How Much Is Auto Insurance in Pennsylvania?

Pennsylvania’s Department of Transportation (or PennDOT) wants to know that every driver in the state has the financial means to handle an accident. Carrying auto insurance is not just mandatory but also a wise decision. One serious accident can force a person to liquidate all his assets to pay for the damages caused. PennDOT has established certain auto insurance requirements for all drivers.

Pennsylvania Auto Insurance Requirements

Pennsylvania requires all licensed drivers to carry liability insurance and imposes certain minimum coverage limits. Pennsylvania auto insurance has one of the lowest required liability coverage limits in the nation, at 15/30/5. The first number corresponds to $15,000 of coverage for any one person injured in an accident caused by the policyholder. The second number tells how much the policy will cover all injured parties in an accident, in this case, $30,000. The third number is how much coverage the policyholder has for property damage.

When considering automobile insurance, consumers should note that Pennsylvania auto insurance requirements are some of the lowest in the nation. Pennsylvania car insurance provides almost no protection in anything other than a minor accident.

For example, $5,000 will not cover such considerable damage to another person’s car. One emergency room visit could cost up to $15,000 or more, not to mention any ongoing medical care that might be necessary.

It is important to buy enough insurance coverage to protect your other assets to prevent the cost of a severe accident from exceeding your policy limits and causing financial difficulties. Most Pennsylvania drivers choose an auto insurance policy with at least $100,000 in liability insurance and also consider comprehensive and collision insurance.

Average Auto Insurance Rates in Pennsylvania

Drivers in Pennsylvania have the suitable fortune of spending just slightly less than the national average for auto insurance coverage with most good drivers paying around $1,420 a year. Auto coverage rates will vary; however depending on your unique risk profile, the car insurance company chose and what type of policy coverage you buy. $1,420 is an excellent guide to using as a ballpark figure for a full coverage auto insurance for most good drivers. However, your premiums could very well be much higher or lower.

Pennsylvania Traffic Accident Statistics

Auto insurance is imperative no matter how good a driver you are. Pennsylvania drivers experienced 1,188 fatalities from all types of traffic accidents in 2016. Although the good news is this statistic has come down each year since 2005.

Whether it’s a minor car accident or one involving fatal injuries, the cost of any car accident can often reach well beyond what you can afford. So even if you can’t afford full coverage, auto insurance policy always to try to purchase as much protection as you can afford.

How Much Is Pennsylvania Auto Insurance Per Month?

Pennsylvania drivers pay about $138 a month for auto insurance, but young drivers and high-risk drivers can often pay well over $200 a month. Women drivers usually pay less for car insurance compared to a male driver with the same risk profile. Fortunately, Pennsylvania has over 100 licensed auto insurance companies to choose from making the search for affordable auto insurance very possible.