Best Homeowners Insurance in Pennsylvania: As a homeowner in Pennsylvania, protecting your property is one of the most important investments you can make.
From unpredictable weather patterns to everyday risks, having solid homeowners insurance is not just a legal requirement, but a financial safety net that ensures peace of mind.
In this guide, we’ll walk you through everything you need to know about finding the best homeowners insurance in Pennsylvania and how to get a free quote today.
What is Homeowners Insurance?
Homeowners insurance is a type of property insurance that covers losses and damages to your home and personal belongings, and it provides liability coverage against accidents on your property. In Pennsylvania, where homes are subject to risks like storms, snow damage, and other hazards, having comprehensive homeowners insurance is crucial. It protects you financially in case something unexpected happens, whether it’s a natural disaster or a theft.
Why Homeowners Insurance is Essential in Pennsylvania
Pennsylvania experiences a range of weather conditions, from harsh winters with heavy snowfall to the possibility of storms and floods in the warmer months. Whether you live in a suburban neighborhood or a more rural area, the potential risks to your home are significant. Homeowners insurance shields you from having to cover costly repairs or replacements out of pocket, especially after unexpected events like fires, storms, or burglaries.
How Does Homeowners Insurance Work?
At its core, homeowners insurance provides financial protection by covering four main areas:
- Dwelling Coverage: Repairs or rebuilding of the home after damage from covered perils.
- Personal Property: Covers personal belongings inside your home (e.g., furniture, electronics).
- Liability Protection: Covers legal costs if someone is injured on your property.
- Additional Living Expenses: Pays for temporary housing if your home becomes uninhabitable.
However, there are exclusions such as flood or earthquake damage unless you specifically purchase additional coverage.
Types of Homeowners Insurance Policies Available in Pennsylvania
In Pennsylvania, homeowners have several policy options based on their needs:
- HO-1 (Basic form): Covers a limited set of perils like fire, theft, and lightning.
- HO-2 (Broad form): Extends coverage to more perils such as windstorms and hail.
- HO-3 (Special form): The most common policy, covering all perils except those specifically excluded (like flooding).
- HO-5 (Comprehensive form): Provides the most extensive coverage, including higher limits on personal property.
- HO-8 (Modified form for older homes): Tailored for homes that might not meet standard replacement costs.
Factors Affecting Homeowners Insurance Rates in Pennsylvania
Several factors determine your homeowners insurance premiums in Pennsylvania. These include:
- Location: Homes in urban areas like Philadelphia might have higher premiums compared to rural areas.
- Home age and condition: Older homes often cost more to insure due to higher repair costs.
- Credit score: Insurance companies may consider your credit score when determining rates.
- Claims history: A history of frequent claims may result in higher premiums.
- Security features: Installing smoke detectors, security systems, and deadbolts can reduce your rates.
Top 5 Homeowners Insurance Providers in Pennsylvania
Here are five reputable homeowners insurance providers in Pennsylvania:
- State Farm – Known for personalized service and competitive rates.
- Allstate – Offers a wide range of discounts and customizable policies.
- Liberty Mutual – Focuses on flexible coverage and bundling options.
- Erie Insurance – Popular in Pennsylvania for its strong local presence.
- Nationwide – Comprehensive policies with solid customer support.
Philadelphia Home Insurance by Company
What you pay for homeowners insurance in Philadelphia will depend on the insurance company you get your policy through. The most inexpensive home insurance in Philadelphia comes from Penn National Insurance, which offers average annual rates of just $992 per year. This is more favorable than the city’s average homeowners premium of $1,372.
Below you’ll find a list of the cheapest homeowners insurance companies in Philadelphia, Pennsylvania to help you start your search. Then, see our guide listing the best home insurance companies based on customer satisfaction and other factors.
AFFORDABLE HOME INSURERS IN PHILADELPHIA
| Company | Average Annual Rate |
| Penn National Insurance | $992 |
| Allstate | $1,100 |
| USAA | $1,140 |
| Encompass | $1,171 |
| Safeco | $1,282 |
Philadelphia Homeowners Insurance Prices by Coverage Level
Your chosen level of homeowners coverage impacts the insurance premiums you pay . Homeowners in Philadelphia who carry $200K in dwelling coverage pay an average of $933 per year, while those with coverage up to $400K pay around $1,909 per year.
POPULAR COVERAGE LIMITS IN PHILADELPHIA
| Coverage Level | Average Annual Rate |
| $100K Dwelling | $589 |
| $200K Dwelling | $933 |
| $250K Dwelling | $1,216 |
| $400K Dwelling | $1,909 |
Philadelphia home insurance rates by ZIP code
Not every area of Philadelphia has equal home insurance costs. The number of claims filed in your local area can be a factor in determining the price of your policy. Put simply, where you live could have a huge impact on what you pay for homeowners insurance.
The cheapest home insurance rates in Philadelphia are available in 19113. In 19113, the typical home insurance policy costs $1,136 per year — $236 less than the citywide average in Philadelphia. Find the best places to live in Philadelphia for cheap home insurance by looking at the following table.
AFFORDABLE HOME INSURANCE AREAS IN PHILADELPHIA
| ZIP Code | Average Annual Home Insurance Rate |
| 19113 | $1,136 |
| 19118 | $1,345 |
| 19106 | $1,345 |
Some parts of Philadelphia, however, are prone to home insurance rates that are higher on average. Such areas might face a higher risk of perils such as severe weather and fires. Similarly, they may also have a higher amount of crimes such as burglary or vandalism. An average annual rate of $1,431 makes 19138 the most expensive ZIP code in Philadelphia for home insurance.
EXPENSIVE HOME INSURANCE AREAS IN PHILADELPHIA
| ZIP Code | Average Annual Home Insurance Rate |
| 19138 | $1,431 |
| 19141 | $1,427 |
| 19154 | $1,422 |
Philadelphia homeowners insurance deductibles
Homeowners have numerous choices to make when buying a homeowners policy, including how high or low to set their deductible. The deductible is the total dollar amount that the insured must contribute toward a covered loss. Where you set your deductible can play a large part in how much you pay for insurance.
When thinking about your deductible, a good rule of thumb is that the lower your deductible, the higher your premiums. Therefore, if you need your home insurance rates to be lower, it pays to increase your deductible. It’s worth calling out that your deductible should only be as high as you can reasonably pay in the event of a loss.
Below you’ll find some typical deductibles offered on most home policies along with corresponding average insurance rates.
HOME INSURANCE PREMIUMS BY DEDUCTIBLE LEVEL IN PHILADELPHIA
| Deductible Level | Average Annual Homeowners Insurance Rate |
| $500 | $1,337 |
| $1,000 | $1,216 |
| $1,500 | $1,138 |
| $2,000 | $1,047 |
| $5,000 | $878 |
Home and auto insurance bundling in Philadelphia
If you’re seeking ways to save on your overall insurance costs, consider purchasing your home and auto policies from the same insurance company. Bundling your homeowners and auto insurance can save you a substantial sum each month on your auto insurance bill. Bundling policies in Philadelphia could, in fact, lead to average annual savings of 13%.
CHEAPEST CAR INSURANCE RATES WITH HOME BUNDLE IN PHILADELPHIA
| Company | Avg. Annual Auto Insurance Rate (With Bundle) |
| GEICO | $1,132 |
| State Farm | $1,214 |
| Country | $1,286 |
| American Family | $1,371 |
| Farmers | $1,453 |
How to Get a Free Homeowners Insurance Quote in Pennsylvania
Getting a free quote is the first step in finding the right homeowners insurance. You can either request quotes online through insurance websites or work with a local agent who understands Pennsylvania’s market and risks. Make sure to gather quotes from multiple providers to compare coverage and prices.
What to Look for When Comparing Insurance Quotes
When you receive quotes, don’t just focus on the price. Look at:
- Premium costs: How much you’ll pay annually or monthly.
- Coverage limits: Make sure the policy covers the full value of your home.
- Deductibles: Higher deductibles can lower premiums but may require more out-of-pocket expenses when making a claim.
- Discounts: See if you qualify for discounts based on security systems, claims history, or bundling policies.
Understanding Deductibles and Premiums
A deductible is the amount you pay before your insurance kicks in after a claim. For example, if you have a $1,000 deductible and your home sustains $10,000 in damage, you’ll pay the first $1,000 and your insurer covers the rest. Premiums, on the other hand, are what you pay annually or monthly to maintain the policy. Higher deductibles typically mean lower premiums and vice versa.
Common Discounts on Homeowners Insurance in Pennsylvania
Pennsylvania homeowners can take advantage of several discounts:
- Multi-policy discounts: Save by bundling home and auto insurance.
- Claims-free discounts: If you haven’t filed a claim in several years, you may qualify for lower rates.
- Home security discounts: Installing security alarms or smart home systems can reduce premiums.
- Loyalty discounts: Some insurers offer discounts for staying with them for a certain number of years.
How to Lower Your Homeowners Insurance Premium
You can reduce your premium by:
- Increasing your deductible: A higher deductible means lower monthly payments.
- Improving home security: Adding smoke alarms, deadbolts, or a security system can lead to discounts.
- Bundling policies: Combining your homeowners insurance with auto or life insurance can reduce costs.
- Maintaining a good credit score: Many insurers consider credit history, so keeping your score high helps.
Special Coverage Options for Pennsylvania Homeowners
Standard policies don’t cover everything. For example:
- Flood insurance: Essential for areas near rivers or flood-prone regions.
- Earthquake coverage: Though rare, some parts of Pennsylvania have experienced minor earthquakes.
- Water backup coverage: Covers damages from backed-up drains or sump pumps.
Tips for First-Time Homeowners Looking for Insurance in Pennsylvania
If you’re a first-time homeowner in Pennsylvania:
- Understand your home’s risks: Ask about local hazards like flooding or severe storms.
- Work with a local agent: They can provide valuable insights on regional insurance needs.
- Avoid common mistakes: Don’t underinsure your home or choose the cheapest policy without considering coverage limits.
FAQs about Best Homeowners Insurance in Pennsylvania
What does homeowners insurance cover in Pennsylvania?
Homeowners insurance in Pennsylvania typically covers your home and personal belongings from damages caused by events like fire, theft, vandalism, and certain natural disasters. It also includes liability protection in case someone is injured on your property.
How much does homeowners insurance cost in Pennsylvania?
The cost of homeowners insurance in Pennsylvania varies based on factors like the location of your home, its size, age, and the coverage limits you choose. On average, homeowners can expect to pay between $800 and $1,200 annually.
Are floods covered under homeowners insurance in Pennsylvania?
No, standard homeowners insurance policies in Pennsylvania do not cover flood damage. If you live in a flood-prone area, you’ll need to purchase separate flood insurance through the National Flood Insurance Program (NFIP) or a private insurer.
How can I find the best homeowners insurance in Pennsylvania?
To find the best homeowners insurance in Pennsylvania, compare quotes from multiple insurers, review coverage options, and check customer reviews. Look for companies offering discounts for bundling policies or installing security systems.
Do I need homeowners insurance in Pennsylvania?
While homeowners insurance isn’t required by law in Pennsylvania, mortgage lenders often require it as a condition for securing a home loan. Even if it’s not required, having homeowners insurance is essential for protecting your investment.
Conclusion
In summary, having the right homeowners insurance in Pennsylvania is essential for safeguarding your property and financial future. From protecting against unexpected damages to ensuring peace of mind, the right policy can make all the difference.
Whether you’re a new homeowner or looking to update your coverage, now is the perfect time to explore your options. Get a free quote today to find the best plan that suits your needs and budget. Don’t wait until it’s too late—secure your home with the right coverage.
References
To ensure the accuracy and reliability of the information provided, we’ve cited reputable sources for further reading and validation. These references offer additional insights into homeowners insurance in Pennsylvania:
- Pennsylvania Insurance Department – Official state resource for homeowners insurance regulations and tips.
- NAIC – Homeowners Insurance – Information on standard policies and consumer rights.
- Insurance Information Institute – Detailed guides on types of coverage and how to select the best plan.
- Consumer Reports – Homeowners Insurance Ratings – Independent reviews and ratings for insurance providers in Pennsylvania.
These sources provide trustworthy and comprehensive knowledge to help you make informed decisions.
