bestauto insurancePhiladelphia2022Compare the Cheapest Car Insurance Quotes in Philadelphia, PA
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 Auto Insurance Rates
Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.
Advertising & Editorial DisclosureLast Updated: 9/22/2022
Written By |
Mark Fitzpatrick
Travelers offers the most affordable auto insurance in Philadelphia for full coverage car insurance with an annual premium of approximately $1,547. GEICO has the cheapest state minimum insurance at $639 per year, and Erie is the most affordable option for drivers with tickets at $1,637.
While only available to members of the military and their families, USAA has the least expensive coverage available in Philadelphia. Overall, however, New Jersey Manufacturers is MoneyGeek’s top pick for auto insurance because it balances superior customer service with affordability.
bestauto insurancePhiladelphia2022The Cheapest and Best Car Insurance in Philadelphia
The Cheapest Car Insurance Companies in Philadelphia
The cheapest options for drivers looking for a full coverage policy in Philadelphia are:
- Travelers: $1,547 per year
- GEICO: $1,565 per year
USAA offers the cheapest policies for current and former military members at $1,102 per year.
Travelers offers the cheapest car insurance in Philadelphia for full coverage: it’s $1,661 cheaper than the most expensive policy, through MetLife. A full-coverage policy includes both comprehensive and collision insurance. The price of your car insurance policy depends in large part on the type of coverage you select.
Cheapest Car Insurance in Philadelphia
Full Coverage 100/300/100
- Company100/300/100per year
- 1.$1,102
- 2.$1,547
- 3.$1,565
- 4.$1,578
- 5.$1,597
MoneyGeek’s analysis is based on average rates for a 40-year-old male driver in Philadelphia with a full coverage policy as per our methodology.
A full coverage auto insurance is more expensive than minimum coverage but adds comprehensive and collision insurance to the requisite state minimum liability. This provides valuable protection against the cost of damage to your vehicle as follows:
- Comprehensive Coverage: If your car gets damaged outside of an accident, this coverage pays for your repairs.
- Collision Coverage: This coverage pays for damage to your vehicle if you’re at fault in an accident.
It’s important to keep in mind that if you choose full coverage for an older car, you may end up paying more for insurance than the actual value of your car. It may be better to choose liability-only insurance or state minimum to avail yourself of the cheapest rates.
Compare Car Insurance Rates in Philadelphia
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
Cheapest Car Insurance in Philadelphia for Minimum Coverage
The most affordable auto insurance in Philadelphia is one that meets the state’s minimum coverage requirements only. The most affordable options in the city are:
- GEICO: $639 per year
- Erie: $680 per year
USAA is the cheapest option for current and former military members in Philadelphia at $412 per year. When it comes to minimum coverage policies, GEICO’s annual premium is $1,379 cheaper than the most expensive provider, MetLife.
Although minimum coverage plans may be the cheapest option, they do not include comprehensive and collision coverage and have significantly lower liability limits. This could put you at risk of having insufficient coverage in the event of an accident.
To know how costs may differ for higher liability limits, check out the table below.
Cheapest Minimum Liability Car Insurance in Philadelphia
State Minimum
- CompanyState Minimumper year
- 1.$412
- 2.$639
- 3.$680
- 4.$773
- 5.$903
An insurance policy that meets Pennsylvania’s minimum requirements is liability-only coverage. Although this is the cheapest insurance option in Philadelphia, it provides the least protection. That means if you’re in an accident, you may be responsible for paying a substantial amount for damages or injury.
For example, if you’re at fault in an accident and the other driver’s medical bills are $30,000, Pennsylvania minimum liability pays $15,000 per person for bodily injury. You would be personally responsible for the remaining $15,000.
Pennsylvania Minimum Liability Requirements
- ItemDescription
- 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.
Cheapest Car Insurance in Philadelphia if You Have Driving Violations
Driving violations such as speeding tickets, DUIs, and at-fault accidents will almost invariably increase your car insurance premiums, sometimes by quite a bit. Depending on the violation, the cheapest insurers in Philadelphia are:
- Cheapest after a ticket: Erie, $1,637 per year
- Cheapest after an at-fault accident: State Farm, $1,885 per year
- Cheapest after a DUI: State Farm, $1,741 per year
If you’re a driver with a poor record in Philadelphia, you can improve your driving history over time which should help reduce your insurance premiums. In the meantime, though, it’s a good idea to explore the cheapest car insurance options for drivers with bad records.
Cheapest Car Insurance in Philadelphia With a Violation
Speeding Ticket
- CompanySpeeding Ticketper year
- 1.$1,229
- 2.$1,637
- 3.$1,741
- 4.$1,826
- 5.$1,926
Average Cost of Car Insurance in Philadelphia
Philadelphia$2,134
PA$1,818
U.S.$1,424
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.
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.
Compare Car Insurance Rates in Philadelphia
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
The Best Car Insurance Companies in Philadelphia
MoneyGeek ranked the best insurance options for drivers in Philadelphia that offer a balance of affordability and quality customer service. The best auto insurance companies in Philadelphia based on these factors 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 scores were calculated based on several factors, including customer satisfaction, affordability and financial stability ratings by data analytics and consumer intelligence company J.D. Power.
1
USAA
Score:100
2
New Jersey Manufacturers
Score:98
3
GEICO
Score:93
4
Hartford
Score:88
5
State Farm
Score:85
6
Travelers
Score:85
7
Progressive
Score:80
8
Nationwide
Score:78
9
Farmers
Score:75
10
CSAA
Score:75
11
Allstate
Score:75
12
Plymouth Rock Assurance
Score:73
13
Liberty Mutual
Score:73
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
- 19148$1,984
- 19111$2,005
- 19149$2,023
- 19134$2,117
- 19124$2,204
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.
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