Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Best homeowners insurance in Washington for 2024
USAA, Allstate, Chubb, Nationwide and State Farm are among the best home insurance companies in the state of Washington.
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Compare the best homeowners insurance companies in Washington
Based on our assessment of rate data from Quadrant Information Services and several other industry-specific factors, we've identified USAA, Chubb, Nationwide Allstate and State Farm as some of the best home insurance companies in Washington. The table below showcases each insurer’s Bankrate Score, which reflects how the company performed in various categories like product availability, average premiums, customer satisfaction and more.
|
|
|
|
|
---|---|---|---|---|
4.7
|
$92
|
$1,101
|
||
4.3
|
$154
|
$1,844
|
||
4.3
|
$78
|
$933
|
||
4.2
|
$106
|
$1,272
|
||
4.2
|
$101
|
$1,208
|
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Bankrate's trusted insurance industry expertise
Read our full methodologyThe home insurance market can be complicated, but Bankrate's insurance editorial team used our unique perspective to bring readers information they need to make educated decisions when shopping for home insurance.
46
years of industry expertise
122
carriers reviewed
34.5K
ZIP codes examined
1.2M
quotes analyzed
The top 5 home insurance companies in Washington
USAA, Chubb, Nationwide, Allstate and State Farm are among the best homeowners insurance providers in Washington state, per Bankrate’s research. These companies offer impressive customer service and financial strength ratings, and many offer low average homeowners insurance rates. If you're shopping for the best Washington homeowners insurance, you may want to compare quotes from these five companies:
Best for military-focused coverage
4.7
4.7
Avg. premium for $300K dwelling
$92/mo
Avg. premium for $300K dwelling
$1,101/yr
Customer satisfaction
881/1,000
-
Why USAA made our list: With a low average annual rate, high customer satisfaction score and superior financial strength, USAA took the top spot in our Bankrate Score analysis. It also won, for the third year in a row, the 2024 Bankrate Award for Best Home Insurance Company Overall (in a tie with Allstate). The company tailors many of its policies to the unique needs of military families, with coverage for things like uniforms. If you are an eligible homeowner, USAA could be a great choice. However, coverage is only available to active-duty military, veterans and qualifying family members.
Who USAA may be good for: Eligible homeowners who want military-focused coverage options.
Best for high-value homes
4.3
4.3
Avg. premium for $300K dwelling
$154/mo
Avg. premium for $300K dwelling
$1,844/yr
Customer satisfaction
688/1,000
-
Why Chubb made our list: Chubb's Masterpiece homeowners insurance policy comes with extra coverage that could offer peace of mind to homeowners. This includes extended replacement coverage for the structure of the home and replacement cost coverage for your belongings, appliances and cabinetry. Its robust standard policy helped it win the 2024 Bankrate Award for best home insurer for high-value homes. However, Chubb ranked below average in J.D. Power's 2023 Home Insurance Study.
Who Chubb may be good for: Homeowners insuring high-value items or luxury homes.
Best for low average rates
4.3
4.3
Avg. premium for $300K dwelling
$78/mo
Avg. premium for $300K dwelling
$933/yr
Customer satisfaction
641/1,000
-
Why Nationwide made our list: Nationwide tends to offer some of the lowest average annual rates in Washington, based on Bankrate’s home insurance review. On top of that, the company advertises potential discounts that may help lower premiums even more, including bundling, claims-free, roof age and type, gated community and new home purchase discounts. Nationwide received a lower-than-average score in the J.D. Power home insurance study, though, which may indicate that its service falls short of some competitors.
Who Nationwide may be good for: Homeowners seeking budget-friendly coverage from a well-trusted provider.
Best for personalized picks
4.2
4.2
Avg. premium for $300K dwelling
$106/mo
Avg. premium for $300K dwelling
$1,272/yr
Customer satisfaction
631/1,000
-
Why Allstate made our list: Along with USAA, Allstate was awarded a 2024 Bankrate Award for Best Home Insurance Company Overall. Allstate could be a good option if you're looking for a highly-personalized home insurance policy. The company offers plenty of endorsements to help you build the coverage you need like yard and garden coverage, electronic data recovery and water backup coverage. In addition, Allstate has local agents throughout the state for homeowners who prefer one-on-one service. Yet Allstate has one of the lowest J.D. Power scores on our list, so it might not be the best fit for those who value service.
Who Allstate may be good for: Homeowners interested in extensive coverage options.
Best for customer satisfaction
4.2
4.2
Avg. premium for $300K dwelling
$101/mo
Avg. premium for $300K dwelling
$1,208/yr
Customer satisfaction
643/1,000
-
Why State Farm made our list: Between its excellent ratings from J.D. Power and AM Best, its large agent network and its policy add-on options, State Farm ranks highly on our list of Washington home insurance carriers. Home insurance in Washington is not the cheapest through State Farm — its average annual rate is considerably higher than the state average — but the carrier offers several ways to potentially save on coverage. Bundling car and home insurance could be the most effective way, but there are other tactics like installing security measures and using impact-resistant roofing, too.
Who State Farm may be good for: Homeowners who prioritize a smoother claims process.
Additional Washington home insurance companies to consider
Encompass
Homeowners who want to bundle
Encompass writes both home and auto insurance policies. It may be appealing to people who want to bundle their auto and home coverage — the company offers a single deductible and single premium for certain policy packages. However, this provider has a high rate of customer complaints, according to the NAIC.
Farmers
Homeowners who want flexibility
Farmers offers a wide variety of insurance policies, making it an ideal choice for people who want to bundle several insurance products. It also offers the flexibility to manage your policy online or through an agent. However, the Bankrate Score for Farmers home insurance is lower than many of the other providers on our list at 3.6 out of 5.0.
Travelers
Homeowners who want a wide variety of discounts
Travelers offers robust auto and home insurance policies with a wide variety of discount opportunities. If you qualify for one or more discounts, you may land a great price on coverage through Travelers. However, it’s worth keeping in mind that the company has poor ratings for home insurance customer satisfaction per J.D. Power.
Cheapest home insurance companies in Washington
The good news is that there are several cheap home insurance companies in Washington, with average annual rates that are lower than the statewide average of $1,426 and national average of $2,304. Here are some of the cheapest home insurance companies in WA, keeping in mind that your rate will vary based on several factors. If you’re on a tighter budget, you might consider getting a quote from the providers listed below.
|
|
|
|
---|---|---|---|
PEMCO
|
$62
|
$739
|
- $687 |
$78
|
$933
|
- $493 |
|
$92
|
$1,101
|
- $325 |
|
$101
|
$1,208
|
- $218 |
|
$106
|
$1,272
|
- $154 |
How Bankrate chose the cheapest home insurance companies in Washington
Bankrate selected these insurers by comparing average premiums from some of the largest insurers in the state by market share to the state’s average premiums overall. Premium data for 2024 was acquired from Quadrant Information Services.
How to get cheap Washington home insurance
Home insurance is generally only required on homes with a mortgage, but insurance professionals typically recommend policies for all homeowners to prevent financial distress when a major loss occurs. Without home insurance, homeowners will likely have to pay for any home repairs out of pocket. In the case of disasters such as fires and floods, these costs can become exorbitant. With a home insurance policy, some or all of these costs may be covered by your insurer, taking a large part of the financial burden off your plate.
- Assess coverage needs and wants: Determine what types and levels of coverage you want for your home. Keep in mind the relevant natural perils for the area, like flooding, earthquakes or wildfires.
- Shop around: Obtain free quotes from multiple companies that offer home insurance in the area. Be sure to select the same types and amounts of coverage from each. Doing this can help you to find the best rates for the coverage you seek, while also giving you a better idea of what might be a good or bad deal for you.
- Compare quotes: After receiving quotes, consider each one rather than automatically selecting the cheapest. Before choosing, double check that you selected the same types and amounts of coverage from each insurer. At this point, if price is the only differentiator between the companies (discounts, coverage types or other perks), then it might be wise to choose the one with the lowest rates on your list.
- Apply for a policy: After selecting your chosen insurer, apply for a policy through their website, app or one of their agents.
Best home insurance discounts in Washington
The Office of the Insurance Commissioner of Washington State recommends looking for common types of home insurance discounts. When insurers offer discounts, these savings can help eligible policyholders save money on rates.
How to save on home insurance policy renewals in Washington
No matter which state you live in, you may be able to save money on your home insurance premium by taking a few basic steps:
- Perform necessary maintenance: Don’t let your home fall into disrepair. Ensuring your roof is in good shape is essential if you want to keep your premiums low.
- Boost your credit: Insurers often consider your credit history when calculating premiums. Those with better credit typically enjoy lower rates. While increasing your credit score can take time, paying down your debts and paying your bills when they’re due can eventually mean lower insurance premiums.
- Avoid claims: The fewer claims you make, the better it will be for your insurance rate. Of course, you should file a claim when you need to, but if you can avoid it for minor issues, you’ll likely enjoy cheaper premiums. Many insurance professionals suggest you only file a claim when the repair costs are significantly higher than your deductible.
How much is home insurance in Washington?
In 2024, the average cost of home insurance in Washington state is $1,426 per year for $300,000 in dwelling coverage. This is well below the national average of $2,304 per year — despite the risks of earthquakes, adverse weather and wildfires in the state. Insurance costs vary for several reasons, though. Washington has a lower risk of widespread home damage than some other places, which may contribute to its lower-than-average rates.
Washington homeowners insurance rates by city
Home insurance rates will vary depending on where you live. Residents of some cities may pay more than others. Factors like local weather, crime rates and more are all factored into premiums.
- Deer Harbor: $1,258 per year — 12 percent below state average
- Silverdale: $1,263 per year — 11 percent below state average
- Keyport: $1,269 per year — 11 percent below state average
- Port Gamble: $1,272 per year — 11 percent below state average
- Poulsbo: $1,272 per year — 11 percent below state average
- Zillah: $1,705 per year — 20 percent above state average
- Parker: $1,700 per year — 19 percent above state average
- Wapato: $1,670 per year — 17 percent above state average
- Moxee: $1,662 per year — 17 percent above state average
- Outlook: $1,661 per year — 16 percent above state average
*Rates are for $300,000 in dwelling coverage.
What does home insurance cover in Washington?
One of the most important things to know when buying home insurance in Washington is what your policy covers. There may be certain events that your policy excludes, even if you’d expect the damage to be covered. Given the unique risks faced by Washingtonians, these are some of the most common types of damage that result in claims.
- Wind and hail: As many as 39 percent of home insurance claims in the state result from wind or hail damage, making it key to ensure your roof is in good condition. The good news is that this damage is typically covered by your insurance.
- Lighting and fire: Roughly 25 percent of home insurance claims in the state in 2021 resulted from lightning strikes and house fires. Your insurance will also generally cover this damage.
- Freezing and water damage: Another major source of claims during the winter comes from frozen pipes and water damage. Home insurers in the state may cover this damage but could deny your claim if the damage occurred due to negligence.
Additional home insurance coverage types in Washington
Home insurance policies can cover a range of perils. However, when your home is in a place with unique perils or difficulties, it can be wise to add additional coverage options to protect against these threats. In Washington state, some of the biggest perils that homeowners face are fire, flood and severe storms. In fact, the state ranked sixth in the nation for wildfire risk in 2021.
- Earthquake insurance: A standard Washington home insurance policy does not typically include earthquake coverage. You can often purchase earthquake coverage as a home policy endorsement or a separate policy. Not all carriers provide earthquake insurance, but there are companies that specialize in the coverage.
- Flood insurance: As with earthquake insurance, standard home insurance policies do not typically cover flood damage. Flood insurance can be purchased through the National Flood Insurance Program or some private insurers.
- Guaranteed roof replacement: Not all companies offer this option, and not all homes qualify (typically, your roof must be within a certain age range), but guaranteed roof replacement could be worth adding if you have the option. This coverage will pay for the full cost of roof repairs or replacement after a covered peril rather than a depreciated value.
Related content:
Common Washington home insurance problems
Though home insurance rates in Washington are relatively low, that doesn’t mean that the insurance situation in the state is perfect. It’s important for homeowners in the region to understand the risks they face.
- Rising threat of wildfire: Washington is in the top 10 when it comes to states at risk of wildfires. With climate change concerns and fires regularly making the news, residents of the state face an increased risk of loss from these events.
- Rising insurance rates: A combination of detrimental weather events and high levels of inflation have driven insurers’ operating costs here. This can mean big increases in insurance costs for policyholders from year to year.
New
Washington homeowners are seeing more frequent policy cancellations and nonrenewals due to the higher risk insurers would be taking on to cover homes here. The trend is partially due to destructive wildfires in the state in recent years, which resulted in costly claims. In 2022, the insurance commissioner’s office saw a tenfold increase in the number of complaints residents filed over home insurance cancellation notices. Roughly 80 percent of these policyholders lived in wildfire danger zones, and some were notified less than a month before wildfire season was to begin.
Frequently asked questions
Methodology
Bankrate utilizes Quadrant Information Services to analyze November 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates for our base profile are based on the following characteristics and coverage levels:
Dwelling coverage
$300,000Other structures coverage
$30,000Personal property coverage
$150,000Loss of use coverage
$60,000Liability coverage
$500,000Medical payment coverage
$1,000The homeowners also have a $1,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply.
These are sample rates and should be used for comparative purposes only. Your quotes will differ.
Additional profiles:
- Coverage A, Dwelling: $150,000, $350,000, $450,000, $750,000
- Coverage B, Other Structures: $15,000, $35,000, $45,000, &75,000
- Coverage C, Personal Property: $75,000, $175,000, $225,000, $375,000
- Coverage D, Loss of Use: $30,000, $70,000, $90,000, $150,000
- Coverage E, Liability: $500,000
- Coverage F, Medical Payments: $1,000
Bankrate Scores
Our Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories.
Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlighting where they fall short.
-
Cost & ratings 50%
-
Coverage & savings 30%
-
Support 20%
- Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, average quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech and the NAIC, were analyzed.
- Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
- Tier 3 (Support): To encompass the many ways a home insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.
Tier scores are unweighted to show the company's true score in each category out of a possible five points.