Average Cost of Homeowners Insurance in Pennsylvania (2024)

The average cost of homeowners insurance in Pennsylvania in 2024 is $1,575. This figure falls $848 below the national average of $2,423. Aside from coverage amount, credit rating has the largest impact on premiums, with Pennsylvania homeowners potentially seeing a $4,344 difference between the lowest and highest premium amounts based on credit scores.

If your rates have recently increased, our analysis of the cheapest policies in the state might guide you to more affordable options. Remember, the insurance provider you choose also affects your premium costs.

In Pennsylvania, the average homeowners insurance premium for a standard policy is $1,575, which is less than the national average of $2,423.

When selecting your policy, it's vital to have enough home insurance coverage to rebuild your home and replace personal belongings in the event of a total loss. For example, a smaller home with $100K dwelling coverage has an annual premium of $912. In contrast, a larger property needing $500K in dwelling coverage will see an annual premium of $2,593. These figures illustrate the direct correlation between your property's characteristics and the insurance premiums.

Homeowners insurance premiums in Pennsylvania reflect a range of prices depending on the insurer. For instance, while Allstate may offer a policy at $817 annually, Travelers' similar coverage could cost $4,422, highlighting the variance in pricing strategies and risk assessments.

For those seeking coverage, there are plenty of great providers in Pennsylvania. Differences in underwriting can lead to substantial variations in premiums, so it's wise to compare options.

Homeowners in Pennsylvania with poor credit scores pay an average annual premium of $5,271 for homeowners insurance, a sharp increase of $3,696 compared to those with excellent credit, who pay just $927. This disparity in rates underscores the financial benefit of maintaining a higher credit score.

While you may not be able to improve your credit score immediately, over time, diligent financial habits can lead to lower insurance rates. In the short-term, comparing insurers is a smart move to find savings. Pennsylvanians can explore their options and see which providers offer the most competitive rates.

The material of your roof can influence your homeowners insurance premium in Pennsylvania. Roof material plays a role in determining costs. For instance, homes with tile roofs, known for their durability, often see lower insurance rates. Roofs made with shake-treated materials may incur higher premiums as they are more susceptible to damage from severe weather events.

The type of construction material used in your home can affect insurance prices. Superior construction materials that offer greater resistance to perils, such as fire, might attract better insurance rates. Conversely, standard frame construction is commonly associated with higher premiums because of its relative vulnerability.

Use the drop-downs on the table below to explore how premiums change based on your home's materials.

Insuring new construction in Pennsylvania averages $884 annually, which is $691 less than the $1,575 average for older homes. The modern materials and adherence to current building codes contribute to lower premiums for newer homes. The table below illustrates the premium differences for varying coverage levels.

Homeowners in Pennsylvania with no claims in the past five years can expect an annual premium of $1,575 for standard coverage. However, if you've had one claim within the last five years, the average premium jumps to $1,902 and two claims could raise your annual cost to approximately $2,115. These figures reflect the financial impact a claims history can have on insurance rates, with premiums increasing $327 and $540 above the average, respectively, for one or two claims.

For the cities we analyzed, we found premiums ranged from $1,321 to $2,503. In Lancaster, homeowners pay about $1,321 annually, while Philadelphia residents face a steeper rate of $2,503. Location impacts premiums due to factors like crime rates and weather risks. Compared to other factors, location can significantly influence insurance costs.

Shopping for home insurance in Pennsylvania doesn't have to be a chore. In fact, with a little know-how, you can find a policy that fits your budget and gives you peace of mind. The key is to explore your options and understand the factors that affect pricing. Here's how to find the best deal for you.

Homeowners in Pennsylvania can unlock savings by bundling their home and auto insurance policies. Opting for a multipolicy bundle can lead to an average of 9% in savings, with the potential to save as much as $585.5 on the combined cost of auto and home insurance premiums. For a detailed look at how bundling can impact your insurance costs, explore MoneyGeek's Best and Cheapest Home and Auto Bundle Companies in Pennsylvania analysis.

Pennsylvania homeowners can tap into a variety of insurance discounts.

• Claims-free discount: For those who haven't filed a claim in several years.
• Home safety features discount: Installation of smoke detectors, burglar alarms, etc.
• Loyalty discount: Extended patronage with the same insurance company.

For a comprehensive understanding of how to save with these and other discounts, explore our guide on how to save with discounts. Remember, to maximize your savings, inquire about all available discounts when requesting a quote.

Use the curated links below to learn more about homeowners insurance in Pennsylvania.

• Pennsylvania Insurance Department: Official state resource for insurance regulations.
• Affordable Home Insurance in Pennsylvania: Find cost-effective options for your home.
• Pennsylvania Homeowners Insurance Calculator: Estimate your potential insurance costs.
• High-Risk Home Insurance Coverage: Understand insurance for homes in high-risk areas.
• Top Home Insurance Options in Pennsylvania: Compare the best insurance providers.
• Personal Property Coverage Essentials: Guide to personal property insurance needs.
• Report Insurance Fraud: Online system for reporting insurance fraud.