Best condo insurance companies in Pennsylvania

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State Farm is the best insurance company in Pennsylvania for condo insurance, earning a top score of 5 in the Insure.com analysis of rates and third-party ratings. This insurer charges an average of $284 per year, or $24 a month.

The cheapest condo insurance company in Pennsylvania, on average, is State Farm.

Of course, State Farm might not be the best insurance company for you. To find the right policy at the best price, it is important to shop around and compare quotes from a number of providers.

In addition, you want to choose an insurance company that has a strong reputation and that is financially stable.

Compare the best condo insurance companies in Pennsylvania

Here is a list of the best insurance companies in Pennsylvania based on Insure.com’s analysis of rates and third-party ratings from AM Best and the National Association of Insurance Commissioners (NAIC).

How much does condo insurance cost in Pennsylvania?

The average cost of condo insurance in Pennsylvania is $657.

However, that is just an average. How much you pay will depend on the insurance company you choose, your own insurance needs and other factors, including where you live and where your condo is located.

It is also important to avoid skimping on insurance just to save money. Talk to someone in your condo unit owners association so you understand exactly what the condo’s master policy covers and what you are responsible for insuring, says David Wojtusik, vice president and director, private client and professional athlete group at the Insurance Office of America.

“[Talking to the association] is a critical step in the process of securing insurance that most unit owners overlook,” Wojtusik says. “Without it, they may end up heavily underinsured and at risk of losing money in the event of a loss.”

Most affordable condo insurance companies in Pennsylvania

The price of condo insurance varies from company to company. On average, here are the insurers that offer the most affordable coverage in Pennsylvania.

Average cost of condo insurance in Pennsylvania by city

The city in which you live also impacts the price of condo insurance. Here is the average price for condo insurance in some of the largest cities in Pennsylvania.

Average cost of condo insurance in Pennsylvania by coverage level

The level of coverage you choose will help determine how much you will pay for condo insurance in Pennsylvania. Here is how much you can expect to pay depending on the amount of coverage you choose:

How to get the best cheap condo insurance in Pennsylvania

Shopping around for the right policy is the best way to get cheap condo insurance. Compare quotes from several providers to get the best deal.

Also, ask insurance companies about discounts they offer and whether you are eligible for them. Wojtusik says to tell the insurance agent about any protective features your unit has, such as central-station fire and burglar alarms, water shut-off systems, and fire protective devices.

Any or all of these features might help you get a discount on your coverage.

“Be sure to ask the condominium association or management company for a copy of the latest wind mitigation inspection, and provide this to the agent as well,” he says.

Wojtusik also recommends raising your deductible if you can afford to do so. This can lower your premium costs.

The bottom line: Best Pennsylvania condo insurance providers in 2024

Although State Farm earned the highest rating for condo insurance in Pennsylvania, the best insurance company for you is the one that provides the coverage you need at the best possible price.

So, shop around and compare quotes from a number of providers to make sure you get the best possible deal.

Methodology

Insure.com commissioned condo insurance rates from Quadrant Data Services for all 50 states and Washington. D.C. with coverage levels of $40,000, $60,000, $80,000 and $100,000 for personal property, $300,000 for liability and a $1,000 deductible. Rates were fielded across 34,588 ZIP codes from 145 companies.

To rank companies, we considered average annual rates at a coverage level of $60,000 for personal property (35% of score) as well as AM Best ratings for financial stability (30% of score) and NAIC ratings for customer complaints (35% of score).

What our expert says

Q: What should you know before buying condo insurance?

David WojtusikVice president and director, private client and professional athlete group at the Insurance Office of America.

"Talking to the association is a critical step in the process of securing insurance that most unit owners overlook. Without it, they may end up heavily underinsured and at risk of losing money in the event of a loss."

Chris Kissell

Contributing Researcher

 

 . .

Chris Kissell is a Denver-based writer and editor with work featured on U.S. News & World Report, MSN Money, Fox Business, Forbes, Yahoo Finance, Money Talks News and more.

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