Average homeowners insurance cost in Washington

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Whether you’re buying a new home or want to protect the property you currently own, it’s important to have sufficient homeowners insurance coverage in place. However, home insurance policies can get expensive, depending on your insurer and the coverage level you choose.

On average, Washington homeowners insurance costs $1,596 a year, based on Insure.com’s data.

Learn more about the average homeowners insurance rates by company and ZIP code in Washington.

Average home insurance cost in Washington by coverage level

In Washington, the annual homeowners insurance cost is $1,596, on average for the limits of $100,000 in liability, $300,000 in dwelling coverage and a $1000 deductible.

Increasing your dwelling coverage from $300,000 to $400,000 will raise your annual homeowners insurance premium to $1,065 in Washington, with $100,000 in liability protection and a $1,000 deductible. Below are the average costs for homeowners insurance in Washington based on dwelling coverage limits of $300,000, $400,000, and $500,000.

In Washington, homeowners insurance companies set rates by assessing various risk factors. Your location, claims history and coverage limit all affect your premium.

If multiple claims have been filed in your neighborhood over the past few years, you’ll likely face higher home insurance rates than areas with fewer claims.

Best homeowners insurance companies in Washington

Before purchasing homeowners insurance, it’s important to compare rates and explore your options. Several factors play a role in choosing the best homeowners insurance company for your specific needs.

We evaluated insurance companies in Washington based on their NAIC scores and AM Best ratings to create a list of the top homeowners insurance providers in the state. Our findings show that PEMCO received the lowest NAIC score and B++ rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher customer satisfaction.

Average homeowners insurance cost by company in Washington

Nationwide offers the most affordable homeowners insurance in Washington, at an average annual premium of $978, followed by PEMCO and Allstate.

You can save hundreds — if not thousands — of dollars each year if you shop around for homeowners insurance.

Here are the average annual and monthly insurance rates for Washington homeowners for a policy with $300,000 dwelling coverage and $100,000 liability protection with a $1,000 deductible.

Washington homeowners insurance rates by ZIP code

Insurance providers in Washington factor in the risk of a given location when determining rates. ZIP codes with higher crime rates or frequent natural disasters are typically classified as high-risk, leading to increased premiums. Additionally, the cost of rebuilding or repairing homes in that area can affect your homeowners insurance costs.

To get the best deal on homeowners insurance rates in Washington, take the time to shop around and compare quotes from multiple insurers. Additionally, don’t forget to ask about potential discounts, like bundling policies or a smart home discount.

Most affordable ZIP codes for home insurance rates in Washington

Home insurance costs vary across different areas in Washington. What you pay for homeowners insurance depends on several factors, including your ZIP code. According to our data, the 98383 ZIP code has the lowest home insurance rates in Washington, at $1,297 annually or $108 per month.

Here are the homeowners insurance rates for some of the most affordable ZIP codes in Washington.

Most expensive ZIP codes for home insurance rates in Washington

Your ZIP code plays a significant role in determining the cost of your homeowners insurance. In Washington, some areas face higher premiums due to factors like high crime rates, greater risk of natural disasters and higher living expenses.

In Washington, 99140 has the highest homeowners insurance rates, at $1,940 per year.

Here, we’ve highlighted some of the most expensive ZIP codes in Washington for homeowners insurance:

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rate trend in Washington

We analyzed home insurance rate trends in Washington and found that homeowners insurance rates experienced an overall decrease of 3% or $47, from 2022 to 2023.

The below data shows how much homeowners insurance rates have changed since 2019.

To find the right homeowners insurance, research thoroughly and compare costs from multiple insurers, as they assess risk differently. Getting quotes from at least three companies helps ensure you get the most affordable coverage in Washington.

Resources & methodology

Source

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.

Methodology

Insure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

• $300,000 dwelling coverage
• $100,000 liability protection
• $1000 deductible

We have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary.

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Shivani Gite

Contributing Writer

 

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Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.

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