Best homeowners insurance in Philadelphia, PA for 2022

We looked at average costs, coverage availability, and customer satisfaction ratings to find the best homeowners insurance companies in Philadelphia.

Gianetta Palmer

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Gianetta Palmer

Gianetta Palmer

Freelance contributor

Gianetta Palmer is a freelance writer who lives in the Georgia mountains. Her writing on health and car insurance, has appeared on numerous sites.

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Pat Howard

Pat Howard

Managing Editor & Licensed Home Insurance Expert

Pat Howard is a managing editor and licensed home insurance expert at Policygenius, where he specializes in homeowners insurance. His work and expertise has been featured in MarketWatch, Real Simple, Fox Business, VentureBeat, This Old House, Investopedia, Fatherly, Lifehacker, Better Homes & Garden, Property Casualty 360, and elsewhere.

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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. 

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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

State Farm logo

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

  • No discounts for first-time homebuyers or going a year without a claim

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

Erie logo

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

  • Can't file claims online — must speak to an Erie agent on the phone

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 logo

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

  • Excellent customer service and claims satisfaction ratings

  • File and track claims online or through its mobile app

Cons

  • Rates are typically high compared to competitors

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

Travelers logo

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

  • Below-average customer service and claims satisfaction ratings

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 logo

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

  • Below-average customer satisfaction ratings

  • Water backup coverage is more expensive than with other insurers

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

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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:

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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!

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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.

Author

Freelance contributor

Gianetta Palmer

Freelance contributor

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Gianetta Palmer is a freelance writer who lives in the Georgia mountains. Her writing on health and car insurance, has appeared on numerous sites.

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