Besthome insuranceWashingtonThe Best Homeowners Insurance Companies in Washington (2024)
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MoneyGeek ranked the best home insurance companies in Washington for different homeowner profiles. We listed their coverage and discount options to help you find the right option for your needs.
Allstate is the best provider in Washington overall. Meanwhile, Country Financial is the best for service quality, and Travelers ranks the best for homeowners on a budget. State Farm had the highest score for those with expensive homes and those wishing to bundle their policies.
MoneyGeek also analyzed the cheapest homeowners insurance providers in Washington for those more concerned with saving on their monthly bill.
Besthome insuranceWashingtonThe Best Homeowners Insurance in Washington
Best overall - Allstate
Best for service quality - Country Financial
Best on a budget - Travelers
Best for expensive homes - State Farm
Best for veterans - USAA
Best for bundling - State Farm
The Best Overall Homeowners Insurance Companies in Washington
Purchasing homeowners insurance is essential if you want to protect your property. MoneyGeek scored the best home insurance companies in Washington based on factors like claims experience, affordability and customer satisfaction.
Based on our analysis, the top-rated home insurance providers in the state are:
- Allstate: MoneyGeek score of 84 out of 100
- Allied: MoneyGeek score of 84 out of 100
USAA scored the highest, at 93 out of 100. However, its policies are exclusive for military families, so it was excluded from our rankings.
MoneyGeek’s guide explains why Allied and Allstate ranked the highest in Washington and provides you with details about their rare coverage and discount options.
The Top Home Insurance Companies in Washington
1
Allstate
Score:84
Allstate has the second-highest stability score and the third-highest affordability and satisfaction score in Washington. It is the best provider in the state overall, with policies costing an average of $905 per year. Allstate offers the unique coverage of home rental protection.
More About Allstate
Allstate provides various optional coverage add-ons. This includes an energy efficiency upgrade protection that covers added costs of replacing covered items within your home that are destroyed with more energy-efficient ones. Customers can even get the HostAdvantage® Home-Sharing Insurance protection that covers the costs of renting out your home. Allstate even provides unique discounts, including home buyer, which is available to recent homeowners.
2
Allied
Score:84
Allied has an average annual cost of $841. The insurer ranked second overall in Washington, having the second-best stability and affordability scores. Allied also received the fourth-best score on the customer satisfaction scale.
More About Allied
Allied provides various coverages and discounts to ensure their customers are adequately covered and can save money on their policies.
HOW WE DETERMINED THE BEST WASHINGTON HOME INSURANCE
MoneyGeek determined the best-rated home insurance companies in Washington using quotes sourced across the country as well as J.D. Power’s customer satisfaction and property claims scores. We then used the scores to determine the best home insurance nationally and in Washington.
Keep in mind that the best provider will vary based on your home insurance needs. You can find more information in our methodology.
The Best Homeowners Companies in Washington for Service Quality
When purchasing homeowners insurance, you may want to prioritize claims experience and customer service over costs. MoneyGeek scored the best home insurance in Washington according to these two factors.
From the findings, the top insurers for service quality are:
- Country Financial: MoneyGeek score of 90 out of 100
- Chubb: MoneyGeek score of 82 out of 100
USAA had the highest score of 100 out of 100, but it is not listed in our guide because its policies are only available to military families.
MoneyGeek explained why Country Financial and Chubb had the best scores in Washington for customers seeking the best service experience.
The Top Home Insurance Companies in Washington for Quality Service
1
Country Financial
Score:90
Country Financial had the second-highest scores in claims and the highest score in customer satisfaction, scoring 4.5 in both categories. This means that the insurer has high-quality policy offerings and processes, plus it offers an excellent claim-filing experience.
More About Country Financial
Customers who need additional coverage on their home insurance can find various unique options at Country Financial. This includes earthquake coverage, which protects your home from damage that’s caused by earthquakes.
2
Chubb
Score:82
Chubb had the highest claims score and the sixth-highest satisfaction score. This means that, while the customer experience may not be extremely high quality, the claims process should be quite smooth.
More About Chubb
Chubb provides unique coverage offerings to customers, including risk consulting and cash settlement coverage. Risk consulting coverage ensures that customers get full protection with the assistance of risk consultants. The cash settlement coverage allows you to choose cash reimbursements over rebuilding your damaged home.
The Best Homeowners Companies in Washington on a Budget
The cost of coverage is one of the biggest factors homeowners consider when purchasing insurance. MoneyGeek ranked the best home insurance companies in Washington for those seeking an option with quality service and affordable rates.
Based on our study, the top insurers in the state for homeowners on a budget are:
- Travelers: MoneyGeek score of 91 out of 100
- Allied: MoneyGeek score of 89 out of 100
Policies from Travelers cost an average of $677 per year, while the average annual cost of a home insurance policy from Allied is $841.
MoneyGeek outlined why Travelers has the highest score for homeowners on a budget and explains its unique discounts as well as coverage options.
The Top Home Insurance Companies in Washington on a Budget
pros
Affordable home insurance coverage at roughly $677 per year
Discounts for having a green home, remaining claims-free and having protective devices in your home
cons
Does not offer new home or home renovation discounts
MoneyGeek satisfaction rating of 3.55 out of 5
COMPANY HIGHLIGHTS
Travelers had the highest affordability score in Washington, at 5 out of 5. The company provides several discount opportunities like bundling, protective devices and claims-free discounts. The bundling discount allows you to save money by bundling your home and car insurance policies. The claims-free discount is available for individuals joining Travelers who do not have any recent claims, while the protective devices discount is for individuals who have protective gadgets installed in their homes.
Travelers also provides unique discount options such as the green home and home buyer discounts. With the green home discount, you can save up to 5% if your home is a certified “green home” by the Leadership Energy and Environmental Design organization. Plus, the home buyer discount is offered to customers who purchased their home within 12 months prior to the policy effective date.
The Best Homeowners Companies in Washington for Expensive Homes
If you have an expensive home, you will need an insurer that provides additional coverage that meets your needs. MoneyGeek determined the average home insurance rates in Washington for a home that would cost approximately $2 million to replace and considered customer service in the analysis.
From the findings, the best home insurance companies in Washington for expensive homes are:
- State Farm: MoneyGeek score of 83 out of 100
- Allstate: MoneyGeek score of 83 out of 100
USAA had the highest MoneyGeek score at 97 out of 100. However, USAA policies are limited to military families, so they were excluded from our rankings.
MoneyGeek broke down the unique coverage and discount options for State Farm to explain why the company is the best for owners of expensive homes in Washington.
The Top Home Insurance Companies in Washington for High-Value Homes
pros
Customer satisfaction rating of 4.09 out of 5
cons
Average cost of $8,254 per year
COMPANY HIGHLIGHTS
Based on MoneyGeek’s scoring system, State Farm scored highly on the customer satisfaction scale and ranked lower on the affordability scale in Washington.
The insurer has several coverages for high-value homeowners, including scheduled personal property and cyber event / ID theft coverage. Scheduled personal property coverage offers extra protection for valuables, including jewelry and furs, silverware and goldware, business property, firearms and fire department service charges. Cyber event / ID theft offers added protection for case management services and expense reimbursement for those whose identities were used in fraudulent activities.
The Best Homeowners Companies in Washington for Veterans
MoneyGeek ranked the best home insurance companies in Washington for military families. According to the research, USAA is the best provider with an average score of 93 out of 100.
USAA’s policies cost $1,290 per year on average. The company has the highest ratings in Washington for customer satisfaction and financial stability.
Furthermore, USAA customizes its policies and services to military members and their families.
The Top Home Insurance Companies in Washington for Veterans
pros
Policies are tailored to suit military members and their families
MoneyGeek satisfaction rating of 5 out of 5 or higher
cons
Coverage is not available to non-military members
Affordability score of 3.87 out of 5
COMPANY HIGHLIGHTS
USAA has the highest satisfaction rating for homeowners who are veterans in Washington. However, its affordability score is not the highest.
USAA offers several unique coverages and discount options, including contents replacement cost coverage. This pays for the expenses incurred when you replace your belongings and doesn’t take into account depreciation. Customers can also get various optional coverages, like earthquake coverage that pays for the damage caused by earthquakes. Eligible homeowners can even get discounts from the insurer for having protective devices in their homes and maintaining a claims-free record.
The Best Homeowners Companies in Washington for Bundling
Bundling auto and home insurance can help homeowners save on their insurance costs. If you want to purchase car insurance, MoneyGeek also ranked the best car and home insurance bundles in Washington to help you make the right choice.
Based on our findings, the top companies offering the best home insurance and the best car insurance in Washington include:
- State Farm: MoneyGeek score of 85 out of 100
- Allstate: MoneyGeek score of 82 out of 100
Choosing the best bundled coverage for your home not only allows you access to various discounts, but it also makes it easier to manage multiple policies since they are under the same insurer.
The Top Home Insurance Companies in Washington for Bundling
pros
Homeowners insurance MoneyGeek score of 4.05 out of 5
Auto insurance MoneyGeek score of 4.05 out of 5
23% bundling discount
cons
None
COMPANY HIGHLIGHTS
State Farm has a bundling discount of 23% for policyholders who combine their home and auto insurance policies. The company has a rating of 4.05 out of 5 for both car insurance and home insurance.
State Farm policyholders receive unique home coverages, including home systems protection. This covers the cost of loss caused by a sudden electrical or mechanical breakdown of permanently installed equipment in the home. The equipment includes heating and cooling, generation and distribution as well as air and water filtration systems.
Policyholders also get extra car insurance coverages, including rideshare insurance. Rideshare insurance helps individuals who work for rideshare companies access medical, rental car reimbursement and emergency roadside assistance in case of an accident.
How to Find the Best Home Insurance in Washington
When buying the best-rated home insurance in Washington, it is essential to choose a company that balances service reputation, cost and financial stability. MoneyGeek analyzed the best insurers in the state to help you get information faster. However, you may decide to do the research by yourself using the following steps.
1
Research Customer Service Reputations in Washington
MoneyGeek researched home insurance companies in Washington and their customer service reputations. You can use our analysis or do your own research by reviewing J.D. Power’s satisfaction scores and NAIC complaint ratios for insurers within the state. You can also check out the Washington Department of Insurance website for more information.
2
Compare Quotes for Yourself
MoneyGeek used a sample homeowner profile to source quotes across insurance companies in Washington. However, the rates may not apply to your situation, and you may want to compare quotes across at least three providers to get a close estimate of your premiums.
3
Make Sure the Company Has Coverages You Want in Washington
Some insurance providers advertise discounts and coverages that are not available in all states. Therefore, you need to confirm that your preferred provider offers all the discounts and coverages that you want included in your policy.
4
Double-Check Financial Stability Ratings
The financial strength of an insurance company determines how easy it will be for the provider to settle your claims. Large insurance companies often have higher financial stability ratings than regional companies.
FAQs About the Best Home Insurance in Washington
The best-rated home insurance company in Washington varies based on your needs and unique circumstances. MoneyGeek answered some of the commonly asked questions to help you with your research.
The best overall home insurance provider in Washington is Allstate as it balances affordability, financial stability, customer service and claims experience. However, the top insurer may change across different types of homeowners. For instance, Country Financial is the best for service quality, Travelers the best for homeowners on a budget and State Farm is ideal for those with expensive homes or people who want to bundle coverages.
The cheapest insurer in Washington is Travelers at approximately $677 per year. However, the best cheap insurance companies in Washington may not always offer the best customer service and claims experience.
Expert Advice on Home Insurance in Washington
- What advice would you give for first-time buyers looking for homeowners insurance in the District of Columbia?
- How do regulations and laws in the District of Columbia impact the amount or type of coverage a homeowner should buy?
- Are there any environmental factors homeowners should consider when selecting a home insurance plan in the District of Columbia?
Thomas Simeone
Trial Attorney at Simeone & Miller, LLP
Methodology
MoneyGeek scores for homeowners insurance in Washington were calculated by using a scaled and weighted average of J.D. Power Property Claims and Customer Satisfaction Scores, real homeowners insurance quotes and financial stability ratings from A.M. Best. Our scoring system weighted J.D. Power scores 60%, affordability 30% and financial stability 10%, adjusting weightings in the sections focused on affordability and service experience specifically.
MoneyGeek analyzed homeowners insurance quotes from 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 Mark Fitzpatrick
