5 Best Philadelphia Homeowners Insurance Companies (2026)
Allstate and Erie are some of the best home insurance companies in Philadelphia, but Westfield is worth considering if you need flood insurance.
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Written byLindsay VanSomeren
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Lindsay VanSomerenInsurance and Personal Finance Writer
8 years in insurance and personal finance writing
Former data scientist for U.S. Geological Survey
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Edited byKatie Powers
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Katie PowersLicensed P&C Agent, Senior Insurance Editor
Licensed auto and home insurance agent
4+ years experience in insurance and personal finance editing
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Reviewed byMacKenzie Korris
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MacKenzie KorrisLicensed P&C Agent, Insurance Copy Editor
Licensed property and casualty insurance agent
10+ years editing experience
NPN: 21630969
Updated
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The average cost of home insurance in Philadelphia is $136 per month for a standard homeowners policy with $300,000 in dwelling coverage and a $1,000 deductible. The national monthly average for the same policy type is $239, according to Insurify data.
But many homes in Philly are at high risk for storm-related damage and property theft, so rates might be much higher for extra coverage. Here’s what you need to know about home insurance in Philadelphia and why it’s important to compare home insurance quotes to find the best policy and rates.
Quick Facts
Allstate, Chubb, and Erie are three of the best home insurers in Philadelphia.
Selective Insurance is the cheapest home insurance company in Philadelphia, with an average monthly rate of $76 for a policy with $300,000 in dwelling coverage and a $1,000 deductible.
Homes along the Delaware River are prone to storm surge flooding, and Philly crime rates are about 150% higher than those of other U.S. cities.
Best home insurance companies in Philadelphia
Philadelphia-area homeowners have plenty of good home insurance companies to choose from, but the best company won’t be the same for everybody. Every insurer sets premiums differently, as insurance companies consider rating factors uniquely. The right insurance company for you depends on your home insurance coverage needs and claims history. Here are some of the best home insurance companies in Philly.
Allstate: Best overall
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 8.2 /10 |
|---|---|
| JD Power J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale. | 631 |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $132/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $174/mo |
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
2.08
A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A-
Why we picked this company
Allstate has some of the lowest homeowners insurance costs for Philly residents, according to Insurify data. And discounts can help you lower your premium even further, in addition to its already low-overall rate.
Pros
Some of the lowest home insurance rates in Philadelphia
Dozens of local Philadelphia agents
Many coverage options to cater to your needs
Cons
AM Best rating (A-) could be better
Auto insurance isn’t rated as highly by J.D. Power
Across-the-board poor reviews and ratings from customers
Chubb: Best for luxury, high-end homes
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 7.8 /10 |
|---|---|
| JD Power J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale. | 688 |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $173/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $270/mo |
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.12
A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A++
Why we picked this company
If price is of no object, consider working with Chubb. It’s an international insurer that offers top-notch service. For example, extended replacement cost coverage comes standard with all policies — meaning they’ll pay to fix your home in a covered loss, no matter what. You typically need to pay extra for that coverage with other insurers.
Pros
Local office on Walnut Street
Unparalleled customer service
Complimentary home inspections and risk consultations
Cons
Quotes not available online
Very expensive premiums
Few available discounts
Erie: Best for everyday replacement cost coverage
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 7.4 /10 |
|---|---|
| JD Power J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale. | 674 |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $186/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $292/mo |
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.45
A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A+
Why we picked this company
Founded on the other side of the state in 1925, Erie matches Chubb when it comes to offering guaranteed replacement cost coverage on all policies. The company also offers several discounts, including those for being a first-time homebuyer, installing a monitored home alarm, and keeping a claims-free history.
Pros
More than 20 local insurance agent offices
Big discount for bundling auto and homeowners insurance
Relatively low volume of customer complaints with the National Association of Insurance Commissioners (NAIC)
Cons
Not the cheapest insurer in Philadelphia
Only a few available discounts
Limited availability nationwide if you move away
USAA: Best for Pennsylvania military members and veterans
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 8 /10 |
|---|---|
| JD Power J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale. | 737 |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $80/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $112/mo |
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.47
A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A++
Why we picked this company
Philadelphia is home to more than 46,000 veterans, with many more active-duty service members stationed at various bases throughout the region. It’s worth getting a quote from USAA if you match that criteria, since the company offers more discounts than competitors. Its policies also come with extra built-in perks, such as complimentary replacement cost coverage.
Pros
Fairly low premiums
AM Best financial strength rating of A++ (Superior)
One-stop shop for all banking, retirement, and insurance needs
Cons
Doesn’t maintain any in-person insurance agency offices
Can’t buy an insurance policy unless you’re affiliated with the military
Many bad ratings and experiences from customer review sites
Westfield: Best for flood coverage
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | NR |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | NR |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $98/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $128/mo |
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
Not rated
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
Not rated
Why we picked this company
One-third of homes in Philadelphia are at risk for flooding within the next 30 years. That’s higher than in the rest of the U.S., where 1 in 5 homes are at risk. It’s worth considering NFIP flood insurance, but Westfield is unique in that it offers expanded — and potentially cheaper — private flood coverage, too.
Pros
Affordable rates in Philadelphia
Several in-person insurance offices in Philadelphia
Unique policies that cover household appliances, service lines, and more
Cons
No mobile app
Not available in most U.S. states if you move elsewhere
Doesn’t offer many other types of insurance policies
Our editorial team analyzed regional and national home insurance companies that sell policies in Philadelphia to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.
How much is home insurance in Philadelphia?
Philly homeowners pay $1,632, on average, to insure their homes every year. That’s more than the statewide average of $1,296 for a similar policy.
Prices for Philadelphia home insurance are likely higher because the city has a notoriously high crime rate — especially for property crime — which drives premiums up for everyone.
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Cheapest home insurance companies in Philadelphia
If you’re mainly concerned with finding affordable coverage, consider the companies in the table below:
The below rates in Philadelphia, PA, are estimated rates current as of: Tuesday, June 30 at 5:00 PM PDT.
Insurance Company  | Average Annual Premium |
|---|---|
| Selective Insurance | $672 |
| American National | $708 |
| USAA | $756 |
| Foremost | $948 |
| Westfield | $996 |
| Allstate | $1,056 |
| Travelers | $1,092 |
| State Farm | $1,104 |
| Encompass | $1,344 |
| Nationwide | $1,392 |
| Chubb | $1,464 |
| Penn National | $1,476 |
| Erie | $1,548 |
| Farmers | $1,596 |
Disclaimer: Table data sourced from real-time Philadelphia car insurance quotes from Insurify's 500+ partner insurance providers and quote estimates from Quadrant Information Services. Actual car insurance quotes in Philadelphia may vary based on the policy buyer's unique driver profile.
The below rates in Philadelphia, PA, are estimated rates current as of: Tuesday, June 30 at 5:00 PM PDT.
Insurance Company | Average Annual Premium |
|---|---|
| Selective Insurance | $1,344 |
| USAA | $1,344 |
| American National | $1,440 |
| Westfield | $1,536 |
| Allstate | $2,088 |
| State Farm | $2,124 |
| Foremost | $2,220 |
| Travelers | $2,544 |
| Encompass | $2,604 |
| Nationwide | $2,700 |
| Penn National | $3,012 |
| Chubb | $3,240 |
| Erie | $3,504 |
| Farmers | $3,936 |
Disclaimer: Table data sourced from real-time Philadelphia car insurance quotes from Insurify's 500+ partner insurance providers and quote estimates from Quadrant Information Services. Actual car insurance quotes in Philadelphia may vary based on the policy buyer's unique driver profile.
The below rates in Philadelphia, PA, are estimated rates current as of: Tuesday, June 30 at 5:00 PM PDT.
Insurance Company | Average Annual Premium |
|---|---|
| USAA | $1,788 |
| Selective Insurance | $1,836 |
| Westfield | $2,040 |
| American National | $2,112 |
| Allstate | $2,664 |
| Foremost | $2,784 |
| State Farm | $2,940 |
| Encompass | $3,564 |
| Travelers | $3,684 |
| Penn National | $4,428 |
| Chubb | $4,680 |
| Erie | $5,136 |
| Nationwide | $5,484 |
| Farmers | $5,664 |
Disclaimer: Table data sourced from real-time Philadelphia car insurance quotes from Insurify's 500+ partner insurance providers and quote estimates from Quadrant Information Services. Actual car insurance quotes in Philadelphia may vary based on the policy buyer's unique driver profile.
How much homeowners insurance do you need in Philadelphia?
Philadelphia law doesn’t require homeowners to have home insurance. But most lenders require you to purchase home insurance if you have a mortgage. Even if you don’t have a mortgage, it’s generally a good idea to purchase a policy to protect your investment and avoid paying high costs for home repairs and replacement out of pocket.
Before buying a policy, it’s important to understand what your home insurance covers and how much coverage you need for your financial situation and your home’s coverage needs. For instance, as a general rule of thumb, your dwelling coverage limit needs to be high enough to cover the cost of rebuilding your home after a covered loss.[1]
Personal liability
If someone sues your family, or someone gets injured on your property, personal liability coverage kicks in. Experts recommend carrying coverage limits between $300,000 and $500,000.
Dwelling
Dwelling insurance covers the structure of your home. Experts recommend multiplying local rebuilding costs (per square foot) by your home’s square footage to figure out the best coverage limits.
Additional living expenses coverage
Also called loss of use, this coverage helps pay for expenses when you can’t live in your home during repairs after a covered loss. Most insurers cap coverage limits to 20% of your dwelling coverage limit.
Personal property
Standard personal property coverage helps pay to replace your personal belongings after a covered loss up to 50% to 70% of your dwelling coverage amount. Taking a home inventory can help you determine if you need to buy more coverage.
What to know about home insurance in Philadelphia, PA
From wind-related storm damage to high crime rates, homes in Philadelphia face some unique risks that factor into home insurance needs. So it’s important to make sure you carry enough coverage to protect your property adequately.
Here’s a closer look at what to know about home insurance in Philly:
Higher windstorm risk: Philadelphia is vulnerable to an increasing number of tropical storms and hurricanes.[2] You may need extra coverage to protect against wind-related property damage.
Lower property values: Home values are 27% lower in Philadelphia compared to the median U.S. home.[3] Lower property values mean there’s less to insure, which can save you money.
Increased flooding risk: One-third of Philly homes are at risk for flooding within the next 30 years, thanks to storm surges from the Delaware River.[4] So you may need to purchase a flood insurance policy for more protection.
Elevated property crime rates: Property crime rates in Philadelphia are 158% higher than the national average. You may need extra coverage to protect your personal belongings from theft.
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Average cost of home insurance in other cities in Pennsylvania
Insurers often price policies differently between cities and even ZIP codes because the risks to homeowners can vary depending on where you live.
You can see some of these differences reflected in the following cost comparison across Pennsylvania cities:
The below rates in Philadelphia, PA, are estimated rates current as of: Tuesday, June 30 at 5:00 PM PDT.
City | Average Annual Premium: With $300K in Dwelling Coverage |
|---|---|
| Lancaster | $1,224 |
| Reading | $1,248 |
| Pittsburgh | $1,272 |
| Allentown | $1,284 |
| Scranton | $1,296 |
| Philadelphia | $1,632 |
Disclaimer: Table data is based on real-time Philadelphia quotes from Insurify’s network of 500+ insurance partners. Actual rates may vary depending on the policyholder’s individual profile and coverage needs.
Philadelphia homeowners insurance FAQs
Here’s a quick highlight of questions that people commonly ask about home insurance in Philadelphia:
How much is home insurance in Philadelphia?
The average homeowners insurance policy in Philadelphia costs $1,632 per year, according to Insurify data. It’s also a good idea to consider additional flood insurance, which your lender may already require if you live in a flood zone.
Which company has the cheapest homeowners insurance in Philadelphia?
Allstate offers the cheapest home insurance policy for Philly homeowners, according to Insurify data, with an average annual premium of $1,003.
What’s the best home insurance company in Philadelphia?
The best insurance company depends on your needs and financial situation. For a cheap home insurance policy, Allstate is a good option. Chubb is another excellent choice if you want higher-end service.
How much is home insurance on a $400,000 house in Pennsylvania?
Pennsylvania homeowners pay an average annual premium of $1,596 for a $400,000 dwelling coverage policy.
How much homeowners insurance coverage do you need?
Experts recommend carrying enough coverage to rebuild your home from scratch if the insurer declares it a total loss, which may require additional coverage for flooding in Philadelphia. Rather than using your home value, it’s best to calculate coverage limits based on your home’s square footage and the rebuilding costs per square foot.
What factors affect the cost of home insurance in Philadelphia?
In Philly, property crime rates tend to be relatively high, which could drive premiums up. But insurers consider many other factors to price your policy, such as your credit score, claims history, deductible choice, home age, and optional endorsements.
Sources
- Insurance Information Institute. "How much homeowners insurance do I need?."
- First Street. "Does Philadelphia have Wind Risk?."
- U.S. Census Bureau. "QuickFacts Philadelphia County, Pennsylvania."
- First Street. "Philadelphia Flooding Risk."
Methodology
Insurify data scientists analyzed rates from more than 180 home insurance companies sourced directly from Insurify’s partner companies and Quadrant Information Services. Rates span all 50 states and Washington, D.C., and quote averages represent the mean price for a given coverage level and geographic area. To ensure data reliability, only insurers meeting minimum quote thresholds were included in the analysis.
Unless otherwise specified, quoted rates reflect the average cost for homeowners with no prior claims and good credit with a home construction year of 1980. The default coverage assumptions include:
Default Coverage Assumptions
- Dwelling coverage: $300,000
- Deductible: $1,000
- Personal property limit: $25,000
- Liability limit: $300,000
Additional data points beyond these default values are sourced from Insurify’s proprietary database. Rates are updated monthly.
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Lindsay VanSomerenInsurance and Personal Finance Writer
8 years in insurance and personal finance writing
Former data scientist for U.S. Geological Survey
Featured in
Katie PowersLicensed P&C Agent, Senior Insurance Editor
Licensed auto and home insurance agent
4+ years experience in insurance and personal finance editing
NPN: 20564519
Featured in
MacKenzie KorrisLicensed P&C Agent, Insurance Copy Editor
Licensed property and casualty insurance agent
10+ years editing experience
NPN: 21630969