Cheap Auto Insurance Philadelphia: What You Need to Know

by

If you live in Philadelphia, finding affordable auto insurance can be a challenge. The high cost of living and the city’s high crime rate all contribute to higher insurance rates. However, with some research and effort, you can find cheap auto insurance in Philadelphia. In this article, we’ll cover everything you need to know about finding affordable car insurance in the city.

Table Contents show

What factors affect the cost of auto insurance in Philadelphia?

Several factors affect the cost of auto insurance in Philadelphia. These include:

Factor
How It Affects Insurance Rates
Age
Younger drivers generally pay more for insurance
Gender
Male drivers generally pay more for insurance
Driving record
Drivers with accidents or tickets on their record pay more for insurance
Location
Drivers in high-crime areas pay more for insurance
Type of car
Luxury or high-performance cars are more expensive to insure
Deductible
Choosing a higher deductible can lower your insurance rates
Coverage limits
Choosing lower coverage limits can lower your insurance rates

Keep these factors in mind when shopping for auto insurance in Philadelphia. By understanding how they affect your rates, you can make informed decisions about your coverage.

How can I find cheap auto insurance in Philadelphia?

To find cheap auto insurance in Philadelphia, you’ll need to do some comparison shopping. Here are some steps you can take:

  • Shop around. Get quotes from multiple insurance companies to compare rates.
  • Consider bundling your insurance. Many companies offer discounts if you bundle your auto insurance with other types of insurance, like homeowners or renters insurance.
  • Choose a higher deductible. A higher deductible means you’ll pay more out of pocket if you get in an accident, but it also means lower insurance rates.
  • Ask about discounts. Many insurance companies offer discounts for things like safe driving, good grades (for students), and low mileage.

What are some of the cheapest auto insurance companies in Philadelphia?

Here are some of the cheapest auto insurance companies in Philadelphia, based on average premiums:

Company
Average Premium
USAA
$1,116
State Farm
$1,135
GEICO
$1,218
Nationwide
$1,284
Progressive
$1,307

What coverage should I get for auto insurance in Philadelphia?

The minimum required auto insurance coverage in Pennsylvania is:

  • $15,000 for bodily injury per person
  • $30,000 for bodily injury per accident
  • $5,000 for property damage per accident

If you’re financing a car, your lender may require you to have collision and comprehensive coverage as well. Additionally, you may want to consider higher liability limits and uninsured/underinsured motorist coverage to protect yourself in case of an accident.

FAQs

What is the cheapest auto insurance company in Philadelphia?

USAA is generally considered to be the cheapest auto insurance company in Philadelphia, with an average premium of $1,116.

How can I get a discount on auto insurance in Philadelphia?

You can get a discount on auto insurance in Philadelphia by bundling your insurance, choosing a higher deductible, and asking about discounts for safe driving, good grades, and low mileage.

What is the minimum required auto insurance coverage in Pennsylvania?

The minimum required auto insurance coverage in Pennsylvania is $15,000 for bodily injury per person, $30,000 for bodily injury per accident, and $5,000 for property damage per accident.

Should I get collision and comprehensive coverage?

If you’re financing a car, your lender may require you to have collision and comprehensive coverage. Even if it’s not required, it’s a good idea to have this coverage to protect your investment in your car.

What are uninsured/underinsured motorist coverage?

Uninsured/underinsured motorist coverage protects you if you’re in an accident with someone who doesn’t have insurance or doesn’t have enough insurance to cover the damages. This coverage can help you pay for medical bills and car repairs.

Conclusion

Finding cheap auto insurance in Philadelphia can be challenging, but with some research and effort, it’s possible to find affordable coverage. By understanding the factors that affect your rates and taking steps to lower your premiums, you can save money on auto insurance without sacrificing coverage.

Rekomendasi: