In exchange for a monthly premium, you can get insurance protection for your home and the belongings inside. In this guide, we explain the ins and outs of home insurance and discuss the three best homeowners insurance companies in the Keystone State.
Pennsylvania’s Top 3 Home Insurance Companies
The highest-rated home insurance companies in Pennsylvania include:
To determine which home insurance companies to recommend to Pennsylvania homeowners, we looked at national companies and their coverage options, customer service, discounts, endorsements, prices, and more. Here are the home insurance companies that came out on top.
If you’re looking for a home insurance company with supportive customer service, Amica may be a good option. It offers comprehensive customer service support, giving policyholders access to a claims representative 24/7 along with an app, online portal, and chat function.
Amica Pros and Cons
|Policies are more affordable than the national average||Doesn’t help you estimate your home’s rebuilding cost|
|Offers up to $1 million in personal liability protection||Doesn’t have 24/7 customer service for sales, billing, or policy questions|
|Provides five discounts to lower your premium|
Lemonade’s defining feature is its Giveback program. Each time you pay a premium, Lemonade takes out a set amount of money to use for company expenses and leaves the rest for any claims you might file. If you haven’t used all of the claims money by the end of the year, the remaining amount will be donated to a charity of your choice.
Lemonade Pros and Cons
|Provided our team with the cheapest quote compared to other providers in this review||Only offers one discount for having safety features in your home|
|Offers customizable endorsements for valuable items, like jewelry and art||Only available in 23 states|
|Has customizable personal property coverage|
To determine if Lemonade is the best home insurance provider for you, visit the company’s website.
Allstate offers more discounts than Amica and Lemonade combined. The company has standard discounts, like bundling insurance policies, being claims-free, and having safe home features, but it also has unique discounts, including the following:
- Easy pay plan
- Early signing
- Welcome and loyalty
- Home buyer
- 55 and retired
Allstate Pros and Cons
|Offers 24/7 customer service for all insurance questions||Is relatively expensive compared to other providers|
|Offers more endorsements than Amica and Lemonade||Doesn’t have an online chat function|
|Provides other insurance products and services, like auto, life, business, and renters insurance|
Pennsylvania Homeowners Insurance Coverage
Homeowners insurance companies in Pennsylvania split up policies into six categories:
- Dwelling—This part of the policy pays to rebuild your home if an event destroys it. To determine how much it would cost to rebuild your home, talk to a local appraiser, use the estimation provided by your insurance company, or purchase $100–$155 of protection per square foot.
- Other structures—While dwelling coverage protects everything built into the home, other structures coverage protects everything detached from the home. This includes items like fences, sheds, and garages. Most companies give you 10% of dwelling coverage for other structures coverage.
- Personal property—This type of coverage will pay to replace your personal belongings if they’re damaged. You can either purchase an actual cash value (ACV) policy or a replacement cash value (RCV) policy. RCV policies cost a little more, but they replace your items with new ones instead of with ones of depreciated value, like in an ACV policy. You usually get at least 50% of dwelling coverage for this type of protection.
- Loss of use—If your home is uninhabitable during repairs, you can live elsewhere and be reimbursed for living expenses during that period. These expenses may include the cost of a hotel room or the cost of eating out. Loss of use coverage is typically 20% of dwelling coverage.
- Liability—Liability coverage pays for medical bills, legal fees, and replacement costs if you’re responsible for injuring someone or damaging their belongings. You should buy enough coverage to protect all of your assets, which is at least $300,000 for most homeowners.
- Medical payments to others—Your policy pays for medical bills of guests who are injured in your home. Most policies start with $1,000 of protection per person.
How Much Does Home Insurance Cost in Pennsylvania?
The average cost of a Pennsylvania home insurance policy in 2017 was about $77.50 per month, according to the Insurance Information Institute. Compared to the national average of about $101 per month, home insurance rates in Pennsylvania are relatively affordable.
Factors to Consider Before Buying Homeowners Insurance
Consider how these factors will affect your level of insurance coverage and monthly premium:
- Roof—Before providing you with a quote, a home insurance company may ask you questions about the condition of your roof. If your roof is older, they may require a home inspection to determine how likely it is that the roof will lead to a claim, increase your insurance rates, or deny you coverage until you replace your roof.
- Endorsements—If a base policy doesn’t offer enough protection, you may want to consider purchasing endorsements. For example, if your valuables are worth more than the personal property coverage cap, or you have a business at home, you can look for a company that will offer protection in these areas.
- Crime—When requesting a quote, a home insurance company will pull crime statistics for your area. If your area has a high level of crime, you may have to pay more for an insurance premium.
Deductible—If you want a lower insurance rate, you can choose a higher deductible so that you pay less each month.
Compare Homeowners Insurance Coverage Options
|Get a free quote||Not available through This Old House||Lemonade.com||Not available through This Old House|
|Other structures coverage limits||10% of dwelling||N/A||10% of dwelling|
|Personal property coverage limits||75% of dwelling||40%–79% of dwelling||60% or 75% of dwelling|
|Liability coverage limits||$25,000, $50,000, $100,000, $200,000, $300,000, $400,000, $500,000, $750,000, or $1 million||$100,000, $200,000, $300,000, $400,000, or $500,000||$100,000, $200,000, $300,000, or $500,000|
|Unique add-ons||Home business, catastrophic coverage||Significant other, swimming pool liability||Musical instruments, yard and garden|
|Customer service||24/7 for claims; limited for sales and service||Online||24/7|
*Based on sample quotes our team received
If you’re looking for home insurance in Pennsylvania, Amica, Lemonade, and Allstate offer comprehensive coverage that can be customized for your home protection needs. For the best value, we recommend getting a free quote from Lemonade by visiting the company’s website.
FAQs About Homeowners Insurance in Pennsylvania
What happens if you don’t have homeowners insurance?
If you don’t have homeowners insurance, you’ll have to pay for a covered loss yourself. For example, if a natural disaster destroys your property, you’ll have to pay out of pocket to rebuild your home, rebuild the detached structures on your property, and replace your personal belongings.
Do you have to pay for homeowners insurance upfront?
No. While paying for your policy upfront is an option, most homeowners split their policy into monthly payments. Some home insurance companies also give you the option to pay two or four times a year.
Do I have to purchase homeowners insurance?
No. Home insurance is not required by law. The only time you need to have homeowners insurance is if your lending institution requires it to get a home loan. However, without a home insurance policy, you run the risk of having an unexpected event damage your home and paying for the damage yourself.
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