Best & Cheapest Homeowners Insurance in Lancaster, PA June, 2024

Chubb offers the most affordable home insurance for homeowners in Lancaster, with an average yearly rate of $776.

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Updated: 05 May 2024
Written by
Bob Phillips
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In our comprehensive review of home insurance providers in Lancaster, Pennsylvania, Chubb emerges as the most budget-friendly option, offering an average annual rate of $776. However, it’s important to consider that the best insurer for you may depend on your specific circumstances and needs.

For instance, if you have a lower credit score, Travelers stands out as the most economical choice with an average annual premium of $1,888. On the other hand, if your home is older, State Farm offers competitive rates of $1,120 per year along with comprehensive coverage.

For owners of newly constructed homes, Chubb provides the most cost-effective solution at $621 per year. Additionally, for individuals with a history of claims, USAA offers an affordable and accommodating option at $1,224 annually.

Lastly, if you have a significant amount of personal property that needs protection, Nationwide offers extensive coverage at a reasonable rate of $926 per year.

Our thorough analysis at Insuranceopedia aims to help you find the perfect fit for your home insurance needs. By comparing customer ratings, examining personal experiences, and presenting comparison charts, we provide all the information necessary for you to make an informed decision.

How much is homeowners insurance in Lancaster, PA?

Chubb offers the lowest rate for homeowners insurance in Lancaster, with an annual cost of $776.

As illustrated below, the rates in Lancaster are lower than both the national average and the average rate in Pennsylvania.

Area Average Monthly Rate
National $1,820
Pennsylvania $1,368
Lancaster $790

It’s important to understand that insurance rates are not uniform and can vary significantly based on various factors.

Cheapest Homeowners Insurance in Lancaster, PA

Our Methodology

To find the most affordable home insurance rates in Lancaster, we analyzed data from multiple home insurance review sites. Some of these sites obtained rates from public filings provided by Quadrant Information Services. The average of these rates has been used for this review. However, it's important to note that each company's rates are subject to frequent changes and will vary based on your specific circumstances. Additionally, our overall rating also considers my subjective opinion, which is based on fifteen years of experience as a licensed insurance agent and over three decades of purchasing home insurance.

66

Quotes Analyzed

15+

Years Of Industry Experience

24

Brands Reviewed

40+

Research Hours

Cheapest homeowners insurance in Lancaster, PA

Chubb emerges as the most affordable option for homeowners insurance in Lancaster, PA, with an average annual rate of $776.

Company Annual Premium
Chubb $776
Allstate $799
USAA $814
Nationwide $880
State Farm $1,190

The cost of your insurance policy is influenced by factors such as your location, the value of your home, and your claims history. Chubb offers a good balance of affordability and comprehensive coverage, making it a suitable option for many homeowners.

Cheapest Homeowners Insurance If You Have Poor Credit

For homeowners with a poor credit score, Travelers offers the most budget-friendly option, with an average annual rate of $1,888.

Insurance Company Average Annual Premium
Travelers $1,888
USAA $2,560
State Farm $2,691
Allstate $4,038
Chubb $4,104

Your credit score is a significant factor in determining your insurance rates, as it is a key consideration for insurers when assessing risk. Travelers comprehends the importance of offering fair coverage to everyone, regardless of their financial history.

Cheapest Homeowners Insurance In Lancaster If You Have an Older Home

For homeowners with older homes, State Farm offers the most affordable rates, averaging $1,120 per year.

Insurance Company Average Annual Premium
State Farm $1,120
Nationwide $1,240
Progressive $1,270
Chubb $1,396
Travelers $4,861

Older homes often come with unique risks and maintenance challenges that can lead to higher insurance costs. State Farm addresses these concerns by offering competitive rates and comprehensive coverage specifically designed to meet the needs of older homes.

Cheapest Homeowners Insurance for Newly Constructed Homes

For owners of newly constructed homes, Chubb offers the most cost-effective option, with an average annual rate of $621.

Insurance Company Average Annual Premium
Chubb $621
USAA $652
Travelers $720
Nationwide $891
State Farm $1,006

Newly constructed homes often require different coverage compared to older homes, and Chubb excels in offering affordable policies specifically tailored to these unique needs.

Cheapest Home Insurance In Lancaster for a History of Claims

USAA provides an affordable option for homeowners who have a history of claims, with an average annual rate of $1,224.

Insurance Company Average Annual Premium
USAA $1,224
Allstate $1,480
Chubb $2,409
Nationwide $2,970
Travelers $5,260

A history of claims can be a concern for insurers and may lead to higher premiums. However, USAA believes in offering second chances and provides reasonable rates for individuals with past claims.

Cheapest Home Insurance Rates for Lots of Personal Property

If you have a significant amount of personal property, Nationwide offers the most affordable rates, averaging $926 per year.

Insurance Company Average Annual Premium
Nationwide $926
Travelers $929
USAA $1,003
Chubb $1,235
State Farm $1,354

As your personal property grows, so do your coverage needs, which may result in higher premiums. Nationwide provides comprehensive coverage at fair rates, ensuring that all your belongings are adequately protected.

Best Homeowners Insurance Companies in Lancaster, PA

Choosing the right homeowners insurance isn’t just about necessity; it’s a strategic decision. Lancaster homes, with their rich history, are as unique as the residents themselves. Therefore, finding an insurance provider that offers comprehensive coverage at competitive rates is crucial.

To make the decision-making process easier, we’ve compiled a list of the top homeowners insurance companies in Lancaster, PA. These companies have been assessed based on their annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Review our comparison chart below to find the ideal match for your home insurance needs.

Company Annual Premium
Chubb $776
Allstate $799
USAA $814
Nationwide $880
State Farm $1,190
Erie $850
Farmers $1,274
Travelers $820

Average Home Insurance Rates by Zip Codes

Home insurance prices in Lancaster, PA vary greatly depending on the zip code you’re in. Below are tables displaying the rates for different zip codes in Lancaster, including the cheapest and most expensive ones for yearly home insurance premiums.

ZIP Code Average Insurance Premium (Annual)
17601 $1,014
17602 $1,215
17603 $1,209
17611 $1,107
17605 $1,072
17606 $1,201

Cheapest Zip Codes

ZIP Code Average Insurance Premium (Annual)
17611 $1,107
17605 $1,072
17601 $1,014

Most Expensive Zip Codes

ZIP Code Average Insurance Premium (Annual)
17602 $1,215
17603 $1,209
17606 $1,201

Average Home Insurance Rates in Lancaster, PA by Deductible Amount

The deductible you choose for your homeowners insurance policy can significantly affect the premium rates in Lancaster, PA. Here’s how the average rates for home insurance change with different deductible amounts across different insurers:

Deductible Average annual cost
$500 $1,109
$1,000 $1,007
$1,500 $997
$2,000 $942
$5,000 $891

Average Home Insurance Rates in Lancaster, PA By Coverage Amount

A vital aspect that impacts your premium is the dwelling coverage amount, which is the maximum sum your insurance company will pay to rebuild or repair your home if it’s damaged or destroyed.

Now, let’s explore a comparison chart that shows the average annual premiums for different dwelling coverage amounts in homeowners insurance.

Dwelling Coverage Amount Average Annual Premium
$100,000 $560
$200,000 $837
$300,000 $1,124
$400,000 $1,430
$500,000 $1,823

Average Home Insurance Rates in Lancaster, PA by Company

Below is a comparison table displaying annual premiums from some of the leading providers in Lancaster:

Company Annual Premium
Chubb $776
Allstate $799
USAA $814
Nationwide $880
State Farm $1,190
Erie $850
Farmers $1,274
Travelers $820

How Much is Homeowners Insurance for Other Cities in Pennsylvania?

Here is a detailed comparison table showcasing the most affordable companies and their yearly premiums in different cities throughout Pennsylvania:

City Annual Premium
Allentown $644
Philadelphia $1,546
Pittsburgh $892
Gettysburg $653

Getting Online Homeowners Insurance Quotes in Pennsylvania

Platforms like Insuranceopedia streamline the process of finding the best coverage tailored to your needs. With quick online quotes from top-rated insurers, Insuranceopedia enables you to compare rates efficiently.

Just input your information, and we’ll do the rest, providing you with a range of options tailored to your requirements. This allows you to choose a policy that offers great value, balancing cost and comprehensive coverage.

FAQs

Who has the cheapest home insurance in Lancaster, PA?

Chubb provides the most affordable home insurance in Lancaster, Pennsylvania, with an annual premium of $776.

 

What is the average cost of home insurance in Lancaster, PA?

The average cost for homeowners insurance in Lancaster, Pennsylvania, is around $790 per year.

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