Best & Cheapest Homeowners Insurance in Seattle, WA April, 2024

Allstate offers the cheapest home insurance option for Seattle homeowners, with an average annual quote of $985.

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Updated: 19 March 2024
Written by
Bob Phillips
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In our comprehensive review of home insurance providers in Seattle, Washington, Allstate emerges as the most budget-friendly option, with an average yearly rate of $985. However, it’s important to recognize that the best insurer can vary depending on your individual circumstances and needs.

For instance, if your credit score has been negatively affected, Travelers offers the most economical choice with an average annual premium of $1,498. Conversely, if you have an older home, State Farm stands out with competitive rates of $1,266 annually and comprehensive coverage.

On the flip side, if you own a newly built home, USAA provides the most cost-effective solution at $811 per year. And for those with a history of claims, Farmers offers an affordable and accommodating option at $1,423 annually.

Furthermore, if you possess valuable personal belongings that require protection, Allstate once again proves to be the top pick, providing extensive coverage at a reasonable rate of $1,227per year.

Our thorough analysis at Insuranceopedia aims to assist you in finding the perfect fit for your home insurance needs. By comparing customer ratings, evaluating personal experiences, and presenting comparison charts, we strive to provide you with all the necessary information to make a well-informed decision.

How much is homeowners insurance in Seattle, WA?

Allstate offers the most affordable homeowners insurance rate in Seattle, priced at $985 per year.

As indicated below, rates in Seattle are below both the national average and the average rate for the state of Washington.

Area Average Monthly Rate
National $1,820
Washington $1,114
Seattle $1,082

It’s essential to recognize that insurance rates aren’t uniform; they can differ significantly based on various factors.

For instance, your individual driving history plays a critical role; having a record of traffic violations or accidents typically leads to higher premiums compared to having a clean record. The type and make of your vehicle also play a part, as high-performance or luxury cars often incur higher insurance costs.

Moreover, your location can affect rates, with densely populated urban areas typically experiencing higher premiums due to increased risks of theft or accidents. Additionally, factors such as age and marital status can also impact your car insurance premiums.

Cheapest Homeowners Insurance in Seattle, WA

Our Methodology

To identify the most cost-effective home insurance rates in Seattle, we conducted an analysis using data from multiple home insurance review platforms. Some of these platforms assessed rates sourced from public filings obtained by Quadrant Information Services. We've computed an average of these rates for this review. However, it's crucial to recognize that the rates provided by each company can change regularly and may vary depending on your unique circumstances. Furthermore, our comprehensive rating considers my subjective opinion, drawing from fifteen years of experience as a licensed insurance agent and over three decades of purchasing home insurance.

66

Quotes Analyzed

15+

Years Of Industry Experience

24

Brands Reviewed

40+

Research Hours

Cheapest Homeowners Insurance in Seattle, WA

Allstate is notable as the most economical option for homeowners insurance in Seattle, WA, providing an average annual rate of $985.

Company Annual Premium
Allstate $985
Chubb $1,006
Farmers $1,167
USAA $1,278
State Farm $1,298

The cost of your policy depends on several factors, including where you live, your home’s value, and your claims history. Allstate offers a balanced mix of affordability and comprehensive coverage.

Cheapest Homeowners Insurance If You Have an Older Home

For older homes, State Farm offers the most affordable rates, averaging $1,266 per year.

Insurance Company Average Annual Premium
State Farm $1,266
Chubb $1,283
USAA $1,426
Foremost $1,820
PURE $2,119

Older homes often come with unique risks and maintenance challenges, which can potentially increase insurance expenses. However, State Farm offers competitive rates and comprehensive coverage tailored to meet the specific needs of older homes.

Cheapest Homeowners Insurance for Newly Constructed Homes

For newly constructed homes, USAA offers the most affordable option, with an average annual rate of $811.

Insurance Company Average Annual Premium
USAA $811
Chubb $857
State Farm $1,006
Farmers $1,051
Country Financial $1,209

Newly constructed homes often require different coverage compared to older ones, and USAA excels in providing affordable policies tailored to these specific requirements.

Cheapest Homeowners Insurance If You Have Poor Credit

If you have a poor credit score, Travelers offers the most affordable solution, with an average annual rate of $1,498.

Insurance Company Average Annual Premium
Travelers $1,498
Allstate $1,724
USAA $1,991
Chubb $2,048
State Farm $2,565

Your credit score can significantly influence your insurance rates as insurers utilize it to evaluate risk. Travelers acknowledges the importance of offering fair coverage to everyone, regardless of their financial history.

Cheapest Home Insurance for a History of Claims

For homeowners with a history of claims, Farmers provides an affordable solution, with an average annual rate of $1,423.

Insurance Company Average Annual Premium
Farmers $1,423
Auto-Owners $1,548
Nationwide $1,959
Chubb $2,550
Foremost $2,841

A history of claims can indicate higher risk for insurers, often leading to increased premiums. However, Farmers believes in offering second chances and provides reasonable rates for individuals with past claims.

Cheapest Home Insurance Rates for Lots of Personal Property

If you own a substantial amount of personal property, Allstate offers the most affordable rates, averaging $1,227 annually.

Insurance Company Average Annual Premium
Allstate $1,227
Chubb $1,256
Farmers $1,309
State Farm $1,365
USAA $1,370

As your personal property increases, so do your coverage needs, which can lead to higher premiums. However, Allstate provides comprehensive coverage at reasonable rates, ensuring that all your belongings are adequately protected.

Best Homeowners Insurance Companies in Seattle, WA

Choosing the right homeowners insurance isn’t just necessary; it’s a strategic decision. With Seattle’s rich history, its homes are as unique as its residents. Therefore, finding an insurance provider that offers comprehensive coverage at competitive rates becomes crucial.

To streamline your decision-making process, we’ve compiled a list of the top homeowners insurance companies in Seattle, WA. These companies have been assessed based on criteria such as annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Take a look at our comparison chart below to find the perfect match for your home insurance needs.

  Company Annual Premium
1. Allstate $985
2. Chubb $1,006
3. Auto-Owners $1,025
4. Nationwide $1,038
5. Farmers $1,167
6. USAA $1,278
7. State Farm $1,298
8. Foremost $1,312
9. Country Financial $1,779

Average Home Insurance Rates by Zip Codes

The cost of homeowners insurance in Seattle, WA can vary significantly depending on the zip code. Below are tables showing rates for various zip codes in Seattle, including the five cheapest and five most expensive zip codes in the area for annual home insurance premiums.

ZIP Code Average Insurance Premium (Annual)
98133 $1,078
98118 $1,118
98105 $1,134
98144 $1,110
98109 $1,125
98125 $1,071

Cheapest Zip Codes

ZIP Code Average Insurance Premium (Annual)
98134 $1,090
98106 $1,109
98144 $1,110
98131 $1,107
98136 $1,111

Most Expensive Zip Codes

ZIP Code Average Insurance Premium (Annual)
98195 $1,194
98164 $1,146
98199 $1,151
98102 $1,149
98101 $1,215

Average Home Insurance Rates in Seattle, WA by Deductible Amount

The selected deductible amount for a homeowners insurance policy has a significant impact on premium rates in Seattle, WA. Here’s how the average home insurance rates fluctuate for different deductible amounts:

Deductible Amount Average Annual Premium
$500 $2,739
$1,000 $2,517
$1,500 $2,388
$2,000 $2,213

Average Home Insurance Rates in Seattle, WA By Coverage Amount

One crucial factor influencing your premium is the dwelling coverage amount. This figure represents the maximum sum your insurance company will pay to rebuild or repair your home if it’s damaged or destroyed.

Below is a comparison chart illustrating the average annual homeowners insurance premiums for various dwelling coverage amounts.

Dwelling Coverage Amount Average Annual Premium
$200,000 $851
$250,000 $943
$300,000 $1,132
$350,000 $1,307
$400,000 $1,578

Average Home Insurance Rates in Seattle, WA by Company

Here’s a comparison of annual premiums from top insurance providers in Seattle.

Company Annual Premium
Allstate $985
Chubb $1,006
Auto-Owners $1,025
Nationwide $1,038
Farmers $1,167
USAA $1,278
State Farm $1,298
Foremost $1,312
Country Financial $1,779

How Much is Homeowners Insurance for Other Cities in Washington?

Here’s a comprehensive comparison chart displaying the most affordable annual premiums across different cities in Washington.

City Annual Premium
Vancouver $1,115
Kent $1,219
Spokane $1,049
Tacoma $1,204

Getting Online Homeowners Insurance Quotes in Washington

With informative platforms like Insuranceopedia, finding the perfect coverage for your specific needs is just a few clicks away. By providing quick online quotes from various top-rated insurers, Insuranceopedia allows you to effortlessly compare rates.

Simply enter your details, and let us do the work for you by presenting a range of options customized to your requirements. This empowers you to confidently choose a policy that offers the best value, striking a balance between cost and comprehensive coverage.

FAQs

Who has the cheapest home insurance in Seattle, WA?

Allstate provides the most budget-friendly home insurance option in Seattle, Washington, with an annual premium of $985.

What is the average cost of home insurance in Seattle, WA?

On average, homeowners insurance in Seattle, Washington, typically costs around $1,082 annually.

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