Wish you could get a refund on an overpriced car insurance policy? Trust us when we tell you you’re not alone.
It’s well known that insurance companies don’t want policyholders to compare prices from other companies. Drivers who shop around annually are highly likely to move their business because there is a high probability of finding discount prices. A recent survey revealed that drivers who regularly shopped around saved over $865 a year compared to drivers who didn’t regularly shop around.
If finding the lowest price for auto insurance in Philadelphia is the reason you’re reading this, then understanding how to quote prices and compare coverages can make it easier for you to save money. Consumers have so many auto insurance companies to purchase coverage from, and although it’s a good thing to be able to choose, it can be more challenging to find the lowest rates for Buick Regal insurance in Philadelphia.
The purpose of this article is to help you learn how insurance works and also pocket some savings If you have auto insurance now, you will most likely be able to find the best rates using the ideas you’re about to read. Drivers just have to know the proper way to buy auto insurance online.
Affordable companies for Buick Regal insurance in Pennsylvania
The companies in the list below have been selected to offer quotes in Philadelphia, PA. If multiple providers are shown, it’s a good idea that you compare several of them to get the best price comparison.
Do you qualify for discounts on Buick Regal insurance in Philadelphia?
Some insurance providers do not advertise every discount in a way that’s easy to find, so below is a list some of the more common and also the lesser-known discounts that you may qualify for.
- Drivers Ed for Students – It’s a good idea to have your young drivers participate in a local driver’s education class as it can save substantially.
- Home Ownership Discount – Simply owning a home can save you money because maintaining a house demonstrates responsibility.
- ABS Brakes – Cars and trucks that have steering control and anti-lock brakes can stop better under adverse conditions and qualify for as much as a 10% discount.
- Good Students Pay Less – Excelling in school can earn a discount of 20% or more. Earning this discount can benefit you up to age 25.
- Drive Less and Save – Driving less may enable drivers to earn discounted prices on garaged vehicles.
Discounts lower rates, but most discount credits are not given to all coverage premiums. Some only reduce specific coverage prices like liability and collision coverage. So even though you would think you would end up receiving a 100% discount, companies don’t profit that way.
To locate providers with significant discounts in Philadelphia, click here.
Comparing rates from local Philadelphia car insurance agents
A lot of people just prefer to visit with an insurance agent and doing so can bring peace of mind Licensed agents can help you build your policy and help in the event of a claim. A good thing about comparing auto insurance online is you may find lower car insurance rates but still work with a licensed agent. Buying insurance from neighborhood agents is definitely important in Philadelphia.
After filling out this quick form, your information is sent to companies in Philadelphia who will return price quotes to get your business. You never need to even leave your home since rate quotes are delivered to the email address you provide. If for some reason you want to get a price quote for a specific company, you would need to jump over to their website and give them your coverage information.
The type of auto insurance agent you choose is important
When searching for local Philadelphia agents, it helps to know the two different agency structures and how they can quote your rates. Insurance agencies in Philadelphia are categorized either exclusive or independent (non-exclusive). Both types of agents can write auto insurance policies, but it’s a good idea to understand how they are different since it can affect the kind of agent you use.
Independent Auto Insurance Agents
Independent agents can sell policies from many different companies so they can write business through lots of different companies and get you the best rates possible. If prices rise, they simply move the coverage in-house without you having to go to a different agency.
If you are comparing rate quotes, we recommend you include price quotes from a couple of independent agencies for the best price selection.
Featured below are independent insurance agents in Philadelphia that may be able to give you price quote information.
Rexach Insurance Agency
2932 N 5th St – Philadelphia, PA 19133 – (215) 229-6320 – View Map
Exclusive Auto Insurance Agencies
These agents are contracted to one company and examples are AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agents cannot place coverage with different providers so you need to shop around if the rates are high. Exclusive insurance agents are usually quite knowledgeable on their company’s products which helps offset the inability to provide other markets.
The following is a list of exclusive insurance agencies in Philadelphia that are able to give price quotes.
Jack Stabler – State Farm Insurance Agent
6726 Torresdale Ave – Philadelphia, PA 19135 – (215) 331-4300 – View Map
Picking a auto insurance agent requires more thought than just the quoted price. Ask your prospective agent these questions:
- Are they in the agency full-time?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- How long has the business existed?
- Can glass repairs be made at your home?
- Do the companies they represent have a solid financial rating?
- By raising physical damage deductibles, how much would you save?
Coverages available on your policy
Learning about specific coverages of a car insurance policy can be of help when determining which coverages you need for your vehicles. The coverage terms in a policy can be confusing and coverage can change by endorsement. Below you’ll find typical coverage types found on most car insurance policies.
Collision coverage will pay to fix damage to your Regal caused by collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against things such as sustaining damage from a pot hole, colliding with a tree, driving through your garage door and scraping a guard rail. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to increase the deductible on your Regal to get cheaper collision coverage.
Your UM/UIM coverage provides protection from other motorists when they either have no liability insurance or not enough. It can pay for hospital bills for your injuries as well as your vehicle’s damage.
Since a lot of drivers carry very low liability coverage limits (Pennsylvania limits are 15/30/5), it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Usually these coverages are identical to your policy’s liability coverage.
Liability coverage provides protection from damages or injuries you inflict on other’s property or people that is your fault. It protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 15/30/5 that translate to a limit of $15,000 per injured person, a limit of $30,000 in injury protection per accident, and a limit of $5,000 paid for damaged property. Alternatively, you may have a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.
Liability insurance covers claims such as loss of income, medical expenses and legal defense fees. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as large an amount as possible. Pennsylvania requires drivers to carry at least 15/30/5 but you should consider buying more liability than the minimum.
The illustration below demonstrates why the minimum limit may not provide adequate coverage.
Comprehensive or Other Than Collision
Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for claims such as falling objects, hail damage, hitting a bird and rock chips in glass. The maximum payout your car insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.
Medical costs insurance
Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses like funeral costs, ambulance fees and surgery. They are utilized in addition to your health insurance plan or if you are not covered by health insurance. They cover you and your occupants in addition to being hit by a car walking across the street. PIP is only offered in select states and may carry a deductible
Persistence pays off
You just learned a lot of information how to compare Buick Regal insurance prices in Philadelphia. The most important thing to understand is the more quotes you get, the better chance you’ll have of finding low cost Philadelphia auto insurance quotes. Drivers may even discover the lowest prices are with the smaller companies. Some small companies can often provide lower rates in certain areas than their larger competitors like State Farm, GEICO and Nationwide.
When trying to cut insurance costs, never reduce coverage to reduce premium. There are a lot of situations where consumers will sacrifice collision coverage only to regret that the small savings ended up costing them much more. The aim is to find the BEST coverage at the best possible price and still be able to protect your assets.
- Auto Insurance for Teen Drivers (Insurance Information Institute)
- Who Has Affordable Auto Insurance Rates for Felons in Philadelphia? (FAQ)
- What Car Insurance is Cheapest for Safe Drivers in Philadelphia? (FAQ)
- Rollover Crash FAQ (iihs.org)
- Safe Vehicles for Teens (iihs.org)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)