Average homeowners insurance cost in Spokane, WA

Why you can trust Insure.com

Quality Verified

At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.

The average cost of homeowners insurance in Spokane is $1,544 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), based on Insure.com’s rate data analysis. It’s $1,038 less than the national average of $2,582.

However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in Spokane depend on a number of factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide to know how much homeowners insurance cost per month in Spokane, home insurance cost for different dwelling coverage, also know which companies offer cheap home insurance in Spokane.

In this guide, we will explain everything from what coverage options are available to which companies have the cheapest rates for homeowners insurance in Spokane.

Key takeaways

In Spokane, homeowners insurance costs $1,544 annually.
Nationwide offers the most affordable homeowners insurance in Spokane with an average annual premium of $1,007.
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $335 higher.

Average homeowners insurance cost in Spokane per month

According to Insure.com’s rate analysis, residents of Spokane pay an average of $129 per month for homeowners insurance. This is $4 less than the state average of $133 and $86 less than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Spokane can vary depending on your location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Spokane

In Spokane, WA, homeowners pay an average of $1,209 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as – natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas are higher, resulting in higher insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

Average homeowners insurance cost for a $300,000 house in Spokane

According to a rate analysis by Insure.com, homeowners in Spokane pay an average of $1,544 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $335 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.

However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Spokane by company

Among the carriers analyzed, Nationwide is the most affordable homeowners insurance company in Spokane. It’s average annual rate for homeowners in Spokane is $1,007.

PEMCO, ranks second and Allstate makes it to the third spot with an average annual home insurance rate of $1,097.

Research on the company is essential before selecting a homeowners insurance policy. Insure.com has thoroughly examined all insurance companies operating in Spokane and compiled a list of the most affordable home insurance companies.

Below are details of Spokane home insurance companies and their average annual premiums.

Home Insurance Company	Annual rate
Nationwide	$1,007
PEMCO	$1,089
Allstate	$1,097
Farmers	$1,450
State Farm	$1,274
USAA*	$2,358

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Spokane for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.