Best Cheap Car Insurance Companies in Philadelphia, Pa.
The car insurance companies that made it to our list of top five in Philadelphia are Travelers, USAA, Erie Insurance, State Farm and Nationwide. These top contenders do not just offer rates that are less than both the minimum and full-coverage averages for the city. They have reputations for delivering versatile coverage options and exceptional customer service.
Keep reading: Cheap Car Insurance
Unless stated otherwise, the following cost tables show average rates for the driving profile of a 35-year-old married driver with good credit and a clean driving history.
How Much Is Car Insurance in Philadelphia, Pa.?
Our data shows that the average cost of car insurance for minimum-coverage in Philadelphia is about $75 per month or $900 per year. This is about 44% more than the national average of $52 per month or $625 per year. Similarly, full-coverage car insurance costs $321 per month or $3,853 per year on average, which is about 92% more expensive than the national average of $167 per month or $2,008 per year for full coverage.
Cheapest Liability Car Insurance in Philadelphia, Pa.
Travelers offers the cheapest liability insurance with average rates of $38 per month or $458 per year. USAA is the second-cheapest option in Philadelphia with average auto insurance rates of $57 per month or $680 per year.
Liability coverage is the minimum coverage required by the state of Pennsylvania. According to Pennsylvania law, all drivers must either meet or exceed the following minimum requirements:
- $30,000 bodily injury liability per accident
- $15,000 bodily injury liability per person
- $5,000 property damage liability per accident
Cheapest Full-Coverage Car Insurance in Philadelphia, Pa.
A full-coverage car insurance policy can be pricey in Philadelphia. Full coverage includes liability plus comprehensive coverage and collision insurance, which protect against damage to your vehicle in a variety of situations. Travelers is the cheapest full-coverage option with average rates of $136 per month or $1,627 per year.
Philadelphia Car Insurance Quotes by Driver Profile
Rates are impacted by many parts of a Philadelphia driver’s profile, from their ZIP code, to their age to their history of accidents and traffic violations. Some companies are cheaper for drivers with DUIs, while others are more cost-effective choices for teenagers who’ve just gotten their drivers’ licenses.
That’s why some drivers may find cheaper rates than you at the same company, and vice versa. This section will look at the average auto insurance expenses for different driving profiles in Philadelphia.
Philadelphia Car Insurance Cost by Age
Due to their increased likelihood of getting into car accidents or breaking traffic laws, teenagers are required to pay higher rates for car insurance coverage. Our data shows 16-year-olds pay about $311 per month or $3,732 per year for car insurance in Philly.
When drivers enter their 20s, the typical expenses for auto insurance continually decrease up until they reach their late 50s. Below, you can look at the average costs for minimum-coverage car insurance in Philadelphia across different age brackets:
Cheapest Car Insurance in Philadelphia, Pa.: Teen Drivers
Car insurance for teens is expensive, but some providers tend to be more affordable than others. Our data shows Travelers is the cheapest car insurance company for young drivers with minimum-coverage rates as low as $119 per month or $1,428 per year. Erie Insurance, Geico and State Farm also offer lower rates for Philadelphia teens.
Philadelphia Car Insurance Cost by Credit Score
Across most states (including Pennsylvania) auto insurance providers are allowed to use your credit history as one factor to set your rates. If you don’t have the best credit history, you’ll be paying higher rates than average. If you have a good credit score along with a clean driving record, you’re more likely to save on car insurance — especially if you’re over the age of 25.
If you’re in your early 20s or below, you may still find significant auto insurance costs, regardless of your credit score.
Cheapest Car Insurance in Philadelphia, Pa.: Poor Credit
Our rate data shows USAA is the cheapest option for car insurance for bad credit in Philadelphia. The company offers minimum-coverage policies to drivers with poor credit for rates of $57 per month or $680 per year. This is 55% more than the overall state average for minimum coverage for good credit.
Philadelphia Car Insurance Cost by Driving Record
If you’ve been found speeding, driving under the influence or at fault for an accident — you can expect to pay significantly higher insurance costs in the future. On average, speeding can increase your average car insurance costs by 141%, an at-fault accident by 208% and a DUI by 233%.
But how much your insurance rises will depend on the company that insures you and your car. According to our research, Travelers is the most suitable choice if your driving record has any infractions. The table below shows average rates by company for drivers who have either a speeding ticket, accident or DUI on their record.
Keep reading: Insurance rates for high-risk drivers
Cheapest Car Insurance in Philadelphia, Pa.: Speeding Ticket
According to our data, Travelers offers the cheapest rates to drivers who have a speeding ticket on their records — $46 per month or $553 per year. USAA follows close behind with an average monthly rate of $63, while Erie Insurance, State Farm and Donegal round out the top five options for cheap speeding ticket car insurance in Philadelphia.
Cheapest Car Insurance in Philadelphia, Pa.: At-Fault Accident
Philadelphia drivers who cause auto collisions will typically see bigger hikes in their car insurance premiums than drivers who had just added speeding citations to their records. Travelers and State Farm are the cheapest options here with average rates of about $52 per month and $77 per month, respectively. You can see some auto insurance companies charge significantly more for this amount for coverage after an accident.
Cheapest Car Insurance in Philadelphia, Pa.: DUI
Driving under the influence can result in a shockingly-high rise in car insurance rates, especially in Philadelphia. You may find hundreds of dollars added to your premiums the following year.
Luckily, Travelers is very cheap compared to other companies — it offers average rates of $56 per month or $666 per year for drivers with a DUI. State Farm, USAA and Progressive are also good options with rates under $106 per month on average.
Philadelphia Car Insurance Cost by ZIP Code
The insurance premium you pay is impacted by the fluctuating insurance claim rates across different areas of the city. Below, you can see certain ZIP codes in Philadelphia can be up to 7.0% cheaper or 7.0% more expensive than the city average.
Cheap Car Insurance in Philadelphia, Pa.: Conclusion
Although car insurance rates in Philadelphia are higher than both the state and national averages by 106% and 44% respectively, you can still find high-quality insurers that offer great coverage at affordable rates.
Travelers provides minimum coverage in the city for roughly $38 per month. For full coverage, Travelers is also the cheapest, offering highly competitive rates of $136 per month for drivers in Philadelphia.
Compare free quotes to find the company that meets your Pennsylvania car insurance needs at the best rate. You can get auto insurance quotes online or from insurance agents.
Cheapest Auto Insurance in Philadelphia, Pa.: FAQ
Here are some frequently asked questions about the cheapest auto insurance in Philadelphia, Pa.:
*Cost data comes from Quadrant Information Services and is accurate at time of publication.