The average cost of auto insurance in Philadelphia is $778 for minimum coverage and $3,194 for full coverage. Auto insurance in Philadelphia can be more expensive than in other parts of the country, so researching the best coverage can help you save money.
Almost 9 million people in Pennsylvania are allowed to drive. With so many people on the road, it’s no surprise that in Penndot 2019 reports, there were 125,267 accidents, 76,243 injuries in car-related crashes, and 1,059 fatalities in car-related crashes.
Philadelphia drivers need affordable car insurance that will protect them financially in the event of an accident. To identify the best car insurance companies in Philadelphia, we looked at a variety of factors, including customer satisfaction scores and the average cost for minimum and full coverage.
Best car insurance companies in Philadelphia
We used many criteria to narrow down our top five car insurance companies in Philadelphia. These included JD Power ratings, average prices for minimum and full coverage based on 2021 rate data, and available discounts.
Here are the best cheap car insurance companies in Philadelphia:
|insurance company||JD Power Customer Satisfaction Score||Average annual premium for minimum coverage||Average annual premium for full coverage|
|Geico||841 / 1000||$371||$1,299|
|USAA||890 / 1000||$388||$1,819|
|progressive||828 / 1000||$499||$1,936|
|state farm||855 / 1000||$503||$1,878|
|Erie||850 / 1000||$521||$2,220|
Geico is one of the cheapest providers in Philadelphia. Not only does it offer great rates, but it also offers many of the best car insurance discounts to lower your premium even further. Moreover, many discounts offered by Geico can save you a lot of money. For example, you can save 25% on your policy by insuring two or more cars, and you can save up to 23% if you drive a car with airbags.
Learn more: Geico Insurance Review
USAA is nationally recognized as one of the best insurance companies in the market. If you haven’t heard of it, there’s a good reason for it. The USAA currently serves only active duty and retired military personnel and their immediate family members. However, if you qualify, USAA offers exceptional customer service, as well as naturally low rates. USAA even offers a few unique discounts, such as its Garage Discount. If you are abroad or away from your vehicle for an extended period of time and need to store your car, USAA may give you a 60% discount on your premium.
Learn more: USAA Insurance Review
Progressive makes it easy to get car insurance quotes in Philadelphia. In fact, if you go to their website, it’s one of the first things you’ll see. Progressive is also one of the few companies that lets you research coverage options based on your budget. Not only will this show you the type of fonts you could get with them at your price, but it will also show you the types of fonts you could get with other companies. Simply put, Progressive lives up to its name.
Learn more: Progressive Insurance Review
State Farm gets top marks year after year for customer service. State Farm offers all the deep discounts you’d expect from a national carrier, but it also has a few more. Our favorite is the Drive Safe & Save discount. With this discount, State Farm looks at your driving habits and uses that data to help you save even more if it likes what it sees.
Learn more: State Farm Insurance Review
Many drivers claim that Erie offers the best car insurance in Philadelphia. While not the cheapest on the list, Erie offers plenty of coverage options, such as Personal Items Coverage and Pet Coverage to protect your pet in the event of a car injury. With personal effects coverage, Erie will insure your personal effects for up to $350 if they are damaged or stolen from your vehicle.
Learn more: Erie Insurance Review
Cheapest car insurance in Philadelphia
Compared to the rest of Pennsylvania, Philadelphians pay significantly more. For minimum coverage, the average cost most drivers pay in Pennsylvania is $371 for minimum and $1,606 for full. That means Philadelphians pay $407 more for the minimum and $1,588 more for full coverage. Therefore, finding the cheapest provider is a must for many people on a tight budget.
Each company below recently received outstanding scores with JD Power (the company that measures customer satisfaction). USAA came in first while State Farm came in second, but they all performed very well compared to other insurers in the market.
Financial strength is no different.
Each company also has a great mobile app for filing claims, paying your bill, or checking the status of your claim. Each company has a large list of discounts that you can take advantage of. In short, Geico, USAA, Progressive, State Farm, and Erie are each a great provider. However, they have different pricing algorithms, so it’s worth getting a quote from each before deciding which provider to choose.
|insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
Philadelphia Insurance Requirements
Pennsylvania requires all drivers to have, at a minimum, at least Policy 15/30/5. This means insurers must provide up to:
- $15,000 for medical expenses per person per accident
- $30,000 for medical expenses per accident
- $5,000 for property damage
Even though Pennsylvania is a no-fault state, that doesn’t mean you can’t be sued if the damages you cause are found to be excessive. You should seriously consider opting for a full coverage plan.
You also need comprehensive coverage if you plan to lease or finance your vehicle because the car dealership will require it. This means that when shopping, you can’t just look for the lowest number for minimum coverage. You will have to dig deeper to see who is the cheapest provider for you.
Discounts on car insurance in Philadelphia
The amount you’ll save with each discount listed below varies from company to company. However, each offers significant savings to Philadelphia drivers that are worth investigating:
- Defensive Driving Discount: You can often get this discount by taking a defensive driving course online, but if you prefer in person, that can easily be done too. Philadelphia has several locations to choose from.
- Discount for multiple vehicles: With most insurers, insuring multiple vehicles with one company will get you a sizeable reduction on your premium. Falling under the “customer loyalty” category, this discount can easily be combined with other discounts to help you save even more, such as using the same company for renters, condos or homeowners insurance.
- Pay in full: Many companies offer discounts of up to 10% for paying your premium in full. If you opt for full coverage and have an annual premium of around $2,000, that’s a savings of $200
- Anti-theft: Philadelphia drivers can help their insurer sleep a little easier at night by installing anti-theft devices. How much you’ll save really depends on your provider.
- Discount based on usage: Many providers offer discounts based on driving behavior. Therefore, the amount you could save each month varies depending on the type of driver you are. If you follow the speed limit and follow all traffic laws strictly, this discount can save you a significant amount of money over months and years.
Frequently Asked Questions
What is the best car insurance company?
There are many variables to consider when choosing the best auto insurance company. Each company uses specific rate factors to determine the cost of your car insurance, including the type of car you drive, your driving history, age and gender. To get the cheapest auto insurance, it’s worth researching and comparing quotes from multiple providers to make sure you find the best deal.
Does Philadelphia have a lot of underinsured/uninsured drivers?
Information for Philadelphia alone does not exist. However, at the state level, Pennsylvania is actually one of the lowest states for uninsured drivers. Since the Latest study from the Insurance Information InstitutePennsylvania only has an uninsured rate of about 7.6%.
Is Pennsylvania a no-fault state?
Yes it is. This means that each person must have sufficient insurance to cover their own medical expenses and property damage. However, people can still seek compensation through the court if the damage is excessive.
Bankrate uses Quadrant Information Services to analyze rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates shown are based on a 40-year-old male and female with a clean driving record, good credit and the following full coverage limits:
- Civil liability of $100,000 in bodily injury per person
- Civil liability of $300,000 in bodily injury per accident
- Civil liability of $50,000 in property damage per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 aggregate deductible
To determine minimum coverage limits, Bankrate has used minimum coverages that meet each state’s requirements. Our sample drivers own a 2019 Toyota Camry, commute five days a week, and drive 12,000 miles a year.
These are sampling rates and should only be used for comparison purposes. Your quotes may be different.