Deciding which companies offer the cheapest car insurance rates for retired military involves a little more sweat than just comparing a company or two.
Every car insurance company has a different process to set premium rates, so let’s take a look at the car insurance companies with the overall best prices in Philadelphia, PA. We do need to point out that Philadelphia, PA car insurance rates are influenced by many factors which can substantially change the price you pay. Simply having another birthday, having a teenage driver, or having an accident may generate price changes resulting in some rates now being cheaper than before.
Find Cheaper Car Insurance for Vets
|Rank||Company||Cost Per Year|
|17||Mutual Benefit Group||$1,411|
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General Casualty may have some of the best car insurance rates in Philadelphia at around $748 per year. This is $909 less than the average premium paid by Pennsylvania drivers of $1,657. Travelers, Erie, USAA, and Penn National would also be considered some of the cheaper Philadelphia, PA auto insurance companies.
In the rate table above, if you are currently insured with Erie and switched to General Casualty, you may see a yearly savings of in the neighborhood of $52. Policyholders with USAA may save as much as $61 a year, and Penn National customers might see rate reductions of $92 a year.
Remember that these policy rates are averaged across all drivers and vehicles and are not factoring in an exact location for retired military. So the company that has the lowest price for you may not even be in the top 30 companies in the list above. That is why you need to get car insurance quotes using your own driver information and specific vehicle type.
For veterans, one of the more important factors that help determine car insurance rates is your zip code in Philadelphia. Larger areas will most likely pay more, whereas areas with less people or fewer weather incidents benefit from lower rates.
The following table rates the most expensive places in Pennsylvania for retired military to purchase car insurance in. Philadelphia is ranked #1 with an annual cost of $1,977 for the average policyholder, which is around $165 per month.
|Rank||City||Premium Per Year|
|12||Municipality of Monr||$1,049|
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Information shown are comparative as specific Philadelphia garaging address can decrease or increase prices noticeably.
The vehicle requiring coverage is one of the biggest factors in finding the best cheap coverage for retired military. Vehicles with higher performance, a lack of advanced safety features, or a high likelihood of having liability claims will cost quite a bit more to insure than more economical and safe models. The next list showcases coverage premiums for a selection of the cheaper vehicles to insure in Pennsylvania.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$4,069|
|Hyundai Elantra GLS Touring Station Wagon||$4,074|
|Honda CR-V EX-L 4WD||$4,159|
|Honda Accord EX 4-Dr Sedan||$4,455|
|Toyota RAV4 4WD||$4,810|
|Volkswagen Jetta S 4-Dr Sedan||$4,818|
|Toyota Camry LE||$4,810|
|Ford F-150 XL Crew Cab 4WD||$5,091|
|Nissan Altima Hybrid 4-Dr Sedan||$5,164|
|Toyota Tacoma 2WD||$5,173|
|Chevrolet Equinox LT 2WD||$5,278|
|Ford Edge Limited 2WD||$5,305|
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Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Estimates do not factor in specific zip code location which can alter coverage prices considerably.
Based upon these rates, vehicles like the Ford Escape, Hyundai Elantra, Honda CR-V, Honda Accord, and Toyota RAV4 will be a few of the most budget-friendly vehicles to insure for veterans.
Get discount Philadelphia car insurance rates
Insurance companies that offer quotes for retired military may additionally offer discounts that could potentially reduce rates by 25% or more if you meet specific criteria. A few popular companies and a partial list of their discounts can be read below.
- Progressive has savings for continuous coverage, multi-vehicle, homeowner, online signing, online quote discount, and multi-policy.
- GEICO offers discounts including daytime running lights, five-year accident-free, air bags, membership and employees, and anti-theft.
- State Farm may offer discounts for passive restraint, student away at school, Steer Clear safe driver discount, driver’s education, and safe vehicle.
- Esurance may have discounts that include DriveSense, good driver, multi-policy, emergency road assistance, and online shopper.
- The Hartford policyholders can earn discounts including driver training, defensive driver, vehicle fuel type, bundle, and anti-theft.
The information below illustrates the comparison of insurance costs with and without some available policy discounts. The costs are based on a female driver, no tickets, no at-fault accidents, Pennsylvania state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with safe-driver, vehicle safety, homeowner, multiple policy, passive restraint, and claim-free discounts applied. With discounts applied, the average amount saved each year on car insurance for retired military is 28% or $411.
Ratings for Philadelphia car insurance companies
Buying coverage from the highest-rated company can be challenging considering how many different companies sell coverage in Pennsylvania. The information below could help you choose which providers to look at when shopping insurance around for retired military.
The rankings below include large insurance companies, so companies that may only write in Pennsylvania are not taken into consideration for these rankings. If you’d like to compare prices and find cheaper insurance for retired military, click this link.
Top 10 Major Auto Insurers in Philadelphia Ranked by Customer Satisfaction
- Titan Insurance – 93%
- The Hartford – 93%
- The General – 91%
- Progressive – 90%
- 21st Century – 89%
- USAA – 87%
- Erie Insurance – 87%
- State Farm – 87%
- Travelers – 87%
- Safeco Insurance – 86%
Top 10 Major Auto Insurers in Philadelphia Ranked by Customer Service
- Titan Insurance
- The Hartford
- American Family
- State Farm
- Erie Insurance
Who has the cheapest Philadelphia car insurance?
Philadelphia car insurance rates are impacted by many factors that may substantially change the price you pay. Turning one year older, moving to a new city, or having an accident can trigger rate changes resulting in some rates now being affordable when they were higher priced.
Not only may your situation change, but insurance companies file new Pennsylvania car insurance rates multiple times each year in order to remain profitable. Unexpectedly high claims may result in price increases, while less frequent claims can result in lower-cost Philadelphia car insurance rates.
To illustrate this point, the bar chart below shows a variety of companies that have the cheapest car insurance in Philadelphia, PA for a 45-year-old male driver with a good driving record, no prior claims, and a high credit rating. When quoting prices based on his current risk factors, General Casualty quotes the best car insurance rates in Philadelphia at $1,649 each year. This is $8 less than the average rate paid by Pennsylvania drivers of $1,657. Travelers, Erie, Penn National, and USAA are the rest of the most affordable Philadelphia, PA auto insurance companies.
Let’s now give the driver from the above example a claim or two, a lower credit rating, and a few traffic violations. Since every insurance provider has a proprietary method to set policy rates, comparing prices may result in a different set of affordable Philadelphia car insurance companies as shown below.
Atlantic States now has the lowest price on auto insurance in Philadelphia with Amica, Travelers, Donegal Mutual, and USAA now rounding out the top five. This example demonstrates why it is so important to compare lots of rates when trying to find the best auto insurance quotes for retired military.
Insurance prices are calculated by many things and can decrease or increase without notice, so the lowest-price company two years ago may now be one of the more expensive options.
How to find economical auto insurance for retired military
The list below summarizes some of the recommended penny-pinching ideas that can help drivers quote lower-cost coverage.
- Raise your physical damage coverage deductibles
- Buy vehicles with good safety ratings
- Don’t waste money on full coverage for older vehicles
- If possible, do not file small claims
- Save money by bundling your home and auto policies
- Better credit rating means better rates
- Shop around for cheaper prices often
That last tip is particularly crucial, as was pointed out in the prior information. Car insurance prices change constantly, so drivers shouldn’t be resistant to change to a new company if you find a cheaper price.
Having brand loyalty is commendable, but is isn’t recommended if that devotion results in you overpaying hundreds every year. In less than five minutes you could shop around and find cheaper car insurance for retired military in Philadelphia.
If you aren’t sure which coverage you need and prefer to get some help when buying car insurance for veterans, the professional agents shown below can probably help you make a decision which auto insurance policy would work best for you. To locate a Philadelphia insurance agent close to where you live, click the button following the list or click here to get price quotes now.
HandM Insurance Agency
5829 Rising Sun Ave – Philadelphia, PA 19120 – (215) 745-8001
Brian Madalion – State Farm Insurance Agent
7208 Ogontz Ave – Philadelphia, PA 19138 – (215) 549-4900
Craig Alleyne – State Farm Insurance Agent
6335 Wayne Avenue – Philadelphia, PA 19144 – (215) 438-8440
Savage Insurance Agency LLC
300 W Cheltenham Ave – Philadelphia, PA 19126 – (215) 224-4890
Les Moore – State Farm Insurance Agent
6750 N 5th St – Philadelphia, PA 19126 – (215) 224-4400