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With so many providers in the area, finding cheap car insurance rates in Philadelphia, Pennsylvania can be challenging. Our team sought out to make the process easier by comparing data from some of the leading carriers in the city.
Cheapest Car Insurance Companies in Philadelphia
|Cheapest Insurer||Driver Category|
|Liberty Mutual||Safe Drivers|
|USAA||Drivers in the Military|
|Metromile||Low Annual Mileage|
|Esurance||Drivers Who Pay Their Premiums Upfront|
|State Farm||Teen Drivers|
FAQs About Cheap Car Insurance in Philadelphia
What Are the Minimum Car Insurance Requirements in Philadelphia?
Pennsylvania’s thriving metropolis is home to thousands of drivers. As a result, collisions are commonplace so it’s important to protect yourself and your finances with a watertight auto insurance policy. By law, motorists in the state must purchase coverage meeting these minimum liability limits:
• Property damage liability coverage: $5,000
• Bodily injury liability coverage: $30,000 per accident and $15,000 per person
• Medical benefits: $5,000 per collision
What Are the Penalties for Driving Without Auto Insurance in Philadelphia?
It’s estimated that 7.6% of motorists in Pennsylvania hit the road with no coverage. Not only do these drivers stand to lose thousands of dollars in an accident, if caught, they could also be strapped with steep fines and fees.
Whether you’re caught on the road or flagged by the state’s electronic insurance database, you could be ordered to pay a minimum of $300 in fines, $180 in reinstate fees, and your driver’s license and vehicle’s registration may be suspended for three months.
Unlike many other states, there is no way to fast track your driver’s license suspension. However, you can elect to pay Pennsylvania’s civil penalty option to retain your vehicle’s registration. While you will not be able to make use of your vehicle, this $500 concession enables other drivers, such as friends or family, to keep using your car.
What Is a Deductible?
A deductible is the amount you must pay to cover repairs or medical treatment before your insurance company covers the remainder. For example, if you have a $1,000 deductible, you will have to pay the initial $1,000 of each claim before the relevant policy features kick in to cover the remainder. A low deductible gives you more protection in the event of a worst-case scenario, but a high deductible will help you reduce your rates.
How Do Insurers Calculate My Premiums in Philadelphia?
Car insurance rates are regulated by the state’s Department of Insurance. Providers are allowed to calculate your premiums (and award discounts) based on a range of criteria, including:
• Your age
• Your gender
• Your annual mileage
• Prior accidents and traffic violations
• Coverage history
• Car make, model, and age
• Credit score
Do I Need Uninsured Motorist Coverage in Philadelphia?
No, but we do recommend investing in this additional policy feature. If you’re involved in a collision with an uninsured or underinsured motorist, it’s unlikely he or she will have the financial means to reimburse you for your loss. Uninsured motorist coverage is a relatively affordable addon that will pay for any damages or injuries you sustained in a crash involving an at-fault uninsured driver.