The Best Homeowners Insurance Companies and Cheapest Quotes in Pennsylvania for 2021

Homeowners in Pennsylvania see all four seasons, from heavy snow in the winter to summer hailstorms. Picking the right home insurance policy not only covers storm damage, but it also protects your belongings and covers liability if an accident happens on your property. MoneyGeek studied insurance companies offering home coverage across Pennsylvania and ranked them based on three unique criteria to help homeowners find the best and most affordable option for their property.

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The 5 Best Homeowners Insurance Companies in Pennsylvania

Price is not the only factor to consider when obtaining home insurance coverage. You could also analyze other important elements such as each company’s coverage features, customer support quality and ability to pay claims, among other factors. After you evaluate these points, you can select an insurer that meets your requirements. To help you choose the best homeowners insurance in Pennsylvania, MoneyGeek ranked the state’s top five companies and compared them using the cost of their policies in the state, ability to pay claims based on AM Best’s financial stability rating and J.D. Power’s customer satisfaction scores.


1
USAA
Score:95

4.5/5

Affordability

5/5

User Satisfaction

5/5

Financial Stability

More About USAA

USAA's standard home insurance package covers fire and weather damage, theft and vandalism, roof and exterior wall damage, electronic devices, loss of use and liability protection. In addition, USAA offers unique benefits such as identity theft and replacement costs.

2
Farmers
Score:94

5/5

Affordability

4.6/5

User Satisfaction

4/5

Financial Stability

More About Farmers

Farmers presents flexible coverage features, including guaranteed replacement cost and policies for homeowners and mobile or manufactured, specialty and condo homes. This provider can also help with valuable papers like lost passports and others. Farmers' customer perks include a useful mobile app, a robust financial rating and a declining deductible.

Read MoneyGeek's Farmers home Insurance Review
3
Allstate
Score:92

4.8/5

Affordability

4.2/5

User Satisfaction

4.5/5

Financial Stability

More About Allstate

Allstate's home insurance products include HO-3 (homeowners insurance), renters insurance and condominium insurance. Its coverages include dwelling, liability, medical, other structures and property. Discounts are offered to customers who wish to bundle policies and have a clean claims history and a strong credit score.

Read MoneyGeek's Allstate home Insurance Review
4
Erie
Score:87

4.3/5

Affordability

4.3/5

User Satisfaction

4.5/5

Financial Stability

More About Erie

Besides standard features, Erie offers additional coverages such as earthquake insurance, flood insurance, water backup and sump overflow, service line protection, jewelry and high-end valuables, firearms, computer and equipment, other structures, personal liability, identity recovery, home business protection and rental income protection. Erie provides three main rebates, which are multi-policy, safety systems and advanced quote discounts.

Read MoneyGeek's Erie home Insurance Review
5
Travelers
Score:77

3.4/5

Affordability

3.9/5

User Satisfaction

5/5

Financial Stability

More About Travelers

Travelers' basic coverage includes dwelling, other structures, personal property, liability and additional living expenses. Extra coverage is offered for water backup, enhanced dwelling and scheduled personal property. Travelers offers new home, multi-policy, claim-free and home safety discounts.

Read MoneyGeek's Travelers home Insurance Review

What Is the Average Cost of Homeowners Insurance in Pennsylvania?

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home insurance is equal to the average.

The average annual cost of home insurance in Pennsylvania is $1,348, which is 35.9% less than the national average of $2,103. In Pennsylvania, the baseline coverage amount is $250,000. Companies estimate homeowners insurance in Pennsylvania based on points like home value, crime rate and exposure to adverse weather conditions, among others.

Home Insurance Calculator: Estimate the Cost of Homeowners Insurance in Pennsylvania

Your homeowners insurance cost is determined by individual circumstances as well as area-related factors. Carriers estimate homeowners insurance in Pennsylvania based on several points, including a house’s age, roof quality, dwelling value, deductibles, presence of a pool and others.

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Home Insurance Calculator

State

Pennsylvania

Dwelling Coverage

$250,000

Deductible

$500

Liability

$300,000

Personal Property

$50,000

Credit Score

Excellent
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low end

on average

high end

These are annual estimates. Get a personalized quote to determine your costs.

The Cheapest Homeowners Insurance Quotes in Pennsylvania

Homeowners insurance in Pennsylvania also depends on elements such as dwelling coverage. This option pays for the cost of repairing your property if it gets damaged by a covered event. In Pennsylvania, Farmers presents the cheapest rate for an average dwelling coverage amount of $250,000. Its average yearly price is $855, which is about $492, or 36.5%, less than the state average. To save money, you could aim to compare homeowners insurance quotes and pick the best package for your home.

Cheapest Homeowners Insurance by Dwelling Coverage

Dwelling Coverage:

$250,000

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    Amountper year

Best Cheap Homeowners Insurance Companies for Expensive Homes

If you own an expensive property, like a $2 million house, it is still possible to get a cheap homeowners insurance plan in Pennsylvania. Allstate is the most affordable provider in this state for a $2 million home, with an average annual premium of $3,683. The costliest carrier in the state is Farmers with an average yearly rate of $27,094. Compare quotes to find the most suitable plan for your budget and needs.

Cheapest Homeowners Insurance Companies for High-Value Homes

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Best Homeowners Insurance Companies if You Have a Pool

Having a pool can raise your home insurance rates. Farmers offers one of the best homeowners insurance plans in Pennsylvania for pool homes with an average dwelling coverage of $250,000. Its average yearly price is $785. Generally, the package may offer coverage for any damage to the pool’s scheduled structure as well as liability coverage to safeguard you if a guest gets injured in your pool.

Cheapest Homeowners Insurance for Pool Home

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    Amountper year

Cheapest Home Insurance in Pennsylvania if You Have Poor Credit

Most providers use your credit score to decide your home insurance rate. You can improve your credit score by maintaining low credit card debt and making timely payments. Nationwide offers the best homeowners insurance in Pennsylvania for people with poor credit. Its average annual premium is $1,905 for a dwelling coverage baseline amount of $250,000.

Cheapest Homeowners Insurance for Poor Credit

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How to Get Homeowners Insurance Quotes in Pennsylvania

You’ll need to provide basic personal information like your name, phone number, social security number and address to the carrier when you request home insurance quotes in Pennsylvania. You should also know the current value of your property, belongings and any add-ons that you may have installed. The provider will give you a custom quote based on your answers to their questions.

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Other Considerations for Homeowners Insurance in Pennsylvania

Insurance firms will assess the average home value, crime figures and weather risks in your area, among other elements, to decide your homeowners insurance cost in Pennsylvania. For instance, Pennsylvania ranks 43rd in the U.S. for the number of crimes. FBI statistics indicate a total of 190,816 property crimes and 39,192 violent crimes in the state in 2018.

Pennsylvania ranks 35th in the nation regarding home value with an average property cost of $194,603. Your house can face the risk of hazardous weather conditions if you live in an area that is prone to natural disasters. Prepare for emergencies beforehand by getting information on natural disasters in your region and obtaining adequate home insurance coverage.

Methodology

MoneyGeek analyzed homeowners insurance premiums from 16 of the top insurance companies in Pennsylvania that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Pennsylvania. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $250,000, liability coverage of $100,000 and personal property coverage of $100,000.

About the Author


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The MoneyGeek editorial team has decades of combined experience in writing and publishing information about how people should manage money and credit. Our editors have worked with numerous publications including The Washington Post, The Daily Business Review, HealthDay, and Time, Inc., and have won numerous journalism awards. Our talented team of contributing writers includes mortgage experts, veteran financial reporters, and award-winning journalists. Learn more about the MoneyGeek team.


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