Wouldn’t it be excellent if we could just tell you the one perfect company that has the lowest rates for used cars? It’s not that easy, however, as there are a whole bunch of unknown elements like if you own your own home, what deductibles to use for physical damage coverage, how well you maintain your credit, and the type of vehicle you drive, that all have an effect on the price. The information below will cover these things and will hopefully give you a good beginning to your quest for cheaper car insurance in Philadelphia.
The make and model of vehicle requiring insurance is probably the biggest factor when trying to find low-cost car insurance for used cars. Vehicles with limited speed and performance, a plethora of safety features, or a low likelihood of having liability claims will cost quite a bit less to insure than fast, unsafe models. The information below outlines insurance rates for a number of the most budget-friendly automobiles to buy insurance for.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Toyota Prius | $4,416 |
| Honda CR-V EX 2WD | $4,502 |
| Ford Escape XLT 4WD | $4,623 |
| Ford Focus S 4-Dr Sedan | $4,632 |
| Chevrolet Malibu LS | $4,718 |
| Hyundai Elantra SE Touring Station Wagon | $4,754 |
| Ford F-150 STX Super Cab 4WD | $4,988 |
| Jeep Grand Cherokee SRT-8 4WD | $5,064 |
| Volkswagen Jetta SE 4-Dr Sedan | $5,070 |
| Honda Odyssey EX | $5,064 |
| GMC Sierra SLE Crew Cab 4WD | $5,074 |
| Chevrolet Equinox LTZ 2WD | $5,064 |
| GMC Sierra 2500HD SLE Extended Cab 4WD | $5,074 |
| Ford Explorer XLT 4WD | $5,078 |
| Dodge Grand Caravan SE | $5,087 |
| Chevrolet Impala LS | $5,204 |
| Honda Civic SI 4-Dr Sedan | $5,226 |
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Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Rate quotes do not factor in vehicle garaging location which can revise rates noticeably.
Based upon these rates, you can see that makes and models like the Toyota Prius, Honda CR-V, and Ford Escape are going to be a few of the most economical vehicles to insure for pre-owned vehicles.
For pre-owned vehicles, one of the big considerations that help determine the amount you pay for auto insurance is where you live. Regions with more people or even just more weather-related claims are more likely to pay higher prices, whereas areas that tend to be more rural benefit from lower prices.
The information below shows the highest-priced places in Pennsylvania for used cars in which to buy car insurance. Philadelphia is ranked at #1 having an annual price of $2,037 on average, which is approximately $170 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Philadelphia | $2,037 |
| 2 | Drexel Hill | $1,549 |
| 3 | Chester | $1,393 |
| 4 | Levittown | $1,365 |
| 5 | Norristown | $1,307 |
| 6 | Allentown | $1,141 |
| 7 | Easton | $1,102 |
| 8 | Wilkes-Barre | $1,089 |
| 9 | Pittsburgh | $1,085 |
| 10 | Erie | $1,082 |
| 11 | Scranton | $1,081 |
| 12 | Reading | $1,077 |
| 13 | Municipality of Monr | $1,059 |
| 14 | New Castle | $1,057 |
| 15 | Hazleton | $1,056 |
| 16 | Plum | $1,047 |
| 17 | Bethlehem | $1,045 |
| 18 | Harrisburg | $1,025 |
| 19 | Altoona | $1,012 |
| 20 | Bethel Park | $1,009 |
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Annual rates are comparative as the specific zip code location can decrease or increase prices substantially.
Finding the top car insurance provider can be a challenge considering how many companies sell insurance in Philadelphia. The ranking information in the lists below can help you analyze which auto insurance companies you want to consider to insure your vehicles. These rankings are only comprised of companies with a nationwide focus, so companies without a large exposure are not taken into consideration for these rankings.
Top 10 Large Auto Insurers Overall in Philadelphia
- The General
- Titan Insurance
- The Hartford
- Progressive
- Travelers
- State Farm
- Farmers Insurance
- Erie Insurance
- Safeco Insurance
- USAA
Get discounts on Philadelphia car insurance rates
Car insurance companies that provide policies for used cars may also give you price discounts that can reduce rates by as much as 35% or more if you are eligible for them. Larger insurance companies and a summarized list of policyholder discounts include:
- State Farm may have discounts that include driver’s education, safe vehicle, Drive Safe & Save, good driver, and Steer Clear safe driver discount.
- Farmers Insurance has discounts for multi-car, mature driver, good student, bundle discounts, youthful driver, early shopping, and business and professional.
- GEICO offers discounts including emergency military deployment, federal employee, air bags, anti-theft, defensive driver, multi-vehicle, and membership and employees.
- American Family may include discounts for accident-free, good driver, early bird, mySafetyValet, air bags, and multi-vehicle.
- Nationwide has savings for business or organization, Farm Bureau membership, family plan, anti-theft, accident-free, good student, and defensive driving.
- Progressive discounts include continuous coverage, multi-policy, online signing, online quote discount, good student, and multi-vehicle.
The example below shows the difference between insurance prices with and without policy discounts. Data assumes a female driver, no accidents, no driving violations, Pennsylvania state minimum liability limits, full physical damage coverage, and $250 deductibles.
The first bar for each age group shows the average rate with no discounts. The second shows the rates with claim-free, defensive driving course, marriage, safe-driver, accident-free, and vehicle safety discounts applied. When these discounts are applied, the average amount saved each year on insurance for used cars is 28% or $455.
Why you are probably overpaying for car insurance
Philadelphia, PA insurance rates are determined by lots of factors that will increase or decrease the policy premium. Improving your credit rating, moving to a new city, or having an at-fault accident may generate price changes resulting in some rates now being more affordable than the competition.
Also, auto insurance companies modify pricing as often as every quarter to ensure their profitability. Higher than normal claims may result in price increases, while long-term profits may result in lower-priced Philadelphia car insurance rates.
The chart below shows rates for the cheapest car insurance in Philadelphia, PA for a 45-year-old male driver with a good driving record, no prior claims, and excellent credit. If we estimate rates based on his personal profile, General Casualty offers the best car insurance rates in Philadelphia at $1,666 annually. This is $9 more than the average price paid by Pennsylvania drivers of $1,657. USAA, Erie, Travelers, and Penn National are the remainder of the cheapest Philadelphia, PA auto insurance companies.
In this example, we will give the driver from above a claim, a little lower credit rating, and a blemish on his driving record. Since every car insurance company has their own guidelines for setting prices, analyzing rates most likely will result in a significantly different list of affordable companies as shown below.
Auto-Owners now has the cheapest rate in Philadelphia with Atlantic States, Donegal Mutual, USAA, and Erie completing the list. This example illustrates why it is critical to spend some time comparing rates when trying to find the cheapest auto insurance quotes for used cars.
Car insurance prices are impacted by many risk factors and change frequently, so the most economical company when you last compared rates may now be one of the more expensive options.
Tips to find cheaper car insurance for used cars
The list below summarizes some of the better money-saving suggestions that can help Philadelphia drivers find cheaper coverage.
- Do not pay for full coverage if not needed
- Multi-policy discounts save money
- At-fault accidents will increase rates
- Claim-free policyholders usually earn a discount
- Buy vehicles with good safety ratings
- Keep your driving record clean
- Compare prices frequently to find the best deal
The last idea is especially necessary, as was noted in the article above. Car insurance rates can change in a short period of time, so don’t hesitate to buy from a different company if a cheaper price is available.
Brand loyalty is great, but it’s not a great idea if that loyalty results in overpaying big bucks every year. Take a couple minutes and shop around and find cheaper insurance for used cars in Philadelphia.
If you have coverage questions and would like to have a consultation when buying car insurance for pre-owned vehicles, the insurance agencies below can help you decide which insurance coverage you need. To locate a Philadelphia auto insurance agent close to you, click the button below the list or click here to get price quotes now.
- Accu Insurance Agency
7010 Elmwood Ave – Philadelphia, PA 19142 – (215) 726-0270 - Terra Insurance Services
1879 Cottman Ave – Philadelphia, PA 19111 – (215) 742-3743 - Paul Hoffman – State Farm Insurance Agent
2655 S 12th St – Philadelphia, PA 19148 – (215) 389-4737 - State Farm – Adam Hutcheon
1436 Fairmount Ave – Philadelphia, PA 19130 – (215) 765-2686 - Savage Insurance Agency LLC
300 W Cheltenham Ave – Philadelphia, PA 19126 – (215) 224-4890