Cheapest car insurance companies in Philadelphia
According to a study by Insurance.com, the cheapest car insurance companies in Philadelphia for 2023 are Travelers and Nationwide.
Travelers has the cheapest car insurance rates in Philadelphia at an average cost of $1,585 per year.
In Philadelphia, what you pay for car insurance depends on factors such as your location, driving history, coverage level, and the insurance carrierAn insurance carrier is the company that provides your car insurance policy and pays claims.. Take time to compare price quotes from at least three insurers to get the best coverage at an affordable rate. The table below shows the car insurance companies with cheap insurance rates.
| Companies | Average annual rates |
|---|---|
| Travelers | $1,585 |
| Nationwide | $2,442 |
| Donegal | $2,758 |
| USAA | $2,791 |
| Geico | $2,977 |
| Erie Insurance | $3,150 |
| Westfield Insurance | $3,374 |
| State Farm | $3,418 |
| Allstate | $3,428 |
| Progressive | $3,449 |
Cheapest car insurance cost in Philadelphia by Age Group
Travelers stands out as Philadelphia's cheapest auto insurance company for teen drivers at an average annual of $4,815. Insurance providers classify teenagers as high-risk drivers, and that's why they typically face increased insurance costs compared to other age groups.
Getting lower rates isn't easy for young drivers, but they can take some steps to increase their chances of getting affordable insurance. Many insurance companies offer good student discounts to drivers who maintain a certain grade point average (GPA). Besides, teen drivers can lower premiums by staying on their parents' insurance.
Travelers provides the cheapest car insurance coverage for young drivers in Philadelphia, with an annual premiumThe payment required for an insurance policy to remain in force. Auto insurance premiums are quoted for either 6-month or annual policy periods. of $2,370 on average.
You'll find that car insurance rates are much lower by the time drivers reach their 30s than they are for drivers in their 20s. The cheapest auto insurance company for adult drivers in Philadelphia is Travelers. Its average rate for a full coverage car insurance policy is $1,589 per year.
Travelers is the cheapest option for senior drivers in Philadelphia, with an average premium of $1,580 a year, significantly lower than most competitors, based on Insurance.com's in-depth data analysis.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| Travelers | $4,815 | $2,370 | $1,589 | $1,580 |
| Geico | $7,698 | $4,625 | $3,036 | $3,003 |
| Westfield Insurance | $7,889 | $5,332 | $3,414 | $3,351 |
| Erie Insurance | $8,548 | $5,143 | $3,162 | $3,223 |
| Nationwide | $8,697 | $3,889 | $2,409 | $2,255 |
| USAA | $9,213 | $4,457 | $2,863 | $2,781 |
| Allstate | $9,755 | $5,804 | $3,409 | $3,384 |
| Donegal | $10,636 | $6,171 | $2,776 | $3,021 |
| State Farm | $11,451 | $5,491 | $3,424 | $3,353 |
| Progressive | $12,206 | $5,671 | $3,446 | $3,447 |
Cheapest car insurance companies in Philadelphia by driver profile
When determining car insurance rates in Philadelphia, insurers consider multiple factors, including the driver's profile. Individuals with a clean driving record enjoy substantially lower premiums than drivers with a history of accidents or traffic citations.
Finding the cheapest car insurance in Philadelphia requires comparing quotes from multiple companies. This way, you can get the best coverage for your budget. Don't settle for the first offer; explore options for the most affordable fit.
Here are some of the cheapest car insurance companies in Philadelphia based on driver profile.
- Cheapest for a driver with poor credit: USAA
- Cheapest for a driver with a speeding ticket: State Farm
- Cheapest for accident: State Farm
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: USAA
USAA is the cheapest car insurance option for drivers with poor credit. Its average annual auto insurance cost for Philadelphia drivers is $2,172.
Below is a list of carriers that offer car insurance at an affordable rate for drivers with poor or less-than-perfect credit scores.
| Company | Average annual rates |
|---|---|
| USAA | $2,172 |
| Nationwide | $2,334 |
| State Farm | $3,294 |
| Geico | $3,589 |
| Travelers | $4,087 |
| Progressive | $4,145 |
| Allstate | $5,390 |
Cheapest for drivers with a speeding ticket: State Farm
Based on recent data analysis, 30-year-old drivers in Philadelphia with speeding tickets on their driving record can get the cheapest car insurance rates from State Farm at an annual cost of $1,704.
Finding the right car insurance company is all about individual needs. Take the time to compare quotes from different carriers and secure the best deal. With careful analysis, you can find an insurance company that provides the best rates and coverage tailored to your specific needs.
| Company | Average annual premium |
|---|---|
| State Farm | $1,704 |
| Travelers | $1,909 |
| Geico | $2,564 |
| USAA | $2,625 |
| Progressive | $2,661 |
| Nationwide | $2,840 |
| Allstate | $3,027 |
Cheapest auto insurance after an at-fault accident: State Farm
If you've had an accident, State Farm might be your best bet for affordable auto insurance.
For Philadelphia drivers with an at-fault accident, State Farm offers the cheapest average annual rate at $1,775. It's a great option if you're looking for affordable coverage that won't break the bank.
After an accident, your insurance rates are likely to go up. Finding a provider with competitive rates can help you minimize the financial impact.
| Company | Average annual rates |
|---|---|
| State Farm | $1,775 |
| Travelers | $2,101 |
| Nationwide | $2,623 |
| Geico | $2,943 |
| USAA | $3,295 |
| Progressive | $3,469 |
| Allstate | $3,875 |
Cheapest auto insurance after a DUI: State Farm
Buying car insurance doesn't have to break the bank. State Farm offers the cheapest full coverage policy in Philadelphia for drivers with a DUI, with an average annual premium of $1,704.
A DUI conviction typically leads to a rise in your auto insurance costs. But if you shop around and compare quotes from various insurers, you can find a good deal on your insurance premiums.
| Company | Average annual rates |
|---|---|
| State Farm | $1,704 |
| Travelers | $2,460 |
| Allstate | $2,964 |
| USAA | $3,093 |
| Progressive | $3,264 |
| Geico | $3,787 |
| Nationwide | $4,701 |
Average car insurance cost in Philadelphia
In Philadelphia, the annual cost of car insurance for the coverage level of 100/300/100 is $2,782 or around $232 per month. However, the average yearly rate for state minimum coverage in Philadelphia is $648.
Full coverage car insurance may cost more than the state minimum, but it offers valuable protection beyond just covering damage to other drivers' vehicles. Unlike state minimum, full coverage includes damage to your vehicle in addition to liability coverage.
You can potentially lower your full coverage premium by comparing quotes from different carriers. It allows you to find the best coverage at a competitive price.
| Average annual Rates | State minimum average |
|---|---|
| $2,782 | $648 |
Methodology
Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:
- 40-year-old male driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.
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