Cheapest car insurance companies in Philadelphia 

According to a study by Insurance.com, the cheapest car insurance companies in Philadelphia for 2023 are Travelers and Nationwide

The car insurance company in Philadelphia that provides the cheapest car insurance premiums is Travelers, with an average annual rate of $1,585 .

When it comes to car insurance costs in Philadelphia, several factors come into play. Your location, driving record, coverage level, and the insurance company you choose can all affect the price you’ll pay. Make sure you shop around and compare policies apples to apples to get a good deal on your insurance policy. 

CompaniesAverage annual rates
Travelers$1,585
Nationwide$2,442
Donegal$2,758
USAA$2,791
Geico$2,977
Erie Insurance$3,150
Westfield Insurance$3,374
State Farm$3,418
Allstate$3,428
Progressive$3,449

Cheapest car insurance cost in Philadelphia by Age Group 

In Philadelphia, Travelers is the cheapest car insurance company for teenagers, offering full coverage policies at $4,815 a year, on average. Teenagers often face higher car insurance rates due to statistical data indicating that they pose a greater risk on the roads. 

Getting lower rates isn't easy for young drivers, but they can take some steps to increase their chances of getting affordable insurance. Many insurance companies offer good student discounts to drivers who maintain a certain grade point average (GPA). Besides, teen drivers can lower premiums by staying on their parents' insurance. 

When compared to other car insurance companies, Travelers turned out to be the cheapest car insurance company for young drivers in Philadelphia, offering full coverage at an annual average cost of $2,370.

An analysis of car insurance rates for Philadelphia drivers reveal a significant decrease in premiums for individuals in their 30s compared to those in their 20s. Travelers offers the cheapest full-coverage car insurance rates at $1,589 per year.

Travelers is the cheapest option for senior drivers in Philadelphia, with an average premium of $1,580 a year, significantly lower than most competitors, based on Insurance.com's in-depth data analysis. 

CompanyTeensYoung AdultsAdultsSeniors
Travelers$4,815$2,370$1,589$1,580
Geico$7,698$4,625$3,036$3,003
Westfield Insurance$7,889$5,332$3,414$3,351
Erie Insurance$8,548$5,143$3,162$3,223
Nationwide$8,697$3,889$2,409$2,255
USAA$9,213$4,457$2,863$2,781
Allstate$9,755$5,804$3,409$3,384
Donegal$10,636$6,171$2,776$3,021
State Farm$11,451$5,491$3,424$3,353
Progressive$12,206$5,671$3,446$3,447

Cheapest car insurance companies in Philadelphia by driver profile 

When determining car insurance rates in Philadelphia, insurers consider multiple factors, including the driver's profile. Individuals with a clean driving record enjoy substantially lower premiums than drivers with a history of accidents or traffic citations.

Comparison shopping is the key to getting the cheapest car insurance rates in Philadelphia. By comparing rates from multiple providers, you ensure you're getting the coverage you need at an affordable price.

Here's a list of car insurance companies that offer cheap insurance rates in Philadelphia based on driver profile. 

USAA has the cheapest rates for Philadelphia drivers with poor credit looking for affordable auto insurance. At an annual cost of $2,172, USAA offers substantial savings among the insurers analyzed.

Below is a list of carriers that offer car insurance at an affordable rate for drivers with poor or less-than-perfect credit scores. 

CompanyAverage annual rates
USAA$2,172
Nationwide$2,334
State Farm$3,294
Geico$3,589
Travelers$4,087
Progressive$4,145
Allstate$5,390

In Philadelphia, State Farm provides the cheapest car insurance premiums for drivers aged 30 with speeding tickets on their record at an annual cost of $1,704, on average. 

Some companies are known for providing the cheapest car insurance rates, but finding the most affordable policy depends highly on individual factors. 

Comparing quotes from various car insurance companies can prove beneficial for getting the best deal. With this, you can get the coverage you need at an affordable price. 

CompanyAverage annual premium
State Farm$1,704
Travelers$1,909
Geico$2,564
USAA$2,625
Progressive$2,661
Nationwide$2,840
Allstate$3,027

If you've had an accident, State Farm might be your best bet for affordable auto insurance.

For Philadelphia drivers with an at-fault accident, State Farm offers the cheapest average annual rate at $1,775. It's a great option if you're looking for affordable coverage that won't break the bank.

After an accident, your insurance rates are likely to go up. Finding a provider with competitive rates can help you minimize the financial impact.

CompanyAverage annual rates
State Farm$1,775
Travelers$2,101
Nationwide$2,623
Geico$2,943
USAA$3,295
Progressive$3,469
Allstate$3,875

Among the carriers analyzed, State Farm offers the cheapest auto insurance premiums for drivers with a DUI in Philadelphia. On average, its annual full coverage rate is $1,704, making it a significantly cheaper option than other insurance providers.

A DUI conviction can significantly affect your auto insurance rates. However, to keep your coverage rates low, it is important to compare quotes from various insurers before renewing or purchasing a new policy. Doing so ensures you get the most competitive rate for your situation.

CompanyAverage annual rates
State Farm$1,704
Travelers$2,460
Allstate$2,964
USAA$3,093
Progressive$3,264
Geico$3,787
Nationwide$4,701

Average car insurance cost in Philadelphia 

In Philadelphia, the average annual cost for full coverage car insurance is around $2,782, which breaks down to approximately $232 per month. These rates are based on coverage levels of 100/300/100. On the other hand, the average yearly rate for state minimum coverage in Philadelphia is about $648.

You pay more for full coverage insurance than the state minimum, but it covers damage to your car besides providing coverage for other driver's vehicle. To lower your premium, consider comparing quotes from different companies. 

Average annual RatesState minimum average
$2,782$648

Methodology

Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:

  • 40-year-old male driver
  • Honda Accord LX
  • 12-mile daily commute, 10,000 annual miles
  • Good credit
  • Clean record

While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.

Rates are based on coverage limits of:

  • $100,000 bodily injury per person
  • $300,000 bodily injury per accident
  • $100,000 property damage per accident
  • $500 comprehensive and collision deductible

Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.

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