Best Renters Insurance in Pennsylvania
In this guide, we review the top renters insurance companies in Pennsylvania and help you find the best policy for your home.
Pennsylvania renters insurance protects you from liability claims and covers your personal belongings if they’re damaged from destructive events.
To help you find the best renters insurance policy, Quartz Advisor Reviews Team wrote an all-inclusive review on renters insurance in the Keystone State. To see what companies offer the best coverage and learn how to buy a policy, keep reading.
3 Best Renters Insurance Companies in Pennsylvania
Here are the top providers of renters insurance in Pennsylvania.
- Toggle: Best for Flexible Pricing
- Allstate: Best Coverage Options
- State Farm: Best Endorsements
- Nationwide: Most Customizable Coverage
Toggle
Best for Flexible Pricing
Allstate
Best for Unique Coverage
State Farm
Best for Valuables Coverage
Nationwide
Best Coverage Customization
Our Conclusion
We recommend Allstate, State Farm, and Nationwide renters insurance to any renter in Pennsylvania looking for a policy because of their affordable and comprehensive coverage. Before buying a policy, we encourage you to get quotes from all three companies to see which works best for your home and budget.
Enter your zip code in the tool below or call 855-948-5219 to compare quotes from renters insurance providers in your area:
Compare Renters Insurance Companies
| Companies | Allstate | State Farm | Nationwide |
| Types of coverage | Personal property, loss of use, liability, medical payments to others | Personal property, loss of use, liability, medical payments to others | Personal property, loss of use, liability, medical payments to others, ordinance or law, building additions and alterations, credit card |
| Personal property coverage limits | $25,000–$150,000 | No limit | No limit |
| Liability coverage limits | $100,000, $200,000, $300,000, or $500,000 | $100,000, $300,000, $400,000, $500,000, $750,000 or $1,000,000 | $100,000, $200,000, $300,000, $400,000, or $500,000 |
| ACV or RCV | ACV or RCV | ACV or RCV | ACV or RCV |
| Monthly price | About $16 | About $12 | About $20 |
| Discounts available | 5 | 2 | 3 |
| Unique add-ons | Scheduled personal property, uninsured/underinsured motorist | Waterbed, computer | Limited water backup, additional insureds |
| Customer service | 24/7 | Hours vary by department | 24/7 for claims; limited for sales and service |
| BBB rating | A+ | A | A+ |
Pennsylvania Renters Insurance
You can expect to find these four types of coverage in your renters insurance policy:
- Personal Property Coverage: This part of your renters insurance covers your personal belongings. To determine how much of this coverage to buy, you should take an inventory of your belongings and estimate their value. Purchase at least that amount of coverage so that you won’t have to pay any replacement costs out of pocket when your items are damaged.
- Loss of Use Coverage: If a fire or other major event forces you out of your apartment for repairs, your policy will cover living expenses that exceed how much you usually pay. For example, your provider will cover the cost of a hotel room.
- Liability Coverage: Your insurance policy covers the costs associated with events that cause bodily harm to your neighbors or damage to their belongings if you’re responsible for the event. An example of this would be if your dog bites your neighbor and they need stitches.
- Coverage for Medical Payments to Others: If someone is injured in your home, your policy will pay for their medical bills.
How Much Does a Renters Insurance Policy Cost in Pennsylvania?
In 2017, Pennsylvania renters insurance cost an average of $158 for the year, according to the Insurance Information Institute. That’s about $13 per month, which was lower than the national average of $15 per month.
Factors to Consider Before Buying Renters Insurance
Consider these factors to find the best renters insurance for you and your home:
- Actual Cash Value (ACV) vs. Replacement Cash Value (RCV) Policies: ACV and RCV policies are two types of personal property policies. An ACV policy replaces damaged items based on their value today, while RCV policies cost a little more because they replace items based on their new value.
- Weather: Pennsylvania’s temperature drops in the winter, making several feet of snow common. This extreme weather can cause frozen pipes and damage from the weight of snow, sleet, or ice. Make sure that the policy you purchase covers these events so that you don’t have to pay out of pocket for the damage they cause.
- Budget: While Pennsylvania has lower than average renters insurance rates, certain providers can charge up to $30 per month, which may not be reasonable for someone on a tight budget. State Farm offers policies for as low as $7.58 per month.
- Discounts: Most insurance companies offer renters insurance discounts for bundling your renters insurance with auto insurance or homeowners insurance. You may also receive a discount for having certain safety features in your home, like security systems and fire alarms. To get the lowest rate possible, look at companies like Allstate and Liberty Mutual that offer a wide range of discounts.
Frequently Asked Questions
Is renters insurance required in Pennsylvania?
No. Renters insurance is not required by law in Pennsylvania, but certain property managers may require you to purchase liability coverage to help minimize their risks.
Can I get PA renters insurance online?
Yes. Most national insurance companies like the ones in this review offer an online renters insurance quote tool. After filling in your information and inputting the amount of coverage you want, it will give you a policy quote that you can buy on the spot.
What affects the cost of renters insurance in PA?
A variety of factors can affect the cost of your policy, including:
- Age: If you’re young and have less renting experience, a provider may charge you more money.
- Location: If you live in a state with a higher cost of living and higher risk of natural disasters, your policy may cost more.
- Claims History: If you have made a lot of insurance claims in the past, your renters insurance company may increase your rate, since you’re considered more risky to insure.
- Building: If your building is older, you may be charged more because systems and appliances are more likely to fail and cause damage that will require you to file a claim.
- Credit Score: If you have a poor credit score, your policy may cost more.
Our Rating Methodology
