICO 73 93 95 85% A++ 87.1
21st Century 85 85 91 89% A 86.9
Liberty Mutual 72 91 97 83% A 86.4
AAA Insurance 85 85 88 86% A 85.8
Nationwide 71 90 93 83% A+ 84.9
Allstate 69 92 92 83% A+ 84.4
American Family 77 96 80 85% A 83.8
Esurance 70 80 89 77% A+ 79.2
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Data Source: Insure.com Best Car Insurance Companies

The illustration below shows how choosing a deductible can raise or lower yearly insurance costs when researching cheap insurance for drivers over age 60. The rate quotes are based on a single female driver, full coverage, and no discounts are taken into consideration.

As shown above, a 40-year-old driver could cut expenses by $354 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $532 by choosing a $1,000 deductible. Younger drivers, like the 20-year-old, could roll back prices $908 annually by choosing a higher deductible.

If you do make the decision to raise your deductibles, it is necessary to have plenty of savings on hand to allow you to cover the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.

What aren’t you shopping around?

Pennsylvania car insurance rates are calculated based on many things which can significantly increase or decrease the policy premium. Simply having a birthday, increasing liability limits, or having an at-fault accident can trigger changes in premium that can cause some rates to be more affordable than before.

Also, insurance companies change prices as needed to reflect underwriting profits or losses. Higher than usual claims may cause rate increases, while less frequent claims may produce cheaper Philadelphia car insurance rates.

To illustrate this point, the bar chart below shows the companies that have the cheapest car insurance in Philadelphia, PA for a 45-year-old female driver with a good driving record, no prior claims, and a high credit rating. If we look at prices based on her current risk factors, General Casualty may have the best car insurance rates in Philadelphia at $1,633 per year. This is $24 less than the average rate paid by Pennsylvania drivers of $1,657. Travelers, USAA, Erie, and Penn National are the remaining cheapest Philadelphia, PA auto insurance companies.

In the next rate comparison, we’ll give the driver from the first example a chargeable claim, bad credit, and a few traffic violations. Since each auto insurer uses their own formula for establishing rates, comparing quotes may now result in a slightly different list of the cheapest Philadelphia car insurance companies as shown below.

Amica now has the cheapest price in Philadelphia, PA with Atlantic States, Donegal Mutual, Penn National, and GEICO now rounding out the top five. This example illustrates why consumers need to take the time to compare rates to get the most affordable insurance rates for drivers over age 60.

Auto insurance prices are impacted by many risk factors and can change substantially, so the most affordable company the last time you checked may now be an over-priced policy.