Philadelphia Car Insurance Rates
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UPDATED: Mar 26, 2020
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The average cost of insuring a vehicle with full coverage in Philadelphia is $2,100 per year. A liability-only policy costs about $55 a month, the cheapest discount rate is estimated at $1,206, and insuring a teenager could cost as much as $7,700. The cheapest companies are Erie, USAA, and Travelers, but State Farm insurers the most vehicles.
A 40-year-old driver with a clean driving record insuring a car like a Toyota Camry or Ford Focus can expect to pay the averages shown below.
Annual premium for full coverage: $1,873
Rate estimates by individual coverage type:
Rates by Driver Age and Deductible
The averages above are calculated using $500 deductibles for both comprehensive and collision coverage. The chart below shows estimated rates for drivers age 20 to 70 and deductibles ranging from a low of $100 to a high of $1,000.
Rate Comparison by Policy Type
The risk profile of the driver rated on the policy has a significant impact on car insurance rates. The chart below shows average rates for a good driver who qualifies for multiple policy discounts, a driver who chooses low deductibles, the average rate, high deductibles, a high-risk driver, and a teen driver.
Rates by Vehicle Make and Model
Every vehicle has distinct rating factors based on the cost of the vehicle, the cost to repair and the price of replacement parts, the performance level, and the statistical probability of liability claims. The chart below shows estimated insurance rates for the more popular vehicles sold in Philadelphia.
|Make and Model||Annual Premium||Monthly Premium|
|Get Rates for Your Vehicle Go|
Which Companies are Cheapest in Philadelphia?
The companies below are ranked by market share, with State Farm being the largest personal auto insurer in the state of Pennsylvania. Average rates are based on issued policy prices for the entire state, so rates for Philadelphia will be higher than the averages shown.
|Rank||Company||Market Share||Average Rate|
|Get Your Rates Go|
Source: National Association of Insurance Commissioners (NAIC) 2015 Market Share Report and The Zebra
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Philadelphia Car Insurance Rate Summary
The data in the tables and charts above should give you a good overview of rate differences when shopping for car insurance in Philadelphia. It’s important to note that every driver is different, and there are a lot of factors that determine the final price of your policy.
Rates in Pennsylvania are slightly higher than average for the northeast region, but if it’s any consolation, drivers in New York, Rhode Island, and Connecticut pay more. Philadelphia, being the sixth largest city in the U.S., has over 1.5 million residents living into an area of only 134 square miles. That’s nearly 11,700 people per square mile, which mean a lot of traffic congestion. More traffic equates to more accidents and claims, which means higher car insurance rates.
Auto theft is also a primary force behind higher car insurance rates in certain parts of Philadelphia. The heat map below shows the areas with higher incidents of auto theft for the start of 2018. If you live in the Frankford or Mayfair areas generally to the south of Roosevelt Boulevard, you are most likely paying a higher rate due to the increased likelihood of your car being stolen.
Heat map image from Philadelphia Inquirer Crime in Philadelphia
The following is a condensed list of the concepts illustrated by the charts and tables above.
- Average car insurance rates for full coverage are $175 a month
- Companies may offer policy discounts of over $1,200 to drivers who own a home, insure multiple vehicles, bundle their policies, are accident and claim-free, and quote early and online
- Teen drivers, particularly a 16-year-old, are very expensive to insure, costing as much as $645 a month for full coverage
- High-risk drivers with multiple minor violations or a major violation like a DUI, reckless driving, hit-and-run, or driving on a revoked license can expect to pay up to 115% more than a good driver
- Raising your policy deductibles from $100 to $1,000 can save on average $874 a year
- As drivers get older, car insurance gets cheaper, until about age 65 when rates start to increase again
- It’s important to carry adequate liability insurance, and increasing your limits from 30/60 up to 100/300 will cost about $250 a year. Increasing to 250/500 limits will cost an extra $613 a year.
- If your vehicle is getting older, it may be time to drop full coverage and buy just liability insurance. The cost of a liability-only policy in Philadelphia averages around $650 a year depending on the coverage limit. This saves $1,450 a year compared to buying full coverage.
- The cheapest companies tend to be Travelers, USAA, and Erie Insurance, but the only way to know which company has the best rate for you is to get rate quotes and compare.
- We recommend shopping your policy around every year, as companies file frequent rate changes. Minor changes in your personal risk profile (i.e. getting a speeding ticket or buying a home) can also significantly impact your Philadelphia car insurance rates.
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$140|
|5-yr Claim Free||$120|
|Paid in Full/EFT||$87|
Discounts are estimated and may not be available from every company or in every state.