Deciding which insurers offer the best auto insurance rates in Philadelphia will take more time than just picking a company at random. Each company has a unique approach to determine rates, so we’ll take a look at the auto insurance companies with the overall best prices in Philadelphia.
It’s important to know that Pennsylvania auto insurance rates are impacted by many factors which can significantly increase or decrease the cost of your policy. Simply getting older, increasing liability limits, or getting a few speeding tickets can produce rate changes that may make certain companies more affordable than competitors.
|Rank||Company||Cost Per Year|
|17||Mutual Benefit Group||$1,439|
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General Casualty normally has some of the lowest car insurance rates in Philadelphia at around $718 a year. This is $939 less than the average rate paid by Pennsylvania drivers of $1,657. Travelers, Erie, USAA, and Penn National also make the cut as some of the most economical Philadelphia, PA auto insurance companies.
In this example, if you currently have coverage with USAA and switched to Travelers, you could earn savings of in the vicinity of $14. Customers with Penn National may save as much as $29 a year, and Auto-Owners insureds might reduce prices by as much as $200 a year.
To find the cheapest coverage for you, click here or visit several of the following companies.
It’s important to note that these estimates are averaged for all types of insureds and vehicles and and are not figured with an exact zip code location in Philadelphia. So the auto insurance company that can offer the best rates for your situation may not even be in the list above. That points out the importance of why you need to get auto insurance quotes using your own specific driver information and vehicle.
For drivers in Philadelphia, one of the big factors that determine the annual cost of car insurance is your zip code. More densely populated places are more likely to have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims get the luxury of paying less.
The illustration below lists the priciest cities in Pennsylvania to purchase a policy in. Philadelphia is ranked #1 with the yearly price of $2,057 for car insurance, which is about $171 monthly.
|Rank||City||Premium Per Year|
|11||Municipality of Monr||$1,081|
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Prices are estimated as the specific Philadelphia residence address can lower or raise insurance rates noticeably.
The vehicle model to be insured is probably the biggest factor when looking for affordable coverage in Philadelphia. Vehicles with reasonable performance levels, an excellent safety record, or a low likelihood of liability claims will cost significantly less to insure than high performance models.
The data below ranks car insurance rates for the cheaper vehicles to buy insurance for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$4,327|
|Honda Accord LX 4-Dr Sedan||$4,334|
|Ford Edge SE 2WD||$4,754|
|Ford F-150 XLT Regular Cab 2WD||$4,762|
|Ford Escape XLT 4WD||$5,016|
|Toyota RAV4 Limited 2WD||$5,124|
|Dodge Grand Caravan SXT||$5,223|
|Ford Explorer Limited AWD||$5,233|
|Dodge Ram 3500 Crew Cab Laramie 2WD||$5,223|
|Nissan Rogue S AWD||$5,490|
|Chevrolet Equinox LTZ AWD||$5,499|
|Chevrolet Silverado 2500HD LTZ Crew Cab 4WD||$5,507|
|Honda Odyssey EX W/Rear Entertainment||$5,499|
|Nissan Altima Hybrid 4-Dr Sedan||$5,508|
|Jeep Wrangler Sahara 4WD 2-Dr||$5,504|
|Chevrolet Malibu LS||$5,607|
|Volkswagen Jetta SE 2.5 Station Wagon||$5,682|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$5,720|
|Hyundai Sonata SE 4-Dr Sedan||$5,766|
|Toyota Camry Hybrid||$5,865|
|Toyota Camry Hybrid||$5,875|
|Hyundai Elantra Blue 4-Dr Sedan||$5,912|
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Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Information does not factor in garaging location in Philadelphia, PA which can decrease or increase rates noticeably.
Based upon the rates shown, we can conclude that makes and models like the Honda CR-V, Honda Accord, Ford Edge, Ford F-150, and Ford Escape will be the less-costly vehicles to insure for drivers in Philadelphia.
Drive safe and save
The best way to enjoy the most affordable auto insurance rates in Philadelphia for drivers in Philadelphia is to be a good driver and avoid at-fault accidents and violations. The information below shows how violations and at-fault fender-benders can drive up auto insurance rates for different insured age categories. The costs are based on a single male driver, full coverage, $100 deductibles, and no discounts are applied.
In the previous example, the average cost of a car insurance policy in Philadelphia per year with no violations or accidents is $1,889. Get two speeding tickets and the average cost jumps to $2,505, an increase of $616 each year. Then add one accident along with the two speeding tickets and the yearly cost of auto insurance in Philadelphia jumps again to an average of $3,122. That’s an increase of $1,233, or $103 per month, just for not driving attentively!
Get discount Philadelphia car insurance
Insurers that offer coverage in Philadelphia could also offer special discounts that can lower rates by as much as 40% or more if you are eligible to receive them. Companies and a summarized list of policyholder discounts can be read below.
- GEICO policyholders can earn discounts including air bags, anti-lock brakes, multi-policy, multi-vehicle, federal employee, and defensive driver.
- Mercury Insurance offers premium reductions for anti-theft, type of vehicle, low natural disaster claims, location of vehicle, professional/association, annual mileage, and ease of repair.
- Farmers Insurance discounts include mature driver, youthful driver, homeowner, teen driver, distant student, good student, and switch companies.
- Auto-Owners Insurance may offer discounts for multiple vehicles, safe driver, anti-lock brakes, student away at school, and teen driver.
- Liberty Mutual has discounts for multi-car, multi-policy, newly retired, hybrid vehicle, new move discount, good student, and exclusive group savings.
- SAFECO includes discounts for drive less, teen safe driver, anti-theft, homeowner, safe driver, teen safety rewards, and anti-lock brakes.
- Progressive offers discounts for multi-vehicle, multi-policy, good student, online signing, continuous coverage, online quote discount, and homeowner.
- USAA offers discounts including good student, multi-policy, annual mileage, defensive driver, and loyalty savings.
The diagram below visualizes the comparison of insurance rates with and without discounts. The rate quotes are based on a male driver, no claims or violations, Pennsylvania state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with anti-theft, multiple vehicle, vehicle safety, marriage, multiple policy, and defensive driving course discounts applied. When drivers take advantage of discounts, theamount saved on auto insurance in Philadelphia is 28% or $386.
The Philadelphia car insurance agencies listed below can probably help you make a decision which policy fits your needs best, since some drivers have questions and prefer to get help from a professional when comparing insurance rates for drivers in Philadelphia. It’s not always simple to find the best policy yourself, so a licensed agent can give satisfaction knowing your coverage gives you decent coverage if you have a claim.
To locate a Philadelphia insurance agent close to you, click the button at the bottom of the list.
Sharon Owens – State Farm Insurance Agent
7034 Frankford Ave – Philadelphia, PA 19135 – (215) 333-5544
Pa Auto Insurance Outlet
4901 Frankford Ave – Philadelphia, PA 19124 – (215) 827-0800
Wade Insurance Agency
143 E Roosevelt Blvd – Philadelphia, PA 19120 – (215) 457-4995
Tips to find the cheapest insurance in Philadelphia
The list below summarizes a few thrifty suggestions that can help you locate lower-cost auto insurance.
- Accident-free drivers may qualify for discounts
- Do not get tickets
- Vehicles with good safety ratings are usually cheaper to insure
- Increase your physical damage deductibles
- Do not pay for full coverage if not needed
- Clean up your credit
- Compare price quotes at least once a year
The last item on the list is particularly valuable, as we hit on in this write-up. Coverage prices change frequently, so don’t be tentative to switch companies if a lower price can be found.
Many drivers prefer to stick with one company, but we do not recommend it if that inflexibility results in costing you major coinage every year. Now is a great time to compare prices to find cheaper car insurance in Philadelphia in Philadelphia.