Best homeowners insurance in Washington, D.C. of 2021

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The current rate of home ownership in Washington D.C. is 41.6%, well below the national average of 65.8%. The cost of homeowners insurance in Washington, D.C. is also lower than what is found across the nation. A policy with $250,000 in dwelling coverage averages $902 annually for D.C. residents, far below the national rate of $1,477. The best homeowners insurance company in Washington D.C. for your situation may be found by comparing multiple carriers and understanding what particular coverages might be necessary for your property.

Best home insurance companies in Washington, D.C.

To discover which might be the best home insurance companies in Washington D.C., Bankrate compared several carriers and how each stacks up by third-party rating agencies and other variables. Ratings from the 2020 J.D. Power customer satisfaction studies and those for financial stability were considered, in addition to coverage and discount options and digital assets that were reviewed.

Your choice for the best home insurance company may be dependent upon the same criteria, or something else more tailored for your circumstances. Comparing multiple carriers is the most recommended way to receive the best rates and confirm you are getting the exact coverage you need.

Home insurance company Average annual premium for $250K dwelling J.D. Power customer satisfaction score
Allstate $1,015 882/1,000
Chubb $769 896/1,000
State Farm $1,047 880/1,000
Travelers $904 881/1,000
USAA $1,037 905/1,000

Allstate

While the average Allstate premiums for Washington, D.C. is slightly higher than the state average, rates are below the national average for a 250K dwelling. In addition, the customer service ratings and policy customization options are both strong. Allstate offers a wide range of policy add-ons, including coverage options for your sports equipment, yard and garden and identify theft protection.

Learn more: Allstate Insurance review

Chubb

Chubb is the largest publicly traded insurer in the world and this size translates to advantages for homeowners in Washington D.C. In addition to the lowest rates among providers evaluated, Chubb offers unique coverage options, such as Extended Replacement Cost. This pays out what it costs to rebuild your home at today’s costs, even if it exceeds your policy limits. Other benefits include the HomeScan service, which checks your home for leaks, fault wiring or other potential hazards.

Learn more: Chubb Insurance review

State Farm

State Farm earns an 883 out of 1,000 points in the 2020 J.D. Power Customer Satisfaction study, which is slightly below industry average of 881. However, State Farm does earn an A++ (Superior) AM Best rating, indicating the exceptional financial stability and health of the carrier. While State Farm offers the standard homeowners policy options you expect — dwelling coverage, personal property and liability — the discounts and potential savings associated may have a significant impact on the affordability of your rates. According to the State Farm website, you could save up to $965 simply by bundling home and auto policies. Other discounts that may be easy to obtain include having smoke detectors and alarm systems installed.

Learn more: State Farm Insurance review

Travelers

Travelers also earns an exceptional A++ AM Best Rating, indicating sound financial strength for this carrier. Travelers provides multiple coverage options for a homeowners policy, including special property coverage, which offers more broad coverage than a typical policy. You can also insure your jewelry, silverware and furs with high-value coverage, or with a personal article floater if you have specific items you need to additionally protect.

Learn more: Travelers Insurance review

USAA

USAA earns the highest scores among reviewed providers for customer service, with a 909 out of 1,000 points from J.D. Power — although limited eligibility renders USAA technically rank-ineligible. While the rates for homeowners insurance in Washington D.C. are also competitive, USAA does have strict eligibility requirements. You must be an active member of the military, an immediate family member or a veteran in order to qualify for coverage. If you do meet these requirements, you will have access to a multitude of military-friendly policy options, including replacement cost, loss of use reimbursement for living expenses and identity theft coverage.

Learn more: USAA Insurance review

Average cost of homeowners insurance in Washington, D.C.

The average annual cost of homeowners insurance in Washington D.C. is $902, significantly less than the national average of $1,477. Washington D.C. is prone to natural disasters, such as storms and hail, similar to other states in the mid-Atlantic region. However, Washington D.C. boasts a lower average cost versus its neighbors. For instance, Virginia averages $1,013 annually; Maryland is even more expensive, with an average of $1,113 per year.

Home insurance considerations in Washington, D.C.

Before you finalize a decision regarding your Washington, D.C. homeowners insurance, consider the following factors and coverages that may benefit homeowners in this state. Volatile weather, flooding and higher crime rates could influence the amount of coverages you need for your policy.

Washington, D.C. common causes of loss

Since 1953, FEMA has declared 20 disasters in the Washington D.C.area. Understanding which disasters occurred can help guide your insurance policy is tailored to your circumstances. Common disasters in the area include:

In addition to these natural disasters or hazardous conditions, other factors — such as higher crime rates — can impact the amount of loss in the area.

Recommended coverages in Washington, D.C.

Your homeowners policy in Washington D.C. will have specific types of coverages designed to address possible common damages or losses. While some are standard, others may need to be added to give you a more complete policy.

  • Dwelling coverage: This rebuilds your home in case of damage due to common causes, such as fire, wind, smoke, hail, storms, vandalism and other circumstances. Depending on your preferences and concerns about risk, it may be necessary to discuss with your insurer higher levels of dwelling coverage.
  • Other structures: If you have additional structures on your property, such as a tool shed or detached garage, this policy option will provide coverage for these items.
  • Personal property protection: This covers the items you own inside your dwelling, such as furniture, clothes, electronics and other items. This coverage provides reimbursement if these things are damaged or lost due to a covered peril, like theft or fire. Discuss limits with your insurer to determine how much is necessary for your peace of mind.
  • Flood insurance: It is possible you may need a separate flood insurance policy, since Washington D.C. does have areas with potential flood risk. You can use online tools to determine if your neighborhood is impacted by higher flood rates, or work with a licensed home insurance agent to discuss adequate coverage.

Frequently asked questions

How do I find cheap homeowners insurance in Washington D.C.?

To find the cheapest homeowners insurance in Washington D.C., it may help to compare multiple carriers and receive quotes from each. The rates from one carrier to another vary greatly. Another option is to review all available discounts you may qualify for with each carrier to ensure you are taking advantage of each one.

What is the best homeowners insurance in Washington D.C.?

Several factors are reviewed to determine which carrier offers the best homeowners insurance in Washington D.C., not only for competitive rates, but also customer satisfaction, digital tools and financial strength. These providers can give you a starting place for comparison-shopping, but the best provider for each homeowner is subjective to your coverage needs and provider preferences.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits:

  • Coverage A, Dwelling: $250,000
  • Coverage B, Other Structures: $25,000
  • Coverage C, Personal Property: $125,000
  • Coverage D, Loss of Use: $50,000
  • Coverage E, Liability: $300,000
  • Coverage F, Medical Payments: $1,000

The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).

These are sample rates and should be used for comparative purposes only. Your quotes will differ.

Written by
Sara Coleman
Insurance Contributor
Sara Coleman has three years of experience in writing for insurance domains such as Bankrate, The Simple Dollar, Reviews.com, Coverage.com and numerous other personal finance sites. She writes about insurance products such as auto, homeowners, renters and disability.