Average homeowners insurance cost in Erie, PA

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In Erie, homeowners pay an average annual rate of $1,840 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible), according to Insure.com’s rate analysis. It’s $664 less than the national average of $2,504.

Homeowners insurance rates change from one home to another. The home insurance premium in Erie depends on various factors, such as:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers, enabling you to find the right coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Erie, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Erie.

Key takeaways

The cost of your homeowners insurance policy in Erie can vary based on factors such as your location, the value of your home, and the coverage options you select.
Allstate is the cheapest homeowners insurance company in Erie with an average annual premium of $1,061.
If you increase your dwelling coverage from $200,000 to $300,000, you will pay $422 more, annually for home insurance.

Average homeowners insurance cost in Erie per month

According to Insure.com’s rate analysis, residents of Erie pay an average of $153 per month for homeowners insurance. This is $4 less than the state average of $157 and $56 less than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Erie can vary depending on your location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Erie

In Erie, PA, homeowners pay an average of $1,418 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as – natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas are higher, resulting in higher insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

Average homeowners insurance cost for a $300,000 house in Erie

As per rate analysis by Insure.com, homeowners residing in Erie typically pay an average of $1,840 annually to insure a home for coverage limits of $300,000 dwelling, $100,000 liability protection with a $1,000 deductible.

Your home insurance rates will be increased by $422 if you increase your dwelling coverage from $200,000 to $300,000. It is advisable to buy enough insurance sufficient insurance to cover the entire cost of rebuilding your home. However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Erie by Company

Among the carriers analyzed, Allstate is the cheapest homeowners insurance company in Erie. It’s average annual rate for Erie homeowners is $1,061. State Farm ranks second and Erie Insurance makes it to the third spot with an average annual home insurance rate of $1,302.

Before choosing a homeowners insurance policy, it is important to do some research on the company. Our experts have analyzed all the insurance companies across Erie and prepared a list of the cheapest home insurance providers. You can find below the Erie home insurance companies and their average annual premium.

Home Insurance Company	Annual rate
Allstate	$1,061
State Farm	$1,301
Erie Insurance	$1,302
Nationwide	$1,468
Farmers	$1,988
Travelers	$4,879
USAA*	$1,597

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Erie for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.