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Jeremy Wiseman
Jeremy WisemanPublic Adjuster

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

USAAScore: 95

4.5/5

Affordability

5/5

User Satisfaction

5/5

Financial Stability


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

FarmersScore: 94

5/5

Affordability

4.6/5

User Satisfaction

4/5

Financial Stability


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

AllstateScore: 92

4.8/5

Affordability

4.2/5

User Satisfaction

4.5/5

Financial Stability


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

ErieScore: 87

4.3/5

Affordability

4.3/5

User Satisfaction

4.5/5

Financial Stability


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

TravelersScore: 77

3.4/5

Affordability

3.9/5

User Satisfaction

5/5

Financial Stability


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 0.0% more than 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.

moneygeek-logo

Home Insurance Calculator

State

Pennsylvania

Dwelling Coverage

$250,000

Deductible

$500

Liability

$300,000

Personal Property

$150,000

Credit Score

Excellent
moneygeek-logo

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
Company
Amountper year
1. Farmers
In 2020, Farmers ranked #1 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Pennsylvania.
$855
2. Allstate
In 2020, Allstate ranked #2 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Pennsylvania.
$938
3. USAA
In 2020, USAA ranked #3 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Pennsylvania.
$1,130
4. Erie
In 2020, Erie ranked #4 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Pennsylvania.
$1,230
5. Chubb
In 2020, Chubb ranked #5 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Pennsylvania.
$1,261

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
Company
Amountper year
1. Allstate
In 2020, Allstate ranked #1 in Pennsylvania for the cheapest homeowners insurance for high-value homes.
$3,683
2. USAA
In 2020, USAA ranked #2 in Pennsylvania for the cheapest homeowners insurance for high-value homes.
$6,342
3. Chubb
In 2020, Chubb ranked #3 in Pennsylvania for the cheapest homeowners insurance for high-value homes.
$8,089
4. State Farm
In 2020, State Farm ranked #4 in Pennsylvania for the cheapest homeowners insurance for high-value homes.
$10,414
5. Erie
In 2020, Erie ranked #5 in Pennsylvania for the cheapest homeowners insurance for high-value homes.
$10,685

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
Company
Amountper year
1. Farmers
In 2020, Farmers ranked #1 in Pennsylvania for the cheapest homeowners insurance for homes with a pool.
$785
2. Allstate
In 2020, Allstate ranked #2 in Pennsylvania for the cheapest homeowners insurance for homes with a pool.
$805
3. USAA
In 2020, USAA ranked #3 in Pennsylvania for the cheapest homeowners insurance for homes with a pool.
$1,020
4. Erie
In 2020, Erie ranked #4 in Pennsylvania for the cheapest homeowners insurance for homes with a pool.
$1,140
5. Chubb
In 2020, Chubb ranked #5 in Pennsylvania for the cheapest homeowners insurance for homes with a pool.
$1,161

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
Company
Amountper year
1. Nationwide
In 2020, Nationwide ranked #1 for the cheapest homeowners insurance for owners with poor credit in Pennsylvania.
$1,905
2. Erie
In 2020, Erie ranked #2 for the cheapest homeowners insurance for owners with poor credit in Pennsylvania.
$3,168
3. USAA
In 2020, USAA ranked #3 for the cheapest homeowners insurance for owners with poor credit in Pennsylvania.
$3,348
4. State Farm
In 2020, State Farm ranked #4 for the cheapest homeowners insurance for owners with poor credit in Pennsylvania.
$3,982
5. Travelers
In 2020, Travelers ranked #5 for the cheapest homeowners insurance for owners with poor credit in Pennsylvania.
$4,204

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.


Do You Need Flood Insurance in Pennsylvania?This is an icon

Pennsylvania ranks 22nd in the country for flood damage, with about 564,600, or 9.9%, of homes facing the risk of flooding. To safeguard your property, you can consider getting coverage by buying a National Flood Insurance Program (NFIP) policy. It’s wise to also invest in an additional policy to enhance the coverage amount.

Do You Need Hurricane Insurance in Pennsylvania?This is an icon

In Pennsylvania, about 58,921 homes may be at risk of facing a category 3 hurricane. Damage repair costs for category 3 storms are an average of $14,596 in the state.

Do You Need Hail Insurance in Pennsylvania?This is an icon

Pennsylvania ranks 25th in the country for the number of hail events. Therefore, it’s advisable to prepare for possible hail damage by getting proper home insurance protection.

Expert Advice on Home Insurance in Pennsylvania

  1. What advice would you give for first-time buyers looking for homeowners insurance in your state?

    What if someone slips and falls on your property and decides to sue for negligence? You may want to consider having an umbrella policy. This will help shield personal assets in the event of a lawsuit. The annual cost is around $200–300 per year for a $1 million policy.

  2. How do regulations and laws in your state impact the amount or type of coverage a homeowner should buy?

    The ordinance and law endorsement exists to fill coverage gaps to cover the cost to rebuild a home or business to meet up-to-date local building codes. Imagine your property is destroyed up to 50%, and you find out the electrical system in your property needs to be completely rewired to meet local code standards. Without this coverage, the insured would be responsible for paying this difference.

  3. Are there any environmental factors homeowners should consider when selecting a home insurance plan in your state?

    Many factors affect the premium you pay, including the characteristics of your home to rebuild. This is not the same as the market value. The premium is typically lower for homes that are brick or masonry than for ones constructed mainly of wood. Another factor is the distance from your home to a water source or fire department and the community’s fire protection services. The age and condition of your home matter too. The premium is higher for older homes in poor condition than for newer homes in good condition.

    The claims history of your home and homes in your area also factor in. Homeowners should research the area for how often hail, wind or wildfire events occur. Homes located near the coast or coastline are more expensive to insure than those that are inland. Homeowners who live near the coastline may have a separate deductible for hurricanes or might need windstorm insurance policies for their homes.


Jeremy Wiseman
Jeremy WisemanPublic Adjuster

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.

Sources