auto insurance in philadelphia
The Cost of Car Insurance in Philadelphia
In Philadelphia, Pennsylvania, the cost of car insurance is higher than the national average. While the median annual income in the area is lower than the national average, men make over $68,000 more than women. While the wage gap may not seem significant, it is significant when comparing the cost of car insurance in Philadelphia. The average annual cost of car insurance in Philadelphia is $9,302, which makes it more expensive for women to pay for coverage than men. discount auto insurance quotes
When choosing an auto insurance policy, it’s important to understand the types of coverage. Some companies only offer basic coverage, while others offer a higher level of coverage. For example, minimum coverage plans may only cover liability coverage. These plans may also have low liability limits. It is recommended that you compare multiple quotes before deciding on an insurance policy.
There are many factors that affect auto insurance rates in Philadelphia. Age, ZIP code, driving history, and other factors are all taken into consideration when determining a Philadelphia car insurance quote. Certain ZIP codes have higher accident and theft rates than others, which can increase the cost of an insurance policy.
Another factor to consider is the level of education. Higher education means that you’re a lower risk to insurance companies. Similarly, lower education means that you are a higher risk. Philadelphia has 115 colleges and universities, which can impact the cost of insurance. As a result, some insurance companies provide homeowners with discounts to lower their rates.
In Philadelphia, the cost of car insurance is higher than the national average. A typical full coverage insurance policy in Philadelphia will cost about $2,540 per year. The national average is $1,570. In Philadelphia, you should shop around for car insurance quotes on a regular basis to keep your rates competitive. You should also consider your credit history, marital status, and driving history as they can affect the cost of your policy.
Pennsylvania’s minimum car insurance coverage requirements include bodily injury liability coverage with limits of $15000 per person or $30000 per accident. Aside from bodily injury coverage, you should also consider purchasing property damage liability, which covers the cost of repairs to another person’s property. Other optional car insurance coverages include collision coverage, uninsured motorist coverage, and roadside assistance. These coverages may be worth the extra premium.
The cost of car insurance in Philadelphia depends on the type of car you drive. For example, if you drive a midsize or small sedan, you can expect to pay an average of $2,588 per year and $182 per month in insurance in Philadelphia.
Full coverage auto insurance in Philadelphia will cost you more than the minimum policy, but it will provide you with more comprehensive protection. This type of coverage is more expensive than liability insurance, but it will protect you from more expensive damages. Comprehensive insurance also includes collision coverage, which covers the damage caused by another car or something outside of your control. If your vehicle is newer than ten years old, or worth over $3000, it’s a good idea to have full coverage auto insurance.
