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Best cheap car insurance in Philadelphia

Updated May 13, 2024
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Drivers in the City of Brotherly Love typically pay higher than average rates for car insurance when compared to other Pennsylvania drivers at $4,753 per year for full coverage and $933 per year for minimum coverage. City drivers often pay more for car insurance due to higher rates of accidents. Fortunately, Bankrate reviews some of the largest insurance companies by market share in Philadelphia to make it easier for you to find the insurance coverage you need at a price you can afford.

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Powered by Coverage.com (NPN: 19966249)

Advertising disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Best cheap car insurance companies in Philadelphia

To determine the best cheap auto insurance companies in Philadelphia, we started by analyzing average premiums from Quadrant Information Services. Based on our research, some of the cheapest car insurance companies in Philadelphia include Geico, State Farm, Progressive, Erie and Westfield.

We know that price isn’t everything, though, and that finding the best car insurance company for your needs is also important. To help you with that goal, we ranked each provider based on our proprietary Bankrate Score. Our scoring calculation takes into account average rates, coverage options, available discounts, customer satisfaction rankings from the most recent J.D. Power study, digital tools and more. We ranked each company on a scale of 0.0 to 5.0. The higher a company’s Bankrate Score, the more highly that company ranked in the individual rating categories.

Insurance company Bankrate Score J.D. Power score (Mid-Atlantic region) Average annual premium for minimum coverage Average annual premium for full coverage
Geico 4.4 818/1,000 $528 $1,949
Progressive 4.4 814/1,000 $528 $1,949
State Farm 4.3 843/1,000 $673 $3,267
Erie 4.0 863/1,000 $601 $3,013
Westfield 3.8 Not rated $630 $3,207

Geico

Geico offers some of the cheapest full coverage car insurance in Philadelphia. With an average rate nearly 60 percent lower than the city’s average, Geico might be a great choice for drivers on a budget. In fact, Geico won the 2024 Bankrate Award for Best Budget Auto Company and tied with Amica for the Best Auto Insurance Company Overall. The company also has a long list of car insurance discounts with potential savings for professional affiliation, telematics programs, bundling and good students. However, Geico does have a lower-than-average J.D. Power customer satisfaction score in the Mid-Atlantic region, which could indicate some customers are not satisfied with the level of service.

Learn more: Geico Insurance review

Progressive

If you want to save time and money, Progressive may be a good choice. It boasts strong digital tools and earned the 2024 Bankrate Award for Best Auto Insurance Company for High-Risk Drivers. One standout feature is the Name Your Price option, which allows you to input your car insurance budget and then shows you a range of options that fit. Unfortunately, Progressive has the lowest J.D. Power customer satisfaction score on our list, so it may not be the best option for drivers who value customer service.

Learn more: Progressive Insurance review

State Farm

State Farm is the largest insurer of personal autos in the country by market share, so if you want to work with a well-known carrier, it could be a good option. The company offers two telematics programs: Drive Safe & Save for adults and Steer Clear for teens. These may help further bring down your rates with the carrier. State Farm doesn’t offer gap insurance, though, and accident forgiveness coverage cannot be purchased (you can only earn it after a certain number of years of accident-free driving).

Learn more: State Farm Insurance review

Erie

If you’re looking for cheap coverage that also comes with a number of add-on options, Erie might be a good choice. The company, which is only available in 12 states, offers plenty of endorsements, like pet coverage and locksmith services. Erie also boasts the highest official J.D. Power customer satisfaction score in the Mid-Atlantic region. However, the most recent J.D. Power study from 2023 gave Erie a below-average ranking for digital service experience, which means it might not be the best company if you want to handle your policy online or by mobile.

Learn more: Erie Insurance review

Westfield

Westfield is perhaps not as well known as the other companies on our list, but it may still be worth getting a quote. Westfield sells its products through a network of local independent agents, who may be intimately familiar with the needs of Philadelphia drivers. Although it’s a smaller carrier, it still offers various endorsements, including the ability to insure multiple vehicle types, like RVs, autos and campers, on a single policy. Westfield’s digital tools are lacking functionality, though, so it might not be the best company for those who value a tech-forward approach.

Learn more: Westfield Insurance review

How to get and keep the cheapest car insurance in Philadelphia

Maintaining your cheap car insurance rates may be just as important as initially finding them. Here are some ways you might find and keep some of the cheapest car insurance in Philadelphia:

  • Shop around: Every driver’s car insurance needs are different. Read up on Pennsylvania’s minimum car insurance requirements. Then, ask yourself what types of coverage you may need in addition to the requirements and what coverage amounts are best for you. Getting quotes from several carriers allows you to compare rates, coverage options, discounts and policy features to find the most competitive price in Pennsylvania.
  • Check for discounts when your policy renews: Most car insurance companies offer at least a handful of discounts to help drivers save. As your circumstances change, you may become eligible for more discounts. Reviewing the discounts your carrier offers when your policy renews may help ensure you’re taking advantage of all potential savings opportunities.

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2023 rates for ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2021 Toyota Camry, commute five days a week and drive 12,000 miles annually.
 
These are sample rates and should only be used for comparative purposes.
 

Bankrate Scores

Our 2024 Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories.

5
Rating: 5 stars out of 5
Overall Score
  • Cost & ratings 50%
  • Coverage & savings 30%
  • Support 20%

Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlight where they fall short.

Written by
Cate Deventer
Former Writer & Editor, Insurance
Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent.
Edited by Editor, Insurance
Reviewed by Senior wealth advisor at Versant Capital Management