Cheap Car Insurance in Philadelphia for 2024
Philadelphia is one of the more expensive cities in which to insure a vehicle. On average, insuring a vehicle in Philadelphia is going to cost you somewhere about $3,000 per year.
See our overall recommendations for Best Car Insurance
Who Has the Cheapest Car Insurance in Philadelphia?
- GEICO
- State Farm
- Erie
- Progressive
We pulled data from a number of sources to try and figure out what insurance costs in Philadelphia, on average, for a male driver in his 40s with a clean driving record and no accidents. Remember, this is a GUIDE to what insurance is going to cost. Your mileage is going to vary widely depending on what you drive, where exactly in Philly you live, and a number of other factors.
DISCLAIMER: There are numerous other factors that are going to impact the cost of insurance on your car, crossover, or truck. We’ll provide info on some of those variables, but your best bet is to read our deep dive on Cheap Car Insurance for 2024 to get a better idea.
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Who Has the Best Cheap Car Insurance in Philadelphia?
- Best Large Insurance Carrier - GEICO is the cheapest national insurer.
- Cheapest Insurance from a Smaller Carrier - Erie is the cheapest regional carrier and has rates competitive with larger carriers.
- Cheapest Insurance with One Accident - GEICO offers the best rates with one accident.
- Cheapest Insurance for Higher Mileage - Allstate is the cheapest option if you’re putting lots of miles on your car.
How Much Does Car Insurance Cost in Philadelphia?
In our larger story on car insurance, we found that a national average for auto insurance was $1,800. Although the state of Pennsylvania comes in $2,700, living in Philadelphia sees the number jump to over $3,000.
| Rates we found reported as “typical” or “average” (annual) online | Average (annual) | Adjusted average* (annual) |
|---|
(*) The “adjusted average” is computed by eliminating the highest and lowest values and averaging the remaining values. Car Talk has adjusted the original values to show the 3.91% increase that Business Insider has reported will go into effect in 2021.
What Causes Rates to Go Up in Philadelphia?
The city of Philadelphia is made up of numerous neighborhoods and depending on which you call home, you may pay more for car insurance. Check the rates in various neighborhoods where you might like to live and consider a move if the rate savings make it worth your while.
After your specific location, all the other things that affect the cost of car insurance everywhere else in the country apply: Accidents and citations are the big ones. Your age and gender are the others. Be sure to check our main story on insurance to learn more, and take a look at available discounts, too.
How Do Accidents Affect Rates in Philadelphia?
If you’re in an accident in Philly, your insurance rate can go up as much as 41%. For that reason, driving a car with advanced safety technology like auto emergency braking and adaptive cruise control can be worth the added expense to help keep you out of accidents.
| Range of Rate Increases for One Accident | Average of Rate Increases | Adjusted Average of Rate Increases |
|---|
Keep in mind that this is a guide. Your actual rate increase could vary a lot, especially if you’ve enrolled in an insurer’s optional “Accident Forgiveness” program, which allows you one accident without being surcharged.
How Do Tickets Affect Rates in Philadelphia?
Tickets might seem like they’re less expensive than accidents, but consider that every point on your license adds up and if you have multiple speeding violations in short order, then your insurance will go up.
| Range of Rate Increases for One Speeding Violation | Average of Rate Increases | Adjusted Average of Rate Increases |
|---|
How Can You Get Car Insurance Discounts in Philadelphia?
We have an exhaustive story on the tens of thousands of discount programs available for insurers across the country, based on memberships, military service, and other associations. Pennsylvania offers a Good Student discount for younger drivers that keep their grades above a B average. Mature drivers, families with students who are away and not driving, and teens who take driver safety courses can also get discounts in Philadelphia.
What’s the minimum coverage allowed in Philadelphia?
Pennsylvania law requires at least the following auto insurance coverages: Bodily injury liability coverage: $15,000 per person / $30,000 per accident minimum. Property damage liability coverage: $5,000 minimum.
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