Comparing rates for cheap car insurance is not most people’s favorite thing to do, and determining which company has the cheapest car insurance rates for teenage males will take even more work. Every car insurance company has their own guidelines for establishing rates, so first let’s look at the rankings for the lowest cost car insurance companies in Philadelphia, PA.
It’s important that you understand Philadelphia, PA car insurance rates are determined by lots of factors that can increase the policy premium. Simply getting older, having a teenage driver, or getting a ticket for careless driving can cause premium changes resulting in some rates now being much cheaper than others.
Find the Best Cheap Insurance for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | General Casualty | $748 |
| 2 | Travelers | $779 |
| 3 | USAA | $785 |
| 4 | Erie | $816 |
| 5 | Penn National | $840 |
| 6 | Auto-Owners | $993 |
| 7 | Atlantic States | $1,005 |
| 8 | Amica | $1,022 |
| 9 | Donegal Mutual | $1,069 |
| 10 | GEICO | $1,123 |
| 11 | California Casualty | $1,186 |
| 12 | Allied | $1,190 |
| 13 | State Farm | $1,198 |
| 14 | State Auto | $1,241 |
| 15 | Encompass | $1,344 |
| 16 | Harleysville | $1,410 |
| 17 | Progressive | $1,429 |
| 18 | Nationwide | $1,447 |
| 19 | Mutual Benefit Group | $1,454 |
| 20 | Chubb | $1,551 |
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General Casualty quotes some of the best car insurance rates in Philadelphia at around $748 a year. Travelers, USAA, Erie, and Penn National would also make the list of some of the most economical Philadelphia, PA auto insurance companies.
As shown in the table above, if you currently have coverage with Erie and switched to General Casualty, you could see a yearly price reduction of in the neighborhood of $68. Drivers with Penn National might save as much as $92 a year, and Auto-Owners customers might cut rates by $245 a year.
If you would like to find cheaper car insurance rates, click here or visit any of the companies below.
Understand that those prices are averaged for all ages of drivers and types of vehicles and do not take into consideration a vehicle location for teenage males. So the auto insurance company that fits your needs best may not even be in the top 30 companies shown above. That affirms the importance of why you need to compare rates from multiple companies using your own driver information and specific vehicle type.
The vehicle model to be insured is one of the main factors when trying to find the most affordable coverage for teenage males. Vehicles with higher performance, a lack of modern safety features, or high incidents of liability claims will cost substantially more to insure than more modest models. The table below showcases auto insurance rates for the most affordable vehicles to buy coverage for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $19,146 |
| Ford Escape XLT 4WD | $19,328 |
| Honda CR-V EX-L 4WD | $19,335 |
| Toyota Prius | $20,682 |
| Ford Explorer Eddie Bauer 2WD | $21,531 |
| Ford F-150 XL Crew Cab 4WD | $21,713 |
| Volkswagen Jetta 2.0T Station Wagon | $21,854 |
| Honda Odyssey EX W/Rear Entertainment | $22,519 |
| Ford Edge Limited 2WD | $22,529 |
| Chevrolet Malibu Hybrid | $22,702 |
| Toyota RAV4 Sport 4WD | $22,711 |
| Chevrolet Impala LT | $22,702 |
| Dodge Grand Caravan Crew | $22,885 |
| Toyota Tacoma X-Runner 2WD | $23,873 |
| Jeep Wrangler Unlimited Sport 4WD 4-Dr | $24,037 |
| Ford Fusion SEL 4-Dr Sedan | $24,056 |
| Chevrolet Equinox LTZ AWD | $24,061 |
| Jeep Grand Cherokee Limited 2WD | $24,056 |
| Toyota Corolla XRS | $24,064 |
| GMC Sierra 2500HD SLE Extended Cab 4WD | $24,056 |
| GMC Sierra SLE Extended Cab 4WD | $24,065 |
| Nissan Altima Hybrid 4-Dr Sedan | $24,056 |
| Ford F-350 XL Crew Cab Turbo Diesel 2WD | $24,422 |
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Data based on single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium costs do not factor in specific location which can revise rates significantly.
By looking at the data, vehicles like the Hyundai Elantra, Ford Escape, and Honda CR-V are a few of the more affordable vehicles to insure for teen boys. The cost of a car insurance policy will tend to be higher because there is more inherent risk for teenage males, but overall those particular models will most likely have the cheapest car insurance rates compared to all other vehicles.
Ending up with the top insurance provider is difficult considering how many companies sell coverage in Pennsylvania. The ranking data listed below can help you analyze which car insurance companies you want to consider when shopping insurance around for teenage males.
The rankings below include the largest auto insurers in America, so companies that may only write in Pennsylvania are not included in this list. If you’d like to compare prices from these and other companies in Pennsylvania, follow this link.
Top 10 Major Car Insurance Companies in Philadelphia Ranked by Customer Service
- Titan Insurance
- The Hartford
- American Family
- Progressive
- USAA
- Travelers
- State Farm
- GEICO
- Erie Insurance
- Allstate
Responsible drivers pay cheaper car insurance rates
The easiest method to score the cheapest car insurance prices for teen boys is to drive cautiously and avoid getting tickets or having accidents. The chart below demonstrates how citations and accident claims can drive up insurance costs for different age groups. Data assumes a married male driver, comp and collision included, $100 deductibles, and no additional discounts are factored in.
In the chart above, the average cost of an auto insurance policy per year with a clean driving record and no accidents is $1,800. Get written up for one speeding ticket and the average cost rises to $2,061, an increase of $261 each year. Then add one accident along with the one speeding ticket and the annual cost of car insurance for teenage males increases to an average of $2,812. That’s an increase of $1,012, or $84 per month, just for not being attentive to the road!
Rate comparison of full coverage and liability-only
Finding the cheapest car insurance is probably important to most people, and a good way to reduce the cost of insurance for teenage males is to buy liability only. The information below shows the comparison of auto insurance costs when comparing full coverage to liability only. The premiums assume no claims, a clean driving record, $100 deductibles, single status, and no discounts are applied.
Averaged for all age groups, physical damage insurance costs an additional $1,889 per year more than buying just liability insurance. That is a big expense that brings up the question if you should buy full coverage. There is no clear-cut formula of when to phase out physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.