Car insurance pricing takes into account risks that have not only to do with the driver and the vehicle but also national and local environmental risk and regulation. Since 2011, the average national car insurance prices have increased by 23.12 percent, including rates for Philadelphia car insurance.

These increases are the result of several calculated factors.

Legislation and Regulation:

Each U.S. state has its own governing body that regulates insurance prices. These set the required minimum level of coverage that residents must carry, determine if and when insurance companies can change rates, and consider insurance legislation regarding fraud and more.

Philadelphia sits at just over $1,000 above the U.S. national average for annual car insurance prices, making your choice of car insurance provider crucial in terms of securing the best rates, with the most complete coverage for you and your vehicle.

Population and Crime:

More populated cities with higher instances of traffic congestion, crime, and uninsured drivers often have higher insurance premiums. Philadelphia has experienced 12 years of straight growth recently, after a decade of population decline. With this growth comes increased pricing on car insurance rates, as the risk of accident, crime, and uninsured drivers increases with the rise in population. A staggering 12 percent of American drive without insurance.

Weather:

Natural disasters and various other events lead to huge increases in costly claims for a given area. This causes insurance companies to raise rates in order to account for their losses.

Last year, Hurricanes Florence and Michael generated massive insured losses across parts of the USA, substantially impacting rates.

The Greater Philadelphia area’s position near the Atlantic Ocean has made it vulnerable to hurricanes and tropical storms, and to flooding from storm surges along the Delaware River.

Economy and Behavior:

Americans are increasingly reckless behind the wheel, with cell phones, alcohol, drugs, other passengers, and even the cars themselves distracting our drivers.

Unfortunately, back in 2017, Philly was ranked 191 out of 200, in the Allstate nations best drivers report.

There are also more people driving in the USA than ever before, with mileage across U.S. roads steadily increasing since 2011. As of earlier this year, gas prices remain among the lowest they’ve been in the past decade, encouraging Americans to drive more. However, more drivers on the road lead to more accidents, claims, and increased rates to compensate for the risks and losses.

Freedom Insurance Group, Inc. works hard to keep rates for auto insurance in Yardley and across Philadelphia as affordable as possible. For the best competitive rates in your area, bespoke quotes, and amazing coverage as a promise, get a free quote here today.

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When you dream of living on your own terms, you typically have a vision for your dream home. Owning a home comes with some difficulty, but it’s also a smart investment to make, especially if you plan on living in an area for five or more years. With the hefty amount of money and energy we pour into our homes, having your valuables destroyed due to an unexpected or disastrous incident could be life-changing.

At Freedom Insurance Group, Inc., our agents specialize in all types of insurance coverage for PA residents, including home insurance in Philadelphia, PA, automobile insurance, and life insurance. In this post, we want to explain the significance of personalized homeowners policies and why you should have one.

Homeowners Insurance Policy: A Necessity

In many cases, lenders will require protection on you before you can obtain a mortgage on a home. Typically, this protection will be a homeowners insurance policy personalized to the home and neighborhood you are looking to live in. Even in cases when an insurance policy is not directly required, it still is beneficial to guard against any accidents or setbacks.

Repairing Damage Following a Natural Disaster

If you’ve lived in the Northeast for some time now, you know just how unpredictable the weather can be. By possessing home insurance in Bensalem, PA, you’ll have the protection and means necessary to repair any damage that could be caused by Mother Nature.

Repairing or Replacing Your Valuable Possessions

Your home is more than just a place for you to sleep at night. It’s also where you store your most valuable belongings and possessions. When you have a personalized homeowners insurance policy, you won’t have to take on the financial burden of replacing lost furniture, electronics, and keepsakes.

Protecting Against Accidents or Personal Liabilities

Homeowners insurance can help protect you against accidents or personal liabilities if an accident were to take place inside your home. In the event that you have guests over and someone gets injured, our personalized policies will have you covered.

To learn more about our affordable and personalized homeowners insurance policies, contact us today for a quote!

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As one of the leading providers of car insurance in Philadelphia, we have created these guidelines to help you stay safe while driving this fall.

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More and more Americans are choosing to take part in a healthy lifestyle, which is one of the reasons we see more and more cyclists out on the road these days. Coupled with expensive gas prices and the vehicular congestion that occurs in major cities, riding a bicycle from point A to point B has become a primary mode of transportation for many people, especially those in the city.  

Does it seem that anytime you make a trip into Center City, your nerves are on edge driving around with all the cyclists? You’re not alone. Car insurance in Philadelphia, PA, is incredibly important and can protect you if there were ever an accident. Here at Freedom Insurance Group Inc., we are able to offer our customers policies that are priced well within the minimum requirement according to PA state law.

This summer, as you travel around, you should also be sure to know how to share the road with cyclists. Check out our five tips below.

 

1.) Freshen up on Common Biking Signals

We’ve all seen the bikers pedaling around sticking their arms and hands out to signify an upcoming turn stop or change of lane. But what exactly do the different biking signals mean? As a smart driver, you should take the time to read up on common biking signals so you can be aware for your next drive.

 

2.) Know That Bikers Have Rights on the Road

Since cyclists are required to follow the same laws as drivers, they have the same right as you to be on the roads. By putting yourself in the cyclist’s position, you can better understand the difficulties cyclists face.

 

3.) Stay Off Your Phone

This is a given, even if there are no cyclists around. The last thing you need is another distraction while driving that can put you and others at risk. Just stay off your phone!

 

4.) Give Some Space When Passing

The best way to prevent against a swipe or collision is by allowing plenty of room between you and the bike you are passing. Treat passing a cyclist as if it was like any other vehicle on the road.

 

5.) Keep Cyclist in Mind After You Park

No, we’re not saying your whole entire life has to revolve around cyclists. But, if you find yourself having to park on the side of the road, you should be alert for cyclists as you open your car door. This is really important to keep in mind if a bike lane is in between the driving and parking lane.

 

For more great tips like this, or to learn about our homeowners insurance in Philadelphia, PA give us a call at 215-375-7733.

 

 

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