With seasonal temps and pleasant four-season weather throughout the year, homeowners in Philadelphia should have enough home insurance to protect them against severe weather, including winter storms and occasional hurricanes.
The average cost of homeowners insurance in Philadelphia is $1,992 per year or $166 a month. This is around 35% higher than the statewide average of $1,303 per year, and about 5% higher than the national average of $1,899.
However, the cost isn’t the only factor to consider when choosing a home insurance company. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Philadelphia.
Best homeowners insurance companies in Philadelphia
Of the companies we looked at, Allstate has the lowest home insurance rates in Philadelphia, with an average annual policy cost of $995 per year — about $1,000 less than the state average. Erie has the next lowest average rates at $1,397 per year.
Policygenius analyzed thousands of quotes from the 5 largest Philadelphia insurers to find the average cost of homeowners insurance with each company in 2022. We then looked at 2021 J.D. Power customer satisfaction scores and compared that with the coverage needs of Philadelphia residents to find the best homeowners insurance in Philadelphia.
Company | Average yearly cost | J.D. Power Rating |
|---|
State Farm | $1,466 | 835 |
Erie | $1,397 | -- |
Allstate | $995 | 829 |
Travelers | $6,733 | 800 |
Nationwide | $2,600 | 812 |
State Farm
There's a reason State Farm is one of the top-rated insurance companies in the U.S. — its customer satisfaction ratings are through the roof, it offers a slew of coverage add-ons for full protection, and makes filing claims through its mobile app a breeze.
Pros
Top-tier coverage add-ons, including equipment breakdown, water backup, and service line coverage
Get up to $1 million in personal liability coverage
Score discounts for bundling, installing security devices, and choosing a high deductible
File and track claims online, over the phone, in person, or through its mobile app
High customer satisfaction and financial strength ratings
Cons
Why State Farm tops our best list
State Farm is well known for its excellent customer satisfaction ratings from J.D. Power. Customers can get up to $1 million in personal liability coverage and earn discounts for bundling policies and installing home security systems.
How to get a quote
Online through State Farm
Erie
With some of the best customer service ratings in the industry, Erie offers comprehensive coverage even with its most basic policy — including guaranteed replacement cost coverage and protection for lost items.
Pros
Score up to a 25% discount when you bundle your home and auto insurance
Guaranteed replacement cost coverage is included in the base policy
Theft coverage includes lost or misplaced items — a rare perk we don't see often
Multiple policy add-ons available, including water backup and service line coverage
Among the best customer service ratings in the industry
Cons
Why Erie tops our best list
Erie has some of the best customer satisfaction ratings in the industry, and offers rates $600 below the state average. Erie offers several unique perks, including protection for lost items and comprehensive coverage in a basic policy that usually costs extra with other insurance companies.
How to get a quote
Online through Erie
Allstate
Allstate's mix of exceptional customer satisfaction ratings, personalized coverage options, and numerous discount opportunities make it one of the most popular homeowners insurance companies on the market.
Pros
Several coverage add-ons, including ones for roof surfaces, water backup, green improvements, and mold protection
8+ discounts, including autopay, bundling, zero claims, and new homebuyer
Get up to 25% off your premiums when you bundle home and auto insurance
Cons
Why Allstate tops our best list
Allstate has excellent customer and claims satisfaction ratings from J.D. Power thanks to its personalized coverage options and numerous ways to save on homeowners insurance. Allstate customers can get up to 25% off their home and auto insurance when they combine the two in a single policy package.
How to get a quote
Online through Policygenius and Allstate
Travelers
With over 165 years of experience and impeccable financial ratings, Travelers is one of the most trusted home insurance companies in the business. It offers personalized coverage and a slew of policy add-ons to ensure you have exactly the right protection.
Pros
4 customizable policy packages with several available add-ons, like extended replacement cost and water backup coverage
Offers eco-friendly green home coverage and discounts
Protect expensive family heirlooms and appliances with equipment breakdown, guaranteed replacement cost, and personal articles coverage
File claims online — plus, Travelers has special catastrophe centers for claims after a natural disaster
Cons
Why Travelers tops our best list
Travelers has a rich history of satisfied customers that date back to the 1800s, making it one of the most recognizable names in the industry. Customers can select from four customizable policy packages, with policy add-ons to protect your home and precious heirlooms. Travelers customers can file claims online or by calling their local agent.
How to get a quote
Online through Policygenius and Travelers
Nationwide
Nationwide offers flexible home insurance policy options for every home type and income level. And we love its slew of discounts for everything from having a newish roof to living in a gated community.
Pros
Offers lots of coverage add-ons, including flood and earthquake insurance
Option to rebuild roof with stronger, safer materials after a covered loss
Score discounts for living in a gated community, making home renovations, having a newer roof, and more
Seamlessly submit claims online or through its mobile app
Above-average claims satisfaction rating
Cons
Why Nationwide tops our best list
Nationwide offers affordable and extensive coverage options for budgets at every level. Customers can score lower rates by living in a gated community, making home renovations, and having a newer roof.
How to get a quote
Online through Policygenius or Nationwide
Cheapest homeowners insurance companies by ZIP code in Philadelphia
Looking at average home insurance costs for 15 of the most popular companies in Philadelphia, we found that the cheapest home insurance in the city can be found in the 19118 ZIP code (Chestnut Hill) with Allstate. The average Allstate rate in this area is $786 per year — less than half than the city average of $1,992 per year.
Homeowners in most areas of Philadelphia are likely to have the cheapest rates with Allstate and USAA, with rates up to $1,110 per year.
ZIP code | Company | Average yearly cost |
|---|
19102 | Allstate | $1,029 |
19103 | Allstate | $960 |
19104 | Allstate | $918 |
19106 | Allstate | $814 |
19107 | Allstate | $814 |
19109 | Allstate | $897 |
19110 | Allstate | $897 |
19111 | Allstate | $939 |
19112 | USAA | $1,036 |
19113 | Allstate | $920 |
19114 | Allstate | $1,044 |
19115 | Allstate | $946 |
19116 | Allstate | $977 |
19118 | Allstate | $786 |
19119 | Allstate | $1,040 |
19120 | Allstate | $976 |
19121 | Allstate | $960 |
19122 | Allstate | $897 |
19123 | Allstate | $814 |
19124 | Allstate | $979 |
19125 | Allstate | $897 |
19126 | Allstate | $979 |
19127 | Allstate | $1,036 |
19128 | Allstate | $1,045 |
19129 | Allstate | $1,007 |
19130 | Allstate | $1,062 |
19131 | Allstate | $1,095 |
19132 | Allstate | $1,000 |
19133 | Allstate | $814 |
19134 | Allstate | $897 |
19135 | Allstate | $935 |
19136 | Allstate | $1,045 |
19137 | Allstate | $933 |
19138 | USAA | $1,098 |
19139 | USAA | $1,110 |
19140 | Allstate | $1,020 |
19141 | Allstate | $1,113 |
19142 | USAA | $1,110 |
19143 | Allstate | $1,066 |
19144 | Allstate | $1,082 |
19145 | USAA | $1,109 |
19146 | USAA | $1,109 |
19147 | Allstate | $984 |
19148 | USAA | $1,109 |
19149 | Allstate | $935 |
19150 | Allstate | $1,059 |
19151 | USAA | $1,083 |
19152 | Allstate | $958 |
19153 | Allstate | $920 |
19154 | Allstate | $1,033 |
19190 | Allstate | $1,033 |
The most affordable areas for homeowners insurance in Philadelphia
With an average home insurance rate of $1,652 per year, the 19113 ZIP code (Tinicum Township), is the most affordable area for home insurance in Philadelphia. Median home values of $313 per square foot make this Philly neighborhood one of the most affordable places to live in the city.
ZIP code | Average yearly cost |
|---|
19113 | $1,652 |
19118 | $1,832 |
19115 | $1,848 |
19116 | $1,872 |
19130 | $1,883 |
The most expensive areas for homeowners insurance in Philadelphia
With an average home insurance rate of $2,167, the 19141 ZIP code (Ogontz) is the most expensive area for home insurance in Philadelphia.
ZIP code | Average yearly cost |
|---|
19141 | $2,167 |
19190 | $2,142 |
19138 | $2,141 |
19142 | $2,140 |
19140 | $2,117 |
Shopping for homeowners insurance in Philadelphia
Shopping for home insurance in Philadelphia may seem like a difficult task, but with help from the experts at Policygenius, the process can be extremely easy. We’ll help you to find the best coverage at a price that works best for your home insurance needs.
In this section, we break down the average annual home insurance rates in Philadelphia for different coverage and deductible levels, as well as the cheapest and most expensive home insurance companies for dog and pool owners.
Philadelphia home insurance costs by coverage amounts
Dwelling coverage is that part of your home insurance policy that pays to repair or rebuild your home after a covered loss.
Philadelphia homes with a dwelling coverage limit of $400,000 pay an average of $3,977 each year for home insurance — over $800 higher than the city average.
Dwelling coverage amount | Average yearly cost |
|---|
$100,000 | $948 |
$200,000 | $1,467 |
$300,000 | $1,992 |
$400,000 | $2,546 |
$500,000 | $3,209 |
Personal liability coverage is the portion of your home insurance policy that pays for medical or legal bills if you’re legally responsible for someone’s injury or property damage.
As the table below reflects, additional liability coverage doesn’t necessarily mean higher average home insurance rates in Philadelphia. While adding more liability coverage to your individual policy will likely make your rates go up, the increase is often minimal.
Liability coverage amount | Average yearly cost |
|---|
$100,000 | $2,050 |
$200,000 | $1,720 |
$300,000 | $1,992 |
$400,000 | $1,834 |
$500,000 | $2,060 |
Philadelphia home insurance costs by deductible amount
Your deductible is the amount you’re responsible for paying before insurance will begin to pay on a covered loss. A higher deductible means lower monthly payments. As seen in the table below, Philadelphia residents can save around $300 on home insurance by choosing a $2,000 deductible over the $500 option.
Deductible amount | Average yearly cost |
|---|
$500 | $2,182 |
$1,000 | $1,992 |
$2,000 | $1,884 |
Home insurance discounts in Philadelphia
Many insurance providers offer discounts to homeowners if their homes have certain features like deadbolt locks and home security systems. Although there isn’t a large discount in Philadelphia for these items, having these added to your home can help protect you and your family.
Discount | Average yearly cost |
|---|
Dead bolt | $1,990 |
Smoke alarm | $1,988 |
Burglar alarm | $1,934 |
Home insurance companies in Philadelphia for dog owners
Most cities and towns require dogs to be on a leash wherever out in public, which protects you and others in the event of a dog bite. If you have a dog considered to be an “aggressive breed,” you might be paying more for your home insurance. Some insurers charge higher rates for certain breeds and could even deny you coverage altogether if you own one.
With an average rate of $995 per year, Allstate has the cheapest home insurance rates in Philadelphia for a home with a dangerous dog breed, while Travelers’ average yearly premium of $6,733 is the highest.
Company | Average yearly cost |
|---|
Allstate | $995 |
Erie | $1,397 |
State Farm | $1,466 |
Nationwide | $2,600 |
Travelers | $6,733 |
Home insurance companies in Philadelphia for poor credit
A bad credit score is bad news when it comes to insurance. Insurance companies consider a poor credit score to be an indicator of risky behavior and an increased risk of filing an insurance claim, so many charge higher rates as a result.
With an average rate of $2,600 per year, Nationwide has the cheapest home insurance rates in Philadelphia for a homeowner with poor credit, while Travelers’ average yearly premium of $16,760 is the highest.
Company | Average yearly cost |
|---|
Nationwide | $2,600 |
State Farm | $2,682 |
Erie | $3,329 |
Allstate | $4,035 |
Travelers | $16,760 |
Home insurance companies in Philadelphia for pool owners
Swimming pools require a lot of upkeep and maintenance to keep them looking their best, but it’s definitely worth it during a scorching hot summer day. However, if you do have a pool, you might see higher home insurance rates, as some insurance companies consider swimming pools to be a liability risk.
With an average rate of $995 per year, Allstate has the cheapest home insurance rates for Philadelphia homes that have a swimming pool, while Travelers has the most expensive rates at $7,106 per year.
Company | Average yearly cost |
|---|
Allstate | $995 |
State Farm | $1,466 |
Erie | $1,601 |
Nationwide | $2,600 |
Travelers | $7,406 |
How to buy homeowners insurance in Philadelphia
With so many options to choose from when it comes to buying home insurance, you want to know you’re selecting the best coverage for your needs. Here are some easy steps to take as you shop for home insurance in Philadelphia:
Reach out to a licensed Policygenius agent. Our team of licensed insurance experts can help you get affordable quotes from top companies, at no cost or obligation to you. We can help you determine how much coverage you need to ensure your house is fully protected when disaster strikes.
Ask if you should purchase flood or hurricane coverage. Although rare, Philadelphia’s proximity to the East Coast makes it a target for bad weather, including hurricanes and nor’easters. Consider asking a Policygenius agent about separate flood insurance or additional dwelling coverage.
Figure out how low of a deductible you can afford.A higher deductible means you’ll pay less for homeowners insurance, but you’ll also pay more out of pocket on each claim. A Policygenius agent can help you pick out a deductible that works within your budget.
Compare quotes from a Policygenius agent. Once you’ve identified your coverage needs, limits, and deductibles, a Policygenius agent will send over quotes from top companies so you can review your options.
Sign the policy, and pay your first premium.Policygenius will do all of the paperwork for you. All you need to do is sign the paperwork and pay your first premium. We’ll even cancel your old policy if it hasn't expired yet. It’s that easy!
Frequently asked questions
What is the average home insurance cost in Philadelphia?
The average home insurance rate in Philadelphia is $162 a month. That’s about $55 more per month than the statewide average.
How can I lower the cost of my home insurance in Philadelphia?
The quickest way to lower the cost of your home insurance is by comparing quotes. Once you’ve reviewed your options, ask about any discounts available to you, and pick the policy that works best for you.
Why do some insurance companies charge higher rates to customers with a low credit score?
Insurance companies consider homeowners with a bad credit score to be more likely to file claims for small dollar amount property losses compared to those with a good score. For that reason, insurers often increase rates on customers with poor credit to account for the heightened risk.
Methodology
Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:
Dwelling: $300,000
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
Liability: $300,000
Medical: $1,000
All rates based on the above coverage limits except where otherwise noted.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
