Pennsylvania Renters Insurance

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Contributor, Benzinga
January 20, 2022

Did you know most of our readers prefer to work with Lemonade for their renters insurance needs?

Hauntings, history and Hershey’s — there’s no doubt that Pennsylvania boasts cultural and geographic diversity. The Keystone State is both quaint and cosmopolitan, and as the 6th most populous state in the U.S., it’s no doubt that Pennsylvania is a favorite place to call home. 

Rentals make up about 32% of the housing market in Pennsylvania. Renters insurance protects your belongings and your assets in the case of theft, weather damage and accidents. If you think you don’t have enough stuff to warrant insurance, think again. Clothing, shoes, bags, electronics, art and furniture all add up. 

Needing to replace all that is expensive. And, you want to protect your finances as well. Insurance does that. If someone accidentally hurts themselves at your home, insurance covers medical payments and offers a cushion.

Renters insurance is important, so let’s take a high-level look.

Best Renters Insurance Providers in PA

Take a look at this list of renters insurance companies and compare several quotes.

 1. Lemonade

Did you know most of our readers prefer to work with Lemonade for their renters insurance needs?

Lemonade renters insurance burst onto the insurance industry scene in 2015. Lemonade launched itself as “a tech company doing insurance, not an insurer doing an app.” Its fresh approach to a seasoned industry is good for customers.You can benefit from quick and easy online quoting, paperless options, buildable coverage and fast claims payment. Lemonade’s website boasts 90 seconds to get insured and 3 minutes to get paid on a claim. ConsumerAffairs.com and ConsumerAdvocate.org recommend Lemonade as a top choice.

Get Protection Now

Lemonade offers fast, easy coverage through their seamless application and claims process. Get personal property and liability protection with Lemonade Renters Insurance.

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2. State Farm

Ranked by J.D. Power as “among the best” in customer satisfaction for renters insurance, State Farm earns the best overall renters insurance in Pennsylvania. Access to quotes and policies is easily available online, over the phone or in person. Its standard coverage includes personal property, personal liability and loss of use.

You can amp up your coverage with many options to include additional liability, identity restoration and earthquake damage. Get a multi-policy discount by selecting State Farm for your auto, life or business insurance needs with your renters insurance.

3. Assurant

Assurant offers bang for your buck. For about $12 per month, you get personal property and liability coverage, replacement cost coverage and drain/sewer backup coverage. Assurant is financially stable and likely to be around longer than your need for coverage.

It also vows to keep your personal information safe as well as practice environmental responsibility. ConsumerAffairs.com lists it as a top renters insurance company. But, Assurant suffers from poor customer reviews. 

4. Liberty Mutual: Best for Making it Your Own

Liberty Mutual is like a tailor in the insurance industry. Choose what you need and want, cut what you don’t. Standard coverage includes personal property and personal liability coverage, additional living expenses (if you can’t live in your rental for a short stint), and medical expenses.

Coverage embellishments include identity fraud, home computer and electronics, replacement cost, jewelry, and water and earthquake damage. Rather than coverage that’s off-the-rack, you get to design your coverage to fit you.

Renters Insurance in Pennsylvania Overview

Renters insurance is not compulsory in Pennsylvania like auto insurance. But, renters insurance is a very good idea. And, you need to make sure that you’re getting the coverage that fits. 

Do you live alone? Have a family or live with roommates? If you live alone or with others, a regular renters insurance policy covers them as well as you. If you plan to have roommates, then you need to talk to your roommates and an agent to figure out the best way to take care of coverage. 

You also need to take inventory of your belongings and your finances. Get on your computer and start an Excel document listing all of your clothing, electronics, appliances, and accounts. You can get a solid list going while your binge-watching The Haunting of Hill House on Netflix.

Average Annual Renters Insurance Premiums

According to the Pennsylvania Insurance Department, you can secure renters insurance for as little as $15–$30 per month. Insurance carriers offer discounts that include:

  • Home safety features: Installing deadbolts, anti-theft devices like a security alarm or service, fire alarms and smoke detectors, and living in a gated community 
  • Smart home technology: Incorporating advanced systems
  • Non-smoking: Ensuring less fire and smoke damage 
  • Multi-policy/loyalty: Bundling with an insurance provider for your insurance needs 
  • Claims-free: Not filing a claim lowers risk score
  • Military personnel: Active or retired military personnel
  • Online discount: Enrolling online to save
  • AutoPay: Directly debiting from your bank account lowers your rate and saves
  • Paperless: A trend using less mail, less filing or shredding and promoting environmental kindness

Renters Insurance Coverage in PA Explained

Standard renters insurance coverage includes personal liability protection and personal property protection. Personal liability protection takes care of you via securing your money. Personal property protection takes care of your stuff. 

Personal liability protects you financially in case you accidentally cause damage. Say your skittish kitty is running for cover at the exact moment your friend is stepping back causing a trip, fall and noggin knock. Personal liability protects your assets and covers the medical claim should Rooney suddenly get nervous and bolt for safety. 

Personal property protection protects your stuff —  clothes, electronics, jewelry, kitchenware and books if they’re stolen or damaged by something like smoke, water or vandalism. That kooky neighbor above you who practices their line-dancing nonstop forgets that they were filling their tub. Surprise, water leaks through your ceiling and you now have a mini waterfall in your bedroom.

Water drenches your laptop, TV and new suede shoes. Personal property protection covers this and helps you secure replacement items so that you can continue writing, watching and walking. 

Most Affordable Cities in PA for Renters Insurance

  • Turtle Creek
  • Munhall
  • Schuylkill Haven

Most Expensive Cities in PA for Renters Insurance

  • State College
  • West Chester
  • Gettysburg

Find Your Fit 

Replete with scenic wonders, natural resources and storied history, Pennsylvania is a terrific place to call home. Even in the best of places, issues can arise. In case those issues arise in a rental, you need renters insurance. Renters insurance protects you when those “what if” scenarios become “that just happened?” realities.

Your neighbor leaves the faucet running and your living room resembles a water park. You’re covered. A friend unexpectedly stops by and is greeted by your dog’s nip. You’re covered. A tornado barrels through making your sleeping quarters like a campsite. You’re covered.

It’s always best to take steps to cover yourself for the trials life chucks at you. Choosing renters insurance is a matter of equipping yourself properly. Many renters insurance options exist. Figure out what you have, what you need and cannot do without, and what you can afford if something goes wrong. Do some research and get quotes. Then you’re ready to choose the renters insurance that’s best for you.

Get Protection Now

Lemonade offers fast, easy coverage through their seamless application and claims process. Get personal property and liability protection with Lemonade Renters Insurance.