Average car insurance cost in Reading, PA

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The average car insurance cost in Reading, Pennsylvania is $1,942 per year, according to Insure.com data analysis. Also, the car insurance rates in Reading is $70 more than the average rates in Pennsylvania and $47 more than the national average.

Most insurance providers consider factors such as location, city demographics, population density, and average resident age, accident rates, theft and vandalism rates while determining your car insurance premium. This may lead to either lower or higher costs compared to other regions.

This article provides details on the most and least expensive car insurance companies in Reading, the average car insurance rates categorized by age and gender, and the cost of car insurance in Reading based on coverage limits. Whether you’re a new driver or an experienced driver, this article will help you find the most cost-effective auto insurance in Reading. Read on to learn more.

Cheap car insurance companies in Reading

Travelers provides the best value for car insurance in Reading with coverage limits of 100/300/100, costing $902 annually.

A close second is Nationwide, which offers car insurance at $1,234 per year.

Read about the best car insurance companies.

Average car insurance cost in Reading by coverage limits

In Reading, the average car insurance rates based on coverage types are as follows:

• State minimum coverage: $424 per year (limits are 25/50/25)
• Liability only coverage: $565 per year (limits are 50/100/50)
• Full coverage: $1,942 per year (limits are 100/300/100)
• Non-owners coverage: $295 per year

In most states, drivers must have the state minimum coverage to drive legally, but these vary by state. However, state minimum coverage does not cover any vehicles listed on your policy in an at-fault accident.

To avoid compromising on the coverage and pay out-of-pocket expenses, it is better to have full coverage or non-owner coverage if you don’t own a car but borrow or rent one frequently.

Average car insurance rates by gender in Reading

The average car insurance rate for a female driver in Reading, Pennsylvania, is $1,942 per year.

While the rate for a male driver is $1,942 per year, which is equals to what female drivers pay, according to a rate analysis by Insure.com.

Women are considered to be safer drivers than men, and statistics have proved this, according to the Insurance Information Institute. They often pay less for auto insurance because of their lower rate of severe accidents than men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Reading

Car insurance rates in Reading, are highest for teens at $5,977 per year or $498 per month. According to the Insurance Information Institute, the rates are higher for teens (16- to 19-year-olds) as they are more prone to road accidents due to their lack of experience on the road. To address this, there are specific driving laws for teens to help them drive better. Additionally, parents can potentially reduce teen insurance rates by adding them to their existing auto insurance policy.

As teens age and build a positive driving history, it’s common for car insurance rates to decline. Young adults typically pay $3,208 annually for their car insurance, which is $2,769 less than what teens pay for their insurance coverage.

In Reading, adult drivers pay an average of $1,973 per year for car insurance, while senior drivers pay $1,968 annually.

The rates for adults and seniors are notably lower compared to the rates for teens and young adults as they are more likely to obey the speed limits and follow the rules of the road, as per the Insurance Information Institute.

Read more on auto insurance for seniors.

The table below depicts the average annual rates for drivers of different age groups:

Car insurance rate trends in Reading

Examining the trends in car insurance rates in Reading, Pennsylvania it was on an upward swing from 2022 to 2023. From 2022 to 2023 rates increase overall by 37%, or $529.

The table below shows the trend for last four years:

Conclusion

In conclusion, Reading’s car insurance rates are higher than the average insurance rates in Pennsylvania. Drivers in Reading can find affordable car insurance options by shopping around and taking advantage of available discounts. Moreover, many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.