Average Cost of Homeowners Insurance in Washington (2024)

The average cost of homeowners insurance in Washington in 2024 is $1,410. This is $1,013 less than the national average of $2,423. Aside from the amount of coverage, the insurance provider has the largest impact on premiums in Washington, with a range of $2,104 between the lowest and highest premium options. If your rates have recently increased, our analysis of the cheapest policies in the state may help you find a more affordable option.

In Washington, homeowners pay an annual premium of $1,410 for policies with $250K Dwelling / $125K Personal Property / $200K Liability coverage. This cost is less than the national average.

When deciding how much coverage you need, consider the total cost to rebuild your home and replace your belongings. For a policy offering $100K in dwelling coverage, the annual premium is $867. However, if you own a larger home requiring $500K in dwelling coverage, the premium increases to $2,451 annually. These figures demonstrate the direct correlation between coverage amounts and premium costs.

Premiums for homeowners insurance in Washington can vary significantly from one insurer to another, even for similar coverage levels. For instance, Allstate may offer a policy at $741 annually, while COUNTRY Financial's equivalent coverage could cost $2,633.

For those seeking the best value, there are plenty of great providers in Washington. Differences in underwriting criteria, company risk assessments and customer service offerings contribute to these price disparities.

Homeowners in Washington with poor credit scores pay an average annual premium of $1,632 for homeowners insurance, which is $222 more than the overall average cost of $1,410. The impact of credit on insurance rates is clear as those with excellent credit pay $1,275 annually, enjoying a $135 savings compared to the state average.

While you may not be able to improve your credit score immediately, you can improve it over time to lower your rates. In the short-term, you can compare insurers to see which will save you the most.

The type of roof on your home affects insurance premiums. Composition roofing, a common choice, often leads to an average premium that's slightly lower than more expensive materials. Shake-treated roofs, while aesthetically pleasing, can raise insurance costs due to their maintenance needs and vulnerability to severe weather.

Construction materials also influene premium pricing. Homes featuring superior construction materials, which are more resistant to perils like fire, can mean favorable insurance rates. Conversely, standard frame construction, while widespread, comes with higher premiums due to its commonality and risk profile.

Use the drop downs on the table below to see how premiums change based on your home's materials.

Insuring a new construction home in Washington typically costs less than covering an existing one. Homeowners can expect to pay an average annual premium of $854 for new construction, which is $556 lower than the $1,410 average for existing homes. The table below shows how premiums differ between new and existing construction, allowing you to adjust the coverage amount to fit your needs.

In Washington, homeowners who have maintained a claim-free status for at least five years can expect an average annual premium of $1,410 for their homeowners insurance. However, if you've filed one claim within the past five years, the average premium jumps to $1,693—an increase of $283 from the base rate. Those with two claims in the same period face an even steeper hike, with an average annual premium of $1,908, marking a $498 uptick from the claim-free rate.

For the cities we analyzed, we found premiums range from $1,324 to $1,460. In Seattle, homeowners pay about $1,324, while Tacoma residents see higher rates at $1,460. Location impacts premiums due to varying risks like crime and weather. City-based pricing is significant but less so than coverage amount differences.

Shopping for home insurance in Washington is easy when you know how; can find a policy that fits your budget and needs. Here's how to find the best deal for you.

Homeowners in Washington looking to trim their insurance bills might consider bundling home and auto policies. A multipolicy bundle, you can save on the combined cost of both coverages. In Washington, the average percent savings from bundling is approximately 8%. Homeowners could see savings ranging from $104 to $365 annually. Explore MoneyGeek's comprehensive bundle analysis.

Washington homeowners can tap into various insurance discounts to lower premiums.

• Claims-Free Discount: Savings for homeowners without recent insurance claims.
• Protective Devices Credit: Discounts for installing security systems or smoke detectors.
• Roof Upgrade Discount: Reduced rates for using impact-resistant roofing materials.

For comprehensive insights on how to save with discounts, explore our guide on how to shop and save on homeowners insurance. Remember, always inquire about available discounts when requesting a quote to ensure you're getting the best deal possible.

Use the resources below to get guidance on homeowners insurance in Washington.

• Washington State Office of the Insurance Commissioner: Official state resource for insurance regulations.
• Affordable Home Insurance in Washington: Find cost-effective options for your home.
• Washington Homeowners Insurance Calculator: Estimate your potential insurance costs.
• High-Risk Home Insurance Coverage: Understand insurance for homes in high-risk areas.
• Top Home Insurance Options in Washington: Compare the best insurance providers.
• Personal Property Coverage Essentials: Guide to personal property insurance needs.
• Report Insurance Fraud: Online system for reporting insurance fraud.