How Much Does Auto Insurance Cost for Homeowners in Pennsylvania?

The words “affordable” and “insurance” really don’t belong together, specifically when you are searching for the cheapest coverage for homeowners. To save some money, let’s teach you some things the can have a considerable influence on auto insurance prices, and figure out some ideas to take a little off the next policy you buy.

When shopping for car insurance for people who own their homes, one of the many factors that determine the annual cost of car insurance is where you normally keep your vehicle. Areas that are densely populated or have higher claim frequency like Philadelphia, Chester, and Norristown tend to have more expensive car insurance rates, whereas areas with less people or fewer weather incidents enjoy lower car insurance rates.

The next table sorts the highest-priced places in Pennsylvania for homeowners to purchase auto insurance in.

Prices are comparative as the specific Pennsylvania residence address can affect premiums greatly.

Figuring out which companies offer the most affordable auto insurance rates for homeowners will take a bit more work in order to find the most economical policy. Each auto insurer uses different criteria to set premium rates, so we’ll go over the auto insurance companies with the most affordable rates in Pennsylvania.

Best Cheap Insurance Rates for Homeowners

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General Casualty normally has some of the best car insurance rates in Pennsylvania at around $748 per year. Erie, Travelers, USAA, and Penn National also rank well as some of the cheaper Pennsylvania insurance companies.

As the example above demonstrates, if you are insured with Travelers and switched to General Casualty, you may realize yearly savings of upwards of $63. Customers with USAA could save as much as $69 a year, and Penn National policyholders might cut rates by $92 a year.

Be aware that those policy prices are averages for all drivers and vehicles and are not factoring in a price discount for homeowners. So the insurer that has the lowest price for you may not even be shown in the list of companies shown earlier. That emphasizes why you need to compare rates from as many companies as possible using your own individual information.

Discounts on cheap car insurance for homeowners in Pennsylvania

<img class="shadow floatright" src="http://www.quoteclickinsure.com/blog/wp-content/uploads/best-car-insurance-homeowners-pa.jpg" alt="Cheaper Pennsylvania auto insurance for people who own their homes”/>Auto insurance companies that offer quotes for homeowners may also provide rate discounts that could reduce prices by 30% or more if you qualify. A list of auto insurance companies and a summarized list of policyholder discounts are included below.

The example below illustrates the comparison of car insurance rates with and without policy discounts. Data assumes a female driver, a clean driving record, no at-fault accidents, Pennsylvania state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with defensive driving course, claim-free, marriage, anti-theft, safe-driver, and multiple policy discounts applied. When drivers qualify for the discounts, the average savings per year on auto insurance for homeowners is 13% or $185.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 20’, 3297,2371],[‘Age 30’, 2271,1647],[‘Age 40’, 2111,1527],[‘Age 50’, 1845,1335],[‘Age 60’, 1785,1291],[‘Age 70’, 2083,1501]]);var options = {title: ‘Insurance Rate Comparison with Discounts for Homeowners’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#c096ca’, ‘#e1b7ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

The diagram below shows how choosing a deductible can influence annual premium costs when quoting cheap insurance for homeowners. The premiums assume a married female driver, comprehensive and collision coverage, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2081,1909,1711,1523],[‘Age 30’, 1461,1335,1189,1049],[‘Age 40’, 1441,1321,1181,1047],[‘Age 50’, 1267,1163,1041,927],[‘Age 60’, 1207,1105,989,879],[‘Age 70’, 1293,1187,1067,953]]);var options = {title: ‘Effect of Deductibles on Car Insurance Rates in Pennsylvania’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

The data above shows that a 40-year-old driver could lower their policy premium by $226 a year by switching from a $100 deductible up to a $500 deductible, or save $340 by switching to a $1,000 deductible. Even younger drivers, like the Age 20 category, could possibly save up to $558 or even more just by using higher deductibles. When raising deductibles, it’s a good idea to have emergency funds available to offset the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.

State Farm, Progressive, Geico, and Allstate: Who is best?

When it comes to buying auto insurance for people who own their homes in Pennsylvania, four of the larger companies to compare rates for are State Farm, Progressive, Geico, and Allstate. All four offer physical damage and liability coverage, but each has different features and discounts that may influence your choice. The data below ranks price, claims, and customer service ratings, as well as some optional coverages you can expect with each one.