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Best homeowners insurance in Washington for 2022

Updated Dec 02, 2022
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How Bankrate chose the best home insurance companies in Washington

In our search for the best homeowners insurance in Washington, we looked at data on the largest companies in the state by market share. We started by analyzing average rate data from Quadrant Information Services. Then, we reviewed each company’s coverage options, discounts, digital tools and third-party scores from AM Best and the J.D. Power 2022 U.S. Home Insurance Study. We combined this information into our proprietary Bankrate Score model, which rates the companies on a scale of 0.0 to 5.0. The higher a company’s Bankrate Score, the more highly it ranked in the combined rating categories.

Best home insurance companies in Washington

According to our research, USAA, State Farm, Chubb, Nationwide and Allstate sell the best homeowners insurance in Washington State. These companies offer impressive customer service and financial strength ratings, and many offer cheap homeowners insurance premiums, on average. If you’re shopping for the best Washington homeowners insurance, you may want to compare quotes from these five companies:

USAA
Rating: 4.8 stars out of 5
4.8
Bankrate Score
Info Hover for more
AM Best
A++
J.D. Power
884
/1,000
Average monthly premium
$53
Average annual premium
$639
Get a quote
State Farm
Rating: 4.7 stars out of 5
4.7
Bankrate Score
Info Hover for more
AM Best
A++
J.D. Power
829
/1,000
Average monthly premium
$141
Average annual premium
$1,691
Read review
Chubb
Rating: 4.4 stars out of 5
4.4
Bankrate Score
Info Hover for more
AM Best
A++
J.D. Power
809
/1,000
Average monthly premium
$103
Average annual premium
$1,238
Get a quote
Nationwide
Rating: 4.1 stars out of 5
4.1
Bankrate Score
Info Hover for more
AM Best
A+
J.D. Power
816
/1,000
Average monthly premium
$46
Average annual premium
$551
Get a quote
Allstate
Rating: 3.9 stars out of 5
3.9
Bankrate Score
Info Hover for more
AM Best
A+
J.D. Power
815
/1,000
Average monthly premium
$63
Average annual premium
$750
Get a quote
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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.

*USAA not officially ranked by J.D. Power due to eligibility restrictions

Best home insurance company for military-focused coverage

J.D. Power:
884 /1,000
AM Best:
A ++
Avg. annual premium for 250k dwelling
$ 639
USAA Insurance review

Explore Bankrate's review

Best home insurance company for customer satisfaction

J.D. Power:
829 /1,000
AM Best:
A ++
Avg. annual premium for 250k dwelling
$ 1,691
State Farm Insurance review

Explore Bankrate's review

Best home insurance company for high-value homes

J.D. Power:
809 /1,000
AM Best:
A ++
Avg. annual premium for 250k dwelling
$ 1,238
Chubb Insurance review

Explore Bankrate's review

Best home insurance company for low average rates

J.D. Power:
816 /1,000
AM Best:
A +
Avg. annual premium for 250k dwelling
$ 551
Nationwide Insurance review

Explore Bankrate's review

Best home insurance company for personalized policies

J.D. Power:
815 /1,000
AM Best:
A +
Avg. annual premium for 250k dwelling
$ 750
Allstate Insurance review

Explore Bankrate's review

How much is homeowners insurance in Washington?

The average cost of home insurance in 2022 in Washington State is $899 per year for $250,000 in dwelling coverage which is well below the national average of $1,383 per year, despite the risks of earthquakes, adverse weather and wildfires in the state. Washington State has a lower risk of widespread home damage than some other states, which may contribute to its lower-than-average rates. Although rates are lower, if you’re looking for the cheapest homeowners insurance, shopping around and comparing quotes may be worth considering.

Home insurance in Washington

When searching for the best home insurance in Washington State, choosing coverage to protect your finances from common perils is important. There are several policy types to choose from, with various coverage add-ons to consider when building your homeowners insurance policy.

Common causes of loss in Washington

Each state has its own unique risks that could pose a threat to your home. In Washington, some of the most common causes of home damage are:

  • Wind and hail: Wind damage and hail damage account for about 46 percent of all home insurance claims filed in the nation, and Washington is no exception. Power outages and fallen trees often cause damage in Washington from such storms.
  • Fire and lightning: Washington State ranked sixth in the nation for wildfire risk in 2021. Wildfires, often caused by lightning strikes, can cause substantial damage to homes and property.
  • Earthquakes: Washington State has a high risk for earthquakes due to its proximity to the Cascadia Subduction Zone. The Nisqually Earthquake near Olympia, Washington, in 2001 had a magnitude of 6.8 and caused roughly $2 billion in damages to homes and businesses.

Home insurance coverage options in Washington

Washington residents might want to consider optional coverage to expand their homes and property protections. Some of the most popular options include:

  • 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 cover flood damage. Flood insurance can be purchased through the Federal Emergency Management Agency (FEMA) or select home insurance companies.
  • 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 if you can get guaranteed roof replacement, it could be a good idea. This coverage will pay for the full cost of roof repairs or replacement after a covered peril rather than a depreciated value.

Frequently asked questions

Written by
Cate Deventer
Insurance Writer & Editor
Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent.
Edited by Managing Editor
Reviewed by Senior wealth manager, LourdMurray