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By: Ramu Garuda  June.14, 2019

As part of a recent survey on home insurance rates in Pennsylvania, Gavop analyzed the annual report published by the National Association of Insurance Commissioners to rank the top home insurance providers by market share and premium offered. Gavop found that Truck Insurance Exchange, a subsidiary of Farmers Insurance Group, offers the cheapest median premium at $1,011. It is, in fact, $216 less than the state median of $1,227. State Farm follows at second, with a median premium of $1,103. Allstate is third with a median premium of $1,276, $49, which is more than the state median. At just $9 more, Nationwide is fourth, with a median premium of $1,285.

The figure below shows the market share of the top providers, along with the median premiums offered by them.

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A Brief Guide to Pennsylvania Home Insurance

In Pennsylvania state, homeowners pay a relatively low home insurance premium, with a median rate at $61 less than the national medin rate at $1,288. However, there are a few things that insurance buyers should consider when buying a policy such as deductibles, liability coverage, flood insurance, and claim history.

In every home insurance agreement, customers have to decide on a deductible amount, which is the money they will pay out of their pocket in the event of a claim. Usually, deductible slabs are in multiples of $500. Choosing the right deductible is very important, as the premium depends on it. Even though choosing a higher deductible can lower the premium, it is not wise to go for a high deductible if you cannot afford to finance a significant sum of money for quick repairs.

Claim history is another factor that influences insurance rates. If a homeowner has made more than two claims in a period of 10 years, it usually does not sit favorably with providers.

In Pennsylvania, the winter snow can be a potential hazard. To prepare for any accidents, such as someone slipping on the snow on your property, it is a wise decision to buy adequate liability coverage, which will take care of the person’s medical costs.

The state is also always on the verge of being flooded by heavy rains. Talk to your insurer about flood insurance coverage, which will provide more coverage than water damage from leaky pipes.

Home Insurance Premium Variation by City

Gavop has listed the home insurance median rates in all 94 cities of Pennsylvania in the table below.

RankCityAverage Insurance Rate
1Erie$904
2Pittsburgh$921
3Tarentum$927
4State College$945
5Greencastle$965
6Williamsport$981
7Lancaster$996
8Carlisle$1,006
9Altoona$1,019
10Johnstown$1,025
11Somerset$1,033
12Lebanon$1,037
13Chambersburg$1,043
14Cranberry Township$1,062
15Greensburg$1,064
16Hanover$1,083
17McKeesport$1,088
19Waynesboro$1,090
18York$1,090
20Washington$1,092
21Indiana$1,093
22McConnellsburg$1,097
23Brookville$1,100
24Scranton$1,112
25Pittston$1,113
26Sayre$1,114
27Mountain Top$1,127
28Milton$1,129
29Towanda$1,135
30Wilkes Barre$1,135
31Latrobe$1,138
32Dallas$1,139
33Warren$1,141
34Du Bois$1,148
35Lewistown$1,148
36Wellsboro$1,155
37Butler$1,160
38Johnstown$1,163
39Carnegie$1,171
40Sharon$1,172
41Gettysburg$1,173
42Punxsutawney$1,191
44Kittanning$1,192
43Monessen$1,192
46Harrisburg$1,194
45Hummelstown$1,194
47Bethlehem$1,197
48Shamokin$1,201
49Saint Marys$1,202
50Ellwood City$1,211
51Ridgway$1,216
52Lock Haven$1,217
53Bloomsburg$1,220
54Reading$1,221
55Clarks Summit$1,223
56Beaver$1,235
58Lehighton$1,240
57Waynesburg$1,240
59Stroudsburg$1,262
60Meadville$1,263
61Hazleton$1,268
62New Bethlehem$1,269
63Wyalusing$1,271
64McAlisterville$1,272
65Bradford$1,273
66Clearfield$1,273
67Clarion$1,277
68Pottsville$1,279
69Coudersport$1,281
71Millersburg$1,293
70Uniontown$1,293
72West Chester$1,294
73East Stroudsburg$1,304
74Emlenton$1,309
75Allentown$1,311
76Kane$1,315
77Oil City$1,323
78New Bloomfield$1,348
80Hawley$1,357
79Schuykill Haven$1,357
81Doylestown$1,363
82Phoenixville$1,380
83New Castle$1,383
84Titusville$1,395
85Ardmore$1,400
86Lansdale$1,431
87Honesdale$1,487
88Pottstown$1,502
89Levittown$1,620
90Fort Washington$1,631
91Havertown$1,643
92Effort$1,745
93Coatesville$2,008
94Philadelphia$2,087

Erie – the fourth largest city by population – has the cheapest median premium (at $904) in the state. Philadelphia – the largest city by population – has the most expensive median premium (at $2,087).

Gavop also ranked five of the largest cities by population and listed the median premium in each. The findings are illustrated in the infographic below.

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ABOUT THE AUTHOR

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Ramu Garuda

Ramu is a research analyst with over 9 years of analytics & research experience. Prior to joining the company, he worked with some of the prominent consulting and market research firms in India, including Pride Technology (Supporting consulting projects to PWC), RR Donnelly, and The Hackett Group. His skills include company profiling, benchmarking, data and trend analysis, industry analysis, and report writing across the industries. Ramu holds a Master’s degree in Finance and Marketing. He also has a bachelor’s degree in Biotechnology.

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