Seattle, WA Homeowners Insurance
Learn more about how to find affordable homeowners insurance in Seattle.
Learn more about how to find affordable homeowners insurance in Seattle.
A critical consideration for every homeowner should be insurance coverage for your home. Along with your home furnishings and other belongings, homeowners insurance covers your dwelling against many perils, including fire, wind damage, vandalism, and theft. Given the relatively frequent occurrence of these incidents and the sizeable cost of replacing a home, having a home insurance policy is a solid investment.
What you pay for homeowners insurance is dependent on a number of factors. These include your dwelling's value, the value of your personal belongings, and the cost of the materials used to build your home. The location of your home also contributes to the price of your homeowners insurance policy. In areas prone to perils likefrozen pipes, hail, windstorms, or wildfires, home insurance rates may be higher to account for the extra risk. Discover more about what is covered by a homeowners insurance policy.
Homeowners insurance rates in Seattle vary from one insurance company to another. The most affordable home insurance in Seattle is Safeco offering average annual rates at just $277 per year. This is considerably cheaper than the city’s average homeowners premium of $2,249.
Start your search for a home insurance policy by reviewing the cheapest companies in Seattle, Washington, listed below.
| Company | Average Annual Rate |
| Safeco | $277 |
| PEMCO Insurance | $521 |
| Grange Insurance | $545 |
| Travelers | $627 |
| Allstate | $703 |
The amount of homeowners coverage you select has an impact on your insurance premiums. In Seattle, carrying $200K dwelling coverage costs an average of $1,747, while carrying additional coverage up to $400K costs $1,221 per year. Learn more about popular home insurance coverage amounts.
| Coverage Level | Average Annual Rate |
| $100K Dwelling | $488 |
| $200K Dwelling | $1,747 |
| $250K Dwelling | $838 |
| $400K Dwelling | $1,221 |
Home insurance costs can vary depending on what part of Seattle in which you live. The amount of claims filed in your local area can be a factor in determining the price of your policy. Put simply, the location of your home could have a huge impact on the amount you pay for insurance.
To find the most affordable homeowners insurance premiums in Seattle, look no further than 98109. In the 98109 area, homeowners coverage usually costs just $964 per year — a full $1,285 less than the Seattle average. The below table shows the best places to live in Seattle if you’re looking for affordable homeowners insurance.
| ZIP Code | Average Annual Home Insurance Rate |
| 98109 | $964 |
| 98107 | $965 |
| 98119 | $967 |
Some parts of Seattle, however, are prone to home insurance premiums that are higher on average. Such areas might face a higher danger of perils such as fires or severe weather events. Similarly, they may also have a higher rate of crimes such as burglary or vandalism. With an annual average premium of $1,123, 98168 comes in as the priciest ZIP code in Seattle for home insurance.
| ZIP Code | Average Annual Home Insurance Rate |
| 98168 | $1,123 |
| 98195 | $1,116 |
| 98144 | $1,102 |
One of the many choices to be made when buying a homeowners insurance policy is how high to set your deductible. A deductible is the amount for which a homeowner is responsible before an insurance company steps in to cover costs. Choosing where to set your deductible can have a major impact on how much you pay for homeowners insurance.
When thinking about your deductible, a good rule of thumb is that the lower your deductible, the higher your premiums. As such, if you want your insurance rates to remain low, aim for a higher deductible. Be mindful of the fact that your deductible should only be as high as you can reasonably pay if you suffer a loss.
The following table reveals the average premiums affiliated with most deductibles.
| Deductible Level | Average Annual Home Insurance Rate |
| $500 | $926 |
| $1,000 | $838 |
| $1,500 | $790 |
| $2,000 | $730 |
| $5,000 | $624 |
If saving money is your main concern, you might purchase insurance for your home and auto through the same insurance company. Bundling homeowners and auto insurance can save you a substantial sum each month on your auto insurance bill. By bundling your policies, Seattle homeowners could see annual savings of 11% on average.
| Company | Avg. Annual Auto Insurance Rate (With Bundle) |
| PEMCO Insurance | $851 |
| USAA | $910 |
| Progressive | $1,043 |
| GEICO | $1,128 |
| State Farm | $1,140 |
It's definitely worth considering bundling both your auto and home policies as a potential way of saving money.
