7 Best Renters Insurance Companies in Pennsylvania of 2022
Renters insurance is a type of policy that the tenant can purchase to cover theft and damages to their personal property.
The property’s insurance only handles damage and loss done to the building.
Your landlord may require you to purchase renters insurance before moving in, so read the lease carefully.
Pennsylvania experiences the elements of all four seasons, so it is important to make sure your home is protected at all times.
Renters insurance will cover your property if there is damage due to a storm but also protects your personal belongings should your home suffer a burglary, fire, etc.
We did the work for you, including both smaller and larger rental insurance companies. Focusing on cost, coverage, and customer service, we were able to narrow the list down to the best renters insurance companies in Pennsylvania.
Best Renters Insurance Companies in Pennsylvania
- Lemonade: Best Overall Renters Insurance in PA
- Liberty Mutual: Best for Customization
- Allstate: Best Coverage
- State Farm: Best for Comprehensive Coverage
- USAA: Best Renters Insurance in PA for the Military
- Progressive: Best for Discounts
- Farmers Renters Insurance: Best Experience
Lemonade: Best Overall
- Insurance claims are processed at record speed.
- Available in 29 states.
Lemonade is one of the newer insurance providers out there. Even being relatively new, this technologically forward company has already proven itself and is quickly gaining popularity.
Lemonade makes things convenient and user-friendly for both the younger and older generations. Customers can easily file a claim, receive customer support, purchase a policy, view your policies, and more through their app and website.
There are basic policies that Lemonade provides for only $5 a month, but you can also purchase more extensive options as well.
One of the best perks about Lemonade is their philanthropic side, aka the Lemonade Giveback. Lemonade takes a flat fee for themselves and lets you choose which charity they should donate the remainder to.
Lemonade provides many pros, such as being convenient, technologically advanced, affordable, and more. It is also an added benefit that they donate a certain amount to charity as well.
Cons of Lemonade include not being able to contact a live person, not being able to bundle with auto insurance, and not being available nationwide.
Lemonade Renters Insurance Pros & Cons
- Any remaining money leftover from claims gets donated to a charity of your choice.
- User friendly.
- Affordable basic plans.
- Customer support is digital; no live agents available.
- Only offers one type of discount.
- Available in limited locations.
Lemonade Renters Insurance Discounts
The only discount that Lemonade provides is a bundling discount (this goes for all of Lemonade’s policies, not just renters). You can shave off about 10% of your monthly premium by purchasing multiple policies.
- Bundling Discount: Purchase multiple policies to save up to 10%.
|J.D. Power (out of 1,000)||853|
|NAIC Complaint Index||1.94|
Liberty Mutual: Best for Customization
Liberty Mutual is one of the more well-known companies on this list. They allow you to keep what you want and remove the unnecessary. Some standard coverage options include medical expenses, extra living expenses, and personal property liability coverage.
Additional extras include coverage for: replacement cost, identify fraud, water & earthquake damage, and more. The fun part is creating the perfect policies for you.
Liberty Mutual provides several discounts and allows you to bundle your policies for even more savings. Liberty Mutual also provides a multitude of tools (such as an in-depth coverage calculator) to help you save with their high-rated app.
Their traditional policy does not include coverage for natural disasters, so these policies must be bought separately.
Read a full Liberty Mutual home insurance review.
Liberty Mutual Insurance Pros & Cons
- Has a high-rated app full of tools to help you save more.
- Provides customers the convenience of managing and tracking their claims via a computer or mobile app.
- Offers several discounts to help you save even more.
- Their traditional policy does not cover natural disasters such as floods and earthquakes - these must be purchased additionally.
- Customer service is not local; all representatives are in call centers nationwide.
Liberty Mutual Renters Insurance Discounts
There are a few different Liberty Mutual discounts that you may be eligible for. These include online purchase discounts, multi-policy discounts, and preferred payment discounts.
- Online Purchase Discount: Earn a discount by purchasing your policy online. You will receive the discount once you complete your purchase.
- Multi-Policy Discount: One of their most popular discounts is their multi-policy discount. Simply purchase more than one policy to receive a discount.
- Preferred Payment Discount: Save time and money by registering for automatic payment and linking it to your bank account.
|J.D. Power (out of 1,000)||834|
|A.M. Best - Financial Strength Rating||A|
|NAIC Complaint Index||2.37|
Allstate: Best for Coverage
Allstate’s renters insurance policy has the basic coverage that most companies provide, such as coverage for your belongings, liability, and medical coverage if someone gets hurt on your property.
If you need to move out of your home due to a natural disaster, Allstate will go one step further and will cover hotel and restaurant fees. The best part is that there is no maximum on the dollar amount that can be spent; however, there may be a 12-month max.
Allstate’s standard policy includes coverage for additional living expenses in case you need to leave your home due to a natural disaster.
Read a full Allstate renters insurance review.
Allstate Renters Insurance Pros & Cons
- Allstate’s website is helpful and resourceful.
- You will have coverage for additional living expenses since your standard policy includes it.
- Requires a higher premium for replacement cost coverage.
- Their basic policies do not include coverage for earthquakes or floods.
What are the Discounts for Renters Insurance?
Discounts are essential, and Allstate luckily offers plenty. Depending on your location, you may qualify for several discounts, including multi-policy and claim-free discounts. Make sure to research your policies thoroughly so you don’t miss out on lowering your renters insurance premium.
- Multi-policy: Save money each time you purchase an additional policy.
- Claim-free discount: You may be eligible for a discount if you don’t have a history for filing claims.
- Discount for safety devices/services: This includes fire alarm systems, security systems, etc.
|J.D. Power (out of 1,000)||837|
|A.M. Best - Financial Strength Rating||A+|
|NAIC Complaint Index||2.05|
State Farm: Best for Comprehensive Coverage
State Farm is one of Pennsylvania's leading providers of renters insurance, offering comprehensive coverage at a competitive price. In addition to personal belongings, State Farm's renters insurance policy also covers loss of use, personal liability, and medical payments.
So if you're looking for comprehensive renters insurance coverage in Pennsylvania, State Farm is a great option to consider.
They also have a wide range of deductibles, so you can customize your policy to fit your needs.
State Farm stays up to date with their high-rated mobile app. You can contact your agent and file/track claims digitally.
See a full State Farm renters insurance review.
State Farm Insurance Pros & Cons
- High rated mobile app for optimal customer service.
- Wide selection of discounts.
- Only provides two discounts to customers.
- Average customer satisfaction.
State Farm Renters Insurance Discounts
State Farm provides two discounts for renters insurance. The discounts they offer are multiple policy discounts and home protection device discounts.
- Multiple policy discount: Bundle with renters insurance and a State Farm auto insurance policy.
- Home protection device discount: You receive a discount if your rental has safety features such as deadbolt locks, alarm systems, fire safety equipment, and more.
|J.D. Power (out of 1,000)||836|
|A.M. Best - Financial Strength Rating||A++|
|NAIC Complaint Index||1.77|
USAA: Best Renters Insurance in PA for the Military
Families of the military should look into USAA, especially when it comes to renters insurance. These policies are affordable and provide extra coverage specific to military members.
Their standard policy includes flood and earthquake coverages. They also boast about themselves when it comes to their replacement cost coverage policy. This policy will pay you enough money to replace the stolen item.
The idea of USAA was originally launched to serve members and their families of the armed services. USAA is selective with its customers because its aim is to provide the best customer service available.
USAA strives to make its services as accessible and affordable as possible. However, they are specific on who they allow as a member.
There are no monthly maintenance fees, which helps keep things affordable.
USAA Renters Insurance Pros & Cons
- Zero monthly maintenance fees.
- Free ATMs nationwide and provides refunds on ATM fees.
- Requires affiliation in the military.
- Extremely limited access to live branches.
|J.D. Power (out of 1,000)||886|
|A.M. Best - Financial Strength Rating||A++|
|NAIC Complaint Index||0.88|
Progressive: Best for Discounts
Progressive is one of the industry's most well-known and prominent insurance companies. They offer deep discount offerings in a multitude of ways. Definitely research your progressive discounts, as some of the policies can be expensive on their own.
Pros include a large library of discounts, while the major con is that some of Progressive’s policies can be expensive without a discount.
Progressive Renters Insurance Pros & Cons
- Plenty of discount options.
- 24/7 customer service. Customers can contact via phone, web portal, app, or online chat.
- Requires your SSN for you to get a quote.
- Extra fees to start coverage are included in the down payment. Because of the additional fees, the first month of coverage is expensive.
Progressive Renters Insurance Discounts
Progressive teams up with third-party insurers to provide renters insurance.
Progressive offers several different ways to save, with discounts for pretty much anyone. You can also check to see if a competitor offers the same coverage at a lower price. Also, don’t forget the infamous “Name Your Price” tool.
Since there are so many discounts, make sure to read the fine print. If you don’t read up on the discounts first, you may miss out on a deal. For example, you can receive a discount by going paperless with communication, but you can only do it while applying for a quote.
- Paperless: Save money just by switching from paper to digital communication.
- Living in a secured or gated community: By living in a secure property, you are showing Progressive that you keep your property safe.
- Paid in full: Save even more money when you front the cash for the annual policy.
|A.M. Best - Financial Strength Rating||A+|
|NAIC Complaint Index||1.66|
Farmers Renters Insurance: Best Experience
Farmers renters insurance is available in 39 other states besides Pennsylvania and is a well-known and trusted company. With over 90 years of experience, Farmers is known for its low deductibles and original discounts.
The basic insurance policy includes the main four basic types of coverage: cover for the cost of living somewhere else while your home is undergoing construction following a covered claim.
With over 90 years in the industry, Farmers brings plenty of knowledge and experience to its customers. The cons lie in the coverage options, where you can only add one additional option.
Farmers Renters Insurance Pros & Cons
- Over 90 years of experience.
- Provides deductibles as low as $100.
- Only one add-on coverage option available.
- The online quote tool doesn’t explain the coverage option or limits very well when filing a claim.
Farmers Renters Insurance Discounts
Depending on your location, you may or may not qualify for specific Farmers renters insurance discounts.
- Non-smoking policy discount: Receive a discount for not having anyone smoke on your property for at least two years.
- Multi-policy discount: Purchase an additional policy to your renters insurance, and you can qualify for a discount.
- Discounts for emergency personnel: If you are a police, firefighter, doctor, etc., then you can receive a special discount.
|J.D. Power (out of 1,000)||831|
|A.M. Best - Financial Strength Rating||A|
|NAIC Complaint Index||0.56|
We thoroughly researched 13 of the state's top renters’ insurance companies and narrowed the list down to those that operated in Pennsylvania.
We rated them on criteria that included ease of use, ratings, financial strength, customer, and affordability.
How We Picked the Best Renters Insurance Companies in PA
Finding the right renters insurance company for you depends on your personal interests and needs. Some customers may be searching for a basic cut-and-dry policy, while others may require a most customizable approach.
We were looking for three important factors: cost, policy coverage, and customer service.
Renters insurance is supposed to give you security, not weigh you down with fear of your next bill. Insurance providers with low premiums or plenty of options to lower your premium ranked higher on the list than others.
If the insurance cost is too hard for you to keep up with, you may want to invest in a safe or safety deposit box until you can afford to keep your belongings safe.
It was important that the company has a wide range of policy coverages to help accommodate your needs. Everyone is different in Pennsylvania, and that includes insurance companies.
We looked at standard coverage options and add-ons to ensure that you can feel your safest, no matter your preference.
You can have a great insurance company, but it becomes almost useless if the customer service is horrible. It was critical that the companies had convenient and accessible service, with bonus points for those who had mobile apps and round-the-clock service.
We've researched and compared the renters insurance quotes and averages in cities such as Philadelphia, Pittsburgh, Allentown, Erie, Reading, and more.
Why Do You Need Renters Insurance?
While renters insurance is a great idea to have to protect your personal belongings, there typically is not a bank requiring you to purchase one.
Unlike home insurance, where a lender typically requires a policy, renters insurance is not usually mandatory.
However, some landlords will ask their tenants to purchase a renters policy as a condition of their lease.
Even if they do not, a renters policy is the best way to protect your personal property and your personal liability.
This can be especially true if you own an animal like a dog.
What Does Renters Insurance Cover?
Renters insurance will primarily cover your personal belongings, which is typically why it gets purchased.
However, a renters policy can cover a lot more than that. Let us start with the basics.
Because you do not own the building you live in, it is unnecessary to cover the structure itself.
Any loss that occurs to the building will be the homeowner’s responsibility to replace or repair.
The landlord will not cover any of the tenant’s contents, such as their furniture, electronics, housewares, clothing, etc.
Therefore, it is the tenant’s responsibility to handle any replacements in the event of a loss.
You may not think a loss will happen to you or that you can deal with any consequences if you do.
But consider some catastrophic scenarios that could cause you to lose all of your personal property in one fell swoop.
Things like fire, theft, water damage, or lightning are all events that could occur and cause you to lose a majority of your belongings at once.
Luckily, these are all events that are covered under a renters policy.
Renters policies will also provide coverage for vandalism, wind, hail, or smoke.
Most renters policies will allow you to choose the amount of personal property coverage you would like to carry on your renters policy.
The best way to determine what amount of coverage you may need is to consider all your personal property.
If you were to flip your home upside down somehow, everything that would fall out would be considered your personal property.
It includes furniture, electronics, dishes, silverware, bedding, knick-knacks, home decor, and other furnishings.
An excellent place to start is usually with about $10,000 worth of coverage and either increasing or decreasing from there.
Just be aware that some companies may require a minimum personal property coverage limit.
It is also important to note that most renters policies have special limits of liability for certain types of personal property.
These special limits mean that the insurance company limits how much they will pay for certain items.
For example, theft of jewelry and watches is typically limited to $1,500. So if you own a piece of jewelry worth more than that and it gets stolen, the most you would get would be $1,500.
Luckily, there is an option to schedule some of your personal property. Scheduling means that you list these items separately on your policy and insure them for their actual value.
The benefit to scheduling certain items is that you are also insuring them on an “all-risk basis,” which means that you are covered for anything that could happen to them, as long as it is not explicitly excluded.
Your personal belongings are not the only things covered for certain events under a renters policy.
A renters policy will also provide loss of use coverage and liability protection.
Loss of use coverage pays for any additional living expenses you may incur due to a covered loss.
For example, if your apartment has a fire and you need to live in a hotel for a few weeks until your place is once again habitable, this coverage will pay for you to do so.
Personal liability is another essential coverage provided by a renters policy.
Liability will cover any bodily injury or property damage for which you are legally responsible.
A great example of this type of loss is a dog bite. If you have a dog and the dog bites someone or accidentally knocks someone down, your liability coverage on a renters policy will pay for their injuries.
Since lawsuits can be financially devastating, the liability coverage provided by a renters policy is worth every penny.
Most renters insurance companies offer liability limits starting at $100,000, and some may offer up to $1,000,000 worth of coverage.
That is a lot of coverage for not that much money!
What Will Renters Insurance Not Cover?
As much as a renters policy will cover, there are some exclusions or things it will not cover.
For starters, a renters policy is meant for a tenant, not a homeowner. Therefore, the building itself will not be covered under a renters policy.
A renters policy will also not cover things like built-in appliances, such as water heaters or furnaces, since those are typically the homeowner’s responsibility.
There are also certain events that a renters policy will not cover.
These events include flooding, earthquakes, intentional damage, and normal wear and tear.
However, flood insurance is a separate policy you can purchase to protect yourself from floods.
Lastly, a renters policy will not cover any roommates. If you live with other people, they will need to get their own policy to cover their belongings.
How Much Does Renters Insurance Cost?
Renters insurance is very affordable compared to the amount of coverage it provides.
On average, tenants in Pennsylvania can expect to pay $170 annually for a renters insurance policy. And this amount can obviously vary depending on the coverage selected.
The amount you pay can also depend on factors such as where you live, your prior claims experience, credit score, and the specifics of the space you rent.
How Can You Save Money on My Renters Insurance?
You can do a few things to save money on a renters insurance policy.
The first is to combine any other insurance policy with the same company. An auto policy, for example, could be added to your renters insurance policy.
Many companies offer multi-policy discounts, which can help lower the price of each policy you have with them.
Secondly, you can look at carrying a higher deductible. A deductible is your out-of-pocket expense for any insurance loss.
If you have a $100 deductible, for example, and you had to file a claim, you would pay the first $100, and your insurance company would pay the rest.
The higher the deductible you choose, the lower the price your policy will be. A standard deductible is about $500 but can be increased up to $2,500.
Another way to potentially save money on your renters policy is to improve your credit score.
Many insurance companies will use a credit-based insurance score to rate your policy. The better your score, the less risky companies perceive you to be, so your price will be lower.