Best Homeowners Insurance in Philadelphia, PA

Penn National is the best home insurance provider in Philadelphia, charging an average of $1,396 a year.

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Key Takeaways

  • The cheapest homeowners insurance in Philadelphia comes from Penn National, which charges $1,396 a year, on average.
  • Philadelphia homeowners pay $1,846 a year for home insurance, on average — around $750 more than the typical rates across Pennsylvania.
  • Allstate is another cheap home insurance option, offering premiums of $1,422 a year.

In this article

Average home insurance rates in Philadelphia

The average home insurance rate in Philadelphia is $1,846 a year, or $154 a month.

That’s quite a bit more than the average cost statewide. Overall, Pennsylvanians pay a mean rate of $1,128 a year, or $94 a month.

Home insurance rates can differ from city to city, as a variety of factors can play a role in your yearly premium, including:

  • The age, location and construction style of your home
  • The cost it would take to rebuild your home
  • Your personal insurance history

Of course, your policy costs can also change based on the deductible amount you select. Generally, a lower home insurance deductible means a higher annual premium.

Deductible Annual premium
$500 $1,997
$1,000 $1,846
$1,500 $1,736
$2,000 $1,597
Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Your dwelling coverage — the insurance that protects the actual, physical structure of your home — also plays a role in determining your rates. This chart shows how rates in Philadelphia can change based on how much dwelling coverage you need:

Dwelling coverage amount Annual premium
$200,000 $1,483
$275,000 $1,846
$350,000 $2,231
$425,000 $2,661
$500,000 $3,124
Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Cheapest home insurance companies in Philadelphia

Penn National is the cheapest home insurance company in Philadelphia, charging an average annual premium of $1,396.

Conversely, Farmers is the most expensive provider, with an average cost of $3,158. That’s over $1,300 more than the citywide mean.

Insurance company Annual premium
Penn National $1,396
Allstate $1,422
Erie $1,521
State Farm $1,559
Average $1,846
Nationwide $2,207
Travelers $2,268
Farmers $3,158
USAA* $1,239
Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. *Only available to current/former military and their families.

Penn National may be the cheapest home insurance company for you, or it may be another insurer. The best way to find out which has the cheapest rates for the coverage you need: compare home insurance quotes from several companies.

Philadelphia's best home insurance companies

Based on our research, Penn National and Allstate are the best home insurance companies in Philadelphia. Here’s why:

Best rates: Penn National

On average, Penn National has the most affordable rates for Philadelphia homeowners. The provider charges $1,396 a year — 24% less than the citywide average.

Penn National also features some of the highest customer satisfaction rates, placing third-best among Philadelphia providers in the latest NAIC Complaint Index ratings. And, like many leading insurance companies, Penn National offers a bundling discount to policyholders who get both their home and auto insurance from it.

Best discounts: Allstate

Allstate is the second-cheapest home insurance option on our list, while also offering a plethora of convenient and money-saving discounts to homeowners. Examples include:

  • Multi-policy discount: Up to 25% off for customers who also use Allstate for auto insurance.
  • Responsible payment discount: Savings for homeowners who pay their bills safely and on time.
  • Claim-free discount: Up to 20% off for customers without a recent insurance claim.

See how much you can save on home insurance

Customer service ratings for Philadelphia home insurance companies

In Philadelphia, State Farm is the top-ranked provider in J.D. Power’s 2022 satisfaction score rankings.

J.D. Power’s customer satisfaction scores are based on customer surveys that rate home insurers on interaction, policy offerings, price, billing process, policy information and claims. Higher scores are better than lower ones.

State Farm has a satisfaction score of 829 while Farmers, the lowest-rated in the city, has a score of 792.

Insurance company Overall satisfaction score
Farmers 792
Travelers 794
Allstate 815
Nationwide 816
Erie 827
State Farm 829
USAA* 884
Penn National Not included
Source: J.D. Power 2022 U.S. Home Insurance Study. *Brand is not rank eligible because it does not meet study award criteria.

Meanwhile, Nationwide leads the way in satisfaction when measured by the NAIC’s Complaint Index rating.

The NAIC Complaint Index compares insurance companies by confirmed complaints. A company with a 2.0 Complaint Index rating has twice as many confirmed complaints as expected for its size. A 0.5 rating reflects half as many as expected.

Nationwide tops the list with a rating of 0.14, while Travelers comes in second with a rating of 0.17.

Insurance company Complaint Index rating
Nationwide 0.14
Travelers 0.17
Penn National 0.19
Erie 0.26
USAA 0.31
Allstate 0.33
State Farm 0.35
Farmers 0.61
Source: National Association of Insurance Commissioners (2022 data)

Frequently asked questions

The average Philadelphian pays $1,846 a year for home insurance. That breaks down to $154 a month.

Penn National is the cheapest home insurance provider in Philadelphia, charging $1,396 a year. Allstate and Erie follow with the next-best rates.

Homeowners insurance is not a requirement in Philadelphia, although most banks and lenders require it. If you have a mortgage, it’s likely you’ll need a policy.


We collected quotes from every ZIP code in Philadelphia, Pennsylvania, for a standard HO-3 homeowners insurance policy using the following coverages:

  • $275,000 dwelling (unless otherwise noted)
  • $27,500 other structures
  • $137,500 personal property
  • $55,000 loss of use
  • $100,000 liability
  • $5,000 medical payments
  • $1,000 deductible (unless otherwise noted)

Home insurance by city

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