Homeowners Insurance in Washington

Shopping for homeowners insurance doesn’t need to be stressful. Compare rates by city and company below.

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How to get affordable home insurance in Washington


Homeowners insurance is an optional — but important — product that works to keep your belongings safe in the event your house or property suffers damage from common incidents. A homeowners insurance policy protects your house and property in the event of a variety of calamities, including theft, fire, vandalism, or wind damage.

Unlike auto insurance, homeowners policies aren’t priced based on state laws. Even so, major differences exist in home insurance rates on a state-by-state basis. Home insurance rates in US states may vary depending on the value and number of homeowners claims across the state, and depend on the value of the belongings and structures covered by the policy.

The easiest way to get a cheap homeowners insurance policy in Washington is to compare rates from multiple companies. Get an idea of homeowners insurance costs in Washington by referencing the below data. Remember: your rates may differ, depending on your coverage limits.


Home insurance in Washington:
  1. By insurance company
  2. By city
  3. Rates by coverage amount
  4. Rates by deductible amount
  5. Bundling discounts
  6. FAQs


Homeowners insurance prices in Washington by company

Rates for home insurance in Washington can vary depending on which insurance company you use. Safeco offers the cheapest home insurance in Washington, at only $305 per year. This compares favorably to the state average rate of $1,133, providing an $828 price cut on average policy costs statewide.

Start searching for a home insurance policy by reviewing the best Washington carriers, listed below.


HOME INSURANCE RATES IN WASHINGTON: BY COMPANY
CompanyAverage Yearly Rate in Washington
Safeco$305
PEMCO Insruance$561
Grange Insurance$697
Travelers$698
Allstate$829


Washington homeowners insurance by city

Home insurance rates in Washington vary depending on the city. Rates depend on city-specific variables like the number of local claims filed, giving your ZIP code weight in deciding how much you pay.

The best home insurance rates in Washington are available in Bellingham. An average home insurance policy in Bellingham costs just $973 per year — $160 less than the average policy in other Washington cities. Reference the below table to see the cheapest cities in Washington for home insurance.


CHEAPEST HOME INSURANCE CITIES IN WASHINGTON
CityAverage 12-Month Home Insurance Rate
Bellingham$973
Lacey$990
Olympia$1,004
Sammamish$1,020
Bellevue$1,021


Average homeowners insurance costs in Washington by coverage level

The amount of home coverage you select has an impact on the insurance premiums you pay. In Washington, maintaining $100K dwelling coverage costs an average of $523 per year, while carrying dwelling coverage up to $400K costs $1,317/year.


HOMEOWNERS INSURANCE RATES IN WASHINGTON — COMMON COVERAGE AMOUNTS
Coverage LevelAverage Annual Rate
$100,000 Dwelling$523
$200,000 Dwelling$809
$250,000 Dwelling$899
$400,000 Dwelling$1,317


Compare Homeowners Insurance Rates


Home insurance deductibles in Washington

Washington homeowners have a lot of choices to make when purchasing a homeowners insurance policy, including how high or low to set their deductible. The deductible is the total dollar amount that the insured must contribute toward a covered loss. Where you choose to set your homeowners deductible corresponds directly to how much you pay in insurance premiums.

Put simply, having a higher deductible translates to lower insurance rates. As such, if you want your insurance rates to stay low, aim for a higher deductible. Keep in mind that your deductible should only be set as high as you can reasonably afford if you suffer a loss.

The following table illustrates the typical premium costs affiliated with standard homeowners deductibles.


HOMEOWNERS INSURANCE COSTS BY DEDUCTIBLE TIER IN WASHINGTON
Deductible LevelAverage Annual Home Insurance Rate
$500$994
$1,000$899
$1,500$848
$2,000$782
$5,000$668


How to save: bundle home and auto insurance in Washington

If you want to save on homeowners insurance, consider purchasing both your homeowners and auto insurance policies from one company. Bundling auto and homeowners insurance in Washington can lead to substantial savings on your auto insurance bill. In fact, bundling policies in Washington leads to a yearly discount of $110.


HOME AND AUTO INSURANCE BUNDLING SAVINGS IN WASHINGTON
Avg. Annual Auto Insurance Rate (No Bundle)Avg. Annual Auto Insurance Rate (Bundle)Annual Bundle Savings% Savings with Bundle
$1,182$1,072$11010%


A great way to save is to bundle your auto and homeowners insurance policies. Find a policy today!


Seeking information on homeowners insurance in a specific city?

  1. Seattle


Washington home insurance FAQs


Can a Washington state resident sue their homeowners insurance company?

Residents of the state of Washington do have the right to sue their homeowners insurance companies. However, before you do, it would be wise to consult with a lawyer who can go over the details of your policy and help to judge the strength of your claim.

Does homeowners insurance cover board member liability in Washington?

In most cases, an HOA's liability insurance will extend to board members in Washington. Specifically, the directors and officers insurance offers protections to board members.


Earthquake insurance in Washington

Washington copes with roughly 10 earthquakes per year, which means Washington residents may want to look into acquiring an insurance policy that covers earthquakes.* This type of coverage doesn’t come standard in home insurance policies. Earthquake coverage comes in the form of an added endorsement to your current policy, covering damages that result from earthquakes.

Another serious concern with earthquakes happens to be aftershocks. They can be severe and can continue causing damage long in the wake of the initial event. Fortunately, you pay a single deductible for damage from the initial earthquake as well as any aftershocks within a 72-hour period.

Those who live in areas known for earthquakes often have higher home insurance premiums, especially in the highest-risk areas. Earthquake coverage is not available from most standard insurers, but there are some coverage choices for those who live in states where earthquakes are a real threat. Insurance companies in Washington may allow you to purchase an endorsement to cover damage from earthquakes. Bear in mind, deductibles for earthquakes are typically higher than for standard perils listed in your homeowners policy. In Washington, a homeowners insurance endorsement for earthquake coverage carries an additional cost of $147 per year.

Have a look at some of these great options for earthquake coverage in Washington listed below. It's important to treat these figures as estimates only, as rates will vary based on your specific property.

 

CHEAP HOMEOWNERS EARTHQUAKE COVERAGE IN WASHINGTON
CompanyAverage Annual Earthquake Insurance Rate
Liberty Mutual$354
Grange$474
PEMCO Insurance$523
Allstate$546
Travelers$829

 

*Source: United States Geological Survey (https://earthquake.usgs.gov/earthquakes/browse/)


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Kristine Lee LinkedIn

Kristine is a licensed insurance agent and one of The Zebra’s in-house content strategists. With a background in copywriting, she covers the ins and outs of the home and car insurance industries. She has contributed to numerous publications focused on the nuances of insurance, including Automoblog, USInsuranceAgents.com, and BestCompany.com.