Finding affordable car insurance rates in Pennsylvania shouldn’t just be about getting the cheapest rates; you also want to ensure you have enough protection against all possible losses. MoneyGeek has researched all of the key influences on auto premiums so you can find an optimal combination between cost and coverage.
Age is one of the primary factors in determining car insurance premiums. New drivers pay more, as they lack experience and face an increased risk for accidents. With age comes more driving experience and lower premiums; as you turn 25 this change may become even more dramatic.
Your vehicle type can also affect your insurance rates in Pennsylvania. More costly models, like luxury and sports cars, tend to incur higher premiums. When calculating car insurance premiums in Pennsylvania, insurance companies take safety features, crash statistics and repair costs into consideration when setting rates for each model.
Pennsylvania state laws mandate first party medical and liability coverage; however, you can elect for more coverage beyond minimums. Furthermore, your choice of full tort or limited tort auto coverage impacts how much damages can be claimed during a lawsuit.
Your credit score plays a key role in determining your insurance rates. Most insurers use it to predict the likelihood of you filing claims based on historical data, with poor credit raising your Pennsylvania car insurance rates by an average of $1,308 annually. Working to improve it could help lower rates over time; but don’t expect immediate results in your policy!
As with your credit score, driving record plays an integral part in determining car insurance rates in Pennsylvania. Traffic violations, at-fault accidents and DUI convictions all increase rates significantly – the best way to keep them low is to maintain an excellent driving history.
Your location of both residence and workplace is also an important factor when calculating car insurance rates in Pennsylvania. Drivers living and working in urban areas such as Philadelphia or Pittsburgh tend to experience higher premiums compared to rural or suburban drivers, though you could save by choosing to drive less annually; some insurance providers even provide discounted rates for low mileage drivers.
If you’re shopping for Pennsylvania car insurance, using an independent comparison website like ValChoice’s quote tool could help. By comparing multiple quotes from top car and homeowners insurance providers and receiving detailed information about available coverage options in your area – including which companies offer them at the cheapest cost – ValChoice makes finding your ideal policy much simpler – including bundling both policies together for extra savings!