Finding low-cost car insurance is not easy, and determining which company has the lowest-priced insurance rates for safe drivers will require additional perseverance. Every insurance provider has a unique formula for determining prices, so we’ll go over the overall cheapest insurance companies in Philadelphia, PA.
Lowest Insurance Price Quotes for Safe Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | General Casualty | $726 |
| 2 | Travelers | $787 |
| 3 | Penn National | $808 |
| 4 | USAA | $809 |
| 5 | Erie | $824 |
| 6 | Auto-Owners | $1,003 |
| 7 | Amica | $1,012 |
| 8 | Atlantic States | $1,036 |
| 9 | Donegal Mutual | $1,091 |
| 10 | GEICO | $1,111 |
| 11 | Allied | $1,155 |
| 12 | State Farm | $1,198 |
| 13 | California Casualty | $1,222 |
| 14 | State Auto | $1,279 |
| 15 | Encompass | $1,398 |
| 16 | Harleysville | $1,438 |
| 17 | Mutual Benefit Group | $1,454 |
| 18 | Progressive | $1,472 |
| 19 | Nationwide | $1,491 |
| 20 | Chubb | $1,583 |
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General Casualty may offer some of the lowest car insurance rates in Philadelphia at around $726 a year. Travelers, Penn National, USAA, and Erie would also make the list of some of the best Philadelphia, PA insurance companies.
As shown in the rates above, if you are a customer of Travelers and switched to General Casualty, you might achieve an annual premium reduction of approximately $61. Insureds with Penn National may save as much as $82 a year, and USAA policyholders might reduce prices by as much as $83 a year.
To see if your current coverage is too expensive, click here to start your custom quote or quote rates from the companies below.
It’s important to note that these premiums are averaged across all drivers and vehicles in Pennsylvania and are not factoring in an exact vehicle garaging location for safe drivers. So the insurer that can offer you the lowest price may not even be in the list above. That emphasizes why you need to get quotes using your own specific driver and vehicle information.
One of the more important factors that help determine car insurance rates is where your car is garaged in Philadelphia. More densely populated places will most likely have higher rates, whereas areas with less crime or weather claims benefit from having to pay less for coverage.
The following table shows the most costly cities in Pennsylvania for safe drivers in which to purchase auto insurance. Philadelphia shows up at #1 with the annual price of $1,977 for the average insured, which is around $165 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Philadelphia | $1,977 |
| 2 | Drexel Hill | $1,534 |
| 3 | Chester | $1,393 |
| 4 | Levittown | $1,365 |
| 5 | Norristown | $1,320 |
| 6 | Allentown | $1,141 |
| 7 | Erie | $1,115 |
| 8 | Pittsburgh | $1,085 |
| 9 | Scranton | $1,081 |
| 10 | Plum | $1,079 |
| 11 | Reading | $1,077 |
| 12 | Easton | $1,069 |
| 13 | Wilkes-Barre | $1,057 |
| 14 | Hazleton | $1,056 |
| 15 | Bethlehem | $1,055 |
| 16 | Municipality of Monr | $1,049 |
| 17 | Altoona | $1,042 |
| 18 | New Castle | $1,026 |
| 19 | Harrisburg | $995 |
| 20 | Williamsport | $986 |
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Information shown are estimated as the specific garaging location can increase or decrease auto insurance rates significantly.
Full coverage rates compared to liability only
Paying less for insurance is important to most people, and a good way to pay lower rates for insurance for safe drivers is to buy only liability coverage. The illustration below illustrates the comparison of insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Pennsylvania. The price estimates are based on no claims or driving citations, $250 deductibles, drivers are not married, and no discounts are applied.
If averaged for all ages, comp and collision coverage costs $2,311 per year more than just buying liability insurance. That touches on the question if buying full coverage is worth the money. There is no clear-cut rule for excluding comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than 10% of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.
Best insurance company in Philadelphia
Picking a good quality insurer is difficult considering how many different insurance companies sell coverage in Philadelphia. The ranking information below can help you choose which auto insurance companies you want to consider comparing rates from.
These rankings are only comprised of the largest companies in the United States, so companies without a large exposure are not taken into consideration for these rankings. If you’d like to compare prices and find cheaper insurance for safe drivers, simply click here.
Top 10 Major Auto Insurers Overall in Philadelphia
- The General
- Titan Insurance
- The Hartford
- Progressive
- Travelers
- State Farm
- Farmers Insurance
- Erie Insurance
- Safeco Insurance
- USAA
Why are you paying too much for Philadelphia car insurance?
Pennsylvania insurance rates are impacted by many things that can increase the cost of a policy. Improving your credit rating, buying a home, or getting into an accident may cause policy rate changes that can cause some rates to be more affordable than others. Additionally, insurance companies change the rates they charge in Pennsylvania every year in order to protect their financial rating. An extended period of higher than normal claims can result in higher priced premiums, while lower claim expenses may produce lower-priced Philadelphia car insurance rates.
As an example, the data below shows the companies that have the cheapest car insurance in Philadelphia, PA for a 40-year-old male driver with no accidents or violations, and a high credit rating. If we compare prices based on his current risk factors, General Casualty may offer the cheapest car insurance rates in Philadelphia at $1,752 annually. This is $95 more than the average price paid by Pennsylvania drivers of $1,657. USAA, Travelers, Erie, and Penn National also make the list of the cheapest Philadelphia, PA auto insurance companies.
In this next rate comparison, we will give the driver in the first example a claim or two, bad credit, and a stop sign violation. Because each company has a unique formula for establishing rates, comparing rates could now result in a completely different list of the cheapest companies as shown below.
Auto-Owners now has the best insurance rate in Philadelphia, PA with Atlantic States, Donegal Mutual, Travelers, and Erie completing the list. This illustrates why drivers need to take the time to shop around when trying to get the most economical auto insurance quotes for safe drivers. Prices are influenced by many different factors and change substantially, so the lowest-price company three years ago may now be quite expensive.