Cheapest Homeowners Insurance in Pennsylvania (2024 Rates)

Pennsylvania's home insurance landscape presents diverse and cost-effective options to suit different homeowner needs. Erie is the most affordable overall and for new homes, while Allstate leads in value for high-value properties. Moreover, State Farm offers the best bundle deals, highlighting the state's variety of choices for personalized coverage.

In Pennsylvania, the cheapest home insurance is Erie, which offers the best price for $100K in dwelling coverage at just $569 per year. However, note that home insurance rates greatly depend on your dwelling coverage. Here are the best deals in Pennsylvania:

• Cheapest for $100,000: Erie at $569 per year
• Cheapest for $250,000: Allstate at $817 per year
• Cheapest for $500,000: Allstate at $1,080 per year

Check out cheap homeowners insurance to see how costs vary by dwelling coverage.

To find affordable home insurance in Pennsylvania, it's advisable to compare rates from several insurers. MoneyGeek’s home insurance calculator allows you to get Pennsylvania quotes easily, without initial personal information.

For high-value homes, the best home insurance is Allstate as it has the most affordable rate for in $750K in dwelling coverage at $1,388 annually. A significant component of home insurance is dwelling coverage, and homes with higher values tend to pay more. Here are the best-priced options:

• Cheapest for $750,000: Allstate at $1,388 per year
• Cheapest for $1MM: Allstate at $1,756 per year

Homeowners should consider purchasing dwelling coverage for the cost of rebuilding their house, separate from the property value. To examine cost changes by dwelling coverage, check MoneyGeek's cheap home insurance table.

The most affordable home insurance provider for newly constructed homes in Pennsylvania with coverage of $100K in dwelling coverage is Erie — offering a wallet-friendly premium of $287 per year. Newer homes typically come with cheaper insurance costs in Pennsylvania, mainly because modern construction materials and techniques generally resist damage more effectively.

Lower premiums for the noted dwelling coverage values in Pennsylvania are offered by:

• Cheapest for $100,000: Erie at $287 per year
• Cheapest for $250,000: Erie at $516 per year
• Cheapest for $500,000: Allstate at $657 per year

To see how these costs may evolve with different dwelling coverage for newly constructed homes, you're welcome to consult MoneyGeek's detailed comparison table.

In Pennsylvania, the most affordable home insurance for those with poor credit scores for $100K in dwelling coverage is offered by Nationwide. Insurers heavily weigh credit scores as they use it to evaluate the potential risk of the policyholder defaulting on payments. Here are the cheapest companies:

• Cheapest for $100,000: Nationwide at $647 per year
• Cheapest for $250,000 Nationwide at $1,319 per year
• Cheapest for $500,000 Nationwide at $2,590 per year

The penalty for poor credit is clear when you compare averages. For $100K in dwelling coverage, those with poor credit in Pennsylvania pay an average of $3,372 annually, compared to $936 for those with good credit scores.

State Farm, with an annual premium of $695 for $100K in dwelling coverage, is the cheapest home insurance option for Pennsylvania residents with a single claim in the past five years. Note that homeowners with past claim experience generally incur higher costs for future claims.

Here are your cheapest options for different coverage values:

• Cheapest for $100,000: State Farm at $695 per year
• Cheapest for $250,000: Allstate at $1,112 per year
• Cheapest for $500,000: Allstate at $1,470 per year

For Pennsylvania homeowners, being claim-free for the past five years as compared to having two claims, averages an annual insurance savings of $296 for a $100K dwelling coverage. This highlights the cost advantage of a claim-free record.

Home construction type and roof materials significantly impact home insurance costs. For example, in Pennsylvania, Erie offers the most affordable home insurance premium for a home with frame construction and a treated-shake roof, costing $569 annually. The higher costs associated with this type of home and roof are due to their susceptibility to extreme weather conditions, leading to potential higher insurance claims.

Here are the most affordable options for different coverage levels in Pennsylvania:

• Cheapest for $100,000: Erie at $569 per year
• Cheapest for $250,000: Allstate at $807 per year
• Cheapest for $500,000: Allstate at $1,067 per year

It's also important to note that homes with superior construction and tile roofs are cheaper to insure by $144 annually compared to frame construction with shake-treated roofs. This is due to the inherent durability of superior construction and tile materials, leading to a lower risk of damage from Pennsylvania's harsh weather, hence fewer insurance claims. Therefore, choosing superior construction and tile roofing can significantly lower your insurance costs.

Saving potentially hundreds of dollars annually is as simple as changing your deductible. In Pennsylvania, for example, the cheapest home insurance company for a $2,000 deductible is Erie, with an annual premium of $516. In contrast, the lowest premium for a $500 deductible is offered by Erie at $621 annually.

The most affordable companies for each deductible level are:

• $2,000 deductible: Erie at $516 per year
• $1,500 deductible: Erie at $548 per year
• $1,000 deductible: Erie at $569 per year
• $500 deductible: Erie at $621 per year

In home insurance, a deductible is the amount you pay before insurance covers the rest. Notably, there is a $192 difference in the average cost among all insurers when comparing $500 to $2,000 deductibles.

The most affordable home and auto bundle insurance in Pennsylvania comes from State Farm, offering an annual premium of $1,940. Incredible savings can be reaped when bundling your home and auto insurance policies.

• State Farm at $1,940 per year
• Allstate at $2,226 per year

Apart from the beckoning savings, insurance bundling grants the convenience of managing both policies with one insurer. This not only simplifies your insurance-related tasks but also ensures you deal with a single agency for correspondence. Study the best Pennsylvania insurance bundle for more information.

Nationwide is the go-to for the most affordable home insurance in many Pennsylvania areas, with rates ranging from $447 to $811. Factors including local building regulations, crime rates and extreme weather conditions contribute to the price discrepancy between cities.

• Lancaster boasts the cheapest annual premium with Nationwide at $447.
• On the other hand, Philadelphia has the priciest with State Farm at $811.

Because insurers often compute rates based on geographic specifics, shopping around could yield significant savings.