Average homeowners insurance cost in Reading, PA

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In Reading, homeowners pay an average annual rate of $1,715 for a coverage level that includes $300,000 for dwelling, $100,000 for liability protection, and a $1,000 deductible, according to Insure.com’s rate analysis. This is $789 less than the national average of $2,504.

Homeowners insurance premiums can vary significantly from one property to another. In Reading, the cost of home insurance is influenced by several factors, including:

Size of your home
Age of your home
Amount of coverage required
Location
Your credit score

It’s crucial to compare quotes from multiple insurers to ensure you get the best homeowners insurance policy. This allows you to find the coverage that meets your specific needs.

Read this guide to discover the monthly homeowners insurance cost in Reading, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Reading.

Key takeaways

The cost of your homeowners insurance policy in Reading can vary based on factors such as your location, the value of your home, and the coverage options you select.
Allstate is the cheapest homeowners insurance company in Reading with an average annual premium of $1,008.
If you increase your dwelling coverage from $200,000 to $300,000, you will pay $396 more, annually for home insurance.

Average homeowners insurance cost in Reading per month

Reading homeowners pay an average of $143 a month, based on our rate analysis. It’s $14 less than the state average of $157 and $66 less than the national average for home insurance across the United States. The price of your homeowners insurance policy in Reading may vary depending on where you live, the value of your home, and the coverage you choose.

Average homeowners insurance cost for a $200,000 house in Reading

In Reading, PA, homeowners pay an average of $1,319 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as – natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas are higher, resulting in higher insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

Average homeowners insurance cost for a $300,000 house in Reading

Based on a rate analysis conducted by Insure.com, Reading residents pay an average of $1,715 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. If you plan to increase your dwelling coverage from $200,000 to $300,000, you must pay an additional $396 per year for home insurance.

Buying adequate insurance to cover the entire expense of rebuilding your home is best advisable. However, the amount of dwelling coverage you need may vary depending on your home’s size, amenities, and the cost of living in your area.

Average homeowners insurance cost in Reading by Company

Among the carriers analyzed, Allstate is the cheapest homeowners insurance company in Reading. It’s average annual rate for Reading homeowners is $1,008. Erie Insurance ranks second and State Farm makes it to the third spot with an average annual home insurance rate of $1,312.

Before choosing a homeowners insurance policy, it is important to do some research on the company. Our experts have analyzed all the insurance companies across Reading and prepared a list of the cheapest home insurance providers. You can find below the Reading home insurance companies and their average annual premium.

Home Insurance Company	Annual rate
Allstate	$1,008
Erie Insurance	$1,302
State Farm	$1,312
Nationwide	$1,566
Farmers	$1,923
Travelers	$3,834
USAA*	$1,479

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Reading for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.