Table of contents
How much is car insurance in Philadelphia?
|Area||Average Monthly Car Insurance Premium|
Looking at the chart above, you can see that it is around $37 a month more expensive to insure your vehicle in Philadelphia than it is in the rest of Pennsylvania.
Similarly, Philadelphia residents will likely pay higher rates for their insurance policy than the rest of the country. The cost of auto coverage in Philadelphia is about $29 more expensive than the national average.
Although these are the average monthly costs for an auto insurance policy in Philadelphia, that doesn't mean it's exactly what you'll pay. There are a number of factors that determine how much insurance companies might charge you for your insurance policy. Age, gender, vehicle make and model, driving record, and in some cases, your credit score, are all factored into assessing the final dollar amount you'll be asked to pay each month.
We've broken down average rates for Philadelphia to help you understand what your policy's monthly premium will cost. And if you're not certain that you're paying the lowest option, simply enter your ZIP below and find out in just minutes!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
The older you are, the more experience you're likely to have behind the wheel, right? That experience can really work in your favor when it comes to auto insurance. According to the table above, you can see that 18-24-year-olds pay quite a bit more than someone who is at retirement age.
You can expect to see a decrease in your monthly premium drop about once a decade or so. Having said that, once you approach retirement your rates may begin to rise.
Average Car Insurance Rates by Gender
In general, women pay slightly less for car insurance than men. While this isn't true in Philadelphia, the difference in monthly rates is minimal.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your rates can change quite drastically depending on your driving record. Those with fewer accidents and tickets will pay significantly less than those with multiple infractions, while those with clean driving records will obviously pay the least. In Philadelphia, drivers with one accident on their record will experience rates around $114 a month. In addition, drivers with a single ticket on their record can expect to pay around $109 a month on average.
Accidents, tickets, and other driving infractions can really add up when it comes to how much you pay. In order to reduce your monthly bill and get the cheapest car insurance possible, keep your record clean and drive carefully.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$102|
|15 Years or Older||$107|
According to the first table above, the cheapest vehicles to insure in Philadelphia are usually SUVs.
Car owners can expect to pay an average of around $110 a month for their policy, while drivers with SUVs will usually see rates around $99 to insure each month.
For truck and van drivers, however, their monthly bill totals to about $107.
The age of your vehicle also plays a role in your monthly payment. Overall, newer vehicles are going to be the most expensive to insure. However, once your car is a few years old, you might start to see your rates slide back down slightly. The most expensive vehicles to insure in Philadelphia, however, are vehicles eleven-to-fourteen years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$111|
Generally, those who are currently married will pay slightly less for their car insurance. This usually boils down to owners having multiple vehicles on the same policy, something many companies extend special discounts for.
That difference is significant in Philadelphia, where single drivers pay about $21 more each month compared to their married counterparts.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$141|
One other element taken into consideration is your housing status. In Philadelphia, homeowners can expect to pay around $11 a month less than those who rent. Those who live with their parents, however, can expect to pay a good deal more than their counterparts who rent or own.
Depending on your insurance company, they may offer you a discount if you bundle your home or renters insurance with your auto policy.
Car Insurance Companies in Philadelphia, PA
Recent trends in car insurance for Philadelphia drivers
Since average rates are constantly changing, it's a smart move to research the local trends in your area before choosing when and where to shop.
Car insurance rates in Philadelphia dropped from 2016-2019, before leveling out in 2020. They finished down in 2021, at $100 a month
How does Philadelphia compare to neighboring areas?
Why are car insurance rates in Philadelphia different from other areas?
There are several factors car insurance companies will consider when deciding how much to charge for a monthly rate. The price of your insurance policy will depend largely on where you live and will be influenced by things such as:
- Amount of off-street parking
- Road Safety (frequency of local car accidents)
- Crime levels
- Total amount of drivers in the community
- Local regulations
It's good to be aware of these factors (even though you may not be able to do much to change them) as you shop for a new policy or consider making a move. With the knowledge that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your particular neighborhood.
How can I find the cheapest car insurance in Philadelphia?
Familiarizing yourself with patterns in the average costs of drivers like you will give you a leg up in conversations with insurance companies. Ultimately, the only way to know exactly what your rate will be is by requesting a quote from those car insurance companies.
But hold on! Compare.com will handle the heavy lifting for you. Put in your ZIP code below, respond to a few questions, and you'll be comparing the cheapest quotes from a bulk of the car insurance companies offering coverage in Philadelphia.
Philadelphia Insurance FAQs
What factors affect car insurance quotes in Philadelphia?
Car insurance companies calculate quotes based on a wide array of factors. These include things you can't control like your age and gender but also factors like your driving record, address, credit score, marital status, as well as your vehicle's year and make and model.
Why is the cost of car insurance in Philadelphia different from other neighboring cities?
Your address and the city you live in have a significant impact on how much a car insurance company might charge for your policy. Companies take into consideration things like parking situations, crime rates, and local laws when calculating your quote -- all of which can change from city to city.
Which car insurance company will offer me the cheapest rate in Philadelphia?
Since the factors that car insurance companies take into consideration when calculating the rate you might pay differ from person to person, there is no one insurance company that will offer the cheapest rate to everybody. Things like your driving record, the number of drivers on the policy, and vehicle make and model, plus a number of others, are all taken into account. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once.
Do I need to change my insurance if I move to Philadelphia?
Any time you experience a major life event, whether it's moving to a new area, getting married, finding a new job, or other notable events, it's always a good idea to re-evaluate your current insurance. Certain companies offer cheaper insurance in certain cities, so even if you were getting the cheapest rate at your old address, it doesn't mean it'll still be the cheapest at your new home. That's why it's always good to use services like Compare.com to compare quotes from dozens of companies side-by-side.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No, you can switch companies at any point, no matter how much time is left on your current policy. If you're thinking about moving to Philadelphia or are wondering if you're paying the best rate for your current area, take 10 minutes and visit Compare.com to find out for sure.