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Best homeowners insurance in Washington for 2023

According to our research, USAA and Allstate are two of the best home insurance companies in Washington.

Updated Mar 09, 2023
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Compare the best home insurance companies in Washington

Based on rate data from Quadrant Information Services and our research, we've identified USAA, Allstate, Chubb, Nationwide and State Farm as the five best home insurance companies in Washington. The table below showcases each company’s Bankrate Score, AM Best rating, J.D. Power score and average rates at both monthly and annual intervals.

USAA
Rating: 3.7 stars out of 5
3.7
Bankrate Score
Info
AM Best
A++
J.D. Power score
884
/1,000
Average monthly premium
$56
Average annual premium
$670
Get a quote
Allstate
Rating: 3.5 stars out of 5
3.5
Bankrate Score
Info
AM Best
A+
J.D. Power score
815
/1,000
Average monthly premium
$58
Average annual premium
$698
Get a quote
Chubb
Rating: 3.5 stars out of 5
3.5
Bankrate Score
Info
AM Best
A++
J.D. Power score
809
/1,000
Average monthly premium
$110
Average annual premium
$1,322
Get a quote
Nationwide
Rating: 3.2 stars out of 5
3.2
Bankrate Score
Info
AM Best
A+
J.D. Power score
816
/1,000
Average monthly premium
$49
Average annual premium
$586
Get a quote
State Farm
Rating: 3.2 stars out of 5
3.2
Bankrate Score
Info
AM Best
A++
J.D. Power score
829
/1,000
Average monthly premium
$189
Average annual premium
$2,268
Read review
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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

The top 5 home insurance companies in Washington

According to our research, USAA, Allstate, Chubb, Nationwide and State Farm 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 logo

Best for military-focused coverage

Rating: 3.7 stars out of 5
3.7 Bankrate Score
JD Power: 884 AM Best: A++

Average annual premium

$ 670 for $250k dwelling
USAA Review

Explore Bankrate's review

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. However, coverage is only available to eligible current and former military members and eligible family members, so it's not an option for everyone. If you are a qualifying homeowner, USAA could be a great choice. The company tailors many of its policies to the unique needs of military families, with coverage for things like uniforms offered as a standard feature.

Who USAA may be good for: Eligible homeowners who want military-focused coverage options.

Best for personalized policies

Rating: 3.5 stars out of 5
3.5 Bankrate Score
JD Power: 815 AM Best: A+

Average annual premium

$ 698 for $250k dwelling
Allstate Review

Explore Bankrate's review

Why Allstate made our list: Allstate could be a good option if you're looking for a highly-personalized home insurance policy. Allstate could be a good option. The company offers plenty of endorsements to help you build the coverage you need. You could consider adding yard and garden coverage, electronic data recovery or water backup coverage. In addition, Allstate has local agents throughout the state for homeowners who prefer one-on-one service. 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 high-value homes

Rating: 3.5 stars out of 5
3.5 Bankrate Score
JD Power: 809 AM Best: A++

Average annual premium

$ 1,322 for $250k dwelling
Chubb Review

Explore Bankrate's review

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 the belongings, appliances and cabinetry inside the home. However, Chubb ranked as one of the lowest carriers in J.D. Power's 2022 Home Insurance Study.

Who Chubb may be good for: Homeowners insuring high-value items or luxury homes.

Best for low average rates

Rating: 3.2 stars out of 5
3.2 Bankrate Score
JD Power: 816 AM Best: A+

Average annual premium

$ 586 for $250k dwelling
Nationwide Review

Explore Bankrate's review

Why Nationwide made our list: Nationwide has a low average annual rate on our list and is available to everyone. On top of that, the company offers potential discounts that may help lower premiums even more, including bundling, claims-free, roof age and type, gated community and new home purchase. Nationwide received a lower-than-average score from J.D. Power, which may indicate that its service is less-than-stellar compared to some competitors.

Who Nationwide may be good for: Homeowners seeking budget-friendly coverage from a well-trusted provider.

Best for customer satisfaction

Rating: 3.2 stars out of 5
3.2 Bankrate Score
JD Power: 829 AM Best: A++

Average annual premium

$ 2,268 for $250k dwelling
State Farm Review

Explore Bankrate's review

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 save on coverage. Bundling car and home insurance could be the most effective way to save, as it would likely reduce the cost of your home policy, but there are also potential options to save by installing security measures and using impact-resistant roofing.

Who State Farm may be good for: Homeowners who prioritize a smoother claims process.

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 2022 J.D. Power 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.

How much is homeowners insurance in Washington?

The average cost of home insurance in 2023 in Washington State is $948 per year for $250,000 in dwelling coverage, which is well below the national average of $1,428 per year, despite the risks of earthquakes, adverse weather and wildfires in the state. Insurance costs in each state can vary for several reasons. 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.

$150K
$538
$250K
$670
$350K
$807
$450K
$954
$750K
$1,406
$150K
$491
$250K
$698
$350K
$907
$450K
$1,139
$750K
$1,849
$150K
$879
$250K
$1,322
$350K
$1,765
$450K
$2,209
$750K
$3,505
$150K
$421
$250K
$586
$350K
$753
$450K
$922
$750K
$1,501
$150K
$1,632
$250K
$2,268
$350K
$2,893
$450K
$3,644
$750K
$5,684
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Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

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.

When looking at home insurance prices across a state like Washington, average costs will vary between cities. Below are the five cheapest cities for homeowners insurance in Washington.

  • Port Gamble: $846 — 10.8 percent below the state average
  • Keyport: $847 — 10.7 percent below the state average
  • Poulsbo: $849 — 10.4 percent below the state average
  • Silverdale: $849 — 10.4 percent below the state average
  • Indianola: $855 — 9.8 percent below the state average

Just as some cities have below average rates, others cost more than the state average. Below are the five most expensive cities for homeowners insurance in Washington.

  • Belmont: $1,067 — 12.6 percent above the state average
  • Harrah: $1,066 — 12.4 percent above the state average
  • Hooper: $1,065 — 12.3 percent above the state average
  • Mabton: $1,064 — 12.2 percent above the state average
  • Sunnyside: $1,063 — 12.1 percent above the state average

How to find the best cheap home insurance in Washington

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.

  1. 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.
  2. 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.
  3. 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.
  4. Apply for a policy: After selecting your chosen insurer, apply for a policy through their website, app or one of their agents.

Common 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.

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.

Frequently asked questions

Written by
Joshua Cox-Steib
Insurance Contributor

Joshua Cox-Steib has two years of experience in writing for insurance domains such as Bankrate, Coverage.com, The Simple Dollar, Reviews.com, and more. His work has also been featured on such sites as MSN and BBB (Better Business Bureau). His insurance writing career has spanned across multiple product lines, with a primary focus on auto insurance, life insurance, and home insurance.

Edited by Insurance Editor
Reviewed by Senior wealth manager, LourdMurray