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Are you planning to buy a cheap home insurance policy in Washington State? We have analyzed all the insurance companies in the state to get you the best homeowners insurance in Washington State.
Why compare home insurance rates in Washington State:
- On average, Washington State home insurance costs around $1,163 annually.
- The rate of homeowners insurance in Washington State starts at $317 for a year.
- Always ensure additional earthquake and flood coverage while buying a home insurance policy in the state.
Washington State homeowners insurance: what you need to know
On average, a homeowners insurance in Washington State costs around $1,163 annually. The rate is lower than the national average rate.
Your home insurance rate depends on the cost of the insured house and goods and the volume and rate of home insurance claims. So, if you want cheap home insurance in Washington State, it is better to get quotes from multiple insurers, compare, and buy the one with the lowest quote. Our review will give you a detailed look into the best Washington State home insurance rates.
What does a homeowners insurance policy cover?
Typically, a home insurance policy covers Personal Property, Dwelling, Liability, Other Structures, Medical Payments to Others, and Additional Living Expenses. So, when you buy homeowners insurance in Washington State, check whether your insurer provides these coverages or not. Also, you can buy these extra coverages to strengthen your home's protection.
- Earthquake insurance: A typical Washington house insurance policy doesn't offer earthquake protection. So, you can buy earthquake insurance as a separate policy or as an addition to your house insurance. In addition, some insurers specialize in earthquake insurance, although not all carriers offer it.
- Flood insurance: ideally, standard home insurance policies do not cover flood damage. Residents can buy extra flood insurance through the Federal Emergency Management Agency (FEMA) or commercial home insurance companies.
- Guaranteed roof replacement: Not all companies provide this option. Homes qualify for coverage only if the roof comes under the specified age range. But, choosing this coverage can be a smart choice if you can. After a covered peril, this policy will cover the entire cost of roof repairs or replacement rather than a depreciated value.
What isn't covered by a typical homeowners insurance policy?
Homeowners insurance doesn't offer coverage for flooding, earthquakes, power outages, nuclear threats, sinkholes, wear and tear, insect and vermin infestations, war, or purposeful loss. So to ensure the coverages you get, review your Washington State home insurance before buying it.
The cheapest home insurance companies in Washington State
The rate of Washington state homeowners insurance differs by the insurer you choose. Safeco offers the cheapest Washington state home insurance rates with a yearly average rate of $317. With an annual average rate of $573, PEMCO Insurance offers the second-best option in the state.
| Insurer | Average annual rate |
|---|---|
| Safeco | $317 |
| PEMCO Insurance | $573 |
| Grange | $709 |
| Travelers | $710 |
| Allstate | $841 |
The best homeowners insurance in Washington State for pool owners
Owning a pool may result in higher home insurance rates. Due to the possibility of accidents occurring in and around pools, insurers see pools as a liability risk. For Washington State homes with swimming pools, Allstate offers the lowest average annual premium of $598. If your house has a pool, shop for the most affordable home insurance policies.
| Insurer | Average annual rate |
|---|---|
| Allstate | $598 |
| PEMCO Insurance | $745 |
| USAA | $1,035 |
| Farmers | $1,356 |
| State Farm | $2,970 |
Homeowners Insurance deductibles in Washington State
When buying homeowners insurance in Washington State, residents have various options, including how high or low to set their deductible. The total sum of money the insured must put toward a covered loss is the deductible. So, higher deductibles result in cheaper insurance premiums.
As a result, opt for a bigger deductible if you wish to maintain cheap insurance premiums. However, remember that the deductible should only be as high as you can afford to pay in the event of a loss. The following are typical premium expenses associated with common homeowners deductibles.
| Deductible Level | Average annual rate |
|---|---|
| $500 | $1,006 |
| $1,000 | $911 |
| $1,500 | $860 |
| $2,000 | $794 |
| $5,000 | $680 |
Washington State home insurance prices by coverage levels
The amount of homeowners coverage you select affects the cost of insurance premiums you pay. In Washington State, keeping $100K in housing coverage costs an average of $535 annually, while keeping $400K in coverage costs an average of $1,329 yearly.
| Dwelling coverage cost | Average annual rate |
|---|---|
| $100,000 | $535 |
| $200,000 | $821 |
| $250,000 | $911 |
| $400,000 | $1,329 |
Washington State Homeowners insurance costs by city
The area where you reside has an impact on your Washington homeowners insurance rate. Additionally, city-specific factors like the number of nearby homeowners claims, ZIP Code, and crime rate affect the cost of homeowners insurance in Washington State. The rate of Washington State home insurance in various cities is listed below.
| City | Annual Average Rate |
|---|---|
| Aberdeen | $1,215 |
| Acme | $1,309 |
| Addy | $1,403 |
| Adna | $1,417 |
| Ahtanum | $1,392 |
| Airway Heights | $1,209 |
| Albion | $1,280 |
| Alderton | $1,314 |
| Alderwood Manor | $1,221 |
Home and auto insurance bundling in Washington State
So, how can you lower the cost of homeowners insurance in Washington State? One way is by bundling your auto insurance and home insurance policies. You can save almost $122 on your Washington State home insurance by bundling these policies if you buy them from the same insurer.
| Average annual rate (without bundling) | Average annual rate (with bundling) | Yearly savings (in $) | Yearly savings (in percent) |
|---|---|---|---|
| $1,163 | $1,041 | 122 | 10.4% |
Home Insurance Discounts in Washington State
The easiest approach to lower the price of homeowners insurance in Washington State is to take advantage of the discounts offered by the major insurance companies. These are some common discounts that the state's top insurers provide.
| Insurer | Bundling Discounts | Loyalty Discounts | Military Discounts | New Home Credit Discounts | Claim-Free Discounts | Protective Devices Discounts |
|---|---|---|---|---|---|---|
| Farmers | ✓ | ✓ | - | ✓ | ✓ | ✓ |
| Allstate | ✓ | ✓ | - | ✓ | ✓ | - |
| State Farm | ✓ | - | - | - | ✓ | ✓ |
| USAA | ✓ | ✓ | ✓ | - | ✓ | ✓ |
| Nationwide | ✓ | - | - | ✓ | ✓ | ✓ |
| Liberty Mutual | ✓ | - | - | - | - | - |
| Progressive | ✓ | - | - | ✓ | - | ✓ |
| Amica | ✓ | - | - | ✓ | ✓ | ✓ |
| Chubb | ✓ | - | - | ✓ | ✓ | ✓ |
| American Family | ✓ | ✓ | - | ✓ | - | ✓ |
Comparing Common Features Across Top Companies
Are you looking to buy the best home insurance in Washington State? Then ensure whether your insurer offers these features.
| Insurer | Identity Theft Protection | Valuable Possessions | Water Backup | Other Structures Coverage | Dwelling /Personal Property Replacement |
|---|---|---|---|---|---|
| Farmers | Optional | ✓ | No | Optional | Optional |
| Allstate | Optional | Optional | Optional | ✓ | Optional |
| State Farm | Optional | Optional | Optional | ✓ | Optional |
| USAA | ✓ | Optional | No | ✓ | ✓ |
| Nationwide | Optional | Optional | Optional | ✓ | Optional |
| Liberty Mutual | Optional | Optional | Optional | ✓ | Optional |
| Progressive | No | Optional | Optional | ✓ | ✓ |
| Amica | Optional | Optional | Optional | ✓ | Optional |
| Chubb | Optional | Optional | ✓ | ✓ | ✓ |
| American Family | ✓ | Optional | Optional | ✓ | No |
Common Causes of Home Insurance Claims in Washington State
The following are the common reasons leading to state home insurance claims.
- Wind and hail: In Washington and the rest of the country, wind and hail damage account for over 46% of all house insurance claims. Power outages and downed trees frequently cause storm damage in Washington.
- Fire and lightning: Wildfires frequently started by lightning strikes can seriously harm homes and other property.
- Earthquakes: Because of its location in the Cascadia Subduction Zone, Washington State is at high risk for earthquakes.
Does homeowners insurance cover flooding in Washington State?
Home insurance in Washington State normally doesn't cover flood-related damage. Therefore, residents must buy additional coverage to protect their homes from flooding. The FEMA National Flood Insurance Program (NFIP) or commercial insurers offer flood insurance coverage in Washington State. The NFIP provides these coverages; however, commercial flood insurers might provide extra coverage.
- Your home's structure - $250,000
- Personal property - $100,000
Does homeowners insurance cover earthquake damage in Washington State?
Since there are about ten earthquakes each year in Washington State, residents may wish to consider getting earthquake insurance coverage. Normally home insurance policies don't offer earthquake coverage. You must enhance your existing policy to add earthquake coverage to cover earthquake-related damages.
Aftershocks are a major issue when there is an earthquake. They can be severe and keep damaging for a long time after the initial incident. Fortunately, you only have to pay a single deductible for damage caused by the initial earthquake and any subsequent aftershocks that occur within 72 hours. Unfortunately, those who reside in high-risk zones for earthquakes frequently pay higher prices for home insurance.
The following are some insurers that offer affordable earthquake coverage in the state.
| Insurer | Average annual rate with earthquake coverage |
|---|---|
| Liberty Mutual | $366 |
| Grange | $486 |
| PEMCO Insurance | $535 |
| Allstate | $558 |
| Travelers | $841 |
Factors that Affect Home Insurance Rates in Washington State
Are you planning to buy the best homeowners insurance in Washington State? Then check these factors before buying your policy.
- Your location: The cost of your home insurance in Washington State is influenced by the crime rate in your area.
- Replacement cost: Your insurance premiums will vary depending on the cost of labor and building supplies in your location.
- Age/condition: Insurance premiums for newer houses are always lower than those for older ones.
- Claims history: If you file claims regularly, insurers may consider you risky. You must be prepared to pay higher insurance premiums if you frequently file claims.
- Credit history: Most insurance companies will check your credit score before buying a home insurance policy. Be prepared to pay more for homeowners insurance in Washington State if your credit score is low.
- Dog breed: A few insurance providers classify certain dog breeds as 'dangerous.' If your insurer considers your dog 'dangerous,' your Washington home insurance rate will increase.
Tips for Buying Homeowners Insurance
Do you want to buy the best homeowners insurance in Washington State? Then try to follow these tips.
- Assess your rebuilding costs: Ask an insurance agent or a reputed builder how much it will cost to rebuild your home with inexpensive materials and labor.
- Review the advantage of replacement cost over actual cash value: You might want to think about getting replacement cost insurance for your home and other belongings.
- Consider add-on coverage for your expensive items: Personal property coverage may be necessary if you own expensive possessions like high-end electronic equipment, sporting gear, musical instruments, or even antiquities.
- Evaluate your liability coverage needs: Determine the minimum liability insurance limit you need.
- Assess coverage gaps: Many insurers offer higher coverage limits for landscape items like trees and bushes.
- Check financial ratings: All home insurers might have insurance ratings from organizations like AM Best and Standard & Poor's. For instance, some companies won't let you qualify for a mortgage if your insurer doesn't have a minimum 'A' financial strength rating.
- Check for discounts: Ensure that you utilize all of your insurance provider's discounts.
- Compare quotes from various insurance companies: Washington State homeowners insurance premiums can change based on the insurer. Therefore, you should compare prices from different insurers to find the best home insurance in Washington State.
Most Common Disasters in Washington State
Homeowners in Washington must deal with many declared disasters, such as severe storms and floods. However, fires are the most often reported disaster in the state.
Disasters by month
According to FEMA, August and July have been the busiest months in Washington for declared disasters.
| Month | Number of disasters |
|---|---|
| January | 8 |
| February | 8 |
| March | 17 |
| April | 5 |
| May | 4 |
| June | 3 |
| July | 40 |
| August | 52 |
| September | 24 |
| October | 6 |
| November | 3 |
| December | 7 |
Disasters by year
According to FEMA, homeowners in Washington State deal with six disasters yearly.
| Year | Number of disasters |
|---|---|
| 2001 | 9 |
| 2002 | 2 |
| 2003 | 4 |
| 2004 | 5 |
| 2005 | 3 |
| 2006 | 5 |
| 2007 | 5 |
| 2008 | 2 |
| 2009 | 5 |
| 2010 | 2 |
| 2011 | 2 |
| 2012 | 10 |
| 2013 | 3 |
| 2014 | 12 |
| 2015 | 15 |
| 2016 | 6 |
| 2017 | 4 |
| 2018 | 10 |
| 2019 | 1 |
| 2020 | 14 |
How to Get Washington State Home Insurance with Way.com
Are you looking for a policy with the best Washington state home insurance rates? The average rate of homeowners insurance in Washington State is lower than the national rate. Still, are you looking for a cheaper home insurance policy? How can you get it?
That's where Way.com becomes your best friend. Use our website or app to get quotes from many insurers, compare, and buy one with the cheapest rate. Do you need additional help? Then, our home insurance agents in Washington State can help you. They will explain the state's most complicated homeowners insurance rules, terms, coverages, and discounts.
So, get in touch with our home insurance agents if you want to buy the best homeowners insurance in Washington State.
Home Insurance Data Methodology
The home insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
FAQs
What is the average cost of homeowners insurance in Washington?
Homeowners insurance in Washington State costs around $1,163 yearly.
Is homeowners insurance required in Washington State?
No. the state law doesn't mandate having home insurance. Nevertheless, if you still owe money on your mortgage, your lender will require you to have one.
Is homeowners insurance based on square footage?
Yes. The area of your house impacts the home insurance rate in Washington State. Because there would be more area to repair a larger home if damaged, larger properties often cost more to insure.
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