Best Home Insurance in Philadelphia

Best Home Insurance in Philadelphia

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If you’re looking for home insurance companies in Philadelphia that can save you thousands of dollars and give you peace of mind, consider our top picks.

A Philadelphia home insurance policy can help give you peace of mind for your home in the City of Brotherly Love. When unexpected incidents occur, from theft and vandalism to fire and hailstorms, you’ll want a homeowners insurance policy so you don’t have to pay thousands of dollars out of pocket.

In order to find the best home insurance in Philadelphia, you’ll have to do some research. There are many companies that provide coverage in the area, but they aren’t all equal in terms of coverage, reputation, and cost. Keep reading to learn more.

Philadelphia’s Top 4 Homeowners Insurance Companies The highest-rated homeowners insurance companies in Philadelphia include: 1. Allstate: Best Overall 2. Amica: Best Customer Service

3. Farmers: Most Customizable Coverage 4. Lemonade: Best Value The best home insurance companies in Philadelphia provide extensive coverage, a selection of optional endorsements, quality customer service, and affordable rates. Read on for our top picks for Philadelphia home insurance.

Compare the Best Home Insurance Companies See how the top home insurance companies in Philadelphia stack up on key metrics. *Cost may be calculated for homes of slightly varying values

Industry-Standard Coverage The majority of home insurance companies—including all of our top choices—offer six basic forms of coverage, including dwelling, other structures, personal property, loss of use/additional living expenses, personal liability, and medical payments to others. You can find a breakdown below.

1. Allstate Allstate, the second-largest home insurance company in the country, has a strong reputation and solid financial backing. It is ranked best overall for a variety of reasons, including its highly customizable coverage and 24/7 calls center. While many insurers allow 24/7 calls for claims, Allstate goes above and beyond by having customer service representatives on hand to answer all insurance questions and concerns.

Weigh the pros and cons of Allstate below.

Plans and Pricing of Allstate We received an instant quote for a new construction, single-family, roughly 2,200-square-foot home in Philadelphia valued at roughly $420,000. The monthly premium came out to $158.

Discounts Allstate offers a wide selection of discounts to help lower the cost of your monthly premium: Multi-policy Early signing Claim-free Home alarm Roof Smoke-free Storm shutter Homebuyer Easy Pay Plan Age 55 and retired

Welcome and loyalty

Allstate Endorsements You can find a sample of Allstate’s add-on coverage options below. Home insurance add-on protections can differ from state to state, so you’ll need to check your quote to find out which ones are available in your area.

2. Amica Amica offers accessible, easy-to-reach customer service. Its mobile app, available for both iPhones and Androids, allows you to make payments, as well as report and track claims. One standout feature is its Contractor Connection program, which can connect customers with vetted contractors within 24 hours. The program includes a five-year workmanship warranty.

Weigh the pros and cons of Amica below.

Plans and Pricing of Amica We received an instant quote for a single-family, new construction, roughly 2,200-square-foot home in Philadelphia valued at roughly $420,000. The monthly premium came out to $225.

Discounts Amica offers a range of discounts: Multi-policy Claim-free E-discount Autopay Loyalty Alarm system Automatic detection devices New and remodeled homes

Amica Endorsements Amica offers many options for add-on coverages.

3. Farmers Household name Farmers offers several key features that make it stand out from the pack. Its declining deductibles mean that each year your policy is active, Farmers will take $50 off of your deductible. With claims forgiveness, Farmers will waive the surcharge if you go five or more years claim-free. Combined with robust coverage, this placed Farmers on our top recommendation list.

Weigh the pros and cons of Farmers below.

Plans and Pricing of Farmers We received an instant quote for a new construction, single-family, roughly 2,200-square-foot home in Philadelphia valued at roughly $470,000. The monthly premium came out to $225.83 Discounts Farmers offers several discounts to reduce costs: Claim-free Non-smoking Multi-policy Protective devices New home Roofing materials

Farmers Endorsements Farmers offers some endorsements to help you round out your coverage.

4. Lemonade Lemonade is a newcomer to the industry that has made waves since its launch in 2015 with its technology-forward approach. With its easy-to-use mobile app, you can upload videos explaining your claims for fast service—and in almost a third of cases, the claims are handled instantly.

Lemonade is also a peer-to-peer provider that donates leftover premium funds to charity.

Weigh the pros and cons of Lemonade below.

Plans and Pricing of Lemonade We received an instant quote for a single-family, new construction, roughly 2,200-square-foot home in Eureka, California. The premium came out to $60.75, the most affordable rate we’ve seen. You can request a quote online to find out how much it would cost to cover your Philadelphia home.

Discounts Lemonade offers four discounts: Fire protection Protective devices Gated community Multi-policy

Lemonade Endorsements Lemonade offers a variety of add-on protections.

Our Conclusion We chose each of the top companies because of key factors that set them apart. Allstate is our best overall option, with a 24/7 call center and many customization options. Lemonade’s fast technology makes it convenient and efficient. Farmers’ deductibles and claims forgiveness are key perks, and Amica’s customer service option includes a handy mobile app.

Before you purchase a home insurance policy in Philadelphia, we recommend getting a free quote from all four providers to compare pricing and coverage.

Frequently Asked Questions How much is home insurance in Philadelphia?

This will depend on a variety of factors—the company you choose, the size and location of your home, the materials it was built with, how recently it’s been renovated or updated, and more.

What is the cheapest home insurance in Philadelphia?

This can vary quite a bit depending on your home’s size and value. In general, Lemonade has some of the cheapest costs in the nation, starting at $25 per month.

What other home insurance companies are available in Philadelphia?

We’ve shared our top choices but believe you should also consider Geico, USAA, and LIberty Mutual.

Our Methodology The This Old House Reviews team values accuracy, transparency, and trust. With that in mind, we created a thorough, objective rating system to score each home insurance company based on the following six factors: Coverage (30) State availability (7.5) Customer service (15) Technology (12.5) Reputation (20) Additional benefits (15) Our Reviews team has a full-time researcher who regularly updates datapoints from every company to help us compare them on key factors such as coverage, service, and dependability. Read more on our methodology here.

To share feedback or ask a question about this article, send a note to our Reviews team at reviews@thisoldhousereviews.com.