Best & Cheapest Homeowners Insurance in Tacoma, WA May, 2024
Allstate provides the most affordable home insurance choice for Tacoma homeowners, with an average annual quote of $972.
In our comprehensive review of home insurance providers in Tacoma, Washington, Allstate emerges as the most budget-friendly option, with an average yearly rate of $972. However, it’s important to recognize that the best insurer can vary depending on your individual circumstances and needs.
For example, if your credit score is low, Allstate offers the most economical choice with an average annual premium of $1,533. On the other hand, if you have an older home, Nationwide stands out with competitive rates of $1,007 annually and comprehensive coverage.
Conversely, if you own a newly built home, Chubb provides the most cost-effective solution at $720 per year. And for those with a history of claims, State Farm offers an affordable and accommodating option at $1,497 annually.
Furthermore, if you possess valuable personal belongings that require protection, Chubb proves to be the top pick, providing extensive coverage at a reasonable rate of $1,096 per year.
Our thorough analysis at Insuranceopedia aims to help you find the perfect fit for your home insurance needs. By comparing customer ratings, evaluating personal experiences, and presenting comparison charts, we provide all the necessary information to make a well-informed decision.
How much is homeowners insurance in Tacoma, WA?
Allstate provides the most affordable homeowners insurance rate in Tacoma, priced at $972 per year.
| Area | Average Monthly Rate |
| National | $1,820 |
| Washington | $1,114 |
| Tacoma | $1,257 |
It’s important to understand that insurance rates aren’t uniform; they can vary significantly based on various factors.
Cheapest Homeowners Insurance in Tacoma, WA
Our Methodology
To find the most cost-effective home insurance rates in Tacoma, 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.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
Cheapest Homeowners Insurance in Tacoma, WA
Allstate stands out as the most economical option for homeowners insurance in Tacoma, WA, offering an average annual rate of $972.
| Company | Annual Premium |
| Allstate | $972 |
| Chubb | $1,012 |
| USAA | $1,367 |
| State Farm | $1,566 |
| Country Financial | $1,988 |
The cost of your policy depends on several factors, including your location, your home’s value, and your claims history. Allstate provides a balanced mix of affordability and comprehensive coverage.
Cheapest Homeowners Insurance If You Have an Older Home
For older homes, Nationwide provides the most affordable rates, averaging $1,007 per year.
| Insurance Company | Average Annual Premium |
| Nationwide | $1,007 |
| USAA | $1,229 |
| State Farm | $1,432 |
| Farmers | $1,475 |
| Country Financial | $1,950 |
Historic houses often have special risks and upkeep issues, which might mean higher insurance costs. Nonetheless, Nationwide provides competitive prices and thorough coverage designed specifically for the needs of older homes.
Cheapest Homeowners Insurance for Newly Constructed Homes
Chubb offers the most budget-friendly option for newly built homes, with an average yearly rate of $720.
| Insurance Company | Average Annual Premium |
| Chubb | $720 |
| Allstate | $790 |
| State Farm | $1,012 |
| USAA | $1,242 |
| Country Financial | $1,418 |
Newly built homes often need different insurance coverage than older ones, and Chubb stands out for offering affordable policies customized to meet these specific needs.
Cheapest Homeowners Insurance If You Have Poor Credit
Allstate provides the most budget-friendly option for individuals with a poor credit score, with an average annual rate of $1,533.
| Insurance Company | Average Annual Premium |
| Allstate | $1,533 |
| Travelers | $1,675 |
| USAA | $2,063 |
| Chubb | $2,072 |
| State Farm | $3,077 |
Your credit score can have a big impact on your insurance rates because insurers use it to assess risk. Allstate recognizes the importance of providing fair coverage to everyone, regardless of their financial history.
Cheapest Home Insurance for a History of Claims
| Insurance Company | Average Annual Premium |
| State Farm | $1,497 |
| Allstate | $1,642 |
| Auto-Owners | $2,098 |
| Chubb | $2,250 |
| Farmers | $3,032 |
A history of claims can signal higher risk for insurers, which can result in higher premiums. However, State Farm believes in giving second chances and offers reasonable rates for individuals with past claims.
Cheapest Home Insurance Rates for Lots of Personal Property
Chubb provides the most affordable rates for homeowners with a significant amount of personal property, averaging $1,096 annually.
| Insurance Company | Average Annual Premium |
| Chubb | $1,096 |
| USAA | $1,197 |
| MetLife | $1,461 |
| State Farm | $1,687 |
| Country Financial | $2,142 |
As your personal property increases, your coverage needs also go up, often resulting in higher premiums. However, Chubb offers comprehensive coverage at reasonable rates, ensuring that all your belongings are adequately protected.
Best Homeowners Insurance Companies in Tacoma, WA
Selecting the right homeowners insurance isn’t just important; it’s a strategic choice. With Tacoma’s rich history, its homes are as diverse as its residents. Therefore, finding an insurance provider that offers thorough coverage at competitive rates is crucial.
To simplify your decision-making, we’ve put together a list of the top homeowners insurance companies in Tacoma, WA. These companies have been evaluated based on factors like annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Take a look at our comparison chart below to find the ideal match for your home insurance requirements.
| Company | Annual Premium | |
| 1. | Allstate | $972 |
| 2. | Chubb | $1,012 |
| 3. | Allied | $1,000 |
| 4. | USAA | $1,367 |
| 5. | MetLife | $1,009 |
| 6. | Travelers | $1,360 |
| 7. | State Farm | $1,566 |
| 8. | Country Financial | $1,988 |
| 9. | Farmers | $1,741 |
Average Home Insurance Rates by Zip Codes
Homeowners insurance costs in Tacoma, WA can vary greatly depending on the zip code. Below are tables displaying rates for different zip codes in Tacoma, including the cheapest and the five most expensive zip codes in the area for annual home insurance premiums.
| ZIP Code | Average Insurance Premium (Annual) |
| 98409 | $1,090 |
| 98406 | $1,116 |
| 98407 | $1,210 |
| 98467 | $1,108 |
| 98498 | $1,209 |
| 98408 | $1,135 |
Cheapest Zip Codes
| ZIP Code | Average Insurance Premium (Annual) |
| 98467 | $1,108 |
| 98401 | $1,146 |
| 98409 | $1,090 |
| 98406 | $1,116 |
Most Expensive Zip Codes
| ZIP Code | Average Insurance Premium (Annual) |
| 98407 | $1,210 |
| 98446 | $1,270 |
| 98498 | $1,409 |
| 98466 | $1,302 |
Average Home Insurance Rates in Tacoma, WA by Deductible Amount
The chosen deductible amount for a homeowners insurance policy has a significant impact on premium rates in Tacoma, WA. Here’s how the average home insurance rates change for different deductible amounts:
| Deductible Amount | Average Annual Premium |
| $500 | $2,372 |
| $1,000 | $2,086 |
| $1,500 | $1,817 |
| $2,000 | $1,798 |
Average Home Insurance Rates in Tacoma, WA By Coverage Amount
One critical factor affecting 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 showing the average annual homeowners insurance premiums for various dwelling coverage amounts.
| Dwelling Coverage Amount | Average Annual Premium |
| $200,000 | $860 |
| $250,000 | $953 |
| $300,000 | $1,142 |
| $350,000 | $1,398 |
| $400,000 | $1,579 |
Average Home Insurance Rates in Tacoma, WA by Company
Here’s a comparison of annual premiums from leading insurance providers in Tacoma.
| Company | Annual Premium |
| Allstate | $972 |
| Chubb | $1,012 |
| Travelers | $1,360 |
| State Farm | $1,566 |
| Allied | $1,000 |
| USAA | $1,367 |
| MetLife | $1,009 |
| Country Financial | $1,988 |
| Farmers | $1,741 |
Getting Online Homeowners Insurance Quotes in Washington
Platforms like Insuranceopedia make it easy to find the perfect coverage for your specific needs. With quick online quotes from top-rated insurers, Insuranceopedia allows you to compare rates effortlessly.
Just enter your details, and let us find a range of options tailored to your requirements. This empowers you to confidently choose a policy that offers the best value, balancing cost and comprehensive coverage.
FAQs
Who has the cheapest home insurance in Tacoma, WA?
In Tacoma, Washington, Allstate offers the most budget-friendly home insurance option, with an annual premium of $972.
What is the average cost of home insurance in Tacoma, WA?
On average, homeowners insurance in Tacoma, Washington typically costs around $1,257 annually.
