Who Has Cheap Insurance for Electric Cars in Pennsylvania?

The model of vehicle to be insured is probably the biggest factor when shopping for cheap insurance for electric cars in Pennsylvania. Vehicles with high performance engines, poor crash test ratings, or a high likelihood of having liability claims will cost more to insure than more economical and safe models. The next lists shows coverage premiums for the most affordable vehicles to insure in Pennsylvania.

Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Rates do not factor in vehicle location which can change premium rates substantially.

Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Prices do not factor in specific location which can raise or lower premium rates greatly.

Table data represents single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Information does not factor in the specific area where the vehicle is garaged which can change rates substantially.

For eco-friendly vehicles, one of the big factors that impact the annual cost of car insurance is where you normally keep your vehicle. More densely populated places like Philadelphia, Chester, and Norristown tend to pay higher rates, whereas more rural areas receive better rates.

The following table sorts the most expensive cities in Pennsylvania for electric cars in which to purchase auto insurance.

Rate information is approximated as specific Pennsylvania garaging address can impact rates noticeably.

Finding affordable insurance is easier said than done, and finding out which company has the most affordable car insurance rates for electric cars will require additional perseverance. Each company uses their own formula for determining rates in each state, so let’s begin by examining the most affordable car insurance companies in Pennsylvania.

It’s important that you understand Pennsylvania car insurance rates are impacted by many things that may substantially change the cost of your policy. Simply having a birthday, buying a higher-value vehicle, or getting a ticket for running a stop sign may generate price changes that can make some companies cheaper than competitors.

Find Cheaper Auto Insurance for EV’s

Click Here to Start Your Quote

General Casualty has some of the lowest car insurance rates in Pennsylvania at around $726 per year. Erie, Travelers, USAA, and Penn National also qualify as some of the cheapest Pennsylvania car insurance companies.

As illustrated above, if you buy coverage from USAA and switched to General Casualty, you could earn an annual premium reduction of around $91. Insureds with Penn National may save as much as $114 a year, and Amica insureds might reduce prices by as much as $256 a year.

Bear in mind that those prices are averaged for all drivers and vehicles and do not factor in a price decrease for electric cars. So the auto insurance company that fits your needs best may not even be shown in the above rate chart. That point stresses why you need to quote rates from as many companies as possible using your own personal information and vehicle type.

The chart below shows how different deductible levels can influence annual premium costs when trying to find cheap insurance for electric cars. The information is based on a married female driver, comp and collision included, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2773,2537,2273,2023],[‘Age 30’, 1939,1769,1575,1389],[‘Age 40’, 1919,1753,1565,1387],[‘Age 50’, 1681,1539,1377,1225],[‘Age 60’, 1601,1465,1311,1163],[‘Age 70’, 1735,1585,1423,1271]]);var options = {title: ‘Deductibles and Auto Insurance Prices in Pennsylvania’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},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 chart above illustrates that a 40-year-old driver could cut expenses by $304 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $456 by changing to a $1,000 deductible. Younger drivers, like the 20-year-old example, could shave as much as $750 annually just by choosing higher deductibles when buying full coverage.

When raising deductibles, it’s a good idea to have additional savings on hand to allow you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

Do you need full coverage?

Finding cheap insurance for electric cars in Pennsylvania is the goal of the majority of people, and one way to pay lower rates for insurance is to not pay for full coverage. The diagram below visualizes the comparison of auto insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Pennsylvania. The premium estimates are based on no violations or accidents, $500 deductibles, single status, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $500 Deductibles’, ‘Liability Only’],[‘Age 20’, 3551,1319],[‘Age 30’, 1837,723],[‘Age 40’, 1807,671],[‘Age 50’, 1649,627],[‘Age 60’, 1601,617],[‘Age 70’, 1977,825]]);var options = {title: ‘Savings of Only Insuring for Liability’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Pennsylvania’,minValue: 0,format: ‘$###,###’},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(‘qcibfcl’));chart.draw(data, options);}

Averaged for all ages 20 through 70, full coverage on your policy costs $2,070 per year over and above liability only. At some point, every insured wonders if you should buy full coverage at all. There is no definitive formula that works best for making the decision to drop comp and collision coverage, but there is a general convention. If the yearly cost of full coverage is about 10% or more of replacement cost minus your deductible, then it might be time to buy liability only.

For example, let’s assume your vehicle’s book value is $6,500 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company will settle for is $5,500 after you pay the deductible. If premium cost is more than $550 annually for comprehensive and collision coverage, then it could be time to drop full coverage.

There are some circumstances where removing full coverage is not advised. If you haven’t satisfied your loan, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not remove full coverage.

Best rates: State Farm, Allstate, Progressive, or Geico

When researching car insurance for eco-friendly vehicles in Pennsylvania, the first places to look would be State Farm, Allstate, Progressive, and Geico. Each one has a little bit different set of discounts and options that buyers can select from. The data below shows ratings and policy coverage options that are available for buyers.