besthome insurancePittsburghThe Best Cheap Homeowners Insurance in Pittsburgh, Pennsylvania for 2023: Quotes and Reviews
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besthome insurancePittsburghThe Cheapest and Best Homeowners Insurance in Pittsburgh
The Cheapest Home Insurance Companies in Pittsburgh
Finding the cheapest homeowners insurance requires that you only look at cost, as there are plenty of policies offered by insurers with the same core coverages at different price points.
The companies offering the most affordable home insurance in Pittsburgh with the baseline dwelling coverage of $250,000 are, on average:
- Farmers: $593 per year
- Allstate: $604 per year
Homes that cost more to rebuild, however, may require more dwelling coverage. For homes that require $2 million in dwelling coverage, MoneyGeek found that, on average, these companies offer the cheapest policies:
- Allstate: $2,098 per year
- USAA: $4,988 per year (only available for current and former military members and their families)
To see how different dwelling coverage limits can change your annual premiums, check out the table below.
The Cheapest Home Insurance in Pittsburgh, Ranked
Dwelling Coverage:
$250,000
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Rates of policies with a $250,000 dwelling coverage limit came with a $100,000 personal property limit, while those with $2 million in dwelling coverage had an $800,000 personal property limit. All policies mentioned had $100,000 in liability coverage.
For residents who don’t live within Pittsburgh or are considering nearby cities, MoneyGeek analyzed the best home insurance in Pennsylvania.
The Average Cost of Homeowners Insurance in Pittsburgh for 2022
Pittsburgh$883
PA$1,348
U.S.$2,103
The average rates for home insurance depend on where you live. Typically, Pittsburgh residents pay far less than the rest of those in the state. The average cost of home insurance in the city is $883 per year compared to the roughly $1,348 the rest of Pennsylvania homeowners pay. This average is also lower than the national average, which stands at $2,103 per year.
Calculate the Cost of Home Insurance in Pittsburgh
Home insurance costs are determined by a number of factors. This can include factors like when your home was built, your credit score, dwelling or personal property coverage limits, your deductibles and more. In order to find the best option for you, you can compare quotes in your state using MoneyGeek’s home insurance calculator.
Home Insurance Calculator
State
Pennsylvania
Dwelling Coverage
$250,000
Deductible
$500
Liability
$300,000
Personal Property
$50,000
Credit Score
Excellent
low end
on average
high end
These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in Pittsburgh
Aside from considering cost, you should also evaluate other factors such as customer experience reviews and the insurer’s financial stability. This is to ensure that you will have prompt assistance when filing a claim, along with making sure that it’s processed quickly and fairly during such a stressful time.
Based on MoneyGeek’s findings, the best homeowners insurance in Pittsburgh is offered by:
- Best Overall: Farmers
- Runner-up: Allstate
MoneyGeek ranked insurers in the state based on affordability, user satisfaction and financial stability.
1
Farmers
Score:94
Aside from its affordability, Farmers also offers unique benefits and features to their policyholders. For example, policyholders are rewarded for not making claims. After five claim-free years, you won’t be penalized with higher rates if you do have to make a claim. Moreover, policyholders can add on Farmers Identity Shield to cover the expenses of having their identity stolen.
More About Farmers
MoneyGeek’s winner in Pittsburgh is Farmers, scoring excellently across all categories with a perfect score in affordability. All their policies come with declining deductibles, which reduces your deductible by $50 each year you hold a policy.
Read MoneyGeek's Farmers home Insurance Review2
Allstate
Score:93
Allstate’s policies are not just affordable, but policyholders have the option to get unique add-ons as well. For every year you stay claims-free with Allstate, your deductible will decline up to $100, up to a limit of $500. This means it will cost less when you actually file for a claim. They also offer a discount if you are switching to Allstate and you were claim-free at your previous insurer. This makes it more affordable for those who have not filed a claim at all.
More About Allstate
MoneyGeek’s runner-up in Pittsburgh is Allstate. It ranked particularly well in affordability. Allstate has Claim Rateguard, which means that your home insurance rate won’t increase just because you file a claim.
Read MoneyGeek's Allstate home Insurance Review3
USAA
Score:91
4
Erie
Score:90
5
Nationwide
Score:84
6
Chubb
Score:83
7
Travelers
Score:82
8
State Farm
Score:74
Cheapest Home Insurance Companies in Pittsburgh for Newly Constructed Homes
Homeowners in Pittsburgh that have newly constructed homes pay less for home insurance. This is because new homes are built with modern materials that are more resistant to damage and are easier for insurers to replace.
Policies for newly built homes in Pittsburgh cost an average of $679 per year. This is $204 less than the cost to insure a home built in 2000.
On average, the cheapest insurers in Pittsburgh for newly constructed homes are:
- Allstate: $479 per year
- Farmers: $486 per year
The Cheapest Home Insurance in Pittsburgh for New Homes, Ranked
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Cheapest Home Insurance Companies in Pittsburgh if You Have a Lot of Personal Property
Home insurance policies have personal property coverage, which is what protects your personal belongings or items within your home. If you have a lot of high-value items, such as gadgets or expensive appliances, you might want to opt for more of this coverage. However, higher coverage levels can cost a little more.
In Pittsburgh, a policy with $250,000 in personal property coverage costs an average of $981 annually, which is $98 more than the average cost of policies with a $100,000 personal property limit.
For residents who desire $250,000 in personal property coverage, the cheapest insurers in Pittsburg are, on average:
- Farmers: $612 per year
- Allstate: $622 per year
Cheap Companies in Pittsburgh for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in Pittsburgh for High Deductibles
A policy’s deductible can greatly affect the cost of home insurance, which is what you pay out-of-pocket when you make a claim. Higher deductibles lead to lower premiums but can cost more when you file a claim.
For instance, the average cost of a policy in Pittsburgh with a $2,000 deductible is $765 per year. This is cheaper than a policy with a $1,000 deductible by $118.
On average, the cheapest insurers in Pittsburgh for residents looking for policies with a $2,000 deductible are:
- Farmers: $496 per year
- Allstate: $535 per year
The Cheapest Companies in Pittsburgh for High Deductibles, Ranked
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Cheapest Home Insurance Companies in Pittsburgh if You Have Poor Credit
One of the many factors that insurers in Pittsburgh consider is your credit score. The lower it is, the higher your premiums and vice versa.
Low credit score holders in Pittsburgh pay an average of $2,781 annually for home insurance, which is $1,898 higher than the average of $883 for those with good credit scores.
Residents with a poor credit score can still find cheap homeowners insurance in Pittsburgh. MoneyGeek identified that these are the cheapest insurers for those with low credit:
- Nationwide: $962 per year
- Erie: $1,931 per year
The Cheapest Companies in Pittsburgh for Poor Credit, Ranked
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Getting Online Homeowners Insurance Quotes in Pittsburgh
Before comparing home insurance quotes, Pittsburgh residents need to prepare a list of information to give to insurers. This can include:
- The replacement cost of your home: To determine the appropriate dwelling coverage limits for you, you’ll need to provide a rough estimate of how much it costs to rebuild your home. Building contractors or construction professionals can provide this.
- The value of your personal property: To find out how much personal property coverage you’ll need, insurers will ask for an estimate of the value of your personal items.
- Personal information: Insurers will also ask for personal information such as your address, birthdate, Social Security number, who lives in your home, your insurance history and other personal details.
- Information about your house: This includes the technical details of your house, such as how big it is, when it was built, the security systems installed, the attachments that were built and more.
Homeowners Insurance in Pittsburgh Analysis: Methodology
Home insurance rates from eight companies in Pittsburgh were gathered by MoneyGeek for this study using a sample resident profile. This profile had a 2,500 square foot home built in 2000 and looked for a policy with $250,000 in dwelling coverage, $100,000 in personal property coverage, $100,000 in liability limits and a $1,000 deductible.
Rates were also gathered for those with different circumstances or preferences, such as for those with newly-built homes or poor credit, along with those who prefer higher dwelling or personal property coverage or higher deductibles.
In partnership with Quadrant, MoneyGeek collected home insurance premiums with varying levels of coverage to calculate affordability scores. J.D. Power user surveys were also used to get user satisfaction rates.
About Mark Fitzpatrick
