Whether you live in Philadelphia, Pittsburg, or a more rural area of the state, Pennsylvania residents are like no others, and the history and the character of the state shine through every nook and cranny. Yet are those nooks and crannies fireproof or structurally sound? There are still problems, natural disasters, and crime in the state, which is why we think nearly everyone renting an apartment should get renters insurance. It can provide you with fiscal security no matter what might happen to your home, leaving you with many more options in the long run.
Here are the five cheapest renters insurance providers operating in Pennsylvania:
The Five Cheapest Quotes:
Since Pennsylvania is such a large state with such a diverse range of living situations and risks, every person may have an experience and get quotes that deviate somewhat from what you will read below. We focused on averages and general impressions, and we ask that you read with those things in mind.
The number listed next to each provider is the average annual rate for a standard policy.
1) Liberty Mutual: $151
The cheapest renters insurance provider in the state of Pennsylvania (for most people) and an option we consider excellent for most people, Liberty Mutual combines for Pennsylvania residents a low price (it normally isn’t this relatively cheap in other states) with a policy that has no real weaknesses alongside an easy online experience to get you back to other goals and tasks as soon as possible.
While there are many advantages to getting renters insurance from Liberty Mutual, the company doesn’t always get such great reviews when it comes to their other policies. As such, we advise caution if you want to bundle.
You can expect the following working with Liberty Mutual:
- The ability to get a discount via their partnerships with many workplaces and organizations.
- Optional coverages including identity theft, electronics, jewelry, high-value items, and water damage.
- A wide range of insurance options and products available if you need other types of coverage.
2) State Farm: $195
An inexpensive option not only in Pennsylvania but across the country as well, State Farm is another choice that can work as a general solution to your renters insurance needs, especially if you just would like to fulfill a requirement or don’t want to think too much about your policy in the future. They also might be the cheapest option, depending on where you live and what deals you can take advantage of.
Unfortunately, with State Farm, many customers don’t experience the best in customer service, so people with not much patience left might want to look elsewhere. Additionally, they either don’t offer or usually have poor water damage and flooding coverages, so people closer to Lake Erie or in a commonly flooded area will want to steer clear of State Farm.
You can expect the following working with State Farm:
- A loss-of-use plan that is one of the best available in the industry.
- Effective expensive items, electronics, and business property coverages.
- A customizable signup and onboarding process.
3) Allstate: $268
Another provider that can give you a strong all-around policy, albeit with a bit more specialization, Allstate is a simple and generally easy-to-use company that will provide you with tools and resources so that you can check problems for yourself. A massive and stable organization, you can rely on them to always be there if you need to file a claim.
Yet they aren’t perfect, and Allstate is lacking quite a bit in the customer service department. You also won’t be able to get as many customization options as offered by the next two companies listed here, but you’ll have to decide if that tradeoff is worth it.
You can expect the following working with Allstate:
- Excellent water damage and flooding policy options.
- Optional coverages such as water damage coverage, identity theft restoration, and additional business property coverage.
- Excellent bundling options, especially for auto insurance.
4) Nationwide: $288
Our fourth find is Nationwide, which differs from the previous providers primarily in the customization options available to its customers. While a bit on the more expensive side, with them you’ll be able to customize your level of coverage on certain groups of items. Further still, you’ll be able to customize your deductible, and as a result your annual rate.
What you should know before signing up, however, is that you might need these options, as some of their default coverages (like that for expensive items) are a bit lacking for the price tag. And that price tag has been known to get even higher in certain areas, so you might want to double-check your quote.
You can expect the following working with Nationwide:
- A free optional assessment each year to double-check whether you’re getting the best plan.
- Optional coverages which include earthquake protection, theft extension coverage, water and sewage damage, additional valuables coverage.
- A plan that will extend beyond the walls of your apartment to cover your possessions.
5) Farmers: $392
Farmers is indeed a steep jump in price from the other companies listed here, but you will get quite a bit more for your money. Farmers can provide customers with excellent customer service alongside customization options similar to those offered by Nationwide, including the ability to modify your deductible and the ability to further customize your coverages.
Yet despite their cost Farmers can still disappoint in some areas, particularly a few forms of coverage such as jewelry that might not be enough for people’s holdings. Additionally, despite being well into the information age, some customers have reported a subpar online experience and more bureaucracy and paperwork than they deserve.
You can expect the following working with Farmers:
- Optional coverages such as identity theft protection, pet damage protection, better liability coverage, and personal article floaters.
- Discounts for teachers, doctors, firefighters, and other professionals.
- An easy-to-work-with and knowledgeable customer service team
Thousands of people will need renters insurance in Pennsylvania this year, and with the right coverage you won’t need to start panicking should you be one of them. Whether it’s a fire, a flood, or something else entirely, a good policy is all you need to take control. But to take control then, you will need to take control now. We strongly encourage you to do further research on the companies listed here, make a shortlist, and get some quotes. Only you will be able to make the final choice, and we hope you make one that’s both effective and affordable.