The Best Homeowners Insurance Companies and Cheapest Quotes in Washington for 2021

From the Olympics to the Pacific, Washington homeowners have some of the most pristine natural beauty found anywhere in the United States. Even living in paradise comes with hazards, which is why it’s so important for homeowners to get the right home insurance. MoneyGeek’s study ranked the top home insurance options in Washington state to give residents the advantage of comparison shopping based on factors such as affordability and customer satisfaction. No matter what your situation — including homes with pools, homeowners rebuilding their credit and even high-value homes, MoneyGeek can help you find the right policy at the right price.

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The 5 Best Homeowners Insurance Companies in Washington

To find the best homeowners insurance in Washington, you can compare top companies on criteria such as customer support quality, ability to pay claims, coverage choices and cost. This comparison can help you select a provider that can offer a rapid and trouble-free claim and payout process.

MoneyGeek ranked the top five firms to help you obtain the best home insurance in Washington. Its research is based on the affordability of a company’s insurance packages in the state, AM Best’s financial stability rating — which indicates a company’s ability to pay claims — and J.D. Power customer satisfaction score.


1
Travelers
Score:93

5/5

Affordability

3.9/5

User Satisfaction

5/5

Financial Stability

More About Travelers

Travelers' home insurance options include dwelling coverage, additional replacement cost, personal property, personal liability, other structures, loss of use, content replacement, jewelry and valuable items, personal articles floater, identity fraud and green home. To reduce your insurance premiums, you can try to get rebates like multi-policy, loss-free, protective devices and green homes.

Read MoneyGeek's Travelers home Insurance Review
2
Allstate
Score:89

4.6/5

Affordability

4.2/5

User Satisfaction

4.5/5

Financial Stability

More About Allstate

Allstate presents standard homeowners packages that include coverage for dwelling, liability and personal property. You can consider add-on coverage for water backup, identity theft, reimbursements for green-friendly renovations and more. Allstate's strengths are its intuitive website and app, customizable policies and multiple discounts.

Read MoneyGeek's Allstate home Insurance Review
3
USAA
Score:89

3.9/5

Affordability

5/5

User Satisfaction

5/5

Financial Stability

More About USAA

Apart from standard coverage, USAA offers special benefits such as military-specific features, identity theft, landlord coverage and full replacement cost to home and belongings. USAA provides discounts for bundling auto and home insurance, claim-free customers and equipping your home with safety features — such as home security, active sprinkler or fire alarm system.

4
MetLife
Score:86

4.4/5

Affordability

4/5

User Satisfaction

4.5/5

Financial Stability

More About MetLife

MetLife offers homeowners insurance policies for condos, renters, mobile homes and landlords. These packages typically cover damages from hail and windstorms, volcanic eruption, vandalism, theft, smoke damage, civil commotion or riot, fire and lightning, explosions, vehicles and aircraft. Replacement coverage is a highlight of Metlife's packages. It can pay the full cost to replace your property without considering depreciation.

Read MoneyGeek's MetLife home Insurance Review
5
Farmers
Score:83

3.9/5

Affordability

4.6/5

User Satisfaction

4/5

Financial Stability

More About Farmers

Apart from standard homeowners insurance features, Farmers offers coverage for home content, multi-policy, identity management and eco-rebuild. This provider stands out for its digital features like an online quote tool and a mobile app — which allows you to file a claim, find your agent's contact details, get electronic billing notices and pay your bills.

Read MoneyGeek's Farmers home Insurance Review

What Is the Average Cost of Homeowners Insurance in Washington?

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home insurance is equal to the average.

Washington homeowners insurance rates are an average of $1,106 a year for an average dwelling cost of $250,000. This average annual cost is $997, or 47.4%, cheaper than the national average of $2,103. Providers estimate homeowners insurance in Washington based on elements like home value, crime rate and exposure to adverse weather conditions.

Home Insurance Calculator: Estimate the Cost of Homeowners Insurance in Washington

To calculate the price of homeowners insurance in Washington, companies will analyze multiple factors, including your house’s age, location, dwelling value, roof quality and credit score, among other factors. Homes in risk-prone regions may have higher coverage costs as they have a higher exposure to perils.

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Home Insurance Calculator

State

Washington

Dwelling Coverage

$250,000

Deductible

$500

Liability

$300,000

Personal Property

$50,000

Credit Score

Excellent
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low end

on average

high end

These are annual estimates. Get a personalized quote to determine your costs.

The Cheapest Homeowners Insurance Quotes in Washington

To estimate homeowners insurance in Washington, insurance providers also consider dwelling coverage. This dwelling coverage includes the repair expenses for a damaged house, due to an insured event like fire or vandalism. In Washington, Travelers provides the most affordable rate for the dwelling coverage baseline amount of $250,000. Its average annual price is $677, which is 38.8% less than the state average. To find the best protection and price, you should ideally compare homeowners insurance quotes.

Cheapest Homeowners Insurance by Dwelling Coverage

Dwelling Coverage:

$250,000

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Best Cheap Homeowners Insurance Companies for Expensive Homes

For an expensive property like a $2 million home, Allstate presents cheap home insurance in Washington, with an average annual rate of $4,256. In addition, this insurance provider stands out for its top-notch customer support and helpful technology tools.

Cheapest Homeowners Insurance Companies for High-Value Homes

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    Amountper year

Best Homeowners Insurance Companies if You Have a Pool

A pool can be a great addition to a home for relaxing evening swims or pool get-togethers in the summer, but it also needs to be properly maintained. A pool can increase your home insurance costs. Travelers is the ideal option for best homeowners insurance in Washington for a pool property, with an average annual price of $641. This insurance package can cover repair costs if your pool’s structure experiences damages.

Cheapest Homeowners Insurance for Pool Home

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Cheapest Home Insurance in Washington if You Have Poor Credit

Insurance carriers assess homeowners’ credit scores when they determine insurance costs. You can boost your credit score by paying down high credit card debt and keeping your credit use rate below 30%. Increasing your credit score can help to decrease your home insurance premiums. Allied offers the best homeowners insurance in Washington for people with poor credit, with an average annual rate of $1,433 for a dwelling coverage baseline amount of $250,000.

Cheapest Homeowners Insurance for Poor Credit

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How to Get Homeowners Insurance Quotes in Washington

You’d need to present basic personal information to the insurance provider when you request home insurance quotes in Washington. You should also be aware of your home’s worth and any extra features such as a pool. The provider will ask you relevant questions about your property. Based on your answers, the provider will give you a customized quote.

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Other Considerations for Homeowners Insurance in Washington

Your homeowners insurance cost in Washington also depends on elements like the crime rate, weather risks and average home value in your area. You can prepare for emergencies and be ready to face hazardous weather conditions by obtaining adequate home insurance protection.

Washington ranks fifth in the U.S. for home value with an average property rate of $409,228. This state ranks sixth for the property crime rate per 100,000. The FBI reveals that there were 23,472 violent crimes and 222,011 property crimes in the state in 2018.

Methodology

MoneyGeek analyzed homeowners insurance premiums from 16 of the top insurance companies in Washington that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Washington. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $250,000, liability coverage of $100,000 and personal property coverage of $100,000.

About the Author


expert-profile

The MoneyGeek editorial team has decades of combined experience in writing and publishing information about how people should manage money and credit. Our editors have worked with numerous publications including The Washington Post, The Daily Business Review, HealthDay, and Time, Inc., and have won numerous journalism awards. Our talented team of contributing writers includes mortgage experts, veteran financial reporters, and award-winning journalists. Learn more about the MoneyGeek team.


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