Who Has Affordable Philadelphia Car Insurance Rates for Single Moms?

Wouldn’t life be so easy if we could look into our crystal ball and tell you the company that has the cheapest insurance for single moms? It’s just not that simple, as there are a lot of unknown elements such as the safety features built into your vehicle, whether or not you are currently insured, and if you own or rent your home, that all go into determining the rate you pay. The content below covers some of these topics and should give you some help in finding cheaper rates.

Deciphering which companies have the cheapest insurance rates for single moms calls for a tad more effort than just picking a company at random.

Each auto insurer has a proprietary method for setting prices, so we need to take a look at the insurance companies with the overall best prices in Pennsylvania. It’s important to know that Pennsylvania insurance rates are impacted by many factors which can substantially decrease or increase the cost of having a policy. Simply improving your credit, moving across town, or getting a reckless driving citation can trigger changes in premium that can make some companies more affordable than before.

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General Casualty has some of the lowest car insurance rates in Philadelphia at around $748 a year. Travelers, USAA, Erie, and Penn National would also be considered some of the lowest-priced Philadelphia, PA insurance companies.

In the above rates, if you are insured with Erie and switched to General Casualty, you may realize a yearly price reduction of approximately $76. Pennsylvania drivers with Penn National might save as much as $84 a year, and Auto-Owners customers might realize rate reductions of up to $215 a year.

Be aware that those rates are averages across all drivers and vehicles and are not factoring in a specific vehicle garaging location for single moms. So the auto insurance company that can offer you the lowest price may not even be in the top 30 companies shown above. That underscores the importance of why you need to compare rates from as many companies as possible using your own specific driver and vehicle information.

The vehicle model that is being insured is a significant factor that determines whether or not you find cheap insurance for single moms. Vehicles with lower performance, good crash test ratings, or a low likelihood of liability claims will cost substantially less to insure than higher performance models.

The data below ranks auto insurance costs for a handful of the cheaper automobiles to buy coverage for.

Price data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Estimates do not factor in the specific area where the vehicle is garaged which can affect rates greatly.

Based upon these rates, we can expect vehicles like the Jeep Wrangler, Honda CR-V, Toyota RAV4, and Toyota Tacoma are most likely going to be the cheapest vehicles to insure for single parents.

Selecting a highly-rated auto insurance provider is difficult considering how many companies provide coverage in Philadelphia. The rank data in the next section could help you select which car insurance providers to look at buying from. These rankings include large nationwide companies, so companies that may only write in Pennsylvania will not be included in this list.

Top 10 Major Auto Insurers in Philadelphia Ranked by Value

1. The General
2. The Hartford
3. Titan Insurance
4. Farmers Insurance
5. 21st Century
6. Safeco Insurance
7. AAA Insurance
8. State Farm
9. Travelers
10. Progressive

Top 10 Major Auto Insurers in Philadelphia Ranked by Customer Service

1. Titan Insurance
2. The Hartford
3. American Family
4. Progressive
5. USAA
6. Travelers
7. State Farm
8. GEICO
9. Erie Insurance
10. Allstate

Tickets and at-fault accidents raise rates

The obvious way to score good insurance prices for single parents is to drive carefully and avoid accidents and traffic citations. The illustration below illustrates how violations and at-fault accidents can raise yearly insurance costs for each different age group. The prices are based on a married female driver, full coverage, $1,000 deductibles, and no discounts are factored in.

The data in the chart shows the average cost of an auto insurance policy per year with no accidents and a clean driving record is $1,063. Receive two speeding tickets and the average cost swells to $1,499, an increase of $436 each year. Now throw in one accident along with the two speeding tickets and the 12-month cost of insurance for single moms jumps again to an average of $1,942. That’s an increase of $879, or $73 per month, just for not paying attention while driving!

Why are you paying too much for car insurance?

Philadelphia insurance rates are determined by lots of factors which can significantly increase or decrease the price you have to pay for coverage. Improving your credit score, buying higher coverage limits, or getting a speeding ticket may generate price changes resulting in some companies being cheaper than others. In addition, companies amend pricing multiple times each year in order to remain profitable. Larger than normal claims may result in more expensive premiums, while a profitable period may result in cheaper Philadelphia car insurance rates.

For instance, the bar chart below shows a variety of companies that have the cheapest car insurance in Philadelphia, PA for a 35-year-old male driver with no prior accidents, a clean driving record, and a decent credit rating. When comparing rates based on his current risk profile, General Casualty might quote the most affordable car insurance rates in Philadelphia at $1,701 a year. This is $44 more than the average rate paid by Pennsylvania drivers of $1,657. Travelers, USAA, Erie, and Penn National are the rest of the top five cheapest Philadelphia, PA auto insurance companies.

Now we will pretend the driver from the first set of rates a chargeable accident, a lower credit score, and a couple of points charged on his driving record. Due to the fact that each insurance company has a unique formula to set premium rates, analyzing rates most likely will result in a completely different list of companies as shown below.

Amica now has the best price in Philadelphia, PA with Atlantic States, Donegal Mutual, Penn National, and Travelers now rounding out the top five. This example proves why consumers need to take the time to compare rates to get the most economical auto insurance rates for single moms.

Auto insurance prices are influenced by many different factors and change frequently, so the most economical company the last time you shopped around may now be one of the higher cost companies.