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Thomas Simeone
Thomas SimeoneTrial Attorney, Simeone & Miller, LLP

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

TravelersScore: 93

5/5

Affordability

3.9/5

User Satisfaction

5/5

Financial Stability


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

AllstateScore: 89

4.6/5

Affordability

4.2/5

User Satisfaction

4.5/5

Financial Stability


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

USAAScore: 89

3.9/5

Affordability

5/5

User Satisfaction

5/5

Financial Stability


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

MetLifeScore: 86

4.4/5

Affordability

4/5

User Satisfaction

4.5/5

Financial Stability


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

FarmersScore: 83

3.9/5

Affordability

4.6/5

User Satisfaction

4/5

Financial Stability


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 0.0% more than 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.

moneygeek-logo

Home Insurance Calculator

State

Washington

Dwelling Coverage

$250,000

Deductible

$500

Liability

$300,000

Personal Property

$150,000

Credit Score

Excellent
moneygeek-logo

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
Company
Amountper year
1. Travelers
In 2020, Travelers ranked #1 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Washington.
$677
2. Allied
In 2020, Allied ranked #2 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Washington.
$841
3. Allstate
In 2020, Allstate ranked #3 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Washington.
$905
4. Chubb
In 2020, Chubb ranked #4 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Washington.
$920
5. MetLife
In 2020, MetLife ranked #5 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Washington.
$990

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
Company
Amountper year
1. Allstate
In 2020, Allstate ranked #1 in Washington for the cheapest homeowners insurance for high-value homes.
$4,256
2. Travelers
In 2020, Travelers ranked #2 in Washington for the cheapest homeowners insurance for high-value homes.
$4,814
3. Chubb
In 2020, Chubb ranked #3 in Washington for the cheapest homeowners insurance for high-value homes.
$6,117
4. State Farm
In 2020, State Farm ranked #4 in Washington for the cheapest homeowners insurance for high-value homes.
$8,254
5. USAA
In 2020, USAA ranked #5 in Washington for the cheapest homeowners insurance for high-value homes.
$8,453

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
Company
Amountper year
1. Travelers
In 2020, Travelers ranked #1 in Washington for the cheapest homeowners insurance for homes with a pool.
$641
2. Allied
In 2020, Allied ranked #2 in Washington for the cheapest homeowners insurance for homes with a pool.
$783
3. Chubb
In 2020, Chubb ranked #3 in Washington for the cheapest homeowners insurance for homes with a pool.
$1,006
4. Allstate
In 2020, Allstate ranked #4 in Washington for the cheapest homeowners insurance for homes with a pool.
$1,009
5. Farmers
In 2020, Farmers ranked #5 in Washington for the cheapest homeowners insurance for homes with a pool.
$1,066

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
Company
Amountper year
1. Allied
In 2020, Allied ranked #1 for the cheapest homeowners insurance for owners with poor credit in Washington.
$1,433
2. Farmers
In 2020, Farmers ranked #2 for the cheapest homeowners insurance for owners with poor credit in Washington.
$1,498
3. Travelers
In 2020, Travelers ranked #3 for the cheapest homeowners insurance for owners with poor credit in Washington.
$1,571
4. Allstate
In 2020, Allstate ranked #4 for the cheapest homeowners insurance for owners with poor credit in Washington.
$1,585
5. Country Financial
In 2020, Country Financial ranked #5 for the cheapest homeowners insurance for owners with poor credit in Washington.
$1,759

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.


Do You Need Flood Insurance in Washington?This is an icon

Washington ranks 13th for the threat of flood damage. About 362,600 — or 11.3% — of homes in this state may experience floods in 2020. To get protection, you can seek to find a government-backed National Flood Insurance Program (NFIP) coverage. It’s also wise to raise the coverage amount by purchasing an incremental private policy.

Do You Need Fire Insurance in Washington?This is an icon

Washington ranks 12th for the percentage of properties at risk of wildfire damage. An estimated 160,500 homes may experience damages from wildfires in this state. Therefore, it’s beneficial to prepare for this threat by getting adequate home insurance protection beforehand.

Expert Advice on Home Insurance in Washington

  1. What advice would you give for first-time buyers looking for homeowners insurance in the District of Columbia?

    If they can afford it, I would advise first-time homebuyers to buy the maximum amount of liability coverage available, to purchase casualty insurance sufficient to pay all of the costs for their house to be rebuilt in case of fire and, if they can afford maximum liability coverage, to purchase an umbrella policy, if available. Liability coverage protects your assets in case someone is injured on your property. It also provides broader coverage beyond accidents on your property. Once you are a homeowner, you have an asset that an injured person (and their attorney) may seek to take to satisfy their injuries. So, buy the most liability coverage you can afford.

    For casualty insurance, you do not need to insure the value of the land your property is on, but you should purchase enough insurance to ensure that you can have the remains of your home removed and then have your house rebuilt from scratch. Finally, an umbrella policy provides an additional $1 million, $2 million or $5 million in liability coverage to your homeowners and automobile policies if you have the maximum liability coverage under both policies. They are not expensive, and that extra coverage provides a valuable layer of protection in case you are responsible for a serious accident.

  2. How do regulations and laws in the District of Columbia impact the amount or type of coverage a homeowner should buy?

    Most policies written by a reputable company will comply with the state in which they are issued. If not, the non-compliant policy term is unenforceable. So, read the policy thoroughly and ask questions of your agent. If the agent tells you to ignore any language in the policy, do not believe them. Insurance policies are contracts and will be enforced as written, regardless of any statements to the contrary by an agent.

  3. Are there any environmental factors homeowners should consider when selecting a home insurance plan in the District of Columbia?

    The key environmental factors are the risks of specific losses, such as fire, flood and high wind. If you live in an area where those risks are high, then you must ensure that you have sufficient coverage. And, you will likely pay a higher premium.


Thomas Simeone
Thomas SimeoneTrial Attorney, Simeone & Miller, LLP

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.

Sources