I can’t think of a single person who likes paying for auto insurance, particularly when the price is too high. Because there are so many auto insurance companies to choose from, it’s nearly impossible to pick the lowest cost insurer.
Auto insurance companies don’t list every discount very well, so here is a list both well-publicized and the harder-to-find auto insurance savings. If you don’t get every credit available, you are paying more than you should be.
A little note about advertised discounts, most of the big mark downs will not be given to the overall cost of the policy. A few only apply to individual premiums such as comp or med pay. Even though it may seem like having all the discounts means you get insurance for free, companies wouldn’t make money that way.
To see a list of companies with the best auto insurance discounts in Philadelphia, click here.
Getting a lower price on insurance can be relatively painless. Consumers just need to spend a few minutes to get quotes online from several insurance companies. This is very easy and can be done in several different ways.
The fastest way to compare a lot of rates at once is an all-inclusive rate comparison (click to open form in new window). This easy form prevents you from having to do boring form submissions for each company. One quote request gets rate comparisons from many national carriers.
A more time consuming way to shop for auto insurance online requires you to visit the website for each individual company and request a quote. For examples sake, let’s say you want comparison quotes from State Farm, Esurance and Travelers. To find out each rate you need to spend time on each company’s site and enter your policy data, which is why most consumers use the first method.
For a handy list of car insurance company links in Philadelphia, click here.
The hardest way to get comparison rates is driving to different Philadelphia agent offices. Shopping for auto insurance online has reduced the need for local agents unless you prefer the personal advice of a licensed agent. It is possible to get the lowest quotes online and get advice from an agent in your area and we’ll touch on that later.
It doesn’t matter which method you choose, just make sure you use exactly the same coverages for each price quote. If you are comparing mixed coverages it’s not possible to make a fair comparison in Philadelphia.
Consumers need to have an understanding of the rating factors that come into play when calculating auto insurance rates. When you know what positively or negatively influences your rates empowers consumers to make smart changes that could result in better auto insurance rates.
When it comes to buying the best auto insurance coverage for your personal vehicles, there really is not a best way to insure your cars. Everyone’s situation is unique and your policy should reflect that. For example, these questions may help you determine whether or not you will benefit from professional help.
If it’s difficult to answer those questions, you might consider talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies. It is quick, free and can provide invaluable advice.
Some consumers would prefer to buy from a local agent and that is OK! Licensed agents can answer important questions and give you someone to call. The best thing about comparing insurance prices online is that you can obtain the best rates and still have an agent to talk to.
After filling out this simple form, the coverage information is sent to local insurance agents who will battle for your insurance coverage. There is no reason to leave your computer because quoted prices will be sent straight to your inbox. It doesn’t get any easier!
Picking an provider shouldn’t rely on just the price. Agents should be asked these questions:
When researching a good insurance agency, there are two different types of agents that you can select. Insurance agencies in Philadelphia can either be captive or independent. Both write coverage properly, but it’s worth learning the differences because it can influence buying decisions.
Captive agents have only one company to place business with and examples are Allstate, State Farm and Farmers Insurance. They usually cannot shop your coverage around so they are skilled at selling on more than just price. Captive agencies are trained well on the products they sell which can be an advantage.
Below are captive insurance agencies in Philadelphia willing to provide price quote information.
Liberty Mutual Insurance – 111 S Independence Mall E – Philadelphia, PA 19106 – (215) 925-7915
Allstate Insurance – 6541 Roosevelt Blvd – Philadelphia, PA 19149 – (215) 288-2400
State Farm Insurance – 7034 Frankford Ave – Philadelphia, PA 19135 – (215) 333-5544
Independent agents are not required to write business for one company so they can insure your vehicles amongst many companies and potentially find a lower price. To transfer your coverage to a different company, an independent agent can move your coverage without you having to go to a different agency.
When comparing rates, we recommend you contact multiple independent agents for the best price selection.
Below is a list of independent agencies in Philadelphia that can give you rate quotes.
Integrity Insurance – 1405 S Broad St – Philadelphia, PA 19147 – (215) 339-1000
Franklin Agency Inc – 212 S 4th St – Philadelphia, PA 19106 – (215) 627-4241
American Re Insurance Co – 510 Walnut St – Philadelphia, PA 19106 – (215) 814-1500
Gannon Agency – 212 Fairmount Ave – Philadelphia, PA 19123 – (215) 629-2800
Choe Agency – 4719 N Broad St – Philadelphia, PA 19141 – (215) 324-2857
To view a complete directory of Philadelphia insurance agents, click here to link.
Once you have received good answers to your questions and a good coverage price, most likely you have located an insurance agency that is a good match to insure your vehicles.
Pennsylvania consumers can’t get away from ads that promise big savings by Progressive, GEICO, Allstate and State Farm. They all seem to say the same thing about savings if you move to their company.
How do they all make almost identical claims?
Different companies are able to cherry pick for the driver that is profitable for them. An example of a profitable customer might be profiled as between the ages of 40 and 55, has no tickets, and drives less than 7,500 miles a year. Any driver who meets those qualifications receives the best rates and is almost guaranteed to save when switching.
Potential insureds who don’t measure up to this ideal profile must pay a more expensive rate which leads to business not being written. The ad wording is “customers who switch” not “everybody who quotes” save that much money. That’s why insurance companies can advertise the way they do. This illustrates why you need to quote coverage with many companies. You cannot predict which auto insurance company will have the lowest rates.
When buying insurance coverage, you should never buy lower coverage limits just to save a few bucks. In many cases, someone dropped uninsured motorist or liability limits and learned later that it was a big error on their part. The ultimate goal is to get the best coverage possible for the lowest price while not skimping on critical coverages.
Discount auto insurance can be sourced on the web as well as from independent agents in Philadelphia, and you need to price shop both in order to have the best chance of saving money. There are still a few companies who don’t offer you the ability to get quotes online and these small, regional companies work with independent agents.
More detailed Pennsylvania auto insurance information is located at the Pennsylvania Insurance Department website. Pennsylvania consumers can read enforcement actions against agents and companies, learn about specific coverages, and read state legal mandates and laws.
These articles may also be worth reading.