Erie ,PA Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Erie, PA homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Erie, PA is $1099. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Erie, PA. VHome Insurance will help you navigate the world of homeowners insurance coverages in Erie, PA.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $440 |
| $200,000 | $747 |
| $300,000 | $923 |
| $400,000 | $1,407 |
| $500,000 | $1,769 |
Home insurance costs in Erie can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 016508 | $1,044 |
| 16504 | $1,039 |
| 16502 | $1,031 |
| 16507 | $1,023 |
| 16503 | $1,015 |
| 16506 | $1,094 |
| 16509 | $1,083 |
| 16511 | $1,068 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Erie, PA, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,127 |
| $1000 Deductible | $1,008 |
| $1500 Deductible | $951 |
| $2500 Deductible | $857 |
| $5000 Deductible | $725 |
| Home Insurance Company Near Erie, PA | Homeowners Insurance Agency Near Erie, PA | Address |
|---|---|---|
| Travelers | Bush Agencies Inc | 215 S MAIN ST, CAMBRIDGE SPRINGS, PA, 16403 |
| Travelers | C Kenneth Johnson Agency Llc | 62 CHAUTAUQUA AVE, LAKEWOOD, NY, 14750 |
| State Farm | Chris Hobbs | 4546 W Ridge Rd, Erie, PA, 16506-1436 |
| Nationwide | Kenneth Wisniewski Agency | 5003 East Lake Rd, Erie, PA, 16511-1418 |
| Travelers | Lipsey David I & Assoc Inc | 125 W MAIN ST PO BOX 250, SHERMAN, NY, 14781 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Erie County, Pennsylvania | $88 | $117 | $176 |
| Millcreek township, Erie County, Pennsylvania | $90 | $120 | $180 |
| Wesleyville borough, Pennsylvania | $87 | $115 | $173 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Erie, PA | 5.9% | 13.4% |
| Erie County | 5.12% | 13.12% |
| Millcreek | 4.54% | 13.15% |
| Wesleyville | 5.57% | 12.81% |
| Erie Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 345 | 1.0% | $356 |
| $200 to $299 | 1,314 | 7.0% | $806 |
| $300 to $499 | 3,269 | 18.0% | $1256 |
| $500 to $749 | 7,726 | 42.0% | $1931 |
| $750 to $999 | 3,566 | 19.0% | $2681 |
| $1,000 to $1,499 | 1,357 | 7.0% | $3806 |
| $1,500 or more | 402 | 2.0% | $5456 |
| Streets in Erie Area | Homeowners Insurance Cost |
|---|---|
| Thompson St, E 13th St, Clayton Ave, Hampton Ave, Wagner Ave, E 20th St, Skyline Dr, State Rte 505, Tower Ln, Superior Ave | $716 |
| Brewster St, Downing Ave, Scott St, Florida Ave, Norman Way, E 18th St, Goodrich St, Burton Ave, Pierpont Ave, Lovell Pl | $688 |
| Bolivar St, Amber Ct, Devoe Ave, Nancy Ave, Merline Ave, Ross St, Anna Ct, Columbia Cir Ave, Crescent Dr, Woodland Hills Dr | $694 |
| Cranch Ave, Southgate Dr, E 22nd St, E 34th St, Schaal Ave, Miller Ave, Glendale Ave, Hess Ave, Grimm Dr, E 18th St | $683 |
| Monoca Dr, Colorado Dr, Columbia Cir, Cottage Ave, E Metcalf St, Shenley Dr, Groveland Ave, Camphausen Ave, E 36th St, E 42nd St | $713 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Erie | $103 to $106 |
| Erie County | $106 |
| Millcreek | $108 |
| Wesleyville | $103 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,000 | $2,000 |
| Yearly Erie Homeowner Insurance Premium Example | $1,300 | $1,100 |
| Out of Pocket Expense During Claim | $1,000 | $2,000 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $11,400 | $10,800 |
| Net Savings to Erie Home Owner from High Deductible Plan | $600 | |
| Scenario | Erie, PA Home Replacement Value MORE than Home Value | Erie, PA Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $55,500 | $39,500 |
| Insurance Premium based on Replacement Value | $275 | $200 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $4,500 | Risk Exposure from Under Insuring Coverage is $11,500 |
| Premium Impact | Insurance cheaper by $50/year | Insurance costlier by $25/year |
| Insurance Company | Chubb Group of Insurance | Farmers Insurance | State Farm |
| Monthly Premium | 26 | 38 | 51 |
| Year Built | 1956 | 1963 | 1949 |
| Home Details | 2 Beds, 1 Baths | 4 Beds, 1 Baths | 3 Beds, 2 Baths |
| Coverage Amount | $50000-$75000 | $150000-$175000 | $125000-$150000 |
| Deductible | $500 Deductible | $2500-$5000 Deductible | $500 Deductible |