Have you finally had enough of paying out the nose to pay high car insurance rates every month? You have the same problem as many other consumers in Pennsylvania.
Sadly, a large majority of drivers kept buying from the same company for over three years, and just short of a majority have never taken the time to shop around. Drivers in Pennsylvania could save themselves as much as 55% a year, but most just don't grasp the benefits if they swap their current policy for a cheaper one.
There is such a variety of car insurance companies to choose from, and although it's nice to be able to choose, lots of choices makes it harder to find a good deal.
It's a good idea to price shop coverage every six months because car insurance rates are rarely the same from one policy term to another. Just because you found the best premium rates on car insurance a couple years back there may be better deals available now. There is too much inaccurate information about car insurance on the internet, but you can learn a lot of great tips on how to put money back in your pocket.
Cheap Philadelphia car insurance rates with discounts
Car insurance companies don't always publicize the complete list of policy discounts very well, so the below list has both well-publicized and the more hidden car insurance savings.
- Homeowners Savings - Simply owning a home may trigger a policy discount on car insurance because maintaining a house demonstrates responsibility.
- Discount for New Cars - Buying a new car model may earn a small discount because new vehicles are generally safer.
- Claim Free - Claim-free drivers can earn big discounts in comparison to accident-prone drivers.
- Discounts for Government Workers - Simply working for the federal government could qualify for a slight premium decrease with a few car insurance companies.
- Good Student - Excelling in school could provide a savings of up to 20% or more. Many companies even apply the discount to college students until age 25.
- Student Discount for Driver Training - Cut your cost by having your teen driver enroll in driver's education in school or through a local driver safety program.
- Active Service Discounts - Being on active deployment in the military may qualify for rate reductions.
- Telematics Devices - Philadelphia drivers who agree to allow data collection to scrutinize their driving habits remotely such as Progressive's Snapshot and State Farm's In-Drive could see a rate decrease if they exhibit good driving behavior.
- No Charge for an Accident - This isn't a discount exactly, but companies like Progressive, State Farm and GEICO will forgive one accident before they charge you more for coverage with the catch being you have to be claim-free for a set time period.
- Discounts for Seat Belt Usage - Forcing all vehicle occupants to use their safety belts may be able to save a few bucks on the medical payments or PIP coverage costs.
Policy discounts save money, but most discount credits are not given to the overall cost of the policy. Most only cut the price of certain insurance coverages like comp or med pay. So when the math indicates you can get free auto insurance, company stockholders wouldn't be very happy.
Larger car insurance companies and a summarized list of policyholder discounts are detailed below.
- 21st Century has discounts for homeowners, teen driver, air bags, good student, automatic seat belts, early bird, and anti-lock brakes.
- Progressive may have discounts that include multi-policy, homeowner, online quote discount, multi-vehicle, good student, online signing, and continuous coverage.
- State Farm includes discounts for multiple policy, good student, safe vehicle, good driver, driver's education, anti-theft, and defensive driving training.
- Nationwide offers premium reductions for family plan, multi-policy, Farm Bureau membership, easy pay, accident-free, defensive driving, and anti-theft.
- Esurance may offer discounts for online quote, defensive driver, Pac-12 alumni, homeowner, safety device, paid-in-full, and good student.
- The Hartford offers discounts for vehicle fuel type, bundle, defensive driver, anti-theft, and air bag.
Before you buy a policy, ask all the companies how you can save money. A few discounts may not apply to policies in Philadelphia.
Just keep in mind that comparing more quotes will improve the odds of getting lower pricing. Some companies don't provide quotes over the internet, so you also need to get rates from the smaller companies as well.
The auto insurance companies shown below are our best choices to provide comparison quotes in Pennsylvania. To find the cheapest car insurance in Pennsylvania, we suggest you compare several of them to find the most competitive auto insurance rates.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Colorado LT Extended Cab 2WD||$1,088||$544||$91|
|Chevrolet Malibu LS||$1,038||$519||$87|
|Chevrolet Silverado LS Crew Cab 2WD||$1,140||$570||$95|
|Dodge Ram Quad Cab SLT 4WD||$1,134||$567||$95|
|Ford Escape XLT 2WD||$988||$494||$82|
|Ford F-150 XLT Regular Cab 4WD||$1,048||$524||$87|
|Ford Focus SEL 4-Dr Sedan||$804||$402||$67|
|Honda Accord LX 4-Dr Sedan||$874||$437||$73|
|Honda CR-V EX 2WD||$774||$387||$65|
|Honda Civic SI 2-Dr Coupe||$1,364||$682||$114|
|Honda Odyssey LX||$952||$476||$79|
|Nissan Altima Hybrid 4-Dr Sedan||$1,082||$541||$90|
|Toyota Camry SE||$1,336||$668||$111|
|Toyota Corolla S||$1,336||$668||$111|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$896||$448||$75|
|Get Your Own Custom Quote Go|
Price data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Prices do not factor in vehicle garaging location which can influence premiums noticeably.
Impact of careless driving on car insurance rates
The illustration below illustrates how violations and at-fault accidents raise Nissan Altima premium costs for different age groups. The costs are based on a single female driver, full coverage, $100 deductibles, and no other discounts are factored in.
Nissan Altima rates are for example purposes only. To get rates for your specific vehicle, click here.
Does it make sense to buy full coverage?
The illustration below shows the difference between Kia Optima insurance rates with liability coverage only compared to full coverage. Data assumes no claims or driving violations, $250 deductibles, married male driver, and no discounts are taken into consideration.
Kia Optima rates are for example purposes only. To get rates for your specific vehicle, click here.
Guidelines for dropping full coverage
There is no specific rule to eliminate comp and collision coverage, but there is a general convention. If the yearly cost of comp and collision coverage is 10% or more of replacement cost minus your deductible, then you might want to consider buying only liability coverage.
For example, let's say your Kia Optima replacement cost is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company would pay you is $8,000 after the deductible is paid. If you are paying in excess of $800 annually for full coverage, then you might consider buying liability only.
There are some scenarios where buying only liability insurance is not financially feasible. If you still have a lienholder on your title, you must maintain physical damage coverage to protect the lienholder's interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not eliminate full coverage.
Smart buyers can cut your costs
Many factors are part of the equation when you get your auto insurance bill. Some of the criteria are obvious like an MVR report, but some are less apparent like where you live or how financially stable you are.
Male costs may be higher - Statistics show that women are safer drivers than men. Now that doesn't mean females are better at driving than males. Both sexes tend to get into at-fault accidents in similar numbers, but males get into accidents with more damage. Not only that, but men also get higher numbers of serious violations like driving under the influence (DUI). Young men ages 16 to 20 are several times more likely to be in an accident and therefore are the most expensive to insure.
Get better rates if married - Being married may cut your premiums when shopping for car insurance. It translates into being more mature and responsible and statistics prove married drivers get in fewer accidents.
Discounts for auto and home policies - Many insurance companies afford better rates to buyers that purchase more than one policy in the form of a multi-policy discount. Even if you already get this discount, you may still want to comparison shop to ensure the best deal.
Insurance rates and vehicle performance - The make and model of the car you are buying insurance for makes a big difference in your auto insurance rates. The lowest base rates will generally be found on smaller low performance passenger vehicles, but the final cost of insurance is determined by many other factors.
Raise physical damage deductibles and save - The deductibles you choose tell how much the insured will be required to pay before your car insurance pays a claim. Insurance for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your car. Examples of covered claims are a windshield broken by a bird, animal collisions, or theft of your vehicle. The more expense you pay before a claim is paid (deductible), the better rate you will receive.
Compare rates but still have a neighborhood Philadelphia auto insurance agent
A lot of people just prefer to get professional advice from a licensed agent and that is just fine! The best thing about getting free rate quotes online is the fact that you can find lower prices but also keep your business local.
After filling out this simple form, the quote information is submitted to insurance agents in Philadelphia who will gladly provide quotes to get your business. You don't have to leave your computer because prices are sent to you directly. You can get cheaper auto insurance rates and a licensed agent to work with. If you need to get a price quote for a specific company, you just need to jump over to their website and fill out the quote form the provide.
Selecting an provider requires more thought than just a cheap price. Here are some questions to ask:
- Do they assist clients in filing claims?
- What insurance company do they write the most business with?
- Will they give you a referral list?
- What will you get paid if your car is a total loss? How is that amount determined?
- What are the financial ratings for the companies they represent?
- Does the agency have a good rating with the Better Business Bureau?
If you want a reliable agent, there are two different types of agents to choose from. Auto insurance agencies can either be independent or exclusive.
These agents can usually just insure with one company and some examples include State Farm, Allstate, or Farmers Insurance. Exclusive agencies are unable to provide other company's prices so they have no alternatives for high prices. These agents are trained well in insurance sales which helps overcome the inability to quote other rates.
Listed below is a list of exclusive agencies in Philadelphia who may provide you with price quote information.
Independent Agencies or Brokers
These agents do not have single company limitations and that gives them the ability to insure through many different auto insurance companies and find the cheapest auto insurance rates. If you want to switch companies, an independent agent can move your coverage and you won't have to switch agencies. When comparing auto insurance rates, it's recommended you get quotes from several independent agencies to have the best price comparison.
Shown below is a short list of independent insurance agencies in Philadelphia that can give you comparison quotes.
Auto insurance does more than just protect your car
Despite the fact that auto insurance is not cheap in Philadelphia, auto insurance is a good idea for several reasons.
First, almost all states have mandatory insurance requirements which means the state requires specific limits of liability insurance if you want to drive legally. In Pennsylvania these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
Second, if you have a lien on your car, almost every bank will have a requirement that you carry insurance to guarantee their interest in the vehicle. If you do not keep the policy in force, the bank may insure your vehicle at a more expensive rate and require you to reimburse them much more than you were paying before.
Third, insurance protects both your assets and your vehicle. Insurance will pay for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. One of the most valuable coverages, liability insurance, also pays for attorney fees and expenses if you are sued as the result of your driving. If your car is damaged in a storm or accident, collision and comprehensive coverages will pay to restore your vehicle to like-new condition.
The benefits of buying auto insurance are without a doubt worth the cost, especially if you ever need it. Unknowingly, the average driver is overpaying over $700 annually so shop around once a year at a minimum to ensure rates are competitive.
Compare. Compare. Compare.
Lower-priced car insurance in Philadelphia can be bought both online as well as from independent agents in Philadelphia, and you should be comparing both in order to have the best chance of saving money. Some insurance companies do not offer the ability to get quotes online and usually these small insurance companies only sell coverage through independent agencies.
As you restructure your insurance plan, do not skimp on critical coverages to save a buck or two. In too many instances, an insured dropped liability coverage limits and found out when filing a claim that their decision to reduce coverage ended up costing them more. Your goal is to buy enough coverage at an affordable rate while not skimping on critical coverages.
Additional detailed information can be found by following these links:
- Understanding Rental Car Insurance (Insurance Information Institute)
- Who Has Cheap Auto Insurance Rates for 16 Year Olds in Pennsylvania? (FAQ)
- What is the Cheapest Car Insurance in Hazleton, PA? (FAQ)
- What Insurance is Cheapest for Teenage Females in Pennsylvania? (FAQ)
- Who Has Cheap Car Insurance for Drivers with a Bad Driving Record in Pennsylvania? (FAQ)
- Who Has the Cheapest Car Insurance for a Subaru Outback in Pennsylvania? (FAQ)
- Who Has Cheap Auto Insurance for a Chevrolet Silverado in Pennsylvania? (FAQ)
- New head restraint design cuts injuries (Insurance Institute for Highway Safety)
- Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)