One of the many things that aid in calculating car insurance rates is your zip code. Areas with increased crime or more people likely pay more, whereas areas with less people or fewer weather incidents profit from lower rates.
The illustration below rates the most expensive areas in Pennsylvania for 20 year old guys to buy an auto insurance policy in. Philadelphia comes in at #1 costing $2,037 for the average policy, which is around $170 each month.
|16||Municipality of Monr||$1,049|
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Rate quotes are estimated as specific Philadelphia garaging address can increase or decrease coverage prices considerably.
Deciphering which companies offer the cheapest car insurance rates for 20 year old guys may require more time than just comparing a company or two. Every insurance provider uses different criteria for establishing rates, so we will examine the most affordable car insurance companies in Philadelphia, PA.
It’s important that you understand Philadelphia, PA car insurance rates are calculated based on many things that will increase or decrease the price you have to pay. Improving your credit score, getting married, or getting a few speeding tickets can trigger price changes resulting in some companies being more affordable than the competition.
Cheap Insurance Rates for Men Age 20
General Casualty may have some of the most affordable car insurance rates in Philadelphia at around $726 annually. Travelers, USAA, Erie, and Penn National also rank well as some of the lowest-priced Philadelphia, PA car insurance companies.
As shown above, if you have coverage with USAA and switched to General Casualty, you may realize an annual savings of about $83. Customers with Erie could save as much as $90 a year, and Penn National policyholders might reduce rates by $106 a year.
It’s important to note that these policy prices are averaged for all insureds and vehicles and and are not calculated with a specific zip code for 20 year old guys. So the company that is best for you may not even be in the list above. That’s why you need to get auto insurance quotes using your own specific driver and vehicle information.
How careless driving impacts Philadelphia car insurance rates
In a perfect world, the ideal way to find the best car insurance premiums in Pennsylvania for young men is to be a careful driver and avoid at-fault accidents and violations. The information below shows how speeding tickets and accidents can impact insurance costs for different categories of driver ages. The rates are based on a married male driver, comprehensive and collision coverage, $1,000 deductibles, and no policy discounts are applied.
The chart shows that the average cost of car insurance in Pennsylvania per year with a clean driving record and no accidents is $1,277. Factor in two speeding tickets and the average cost hikes up to $1,754, an increase of $476 each year. Now add two accidents along with the two speeding tickets and the 12-month cost of car insurance for 20 year old guys goes up to an average of $3,664. That’s an increase of $2,387, or $199 per month, just for not paying attention while driving!
Discounts on Philadelphia car insurance
Car insurance companies that offer coverage for 20 year old guys may also give you premium discounts that could reduce prices by 35% or more if you meet specific eligibility requirements. Larger car insurance companies and a summarized list of policyholder discounts include:
- Farmers Insurance offers discounts including pay in full, electronic funds transfer, alternative fuel, switch companies, business and professional, homeowner, and youthful driver.
- Esurance policyholders can earn discounts including paid-in-full, anti-lock brakes, DriveSense, claim free, and online shopper.
- State Farm may include discounts for anti-theft, defensive driving training, accident-free, student away at school, driver’s education, passive restraint, and good student.
- GEICO may have discounts that include federal employee, military active duty, emergency military deployment, seat belt use, air bags, membership and employees, and daytime running lights.
- Allstate has savings for auto/life discount, passive restraint, good payer, 55 and retired, eSmart discount, and safe driver.
The chart below illustrates the difference between auto insurance rates with and without discounts applied to the policy premium. The prices are based on a male driver, no claims or driving citations, Pennsylvania state minimum liability limits, full physical damage coverage, and $100 deductibles.
The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with continuous coverage, good student, passive restraint, paperless filing, paid-in-full, and vehicle safety discounts applied. In this example, theaverage amount saved on car insurance for 20 year old guys is 18% or $347.
The insurance agencies below are a good start to provide answers to your questions and help you determine which coverages you need, since some people have coverage questions and would like to get help from a professional when comparing insurance rates for young men. It can be hard to find the cheapest rate yourself, and a licensed agent can give you comfort knowing you have adequate coverage if you have an accident or claim. To locate a Philadelphia auto insurance agent by location nearest to you, click the button at the bottom of the list or click here to compare price quotes now.
Terra Insurance Services
1879 Cottman Ave – Philadelphia, PA 19111 – (215) 742-3743
Rexach Insurance Agency
2932 N 5th St – Philadelphia, PA 19133 – (215) 229-6320
Ahida Garcia – State Farm Insurance Agent
716 Adams Ave Ste 8 – Philadelphia, PA 19124 – (215) 533-5550
Ideas for finding cheaper car insurance for 20 year old guys
Below you’ll find some of the better thrifty solutions that can help Pennsylvania drivers find cheaper auto insurance.
- Drivers with good credit often pay less
- Serious violations like DUI or reckless driving can increase rates dramatically
- Raise comprehensive and collision coverage deductibles
- Drive safe vehicles
- At-fault accidents can raise rates significantly
- Compare rate quotes often
The last suggestion is notably significant, as we hit on in the article above. Rates in Philadelphia change a lot, so don’t be tentative to buy a different policy if a better rate can be found.
Sticking with a specific company is fine, but is isn’t recommended if that dedication is costing several hundred dollars every year. Now is a great time to compare rates to find cheaper car insurance for 20 year old guys.