Best Home Insurance in Pennsylvania (2019)

Compare personalized Home insurance rates in Pennsylvania

Home Insurance in Pennsylvania

You may recognize the value of buying home insurance in Pennsylvania but are unsure of what policy or company is right for your needs. Many factors play a role in making this decision including cost, Pennsylvania homeowners requirements, and coverage. Yet, it is possible to find cheap homeowners insurance in the state if you know where to look and how to compare policies. You can do that using these tips.

Home Insurance Companies in Pennsylvania

To find the best plan for your needs, focus first on choosing the best home insurance companies in Pennsylvania based on their financial standing and local availability. Then, work through a quote with several homeowners insurance agencies in Pennsylvania to determine which offers the best coverage for your needs. After doing this, you can narrow down your options with some help from independent home insurance agents in Pennsylvania or by getting quotes from the best home insurance companies in Pennsylvania on your own using these steps.

 

How to Get the Best Rates for Home Insurance in Pennsylvania

To get home insurance rates and quotes, use your zip code on this page. It takes just a minute to pull up available providers.

 

<zipcode>Find The Cheapest Home Insurance In Your Area:</zipcode>

 

How Much Does Homeowners Insurance Cost in Pennsylvania?

To get the best price and the cheapest home insurance in Pennsylvania, you need to compare several companies and the policy options they offer to you. Yet, it also helps to know what the state average is so you can compare them. The average annual premium in Pennsylvania is $927 whereas the national average is $1,173. When you get home insurance quotes in Pennsylvania for your home, you’ll get more accurate figures.

 

<twitter>The average annual premium in Pennsylvania is $927 whereas the national average is $1,173. </twitter>

 

List of Homeowners Insurance Companies in Pennsylvania

To help you get started, you need a list of available companies in your area. Enter your zip code on this page to get a full list of options available to you.

How Homeowners Insurance Is Calculated in Pennsylvania

Insurance companies need to determine how likely it is that you will file a claim on your home. To do this, they look at a lot of details about your property while also looking at local factors. These factors play a role in that process.

 

<qa>1;Crime;One of the reasons home insurance rates are lower in Pennsylvania is because the property risks here are lower. The property crime rate here is 16.49 incidents per 1,000 residents. That’s lower than the national average of 24.</qa>

<qa>2;Weather/Climate;There’s no doubt it can be very cold here, ad summers can get hot. The area can see some risk of thunderstorms and severe wind events. There can be some areas at risk for inland or coastal flooding as well. Yet, overall, the area is rather safe from significant damage from storms, helping to keep rates lower.</qa>

<qa>3;Home Values;Home values are also competitive and around the national average, which helps to keep home insurance costs moderate. The median home value as of April of 2019 is $173,300. That’s how much insurance many need to have.</qa>

Home Insurance Requirements in Pennsylvania

Buying the right insurance matters. Knowing what you need can be a struggle, though. Here are some guidelines to get you started.

Is Homeowners Insurance Required in Pennsylvania?

Insurance companies offer many benefits from these policies. Most often, your mortgage lender will require this type of insurance as it protects their investment. However, there is no law requiring it.

What Does Home Insurance Cover?

Policies in Pennsylvania offers a range of full coverage options. Most cover the value of the building and the content within it – up to the level stated on the policy. They also provide liability insurance for protection from claims of injury or dog bites, for example, from other people. Flood insurance may not be a part of your average plan, though. You may need to buy this separately.

Homeowners Insurance for New Properties in Pennsylvania

Home insurance for new properties is essential. Many areas of the state are seeing new development. These homes are more valuable than ever. You need enough coverage to protect the cost to rebuild that home if a significant event occurs.

Homeowners Insurance for Old Properties in Pennsylvania

Be sure to update your home insurance annually. It should match your home’s value or the cost to rebuild the property. This is always important for older properties.

Renters Insurance in Pennsylvania

Renter’s insurance is not a legal requirement in Pennsylvania. However, it is nearly always a requirement from landlords here. They typically write this requirement into your lease agreement.

 

The good news is that renter’s insurance in Pennsylvania is affordable, costing less than $25 a month in many cases. It covers your personal property and liability risks.

 

<zipcode>Compare Renters Insurance in Pennsylvania</zipcode>

 

Compare Home Insurance in Pennsylvania by City

Everyone wants the cheapest home insurance in Pennsylvania, but to get it, you need to compare home insurance quotes for your individual property with several providers. Here are some factors that make a difference in the cost of insurance in the state’s largest cities.

 

<qa>1;Home Insurance Quotes in Philadelphia, Pennsylvania;A world-class city with a lot of urban charm, Philadelphia is home to 1,580,863 people. The suburban area is even larger. The city’s median home value is $160,700.</qa>

<qa>2;Home Insurance Quotes in Pittsburgh, Pennsylvania;The city of Pittsburgh is a thriving community in the heart of the state. It’s an important industrial and financial district. It’s home to 302,407 people. The median home value here is more moderate at $151,800.</qa>

<qa>3;Home Insurance Quotes in Allentown, Pennsylvania;Allentown’s 121,283 residents are in the heart of the state on the eastern portion. This residential and commercial area is growing. The median home value in Allentown is even lower at $133,200.</qa>

<qa>4;Home Insurance Quotes in Erie, Pennsylvania;Located on the shores of the lake, Erie is a thriving community that’s seen substantial growth. It’s home to 97,369 people. Erie is significantly more affordable with a median home value of $76,100.</qa>

<qa>5;Home Insurance Quotes in Reading, Pennsylvania;Though a bit smaller, Reading is a growing community as well. It’s currently home to 88,423 people. In Reading, which is rather rural, the median value of a home is just $59,800.</qa>

 

Bonus: Most Expensive Homes in Pennsylvania

There are numerous expensive homes in Pennsylvania and insuring them isn’t easy. Could you imagine the cost of insurance on these homes?

  • The home at 7111 Sheaff Lane in Fort Washington, which has 37,000 square feet of space, is valued at $25 million.
  • The home at 100 Maplehill Road in Gladwyne is valued at $24 million and is a six-bedroom mansion.
  • Another home, this one at 733 N. Spring Mill Road in Villanova, is an eight-bedroom stone estate valued at $17.5 million.

 

<resources>https://www.reviews.com/homeowners-insurance/pennsylvania/;https://www.neighborhoodscout.com/pa/crime;http://statesatrisk.org/pennsylvania;https://www.zillow.com/pa/home-values/;http://www.citypopulation.de/USA-Pennsylvania.html</resources>