Best homeowners insurance in Pennsylvania in 2022
Pennsylvania has a high homeownership rate, with nearly 70% of the state’s residents owning their home. The average cost of home insurance in Pennsylvania is $730 per year for $250,000 in dwelling coverage. That is about $61 per month to protect your finances against costly home repairs or replacements resulting from covered losses.
Home insurance is not required by law, but is likely mandatory if you carry a mortgage. Still, the relatively low cost of Pennsylvania home insurance likely outweighs the expense of having to rebuild a house or replace your belongings out of pocket. The best homeowners insurance in Pennsylvania combines low premiums, adequate amounts of coverage and good customer service. Bankrate analyzed the current market to find the best Pennsylvania homeowners insurance companies to help make your research easier.
Best home insurance companies in Pennsylvania
To determine the carriers to feature, we started by obtaining current premium information from Quadrant Information Services for the largest home insurance companies by market share in Pennsylvania. We also analyzed each provider’s J.D. Power score, AM Best score, available coverage, discounts and policy features.
If you are looking for the best homeowners insurance in Pennsylvania, the following companies might be a good place to start:
|Home insurance company||Average annual premium for $250K dwelling||J.D. Power score|
*Not officially ranked by J.D. Power due to eligibility restrictions
Allstate received above-average ratings in the 2020 J.D. Power U.S. Home Insurance Study for customer satisfaction. The score may be partly due to the company’s dedicated local agents — Allstate has offices in just under 240 cities and towns across Pennsylvania. Allstate offers typical standard property insurance coverage options, with several add-on options. The national insurer also offers an extensive variety of discounts, some as simple as just being a new customer and buying a new home, enabling homeowners to save on their premium. But while Allstate’s premium is slightly lower than the state’s average, it isn’t the cheapest on our list. Homeowners looking for the cheapest premium might want to look elsewhere.
Learn more: Allstate Insurance review
While Chubb scored below average on the 2020 J.D. Power U.S. Home Insurance Study, the global insurer did exceedingly well in the 2021 J.D. Power U.S. Property Claims Satisfaction Study, earning a score of 896 out of 1,000 and finishing third amongst all U.S. property insurers. The company’s rates are not the cheapest in the state, but the carrier specializes in feature-rich home insurance for higher-value properties. Chubb could be an excellent option for high-net-worth homeowners in Pennsylvania who are in search of robust home insurance coverage.
Learn more: Chubb Insurance review
Because Erie is a Pennsylvania-based regional insurer, its agents may be more familiar with the needs of homeowners in the state than larger carriers. Founded in 1925, Erie currently has offices in eight Pennsylvania cities, including Pittsburgh, Philadelphia, Allentown and Harrisburg. The company maintains an A+ (Superior) financial strength rating from AM Best, indicating its sound financial position. However, Erie does have a slightly higher-than-average overall complaint index score from the National Association of Insurance Commissioners (NAIC). A baseline score is 1.00 and Erie’s score is 1.11, indicating that the NAIC receives slightly more complaints than average for the insurer.
Learn more: Erie Insurance review
As one of the leading U.S. home insurers, State Farm may be a great option to consider in Pennsylvania. This major insurer offers almost every type of insurance product you might need — including auto, home, life, boat and motorcycle insurance — and offers the opportunity to bundle and save by having multiple policies written with it. Best of all, there are State Farm agents in over 400 Pennsylvania communities, ready to provide local, personal service. State Farm’s average premium is the highest on our list, though, and is well above Pennsylvania’s average.
Learn more: State Farm Insurance review
USAA scored the highest in J.D. Power’s ratings across all categories for customer satisfaction, though it is not eligible for ranking due to its membership-based policies. USAA provides typical standard home insurance coverage and add-ons that customers can choose from. However, only active or former military members and their families have access to USAA’s insurance policies and exclusive benefits. Active personnel and family stationed at one of the Army or Navy bases in Pennsylvania may qualify for USAA membership. Veterans and retired members of the Armed Forces can also join.
Learn more: USAA Insurance review
How much is homeowners insurance in Pennsylvania?
The average homeowners insurance policy in Pennsylvania costs $730 per year for $250,000 in dwelling coverage. This is significantly lower than the national average annual premium of $1,312. Pennsylvania homeowners also pay less than homeowners in neighboring states such as New York, where the average premium is $987 annually, and Maryland, where coverage costs $1,124 annually. Low insurance premiums in Pennsylvania could be partially the result of the state’s low average home value.
Home insurance in Pennsylvania
Every state has unique considerations when it comes to home insurance. In Pennsylvania, natural disasters are relatively common, which can affect the average cost of coverage in your area. Understanding the common causes of loss in Pennsylvania might help you choose appropriate coverage limits.
Common causes of loss in Pennsylvania
Homeowners insurance companies in the state of Pennsylvania incurred nearly $15 billion in losses in 2020, according to the Insurance Information Institute (Triple-I). Pennsylvania has numerous perils and hazards homeowners should be prepared for. When shopping for home insurance, consider the following perils that are most common across the state:
- Fires: Parts of Pennsylvania are mountainous regions or heavily wooded. During drier times of the year, fire risk is higher. Residents who live in areas at risk for wildfires should be most vigilant during spring and autumn.
- Frozen pipes: Cold winters and older homes may cause pipes to freeze and burst. Insulating pipes, even with newspaper, could help prevent damage, according to Pennsylvania American Water.
- Snowstorms: Heavy snow events occur regularly during the winter months in Pennsylvania and nor’easters and blizzards that can generate two feet or more of snow are possible. Heavy snow can cause damage to roofs, which can then lead to interior damage.
- Floods: Pennsylvania experienced extensive flooding from the remnants of Hurricane Ida in summer 2021. Parts of Schuylkill, Lebanon and Dauphin counties are particularly vulnerable to heavy flooding.
There may also be additional perils that are not covered by a standard Pennsylvania homeowners insurance policy and may require additional coverage. Consider speaking to your insurance professional to make sure you are covered against common perils in your area.
Home insurance coverage options in Pennsylvania
Residents of the Keystone State may want to consider home insurance add-ons that protect their property and belongings against the state’s unique perils. Some coverage types that Pennsylvania homeowners might consider include:
- Flood insurance: Flood insurance coverage typically has to be purchased separately since flood-related damages are not covered by a standard home policy. Flood coverage is offered through the Federal Emergency Management Agency’s (FEMA) National Flood Insurance (NFIP) program and through some private insurers. If you live in a high-risk flood zone, a flood policy may be required.
- Replacement cost coverage: Opting for replacement cost coverage could provide you with enough coverage to purchase a new version of damaged or destroyed personal property at today’s cost. Additionally, you might be eligible for replacement cost coverage for the structure of your home, which could help to fully cover rebuilding costs if your house is destroyed.
- Sinkhole insurance: Pennsylvania is amongst the six states most vulnerable to sinkhole losses. However, the damage is not covered through a standard home insurance policy. Adding sinkhole coverage could save you tens of thousands of dollars should one damage your property.
- Water backup coverage: Some water damage is automatically covered by home insurance policies. But if water backs up in a sewer or drain line and damages your home, you have to have this endorsement to have coverage.
Frequently asked questions
What is the best homeowners insurance in Pennsylvania?
Allstate, Chubb, Erie, State Farm and USAA are among the best Pennsylvania homeowners insurance companies, according to Bankrate’s analysis. To find out which is the best option for you, you could compare coverage options and prices from several companies, including the ones on our list. The Triple-I recommends obtaining a minimum of three quotes when shopping for home insurance.
How do I get homeowners insurance in Pennsylvania?
The first step to getting home insurance is to get quotes. You can often do this online, but you could also call a company or work with a local agency. You’ll need your name, address, date of birth and potentially your Social Security number. You’ll also need to provide some basic information about your home, including the year it was built, how old the roof is and details about any custom features. Once you have a quote and want to purchase the policy, a company representative can walk you through the next steps.
What are the most common causes of home insurance claims in Pennsylvania?
Fires, frozen pipes, snowstorms and floods frequently cause home damage in Pennsylvania. Keep in mind that your specific region, down to your ZIP code, might experience unique losses. Talking with a local agent could help you better understand the unique causes of loss in your area.
Will my Pennsylvania homeowners insurance cover flooding?
Flooding is not typically covered by standard Pennsylvania homeowners insurance policies. However, you could ask your insurance professional about options to purchase a separate flood insurance policy. Many companies can help you purchase a policy from the NFIP, but some carriers offer their own private flood insurance as well.
Bankrate utilizes Quadrant Information Services to analyze 2021 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 will differ.