Philadelphia, PA Home Insurance - Analysis On Quotes, Rates & Agents

Philadelphia, PA Insurance Rates:

The average cost of home insurance in Philadelphia, PA is $708. vHome analyzed multiple home insurance quotes in Philadelphia, PA to narrow down the list of the cheapest insurance companies in Philadelphia, PA. vHome stresses the importance of comparing quotes from multiple companies to narrow down the best one that suits the consumer’s needs. Enter your Zip Code in the below banner to get instant home insurance quotes.

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Average Home Insurance Premium in Philadelphia, PA

National Average Premium State Average Premium Philadelphia Average Premium
$1,438 $745 $708

Top Home Insurance Companies in Philadelphia, PA | Back to Top

vHome Insurance has compiled a list of home insurance companies providing the best home insurance rates. The companies are as follows.

Company Name Coverage $70,000 Coverage $150,000 Coverage $200,000 Coverage $350,000
Travelers $795 $954 $1,241 $1,712
State Farm $1,004 $1,205 $1,567 $2,162
Farmers $687 $824 $1,071 $1,478
Erie Insurance $898 $1,077 $1,400 $1,933

Philadelphia, PA Homeowners Insurance for Different Coverages | Back to Top

Coverage Type Home Insurance Cost($)
$100,000 To $124,999 547.71
$150,000 To $174,999 719.85
$175,000 To $199,999 811.29
$200,000 To $249,999 921.91
$250,000 To $299,999 1,465.49
$300,000 To $399,999 1,881.19
$400,000 To $499,999 2,330.85
$500,000 To $749,999 2,983.49
$750,000 To $999,999 3,449.66
$1000,000 To $1499,999 3,799.29
$1500,000 To $2000,000 4,078.99

Visual Guide for Philadelphia, PA Home Insurance Buyers on Insurance Companies and Rates

Top Home Insurance Agents Near Philadelphia, PA | Back to Top

Home Insurance Company Near Philadelphia, PA Homeowners Insurance Agency Near Philadelphia, PA Address
Travelers First Choice Insurance Group 701 CROSS RD, LEDERACH, PA, 19450
State Farm Jim Mckenna 3425 Garrett Rd, Drexel Hill, PA, 19026-2320
Nationwide Raymond L Maniscalco Clu 5700 Kirkwood Hwy STE 103, Wilmington, DE, 19808
State Farm Vincent Gerbasio 1649 Hausman Rd, Allentown, PA, 18104-9257

List of Philadelphia, PA Home Insurance Agents by Companies

Philadelphia, PA Homeowners Insurance Rates Based on Claims Filed | Back to Top

Homeowners in Philadelphia, PA with no claims filed get a discount of $99.12, whereas homeowners with one claim have to file an additional home insurance rate of $57 while homeowners with 2 claims have to pay an additional $92 for their home insurance premium.

Type of Claim Homeowners Insurance Cost Increase/Decrease($) Homeowners Insurance Cost($)
No Claim Discount -99 609
One Claim +57 765
Two Claim +92 800

Philadelphia, PA Homeowners Insurance by Zip Code | Back to Top

Zip Code Median Home Value($) Home Insurance Cost($)
19104 99,800 673
19120 97,500 687
19124 92,400 669
19141 91,100 658
19142 84,600 716
19121 83,200 716
19143 82,800 666
19139 77,700 658
19134 74,300 680
19140 59,900 717
19133 52,500 718
19132 47,700 666
19106 459,400 687
19118 441,600 687
19103 427,600 666
19130 343,700 666
19107 322,300 673
19147 301,700 687
19102 293,000 716
19123 290,700 680
19116 242,300 673
19115 235,800 717
19128 235,800 666
19119 231,100 673
19113 227,500 716
19127 215,500 673
19129 210,700 680
19154 207,800 717
19152 201,700 666
19114 198,300 673
19146 190,300 687
19111 180,800 717
19148 167,900 717
19125 153,800 658
19145 152,100 673
19136 146,800 716
19150 145,400 718
19153 137,000 680
19149 135,700 658
19137 133,000 666
19126 128,900 717
19151 125,300 687
19135 119,600 666
19144 118,700 716
19122 112,700 716
19138 107,700 669
19131 101,200 718

Factors Affecting Home Insurance Premiums in Philadelphia, PA

The average cost of homeowners insurance in Philadelphia, PA is $708. Various factors could help homeowners lower their home insurance premiums. vHome Insurance lists the factors that could help homeowners reduce their home insurance costs.

Philadelphia, PA Home Insurance Premium Based on the Number of Bedrooms | Back to Top

Bedroom Size Average Homeowners Insurance Cost($)
2 Bedroom 345
3 Bedroom 949
4 Bedroom 992
5 Bedroom 1,466

Philadelphia, PA Home Insurance Premiums for Different Deductibles | Back to Top

Homeowners with a deductible of $500 pay a much higher amount on their home insurance premium, while homeowners who pay a deductible of $2500 pay a much lower amount on their home insurance premium as seen in the table below.

Deductible Type Average Homeowners Insurance Cost($)
$500 Deductible 700
$1000 Deductible 633
$1500 Deductible 596
$2000 Deductible 541
$2500 Deductible 508

Philadelphia, PA Homeowners Insurance Premium Based on the Age of the Home | Back to Top

Homeowners in Philadelphia, PA pay a much lower home insurance rate if their homes are newly constructed. Homeowners with homes that are older than 50 years pay a much higher rate on their home insurance premium as seen in the table below.

Home Age Homeowners Insurance Cost($)
Newly Constructed Home 531
Year 30 Old 719
Year 40 Old 726
Year 50 Old 735
Above Year 50 742

Philadelphia, PA Homeowners Insurance Cost Based on the Construction Type of the Home | Back to Top

Construction Type Home Insurance Cost Savings($) Home Insurance Cost($)
Fire Resistive 92 616
Masonry 35 673
Brick 35 673
Superior 64 644
Hail Resistant Roof 21 687

Top Saving Tips on Philadelphia, PA Homeowners Insurance | Back to Top

Homes built using sturdy materials, which are highly resistant to damage, receive substantial discounts on homeowners’ insurance. Philadelphia, PA homeowners can also bundle their home insurance policy with auto insurance to receive more discounts. Apart from this, home insurance companies tend to provide discounts to homes equipped with security features that make them less prone to burglaries. Senior citizens residing in households earn a considerable amount of discounts on homeowners insurance.

The tables below contain the complete list of discounts that Philadelphia, PA homeowners can take advantage of to increase their savings.

Philadelphia, PA Auto & Homeowners Insurance Bundling Discounts and Senior Citizen Discounts

Discount Type Home Insurance Cost Savings($) Home Insurance Cost($)
Bundle Discount 120 588
Retiree Discount (Senior Citizen Discount) 99 807
Newly Constructed Home 177 531

Philadelphia, PA Home Insurance Discounts for Home Safety Devices | Back to Top

Home Safety Devices Home Insurance Cost Savings($) Home Insurance Cost($)
Deadbolts 57 651
Fire Extinguishers 50 658
Smoke Detectors 85 623
Sprinkler System 42 666
Fire Alarm 57 651
Burglar Alarm 64 644
Lightning Protection 14 694

Latest Home Insurance Reviews

Travelers Insurance policy is very good as compare to others. When I was about to purchase insurance I compare this company with other companies and I like there policy that's way I select this one.
State Farm
My premium and deductible are reasonable. Again...we have not filed any claims yet. We have been lucky that a hurricane has not made a direct hit in our area (Northeast Florida).
Erie Insurance
They offer multiple comprehensive plans of all types across all price points. They also offer the ability to build your plan from scratch. That is the option we chose.
Farmer's Insurance
Farmers insurance is expensive and feels they could lower their prices to match the market. i don't want to change out insurance yet because of our agent but the price you pay for the services rendered is more than most other insurance companies.
I do not necessarily like we do pay extra premiums for having a trampoline and a swimming pool, as we do have a six-foot privacy fence which is padlocked.
State Farm
Could be a little lower. The house isn't that valuable. Nor is there much of any real value in i.e. don't know what other companies would offer because I've never checked. It's just too much of a hassle to deal with that.
State Farm
We get bounced around to agents and the current one doesn't care about us, we are just a number. She doesn't solve problems or even apologizes but she will quickly send a bill. You have to double check their work.
State Farm
It's there when I need to use it and sometimes we do but since the payments are auto deducted from the checking account and we haven't had to file a claim, I haven't checked it in detail.
For me, the main thing that helped was that I already had auto insurance through progressive so it made it easy to sign up for home insurance when I bought my house too.
State Farm
They communicate with us well. They are always sending us pieces of mail and emails regarding our premium. I only wish that the website would have a portal to talk to a real agent, rather than a bot
The Hartford
There are few things that I do not like about this company but one of those few things on the website, because it is a bit slow and contains little information.
The costs relative to the value of the house I feel are not the best but we signed a long-term contract preventing us from really changing the value of our insurance payments.
State Farm
Slowness. I still don't understand why things are so slow. I have a job at a fairly large company and we work fast. This makes me think leadership is somewhat lacking at this company. The individuals I work with are not leadership and are somewhat hindered by the process.
State Farm
I wish I could have dealt with just one person instead of three or four and I wish I could have talked to the agent himself.
Mutual Benefit Group
The name got us interested when we were looking to switch, Michigan Farm Bureau. They are experts at insuring farms, acreage, rural areas, which is where we live, in a very small town in the thumb of Michigan. Their pricing was awesome, same or better coverage than State Farm, and small enough that you can talk to someone almost immediately (in most cases).
Definitely would recommend. Better coverage for less money. Also, State Farm was constantly sending me ads and things in the mail and MetLife does not do that which I appreciate.
I would recommend Progressive for home insurance. The are professional and handle claims in a timely fashion. It helps if you also have you car insurance with them.
It is recommended as it guarantees to find the best quote that exists in home insurance that is in the market. This ensures that anyone will have the best possible quote.
Farmer's Insurance
They don't have a personal bank like state farm so I can do auto loan financing through them as well. other than that I am very happy with them
There is nothing I dislike, I am very satisfied, I would not change the company's, especially with low prices and great prices, I really feel like I'm getting a good deal.
State Farm
From term to whole life and everything in between, life insurance is a wise and caring way to help fulfill your promises.
Based on the experience that we have had the insurance company has been great. Timely communication and that has made a big difference in why would recommend to another family shopping for insurance.
State Farm
I would recommend State Farm. Their prices are reasonable and it seems as though they cover situations that may occur in California where we are located.
State Farm
i would definitely recommend state farm insurance to others looking for an insurance company to use. we have state farm not only for our home but also our cars and even with that they have been nothing but great.
State Farm
The premium and deductible on my State Farm policy are great rates for me. I checked others and they were all pretty close to what I have but the staff was much better at State Farm.
I would recommend Allstate because their prices are reasonable, unlike most companies, they are easy to work with, and the personnel are always pleasurable to speak with.
I would recommend this company because of their customer service, well in sales at least. We were able to have our questions answered easily and quickly and coverage beginning when we needed it.
Compare to other company insurance this company always give us the best offers and also the most things that customers need will cover. Also they will offer you soon as soon as possible.
Universal Property & Casualty Insurance Company
I have shopped around to a few other companies and UPC seems to be the cheapest that I have found by far.
Erie Insurance
I would recommend Erie vs. other larger companies. I would recommend them for not only home but auto policies. We revisit my policies annually to see if we should change things which I like. I would rate them a 5.