Philadelphia ,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 Philadelphia, 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 Philadelphia, PA is $1151. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Philadelphia, PA. VHome Insurance will help you navigate the world of homeowners insurance coverages in Philadelphia, PA.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $460 |
| $200,000 | $783 |
| $300,000 | $967 |
| $400,000 | $1,473 |
| $500,000 | $1,853 |
Home insurance costs in Philadelphia 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 |
|---|---|
| 019104 | $1,101 |
| 19120 | $1,052 |
| 19124 | $1,051 |
| 19141 | $1,051 |
| 19142 | $1,037 |
| 19121 | $1,083 |
| 19143 | $1,052 |
| 19139 | $1,041 |
| 19134 | $1,042 |
| 19140 | $1,031 |
| 19133 | $1,025 |
| 19132 | $1,023 |
| 19106 | $1,288 |
| 19118 | $1,292 |
| 19103 | $1,275 |
| 19130 | $1,225 |
| 19107 | $1,218 |
| 19147 | $1,237 |
| 19102 | $1,241 |
| 19123 | $1,237 |
| 19116 | $1,139 |
| 19115 | $1,139 |
| 19128 | $1,138 |
| 19119 | $1,149 |
| 19113 | $1,081 |
| 19127 | $1,142 |
| 19129 | $1,134 |
| 19154 | $1,113 |
| 19152 | $1,112 |
| 19114 | $1,113 |
| 19146 | $1,211 |
| 19111 | $1,099 |
| 19148 | $1,123 |
| 19125 | $1,153 |
| 19145 | $1,116 |
| 19136 | $1,081 |
| 19150 | $1,091 |
| 19153 | $1,076 |
| 19149 | $1,072 |
| 19137 | $1,083 |
| 19126 | $1,079 |
| 19151 | $1,071 |
| 19135 | $1,067 |
| 19144 | $1,080 |
| 19122 | $1,135 |
| 19138 | $1,064 |
| 19131 | $1,063 |
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 Philadelphia, PA, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,180 |
| $1000 Deductible | $1,055 |
| $1500 Deductible | $996 |
| $2500 Deductible | $898 |
| $5000 Deductible | $760 |
| Home Insurance Company Near Philadelphia, PA | Homeowners Insurance Agency Near Philadelphia, PA | Address |
|---|---|---|
| Travelers | Ecbm Lp | 300 CONSHOHOCKEN STATE RD STE 405, WEST CONSHOHOCKEN, PA, 19428 |
| 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 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Philadelphia County, Pennsylvania | $107 | $143 | $215 |
| Cheltenham township, Montgomery County, Pennsylvania | $117 | $156 | $234 |
| Pennsauken township, Camden County, New Jersey | $122 | $162 | $243 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Philadelphia, PA | 4.8% | 14.0% |
| Philadelphia | 4.81% | 13.95% |
| Cheltenham | 2.68% | 6.5% |
| Pennsauken | 3.95% | 9.22% |
| Philadelphia Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 7,574 | 2.0% | $343 |
| $200 to $299 | 10,256 | 4.0% | $793 |
| $300 to $499 | 17,694 | 6.0% | $1243 |
| $500 to $749 | 52,367 | 20.0% | $1918 |
| $750 to $999 | 76,586 | 30.0% | $2668 |
| $1,000 to $1,499 | 65,674 | 25.0% | $3793 |
| $1,500 or more | 24,290 | 9.0% | $5443 |
| Streets in Philadelphia Area | Homeowners Insurance Cost |
|---|---|
| Inwood Ln, Brush Rd, E Juniata St, Kingsfield Rd, Modena Ter, Hoff St, Casimir St, Greymont St, Widener Pl, Wagner Ave | $760 |
| W Seybert St, Chestnut Ln, Saint Albans St, Nicholas St, Walter St, Edison Ave, S 41st St, Marlton Ave, Mallory St, W Berkley St | $713 |
| N 37th St, E Salaignac St, Old Townsend Rd, Rubicam St, Cresco Ave, N 68th St, Murdoch Rd, Delaware Expy, W Indiana St, Dorel St | $714 |
| Loxley Ct, Scotchbrook Dr, Wendle Ct, Winter St, S 72nd St, Dyre St, Magdalena St, Blaine St, S Bambrey Ter, N 62nd St | $717 |
| Lefevre St, S Paxon St, W Roberts Ave, Concordia Pl, E Wister St, W Washington Sq, E Armstrong St, E Columbia Ave, Emerald St, Dondill Pl | $827 |
| Kern St, Matthews St, Station Ln, Newland St, Stewart St, Prospect Ave, Megargee St, S Independence Ml E, Evergreen Ave, Cranston Rd | $741 |
| N Mole St, Cotton St, S Harmony St, Calpine Rd, 3rd St E, Beverly Rd, Cardiff St, Bartram Ave, Stearly St, E Meade St | $714 |
| Pilgrim Ln, W Allens Ln, W Stafford St, Andale St, Authority Ter, Cargill Ln, Oak Lane Ave, Belgreen Ter, Evergreen Pl, Dupont St | $727 |
| Gifford St, Bloomfield Ave, Farrell Ct, Deer Run Pl, Maiden St, Cliveden St, Delaware Ave, Hedgerow Ln, W Winona St, Merion Ave | $None |
| Gransback St, Bailey Ter, Centennial Sq E, North St, Erie Ave, Golf Rd, Thomas Ave, Essex Ln, Crabtree St, Forest Pl | $762 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Philadelphia | $107 to $109 |
| Philadelphia County | $107 |
| Cheltenham | $117 |
| Pennsauken | $121 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,600 | $2,600 |
| Yearly Philadelphia Homeowner Insurance Premium Example | $600 | $400 |
| Out of Pocket Expense During Claim | $1,600 | $2,600 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $6,400 | $5,800 |
| Net Savings to Philadelphia Home Owner from High Deductible Plan | $600 | |
| Scenario | Philadelphia, PA Home Replacement Value MORE than Home Value | Philadelphia, PA Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $285,500 | $192,000 |
| Insurance Premium based on Replacement Value | $1,450 | $975 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $31,000 | Risk Exposure from Under Insuring Coverage is $62,500 |
| Premium Impact | Insurance cheaper by $325/year | Insurance costlier by $150/year |
| Insurance Company | Liberty Mutual | Farmers Insurance | Chubb Group of Insurance |
| Monthly Premium | 32 | 68 | 68 |
| Year Built | 1940 | 1960 | 1951 |
| Home Details | 2 Beds, 1 Baths | 3 Beds, 1 Baths | 4 Beds, 2 Baths |
| Coverage Amount | $100000-$125000 | $150000-$175000 | $150000-$175000 |
| Deductible | $1000-$2500 Deductible | $500- $1000 Deductible | $500- $1000 Deductible |