Erie leads our Philadelphia rankings with a MoneyGeek score of 4.8 out of 5 and an average rate of $204 per month. It also provides local agent support across the city. USAA earned the highest score at 5 for military families and veterans, but its eligibility requirements kept it from the No. 1 spot. Chubb, State Farm and Farmers join USAA to round out the top five in our best home insurance analysis.
Best Cheap Home Insurance in Philadelphia, Pennsylvania
Updated: August 23, 2026
Advertising & Editorial Disclosure
Compare the Best Home Insurance Companies in Philadelphia
| Erie | 4.83 | $204 |
| USAA | 5 | $125 |
| Chubb | 4.71 | $174 |
| State Farm | 4.57 | $141 |
| Farmers | 4.41 | $188 |
*Rates are for a 2,500-square-foot home with $250,000 in dwelling coverage and a $1,000 deductible, built in 2000.
Our Top 3 Recommendations for Philadelphia Homeowners Insurance
Erie
Best for Philadelphia Homeowners
MoneyGeek Rating
4.8/ 5
4.9/5Affordability
4.8/5Customer Experience
4.9/5Coverage
J.D. Power Customer Satisfaction Score
N/AThe J.D. Power 2025 U.S. Home Insurance Study measured customer satisfaction using responses from 14,511 homeowners and renters. The average score is 642 out of 1,000.Average Monthly Premium
$204Rates are based on a profile with $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and a $1,000 deductible.
USAA
MoneyGeek Rating
5/ 5
5/5Affordability
5/5Customer Experience
5/5Coverage
J.D. Power Customer Satisfaction Score
737/1,000The J.D. Power 2025 U.S. Home Insurance Study measured customer satisfaction using responses from 14,511 homeowners and renters. The average score is 642 out of 1,000.Average Monthly Premium
$125Rates are based on a profile with $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and a $1,000 deductible.
Chubb
MoneyGeek Rating
4.7/ 5
4.9/5Affordability
4.4/5Customer Experience
4.6/5Coverage
J.D. Power Customer Satisfaction Score
677/1,000From the J.D. Power 2025 U.S. Home Insurance Study, which examines customer satisfaction based on responses from 14,511 homeowners and renters. The average score is 642/1,000.Average Monthly Premium
$174Based on our methodology's base profile of a policy with $250K in dwelling coverage, $125K in personal property coverage and $200K in liability coverage with a $1,000 deductible.
How Much Does Philadelphia Home Insurance Cost?
Home insurance in Philadelphia costs $239 monthly on average for $250,000 in dwelling coverage, $125,000 personal property and $200,000 liability, running slightly above Pennsylvania's average of $183 per month. Your rate depends on factors like your home's age, building materials, wildfire zone proximity and deductible amount.
Philadelphia's urban location pushes premiums up through two main factors: crime and flood exposure. High crime rates raise theft and vandalism claim frequency. Flooding from nearby rivers during storms adds property damage losses, and both raise what insurers charge to write policies in the city.
| $100K Dwelling / $50K Personal Property / $100K Liability | $146 | $1,752 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $239 | $2,867 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $381 | $4,571 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $528 | $6,334 |
| $1MM Dwelling / $500K Personal Property / $1MM Liability | $687 | $8,250 |
Who Has the Cheapest Home Insurance in Philadelphia?
USAA has the lowest home insurance rates in Philadelphia at $125 a month, 48% below the city's $239 average. Allstate is second at $126 a month, 47% below the Philadelphia average, with local agent support and solid coverage options.
| USAA | $125 | -48% |
| Allstate | $126 | -47% |
| State Farm | $141 | -41% |
| Chubb | $174 | -27% |
| Farmers | $188 | -21% |
COMPARE COVERAGE, NOT JUST COST
Adequate coverage should be your top priority as a Philadelphia homeowner, not just finding cheap rates. Look at coverage limits, deductibles and customer satisfaction ratings along with premiums to make sure you're getting real value. Find out about top providers in our best homeowners insurance companies in Pennsylvania review.
How to Get the Best Cheap Home Insurance in Philadelphia
The fastest way to lower your home insurance costs in Philadelphia is to shop around and take advantage of every discount your insurer offers.
Compare quotes from multiple insurersAsk for quotes from at least three companies, as average premiums range from $125 to $204 per month among Philadelphia insurers.
Bundle home and auto policiesMost Philadelphia insurers offer 10% to 25% discounts for bundling, including Allstate and State Farm.
Keep a strong credit scorePennsylvania insurers use credit-based insurance scores when calculating premiums. Improving your credit can lower your rates over time.
Upgrade your home’s safety featuresInstalling monitored security systems, smoke detectors, fire sprinklers and storm shutters can qualify you for discounts of 5% to 20%.
Best Home Insurance in Philadelphia: Bottom Line
Philadelphia home insurance averages $239 per month, though rates among top insurers range from $125 to $204. Erie offers strong value on both cost and service at $204 per month, and USAA has the cheapest home insurance rates at $125.
Philadelphia Home Insurance: FAQ
Yes, standard home insurance covers wind damage in Philadelphia. Your policy pays for repairs to your roof, siding and windows after a windstorm, once you meet your deductible. Rain that enters through a wind-damaged roof or window is also typically covered. Flooding and rising water are not covered under standard policies; you'd need separate flood insurance for that protection.
Home insurance doesn't cover earthquakes, flood damage, normal wear and tear and damage from lack of maintenance. Residents need separate flood insurance through the National Flood Insurance Program.
Pennsylvania doesn't legally require home insurance, but mortgage lenders require coverage until your loan is paid off. Homeowners without a mortgage still benefit from a policy. It covers losses from theft, fire and other risks common in Philadelphia.
Philadelphia homeowners have four main ways to cut premiums. Bundling home and auto saves 10% to 25%. A security system installation reduces premiums by 5% to 15%. Upgrading to fire-resistant roofing materials is worth up to 20%. Three or more consecutive claims-free years qualify you for additional discounts that vary by insurer.
Our Methodology: Determining the Best Cheap Home Insurance Companies in Philadelphia
We analyzed premium data from Quadrant Information Services for 10 major insurers serving Pennsylvania, then evaluated their coverage options and customer experience to identify companies with the best combination of affordability, financial strength and service for Philadelphia homeowners.
Our base profile used a 2,500-square-foot home built in 2000 with $250,000 dwelling coverage, $125,000 personal property coverage and $200,000 liability coverage. All policies included a $1,000 deductible to make sure we compared rates accurately. We also analyzed rates for newly constructed homes, increased dwelling coverage limits, higher deductibles of $2,500 or $5,000 and homeowners with poor credit scores to understand how insurers price coverage across different risk profiles.
We combined affordability scores (weighted 55%), customer satisfaction data from J.D. Power surveys and customer reviews (weighted 30%) and coverage add-on availability (weighted 15%) to calculate each company's final MoneyGeek score.
About Mark Fitzpatrick
Mark Fitzpatrick is a licensed Property and Casualty (P&C) Insurance Producer and MoneyGeek's resident expert in insurance and economics. In nearly a decade covering the insurance market at LendingTree and MoneyGeek, he's analyzed hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.
His work has appeared in The Washington Post, The New York Times and NPR. He draws on independent cost and consumer experience data, and no insurance company partnerships affect his recommendations.
Mark studied at Boston College and later earned a master's in economics and international relations from Johns Hopkins University. He worked in financial risk management at State Street before joining MoneyGeek. He's also a five-time “Jeopardy!” champion.