After a few driving violations, one of the big things that determine the amount you pay each year for auto insurance is where you keep your car. Regions with more people or even just more weather-related claims will most likely have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates have the benefit of cheaper auto insurance prices.
The following table lists the highest-priced places in Pennsylvania with multiple speeding tickets to buy car insurance in. Philadelphia is ranked #1 with the annual price of $1,997 for the average insured, which is about $166 per month.
|Rank||City||Premium Per Year|
|12||Municipality of Monr||$1,059|
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Table data uses approximated as the specific Philadelphia residence address can impact rates significantly.
The car, truck, or SUV you are insuring is one of the primary factors that determines the availability of the cheapest car insurance with multiple speeding tickets. Vehicles with high performance, a lack of safety features, or an increased likelihood of liability claims will cost much more to insure than more modest models. The table below features auto insurance premiums for a handful of the more affordable vehicles to insure.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 4WD||$5,865|
|Ford Escape XLT 2WD||$6,334|
|Honda Accord LX 4-Dr Sedan||$6,344|
|Nissan Altima 2.5 4-Dr Sedan||$6,788|
|Ford F-150 Lariat Crew Cab 2WD||$6,920|
|Volkswagen Jetta S 2.5 Station Wagon||$7,248|
|Hyundai Elantra SE Touring Station Wagon||$7,256|
|Hyundai Sonata GLS 4-Dr Sedan||$7,270|
|Jeep Grand Cherokee SRT-8 4WD||$7,293|
|Chevrolet Equinox LTZ AWD||$7,303|
|Chevrolet Malibu LS||$7,493|
|Chevrolet Silverado 3500HD LTZ Crew Cab 2WD||$7,552|
|Toyota Tacoma Double Cab 4WD||$7,634|
|Jeep Wrangler Unlimited Sport 4WD 4-Dr||$7,712|
|Chevrolet Impala LS||$7,730|
|Dodge Ram 2500 Crew Cab ST 2WD||$7,775|
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Data variables include single female driver age 30, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, and multi-policy. Prices do not factor in your specific Philadelphia, PA location which can raise or lower premium rates significantly.
Looking at the numbers, we can conclude that cars like the Honda CR-V, Ford Escape, and Honda Accord are most likely going to be some of the more affordable vehicles to insure after a few driving violations.
Comparing rates for low-priced insurance is tough enough, and deciding which company quotes the best car insurance rates with multiple speeding tickets involves a little more work. Each auto insurance company uses different criteria for setting prices, so let’s take a look at the car insurance companies with the most affordable rates in Philadelphia.
We do need to point out that Philadelphia car insurance rates are calculated based on many things which can significantly increase or decrease the price you pay. This price variability is why Philadelphia drivers need to compare lots of rates to get the most economical auto insurance rates with multiple speeding tickets. Insurance rates are influenced by many different factors and can change without notice, so the most economical company three years ago may now be wasting a lot of money.
Find the Best Cheap Insurance with License Points
General Casualty quotes some of the most affordable car insurance rates in Philadelphia at around $726 annually. Travelers, USAA, Erie, and Penn National also are some of the lowest-priced Philadelphia, PA insurance companies.
As depicted above, if you currently buy coverage from Travelers and switched to General Casualty, you might see savings of roughly $61. Insureds with USAA could save as much as $91 a year, and Erie policyholders might reduce prices by as much as $98 a year.
These premiums are averages for all insureds and vehicles and and are not calculated with an exact zip code location with multiple speeding tickets. So the company that fits your age and vehicle best may not even be in the list above. That affirms the importance of why you need to quote rates from many companies using your own driver and vehicle profiles.
Does full coverage make sense?
Saving money when shopping for car insurance should be important to the majority of people, and one of the easiest ways to pay less for insurance with multiple speeding tickets is to only buy liability coverage. The illustration below shows the comparison of insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes a clean driving record, no claims, $100 deductibles, marital status is single, and no discounts are applied to the premium.
If we average the cost for ages 20 through 70, full coverage costs an additional $1,889 per year more than carrying just liability coverage. That brings up the question if buying full coverage is a waste of money. There is no written rule of when to eliminate physical damage coverage, but there is a general convention. If the yearly cost for physical damage coverage is more than around 10% of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.
For example, let’s pretend your vehicle’s settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $2,000 after the policy deductible has been paid. If you are paying over $200 annually for physical damage coverage, then you might consider buying liability only.
There are some circumstances where removing full coverage is not financially feasible. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.
Accidents and violations increase rates
The recommended way to obtain the best car insurance prices in Pennsylvania after a few driving violations is to be an attentive driver and avoid accidents and keep your driving record clean. The example below demonstrates how citations and accident claims can impact auto insurance rates for different age groups. The costs are based on a married male driver, full physical damage coverage, $100 deductibles, and no discounts are applied.
The data in the chart shows the average cost of auto insurance in Philadelphia per year with no accidents and a clean driving record is $2,155. Factor in one speeding ticket and the average cost surges to $2,473, an increase of $318 each year. Now include one accident along with the one speeding ticket and the annual cost of car insurance with multiple speeding tickets goes up to an average of $3,390. That’s an increase of $1,235, or $103 per month, just for not being a responsible driver!
Here’s why you should compare rates often
Philadelphia car insurance rates are determined by lots of factors which can substantially change the cost of coverage. Turning one year older, having a claim, or having an accident may cause policy rate changes that can make some companies cheaper than before.
Also, insurance companies file new Pennsylvania car insurance rates without warning to adjust for gains or losses. Higher than usual claims may cause price increases, while a better loss history may result in lower-priced Philadelphia car insurance rates.
To illustrate this example, the graph below compares the cheapest car insurance in Philadelphia, PA for a 40-year-old female driver with no accidents, a clean driving record, and good financial standing. When comparing rates based on her current situation, General Casualty quotes the cheapest car insurance rates in Philadelphia at $1,700 a year. This is $43 more than the average price paid by Pennsylvania drivers of $1,657. Travelers, Erie, USAA, and Penn National are the remainder of the cheapest Philadelphia, PA auto insurance companies.
Now we will give the driver from the first set of rates a couple of claims, bad credit, and a traffic ticket or two. Since each insurance company uses their own method for setting rates, comparing quotes may result in a different list of companies as shown below.
Amica now has the best car insurance rate in Philadelphia with Atlantic States, Donegal Mutual, Travelers, and Allied now rounding out the top five. This example shows why consumers need to spend some time comparing rates to get the most economical insurance rates with multiple speeding tickets.
Prices can be determined by many things and change dramatically, so the most economical option the last time you checked may now be one of the more expensive options.
How to find economical car insurance with multiple speeding tickets
It is possible to find better rates, and here are some of the better thrifty suggestions that can help drivers get low-cost coverage.
- Do not insure for full coverage
- Buying your home and auto policies from the same company can earn a discount
- Good credit can save money
- Buy a car with high safety ratings
- Drive attentively and avoid accidents
- Compare prices frequently to find the best deal
The last tip is highly necessary, as we hit on in the prior article. Insurance rates fluctuate constantly, so don’t hesitate to switch carriers if a better rate can be found. Having a favorite company is fine, but it’s not recommended if that loyalty results in overpaying money that could be spent on other things. Take a few minutes and compare rates to find cheaper car insurance with multiple speeding tickets in Philadelphia.
The insurance agents in Philadelphia listed below can provide answers to your questions and help you determine which car insurance company is the best fit, since lots of people like to have some advice when comparing insurance rates with multiple speeding tickets. It can be time-consuming to find the best rates on your own, and professional agents can provide you peace of mind knowing your coverage gives you enough coverage if you have a claim. To locate an agency nearest to you, click the button link following the list or click here to get price quotes now.
- Jack Stabler – State Farm Insurance Agent
6726 Torresdale Ave – Philadelphia, PA 19135 – (215) 331-4300
- Wanda Dancy – State Farm Insurance Agent
2805 N 47th St, FL-1 – Philadelphia, PA 19131 – (215) 871-3390
- Larry Lewis Insurance Agency, LLC
4548 Market St #208 – Philadelphia, PA 19139 – (215) 243-4110
- Steven Breinlinger – State Farm Insurance Agent
7904 Germantown Ave – Philadelphia, PA 19118 – (267) 323-2923