Best Renters Insurance in Pennsylvania (2024)
Lemonade is the best renters insurance company in Pennsylvania, due to its low rates and great customer satisfaction score.
- Assurant is the state’s best company for renters insurance coverage options.
- Amica and Progressive have the best renters insurance discounts.
Cheapest renters insurance companies in Pennsylvania
State Farm isn’t far behind, though, with an average monthly rate of $11.
Both companies offer more than just cheap rates, though — they also have great customer satisfaction scores. Plus, State Farm also offers a good selection of discounts.
| Company | Monthly rate | Annual rate |
|---|---|---|
| Lemonade | $8 | $96 |
| State Farm | $11 | $132 |
| Allstate | $15 | $180 |
| Progressive | $16 | $192 |
| Amica | $17 | $204 |
| Assurant | $21 | $252 |
| Farmers | $29 | $348 |
To find the best and cheapest insurance for your rental home, compare renters insurance quotes from several companies before you buy.
Best renters insurance companies in Pennsylvania
Lemonade has the lowest renters insurance rates and best customer satisfaction rating. Assurant has the best add-on coverages, while Amica and Progressive offer the best discounts.
Best for cheap renters insurance: Lemonade
This is 27% cheaper than the next-best company, State Farm. And it’s 53% cheaper than the state average renters insurance rate of $17 a month.
However, Lemonade offers fewer coverage options and discounts than the other renters insurance companies we surveyed in Pennsylvania. If either are important to you, get quotes from other insurers as well. The slightly higher cost may be worth the added benefits.
Best coverage options: Assurant
It offers more add-on coverages than any other company we surveyed in the state
, and also offers some nice standard coverages.You can add these optional coverages to your policy when you buy renters insurance from Assurant:
- Earthquake
- Identity fraud expense
- Pet damage
- Rent protection
- Scheduled personal property
- Water sewer backup
Assurant’s standard renters insurance policy covers belongings that are damaged by dry rot, fungi or mold. Depending on where you live, it may also cover bed bugs, food spoilage and added living expenses tied to flooding.
Best discounts: Amica and Progressive
Amica and Progressive are great companies for this, as they offer more discounts than any other insurer we surveyed.
Both companies have renters insurance discounts for:
- Bundling more than one type of policy with them
- Receiving bills and policy information electronically
Amica also offers discounts for:
- Being a customer for at least two years
- Not filing any claims in the last three years
- Paying your bill using automatic deductions
Progressive customers can also get discounts for:
- Getting a quote from them at least three days before your policy starts
- Living in a gated or secured community
- Paying your policy in full up front
Best for customer satisfaction: Lemonade
This rating, from J.D. Power, is based on areas like price, policy offerings, the billing process and claims.
How much is renters insurance in Pennsylvania?
You might pay more or less than this amount for a renters insurance policy in Pennsylvania based on several factors, such as:
- Where you live in the state
- Types and amounts of coverage you buy
- Deductible you choose
- Value of your belongings
Pennsylvania renters insurance cost by city
Renters in Scranton and Reading pay the cheapest renters insurance rates among Pennsylvania’s biggest cities. The average cost in both cities is just $16 a month.
Philadelphia is the most expensive city in Pennsylvania for renters insurance. Its average rate is $22 a month, 38% higher than the average in Reading and Scranton.
| City | Monthly rate | Annual rate |
|---|---|---|
| Abington | $17 | $204 |
| Allentown | $19 | $228 |
| Bensalem | $17 | $204 |
| Bethlehem | $18 | $216 |
| Erie | $17 | $204 |
| Philadelphia | $22 | $264 |
| Pittsburgh | $17 | $204 |
| Reading | $16 | $192 |
| Scranton | $16 | $192 |
| Upper Darby | $18 | $216 |
What does renters insurance cover in Pennsylvania?
Personal property
The personal property portion of your renters insurance policy covers all of your “stuff.” This usually includes:
- Artwork
- Clothing
- Jewelry
- Electronics
- Furniture
If events like fire, lightning, vandalism or theft damage or destroy any of these belongings, your policy will pay to repair or replace them.
Personal liability
This coverage helps protect you if someone is injured, or if their belongings are damaged, while visiting your rental home. This can include legal fees and court costs.
Additional living expenses
Also called loss of use coverage, this can help pay some of the extra expenses that may come up if your rental unit is damaged and you need to relocate for a while. It often covers:
- Hotel costs
- Higher food, laundry and transportation bills
- Moving fees
- Pet boarding
- Storage rental
Do I need renters insurance in Pennsylvania?
As is true in most states, landlords can require renters insurance as part of a rental or lease agreement in Pennsylvania.
Landlords who require renters insurance usually do so to protect themselves from tenants damaging the building or their unit. They also do it to protect themselves against liability claims and needing to cover relocation costs if something causes the property to become unlivable.
We recommend getting renters insurance even if your landlord doesn’t require it.
- It protects you from liability claims, too, if you damage the building or if someone is injured while visiting you.
- It covers your possessions – including clothing, electronics and furniture – from damage or destruction. Your landlord’s insurance policy won’t cover these items.
Frequently asked questions
The best company for cheap renters insurance in Pennsylvania is Lemonade. Its average rate is $8 a month, or $96 a year.
The best renters insurance company for you will depend on several factors.
- Lemonade is the best renters insurance company for low rates and customer satisfaction.
- Assurant is the best company for coverage options.
- Amica and Progressive offer the most renters insurance discounts.
You should get enough renters insurance to protect your personal belongings and assets.
- To calculate how much coverage you’ll need for your belongings, make an inventory that includes the estimated value of each item.
- To figure out how much coverage you need to protect your assets, add up the value of your possessions (like your car), your savings and even things like retirement accounts.