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Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent. Amy Sims is a managing editor for Bankrate, leading a team responsible for creating educational insurance content. Kenneth Chavis IV is a senior wealth manager who provides comprehensive financial planning, investment management and tax planning services to business owners, equity compensated executives, engineers, medical doctors and entertainers. Updated Nov 07, 2022 Find your perfect provider
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Price shouldn't be the only consideration for homeowners when shopping for the best homeowners insurance in Washington State. Instead, homeowners should also consider what fits their unique situation to achieve peace of mind by having the right property insurance coverage and standout customer service and claims experience. Bankrate's insurance editorial team analyzed dozens of the best Washington home insurance companies to help homeowners find the insurers that offer the best protection for their homes. Based on our analysis, USAA, State Farm and Chubb, among others, are ranked as some of the top home insurance carriers in Washington State. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare home insurance rates
Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Quick Facts $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage Leaving so soon Your custom quotes are just minutes away
Return to form Key takeaways The best home insurance companies in Washington State include USAA, State Farm and Chubb. Washington homeowners tend to enjoy lower-than-average rates when compared to the nation as a whole. Understanding Washington's unique causes of home damage is important when choosing home insurance coverage options. Price shouldn't be the only consideration for homeowners when shopping for the best homeowners insurance in Washington State. Instead, homeowners should also consider what fits their unique situation to achieve peace of mind by having the right property insurance coverage and standout customer service and claims experience. Bankrate's insurance editorial team analyzed dozens of the best Washington home insurance companies to help homeowners find the insurers that offer the best protection for their homes. Based on our analysis, USAA, State Farm and Chubb, among others, are ranked as some of the top home insurance carriers in Washington State. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare home insurance rates
Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Quick Facts $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage Leaving so soon Your custom quotes are just minutes away
Return to form Key takeaways The best home insurance companies in Washington State include USAA, State Farm and Chubb. Washington homeowners tend to enjoy lower-than-average rates when compared to the nation as a whole. Understanding Washington's unique causes of home damage is important when choosing home insurance coverage options. Price shouldn't be the only consideration for homeowners when shopping for the best homeowners insurance in Washington State. Instead, homeowners should also consider what fits their unique situation to achieve peace of mind by having the right property insurance coverage and standout customer service and claims experience. Bankrate's insurance editorial team analyzed dozens of the best Washington home insurance companies to help homeowners find the insurers that offer the best protection for their homes. Based on our analysis, USAA, State Farm and Chubb, among others, are ranked as some of the top home insurance carriers in Washington State. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare home insurance rates
Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Quick Facts $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage Leaving so soon Your custom quotes are just minutes away
Return to form Key takeaways The best home insurance companies in Washington State include USAA, State Farm and Chubb. Washington homeowners tend to enjoy lower-than-average rates when compared to the nation as a whole. Understanding Washington's unique causes of home damage is important when choosing home insurance coverage options. Compare rates and save on home insurance today! Get quotes Close X Compare rates and save on home insurance today! Get quotes Close X Compare rates and save on home insurance today! Get quotes Close X How Bankrate chose the best home insurance companies in Washington
In our search for the best homeowners insurance in Washington, we looked at data on the largest companies in the state by market share. We started by analyzing average rate data from Quadrant Information Services. Then, we reviewed each company's coverage options, discounts, digital tools and third-party scores from AM Best and the . We combined this information into our proprietary Bankrate Score model, which rates the companies on a scale of 0.0 to 5.0. The higher a company's Bankrate Score, the more highly it ranked in the combined rating categories.
Bankrate utilizes Quadrant Information Services to analyze 2022 current rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits: Coverage A, Dwelling: $250,000 Coverage B, Other Structures: $25,000 Coverage C, Personal Property: $125,000 Coverage D, Loss of Use: $50,000 Coverage E, Liability: $300,000 Coverage F, Medical Payments: $1,000 The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required). These are sample rates and should be used for comparative purposes only. Your quotes will differ.
Bankrate Scores are calculated on a five-point scale and primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for homeowners to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support. To determine how well the best home insurance companies satisfy these priorities, third-party agency ratings from , , , , and Moody's had the most impact on the companies' Bankrate Scores. As price is a common consideration for homeowners, we analyzed quoted premiums based on 40-year-old male and female homeowners with a home policy with $250,000 in dwelling coverage. This profile, assessed across nearly 35,000 ZIP codes in the U.S., provided a basis on which homeowners may compare each provider. While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer's online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores. Best home insurance companies in Washington
According to our research, USAA, State Farm, Chubb, Nationwide and Allstate sell the in Washington State. These companies offer impressive customer service and financial strength ratings, and many offer cheap homeowners insurance premiums, on average. If you're shopping for the best Washington homeowners insurance, you may want to from these five companies: Insurance company AM Best J.D. Power Average monthly premium Average annual premium Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. AM Best A++ (Superior) J.D. Power 884 /1,000 Average monthly premium $53 Average annual premium $639 Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. AM Best A++ (Superior) J.D. Power 829 /1,000 Average monthly premium $141 Average annual premium $1,691 Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. AM Best A++ (Superior) J.D. Power 809 /1,000 Average monthly premium $103 Average annual premium $1,238 Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. AM Best A+ (Superior) J.D. Power 816 /1,000 Average monthly premium $46 Average annual premium $551 Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. AM Best A+ (Superior) J.D. Power 815 /1,000 Average monthly premium $63 Average annual premium $750 Powered by Coverage.com (NPN: 19966249) This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. *USAA not officially ranked by J.D. Power due to eligibility restrictions This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare home insurance rates
Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Quick Facts $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage Leaving so soon Your custom quotes are just minutes away
Return to form Key takeaways The best home insurance companies in Washington State include USAA, State Farm and Chubb. Washington homeowners tend to enjoy lower-than-average rates when compared to the nation as a whole. Understanding Washington's unique causes of home damage is important when choosing home insurance coverage options. Explore Bankrate's review J.D. Power: AM Best: ++ Avg. annual premium for 250k dwelling $ Company overview With a low average annual rate, high customer satisfaction score and superior financial strength, USAA took the top spot in our Bankrate Score analysis. However, coverage is only available to eligible current and former military members and certain family members, so it's not an option for everyone. If you are a qualifying homeowner, USAA could be a great choice. The company tailors many of its policies to the unique needs of military families, with coverage for things like uniforms offered as a standard feature. Pros and cons CheckmarkPros Low average home insurance premiums Outstanding third-party scores and ratings Close XCons Eligibility restrictions No physical locations in Washington State Average annual premium by city Washington city USAA avg. annual premium for $250k dwelling Seattle, Washington $621 Spokane, Washington $616 Tacoma, Washington $624 Explore Bankrate's review Explore Bankrate's review J.D. Power: AM Best: ++ Avg. annual premium for 250k dwelling $ Company overview Between its excellent ratings from J.D. Power and AM Best, its large agent network and its policy add-on options, State Farm ranks highly on our list of Washington home insurance carriers. Home insurance in Washington is not the cheapest through State Farm - its average annual rate is higher than the state average - but the carrier offers several ways to save on coverage. could be the most effective way to save as it would likely reduce the cost of your auto policy, but there are also potential options to save by installing security measures and using impact-resistant roofing. Pros and cons CheckmarkPros Extensive network of local in-person agencies Covered roof damages do not require a higher deductible Close XCons Typical premiums may be more expensive than Washington's average Higher-than-average complaints tracked by the National Association of Insurance Commissioners (NAIC) Average annual premium by city Washington city State Farm avg. annual premium for $250k dwelling Seattle, Washington $1,607 Spokane, Washington $1,494 Tacoma, Washington $1,760 Explore Bankrate's review Explore Bankrate's review J.D. Power: AM Best: ++ Avg. annual premium for 250k dwelling $ Company overview Chubb's Masterpiece homeowners insurance policy comes with extra coverage that could offer peace of mind to homeowners. This includes extended replacement coverage for the structure of the home and replacement cost coverage for the belongings, appliances and cabinetry inside the home. However, Chubb ranked as one of the lowest carriers in J.D. Power's 2022 Home Insurance Study. Pros and cons CheckmarkPros Extensive coverage options for high-value homes Offers option for trained risk consultants to inspect the home for preventative damage Close XCons Average premiums are more expensive than Washington's state average Did not rank in J.D. Power's 2022 Insurance Digital Experience Study Average annual premium by city Washington city Chubb avg. annual premium for $250k dwelling Seattle, Washington $1,344 Spokane, Washington $892 Tacoma, Washington $1,318 Explore Bankrate's review Explore Bankrate's review J.D. Power: AM Best: + Avg. annual premium for 250k dwelling $ Company overview Washington State home insurance rates tend to be lower than the national average anyway, but at $551 per year for $250,000 in dwelling coverage - 39% cheaper than the state average - Nationwide has the lowest average annual rate on our list. On top of that, the company offers potential discounts that may help lower premiums even more, including bundling, claims-free, roof age and type, gated community and new home purchase. Nationwide received a lower-than-average score from J.D. Power, which may indicate that its service is less-than-stellar compared to some competitors. Pros and cons CheckmarkPros Coverage options tailored to high-value homes Lower rates, on average, than its competitors Close XCons Lower-than-average J.D. Power score Above-average NAIC complaints Average annual premium by city Washington city Nationwide avg. annual premium for $250k dwelling Seattle, Washington $541 Spokane, Washington $619 Tacoma, Washington $540 Explore Bankrate's review Explore Bankrate's review J.D. Power: AM Best: + Avg. annual premium for 250k dwelling $ Company overview Allstate could be a good option if you're looking for a highly-customized home insurance policy. Allstate could be a good option. The company offers plenty of endorsements to help you build the coverage you need. You could consider adding yard and garden coverage, electronic data recovery or water backup coverage. In addition, Allstate has local agents throughout the state for homeowners who prefer one-on-one service. Allstate has one of the lowest J.D. Power scores on our list, so it might not be the best fit for those who value service. Pros and cons CheckmarkPros Wide array of digital tools Policies available online and through local agents Close XCons Standard coverage options for a basic property policy Lower-than-average J.D. Power score Average annual premium by city Washington city Allstate avg. annual premium for $250k dwelling Seattle, Washington $724 Spokane, Washington $752 Tacoma, Washington $853 Explore Bankrate's review How much is homeowners insurance in Washington
The in 2022 in Washington State is $899 per year for $250,000 in dwelling coverage which is well below the national average of $1,383 per year, despite the risks of earthquakes, adverse weather and wildfires in the state. Washington State has a lower risk of widespread home damage than some other states, which may contribute to its lower-than-average rates. Although rates are lower, if you're looking for the , shopping around and comparing quotes may be worth considering. Home insurance in Washington
When searching for the best home insurance in Washington State, choosing coverage to protect your finances from common perils is important. There are several policy types to choose from, with various coverage add-ons to consider when building your homeowners insurance policy. Common causes of loss in Washington
Each state has its own unique risks that could pose a threat to your home. In Washington, some of the most common causes of home damage are: Wind and hail: and hail damage account for about of all home insurance claims filed in the nation, and Washington is no exception. Power outages and fallen trees often cause damage in Washington from such storms. Fire and lightning: Washington State ranked sixth in the nation for . Wildfires, often caused by , can cause substantial damage to homes and property. Earthquakes: Washington State has a high risk for earthquakes due to its proximity to the Cascadia Subduction Zone. The Nisqually Earthquake near Olympia, Washington, in 2001 had a magnitude of 6.8 and caused roughly in damages to homes and businesses. Home insurance coverage options in Washington
Washington residents might want to consider optional coverage to expand their homes and property protections. Some of the most popular options include: : A standard Washington home insurance policy does not typically include earthquake coverage. You can often purchase earthquake coverage as a home policy endorsement or a separate policy. Not all carriers provide earthquake insurance, but there are companies that specialize in the coverage. : As with earthquake insurance, standard home insurance policies do not cover flood damage. Flood insurance can be purchased through the Federal Emergency Management Agency (FEMA) or select home insurance companies. : Not all companies offer this option, and not all homes qualify (typically, your roof must be within a certain age range), but if you can get guaranteed roof replacement, it could be a good idea. This coverage will pay for the full cost of roof repairs or replacement after a covered peril rather than a depreciated value. Frequently asked questions
There are several types of home insurance policies, but the most common are and policies. Both policies are types of dwelling coverage which cover the structure of your home for any that aren't specifically excluded. However, HO-3 policies only cover your personal property from the types of losses specified, whereas HO-5 policies cover your belongings for anything not specifically excluded. Simply put, HO-5 policies typically provide broader coverage for your belongings than HO-3 policies. Gaining more insight into might help you better understand what your options are before making a decision.
No state legally requires home insurance, but if you have a mortgage or other type of home loan, your lender will probably require you to have a policy. Home insurance is typically a smart purchase even if you own your home outright. A policy could help you pay for repairs or rebuilding costs if your home is damaged or destroyed by a covered peril. Written by Cate Deventer Insurance Writer & Editor Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent. Amy Sims is a managing editor for Bankrate, leading a team responsible for creating educational insurance content. Kenneth Chavis IV is a senior wealth manager who provides comprehensive financial planning, investment management and tax planning services to business owners, equity compensated executives, engineers, medical doctors and entertainers.