Our nation’s capital—Washington, D.C. Congress established it as a federal district from land belonging to Virginia and Maryland in 1790. Today, the D.C. area is humming with over one million suburban commuters during the workweek. But the everyday Washington, D.C., city residents know that their city is rich in history and culture. Residents enjoy strolling by the Library of Congress, the historic national monuments, and famous museums, like the Smithsonian. And D.C.’s comprehensive public transit keeps these attractions within reach to residents who live in the “Capital of the World.” Whether residents are returning to their Colonial-, Federal-, or Beaux-Arts–style homes in the D.C. area, they know that their homes should be protected. The best way to protect a home? Homeowners insurance.
Insurify lets you find the best insurance companies in Washington, D.C., at the most affordable prices. Check out Insurify’s comparison tools. That way, you can purchase the right coverage without breaking the bank.
How to Get Affordable Home Insurance in Washington, D.C.
The housing market in Washington, D.C., is a competitive landscape for buyers. And housing prices are on the rise, up over six percent from last year. But it doesn’t matter if you find a historic Victorian, a famous row house, or a more contemporary home. It’s a must that you protect your home in the District of Columbia with homeowners insurance.
Home insurance is not required by law. But do you want to get approved for a mortgage? You can bet your mortgage lender will require you to purchase a home insurance policy. Yet there are many advantages to opting for the best homeowners insurance. The reason to buy home insurance? You need to safeguard your home and personal property from hazardous events, like fire, theft, and vandalism.
Sure, land and living expenses in D.C. are higher than the national average. Thankfully, home insurance prices in Washington, D.C., fall below the national average. An even better way to get everything you need from dwelling coverage is by comparing insurance quotes. Want to save even more? Try bundling insurance products. If you purchase home insurance, life insurance, or car insurance together, insurance companies will give you a discount. Ask your local agent about bundling these policies. That way, you’ll get a break from paying for costly living expenses.
Homeowners Insurance Quotes in Washington, D.C., by Company
Homeowners insurance rates aren’t always designed with savings in mind. That’s where Insurify comes in.
As of 2020, the average home insurance premium in Washington, D.C., costs $1,211 annually, and the median home value is $641,121.
Insurance carrier prices vary. The premiums and types of coverage with Liberty Mutual will differ from State Farm‘s, and so on. And having the right coverage is crucial. Your homeowners policy will help you pay the cost of repairing your home, and your coverage will replace items after a covered peril. If someone gets hurt on your property, personal liability will cover the legal and medical fees. You may need more dwelling coverage if natural disasters or crime risks are higher than in other neighborhoods. Below, you can find the best home insurance companies and their average annual premiums.
|Average Home Cost in D.C.||Average Annual Insurance Premium in D.C.|
Homeowners Insurance Quotes in Washington, D.C., by ZIP Code
Depending on the type of home and neighborhood you live in, you could be paying more or less on your Washington, D.C., home insurance. Much like the style and cost of your home, an insurance policy depends on a few factors. Home insurance varies in price from ZIP code to ZIP code. Pricing is determined on ZIP code–specific variables, such as the volume of claims filed nearby, crime rates, and property costs, and risk variables, such as natural disaster frequency. Even your specific neighborhood may determine if you pay more or less on our annual premiums.
Washington, D.C., is known to have a higher crime rate than the national average. This risk increases your chances of paying more on homeowners insurance. But the crime rate may be higher in some pockets of the D.C. area than others. Insurance rates in Washington, D.C., can be relatively low compared to the national average; it all depends on which neighborhood you live in. So how do you learn the most and least expensive places in Washington, D.C.?
Here are the most and least expensive ZIP codes in Washington, D.C., for home insurance.
|Most Expensive Real Estate in D.C.||Most Expensive Real Estate in D.C.|
|Woodley Park||$1,047,096||Congress Heights||$347,317|
What does home insurance cover in Washington, D.C.?
There are several types of home insurance. Specific terms of insurance policies may vary by state, but in general, the standard policy types are as follows:
Mobile Home Form
Natural Disasters and Washington, D.C., Home Insurance
Natural disasters wreak havoc on cities all over the United States. Washington, D.C., is no exception. Earthquakes, floods, hail, windstorms, and severe winter weather are the most common natural disasters in the Washington, D.C., area. Having the right insurance coverage is needed with all types of natural disasters. The standard homeowners insurance policies cover damage from heavy snow, ice, hail, and windstorms. But earthquakes and flooding are not protected on the standard insurance policy.
Natural disasters like earthquakes and floods can lead to significant property damage. And you may live in a flood zone without even knowing it. After buying your policy, talk to your insurance agent about a separate earthquake and flood insurance policy.
Washington, D.C., Crime Rate and Insurance Rates
A city’s crime rate directly affects insurance rates. The more considerable the amount of theft and vandalism claims in your area, the higher your insurance rates will be. In Washington, D.C., the crime rate is 60 crimes per 1,000 residents. Compared to both smaller and larger cities, Washington, D.C., has one of the highest crime rates in the United States. The chance of becoming a victim of property crime or violence in the Washington, D.C., metro area is 1 in 17. Home insurance will protect you from property damage and cover personal belongings in the event of theft or vandalism. But having the right amount of coverage for your high-value items is critical. Talk to your agent to determine if you may need additional coverage or a rider on things like jewelry and expensive electronics.
Frequently Asked Questions - Washington, D.C. Homeowners Insurance
How can I combine home insurance and auto insurance?
You can easily combine home insurance and auto by bundling insurance products. Talk to your agent about bundling insurance products and a possible discount on your premium.
Does my credit score affect home insurance rates in the D.C. area?
It’s illegal for insurance companies to refuse you coverage if you have a low credit score. However, a higher credit score could lead to a discount.
What type of insurance do I need for my business?
Business insurance is available through many insurance companies. If you own a small business, State Farm, Nationwide, and Erie Insurance offer business insurance coverage. Coverage types depend on what you need and the type of business you run.
Special Home Insurance Situations in Washington, D.C.
Unique elements of your home may affect homeowners insurance prices. Check out these quotes for some special situations that may impact your home insurance in Washington, D.C.
Cheapest Home Insurance for Houses Near a Fire Department in Washington, D.C.
|Insurance Company||Average Annual Premium|
Cheapest Home Insurance for Houses Less Than 20 Years Old in Washington, D.C.
|Insurance Company||Average Annual Premium|
Conclusion: How to find the cheapest home insurance in Washington, D.C.
Washington, D.C., may have a rich history and expensive homes, but finding homeowners insurance doesn’t have to be so costly. There are coverage options available from the best homeowners insurance companies. You can find a policy to fit your and your family’s needs without breaking the bank. Do you want to know the simplest way to find cheap home insurance in Washington, D.C.?
Use Insurify to compare home insurance premiums for your property in Washington, D.C.
Browse, compare, and secure home insurance with Insurify today!
Yep, it’s that easy.