Finding the Best Renters Insurance in Pennsylvania
If you are renting a home in Pennsylvania, you might be considering purchasing renters insurance. Many tenants in Pennsylvania wonder if getting renters insurance is worth the cost. Is it worth paying additional money for coverage? Do you even really need it? It is important to keep some points in mind. Your landlord’s insurance probably covers the fundamentals – like your home’s plumbing system, appliances, and fixtures. However, it will not cover what is most important to you – your personal belongings. If you do not have a renters insurance, you may also be liable for damages that occur to the building or even someone else’s injuries that may occur whilst in your home. Renters insurance often also provides what is called loss of use coverage. This means if your home becomes uninhabitable for any reason and you need to move out, your insurance will compensate you for any additional living expenses. Renters insurance is optional, but for many Pennsylvanians, having the sense of security and peace of mind is worth the investment. Finding the most suitable renters insurance for you and your needs can be daunting. Where do you look, and who do you ask? Costs of renters insurance may vary based on your coverage requirements and your location. The best approach to finding the best renters insurance in Pennsylvania for your needs is to compare prices and offers from several providers. Whether you are looking for the most affordable renters insurance, the best-rated insurance providers, or insurance with larger coverage options, we are here to help.
| Renters Insurance Costs in Pennsylvania | Cost |
|---|---|
| Avg. Cost of Renters Insurance in Pennsylvania Annually | $232.69 |
| Avg. Cost of Renters Insurance in Pennsylvania Per Month | $19.39 |
Renters Insurance in Pennsylvania at a Glance
Pennsylvania ranks 24th nationally when it comes to the most expensive states for renters insurance. Pennsylvanians may be paying a little bit less than the average American, but renters insurance in Pennsylvania is still by no means cheap. 37% of Pennsylvanian renters spend 30% or more of their income on rent and utilities. The average cost for renters insurance in Pennsylvania is $X.XX a month or $X.XX annually. When it comes to the renter's insurance rates by cities in Pennsylvania, Lebanon and Lancaster have the cheapest rates at $X.XX a month or $X.XX annually, while other cities like Reading has the most expensive rate at $X.XX a month or $X.XX annually. Most cities in Pennsylvania have comparable rates, but the cost of renters insurance can vary considerably based on factors such as location and who the insurance provider is. That is why landing the best possible deal on your renter's insurance means researching different providers and understanding what factors influence coverage costs.
| City in Pennsylvania | Costs Per Month for Renters Insurance | Average Costs Per Year for Renters Insurance |
|---|---|---|
| Aliquippa, PA | $12.28 | $147.36 |
| Allentown, PA | $11.76 | $141.12 |
| Altoona, PA | $11.92 | $143.04 |
| Arnold, PA | $11.47 | $137.60 |
| Beaver Falls, PA | $12.27 | $147.20 |
| Bellevue, PA | $11.61 | $139.36 |
| Bethel Park, PA | $11.31 | $135.68 |
| Bethlehem, PA | $11.63 | $139.52 |
| Northampton, PA | $11.63 | $139.52 |
| Bloomsburg, PA | $11.97 | $143.68 |
| Bradford, PA | $12.59 | $151.04 |
| Butler, PA | $11.89 | $142.72 |
| Carbondale, PA | $12.43 | $149.12 |
| Chester, PA | $16.05 | $192.64 |
| Clairton, PA | $11.72 | $140.64 |
| Coatesville, PA | $12.97 | $155.68 |
| Connellsville, PA | $12.88 | $154.56 |
| Corry, PA | $12.57 | $150.88 |
| DuBois, PA | $12.20 | $146.40 |
| Duquesne, PA | $11.80 | $141.60 |
| Easton, PA | $11.61 | $139.36 |
| Erie, PA | $12.27 | $147.20 |
| Farrell, PA | $12.80 | $153.60 |
| Franklin, PA | $12.45 | $149.44 |
| Greensburg, PA | $11.80 | $141.60 |
| Harrisburg, PA | $11.48 | $137.76 |
| Hazleton, PA | $12.12 | $145.44 |
| Hermitage, PA | $12.85 | $154.24 |
| Jeannette, PA | $11.75 | $140.96 |
| Johnstown, PA | $11.84 | $142.08 |
| Lancaster, PA | $10.44 | $125.28 |
| Latrobe, PA | $11.92 | $143.04 |
| Lebanon, PA | $11.33 | $136.00 |
| Lock Haven, PA | $12.16 | $145.92 |
| Lower Burrell, PA | $11.35 | $136.16 |
| McKeesport, PA | $11.65 | $139.84 |
| Meadville, PA | $12.85 | $154.24 |
| Monessen, PA | $11.61 | $139.36 |
| Monongahela, PA | $11.73 | $140.80 |
| Nanticoke, PA | $12.05 | $144.64 |
| New Castle, PA | $12.92 | $155.04 |
| New Kensington, PA | $11.43 | $137.12 |
| Oil City, PA | $12.15 | $145.76 |
| Parker, PA | $12.67 | $152.00 |
| Philadelphia, PA | $18.81 | $225.76 |
| Pittsburgh, PA | $12.05 | $144.64 |
| Pittston, PA | $12.08 | $144.96 |
| Pottsville, PA | $12.32 | $147.84 |
| Reading, PA | $11.45 | $137.44 |
| St. Marys, PA | $12.16 | $145.92 |
| Scranton, PA | $12.31 | $147.68 |
| Shamokin, PA | $12.39 | $148.64 |
| Sharon, PA | $12.81 | $153.76 |
| Sunbury, PA | $12.43 | $149.12 |
| Titusville, PA | $12.81 | $153.76 |
| Uniontown, PA | $12.77 | $153.28 |
| Warren, PA | $11.99 | $143.84 |
| Washington, PA | $12.12 | $145.44 |
| Wilkes-Barre, PA | $11.93 | $143.20 |
| Williamsport, PA | $11.47 | $137.60 |
| York, PA | $11.03 | $132.32 |
Is Renters Insurance Required in Pennsylvania
In the state of Pennsylvania, tenants are not required by law to purchase renters insurance. Purchasing renters insurance is optional and goes back to the tenant, unlike other mandatory insurance like auto insurance. That been said, some landlords may require tenants to have it as part of their lease agreement. This is fairly standard practice as landlords want to ensure that both of them and the tenant are covered in the event of a loss or damage. Even if it is not in your lease agreement, it is worth considering purchasing renters insurance, as the coverage it provides can be extremely beneficial. The landlord's insurance is basic and will not protect your personal belongings or provide you with any liability coverage. It is a smart move to purchase renters insurance as it covers your personal belongings if they are stolen or damaged. The value of your personal belongings will determine the cost of your coverage, and your renter's insurance provider will ask for an inventory report of your valuables when you make a claim. For most Pennsylvanians, a small monthly payment to protect your valuables will save you in the long run in comparison to being held financially responsible for damages, losses, or injuries.
How Much is Renters Insurance in Pennsylvania
The chart below displays the average renter's insurance rates in cities across Pennsylvania. The final cost, however, will vary based on a number of factors, including location. Location plays a big role when it comes to renters insurance rates in Pennsylvania. Cities like Reading tends to be on the more expensive side, while Lebanon and Lancaster are among the cheaper cities to get renters insurance in Pennsylvania. Finding affordable renters insurance is an easier task in some areas over others, but some factors that can affect the cost of coverage go back to you, such as your desired coverage amount and the deductible you are willing to pay. Other factors are related to your personal history, including your credit rating and previous claims. The number of tenants in your rented home, whether you own pets, the value of your belongings, and whether you have fire sprinklers installed all also contribute to the cost of coverage. Make sure to provide all of this information when inquiring about renters insurance quotes from different providers.
| Costs of Renters Insurance in Pennsylvania by County | Price Per Month | Price Per Year |
|---|---|---|
| Adams County, PA | $14.60 | $175.20 |
| Allegheny County, PA | $14.90 | $178.80 |
| Armstrong County, PA | $15.15 | $181.80 |
| Beaver County, PA | $15.27 | $183.20 |
| Bedford County, PA | $15.55 | $186.60 |
| Berks County, PA | $14.85 | $178.20 |
| Blair County, PA | $15.18 | $182.20 |
| Bradford County, PA | $15.23 | $182.80 |
| Bucks County, PA | $18.63 | $223.60 |
| Butler County, PA | $15.12 | $181.40 |
| Cambria County, PA | $15.12 | $181.40 |
| Cameron County, PA | $15.70 | $188.40 |
| Carbon County, PA | $15.90 | $190.80 |
| Centre County, PA | $14.85 | $178.20 |
| Chester County, PA | $16.50 | $198.00 |
| Clarion County, PA | $15.88 | $190.60 |
| Clearfield County, PA | $15.67 | $188.00 |
| Clinton County, PA | $15.12 | $181.40 |
| Columbia County, PA | $15.37 | $184.40 |
| Crawford County, PA | $16.18 | $194.20 |
| Cumberland County, PA | $14.70 | $176.40 |
| Dauphin County, PA | $14.90 | $178.80 |
| Delaware County, PA | $19.67 | $236.00 |
| Elk County, PA | $15.87 | $190.40 |
| Erie County, PA | $15.43 | $185.20 |
| Fayette County, PA | $16.23 | $194.80 |
| Forest County, PA | $16.17 | $194.00 |
| Franklin County, PA | $14.80 | $177.60 |
| Fulton County, PA | $15.50 | $186.00 |
| Greene County, PA | $16.13 | $193.60 |
| Huntingdon County, PA | $15.57 | $186.80 |
| Indiana County, PA | $15.50 | $186.00 |
| Jefferson County, PA | $15.45 | $185.40 |
| Juniata County, PA | $15.77 | $189.20 |
| Lackawanna County, PA | $15.65 | $187.80 |
| Lancaster County, PA | $14.07 | $168.80 |
| Lawrence County, PA | $16.33 | $196.00 |
| Lebanon County, PA | $14.63 | $175.60 |
| Lehigh County, PA | $15.20 | $182.40 |
| Luzerne County, PA | $15.23 | $182.80 |
| Lycoming County, PA | $14.83 | $178.00 |
| McKean County, PA | $15.62 | $187.40 |
| Mercer County, PA | $16.02 | $192.20 |
| Mifflin County, PA | $15.45 | $185.40 |
| Monroe County, PA | $16.27 | $195.20 |
| Montgomery County, PA | $17.50 | $210.00 |
| Montour County, PA | $15.28 | $183.40 |
| Northampton County, PA | $15.08 | $181.00 |
| Northumberland County, PA | $15.48 | $185.80 |
| Perry County, PA | $15.58 | $187.00 |
| Philadelphia County, PA | $24.87 | $298.40 |
| Pike County, PA | $15.87 | $190.40 |
| Potter County, PA | $15.40 | $184.80 |
| Schuylkill County, PA | $15.92 | $191.00 |
| Snyder County, PA | $15.47 | $185.60 |
| Somerset County, PA | $15.57 | $186.80 |
| Sullivan County, PA | $15.37 | $184.40 |
| Susquehanna County, PA | $15.77 | $189.20 |
| Tioga County, PA | $14.95 | $179.40 |
| Union County, PA | $15.32 | $183.80 |
| Venango County, PA | $15.63 | $187.60 |
| Warren County, PA | $15.53 | $186.40 |
| Washington County, PA | $15.13 | $181.60 |
| Wayne County, PA | $16.37 | $196.40 |
| Westmoreland County, PA | $14.92 | $179.00 |
| Wyoming County, PA | $16.03 | $192.40 |
| York County, PA | $14.50 | $174.00 |
What Does Renters Insurance Cover in Pennsylvania
The standard renter's insurance provides you with basic liability, covers your personal belongings, and additional living expenses in the event of a covered loss. There are two main types of coverage when it comes to your personal belongings: actual cost value and replacement cost. Actual cost value repairs or replaces your items for their original value minus depreciation, Which means if, for example, you paid $2000 for your computer 5 years ago, you will not get $2000 but rather the value of what your 5-year-old computer is worth today. On the other hand, replacement cost coverage will replace your lost or damaged items without factoring in depreciation. Personal liability coverage protects you when you are found responsible for property damage or when a claim is brought against you for causing injury. Loss of use coverage covers additional living expenses that you incur should your rented home become uninhabitable due to a covered event. These additional living expenses include hotel bills or meals you need to buy from having to live outside your home. You can also purchase additional insurance to your renter's insurance if you have items of high value that go beyond your policy's limits. Pennsylvania is one of the states with the highest risk of earthquakes, so other insurance add-ons that may be worth the money is earthquake insurance.
Best Renters Insurance Companies in Pennsylvania Based on Consumer Ratings
Now you have a general overview of the value of renters insurance, what it covers, and what it might cost – but what are the best renters insurance companies in Pennsylvania? More than 37% of Pennsylvanians rent instead of own their homes, so there are many renters insurance providers to choose from in Pennsylvania. To find some of the best renters insurance companies, you can look at trusted rating systems like those from JD Power and NAIC. JD Power rated State Farm a 4 out of 5; State Farm is renowned for its customer service, broad coverage options, and competitive pricing. State Farm also received an NAIC complaint ratio of only 0.2. USAA received the highest JD Power rating in the state with a 5, while Liberty Mutual, Nationwide, Chubb, and Travelers earned the lowest score at 2. Liberty Mutual also has one of the highest NAIC complaint ratios at 0.53. The renter's insurance provider with the lowest NAIC complaint ratio in Pennsylvania is Chubb insurance with 0.14. Comparing such metrics, in addition to considering what matters most to you in insurance coverage, can help you decide which provider to purchase your renter's insurance from.
Compare Renters Insurance in Pennsylvania for the Best Rates
Our advice for finding the most suitable renters insurance in Pennsylvania is researching different providers and comparing the quotes you receive. Consider what is most important to you in a renters insurance. Are you interested in extended coverage options, the most affordable costs, or perhaps other aspects? Different insurance providers offer different services, as well as variable discounts. Many providers, for example, offer multi-policy or bundle discounts for bundling your renter's insurance with your auto insurance. Loyalty discounts for long-term customers are also common, as are discounts for making your home more secure through the addition of burglar or fire alarms. Farmers are known for providing eco-friendly discounts for homes built using green materials. There are many more insurance premium discounts available, so always inquire about discounts that may be applicable to you when receiving quotes from renters insurance providers. Another saving option is increasing the deductible you pay. This will save you some money on your monthly insurance plan but do this cautiously. In the event of a loss, you are responsible for paying up to the deductible cost before your insurance coverage takes over. Keeping these tips in mind can help you on your search for the most suitable renters insurance provider in Pennsylvania for your needs.