Car Insurance Quotes Philadelphia
Car Insurance Quotes Philadelphia
The cost of car insurance in Philadelphia is higher than the state average, there are a combination of factors that contribute to the city’s ranking as the most expensive in Pennsylvania for auto insurance. The average car insurance premium in Philadelphia stands at approximately $1,658 for a six-month policy, this is about $276 per month, which is nearly double the average rate observed across the state.
Travellers hold the position as the most affordable car insurance provider in the city, with premium rates around $142 monthly or $850 for a six-month duration. Following closely is Nationwide, which offers coverage for $1,149 for six months, whereas State Farm accounts for an average expense of $1,177 for a similar period.
In compliance with state regulations, Pennsylvania mandates that all drivers carry a minimum level of liability insurance. The most required insurance policy for Philadelphia drivers includes $15,000 for bodily injury per person, $30,000 for total bodily injury per accident, $5,000 for property damages, and up to $5,000 in medical benefits. While additional coverage types such as uninsured/underinsured motorist protection, collision, and comprehensive insurance are not legally obligatory, they may be necessitated by financial institutions if a driver is leasing or financing their vehicle.
There are several ways to reduce insurance costs effectively. Insurance providers frequently offer a variety of discounts designed to reward responsible behaviours and specific affiliations. For instance, the Good Driver Discount, Vehicle Discount, and “Multi-Policy Discounts present viable options for policyholders to cut back on expenses. students maintaining a commendable academic performance can qualify for a “Good Student Discount, creating additional pathways for savings.
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How Much Does Philadelphia car Insurance Cost?
Philadelphia is the most expensive city in the state for car insurance, with rates of $1,658 for six months of coverage, or $276 per month, nearly double the state average for Pennsylvania. According to our data, Travelers offers the most affordable car insurance in Philadelphia, with rates of roughly $142 each month or $850 every six months.
39% of Philadelphia car insurance clients acknowledge that their car insurance premiums are expensive. Read on to find out more about what cost in Philadelphia looks like based on typical characteristics like age and coverage level, whether you agree or simply need assistance with your auto insurance.
Affordable Car Insurance Companies In Philadelphia
Car owners and drivers in Philadelphia can choose from the best companies for better insurance policies. Below are the insurance companies with the most affordable insurance premiums and the best coverage. These are the
- 1st place: Travelers
Travellers is the most affordable insurance company at $142 monthly or $850 for a six-month policy.
- 2nd place: Nationwide
Costing $1,149 every six months, Nationwide comes in second place.
- 3rd place: State Farm
State Farm is the third most affordable insurance company in Philadelphia and costs an average of $1,177 for a six-month policy.
Car Insurance Philadelphia Requirement
Drivers in Philadelphia are obliged by law to have car liability insurance. Philadelphia laws require a minimum of the following liability coverages:
- $15,000 bodily injury liability limit per person
- $30,000 bodily injury liability limit per accident
- $5,000 property damage liability
- $5,000 medical benefits limit
Uninsured/underinsured car coverage, collision and comprehensive coverage are not required for Philadelphia drivers. All coverages only cover what is stated in your policy. Although drivers are not required by Pennsylvania law to have this coverage, if you are leasing or financing your car, your lender might require it.
Auto insurance rates with an at-fault accident
Stat shows that the cheapest insurance company in Philadelphia after an at-fault accident is Travelers.
For your insurance rate to increase it depends on many factors, like the severity of the accident. A serious accident can trigger a rate increase by as much as hundreds or thousands per year. Typically, at-fault accidents and speeding tickets will be on your record for three to five years whereas DUIs or DWIs can follow you for longer
Company Avg. 6 Mo. Premium
Travelers……………… $1,192
State Farm ……………$1,514
Nationwide……………$1,844
Allstate………………….$1,845
GEICO………………….$2,066
USAA……………………$2,266
Progressive……………$2,461
How to Save Money on Car Insurance in Philadelphia
The importance of having a convenient, comprehensive, and affordable car insurance policy is acknowledged by insurance providers. For this reason, there are a range of discounts available to look at to reduce costs, such as:
- New Vehicle Discount
- Good Student Discount
- Good Driver Discount
- DriveEasy Discount
- Multi-Policy Discounts
- And more!
Many premium-saving options make it possible to obtain reasonably priced insurance. For additional information visit here.
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