Philadelphia drivers pay $2,134 on average for auto insurance, higher than the annual average in Pennsylvania. The cheapest widely-available insurer in the city is Travelers, with an average rate of $1,547. MoneyGeek analyzed the cheapest carriers by coverage amount and driving history. To help drivers focused on quality and cost, MoneyGeek recommended the best companies for these criteria.
Compare the Cheapest Car Insurance Quotes in Philadelphia, PA
The Cheapest and Best Car Insurance in Philadelphia
The Cheapest Car Insurance Companies in Philadelphia
The cheapest auto insurance companies in Philadelphia for a full coverage policy are:
- USAA: $1,102 per year (only available to current and former military members)
- Travelers: $1,547 per year
On average, USAA provides the most affordable rate among car insurance companies in Philadelphia, with an average premium of $1,102. However, it has strict qualifications for its membership. Only active-duty members of the military, retired veterans, honorably separated former service members and their spouses and children can apply for USAA insurance policies. Meanwhile, Travelers offers the second-most affordable car insurance in Philadelphia at $1,547 on average. In fact, drivers who have coverage from Travelers get around 107.3% cheaper rates compared to those who have a similar policy from Metlife, which is the most expensive car insurance company in the city.
MoneyGeek gathered average auto insurance rates using a sample driver profile, a 40-year-old male driver with a full coverage policy that includes liability insurance and comprehensive and collision insurance.
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Average Cost of Car Insurance in Philadelphia
The average car insurance rate in Philadelphia is $2,134, which is higher than both the state and national average costs of car insurance. In comparison, the city average is 17.4% more than the average annual cost of car insurance in the state of Pennsylvania. Philadelphia drivers also pay around 49.9% more than the national average.
The Best Car Insurance Companies in Philadelphia
MoneyGeek ranked the best companies in Philadelphia to help drivers looking for a balance of affordability and quality service. The top-scoring companies for most drivers are:
- New Jersey Manufacturers: MoneyGeek score of 98 out of 100
- GEICO: MoneyGeek score of 93 out of 100
USAA received the highest score in Philadelphia by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
The final scores, out of a total of 100, are calculated using MoneyGeek’s unique rating system, which includes J.D. Power user satisfaction, affordability and financial stability.
Personalized Quotes to Get You the Cheapest Car Insurance in Philadelphia
Car insurance companies in Philadelphia consider various factors before they finalize the cost. Each car insurance quote depends on the risks associated with the specific driver. Among the factors that they evaluate are the age, gender, ZIP code, driving history and the make and model of the vehicle. These considerations mean that any change in your life’s circumstances can affect your insurance's cost. It is best to get a personalized quote regularly to see if you are qualified to get discounts or rebates. Comparing quotes from different companies can also help you find the best car insurance for you in Philadelphia.
Shopping around for car insurance in Philadelphia could save you $587, which is enough to buy:
Cheapest Car Insurance in Philadelphia by Coverage Amount
In Philadelphia and elsewhere, the coverage level you choose plays a huge role in determining your insurance rates. A state minimum policy costs an average of $1,068 per year in the city. For a full coverage policy, average Philadelphia drivers typically pay $2,134 annually. At $1,066, that’s almost double the price.
Pennsylvania Minimum Liability Requirements
- Bodily Injury and Property Damage$15,000 per person, $30,000 per accident and $5,000 for property damage. A more protective level is 100/300/100.
The plan will depend on the limits of the type and level of coverage. The minimum state liability requirement is $5,000 medical benefits or PIP, $5,000 property damage, and either $15,000 per person or $30,000 per accident for bodily injury liability. You can opt for a 50/100/50 liability-only or full-coverage plan. If you choose this plan, you can get coverage for $50,000 for medical bills, with $100,000 total per vehicle and $50,000 for property damage liability.
Geico is among the car insurance companies in Philadelphia that offer all of these options. Their state minimum liability-only coverage costs an average of $639 and their 50/100/50 liability only costs $871. Adding $515 could get you a full-coverage policy that includes accident expenses.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
- CompanyState Minimumper year50 / 100 / 50per year
- Company50 / 100 / 50per year100 / 300 / 100per year
Cheapest Car Insurance in Philadelphia if You Have Driving Violations
An individual with moving violations on their driving record will get higher insurance rates compared to drivers with clear records. For example, a State Farm policyholder in Philadelphia with a DUI may pay $1,741. This is $144 higher than the average cost for a driver with no violations. If you are a State Farm customer and have been involved in an accident where you are at fault, the cost of your insurance coverage may rise to $1,885.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
Average Cost of Car Insurance by Postal Code
Aside from the state where you live, your ZIP code can also have an impact on the cost of your car insurance. In Philadelphia, the most affordable neighborhood in the city is 19148. Drivers residing there pay around $1,984 for annual car insurance premiums, which is $286 less than the rate for those in the most expensive ZIP code, 19140.
- Zip CodeState Minimumper year
Top Agents Offering Affordable Car Insurance in Philadelphia
Factors That Impact Insurance Costs in Philadelphia
In addition to individual driver needs and history, location-specific factors like personal injury protection coverage requirements and the percentage of uninsured motorists also contribute to car insurance rates in Philadelphia. How Philadelphia ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Philadelphia are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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