The Cheapest Pennsylvania Renters Insurance Companies 2020

If you’re a renter in the Keystone State, you’ll find renters insurance to be affordable, with the average premium costing you only $15 per month. That said, there are several factors to consider before buying a policy.

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    In this article

      The first thing to consider is how much renters insurance do you need? Your coverage amount should correlate with the value of the items in your apartment. To demonstrate, if you have a few valuable items such as clothes, electronics and small appliances, you could have a lower coverage amount. If you own high-end artwork, jewelry, musical instruments, electronics or collectibles, you’ll want more coverage.

      When searching for providers, there are several items you want to consider:

      • Reputation: Does the carrier deliver prompt customer service and claims processing?
      • Financial strength: Does the company have the financial strength to pay claims?
      • Affordability: Is the company the cheapest renters insurance in Pennsylvania for your needs?
      • Ease of use: Can you sign up for a policy online or do you have to go through a phone agent? How easy does the provider make it to file a claim?

      These questions can help you as you research renters insurance companies.

      Best cheap renters insurance companies in Pennsylvania

      To help you find the best of the best, we considered several factors. The first is cost, as we strived to identify the least expensive options available. In addition, customer satisfaction is a huge influencer in buying decisions. To help with this, we included ratings from the J.D. Power & Associate’s customer service satisfaction survey. Lastly, we also wanted to examine a provider’s financial health as this indicates their ability or inability to pay out claims.

      Here’s a look at the top renters insurance companies in Pennsylvania:

      • Cheapest renters insurance – State Farm
      • Best for seniors or those unaccustomed to buying renters insurance – Liberty Mutual
      • Best for college students – Nationwide
      • Best for military – USAA

      Here’s how the top four stack up based on their BBB grade, AM Best rating and J.D. Power score.

      ProviderJ.D. PowerBBB GradeAM Best rating
      State Farm5 out of 5A+A++
      Liberty Mutual2 out of 5AA
      Nationwide2 out of 5A+A+
      USAA5 out of 5N/RA++

      Cheapest Pennsylvania renters insurance – State Farm

      State Farm offers some of the best rates available with exceptional service. The company scores highest among providers in customer satisfaction, and getting a quote is simple through its website.

      J.D. Power Rating
      5/5
      AM Best Rating
      A++
      Standard & Poor’s
      AA
      SimpleScore
      4.2 / 5.0
      close
      SimpleScore State Farm 4.2
      Discounts 3
      Coverage Options 5
      Customer Satisfaction 5
      Support 4
      Accessibility 4

      State Farm was one of the best options available. It’s among the top providers in customer satisfaction, earning five out of five in J.D. Power’s survey. State Farm also has several options if you’d like to bundle a few insurance policies or get discounts.

      Best for seniors or those unaccustomed to buying renter’s insurance in Pennsylvania – Liberty Mutual

      Liberty Mutual makes the list for its responsive service. It earned an A grade with the Better Business Bureau, demonstrating its ability to resolve customer complaints.

      J.D. Power Rating
      3/5
      AM Best Rating
      A
      Standard & Poor’s
      A
      SimpleScore
      4 / 5.0
      close
      SimpleScore Liberty Mutual 4
      Discounts 5
      Coverage Options 4
      Customer Satisfaction 2
      Support 4
      Accessibility 5

      Unlike Nationwide, Liberty Mutual has a few more hoops you have to jump through to receive a quote. However, help is around the corner at any time, and Liberty Mutual can pair you with a local agent if you prefer to buy your policy in person.

      Because situations differ when buying renters insurance, here’s a look at which options would be best depending on your situation.

      Best for Pennsylvania college students – Nationwide

      Nationwide also has a great reputation, earning an A+ rating with the BBB. It also has a great app that makes it easy to manage your policy on the go and file claims quickly.

      J.D. Power Rating
      2/5
      AM Best Rating
      A+
      Standard & Poor’s
      AA+
      SimpleScore
      3.8 / 5.0
      close
      SimpleScore Nationwide 3.8
      Discounts 4
      Coverage Options 5
      Customer Satisfaction 2
      Support 4
      Accessibility 4

      Nationwide makes it easy to receive a quote online. With the mobile app, you’re connected to manage your policy anywhere you go. It’s simple, straight-forward and perfect for those who need to buy for landlord requirements.

      Best for military in Pennsylvania – USAA

      It’s not available for everyone, but if you or a family member is in the military, it’s the option that is most affordable and offers the best coverage.

      J.D. Power Rating
      5/5
      AM Best Rating
      A++
      Standard & Poor’s
      N/A
      SimpleScore
      3.8 / 5.0
      close
      SimpleScore USAA 3.8
      Discounts 2
      Coverage Options 5
      Customer Satisfaction 5
      Support 3
      Accessibility 4

      If you or a loved one is in the military, it’s hard to do better than USAA. It consistently earns the highest marks in customer satisfaction (5 out of 5 in J.D. Power’s survey), and it has some of the lowest rates available.

      Find the Best Renters Insurance in Pennsylvania

      Save money on renters insurance with our simple comparison tool.

      Matching you with providers.
      We found results in
      Click at least 2-3 companies to find the very best rate.

        America’s top-rated renters insurance

        • Policies starting at just $5/month
        • Sign up in seconds, claims paid in minutes
        • Zero hassle, zero paperwork

        Pennsylvania renters insurance FAQs

        It depends on the value of your items. If you have more valuable items, you’ll want more coverage to reimburse you should a covered event happen.

        State Farm is an excellent option to consider because it offers a good mix of value and exceptional service. If you’re in the military, there’s no better choice than USAA in terms of pricing and customer service. However, the cheapest company for you will be based on several individual factors. Get several quotes to see if there are less expensive options for you.

        If your apartment catches on fire and you can’t live there anymore, you’ll need someplace to live. Many renters insurance policies include loss of use coverage that provides financial assistance for temporary living expenses such as moving costs or hotel costs.

        Renters insurance is not a legal requirement, but many landlords require it to rent with them. Even if landlords don’t require it, renters insurance is an inexpensive policy to buy and could cover you if the unexpected happens.

        Methodology

        SimpleScore

        The SimpleScore is a proprietary scoring metric we use to objectively compare products and services at The Simple Dollar.
        For every review, our editorial team:

        • Identifies five measurable aspects to compare across each brand
        • Determines the rating criteria for each aspect score
        • Averages the five aspect scores to produce a single SimpleScore™

        Here’s a breakdown of the five aspect scores and their rating criteria for our renters insurance reviews.

        Why do some brands have different SimpleScores on different pages?

        To ensure the SimpleScore is as helpful and accurate as possible, we developed unique criteria for every category we compare at The Simple Dollar. Since most brands offer a variety of financial solutions, their products and services will score differently depending on what we’re scoring on a given page.

        However, it’s also possible for the same product from the same brand to have multiple SimpleScores. For instance, if we compare State Farm’s home insurance according to our criteria for the best home insurance, it scores a 3.8 out of 5. But when we compare State Farm according to the criteria for the best auto insurance, it scores higher, since the features the company offers can vary by the type of insurance.

        Discounts

        We awarded higher scores to insurance providers with more discounts available on their website.

        Coverage Options

        We gave providers with more renter insurance coverage options a higher score because they’re more likely to have a policy that best meets your needs.

        Support

        We awarded higher scores to renters insurance providers with the most channels for customer support.

        Customer Satisfaction

        We leveraged the J.D. Power Home Insurance Satisfaction Study℠ to see how customers rated their experience with each insurance provider. (If a provider wasn’t included in J.D. Power’s study, we skipped this aspect and averaged the four remaining aspect scores.)

        Accessibility

        We awarded higher scores to insurance providers that have more online and mobile features to easily manage your policy and claims.

        Sean Jackson

        Contributing Writer

        Sean Jackson is a creative copywriter living in Florida. He’s had work published with Realtor.com, theScore, ESPN and the San Francisco Chronicle. In his free time, Sean likes to play drums, fail miserably at improv and spend time at the beach.