Washington has a homeowner rate of 63.8% as of 2019 and an average cost of homeowners insurance of $975 for dwelling coverage of $250,000. When you consider that roughly 1 in 20 homes will file a homeowners insurance claim each year, you can expect a lot of claims. Considering these numbers, it’s easy to see why Washington homeowners insurance is so important.
When looking for the best Washington homeowners insurance, look for a company that provides coverage for local natural disasters like earthquakes, floods and landslides. Due to the Cascadia subduction zone, Washington state has the second-highest risk for earthquakes.
We’ve analyzed the best homeowners insurance providers across the United States and Washington to help you find the coverage you need.
Best home insurance in companies in Washington
Our top picks for Washington homeowners insurance companies were selected based on a combination of third-party ranking systems including the J.D. Power & Associates customer satisfaction report for homeowners insurance and information about rates, discounts and coverage options.
|Home insurance company||Average annual premium for $250K liability||J.D. Power customer satisfaction score|
Allstate was chosen for its superior ratings from AM Best, along with its community investment projects and its extensive spread of insurance products. Allstate offers lots of insurance products, making it easy to bundle coverage. Some of the more unique options include identity theft protection, snowmobile, pet, retirement and savings and landlord insurance.
Auto-Owners Insurance has competitively low homeowners insurance rates in Washington and placed third in J.D. Power’s U.S. Home Insurance Study. Customer service ratings are high with low complaint ratios, plus a superior rating with AM Best. Auto-Owners offers multi-policy discounts for auto and life insurance, including unique homeowners discounts like mortgage-free and automatic backup generators.
Farmers made the cut due to its excellent rating with AM Best, and its extensive options for both coverage and discounts. You can get auto, home, renters, landlord, life, business, motorcycle and recreational insurance through Farmers.
The partnership between American Strategic Insurance and Progressive has opened the door for even more discounts for homeowners and auto insurance in Washington and other states. ASI Progressive made our top five for their competitive home rates, superior ratings with AM Best and strategic partnerships for home and life insurance with companies like Fidelity Life and John Hancock Insurance.
Between its excellent ratings from our third-party evaluators, its strong agent representation in Washington and its policy add-on options, State Farm came in second. State Farm offers the typical coverage as well as disability, liability and small business insurance.
Average homeowners insurance cost in Washington
Despite the risks of earthquakes and adverse weather in Washington state, the average cost of homeowners insurance in Washington is $502 below the national average. This is tied in with a long-term trend of decreasing frequency of claims filed by homeowners in Washington state, as is shown within this report by the Insurance Research Council.
Washington shares this low cost of homeowners insurance with most of the surrounding states. Idaho’s average annual premium for homeowners insurance is $936 while Oregon’s is $776. California is the exception at $1,101 because of a higher frequency of damaging weather and the associated increase in the number of claims filed by homeowners.
Home insurance considerations in Washington
When searching for the best home insurance in Washington, the type of coverage you choose is important to ensure your property is adequately protected. There are several policy types to choose from with various coverage add-ons to consider when building your homeowners insurance package.
Recommended coverages in Washington
Different states have different needs for homeowners insurance coverage types. The local weather, landscape and other potential risks play into determining which coverage options represent the best Washington homeowners insurance for you. Below are the primary types of homeowners insurance, with those designed for renters, mobile homes and condos excluded:
- HO-1: The most basic policy type, this generally covers 10 threats to your property. These threats are explosions, volcanic eruptions, riots, damage from aircraft, theft, vandalism, damage from vehicles, hail and windstorms, lighting and fire.
- HO-2: The broad-form policy works like an HO-1 extension, covering the same 10 risks and damage from electricity, bulging and cracking of pipes, water and steam, HVAC freezing, damage from ice and snow and falling objects.
- HO-3: The HO-3 covers everything within the HO-1 and HO-2 policy types, but it also is built to add additional customizable coverage based on your insurance company and your property specifics. These are the most common type of homeowner insurance policies.
- HO-5: The HO-5 is known as a comprehensive policy, and it covers all of what the previous types do and often has further coverage add-ons depending on your insurer. However, they usually still preclude risks from smog, mold, fungus, rot, nuclear hazard, pets, settling of structure, wear and tear and floods.
- HO-8: This type of policy is geared towards older homes.
When insuring a home in Washington, you’ll also want to assess how close to the Cascadia subduction zone your property is. The odds are good that you’ll want to add earthquake coverage to your policy. The easiest way to do this is to get an HO-3 policy with your insurer and request earthquake coverage as an add-on. Other add-ons to consider for Washington state are ice, snow and flooding.
Common causes of home insurance losses in Washington
The Insurance Information Institute has compiled averages of the various types of homeowner losses and compiled them by frequency. These losses are based on claims filed by homeowners. While the data deals with national averages, for Washington state, we need to pay special attention to the storm and earthquake-related damages. Add-on coverage to protect you from threats that aren’t covered within your primary policy is commonly referred to as hazard insurance.
The top category of damages that homeowners file claims on in the U.S. is wind and hail (34.4%), followed closely by fire and lightning (32.7%). While Washington does experience less damaging weather of these types than the national average, they still constitute one of the most significant threats to homes and properties within the state.
Frequently asked questions
How do I get homeowners insurance in Washington?
Each of the best homeowners insurance companies covered in this review has online portals that you can apply through and where you can find phone numbers to talk directly to one of their agents. Some of them will have local offices within your city or nearby.
What homeowners insurance policy should I get in Washington?
Most likely, you will want an HO-3 policy with some add-ons, including flood and earthquake.
How much does homeowners insurance cost in Washington?
Amongst the companies reviewed, and for the profile we used, the average yearly cost of homeowners insurance in Washington is $975. The final price will depend on your policy, the property type and location, persons insured and credit history.
Bankrate utilizes Quadrant Information Services to analyze 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 may be different.
Rates are determined based on 2020 Quadrant Information Services data.