Home ownership is popular in Pennsylvania. Approximately 69% of the state’s residents own their home, the 12th highest percentage of homeowners in the country. This may be due in part to the affordability of Pennsylvania homes; the median home value is just $176,500. But even with a lower home value than the national average of $231,000, home insurance is a necessity if you own a residence in Pennsylvania.
Even though Pennsylvania homeowners insurance isn’t a legal requirement, it is still a prerequisite for the vast majority of mortgage lenders in the state. Even if you own your home outright, having home insurance is still a good idea. It protects your home and personal property financially in case of damage or theft and can even grant you further protection against lawsuits if you are found liable for damage or injury.
Choosing the best Pennsylvania homeowners insurance involves understanding the different types of policies available, determining how much coverage you need and choosing the best provider to meet your needs. The Pennsylvania Insurance Department also denotes the difference between purchasing insurance from an agent and buying directly from the insurance company. Whichever buying option you decide on, always check with the Pennsylvania Insurance Department to ensure you’re working with someone who is fully licensed and in good standing.
Best home insurance companies in Pennsylvania
Here are the top homeowners insurance companies (by market share) in Pennsylvania:
- Allstate: Allstate received above-average ratings in the 2020 J.D. Power U.S. Home Insurance study for customer satisfaction. Allstate offers all of the standard coverage options, with add-on options. The insurance company also offers an extensive list of discounts, some of which are just for signing on and for buying a new home, so homeowners can save.
- Chubb: While Chubb scored around average on the J.D. Power U.S. Home Insurance Study, the provider did exceedingly well in the U.S. Property Claims Satisfaction Study, receiving an overall four-star rating and coming in fifth of all U.S. property insurance providers. This provider works with local agents and will provide their contact information for you to get an accurate quote.
- Erie Insurance: Because Erie Insurance is a Pennsylvania-based insurance company, it makes sense that it would be one of the best Pennsylvania homeowners insurance providers. Founded in 1925, Erie currently provides home and auto insurance to customers in 13 states. The company maintains an A+ financial rating from AM Best, suggesting great long-term stability.
- State Farm: As one of the leading U.S. home insurance providers, State Farm may be a great option to consider in Pennsylvania. This provider offers almost every type of insurance you might need, from auto to life insurance, and you’ll have plenty of opportunities to bundle and save through this provider. State Farm also receives praise from J.D. Power, getting a four-star rating overall in the U.S. Home Insurance Study.
- USAA: USAA scored the highest in J.D. Power Score ratings across all categories for customer satisfaction. USAA provides all of the standard coverage options and additional add-ons that customers can choose from. Additionally, USAA coverages include fire, theft, most weather-related damages, liability, vandalism and identity theft. However, only active or former military and their families have access to USAA’s insurance policies and exclusive benefits. Because of the eligibility requirements, USAA is considered rank-ineligible by J.D. Power.
To choose the best Pennsylvania homeowners insurance providers, we looked at a number of factors that matter to homeowners. We analyzed the policy offerings available through each provider and compared them to the price of coverage. We also looked at a number of independent, unbiased sources of ratings and trusted reviews, including J.D. Power, AM Best and the Better Business Bureau.
|Home insurance company||J.D. Power score||Average annual premium|
|Allstate||829 out of 1000||$675|
|Chubb||778 out of 1000||$931|
|Erie Insurance||839 out of 1000||$629|
|State Farm||829 out of 1000||$930|
|USAA||889 out of 1000||$1,058|
Average homeowners insurance cost in Pennsylvania
The average homeowners insurance policy in Pennsylvania costs just $809 per year for a $250,000 dwelling. This is significantly lower compared to the national average annual premium of $1,477. Low insurance premiums in the state are most likely caused partially by the low average home value.
Even though Pennsylvania homeowners insurance is relatively inexpensive, premiums vary for each individual. To put our top Pennsylvania insurers to the test, we looked at quotes to see what it would cost to insure a $200,000 home.
- Amica Mutual: $1,075
- Chubb: Not available online
- Erie Insurance: Not available online
- State Farm: $1,141
Home insurance coverage options in Pennsylvania
According to the Pennsylvania Insurance Department, the best Pennsylvania homeowners insurance policies may include the following types of coverage options:
- Dwelling: This part of your homeowners insurance policy covers the replacement cost of building a comparable home.
- Other structures: This refers to structures on your property that are not attached to the home; they can typically be valued at up to 10% of the total policy.
- Personal property: This part of the policy replaces or repairs your personal items if they are stolen or damaged, either while in your home or elsewhere (such as in a personal vehicle).
- Loss of use: This covers your living expenses if your home becomes temporarily unlivable. This is typically limited to 20% of the total policy.
- Personal liability: Personal liability protects you financially if you are found liable for injury or damage; the standard coverage amount is $100,000, however our Quadrant rates reflect a limit of $300,000.
- Medical payments: This usually covers $1,000 per person in medical costs for anyone who is injured while on your property, although you can purchase more coverage.
If you live in Pennsylvania and want a home insurance policy that includes coverage for natural disasters and weather events like snowstorms, you might consider purchasing hazard insurance. This is insurance that covers major perils that aren’t included in the standard Pennsylvania homeowners insurance policy.
Common causes of home insurance losses in Pennsylvania
Homeowners insurance companies in the state of Pennsylvania saw $2 billion in losses in 2018. According to insurance provider The Hartford, some of the most common causes of insurance claims in Pennsylvania include vandalism, fires and floods.
Not all of these perils are covered by a standard Pennsylvania homeowners insurance policy and may require additional coverage. Speak to your insurance provider to make sure you are covered against common perils in your area.
Frequently asked questions
What is the best homeowners insurance in Pennsylvania?
Erie Insurance, State Farm, Amica Mutual and Chubb are all among the best Pennsylvania homeowners insurance companies. To find out which is the best option for you, compare coverage options and prices.
How do I get homeowners insurance in Pennsylvania?
You can get home insurance in Pennsylvania by working with an agent or purchasing a policy directly from an insurance provider.
What are the most common causes of home insurance claims in Pennsylvania?
Floods, fires and vandalism are among the leading causes of Pennsylvania homeowners insurance losses.
Will my Pennsylvania homeowners insurance cover flooding?
Flooding is usually not covered by your standard Pennsylvania homeowners insurance policy. Ask your provider if you need to purchase additional hazard insurance for this type of coverage.
Standard Homeowners Methodology
Bankrate utilizes Quadrant Information Services to analyze rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits:
- Coverage A, Dwelling: $250,000
- Coverage B, Other Structures: $25,000
- Coverage C, Personal Property: $125,000
- Coverage D, Loss of Use: $50,000
- Coverage E, Liability: $300,000
- Coverage F, Medical Payments: $1,000
The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).
These are sample rates and should be used for comparative purposes only. Your quotes may be different.
Rates are determined based on 2021 Quadrant Information Services data.