Best & Cheapest Homeowners Insurance in Washington April, 2024

Allstate offers the cheapest home insurance option for Washington homeowners, with an average annual quote of $684.

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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 Washington, Allstate emerges as the most budget-friendly option, with an average yearly rate of $684. 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, State Farm offers the most economical choice with an average annual premium of $710. Conversely, if you have an older home, Chubb stands out with competitive rates of $1,079 annually and comprehensive coverage.

On the flip side, if you own a newly built home, Nationwide provides the most cost-effective solution at $489 per year. And for those with a history of claims, USAA offers an affordable and accommodating option at $1,430 annually.

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 Washington?

Allstate offers the most affordable homeowners insurance rate in Washington, priced at $684 per year.

As indicated below, rates in Washington are below the national average.

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

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 Washington

Cheapest Homeowners Insurance, Washington, 2024

Our Methodology

To identify the most cost-effective home insurance rates in Washington, 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 Washington

Allstate is notable as the most economical option for homeowners insurance in Washington, providing an average annual rate of $684.

Company Annual Premium
Allstate $684
USAA $1,038
Auto-Owners $1,097
Nationwide $1,104
Chubb $1,204

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, Chubb offers the most affordable rates, averaging $1,079 per year.

Insurance Company Average Annual Premium
Chubb $1,079
Nationwide $1,098
USAA $1,326
Farmers $1,367
State Farm $1,419

Older homes often come with unique risks and maintenance challenges, which can potentially increase insurance expenses. However, Chubb 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, Nationwide offers the most affordable option, with an average annual rate of $489.

Insurance Company Average Annual Premium
Nationwide $489
Chubb $557
State Farm $608
Allstate $765
Country Financial $917

Newly constructed homes often require different coverage compared to older ones, and Nationwide 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, State Farm offers the most affordable solution, with an average annual rate of $710.

Insurance Company Average Annual Premium
State Farm $710
Allstate $723
Nationwide $1,125
Country Financial $2,119

Your credit score can significantly influence your insurance rates as insurers utilize it to evaluate risk. State Farm 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, USAA provides an affordable solution, with an average annual rate of $1,430.

Insurance Company Average Annual Premium
USAA $1,430
State Farm $1,496
Auto-Owners $1,659
Nationwide $2,089
Chubb $2,256

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

Best Homeowners Insurance Companies in Washington

Choosing the right homeowners insurance isn’t just necessary; it’s a strategic decision. With Washington’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 Washington. 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 $684
2. State Farm $2,440
3. USAA $1,038
4. Auto-Owners $1,097
5. Nationwide $1,104
6. Farmers $1,299
7. Chubb $1,204
8. Country Financial $1,848

Average Home Insurance Rates in Washington by Deductible Amount

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

Deductible Amount Average Annual Premium
$500 $998
$1,000 $1,003
$1,500 $852
$2,000 $786

Average Home Insurance Rates in Washington 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 $878
$250,000 $948
$300,000 $1,167
$350,000 $1,301
$400,000 $1,535

Average Home Insurance Rates in Washington by Company

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

Company Annual Premium
Allstate $684
State Farm $2,440
USAA $1,038
Auto-Owners $1,097
Nationwide $1,104
Farmers $1,299
Chubb $1,204
Country Financial $1,848

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 Washington?

Allstate provides the most budget-friendly home insurance option in Washington, with an annual premium of $684.

What is the average cost of home insurance in Washington?

On average, homeowners insurance in Washington, typically costs around $1,114 annually.

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