Average Cost of Homeowners Insurance in Pennsylvania (2024)


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Updated: May 22, 2024

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The average cost of homeowners insurance in Pennsylvania in 2024 is $1,575. This figure falls $848 below the national average of $2,423. Aside from coverage amount, credit rating has the largest impact on premiums, with Pennsylvania homeowners potentially seeing a $4,344 difference between the lowest and highest premium amounts based on credit scores.

If your rates have recently increased, our analysis of the cheapest policies in the state might guide you to more affordable options. Remember, the insurance provider you choose also affects your premium costs.

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Rates updated:

Jul 22, 2024

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To establish the average cost of homeowners insurance in Pennsylvania, MoneyGeek used quotes from various providers for a profile that reflects the average homeowner.

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These rates reflect the average cost of home insurance in Pennsylvania as of 2024.

1.2 MQuotes Analyzed
 
eightCompanies Compared
 
16ZIP Codes

Average Cost of Home Insurance in Pennsylvania by Coverage Amount

In Pennsylvania, the average homeowners insurance premium for a standard policy is $1,575, which is less than the national average of $2,423.

When selecting your policy, it's vital to have enough home insurance coverage to rebuild your home and replace personal belongings in the event of a total loss. For example, a smaller home with $100K dwelling coverage has an annual premium of $912. In contrast, a larger property needing $500K in dwelling coverage will see an annual premium of $2,593. These figures illustrate the direct correlation between your property's characteristics and the insurance premiums.

Average Annual Home Insurance Premium New Jersey by Coverage Amount
$100K Dwelling / $50K Personal Property / $100K LiabilityAverage Annual Premium$912
$250K Dwelling / $125K Personal Property / $200K LiabilityAverage Annual Premium$1,575
$500K Dwelling / $250K Personal Property / $300K LiabilityAverage Annual Premium$2,593
$750K Dwelling / $375K Personal Property / $500K LiabilityAverage Annual Premium$3,679

Average Cost of Home Insurance in Pennsylvania by Insurer

Homeowners insurance premiums in Pennsylvania reflect a range of prices depending on the insurer. For instance, while Allstate may offer a policy at $817 annually, Travelers' similar coverage could cost $4,422, highlighting the variance in pricing strategies and risk assessments.

For those seeking coverage, there are plenty of great providers in Pennsylvania. Differences in underwriting can lead to substantial variations in premiums, so it's wise to compare options.

Average Annual Home Insurance Premium New Jersey by Provider
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
AllstateAnnual Premium$817
ErieAnnual Premium$1,118
FarmersAnnual Premium$1,119
State FarmAnnual Premium$1,134
USAAAnnual Premium$1,218
NationwideAnnual Premium$1,319
ChubbAnnual Premium$1,452
TravelersAnnual Premium$4,422

Average Cost of Home Insurance in Pennsylvania by Credit Score

Homeowners in Pennsylvania with poor credit scores pay an average annual premium of $5,271 for homeowners insurance, a sharp increase of $3,696 compared to those with excellent credit, who pay just $927. This disparity in rates underscores the financial benefit of maintaining a higher credit score.

While you may not be able to improve your credit score immediately, over time, diligent financial habits can lead to lower insurance rates. In the short-term, comparing insurers is a smart move to find savings. Pennsylvanians can explore their options and see which providers offer the most competitive rates.

Average Annual Home Insurance Premium in NJ by Credit Rating
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
PoorAnnual Premium$5,271
Below FairAnnual Premium$3,568
FairAnnual Premium$2,467
GoodAnnual Premium$1,575
ExcellentAnnual Premium$927

Average Cost of Home Insurance in Pennsylvania by Construction and Roof Type

The material of your roof can influence your homeowners insurance premium in Pennsylvania. Roof material plays a role in determining costs. For instance, homes with tile roofs, known for their durability, often see lower insurance rates. Roofs made with shake-treated materials may incur higher premiums as they are more susceptible to damage from severe weather events.

The type of construction material used in your home can affect insurance prices. Superior construction materials that offer greater resistance to perils, such as fire, might attract better insurance rates. Conversely, standard frame construction is commonly associated with higher premiums because of its relative vulnerability.

Use the drop-downs on the table below to explore how premiums change based on your home's materials.

Average Annual Home Insurance in New Jersey by Construction and Roofing Type
Data filtered by:Results filtered by:
Construction:
Construction:Frame
Roof Type:
Roof Type:Composition
$100K Dwelling / $50K Personal Property / $100K LiabilityAnnual Premium$912
$250K Dwelling / $125K Personal Property / $200K LiabilityAnnual Premium$1,575
$500K Dwelling / $250K Personal Property / $300K LiabilityAnnual Premium$2,593
$750K Dwelling / $375K Personal Property / $500K LiabilityAnnual Premium$3,679
$1M Dwelling / $500K Personal Property / $1M LiabilityAnnual Premium$4,864

Average Cost of Home Insurance in Pennsylvania for Newly Constructed Homes

Insuring new construction in Pennsylvania averages $884 annually, which is $691 less than the $1,575 average for older homes. The modern materials and adherence to current building codes contribute to lower premiums for newer homes. The table below illustrates the premium differences for varying coverage levels.

Average Annual Home Insurance Premiums: New vs. Existing Construction
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
Existing Construction (2000)Annual Premium$1,575
New Construction (2023)Annual Premium$884

Average Cost of Home Insurance in Pennsylvania by Claims History

Homeowners in Pennsylvania with no claims in the past five years can expect an annual premium of $1,575 for standard coverage. However, if you've had one claim within the last five years, the average premium jumps to $1,902 and two claims could raise your annual cost to approximately $2,115. These figures reflect the financial impact a claims history can have on insurance rates, with premiums increasing $327 and $540 above the average, respectively, for one or two claims.

Average Annual Home Insurance in New Jersey by Claims Experience
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
Claim free for 5+ yearsAnnual Premium$1,575
1 claim in past 5 yearsAnnual Premium$1,902
2 claims in past 5 yearsAnnual Premium$2,115
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PENNSYLVANIA NATURAL DISASTERS AND HOME INSURANCE

In Pennsylvania, hurricanes and tornadoes are the natural disasters that hit homes the hardest. Tornadoes are usually covered by homeowners Insurance. However, most homeowners insurance policies do not cover flood damage. Instead, you'll need separate flood insurance.

Average Cost of Home Insurance by City in Pennsylvania

For the cities we analyzed, we found premiums ranged from $1,321 to $2,503. In Lancaster, homeowners pay about $1,321 annually, while Philadelphia residents face a steeper rate of $2,503. Location impacts premiums due to factors like crime rates and weather risks. Compared to other factors, location can significantly influence insurance costs.

Average Annual Home Insurance Premium by City
Data filtered by:Results filtered by:
Coverages:
Coverages:$250K Dwelling / $125K Personal Property / $200K Liability
AllentownAnnual Premium$1,478
LancasterAnnual Premium$1,321
PhiladelphiaAnnual Premium$2,503
PittsburghAnnual Premium$1,408

How to Shop for Home Insurance in Pennsylvania

Shopping for home insurance in Pennsylvania doesn't have to be a chore. In fact, with a little know-how, you can find a policy that fits your budget and gives you peace of mind. The key is to explore your options and understand the factors that affect pricing. Here's how to find the best deal for you.

1
Determine Your Coverage Needs

Assess how much coverage you need for your home.

2
Compare Quotes

Shop around and compare insurance quotes to find the best rate.

3
Check for Discounts

Ask about discounts for bundles, security systems and more.

4
Review Company Reputation

Look at customer reviews and financial stability of insurers.

5
Consider Deductibles

Choose a deductible that balances cost and coverage.

6
Finalize Your Policy

Select the best policy for you and finalize the details.

Bundling Home Insurance With Auto Insurance in Pennsylvania

Homeowners in Pennsylvania can unlock savings by bundling their home and auto insurance policies. Opting for a multipolicy bundle can lead to an average of 9% in savings, with the potential to save as much as $585.5 on the combined cost of auto and home insurance premiums. For a detailed look at how bundling can impact your insurance costs, explore MoneyGeek's Best and Cheapest Home and Auto Bundle Companies in Pennsylvania analysis.

Home Insurance Discounts in Pennsylvania

Pennsylvania homeowners can tap into a variety of insurance discounts.

  • Claims-free discount: For those who haven't filed a claim in several years.
  • Home safety features discount: Installation of smoke detectors, burglar alarms, etc.
  • Loyalty discount: Extended patronage with the same insurance company.

For a comprehensive understanding of how to save with these and other discounts, explore our guide on how to save with discounts. Remember, to maximize your savings, inquire about all available discounts when requesting a quote.

FAQ: Homeowners Insurance in Pennsylvania

On average, what is the cheapest insurer in Pennsylvania?
Is flooding in Pennsylvania covered by homeowners insurance?
What is the biggest factor that impacts the price of homeowners insurance in Pennsylvania?
In Pennsylvania, how much, on average, can I save bundling my homeowners insurance with auto?

Additional Resources for Homeowners Insurance in Pennsylvania

Use the curated links below to learn more about homeowners insurance in Pennsylvania.

About Mark Fitzpatrick


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Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.