How Much Is Car Insurance In Philadelphia? (Solution)

Car insurance prices in Pennsylvania are broken down by city.

City Average annual premium for full coverage % difference from state average annual premium
Philadelphia $2,787 89%
Pittsburgh $1,504 2%
Erie $1,461 -1%
Lancaster $1,276 -14%

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Is car insurance expensive in Philadelphia?

The average yearly cost of minimum-coverage vehicle insurance in Philadelphia is $1,217, which equates to around $101 in monthly premium costs. According to the state’s average, it amounts to a $602 per year premium increase, making it the most costly city in Pennsylvania for vehicle insurance. Full-coverage vehicle insurance costs an average of $3,738 per year, or around $312 per month.

How much is car insurance per month in PA?

What Does Car Insurance Cost in Pennsylvania? How Much Does Car Insurance Cost in Pennsylvania? Drivers in Pennsylvania pay an average of $200 per month and $2394 per year for vehicle insurance, according to the Insurance Information Institute. By comparison, the national average auto insurance prices are 12 percent more than those in Pennsylvania, which makes it the 28th most costly state for vehicle insurance premiums in the US.

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How much is full coverage in PA?

As a result of its research, NerdWallet found that the average cost of full coverage vehicle insurance in Pennsylvania is $1,535 per year, or around $128 per month. Pennsylvania’s bare minimum coverage costs an average of $458 per year, but we discovered that you may likely get a policy for less money.

Why is car insurance so expensive in Philadelphia?

Due to the fact that Pennsylvania is a no-fault state with a large population density, car insurance in Pennsylvania is expensive. According to the state of Pennsylvania, full coverage vehicle insurance costs roughly $1,276 per year, while minimal coverage costs approximately $413 per year. All insured drivers are responsible for the rising cost of insurance.

How much is car insurance monthly?

According to the Insurance Bureau of Canada (IBC), drivers in Alberta spend an average of $1,316 per year, or around $110 per month in insurance premiums, on average. Unfortunately, Albertans are subjected to some of the highest vehicle insurance premiums in the country, ranking third only behind Ontario and British Columbia in terms of cost.

How much is car insurance for a 16 year old in PA?

Pennsylvania Car Insurance Expenditures by Age in the State of Pennsylvania The average cost of vehicle insurance in Pennsylvania is $4,769 per year for a 16-year-old driver, compared to $1,216 per year for a customer in their 50s.

What do you mean by insurance?

Insurance is a contract between an individual or entity and an insurance firm, represented by a policy, in which the individual or entity receives financial protection or payment in the event of a loss. The firm pooled the risks of its clients in order to make payments to the insured more cheap.

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What is the minimum car insurance in PA?

The following are the bare minimums for Pennsylvania vehicle insurance: Protection against bodily harm liability: $15,000 per person and $30,000 per accident. Liability insurance for property damage is $5,000. The following amounts are available for uninsured motorist coverage: $15,000 per person and $30,000 per accident*

Is car insurance required in Pennsylvania?

Pennsylvania law mandates that all Pennsylvania motor vehicle owners have vehicle liability insurance (financial responsibility) on any vehicle that is currently registered in the state. Vehicle liability insurance protects you against any property damage or bodily injury you may cause to others in the event of a car accident.

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