auto insurance company in Philadelphia

By customer relations, the best auto insurance company in Philadelphia 2022

Auto insurance company in Philadelphia. In Philadelphia, the average annual cost of minimum-coverage auto insurance is $1,217, or about $101 per month.
That’s $602 more per year than the state average, making it Pennsylvania’s most expensive city for car insurance. On average, full-coverage auto insurance costs $3,738 per year, or about $312 per month. Despite the City of Brotherly Love’s high insurance prices, it is still possible to find affordable policies by comparing quotes from multiple insurers.

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Our sample driver’s minimum coverage policy ranged from $900 to $900 depending on the company he chose, highlighting the importance of comparing rates from multiple companies. Former and current military personnel are strongly encouraged to check out USAA, which has the lowest overall annual policy at $379, or about $32 per month.

A minimum-coverage policy, which is the least amount of coverage required to legally drive in the state, is the most affordable auto insurance you can buy. A minimum-coverage policy is less expensive upfront, but if you are at fault in a major accident, you may end up paying more in injury and property damage costs above the policy’s limits.

auto insurance company in Philadelphia

Cheapest auto insurance company in Philadelphia

Comprehensive insurance in Philadelphia is more than three times the price of a minimum policy, but it provides a different type of protection than liability insurance.

A full-coverage policy meets the state’s minimum-coverage requirements while also providing collision and comprehensive coverage. To summarize collision and comprehensive coverage, consider the following:

  • Collision insurance: covers damage caused when you drive into another vehicle or object.
  • Comprehensive insurance: covers damage caused by something out of your control, including natural disasters, vandalism, theft and terrorism.

A basic rule of thumb is to purchase a full-coverage policy if your vehicle is less than ten years old or is worth more than $3,000 in total. More specifically, if the cost of adding full coverage is less than the value of your vehicle minus the policy deductible, you should consider purchasing it.

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Drivers under the age of 25 are regarded as riskier, and they frequently pay significantly more than older drivers. For example, young drivers insured with Allstate pay $11,324 more than the average 30-year-old driver in Philadelphia for a full-coverage policy.

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These costs may be out of your price range, but if you need to get your own policy, the best option is to shop around and inquire about discounts. Many companies will give you a discount if you drive safely, are a good student, or have security devices in your car. These discounts can add up to significant savings.

Another option is to join your parents’ insurance policy. It will raise their annual premiums, but a combined policy will be much less expensive than two separate policies.

The average cost of adding an 18-year-old to a couple’s car insurance policy is approximately $1,510 every six months, whereas the average cost of an 18-year-old getting an individual policy is $3,589 per six months.

The Best Low-Cost Philadelphia Auto Insurance Providers

RankCompanyAverage annual rate
1Erie$6,504
2State Farm$7,474
3Nationwide$8,571
4Geico$9,637
5Progressive$13,040
6Allstate$16,657
N/A*USAA$2,310
auto-insurance company in Philadelphia

These costs may be out of your price range, but if you need to get your own policy, the best option is to shop around and inquire about discounts. Many companies will give you a discount if you drive safely, are a good student, or have security devices in your car. These discounts can add up to significant savings.

Another option is to join your parents’ insurance policy. It will raise their annual premiums, but a combined policy will be much less expensive than two separate policies.

The average cost of adding an 18-year-old to a couple’s car insurance policy is approximately $1,510 every six months, whereas the average cost of an 18-year-old getting an individual policy is $3,589 per six months.

Insurers frequently raise your rates if you’ve been at fault in a previous accident. State Farm, the cheapest option, raised its annual quotes the least after an accident in Philadelphia, with an average increase of $517.

If you’re looking for a cheaper option, Erie raised its rates by only $820, compared to an average increase of $1,823 across our sample insurers.

Former and current military members who are eligible should investigate USAA. Its rates rose by $521, which was only $4 more than State Farm. Depending on your insurer, your annual premium could rise by up to $3,500 or as little as $500. These distinctions highlight the importance of obtaining free car insurance quotes from multiple insurers.

Philadelphia car insurance agents and agencies

The majority of companies require you to buy a policy through an agent. You can start your quote online and get a price, but it will eventually be sent to an agent for review. If you prefer to start your policy in person, you can find a few options below.

Agent/AgencyAddress
1Pa Auto Insurance Outlet4901 Frankford Ave, Philadelphia, PA 19124, United States
2Freedom Insurance Group, Inc3308 Grant Ave, Philadelphia, PA 19114, United States
3AAA South Philadelphia Car Care Insurance Travel Center1601 S Christopher Columbus Blvd, Philadelphia, PA 19148, United States
4Titan Auto Tags & Insurance533 Spring Garden St, Philadelphia, PA 19123, United States
5Nationwide Insurance: Dennis Charles O Neill850 W Allegheny Ave, Philadelphia, PA 19133, United States

The coverage listed above are required for all drivers in Pennsylvania, but they may not be adequate for your specific needs. When looking for the bare minimum of coverage, you should also inquire about the additional coverage that insurance companies provide. If you are not adequately protected, an accident can cost you hundreds of thousands of dollars.

Methodology

We gathered information from seven insurance companies in Philadelphia. Unless otherwise stated, our default driver was a 30-year-old single man who owns a 2015 Honda Civic EX and shopped for a minimum-coverage policy. He also has a credit score that is below average or no credit history.
The following limits were used when analyzing full coverage:

  • Bodily injury liability: $50,000 per person/$100,000 per accident
  • Property damage liability: $25,000 per accident
  • Uninsured/underinsured motorist bodily injury: $50,000 per person/$100,000 per accident
  • Comprehensive and collision: $500 deductible

The insurance rate data used in ValuePenguin’s analysis came from Quadrant Information Services. These rates were obtained publicly from insurer filings and should only be used for comparison purposes — your own quotes may differ.

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