We develop a continuum phase-field model for the simulation of diffusion limited solid-solid phase transformations during lithium insertion in LiFePO4-nano-particles. The solid-solid phase boundary between the LiFePO4 (LFP)-phase and the FePO4 (FP)-phase is modeled as a diffuse interface of finite width. The model-description explicitly resolves a single LiFePO4-particle, which is embedded in an elastically soft electrolyte-phase. Furthermore, we explicitly include anisotropic (orthorhombic) and inhomogeneous elastic effects, resulting from the coherency strain, as well as anisotropic (1D) Li-diffusion inside the nano-particle. In contrast to other related research work, we employ an Allen-Cahn-type phase-field approach for the diffuse interface modeling of the solid-solid phase boundary. The model contains an extra non-conserved order parameter field to distinguish the two different phases. The evolution of this order parameter field is controlled by an extra kinetic parameter independent from the Li-diffusion. Further, the effect of the nano-particle’s size on the kinetics of FP to LFP phase transformations is investigated by means of both model. Both models predict a substantial increase in the steady state transformation velocity as the particle-size decreases down to dimensions that are comparable with the width of the interface between the FP and the LFP-phase. However, the extra kinetic parameter of the Allen-Cahn-type description may be used to reduce the strength of the velocity-increase with the decreasing particle size. Further, we consider the influence of anisotropic and inhomogeneous elasticity on the lithiation-kinetics within a rectangularly shaped LiFePO4-particle embedded in an elastically soft electrolyte. Finally, the simulation of equilibrium shapes of LiFePO4-particles is discussed. Within a respective feasibility study, we demonstrate that also the simulation of strongly anisotropic particles with aspect ratios up to 1/5 is possible.