Best Washington Homeowners Insurance Quotes (2024)

Allstate offers some of the most affordable home insurance rates in Washington, with premiums averaging $626 per year.

Elizabeth Rivelli
Elizabeth Rivelli
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Elizabeth has extensive insurance industry experience, having written for Insureon, Rate Retriever, and Insurify. She’s also finance and insurance editor for Car and Driver.

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Chris Schafer
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Chris Schafer
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Andrew Huang
Data reviewed byAndrew Huang
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Andrew HuangVP, Marketing & Analytics
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Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.

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Updated November 6, 2024

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The average cost of home insurance in Washington is $1,437 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible, according to Insurify data. This is well below the national average of $2,377 for the same coverage levels.

While Washington law doesn’t require home insurance, most mortgage lenders require it. Additionally, having home insurance protects against potential risks and natural disasters, such as wildfires and strong storms.

Here’s what you need to know in order to secure the most affordable home insurance rates in Washington.

Quick Facts
  • Nationwide, Armed Forces Insurance Exchange, and Grange are some of the cheapest home insurance companies in Washington.

  • Washington homeowners who live in flood-prone areas might also consider purchasing flood insurance, which a standard home insurance policy doesn’t typically include.

  • Condo insurance in Washington costs $870 per year for a policy with $200,000 in dwelling coverage.

Best home insurance companies in Washington

Many reputable home insurance companies serve homeowners in Washington, but the best insurance company for you will depend on your individual situation, budget, and coverage needs. As you begin your search, keep the following industry leaders in mind.

Insurance Company
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
Average Annual Premium
Best For
Allstate8.2$626Cheapest rates
Nationwide8.4$690Discounts
Armed Forces Insurance ExchangeNR$931Military families
GrangeNR$938Coverage options
  • Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.

    We rate each company on a 1 to 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.

    • Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
    • Customer satisfaction: To calculate this score, Insurify analyzed more than 28,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
    • Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
    • Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
    • Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.

Cheapest rates: Allstate

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IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.9/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
833
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$53/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$65/mo

Allstate offers the cheapest home insurance premiums in Washington. The company also stands out for its endorsements, with nine add-on coverage options, including yard and garden coverage, musical instrument coverage, sports equipment coverage, green-home reimbursement coverage, water backup coverage, and more. In addition, Allstate offers several home insurance discounts, but it has fewer savings opportunities than some of its competitors.

Pros
  • Cheapest average rates in Washington state

  • Big selection of optional coverages

Cons
  • Below-average customer satisfaction rating in the J.D. Power U.S. Home Insurance Study

  • Limited number of discounts compared to other insurers

Best insurer for discounts: Nationwide

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.7/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
815
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$57/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$88/mo

Nationwide is the best Washington home insurance company for discounts. The company offers nine discounts, which include savings for protective devices, policy bundling, having prior home insurance, insuring a new home, living in a gated community, having no insurance claims, and more. 

Nationwide also has good endorsements, like ordinance/law coverage, credit card coverage, identity theft coverage, service line coverage, and dwelling replacement cost coverage.

Pros
  • Good selection of home insurance discounts

  • Many endorsements available

Cons
  • Low customer satisfaction rating in the J.D. Power U.S. Home Insurance Study

  • More complaints than expected for its size on the National Association of Insurance Commissioners (NAIC) Consumer Complaint Index

Best insurer for military families: Armed Forces Insurance Exchange

Armed Forces Insurance Exchange is a great option for Washington homeowners who work at one of the state’s military bases, like Joint Base Lewis-McChord or Naval Station Everett. The company exclusively offers homeowners insurance to active-duty and retired service members, as well as ROTC cadets, retired U.S. Department of Defense employees, and more.

Armed Forces Insurance offers several home insurance endorsements, like earthquake coverage, flood coverage, and animal liability insurance. Customers can also take advantage of discounts, like a new home credit, burglar alarm discount, windstorm mitigation credit, and new roof credit.

Pros
  • Offers a variety of endorsements

  • Several discounts available

Cons
  • Only available to homeowners with a military affiliation

  • Can’t get a quote online

Best insurer for coverage options: Grange

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IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
NR
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$75/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$122/mo

Grange is an excellent home insurance company for Washington homeowners who want to customize their policy with optional coverages. Grange offers 11 home insurance endorsements, including underground service line coverage, equipment breakdown coverage, sewer backup coverage, concealed water damage coverage, assisted living contents coverage, jewelry coverage, and a few others.

Additionally, Grange has several home insurance discounts, like savings for new homeowners and paying in full, which can help you get a lower premium.

Pros
  • 11 home insurance endorsements

  • Many discounts available

Cons
  • Can’t get a quotes online; must contact a local agent

  • High number of complaints for homeowners insurance with the NAIC

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Cheapest home insurance in Washington

The cheapest home insurance company in Washington is Allstate, which has an average annual premium of $626 per year for a policy with $300,000 in dwelling insurance. In the table below, you can see more home insurance companies in Washington that offer cheap rates.

Insurance Company
Average Annual Premium
Allstate$626
Nationwide$690
Armed Forces Insurance Exchange$931
Grange$938
Pemco$949
Travelers$1,060
Foremost$1,163
Farmers$1,230
State Farm$1,305
Chubb$1,484

Cost of homeowners insurance in Washington

The average cost of home insurance in Washington is $1,437 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible, Insurify data shows. The national average is $2,377 for the same coverage levels.

The rate you pay for home insurance will depend on several factors, including your ZIP code, insurance claim history, age of the home, size of the home, the type of home insurance, coverage limits, deductibles, and more.[1] That’s why it’s important to always compare quotes from at least three to five companies to find the best rates for you.

Cost of homeowners insurance by dwelling coverage amount

One of the biggest factors that affects home insurance premiums in the state of Washington is the coverage limit. Home insurance policies with higher dwelling insurance limits have higher premiums. For example, the average policy with $400,000 in dwelling coverage costs about $700 more than a policy with $200,000 in dwelling coverage.

In the table below, you can see the average annual home insurance premium in Washington for several different dwelling coverage limits for policies with a $1,000 deductible.

Coverage Limit
Average Annual Premium
$100,000$751
$200,000$1,088
$300,000$1,437
$400,000$1,811
$500,000$2,195

Cost of homeowners insurance by deductible

Most home insurance policies have a deductible for dwelling insurance and personal property insurance. The deductible is the amount you pay out of pocket when you have a covered loss. This means if you have a $3,000 personal property claim and a $500 deductible, you’d receive a $2,500 settlement from the insurance company.

In general, home insurance policies with high deductibles have lower premiums because you’re taking on more of the risk yourself. Meanwhile, policies with low deductibles have higher premiums because you’re asking the insurer to take on more risk.

Below, you can see the average cost of homeowners insurance in Washington for two different deductible amounts for policies with $300,000 in dwelling coverage.

Deductible Amount
Average Annual Premium
$500$1,505
$1,000$1,437

How to get cheap homeowners insurance in Washington

To get cheaper home insurance in Washington, consider using these strategies:[2]

  • illustration card https://a.storyblok.com/f/162273/150x150/3b97fae014/money-96x96-blue_033-magnifying-glass.svg

    Look for discounts

    Many of the best home insurance companies in Washington offer discounts that can help you get a cheaper rate. When comparing home insurance companies, pay attention to the discounts available, and try to choose an insurer that offers multiple discounts you’re eligible for.

  • illustration card https://a.storyblok.com/f/162273/150x150/c6bae56df5/protection-and-security-96x96-green_001-cctv.svg

    Install protective devices

    Protective devices, like home security systems, smoke alarms, and fire sprinkler systems, can often help you get a discount on your home insurance premium.

  • illustration card https://a.storyblok.com/f/162273/150x150/d4e67f33b5/banking-96x96-yellow_015-dollar.svg

    Pay your premium in full

    To save money on your home insurance, consider paying your annual premium up front and in full. Some insurers also offer discounts for paying bi-annually instead of monthly.

  • illustration card https://a.storyblok.com/f/162273/150x150/f93e5c7ccc/banking-96x96-orange_017-coins.svg

    Choose higher deductibles

    For home insurance policies that require a deductible, like dwelling and contents coverage, choosing a higher deductible will result in a lower annual premium.

  • illustration card https://a.storyblok.com/f/162273/150x150/8329623678/money-96x96-blue_025-online-money.svg

    Compare quotes

    Comparing quotes from several home insurance companies can help you find the cheapest policy for your personal situation.

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How much homeowners insurance do you need in Washington?

Homeowners insurance isn’t legally required in Washington. But if you take out a mortgage on your home, your lender will probably require you to purchase a policy. Before you get home insurance, it’s important to understand exactly what your policy covers and how much coverage is right for your situation.

Insurance professionals typically recommend purchasing enough dwelling insurance to cover the cost of rebuilding your home back to its original condition. You should choose a personal property coverage limit that roughly matches the value of the items you own, like clothing, furniture, small appliances, and decor.

For liability insurance, make sure to choose a coverage limit based on the value of your personal assets. This includes real estate, cars, boats, money in your savings accounts, retirement accounts, and investments. Setting a limit to match your assets ensures you have full protection in the event of a third-party liability claim.

Good to Know

Most home insurance companies offer several fixed coverage limits for medical payments insurance and additional living expenses. Selecting higher coverage limits will give you more financial protection, but your total premium will be higher.

What are some of the biggest risks when owning a home in Washington?

Washington residents face several risks that can damage or destroy properties. Here are some of the most common risks and natural disasters to be aware of:

  • illustration card https://a.storyblok.com/f/162273/150x150/9e462f87fd/insurify-icons-auto-orange-96x96_010-house.svg

    Wildfires

    In the dry season between July and October, some parts of Washington are susceptible to wildfires. On an annual basis, roughly 900 wildfires burn across the state, but most are small and can be extinguished quickly.[3] Regular home insurance covers damage from wildfires, but you may need higher coverage limits for adequate fire protection.

  • illustration card https://a.storyblok.com/f/162273/150x150/bc1c474c28/weather-96x96-yellow_045-thunder.svg

    Severe storms

    Because Washington borders the Pacific Ocean, strong storms moving inland often affect the area. Home insurance covers most forms of property damage caused by tornadoes, thunderstorms, hail, and snow.

  • illustration card https://a.storyblok.com/f/162273/100x100/4ec24627d2/flood-coverage.svg

    Flooding

    Some areas of Washington are prone to flooding. For example, in Seattle, more than 7% of all properties in the city have a moderate risk of flooding within the next 30 years.[4] Standard home insurance doesn’t cover flood damage, so it’s a good idea for homeowners in flood-prone areas to buy a separate flood insurance policy from the National Flood Insurance Program (NFIP) or a private flood insurer.

Washington homeowners insurance FAQs

If you still have questions about how to secure the lowest home insurance rates in Washington, the following information can help.

  • How much is home insurance in Washington?

    The average cost of home insurance in Washington is $1,437 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible. This is well below the national average of $2,377 for the same coverage levels.

  • Which company has the cheapest homeowners insurance in Washington?

    Allstate offers the cheapest home insurance rates in Washington, at $626 per year for $300,000 in dwelling coverage. Nationwide and Armed Forces Insurance Exchange also offer competitive rates in the state, with respective annual premiums of $690 and $931.

  • Does Washington require homeowners insurance?

    Not legally. Home insurance isn’t required by law in Washington. But if you have a mortgage on your home, your lender will generally require you to carry home insurance in order to protect its investment.

  • What does homeowners insurance in Washington typically cover?

    Homeowners insurance typically protects you and your home from several covered perils including theft, fire, and several weather-related events. But it won’t cover you in the event of a flood. Protecting your home from flood damage requires separate coverage.

Sources

  1. National Association of Insurance Commissioners. "A Consumer's Guide to Home Insurance."
  2. Insurance Information Institute. "12 Ways to Lower Your Homeowners Insurance Costs."
  3. Washington Emergency Management Division. "Wildfire."
  4. First Street. "Seattle Flooding Risk."
Elizabeth Rivelli
Elizabeth Rivelli

Elizabeth Rivelli is a freelance writer covering insurance and personal finance. She has extensive knowledge of various insurance lines, including property and casualty, health, and life insurance. Her byline has been featured in dozens of publications, including Investopedia, Forbes, Bankrate, NextAdvisor, and Insurance.com

Chris Schafer
Edited byChris SchaferSenior Editor
Chris Schafer
Chris SchaferSenior Editor
  • 15+ years in content creation

  • 7+ years in business and financial services content

Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.

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Andrew Huang
Data reviewed byAndrew HuangVP, Marketing & Analytics
Headshot of Andrew Huang, Directory of Analytics at Insurify
Andrew HuangVP, Marketing & Analytics
  • Chartered financial analyst

  • 12+ years in data analysis and marketing

Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.

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