Home Insurance - Pittsburgh, PA
The Pittsburgh region has a 71.7% homeownership rate, which is higher than the national average of 65.1%. That's why we built this helpful guide for those looking to review or buy home insurance:
- The average cost of home insurance in Pittsburgh, PA
- Common home insurance claims in Pittsburgh, PA
- Coverage details of your home insurance policy
- Insurance carriers offering coverage in Pittsburgh, PA
- Calculator for home insurance quotes in Pittsburgh, PA
Even though it is easy to find cheap home insurance in Pittsburgh, we still recommend checking out our list of home insurance discounts available to see if you can find any savings.
We search for all discounts for our customers for free. Most customers that use Young Alfred in Pittsburgh pay between $485 and $1,138 per year for their home insurance coverage.
The average home insurance in Pittsburgh is $780.96. This annual premium will change as the cost to rebuild your home increases. As your home goes up in value, you need more insurance coverage, which will cost more. Be happy if you can find coverage below $485/year in Pittsburgh and expect to pay an extra $122/year for every $100,000 increase in your home's value.
Home Insurance Rates in Pittsburgh, PA vs. Home Rebuild Cost
Home insurance rates data generated from the following zip codes: 15201 15202 15204 15205 15208 15210 15203 15206 15207 15209 15211 15214 15216 15212 15213 15215 15217 15218 15219 15220 15222 15223 15224 15226 15221 15225 15227 15229 15230 15231 15233 15238 15228 15232 15234 15235 15236 15237 15239 15240 15242 15243 15253 15254 15241 15244 15250 15251 15252 15255 15257 15258 15259 15260 15261 15262 15264 15270 15272 15274 15279 15281 15289 15290 15295 15265 15267 15268 15275 15276 15277 15278 15282 15283 15286
Pittsburgh has a high theft risk in the inner city, as well as medium risk of wind and occasionally heavy rains. However, Pittsburgh home insurance is very affordable because so many Pittsburgh natives are far more likely to fix an issue themselves rather than file a home insurance claim! Hats off to you, DIYers. I wish more of the US were so handy in the shop.
Pittsburgh, PA Home Risk Report
Source: Home Risk Report
Each homeowner should understand the six major coverage categories.
- Coverage A: Dwelling - covers your primary building structure.
- Coverage B: Other Structures - covers any structures on your property not attached to your primary home's structure.
- Coverage C: Personal Property - covers your personal belongings with special sub-limits for specific categories.
- Coverage D: Loss of Use - if you can't live in your home after a covered loss, loss of use helps cover your cost of living somewhere else.
- Coverage E: Personal Liability - if someone sues you for something that happened on your property, this will kick in to defend the lawsuit and payout on damages charged in the case.
- Coverage F: Medical Liability - if a guest injures themselves on your property, this can cover the guest's medical expenses from that injury.
More importantly, homeowners in Pittsburgh, PA, should know the five specific coverage details of their home insurance policy:
- Water Damage
Water damage represents a third of all homeowners claims. Insurance companies break up water damage into many different categories, only some of which are covered by your standard insurance policy.
Flooding - not covered in your standard homeowners policy, but can be purchased as a separate policy from NFIP or Private Flood Companies.
Water Damage from a Burst Pipe - usually covered in your standard homeowners policy. You are not covered if they are leaking slowly over time.
Water Backup Coverage - not covered in your default home insurance policy, but can be purchased as an additional add-on.
Storm-Related Water Damage - covered by your standard homeowners policy if the water enters from above the ground level.
Water Seepage/Groundwater - your standard homeowners policy does not cover water seepage.
- Service Line Coverage
Home insurance usually does not cover the utility lines running under your yard. If one of these lines bursts in your front yard, you may be out of luck unless you purchase the service line coverage endorsement. For around $45/year, service line coverage will cover up to $10,000 in damage caused by a service line breaking and needing repair on your property, but outside of your house.
- Roof Coverage: Replacement Cost or Actual Cash Value
An asphalt shingle roof needs a full replacement every 20-25 years. If you have an older roof, your home insurance policy may only cover the roof at Actual Cash Value (ACV). Actual cash value means you aren't getting a full reimbursement on your roof in a claims scenario.
Example: Your roof is 19 years old, and you have a hail storm that damages the roof beyond the point of repair - you now need a new roof. The insurance company is not going to cut you a check for a brand new roof if it is covered at ACV, because you were going to have to replace the roof in the next five years even without the storm. They will give you a check that represents the remaining useful life of your roof. If the roof is 19 years old, has a 25-year useful life, costs $15,000 to replace, and you have a $1,000 deductible, you are only going to get a check for (25-19)/25*15,000 - $1,000 = $2,600. If your roof is covered at Replacement Cost, you are getting a check for $15,000 - $1,000 = $14,000. In this common example, the Replacement Cost Coverage on your roof was worth an extra $11,400.
Many insurance carriers are competing for your business in Pittsburgh, PA. Home insurance carriers rate on many different risk factors, so it is best to check multiple carriers to see which carrier is the best match for you. Regardless of what carrier you choose, you should at least consider the following:
- Financial Stability Rating - AM Best or Demotech
- Experience in the local market - how long have they been insuring Pittsburgh homes?
- Online Reviews on claims and customer service experience
Top home insurance carriers in Pittsburgh, PA:
|Insurance Company||Financial Stability||Experience||Online Reviews|
|Progressive||AM Best A+||Experienced||4 stars|
|Hippo||AM Best A-||New||5 stars|
|Travelers||AM Best A+||Experienced||5 stars|
|Erie||AM Best A+||Experienced||5 stars|
|Encompass (Allstate)||AM Best A+||Experienced||5 stars|
|State Auto||AM Best A-||Experienced||4 stars|
|Safeco (Liberty Mutual)||AM Best A||Experienced||4 stars|
|Plymouth Rock||AM Best A-||Experienced||3 stars|
|The Philadelphia Contributionship||AM Best A||Experienced||3 stars|
|Stillwater||AM Best A-||Experienced||5 stars|
|Universal P&C||Demotech A||Experienced||3 stars|
|Foremost (Farmers)||AM Best A||Experienced||3 stars|
A home insurance calculator requires many inputs as insurance carriers rate on hundreds of factors. Most of these rating factors usually fall into three main rating categories:
- Property features (location, age, heating, etc.)
- You and your family (credit history, claims history, pets, etc.)
- Coverage limits and endorsements (deductibles, water backup, replacement cost, etc.)
To get accurate quotes: fill out my custom online home insurance application. Young Alfred does not call or sell your information. We have built an advanced quoting engine that generates the top home insurance quotes in your area, customized for you:
Get Home Insurance Quotes in Pittsburgh PA
I hope that helps!
At your service,