On average, your neighbors pay $76 a month.See Your Rates
Pennsylvania is the nation’s largest producer of mushrooms. It's the second-largest producer of apples. And is historically known for its steel production. The Keystone State has produced too many athletes and actors to count. And also a number of important politicians, including the 15th President, James Buchanan. Pennsylvania was the second state ever, founded to be a place of religious freedom. That said, The Quaker State’s variable climate leads to a number of homeowners insurance risks as well.
How much is home insurance in Pennsylvania? Pennsylvania has homeowners insurance premiums that are lower than the national average. The average cost of homeowners insurance in the state of Pennsylvania is $913. That's well below the national average of $1,173. Only 13 states have lower average homeowners insurance rates than Pennsylvania.
|Pennsylvania Annual Average||$863||$893||$913|
|Pennsylvania Price Per Month||$72||$74||$76|
|US Annual Average||$1,096||$1,132||$1,173|
|US Cost Per Month||$91||$94||$98|
|Source: Facts + Statistics: Homeowners insurance|
The graph below shows the change in average Pennsylvania home insurance rates from 2011 to 2015, the most recent year the data is available. According to the III, Pennsylvania homeowners insurance rates increased from $744 in 2011 to $913 in 2015, a jump of $169 dollars, or 22.72 percent.
Choosing a homeowners insurance company in Pennsylvania should be easier. Actually, it’s already easy. The key to finding the best rates is to compare home insurance quotes in Pennsylvania from multiple companies.
Last year, these were the 10 most common home insurance companies reported by QuoteWizard users living in the state of Pennsylvania. Out of the 27,401 Pennsylvania homeowners that used QuoteWizard to request insurance quotes last year, 1,358 had no home insurance.
The above list shows Pennsylvania’s most popular home insurers according to our users. But popular doesn’t always mean best.
Our study on the Best Homeowners Insurance Companies focuses on top of the line companies. In no particular order, these companies stand out among the rest:
|Rank||Company||Financial Rating||Market Share|
There are several different factors that determine the price of your homeowners insurance. Some, like roof maintenance, are within your control. Others, like crime rates, are beyond your control. Here are some of the factors that affect the cost of homeowners insurance in Pennsylvania.
Homeowners insurance rates vary from home to home. These are the main factors that affect your house's insurance rates:
Your rates will rise with the amount of claims you file. Claims stay on your record for five to seven years. If you file additional claims during that time, your prices could skyrocket. Insurers may even refuse to cover homeowners with multiple claims under their belt. That’s why homeowners should avoid filing unnecessary claims whenever possible.
Home insurance policy prices vary based on your home’s style. 21.6 percent of PA homes have six rooms. Policies also depend on what you want covered and come with different coverage options. For example, if you want extra coverage for your valuables, you’ll have to pay more. Coverage also depends on your home’s size.
Your credit score influences your homeowners insurance rates. It’s a controversial practice, but widely used by insurance companies. People with bad credit pay more in premiums. PA has the 20th best average credit score in the country.
PA is the 28th most natural disaster-prone state in the country. The higher the risk of natural disasters in your area, the higher your insurance rates will be. Although PA is a small state, weather varies depending on where in the state you live. For example, towns closer to the coast are at higher risk of being hit by hurricanes, so make sure to keep your trees trimmed in case of high winds.
No matter where in the state you live, PA residents should be ready for these natural disasters:
According to Ready PA, there are steps you can take to prepare your home for a natural disaster.
Burglary is a risk for both you and your home. That’s why areas with high property crime rates pay more for homeowners insurance. PA has the eighth lowest property crime rate in the nation. In 2017, the average property crime rate in your state was 1,649.4 per 100,000 residents.
PA crime rates vary depending on where in the state you live. For example, Philadelphia has an average of 31.48 property crimes annually per 1,000 residents. Whereas Bethlehem has an average of target="_blank"20.31 property crimes annually per 1,000 residents.
Like natural disasters, there are steps you can take to limit the risk of a burglary in your home. These steps include: security cameras, alarms, deadbolt locks, and more.
Homeowners have several insurance options when shopping for coverage. In PA, you can choose from these policy types:
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