Philadelphia Homeowners Insurance

The Zebra
Aug. 26, 2019

How to find affordable homeowners insurance in Philadelphia


Home insurance is a hugely important part of owning a home. It covers your dwelling — and the personal property within it — against a variety of perils, including fire, theft, vandalism, or wind damage. Given the relatively frequent occurrence of these incidents and the substantial cost of replacing a home, homeowners coverage is a solid investment.

What you pay for homeowners insurance is dependent on a number of factors. These include the following: dwelling value, value of your personal belongings, and the cost of the materials used to build your home. The location of your home can also play a large role in home much you pay for homeowners insurance. Some areas are more susceptible to perils like fire, hail, frozen pipes, volcanoes, or other hazards. These can make your insurance policy even more expensive. Find out more about the specifics of home insurance coverage.

Finding the cheapest home insurance in Philadelphia starts with shopping around and comparing policies. Check out the below summary of average home insurance premiums in Philadelphia to help you get as much information as possible when you start your search for homeowners insurance. Remember: your homeowners insurance costs may vary based on your coverage limits and other factors.


Philadelphia, Pennsylvania, homeowners insurance:
  1. Rates by company
  2. Rates by coverage level
  3. Rates by ZIP code
  4. Insurance bundle discounts

Homeowners insurance in Philadelphia by insurance company

What you pay for homeowners insurance in Philadelphia will depend on the insurance company you get your policy through. The most inexpensive home insurance in Philadelphia comes from Penn National Insurance, which offers average annual rates of just $992 per year. This is more favorable than the city’s average homeowners premium of $1,372.

Take a look at the cheapest insurance companies in Philadelphia, Pennsylvania to find the best homeowners policy for your needs.


CHEAP HOMEOWNERS INSURANCE COMPANIES IN PHILADELPHIA
CompanyAverage Annual Rate
Penn National Insurance$992
Allstate$1,100
USAA$1,140
Encompass$1,171
Safeco$1,282

Average homeowners insurance costs in Philadelphia by coverage level

The amount of homeowners coverage you select has an impact on your insurance premiums. In Philadelphia, carrying $200K dwelling coverage costs an average of $933, while carrying additional coverage up to $400K costs $1,768 per year.


HOMEOWNERS INSURANCE RATES IN PHILADELPHIA — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$200K Dwelling$933
$400K Dwelling$1,768

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Philadelphia home insurance rates by ZIP code

Homeowners insurance premiums can vary depending on what part of Philadelphia in which you live. One of the factors that insurers use when pricing your coverage is the number of claims filed in your surrounding area. As such, the neighborhood you live in can dramatically influence your home insurance premium.

To find the most affordable home insurance rates in Philadelphia, look no further than 19113. In the 19113 area, homeowners policies typically cost just $1,136 per year — a full $236 less than the Philadelphia average. If you’re looking for the areas with the most affordable homeowners insurance in Philadelphia, have a look at the table below.


AFFORDABLE AREAS FOR HOMEOWNERS INSURANCE IN PHILADELPHIA
ZIP CodeAverage Annual Home Insurance Rate
19113$1,136
19118$1,345
19106$1,345

On the other hand, some areas of Philadelphia face higher homeowners insurance costs, on average. Such areas might face a higher probability of perils such as severe weather and fires. Similarly, they may also have a higher rate of crimes such as burglary or vandalism. The most expensive ZIP code for homeowners insurance in Philadelphia is 19138, where the average annual rate is $1,431.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN PHILADELPHIA
ZIP CodeAverage Annual Home Insurance Rate
19138$1,431
19141$1,427
19154$1,422



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Money-saving tip: bundle home and auto insurance in Philadelphia

To save a little money, you might consider bundling your homeowners and auto insurance policies through the same company. Bundling your homeowners and auto insurance can be a good money-saving option. In fact, bundling policies in Philadelphia leads to average annual savings of 13%.


CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN PHILADELPHIA
CompanyAvg. Annual Auto Insurance Rate (Bundle)
GEICO$1,132
State Farm$1,214
Country$1,286
American Family$1,371
Farmers$1,453

A great way to save on insurance is to bundle your home and auto policies with the same insurance company. To speak with an insurance professional, reach out to us at 855-493-9728 today.


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