As a result of the spike in car break-ins and auto theft, Philadelphia offers car insurance at relatively low rates compared to nearby areas. Although lower rates offer protection to car owners, there are additional factors that also influence car insurance rates. Selecting your car insurance provider also requires insight into the various costs and terms that must be met to obtain car insurance within your budget.
While you may be aware that costs change as the driver profile adjusts, additional aspects also influence cost and coverage options. On average, Philadelphia auto insurance stands at about $1,424. Geico is most reflective of this average, with Erie offering rates at the lower end, from $835 down to $375 by USAA, and Progressive offering $1506 at the highest end. Resting in the middle is Allstate for $1751.
To obtain a healthy balance between cost and the requirements for coverage, Philadelphia residents must understand how deductibles, age, presence of DUI, and credit score play a role in what is paid in auto insurance. It is essential to understand car insurance costs to achieve the least expensive Philadelphia car insurance rate possible. Read on to learn how to obtain the best deal on auto insurance as a Philadelphia vehicle owner.
Philadelphia Car Insurance And Deductibles
One factor influencing Philadelphia car insurance is the deductible that affects the cost of car insurance. The more your deductible is, the lower the cost of auto insurance. In other related news, people living in Philadelphia can save a maximum of $220 by selecting a high deductible for those who own their own homes.
The Driver’s Age Influences Cost
Beyond the deductibles, your Philadelphia car insurance is also influenced by the driver’s age. Your age indicates the level of responsibility that you typically exercise while driving. The older you are, the lower your premiums.
In Philadelphia, you’ll pay somewhere between $1,409 and $1356 if you are in your 30s or 40s. Younger drivers will pay between $4,621-and $1,830 for their Philadelphia car insurance.
DUI Increases Insurance Rates
If you have a DUI, your rates will likely increase. When convicted of DUI, the driver must pay an additional $818 as part of the usual rate for car insurance. Philadelphia’s DUI insurance cost is $2,242.
Credit Score Influences Costs
Furthermore, your credit score also influences your car insurance cost. If your credit score is superb, you’ll pay around $1,000 less than those with poor credit scores. In Philadelphia, expect to pay about $1,222 for a great score and $2,323 for a poorer credit score. To achieve the most discount on your auto insurance rates, you must maintain a quality credit score.
Get The Most Out Of Car Insurance
Philadelphia car insurance is less expensive than in nearby areas is a good start, but it’s not everything you need to get the most out of your car insurance costs and coverages. Consider the above factors as you look into various rates that apply to your situation.