What Car Insurance is Cheapest for Homeowners in Philadelphia?

You have surely seen all the catchy commercials from companies like Nationwide, Progressive, and GEICO promising big savings, so drivers should just choose the one with the most memorable commercial, right?

Unfortunately, it’s just not that easy, as there are a lot of unknowns like where you live in Philadelphia, what coverage limits you want, if you own your own home, and if you want full coverage included, that all influence how much you pay for auto insurance. We will try to teach you about the things that cause high insurance rates and will hopefully give you a good start in finding the cheapest car insurance in Pennsylvania.

One of the many criteria that determine auto insurance rates is where your residence is in Philadelphia. Areas with more people or even just a higher incidence of claims will most likely have higher rates, whereas areas that tend to be more rural benefit from lower prices.

The information below ranks the priciest cities in Pennsylvania for homeowners to purchase car insurance in. Philadelphia is ranked at #1 with an annual cost of $1,997 for the average insurance policy, which is around $166 per month.

How much is auto insurance in Philadelphia, PA?
Rank City Premium Per Year
1 Philadelphia $1,997
2 Drexel Hill $1,549
3 Chester $1,435
4 Levittown $1,407
5 Norristown $1,320
6 Erie $1,115
7 Allentown $1,108
8 Municipality of Monr $1,091
9 Bethlehem $1,077
10 Easton $1,069
11 Reading $1,066
12 Pittsburgh $1,063
13 Wilkes-Barre $1,047
14 Plum $1,047
15 Hazleton $1,046
16 New Castle $1,046
17 Scranton $1,039
18 Altoona $1,032
19 Harrisburg $1,015
20 Bethel Park $1,009
21 Williamsport $996
22 Lancaster $975
23 Lebanon $932
24 York $926
25 State College $878
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Rates are comparative as specific location information can modify prices noticeably.

The make and model of vehicle you are trying to insure is one of the largest factors when consumers are trying to find cheaper insurance for homeowners. Vehicles with average performance, modern passenger safety features, or a low likelihood of liability claims will cost less to insure than higher performance models.

The data below showcases auto insurance rates for some of the cheapest vehicles to insure.

Cheapest Vehicles to Insure in Philadelphia, PA
Make and Model Estimated Cost for Full Coverage
Hyundai Elantra GLS Touring Station Wagon $3,762
Ford Escape XLT 2WD $3,772
Honda CR-V LX 2WD $3,762
Toyota Prius $4,168
Ford Explorer XLT 4WD $4,207
Ford Edge Limited 2WD $4,365
Chevrolet Impala LS $4,374
Volkswagen Jetta S 2.5 Station Wagon $4,474
Dodge Grand Caravan Crew $4,531
Ford Focus SES 4-Dr Sedan $4,605
Hyundai Sonata GLS 4-Dr Sedan $4,771
GMC Sierra SLE Extended Cab 4WD $4,776
Honda Odyssey EX $4,775
Toyota Tacoma 2WD $4,782
Toyota RAV4 Sport 2WD $4,872
Chevrolet Equinox LS 2WD $4,879
Nissan Altima 2.5 S 2-Dr Coupe $5,094
Chevrolet Silverado LS Crew Cab 2WD $5,100
Toyota Camry XLE $5,138
Toyota Corolla XLE $5,145
Dodge Ram 3500 Mega Cab SLT 2WD $5,182
Chevrolet Silverado 3500HD LTZ Crew Cab Diesel 2WD $5,189
Chevrolet Malibu LTZ $5,234
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Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Price estimates do not factor in vehicle location which can decrease or increase auto insurance rates considerably.

Based on these rates, vehicles like the Hyundai Elantra, Ford Escape, Honda CR-V, Toyota Prius, and Ford Explorer will definitely be some of the cheaper vehicles to insure for people who own their homes.

Comparing rates for budget car insurance is tough enough, and finding out which companies offer the lowest-priced auto insurance rates for homeowners will take even more diligence. Each insurer has a different formula to set policy rates, so let’s begin by examining the auto insurance companies with the overall cheapest rates in Pennsylvania.

We do need to point out that Philadelphia auto insurance rates are calculated based on many things which can substantially decrease or increase the price you have to pay. This price variation is why it is so important to compare many different companies to find the lowest auto insurance quotes for homeowners. Prices can be determined by many factors and change substantially, so the best option the last time you checked may now be quite expensive.

Cheap Insurance Rates for Homeowners

Compare Rates and Save

Cheapest insurance companies in Pennsylvania
Rank Company Cost Per Year
1 General Casualty $748
2 Travelers $803
3 Penn National $808
4 USAA $809
5 Erie $824
6 Amica $982
7 Auto-Owners $993
8 Atlantic States $1,005
9 Donegal Mutual $1,102
10 Allied $1,144
11 GEICO $1,157
12 State Farm $1,174
13 California Casualty $1,222
14 State Auto $1,267
15 Encompass $1,398
16 Nationwide $1,433
17 Harleysville $1,452
18 Mutual Benefit Group $1,454
19 Progressive $1,472
20 Chubb $1,583
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General Casualty may offer some of the lowest car insurance rates in Philadelphia at around $748 a year. This is $909 less than the average rate paid by Pennsylvania drivers of $1,657. Travelers, Penn National, USAA, and Erie also make the cut as some of the more affordable Philadelphia, PA insurance companies.

As the rates illustrate above, if you currently have a policy with Penn National and switched to General Casualty, you could realize a yearly price reduction of in the neighborhood of $60. Pennsylvania drivers with USAA could save as much as $61 a year, and Erie insureds might lower prices by $76 a year.

Remember that these rates are averages for all types of drivers and the different vehicles they drive and do not take into consideration a specific zip code for homeowners. So the car insurance company that is best for you may not even be in the top 30 companies in the list above. That underscores the importance of why you need to get auto insurance quotes using your own specific driver and vehicle information.

Discount Philadelphia car insurance

Save on auto insurance for people who own their homes in PhiladelphiaInsurance companies that offer coverage for homeowners may also offer special discounts that could reduce prices by 35% or more if you meet eligibility requirements. Larger auto insurance companies and a selection of discounts are:

The chart below shows the comparison of car insurance costs with and without some available policy discounts. The premium estimates are based on a male driver, no tickets, no at-fault accidents, Pennsylvania state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with claim-free, marriage, multiple policy, safe-driver, vehicle safety, and homeowner discounts applied. When taking advantage of discounts, the average amount saved each year on auto insurance for homeowners is 28% or $522.

How accidents and tickets impact rates

The common sense way to earn the cheapest auto insurance rates in Philadelphia for people who own their homes is to pay attention while driving and avoid traffic citations and accidents. The illustration below highlights how speeding tickets and fender-benders can affect auto insurance rates for different age groups. The prices are based on a married male driver, full coverage, $1,000 deductibles, and no discounts are applied to the premium.

In the prior example, the average cost of car insurance in Philadelphia per year with a clean driving record and no accidents is $1,588. Receive two speeding tickets and the average cost hikes up to $2,181, an increase of $593 each year. Then add two accidents along with the two speeding tickets and the annual cost of auto insurance for homeowners goes up to an average of $4,645. That’s an increase of $3,057, or $255 per month, just for a couple of infractions!

Ideas for finding low-cost car insurance for homeowners

Below you’ll find some thrifty suggestions that can help drivers get low-cost car insurance.

The last suggestion is remarkably necessary, as we pointed out in this piece. Coverage rates fluctuate considerably, so don’t be hesitant to buy from a different company if you can find a cheaper rate.

Brand loyalty is great, but we do not recommend it if that stubbornness costs you major coinage every year. Take a couple minutes and compare prices and find cheaper car insurance for homeowners in Philadelphia.

The insurance agencies below are a good start to help you make a decision which auto insurance policy would work best for you, since many consumers aren’t sure which coverage to buy and prefer to have the advice of a professional agent when comparing insurance rates for people who own their homes. It can be hard to find the best coverage yourself, so getting professional guidance from a licensed agent can add peace of mind knowing your coverage gives you enough coverage if you have a claim.

To find a Philadelphia insurance agent using an interactive map, click the link at the bottom.

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