Cheapest Car Insurance Companies in Philadelphia, PA (2024 Rates)


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ByMark Fitzpatrick
Reviewed byMark Friedlander
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ByMark Fitzpatrick
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Reviewed byMark Friedlander
Edited byScott Strandberg
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Updated: May 20, 2024

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Your most affordable car insurance option may differ based on your specific driver profile. Travelers offers the lowest prices for both minimum and full coverage car insurance as well as for drivers with a history of speeding tickets and at-fault accidents. It’s also the cheapest for military personnel, young adults, seniors and sports car owners. State Farm is the cheapest choice for drivers with DUIs, while Nationwide is the most budget-friendly alternative for teen drivers and those with poor credit scores.

MoneyGeek also evaluated the best car insurance providers in Philadelphia that strike an ideal balance between affordability and top-notch service.

MoneyGeek Logo IconCheapestCar InsurancePhiladelphia
2024

Cheapest Car Insurance in Philadelphia, PA

Why Trust MoneyGeek? We gathered Philadelphia car insurance rates using data and information from both the Pennsylvania Insurance Department and Quadrant Information Services.

49,001Quotes Analyzed
 
13Companies Compared

Cheapest Minimum Coverage Car Insurance in Philadelphia

Our analysis reveals that the cheapest car insurance companies in Philadelphia for minimum coverage policies are:

  • Travelers: $463 per year
  • Erie: $543 per year

Dairyland is the costliest provider in the city, providing a minimum coverage policy of $2,041 annually. On a statewide basis, Westfield offers the cheapest auto insurance in Pennsylvania for minimum coverage at $267 yearly as of October 2022. This disparity highlights the influence of location and population density on the cost of auto insurance.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Minimum Coverage
TravelersAnnual Premium$463Monthly Premium$39
ErieAnnual Premium$543Monthly Premium$45
WestfieldAnnual Premium$570Monthly Premium$48
State FarmAnnual Premium$595Monthly Premium$50
American National P&CAnnual Premium$602Monthly Premium$50
Auto-Owners Insurance CoAnnual Premium$604Monthly Premium$50
AllstateAnnual Premium$678Monthly Premium$57
ProgressiveAnnual Premium$744Monthly Premium$62
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The minimum requirements for auto insurance policies in Pennsylvania provide coverage for bodily injuries, property damage and first-person medical benefits, with limits as follows:

  • $15,000 bodily injury liability per person
  • $30,000 bodily injury liability per accident
  • $5,000 property damage liability per accident
  • $5,000 first party benefits

If you cause $50,000 in third-party injuries in an at-fault accident and you have minimum coverage, your insurer will only cover $30,000. You will be required to pay the remaining $20,000.

Cheapest Full Coverage Car Insurance in Philadelphia

The following companies offer the most affordable full coverage car insurance in Philadelphia:

  • Travelers: $1,032 per year
  • Nationwide: $1,224 per year

Dairyland is the priciest provider of full coverage car insurance in Philadelphia, with an average cost of $4,736 per year. Looking at the state as a whole, Nationwide offers the cheapest full coverage car insurance in Pennsylvania as of October 2022, with an average rate of $580 per year, indicating that Philadelphia has higher rates than other cities in the Keystone State.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
TravelersAnnual Premium$1,032Monthly Premium$86
NationwideAnnual Premium$1,224Monthly Premium$102
Auto-Owners Insurance CoAnnual Premium$1,271Monthly Premium$106
State FarmAnnual Premium$1,310Monthly Premium$109
ErieAnnual Premium$1,369Monthly Premium$114
American National P&CAnnual Premium$1,441Monthly Premium$120
AllstateAnnual Premium$1,475Monthly Premium$123
WestfieldAnnual Premium$1,552Monthly Premium$129

A full coverage policy adds comprehensive and collision insurance.

  • Collision insurance: This covers damages to your vehicle resulting from an at-fault accident due to a collision with another car or object, such as a tree, fence or light pole.
  • Comprehensive insurance: This covers damages to your vehicle caused by non-collision incidents such as theft, vandalism, animal damage, falling branches, fire, flooding and other severe weather events.

If you own an older, low-value vehicle, paying hundreds of dollars more per year for full coverage may not be worthwhile.

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Cheapest Car Insurance in Philadelphia After a Driving Offense

The following insurance providers offer the cheapest full coverage car insurance in Philadelphia for drivers with offenses:

  • Speeding ticket: Travelers ($1,302 per year)
  • At-fault accident: Travelers ($1,421 per year)
  • DUI: State Farm ($1,475 per year)

Dairyland has the most expensive average annual premiums for drivers with speeding tickets and at-fault accidents, charging an average of $5,994 and $6,539, respectively. Meanwhile, Westfield has the highest rate for drivers with DUIs, with an average premium of $6,551 per year. Driving offenses can significantly raise car insurance premiums, so even the cheapest rates for drivers with violations will still be much higher than for those with clean driving records.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Incident:
Incident:Speeding
TravelersAnnual Premium$1,302Monthly Premium$109
Auto-Owners Insurance CoAnnual Premium$1,337Monthly Premium$111
State FarmAnnual Premium$1,475Monthly Premium$123
AllstateAnnual Premium$1,475Monthly Premium$123
ErieAnnual Premium$1,552Monthly Premium$129
WestfieldAnnual Premium$1,699Monthly Premium$142
NationwideAnnual Premium$1,765Monthly Premium$147
American National P&CAnnual Premium$2,018Monthly Premium$168

Typically, car insurance premiums rise with the severity of the driving violation. In Philadelphia, receiving a speeding ticket results in an average annual increase of $467 in car insurance premiums, whereas a DUI can add an extra $1,433 to your yearly expenses. However, it's still possible to find cheap auto insurance with a bad driving record if you shop around for discounts and compare rates.

Cheapest Car Insurance in Philadelphia for Teens and Their Families

These are the cheapest auto insurance providers in Philadelphia for teenagers included in a family policy:

  • Nationwide: $2,676 per year for male and female teens
  • Travelers: $3,015 per year for male and female teens

With an average rate of $6,755 per year, Progressive has the highest rates for insuring teenagers on a family policy.

Data filtered by:Results filtered by:
Age:
Age:16
Gender:
Gender:Female
NationwideFamily Plan Annual Premium$2,676Individual Plan Monthly Premium$10,546
TravelersFamily Plan Annual Premium$3,015Individual Plan Monthly Premium$13,752
Auto-Owners Insurance CoFamily Plan Annual Premium$3,468Individual Plan Monthly Premium$14,641
State FarmFamily Plan Annual Premium$3,930Individual Plan Monthly Premium$8,919
AllstateFamily Plan Annual Premium$4,033Individual Plan Monthly Premium$16,235
GEICOFamily Plan Annual Premium$6,667Individual Plan Monthly Premium$15,819
ProgressiveFamily Plan Annual Premium$6,755Individual Plan Monthly Premium$19,918

Opting to be included in a family policy rather than buying a separate one is a more cost-effective choice for teenagers. Plus, most teens under the age of 18 cannot legally purchase car insurance without the written consent of a parent or guardian. On average, adding a 16-year-old to a family policy costs $2,393. However, the same teenager would have to pay around $4,415 per year if they purchased a separate policy, which is a 46% increase in rates. It is recommended to compare rates from different providers to find the cheapest car insurance for teens.

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MONEYGEEK EXPERT TIP

In Pennsylvania, auto insurance costs do not vary based on gender. Therefore, unlike in most other cities, male teens do not pay more than female teens for auto insurance in Philadelphia. But, many other individual rating factors will influence how much they pay, whether on a family policy or with their own policy. Examples include ZIP code, motor vehicle record, credit history, type of vehicle and miles driven annually. — Mark Friedlander, Director, Corporate Communications, Insurance Information Institute

Cheapest Car Insurance in Philadelphia for Military Drivers

The most affordable car insurance companies in Philadelphia for those with military backgrounds are:

  • Travelers: $1,032 per year
  • Nationwide: $1,224 per year

Exclusively serving the military community, USAA is another option at a competitive rate of $1,276 per year for full coverage car insurance in Philadelphia. For those seeking minimum coverage, Travelers provides the cheapest car insurance for military drivers, with an average annual premium of $463.

GEICO may also be a great choice for auto insurance if you are part of the military community. It has military-specific discounts that may lower your premium significantly.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
TravelersAnnual Premium$1,032Monthly Premium$86
NationwideAnnual Premium$1,224Monthly Premium$102
Auto-Owners Insurance CoAnnual Premium$1,271Monthly Premium$106
USAAAnnual Premium$1,276Monthly Premium$106
State FarmAnnual Premium$1,310Monthly Premium$109
ErieAnnual Premium$1,369Monthly Premium$114
American National P&CAnnual Premium$1,441Monthly Premium$120
AllstateAnnual Premium$1,475Monthly Premium$123

How to Compare Cheap Philadelphia Car Insurance Quotes Online

To discover the most affordable car insurance rates, it's recommended to compare quotes from various providers. However, it typically involves spending at least 15 minutes filling out forms with personal details just to get a quote from one company.

MoneyGeek's car insurance calculator can quickly provide an estimated rate based on your age, driving record, vehicle and preferred coverage levels by analyzing available data from multiple companies.

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MoneyGeeks's car insurance calculator will give you a customized estimate of your auto insurance cost. It's free to use, requires no personal information and we won't send you any spam.

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Rates updated:

Jun 17, 2024

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Cheapest Car Insurance in Philadelphia for Young Adults

MoneyGeek found that these companies offer the cheapest car insurance for young adults in Philadelphia:

  • Travelers: $1,140 per year
  • Nationwide: $1,457 per year

Dairyland is the most expensive car insurance company for young adults, aged 22 to 29, with an average annual premium of $5,864 for a full coverage policy. Young adult drivers in Philadelphia can expect to pay higher rates for car insurance than middle-aged drivers. We found that drivers in their 20s pay an average of $447 more per year for full coverage car insurance than drivers in their 40s.

Data filtered by:Results filtered by:
Age Group:
Age Group:22-29
Coverage:
Coverage:Full Coverage
TravelersAnnual Premium$1,140Monthly Premium$95
NationwideAnnual Premium$1,457Monthly Premium$121
Auto-Owners Insurance CoAnnual Premium$1,485Monthly Premium$124
State FarmAnnual Premium$1,526Monthly Premium$127
American National P&CAnnual Premium$1,708Monthly Premium$142
ErieAnnual Premium$1,715Monthly Premium$143
AllstateAnnual Premium$1,814Monthly Premium$151
WestfieldAnnual Premium$2,086Monthly Premium$174

Cheapest Car Insurance in Philadelphia for Seniors

The following are the cheapest auto insurance providers for seniors in Philadelphia:

  • Travelers: $986 per year
  • Nationwide: $1,061 per year

For seniors in Philadelphia, Dairyland is the most expensive auto insurance company, charging $4,131 per year for full coverage. Car insurance rates for older drivers are generally cheaper than for middle-aged drivers. On average, a 40-year-old driver in Philadelphia spends $1,868 per year, while a 65-year-old only pays $1,707 per year. However, rates increase as seniors age into their 70s and 80s due to higher accident frequency.

Data filtered by:Results filtered by:
Age Group:
Age Group:60 +
Coverage:
Coverage:Full Coverage
TravelersAnnual Premium$986Monthly Premium$82
NationwideAnnual Premium$1,061Monthly Premium$88
State FarmAnnual Premium$1,189Monthly Premium$99
Auto-Owners Insurance CoAnnual Premium$1,216Monthly Premium$101
AllstateAnnual Premium$1,295Monthly Premium$108
American National P&CAnnual Premium$1,391Monthly Premium$116
ErieAnnual Premium$1,402Monthly Premium$117
WestfieldAnnual Premium$1,458Monthly Premium$122

Cheapest Car Insurance in Philadelphia for Poor Credit

These are the providers offering the cheapest full coverage car insurance in Philadelphia for drivers with poor credit:

  • Nationwide: $1,633 per year
  • Auto-Owners: $1,992 per year

Dairyland charges the highest annual rate for full coverage car insurance for those with poor credit, which costs $6,257 on average. In Philadelphia, individuals with a poor credit history typically pay around 73% more for car insurance compared to those with good credit scores, which equates to roughly $1,363 more annually. Despite the higher premiums, you can still get relatively cheap auto insurance with bad credit by shopping around.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
NationwideAnnual Premium$1,633Monthly Premium$136
Auto-Owners Insurance CoAnnual Premium$1,992Monthly Premium$166
American National P&CAnnual Premium$2,290Monthly Premium$191
AllstateAnnual Premium$2,484Monthly Premium$207
WestfieldAnnual Premium$2,837Monthly Premium$236
State FarmAnnual Premium$2,961Monthly Premium$247
TravelersAnnual Premium$2,973Monthly Premium$248
ErieAnnual Premium$3,262Monthly Premium$272

Auto insurance companies typically charge higher rates to drivers with poor credit because they are perceived as more likely to file claims. However, there are several strategies to lower insurance costs if you have bad credit, including finding discounts, bundling policies and comparing quotes from multiple providers. Improving your credit score can also lead to reduced premiums over time.

Cheapest Car Insurance in Philadelphia for Sports Cars

The following companies offer the cheapest car insurance for sports car drivers in Philadelphia:

  • Travelers: $913 per year
  • Nationwide: $1,372 per year

With an average annual rate of $4,661, Dairyland is the most expensive sports car insurance provider in Philadelphia. The type of car you own can significantly impact your insurance premium. Typically, drivers in Philadelphia who own Toyota Camrys pay an average of $1,868 per year for full coverage car insurance. However, owning a Mustang can increase your premium by about 15% to $2,151 annually.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
TravelersAnnual Premium$913Monthly Premium$76
NationwideAnnual Premium$1,372Monthly Premium$114
Auto-Owners Insurance CoAnnual Premium$1,376Monthly Premium$115
AllstateAnnual Premium$1,499Monthly Premium$125
State FarmAnnual Premium$1,574Monthly Premium$131
GEICOAnnual Premium$2,089Monthly Premium$174
ChubbAnnual Premium$2,706Monthly Premium$226

MoneyGeek analyzed quotes for a Ford Mustang to demonstrate how car insurance rates change for sports cars. However, rates may differ for various models. In Philadelphia, sports, luxury and electric cars are typically more expensive to insure, which is a common trend nationwide.

Average Cost of Car Insurance in Philadelphia

For this analysis, we used full coverage auto insurance policies with bodily injury liability limits of $100,000 per person and $300,000 per accident, along with $100,000 in property damage liability per accident. This policy costs an average of $1,868 annually in Philadelphia. Location, including specific ZIP codes in larger municipalities, is just one of many factors that affect the cost of car insurance.

Full coverage insurance rates in Philadelphia are about $450 higher than the average cost of car insurance in Pennsylvania ($1,418 per year). They are also $603 higher than the national average cost of car insurance ($1,265 per year). Among other cities in Pennsylvania, Philadelphia has the highest auto insurance rates.

AllentownFull Coverage Average Annual Premium$1,073Minimum Coverage Average Annual Premium$437
PittsburghFull Coverage Average Annual Premium$1,093Minimum Coverage Average Annual Premium$423
PhiladelphiaFull Coverage Average Annual Premium$1,868Minimum Coverage Average Annual Premium$772

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.