The Best Cheap Renters Insurance in Pennsylvania
The best cheap renters insurance in Pennsylvania comes from Lemonade at $12 per month, or $139 per year.
That's 28% cheaper than the state average of $194 per year.
Compare cheap renters insurance options in Pennsylvania
Selecting a renters insurance provider involves choosing a company that has affordable rates, effective coverage and well-regarded customer service. We compiled data from 150 quotes sourced from across the state to help you find the best and cheapest renters insurance in PA for you.
Cheapest renters insurance in Pennsylvania
The cheapest renters insurance company in Pennsylvania is Lemonade, which sells policies for $12 per month, 23% less than the next-most affordable option.
The average cost of renters insurance in Pennsylvania is $16 per month, or $194 per year. This is cheaper than the average cost of renters coverage in the U.S., which is $215 per year.
Compare cheap renters insurance in Pennsylvania
On average, the most expensive insurer in the state is Farmers, where coverage costs $22 per month. That's 88% more expensive than the most affordable option, highlighting the value of shopping around.
Cheapest renters insurance companies in Pennsylvania
Methodology
Best renters insurance for most people: Lemonade
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Editor rating
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Average monthly rate
$12 ?
Pros and cons
Lemonade offers the best renters insurance in Pennsylvania for most people. It's the cheapest option by a considerable margin: You can purchase coverage for about $12 per month, or $139 per year — this is about 28% cheaper than the average cost of renters insurance in Pennsylvania.
There aren't many discount opportunities with Lemonade renters insurance, but you may be able to save if your home has security devices installed, including fire and burglar alarms.
One of the best aspects of Lemonade is a fast and easy online experience. You can lock in a policy in minutes, and the company offers near-instant claim payouts in some situations. However, because the company doesn't have offices, you will not be able to manage your policy with a dedicated agent.
Best renters insurance for complete coverage: Travelers
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Editor rating
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Average monthly rate
$16 ?
Pros and cons
Travelers renters insurance offers Pennsylvania tenants many ways to maximize their coverage. The company offers a large list of extra endorsements, and its base rates are reasonable as well.
The average rate for Travelers in Pennsylvania is $187 per year, about $7 per year less than the state average but $49 per year more than the cheapest option.
The biggest drawback of Travelers is its customer service. The company finished last in J.D. Power's claims satisfaction survey for renters. It received fewer complaints than an average company its size, according to the National Association of Insurance Commissioners (NAIC), but considerably more than some of its top competitors.
The biggest perk of Travelers renters insurance is you can improve a standard policy by a wide range of extra coverage options.
- Replacement cost coverage
- Water backup protection
- Coverage for malfunctioning electronic equipment
- Identity theft coverage
- Decreasing deductible of $100 per year
- Valuable items coverage
Best for customer service: Amica
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Editor rating
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Average monthly rate
$17 ?
Pros and cons
If strong customer service and peace of mind are something you value, Amica is a good option for you in Pennsylvania. The company receives few complaints, indicating that most customers are satisfied with their service.
Amica gets only about 12% of the complaints expected for an average company its size, according to the NAIC. It also received a strong rating from ValuePenguin's editors.
Customer service is important because a responsive company can help make things less stressful if something does happen to your rented home, and a dependable insurer can get things back to normal more quickly.
Amica's rate is higher than average at $207 per year, but that can be offset with a good set of discount options.
- Claim-free discount
- Bundling discount
- Automatic payment discount
- Loyalty discount
- Discount for receiving documents online
Another key drawback of Amica is the lack of physical local offices. So you will not have an agent you can speak to in your town or city.
Pennsylvania renters insurance rates: City by city
Among Pennsylvania's largest cities, State College has the lowest renters insurance rate at $168 per year.
The most expensive renters insurance in the state is found in the state's largest city. The average cost of renters insurance in Philadelphia is $23 per month, or $279 per year.
City | Average annual cost | Difference from state average (%) |
|---|---|---|
| Abington | $197 | 2% |
| Allentown | $206 | 7% |
| Altoona | $169 | -13% |
| Bensalem | $198 | 2% |
| Bethlehem | $198 | 3% |
Best renters insurance in Pennsylvania for customer service
Amica and USAA have the top-rated customer service in Pennsylvania, based on several weighted metrics.
Both companies received low scores in the NAIC's customer complaint index, which means customers file complaints at below-average rates. Each company also received a high score from ValuePenguin's editors. USAA also tops the J.D. Power annual survey for renters insurance customer satisfaction, but the company is only available to members of the military, veterans and some military family members.
Company |
Rating
|
|---|---|
| USAA | |
| Amica | |
| Lemonade | |
| Nationwide | |
| Farmers | |
| Allstate | |
| Travelers |
Coverage options: The policy features offered by renters insurance companies
A standard policy from your renters insurance provider should come with enough coverage that you don't necessarily need to purchase any additional endorsements. Typically, in addition to personal property protection, policies include liability coverage and money for expenses incurred if you were forced to leave your home. But you can also augment your policy for added security.
- Water backup coverage: Covers the costs of water damage stemming from malfunctioning drains.
- Identity theft protection: Companies offer proactive credit monitoring and case management services in the event your identity is stolen.
- Replacement cost coverage: Reimburses you for the full value of your lost or damaged property, without consideration of the depreciation of your property over time.
- Valuables plus: This perk allows you to increase your coverage for special types of property or individual items, such as jewelry or firearms.
Frequently asked questions
How much is renters insurance in PA?
Renters insurance costs around $16 per month in Pennsylvania. That's $2 less per month than the average cost of renters insurance nationally.
Who has the best renters insurance in PA?
Lemonade has the best renters insurance for most people in Pennsylvania. It offers the cheapest quotes in the state, at $12 per month. Lemonade also has a great website and app that makes it easy to buy a policy or file a claim.
Does PA require renters insurance?
The state of Pennsylvania doesn't require renters to have insurance. Your landlord or property management company may require you to buy a policy as a part of your lease agreement, though.
How much is renters insurance in Pittsburg?
Renters in Pennsylvania's second-largest city, Pittsburg, can expect to pay $21 per month for insurance coverage. That's 33% more than the state average. In comparison, people living in the largest city in the state, Philadelphia, pay $23 per month for the same coverage.
Methodology
We collected 150 quotes from across the state to find the best renters insurance in Pennsylvania. To compile this rate information, we used a sample profile. Our sample profile was a 30-year-old unmarried renter with no pets or roommates and no insurance history.
The rates we obtained reflect a policy with $30,000 of personal property protection, $100,000 of liability and $1,000 of medical payments to others. Where possible, our sample policies carried a $500 deductible. Your rates may differ from ours.
The cost of renters insurance in PA depends on multiple factors, which will likely differ for each individual. Qualities that could influence the price of your policy include your location, your own personal history of making insurance claims and the amount of coverage you're purchasing.
We evaluated the renters insurance companies in Pennsylvania by comparing each company's:
Affordability: The price renters might expect to pay for coverage. Coverage options: The quality of a company's standard coverage and its available add-ons. Customer service: An insurer's reputation for responding quickly and fairly to claims.
We evaluated customer service using three metrics in a weighted formula.
NAIC complaint index: The complaint index is a number the NAIC uses to represent how many complaints an insurer receives relative to its market share, or size. A typical number of complaints is conveyed by the benchmark 1.0. Companies that have a complaint index of more than 1.0 receive more complaints than expected.
J.D. Power U.S. Home Insurance Study - Renters Insurance: This survey was conducted by J.D. Power, focusing on the nation's largest renters insurance companies. After soliciting policyholder responses for characteristics like price, interaction and claims, J.D. Power ranked the companies according to overall satisfaction.
ValuePenguin editor's rating: ValuePenguin's staff evaluates insurance companies based on coverage options, rates, customer service and other factors to give you an overall picture of the insurer protecting your valued property.