Insurance
Pennsylvania Homeowners Insurance Calculator: Free Cost Estimator (2024)
Updated: May 22, 2024
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MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
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Rates updated:
Jul 26, 2024
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MONEYGEEK EXPERT TIP
To find the most affordable homeowners insurance in Pennsylvania for a $250K dwelling coverage, MoneyGeek compared quotes from several providers in the state. Among the insurance companies analyzed, Farmers offers the cheapest policy.
We also determined the best homeowners insurance in Pennsylvania if you want to balance cost and quality. Based on these criteria, we chose Allstate as the top company.
How to Estimate the Cost of Your Homeowners Insurance Policy in Pennsylvania
The average home insurance cost in Pennsylvania is merely a benchmark. Your rate is determined by your unique profile and requirements. You will be subject to different rates based on the level of coverage you choose, which kind of policy you select, your credit score, where you live, the deductible and other factors.
Use MoneyGeek's Pennsylvania home insurance calculator to get a personalized quote.
Pennsylvania
Insurance rates for homeowners are heavily influenced by your location. When insuring your home, insurance providers take into consideration the risk involved. Those living in crime-ridden neighborhoods or areas prone to natural disasters usually pay higher insurance rates. Low-risk areas, however, offer cheaper rates to homeowners.
Dwelling Coverage
You can use your dwelling coverage to repair or rebuild your home's physical structure after a covered loss. The amount of dwelling coverage you choose will affect your policy's cost.
Your insurance company or a professional home appraiser can help you determine what dwelling coverage amount is appropriate. Pennsylvania houses are typically insured for $250K.
Deductible
An insurance deductible is the amount of money that you are willing to pay for covered claims. When you choose a higher deductible, your monthly premium will be lower.
Suppose you have a $1,000 deductible, and you file a claim for $20,000 in damages. You would need to pay $1,000 before the insurer would hand over the remaining $19,000.
Liability
As the name implies, liability insurance protects the insured against third-party claims for injuries and property damage.
Since it costs just a few dollars a month to increase your liability limits by tens of thousands of dollars, MoneyGeek recommends you purchase sufficient liability coverage for your assets.
Personal Property
Having personal property coverage can help you protect your possessions. The insurance may protect against covered losses, including theft and fire.
The calculator below can help you determine the amount of personal property coverage you need. In this way, you can make sure that your insurance coverage is adequate.
Credit Score
Your credit score will also affect your home insurance costs in Pennsylvania. Due to their greater likelihood of filing claims, homeowners with low credit scores are typically considered riskier customers. Hence, they usually incur higher home insurance premiums.
Personal Property Coverage Calculator
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
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Average Cost of Home Insurance in Pennsylvania
Pennsylvania ranks 22nd among all states for the affordability of homeowners insurance. An annual policy with $250K dwelling coverage typically costs Pennsylvania homeowners around $1,816. Compared with the national average of $2,417, this rate is roughly 25% lower.
Check the following table for Pennsylvania's average home insurance cost to see how much coverage you need. By doing this, you will get an idea of what you need to put aside per month.
Average Annual Premium in Pennsylvania for Homeowners Insurance
| $100,000 | Average Annual Premium$1,535 |
| $250,000 | Average Annual Premium$1,816 |
| $500,000 | Average Annual Premium$4,869 |
| $750,000 | Average Annual Premium$7,077 |
| $1,000,000 | Average Annual Premium$9,227 |
| $2,000,000 | Average Annual Premium$27,897 |
| $3,000,000 | Average Annual Premium$45,923 |
Choosing dwelling coverage that allows you to cover the cost of rebuilding your home is a good starting point when determining how much to buy. When a total loss occurs, knowing how much it will cost to rebuild your home would be helpful.
A dwelling policy that is too comprehensive or too limited may end up costing you dearly. So, before purchasing homeowners insurance, be sure to get an estimate. A professional home appraiser or your insurance provider can give you an accurate estimate. A variety of factors will be considered, such as the age of your home, its materials and its size.
Average Cost of Home Insurance in Pennsylvania Cities
Depending on your location in Pennsylvania, homeowners insurance costs can vary. Factors such as the crime rate may affect the cost of home insurance in your city compared with another.
You can compare rates in the table below to see how they differ across cities.
Average Annual Premium in Pennsylvania Cities for Homeowners Insurance
| Lancaster | Average Annual Premium ($100K Dwelling Coverage)$924 | Average Annual Premium ($250K Dwelling Coverage)$1,595 |
| Philadelphia | Average Annual Premium ($100K Dwelling Coverage)$1,796 | Average Annual Premium ($250K Dwelling Coverage)$2,349 |
| Pittsburgh | Average Annual Premium ($100K Dwelling Coverage)$1,045 | Average Annual Premium ($250K Dwelling Coverage)$1,127 |
MONEYGEEK EXPERT TIP
According to MoneyGeek's analysis, Allstate is the best overall national homeowners insurance provider, and it’s also our top pick in Pennsylvania. Moreover, we identified the top homeowners insurance companies for various consumer profiles to assist you in finding the right provider.
Frequently Asked Questions About Home Insurance in Pennsylvania
The experts at MoneyGeek have answered frequently asked questions about home insurance in Pennsylvania to help you improve your understanding of this topic.
How much does homeowners insurance cost in Pennsylvania?
On average, Pennsylvania homeowners pay $1,816 per year for their insurance, 25% less than the national average. The state of Pennsylvania ranks 22nd for the cheapest homeowners insurance.
How do I know how much dwelling coverage to get?
For Pennsylvania, the average dwelling coverage is $250K, but depending on your home's age, size and other features, you may need to get a higher or lower limit. Consult your insurer or a professional appraiser for an accurate dwelling coverage estimate.
Insurance
Methodology
To determine the average cost of homeowners insurance in Pennsylvania, MoneyGeek sourced pricing data from Quadrant Information Services.
MoneyGeek chose a standard home profile to provide the most reliable and relevant data for developing a thorough analysis of homeowners insurance. This standard home profile consists of the following attributes:
- Construction year: 2000
- Construction type: Frame
- Composition roof
- Three-mile radius from the fire department
- Assumed value of other structures on the property: 10% of the dwelling coverage
- Personal property coverage: 40% of the dwelling coverage
- Liability limit: $100,000
- Deductible: $1,000
About Mark Fitzpatrick
Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.