Top agents near you in Pennsylvania

Pennsylvania is considered a relatively safer state when it comes to the wrath of natural disasters. However, the state is still exposed to disasters like hurricanes, floods, tornadoes, tropical storms, and high winds. Therefore, residents should consult with insurance agents in Pennsylvania to get coverage that meets their requirements.

Driving uninsured is a legal offense in Pennsylvania as the state laws require every driver to have minimum insurance coverage. Hence, the penalties for driving without insurance include the following:

• A minimum $300 fine.
• A three-month suspension of your vehicle registration.
• A three-month suspension of your driver’s license.

Drivers in Pennsylvania have to get a minimum of $15000 worth of bodily liability coverage per person (up to $30,000 per accident) and $5000 of property damage liability coverage. If your car is financed, your lender may require you to purchase collision and comprehensive coverage.

Car insurance is relatively more expensive in Pennsylvania as it is a no-fault state with a high population density. Drivers can expect to pay $1145 for minimum coverage. Full coverage can cost significantly higher.

The latest market analysis and trends show that the average home insurance cost in Pennsylvania is $736 annually or $61 monthly, almost half of the national average ($1516). Pennsylvania is less exposed to major natural disasters unlike other states like Florida and Texas. Hence, home insurance premiums are relatively cheaper in the state.

Pennsylvania is home to more than 1.1 million small businesses. Pennsylvania business owners should consider buying general liability coverage, commercial property coverage, professional liability coverage, workers’ compensation insurance, and commercial auto insurance. Other coverages like business interruption insurance and employment practices liability are also available. Moreover, businesses with more than 50 employees must provide health insurance in Pennsylvania.

The average cost of life insurance in Pennsylvania is $658 annually. We recommend you consult with life insurance agents in Pennsylvania to get accurate figures for a policy that suits your needs.

According to the Pennsylvania Department of Insurance (PDI), flooding is the most common natural disaster in the keystone state. Hence, homeowners and business owners should include additional flood coverage in their policies as a standard policy typically excludes flooding coverage.

The average cost of flood insurance in Pennsylvania is $1390 per year. However, the rates can decrease or increase based on the proximity of your property to flood zones and various other factors.

Yes, Pennsylvania is a no-fault state where each party involved in an accident gets compensation from their respective insurers regardless of whose fault it is. However, the state is unique because it offers an option to opt out of a no-fault system while buying a car insurance policy.