Finding the best price on Philadelphia car insurance can be a challenge if you are one of the many people who have never used online quoting. Don’t worry though because comparing rates is actually very simple.
It’s well known that insurance companies want to keep you from shopping around. Drivers who compare rates at least once a year will probably move their business because there is a high probability of finding coverage at a more affordable price. A recent survey discovered that consumers who faithfully checked for cheaper rates saved about $3,500 over four years compared to drivers who don’t make a habit of comparing rates.
If finding the most affordable Lexus CT 200h insurance in Philadelphia is your objective, knowing how to shop and compare insurance premiums can save time, money, and frustration.
It’s a good habit to quote other rates at least once a year because prices are usually higher with each renewal. Even if you think you had the best deal on Lexus CT 200h insurance in Philadelphia a couple years back you can probably find a better rate quote now. Forget anything you know (or think you know) about car insurance because you’re about to find out how to quote online to lower your rates without sacrificing coverage.
If you have coverage now, you will definitely be able to get lower rates using this information. The purpose of this post is to let you in on the most effective ways to compare rates and some tips to save money. Although Pennsylvania consumers do need to understand how big insurance companies determine what you pay and use this information to your advantage.
Keep in mind that making a lot of price comparisons increases your odds of finding better pricing.
The providers in the list below provide quotes in Philadelphia, PA. If multiple companies are shown, we recommend you visit two to three different companies in order to get a fair rate comparison.
Cheaper Philadelphia insurance rates with discounts
Insurance is expensive, but you may be missing some discounts to help bring down the price. Certain discounts will be applied at the time of purchase, but a few must be inquired about before they will apply. If you do not check that you are getting every discount possible, you’re paying more than you need to.
- Telematics Devices – Insureds who allow their insurance company to track where and when they drive by using a telematic data system such as Allstate’s Drivewise and State Farm’s In-Drive system may see discounts if they have good driving habits.
- Accident Forgiveness Coverage – Not necessarily a discount, but companies like Progressive, Allstate, and GEICO will let one accident slide before they charge you more for coverage if you have no claims prior to being involved in the accident.
- Driver’s Education for Students – Require your teen driver to enroll and complete driver’s education in high school.
- Senior Citizens – If you’re over the age of 55, you may qualify for a small discount on rates.
- E-sign – Many insurance companies will discount your bill up to fifty bucks for completing your application on their website.
- Buy New and Save – Insuring a vehicle that is new can get you a discount due to better safety requirements for new vehicles.
A little disclaimer on discounts, most discount credits are not given to the whole policy. Some only reduce specific coverage prices like liability and collision coverage. Just because it seems like it’s possible to get free car insurance, companies don’t profit that way.
A list of insurance companies and some of their more popular discounts can be read below.
- Progressive includes discounts for online quote discount, continuous coverage, multi-policy, online signing, and good student.
- SAFECO may offer discounts for safe driver, multi-car, drive less, teen safety rewards, homeowner, anti-theft, and bundle discounts.
- American Family may have discounts that include Steer into Savings, good driver, mySafetyValet, bundled insurance, early bird, and air bags.
- MetLife offers discounts including multi-policy, accident-free, claim-free, good driver, good student, defensive driver
- GEICO policyholders can earn discounts including multi-policy, federal employee, military active duty, multi-vehicle, seat belt use, and daytime running lights.
- The Hartford has savings for air bag, defensive driver, anti-theft, vehicle fuel type, bundle, driver training, and good student.
If you are trying to find inexpensive Philadelphia car insurance quotes, ask all the companies how many discounts you can get. All car insurance discounts may not apply to policyholders in every state. If you would like to view insurance companies with discount insurance rates in Philadelphia, click here.
Why you need insurance
Despite the fact that insurance is not cheap in Philadelphia, insurance may be required for several reasons.
First, most states have mandatory liability insurance requirements which means you are required to buy specific limits of liability insurance coverage if you want to drive legally. In Pennsylvania these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
Second, if your Lexus CT 200h has a lienholder, most lenders will require that you have full coverage to ensure the loan is repaid in case of a total loss. If you cancel or allow the policy to lapse, the lender may insure your Lexus at a more expensive rate and force you to pay the higher price.
Third, insurance safeguards both your Lexus CT 200h and your personal assets. It will also cover medical expenses for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, will also pay attorney fees if anyone sues you for causing an accident. If you have damage to your Lexus as the result of the weather or an accident, your insurance policy will cover the repair costs.
The benefits of having insurance are without a doubt worth the cost, particularly if you ever have a claim. According to a survey of 1,000 drivers, the average driver is currently overpaying as much as $850 per year so compare rates once a year at a minimum to make sure the price is not too high.
Auto insurance can be complex
Always keep in mind that when comparing adequate coverage, there really is no one-size-fits-all type of policy. Everyone’s needs are different.
For instance, these questions might point out whether or not you might need an agent’s assistance.
- What if I owe more than I can insure my car for?
- When should I drop full coverage on my Lexus CT 200h?
- Am I covered if I hit my neighbor’s mailbox?
- Which companies will insure me after a DUI?
- Am I covered if I have no license?
- Can I get by with minimal medical coverage if I have good health insurance?
If it’s difficult to answer those questions but a few of them apply, you might consider talking to a licensed agent. To find an agent in your area, simply complete this short form.
Auto insurance is available from local agents
Certain consumers prefer to get advice from a local agent and often times that is recommended The biggest benefit of price shopping on the web is you can get cheaper prices but also keep your business local. Putting coverage with neighborhood agents is especially important in Philadelphia.
Upon completion of this form (opens in new window), the quote information is emailed to insurance agents in Philadelphia who will return price quotes for your business. There is no need to even leave your home since rate quotes are delivered to you. You can most likely find cheaper rates and an insurance agent to talk to. If you wish to quote rates from a specific company, don’t hesitate to go to their quote page to submit a rate quote request.
Independent or Exclusive: It’s your choice
When searching for a local Philadelphia insurance agent, it can be helpful to understand the different agency structures and how they can write your policy. Auto insurance agencies are categorized either exclusive or independent.
Independent Agents
These type of agents are not employed by any specific company so they can quote policies with an assortment of companies and find the cheapest auto insurance rates. If you want to switch companies, they can switch companies in-house and you don’t have to do anything.
When comparing auto insurance rates, you should always include a few independent agents to ensure the widest selection of prices. They also have the ability to place coverage with mutual insurance companies that can offer cheaper rates than bigger companies.
Listed below is a list of independent insurance agencies in Philadelphia who can help you get competitive price quotes.
- Philadelphia Insurance Companies
231 St Asaphs Rd #100 – Bala Cynwyd, PA 19004 – (610) 617-7900 – View Map - The Miles Insurance Agency Inc
7100 Cresheim Rd – Philadelphia, PA 19119 – (215) 753-7770 – View Map - Fabey Insurance Agency
619 E Girard Ave – Philadelphia, PA 19125 – (215) 425-7640 – View Map
Exclusive Insurance Agents
Agents in the exclusive channel write business for a single company and examples are State Farm, AAA, and Liberty Mutual. They generally cannot place coverage with different providers so keep that in mind. Exclusive agents are trained well on their company’s products which helps offset the inability to provide other markets. Some insured continue to purchase coverage from exclusives mostly because of the prominence of the brand rather than low rates.
Shown below is a list of exclusive agencies in Philadelphia that can give you price quotes.
- State Farm: Brian Cover
7005 Bustleton Ave – Philadelphia, PA 19149 – (215) 332-9000 – View Map - Paul Hoffman – State Farm Insurance Agent
2655 S 12th St – Philadelphia, PA 19148 – (215) 389-4737 – View Map - George Kweder – State Farm Insurance Agent
1521 W Oregon Ave – Philadelphia, PA 19145 – (215) 467-1837 – View Map
Picking a auto insurance agent should depend on more than just a cheap quote. Before buying a policy in Philadelphia, get answers to these questions.
- Will a damage claim use OEM or aftermarket replacement parts?
- Do they offer rental car reimbursement?
- Which members of your family are coverage by the policy?
- Is coverage determined by price?
- How does the company pay claims for a total loss?
- Do they prorate repair cost based on vehicle mileage?