Average homeowners insurance cost in Washington

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Whether you’re buying a new home or want to protect the property you currently own, it’s important to have sufficient homeowners insurance coverage in place. However, home insurance policies can get expensive, depending on your insurer and the coverage level you choose.

On average, Washington homeowners insurance costs $1,596 a year, based on Insure.com’s data.

Learn more about the average homeowners insurance rates by company and ZIP code in Washington.

Key Takeaways

Homeowners insurance costs an average of $1,596 a year, based on Insure.com analysis.
Of all the ZIP codes in Washington, 98383 has the most affordable home insurance rates at around $1,297 annually.
In Washington, Nationwide provides the most affordable home insurance at an average annual premium of $978.

Average home insurance cost in Washington by coverage level

Homeowners insurance costs $1,596 a year in Washington for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible.

If you raise the dwelling coverage limit from $300,000 to $400,000, the cost of homeowners insurance in Washington will increase to $2,001 per year for $100,000 in liability protection and a $1,000 deductible. Below, you’ll find the average cost of homeowners insurance in Washington for dwelling coverage limits of $300,000, $400,000, and $500,000.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$1,247	$104
$200,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$1,260	$105
$300,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$1,596	$133
$300,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$1,612	$134
$400,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$2,001	$167
$400,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$2,017	$168
$600,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$2,781	$232
$600,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$2,801	$233
$1,000,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$4,290	$357
$1,000,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$4,314	$360

Homeowners insurance companies in Washington determine rates based on risk factors. When calculating premiums, they consider your location, claims history, credit history and coverage limits.

If your neighborhood has experienced many claims in the last few years, you can expect to pay higher home insurance rates than areas with few to no claims. Your credit score can also play a role in determining your home insurance costs.

According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.

Best homeowners insurance companies in Washington

It’s always a good idea to shop around and compare prices before purchasing homeowners insurance. Several factors come into play when choosing the best homeowners insurance company.

We evaluated homeowners insurance providers in Washington by comparing their NAIC scores and AM Best ratings and compiled a list of the top insurers in the state. Based on Insure.com’s analysis, PEMCO received the lowest NAIC score and an AM Best rating of B++. A lower NAIC score signifies fewer complaints relative to the company’s size, indicating greater customer satisfaction.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
PEMCO	$1,065	B++	0.2	5
Nationwide	$978	A+	0.87	4.14
Farmers	$1,570	A	0.54	4.07
Allstate	$1,181	A+	0.9	3.89
State Farm	$1,507	A++	0.95	3.57

Average homeowners insurance cost by company in Washington

Nationwide has the cheapest homeowners insurance rates in Washington. Its average annual cost for Washington homeowners is $978. PEMCO and Allstate also offer affordable insurance.

By comparing homeowners insurance rates, you could save hundreds, if not thousands, of dollars annually.

The table below shows the average annual and monthly insurance rates for homeowners in Washington with $300,000 in dwelling coverage, $100,000 in liability coverage, and a $1,000 deductible.

Company	Average annual rate	Average monthly rate
Nationwide	$978	$82
PEMCO	$1,065	$89
Allstate	$1,181	$98
State Farm	$1,507	$126
Farmers	$1,570	$131
USAA*	$2,352	$196

*USAA is only available to military community members and their families.

Washington homeowners insurance rates by ZIP code

In Washington, insurance companies evaluate the risk associated with specific locations to determine premiums. ZIP codes with higher crime rates or a history of natural disasters are often considered high-risk, resulting in higher insurance premiums. Additionally, the cost of rebuilding or repairing homes in a particular ZIP code can influence your price for a homeowners insurance policy.

Shop around and compare quotes from different insurance companies to find the best home insurance rates in Washington. Also, remember to inquire about any discounts, such as bundling policies or smart home discounts, to help lower your premium.

Most affordable ZIP codes for home insurance rates in Washington

Not every area in Washington has the same home insurance cost. How much you pay for homeowners insurance in Washington depends on many factors, including your ZIP code. Our data shows that 98383 ZIP has low-cost home insurance rates in Washington, at about $1,297 a year or $108 monthly.

Below you can find homeowners insurance rates for some of the most affordable ZIP codes in Washington.

ZIP code	Average annual rate	Average monthly rate
98383	$1,297	$108
98277	$1,302	$109
98221	$1,303	$109
98315	$1,306	$109
98250	$1,311	$109
98245	$1,314	$110
98311	$1,315	$110
98261	$1,320	$110
98370	$1,321	$110
98310	$1,324	$110

Most expensive ZIP codes for home insurance rates in Washington

Your ZIP code is a key factor in determining the cost of your homeowners insurance coverage. In Washington, certain areas have higher insurance premiums due to elevated crime rates, increased risk of natural disasters, and higher living costs.

99140 has the most expensive homeowners insurance rates in Washington at an average annual cost of $1,940.

Below, we’ve highlighted some of the most expensive ZIP codes in Washington for home insurance:

ZIP code	Average annual rate	Average monthly rate
99140	$1,940	$162
98834	$1,914	$160
98852	$1,909	$159
98846	$1,893	$158
98922	$1,892	$158
98833	$1,887	$157
99129	$1,883	$157
99147	$1,879	$157
99137	$1,878	$157
99401	$1,874	$156

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in Washington by city

See rates in your city

Home insurance rate trend in Washington

We analyzed home insurance rate trends in Washington and found that homeowners insurance rates experienced an overall decrease of 3% or $47, from 2022 to 2023.

The following data highlights the changes in homeowners insurance rates since 2019.

2019 rates	2022 rates	2023 rates
$1,271	$1,643	$1,596

Finding the right homeowners insurance requires thorough research and comparing rates from different insurers, as each has its own way of assessing risk. By gathering quotes from at least three companies, you can increase your chances of getting the most affordable coverage in Washington.

Resources & methodology

Source

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.

Methodology

Insure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

$300,000 dwelling coverage
$100,000 liability protection
$1000 deductible

We have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.