Best cheap home insurance in Philadelphia in 2025
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
The best home insurance companies in Philadelphia
According to Bankrate’s research, USAA, Erie, Allstate, State Farm and PURE may be some of the best home insurance options in Philadelphia. While price is an important decision factor for many homeowners, it is not the only thing to think about when choosing an insurance company. To find the best home insurance companies in Philadelphia, our team considered average rates, coverage options, discounts, financial strength scores, J.D. Power rankings, accessibility and more. We converted these metrics into our proprietary Bankrate Score out of 5, and only chose providers with scores of 3.0 and above.
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Why USAA made our list: USAA was one of two winners of a 2025 Bankrate Award for Best Home Insurance Company Overall. USAA’s homeowner's insurance is value-packed; in addition to average rates landing it in the top five cheap Philly home insurance companies, replacement cost coverage comes standard. If your home or its contents are damaged or destroyed, you can rebuild or replace items at the current market cost, without depreciation. However, USAA is only available to members of the military and their qualifying family members.
Why USAA may be the best overall: Year after year, USAA is a consistent high-scorer in both the J.D Power Home Insurance Study and the Property Claims Satisfaction Study — both of which are strong signals of excellent customer service. USAA doesn’t have any physical agency locations, but its digital tools also scored above average with J.D. Power. USAA also boasts the highest financial strength rating possible from AM Best, which reflects its strong historical ability to pay out claims.
| Bankrate Score | 4.8 |
| J.D. Power | 737/1,000 |
| AM Best Rating | A++ |
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Why Erie made our list: Erie ranked fourth in the 2024 J.D. Power Home Insurance Study, beating out even the largest home insurance companies in the country. Like USAA, replacement cost coverage comes standard with Erie. Erie also advertises a generous average bundling discount of 20 percent, which could interest Philadelphia homeowners also on the hunt for a car insurance policy.
Why Erie may be the best regional insurance company: Erie only offers policies in 12 states and the District of Columbia and was founded in Pennsylvania. Some homeowners prefer regional, as opposed to national, home insurance companies because they feel more comfortable working with a smaller company. Erie has agent offices throughout Philadelphia, but its digital tools are lacking compared to some national companies.
| Bankrate Score | 4.3 |
| J.D. Power | 674/1,000 |
| AM Best Rating | A+ |
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Why Allstate made our list: Allstate’s home insurance policies are highly customizable. On its website, Allstate offers nine different coverage endorsements for enhanced protection. Allstate has a few discounts you may be able to use to further lower rates, like the welcome and loyalty discounts, new homebuyer or new construction home, having active safety devices installed in your home and automatic payments. Allstate received a 4.2 Bankrate Score but ranked just below the industry average in the 2024 J.D. Power Property Claims Satisfaction Study.
Why Allstate may be the best overall: If you’re looking for a well-rounded home insurance company that covers multiple bases, it may be worth getting a quote from Allstate. The company boasts highly rated digital tools and a broad network of local agents. Allstate also sells other insurance products like auto, life, pet, travel, event, business and umbrella, which could make it a good choice for Philadelphia homeowners looking to house all of their insurance needs with one company.
| Bankrate Score | 4.2 |
| J.D. Power | 631/1,000 |
| AM Best Rating | A+ |
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Why State Farm made our list: State Farm is the largest home insurance company in the country by market share. It offers a solid list of discounts, including savings for having a storm-resistant roof, a home security system, wind mitigation features and a bundling discount. Through its partnership with US Bank, State Farm also offers a selection of financial products like checking accounts and credit cards.
Why State Farm may be best for policy management options: State Farm offers the best of both worlds in terms of how customers can manage their policies. State Farm has a national work of over 19,000 agents, with ample offices in the Philadelphia area. State Farm’s mobile app has a 4.8-star rating on the App Store and 4.5 on Google Play. State Farm’s digital tools ranked above average in the service category of the J.D. Power Insurance Digital Experience Study, but fell below average in the shopping category.
| Bankrate Score | 4.1 |
| J.D. Power | 643/1,000 |
| AM Best Rating | A++ |
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Not rated
Why PURE made our list: Privilege Underwriters Reciprocal Exchange, or PURE, is a reciprocal insurer. This means that policyholders (or members, as they’re called) own the company and spread insurance risks among members. With its Subscriber Savings Account, the premium surplus may be held in a special member account, and after 10 years, policyholders may begin to make cash withdrawals.
Why PURE may be best for high-value homes: PURE home insurance is only available to those with homes valued at $1 million or higher. PURE caters its insurance products to “high net worth individuals,” and its base home insurance policy includes replacement cost and water backup coverage. However, because of the home valuation requirement, PURE may not be available to all Philadelphia homeowners.
| Bankrate Score | 4.1 |
| J.D. Power | |
| AM Best Rating | A+ |
Bankrate's trusted insurance industry expertise
Read our full methodologyThe insurance market can be complicated, but Bankrate's insurance editorial team used our unique perspective to bring readers the information they need to make educated decisions when shopping for a policy.
78
years of industry experience
9
licensed staff
34.5K
ZIP codes examined
120
carriers reviewed
The cheapest home insurance companies in Philadelphia
The cost of living in Philadelphia is slightly above the national average, which may tighten some homeowners’ insurance budgets. To help homeowners find affordable rates, Bankrate’s insurance editorial team compiled average rates from the cheapest home insurance companies in Philadelphia.
|
|
|
|
|---|---|---|
|
$78
|
$934
|
|
|
$81
|
$966
|
|
|
Cumberland Mutual Fire
|
$101
|
$1,214
|
|
$130
|
$1,560
|
|
|
|
|
|---|---|---|
|
$84
|
$1,006
|
|
|
$88
|
$1,057
|
|
|
Cumberland Mutual Fire
|
$117
|
$1,404
|
|
$144
|
$1,730
|
|
|
|
|
|---|---|---|
|
$93
|
$1,117
|
|
|
$103
|
$1,238
|
|
|
Cumberland Mutual Fire
|
$156
|
$1,869
|
|
$178
|
$2,134
|
|
|
|
|
|---|---|---|
|
$125
|
$1,501
|
|
|
$145
|
$1,739
|
|
|
$263
|
$3,160
|
|
|
Cumberland Mutual Fire
|
$275
|
$3,304
|
Compare home insurance rates
Answer a few questions to see personalized rates from top carriers.
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
How much is home insurance in Philadelphia, PA?
The average cost of homeowners insurance in Philadelphia is $1,758 for a policy with a $300K dwelling limit. This puts Philadelphia home insurance costs 41 percent more than the statewide average of $1,245. Philadelphia is the largest and most densely populated city in the state, and typically, insurance risks are higher in areas with greater population density. Being one of the oldest cities in the nation doesn’t help — historic homes can be expensive to maintain.
Knowing the citywide average can help you set expectations about what you’ll pay for your policy. Still, home insurance rates are unique to the homeowner. Different rating factors like your credit, home age and deductible can all affect what you pay for your home insurance.
Philadelphia rates by credit tier
In Pennsylvania, home insurance companies are allowed to look at your credit rating when setting your insurance premium. In most cases, homeowners with good or excellent credit get the cheapest rates, while those in the average or poor credit tiers usually pay more. If you’re struggling with high home insurance costs, taking the steps to build up your credit could help you get a lower rate. Even a moderate increase in your credit score could help you see a big difference when your policy comes up for renewal.
|
|
|
|
|
|
|---|---|---|---|---|
|
$6,054
|
$1,369
|
$934
|
$301
|
|
|
$2,595
|
$1,091
|
$966
|
$771
|
|
|
Cumberland Mutual Fire
|
$3,256
|
$1,361
|
$1,214
|
$1,087
|
|
$4,075
|
$1,830
|
$1,560
|
$1,136
|
|
|
$4,929
|
$2,006
|
$1,618
|
$1,121
|
Philadelphia rates by home age
Generally, newer homes are seen as lower risk by insurance companies and may be cheaper to insure. Older homes, especially ones with older roofs, could be more prone to damage. Aging homes may also have older electrical systems and corroded pipes, which often leads to the need for a pricey system overhaul. Even standard CPVC pipes may cost up to $3 per linear foot to replace. Plus, in Philly, if the plumber notices code violations while making a fix on an older home, they are required to bring the property up to modern standards during the project. That can get very expensive. The median home age in Philadelphia is 93 years old, which could make home insurance more expensive for some homeowners.
|
|
|
|
|
|
|
|---|---|---|---|---|---|
|
$1,302
|
$1,168
|
$1,155
|
$1,031
|
$827
|
|
|
$1,377
|
$1,398
|
$1,355
|
$1,154
|
$890
|
|
|
Cumberland Mutual Fire
|
$1,330
|
$1,330
|
$1,330
|
$1,317
|
$1,139
|
|
$1,852
|
$1,852
|
$1,852
|
$1,816
|
$1,395
|
|
|
$2,424
|
$2,320
|
$2,364
|
$2,163
|
$1,342
|
Philadelphia rates by deductible amount
When you’ve exhausted every other option, consider raising your home insurance deductible for a lower premium. Your home insurance deductible is the amount of money you are financially responsible for after you file a covered claim. For example, if your deductible is $1,500 and you file a successful claim for $2,000, your insurance company would only chip in $500. The more of the financial responsibility you shift away from the insurance company, the cheaper your rate will likely be, but it should be an amount you could reasonably pay in a pinch. In the table below, you can compare average home insurance premiums by deductible from the cheapest home insurance companies in Philadelphia.
|
|
|
|
|
|---|---|---|---|
|
$918
|
$902
|
$824
|
|
|
$883
|
$883
|
$771
|
|
|
Cumberland Mutual Fire
|
$1,214
|
$1,096
|
$991
|
|
$1,428
|
$1,399
|
$1,258
|
|
|
$1,566
|
$1,520
|
$1,309
|
Frequently asked questions
Methodology
Bankrate utilizes Quadrant Information Services to analyze April 2025 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on married male and female homeowners with a clean claim history, good credit and the following coverage limits:
- Coverage A, Dwelling: $150,000, $300,000, $350,000, $450,000, $750,000
- Coverage B, Other Structures: $15,000, $30,000, $35,000, $45,000, $75,000
- Coverage C, Personal Property: $75,000, $150,000, $175,000, $225,000, $375,000
- Coverage D, Loss of Use: $30,000, $60,000, $70,000, $90,000, $150,000
- Coverage E, Liability: $500,000
- Coverage F, Medical Payments: $1,000
The homeowners also have a $1,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply.
These are sample rates and should be used for comparative purposes only. Your quotes will differ.
Credit: Rates were calculated based on the following insurance credit tiers assigned to our homeowners: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. The following states do not allow credit to be a factor in determining home insurance rates: California, Maryland, Massachusetts.
Year built: Rates were calculated based on the following years built for homes and assigned to our homeowners: “1959, 1982, 1992, 2010, 2016 (base) and 2020.”
Bankrate Score
Our 2025 Bankrate Score considers variables our insurance editorial team determined impact policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s cost of coverage, product availability, financial strength ratings, online capabilities and customer and claims support accessibility. We grouped these factors into three essential categories — cost and ratings, coverage and savings, and support — which we then weighted in a tiered approach.
Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlighting where they fall short.
-
Cost & ratings 50%
-
Coverage & savings 30%
-
Support 20%
- Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, our team analyzed average quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech and the National Association of Insurance Commissioners (NAIC).
- Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
- Tier 3 (Support): To encompass the many ways a home insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored in a company’s corporate sustainability efforts.
