Trying to find cheap insurance is easier said than done, and deciding which company quotes the best car insurance rates for drivers with good credit calls for even more rate comparisons. Every insurance company has a proprietary method for determining rates, so we need to take a look at the car insurance companies with the overall cheapest rates in Philadelphia.
Best Car Insurance Prices for High Credit
|Rank||Company||Cost Per Year|
|17||Mutual Benefit Group||$1,439|
|View More Rates Go|
General Casualty quotes some of the cheapest car insurance rates in Philadelphia at around $726 annually. USAA, Travelers, Erie, and Penn National also rank well as some of the best Philadelphia, PA insurance companies.
As depicted above, if you buy coverage from USAA and switched to General Casualty, you might achieve yearly savings of about $59. Policyholders with Travelers may save as much as $61 a year, and Erie policyholders might reduce rates by $74 a year.
These premium estimates are averaged across all insureds and vehicles and are not factoring in a specific location for drivers with good credit. So the insurer that has the cheapest price for you may not even be in the list above. That affirms the importance of why you need to compare as many prices as possible using your own driver and vehicle profiles.
The car, truck, or SUV you are insuring is probably the most important factor that determines the availability of cheaper car insurance for drivers with good credit. Vehicles with reasonable performance levels, a great safety record, or a track record of few liability claims will cost much less to insure than adrenaline junky models.
The list below showcases insurance costs for a number of the most cost-effective automobiles to insure in Pennsylvania.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Ford Explorer XLT 2WD||$4,207|
|Ford Escape XLS 4WD||$4,247|
|Ford F-150 XLT Super Cab 4WD||$4,290|
|Honda CR-V EX 4WD||$4,360|
|Chevrolet Malibu Hybrid||$4,448|
|Chevrolet Impala LT||$4,453|
|Dodge Grand Caravan SXT||$4,531|
|Toyota Camry SE||$4,688|
|Volkswagen Jetta SEL 4-Dr Sedan||$4,771|
|Jeep Grand Cherokee SRT-8 4WD||$4,779|
|Ford Edge SEL AWD||$4,775|
|Chevrolet Silverado 3500HD LTZ Crew Cab 2WD||$4,941|
|Toyota Tacoma Double Cab 4WD||$4,968|
|Ford Fusion S 4-Dr Sedan||$5,011|
|Toyota RAV4 Limited 4WD||$5,019|
|Honda Accord EX-L 2-Dr Coupe||$5,094|
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Price information does not factor in your specific Philadelphia, PA location which can impact prices noticeably.
Based upon the rates shown, vehicles like the Ford Explorer, Ford Escape, Ford F-150, and Honda CR-V are likely to be some of the more affordable vehicles to insure for financially responsible drivers.
Get discounts on Philadelphia car insurance
Auto insurance companies that sell policies for drivers with good credit could also offer rate discounts that can reduce rates by as much as 35% or more if you qualify for them. The best car insurance companies and a selection of discounts can be found below.
- American Family has savings for accident-free, good student, good driver, defensive driver, and Steer into Savings.
- Nationwide policyholders can earn discounts including anti-theft, accident-free, Farm Bureau membership, good student, family plan, and defensive driving.
- MetLife offers premium reductions for multi-policy, good driver, claim-free, accident-free, good student, defensive driver
- 21st Century includes discounts for early bird, 55 and older, theft prevention, good student, and anti-lock brakes.
- Farmers Insurance may offer discounts for alternative fuel, multi-car, teen driver, business and professional, distant student, electronic funds transfer, and pay in full.
- Allstate may include discounts for premier plus, safe driver, senior citizen, anti-lock brakes, and utility vehicle.
The diagram below shows the difference between yearly insurance costs with and without some available policy discounts. Data assumes a male driver, no claims or driving citations, Pennsylvania state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with safe-driver, multiple policy, homeowner, anti-theft, accident-free, and vehicle safety discounts applied. When these discounts are applied, the average amount saved each year on car insurance for drivers with good credit is 28% or $386.
The example below illustrates how choosing a deductible can influence insurance prices when quoting cheap insurance for drivers with good credit. The price estimates are based on a married male driver, comprehensive and collision coverage, and no other discounts are factored in.
As shown above, a 40-year-old driver could save $308 a year by increasing from a $100 deductible to a $500 deductible, or save $466 by changing to a $1,000 deductible. Even younger insureds, like the Age 20 chart data, could reduce their rates $1,042 every year by choosing a higher deductible.
When raising deductibles, it is important to have enough savings to offset the extra out-of-pocket expense associated with higher deductibles.
Last year’s bargain might be this year’s rip off
Philadelphia, PA car insurance rates are determined by lots of factors that will increase or decrease the cost of your policy. Simply turning a year older, filing a claim, or having a fender bender may generate price changes resulting in some rates now being more affordable than others. Not only may your risk profile change, but companies file new Pennsylvania auto insurance rates at least once a year as an adjustment for underwriting gains or losses. Unexpectedly high claims can cause high rates, while profitable underwriting can cause lower-cost Philadelphia car insurance rates.
The data below shows which company has the cheapest car insurance in Philadelphia, PA for a 35-year-old male driver with no prior claims, no tickets, and great credit. If we compare prices based on his personal risk profile, General Casualty may have the most affordable car insurance rates in Philadelphia at $1,585 a year. This is $72 less than the average policy premium paid by Pennsylvania drivers of $1,657. Erie, Travelers, USAA, and Penn National also make the list of the most affordable Philadelphia, PA auto insurance companies.
The example below compares rates after we give the driver from above a chargeable claim, less-than-perfect credit, and a stop sign violation. Due to the fact that every auto insurer has a different formula for determining rates, comparing rates may result in a different list of the cheapest Philadelphia car insurance companies as shown below.
Amica now has the best price in Philadelphia with Atlantic States, Donegal Mutual, USAA, and Penn National also having competitive pricing. This illustrates why it is so important to compare lots of rates when trying to get the lowest insurance rates for drivers with good credit. Insurance rates can be determined by many things and can decrease or increase without notice, so the most economical company the last time you shopped around may now not even be in the top five.
How to find more affordable insurance for drivers with good credit
The list below details some of the better penny-pinching solutions that can help drivers get low-cost car insurance.
- Accident-free drivers may qualify for discounts
- Insure your home and auto with the same company
- Higher credit scores can equal lower rates
- Drop full coverage on older vehicles
- Safer vehicles generally have cheaper insurance rates
- Shop around once a year for cheaper rates
That last idea is certainly necessary, as was affirmed in the article above. Auto insurance prices fluctuate considerably, so drivers shouldn’t be reluctant to buy from a new company if a lower price can be found. Loyalty to a specific company is fine, but it’s not recommended if that devotion results in you overpaying major coinage every year. If you have a few minutes, compare rates and find cheaper insurance for drivers with good credit in Philadelphia.
The agents listed below are a good start to help you determine which auto insurance coverages would be the best in your situation, as lots of drivers aren’t clear which coverage they need and would like to have a professional recommendation when trying to find the best insurance rates for financially responsible drivers. It’s not always simple to find the cheapest rates, so getting professional guidance from a licensed agent can add satisfaction knowing your coverage gives you adequate coverage when you need it most.
To locate an agency by location nearest to you, click the button after the list.
Dave Penning – State Farm Insurance Agent
2962 Robbins Ave – Philadelphia, PA 19149 – (215) 537-8050
Sharon Owens – State Farm Insurance Agent
7034 Frankford Ave – Philadelphia, PA 19135 – (215) 333-5544
Craig Alleyne – State Farm Insurance Agent
6335 Wayne Avenue – Philadelphia, PA 19144 – (215) 438-8440
John Nicolucci – State Farm Insurance Agent
6001 Ridge Ave – Philadelphia, PA 19128 – (215) 482-7000