Washington has a homeowner rate of 64.9% as of 2018. 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 and knowing that these claims are filed in response to experienced needs, like property damage or loss, 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 the 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, AM Best and the Better Business Bureau. Each of these entities provides insight into a different element of the homeowners insurance company.
- Allstate: Allstate was chosen for its superior ratings from AM Best and the BBB, 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.
- Amica Mutual: Amica Mutual received the best ratings overall from J.D. Power, AM Best, and the BB, making it number one on our list. Amica has several insurance products, including auto, home, codo, renters, umbrella, motorcycle, life, retirement, event and small business coverages.
- ASI Progressive: Thanks to its numerous discounts and superior ratings from AM Best and the BBB, ASI Progressive made it into our top five best homeowner insurance companies. This company offers home, condo, renters, seasonal, umbrella and flood coverage.
- Farmers: Farmers made the cut due to its superior rating with the BBB, 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.
- State Farm: 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
The Insurance Information Institute reports that the average cost of homeowners insurance in Washington state was $854 as of 2017 (newer aggregate data is not yet available). Below are rates for each of our top five companies for the best Washington homeowners insurance.
Where applicable, the prices are averages taken directly from the company in question. Where necessary, the rates were obtained using the following profile of a homeowner: 35-year-old single male, insuring a $495,000 home in Seattle with 1,480 square feet, no add-on coverages, within 10 miles of a fire department and 1,000 feet of a fire hydrant, no pets, no smokers, one resident and no property claims filed in the last five years.
- Allstate: $134 monthly, or $1,608 annually
- Amica mutual: $95 monthly, or $1,137 annually
- ASI Progressive: Self-reported as averaging at $69 per month or $828 per year in Washington state
- Farmers: $52.33 monthly, or $628 annually
- State Farm: $93.91 monthly, or $1,127 annually
Despite the risks of earthquakes and adverse weather in Washington state, the average cost of homeowners insurance in Washington is $375 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. California is the exception because of a higher frequency of damaging weather and the associated increase in the number of claims filed by homeowners.
Home insurance coverage options 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 extension of the HO-1 in that it covers the same 10 risks but also covers 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 it comes to 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 (38.2%), followed closely by fire and lightning (35.1%). 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
What is the best homeowners insurance in Washington?
According to our research, Amica Mutual is the best homeowner insurance company that services Washington state in most cases. However, everyone has their own needs. Get several quotes and compare options to make sure you find the best option for you.
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 yearly cost of homeowners insurance in Washington can range from $628 to $1,608. The final price will depend on your policy, your property, your insurers and your credit history.