Average renters insurance cost in Tacoma, Washington

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Renters in Tacoma, Washington pay an average of $268 per year for renters insurance – $19 more than compared to the state average of $249 annually.

Renters insurance protects your belongings against damage, theft, fire, smoke, and vandalism. It also provides liability coverage if you accidentally hurt someone or cause damage to their property.

What you’ll pay depends on your insurer, deductible, coverage limits, ZIP code, and any discounts you qualify for.

How to get the best deal for renters insurance in Tacoma

Get quotes from at least three insurers before committing – rates can vary dramatically for the same coverage, and the difference can add up to hundreds per year.
Ask about bundling discounts if you carry auto or other insurance – placing multiple policies with one provider usually brings your rate down.
Try increasing your deductible to $1,000 if you’re currently at $500 – the annual savings can reach $12.
Check whether your building’s safety features – deadbolts, smoke detectors, or a security system – qualify you for a discount.
Pay your premium in full for the year rather than splitting it into monthly payments – most insurers reduce the rate for upfront payment.

What is the average cost of renters insurance per month in Tacoma?

Renters insurance in Tacoma doesn’t come with a single price tag – what you pay each month depends on your insurer and how much coverage you choose. For a policy with $20,000 in personal property coverage and a $1,000 deductible, the average premium runs $17 per month.

Moving up to $40,000 in personal property coverage raises the typical monthly rate by about $5 more, landing at $22. That rate reflects $40,000 in personal property protection, $100,000 in liability coverage, and a $1,000 deductible – $1 more than the state monthly average of $21.

Key takeaways

Renters insurance protects your personal belongings and provides liability coverage within your rental
The average annual cost of renters insurance in Tacoma is $268
Nationwide has the most competitive rates in the city
Your premium is influenced by your insurer, coverage limits, ZIP code, and available discounts
If you own valuable items like jewelry, electronics, or furniture, higher coverage limits are worth considering

How much is renters insurance in Tacoma? Rates by deductible

A policy with a $500 deductible and $20,000 in personal property coverage costs an average of $213 per year in Tacoma.

Your deductible is the amount you pay out of pocket before your coverage kicks in. Raising it is one of the simplest ways to reduce your premium – going from $500 to $1,000 can trim $12 from your annual bill.

The table below breaks down renters insurance premiums by personal property coverage amount and deductible.

Deductible	Rates with $20,000 personal property	$40,000 personal property	$60,000 personal property
500	$213	$285	$355
1000	$201	$268	$334

Who offers affordable renters insurance in Tacoma?

For the lowest rates in Tacoma, Nationwide leads the way at $142 annually or $12 per month. State Farm is the next most affordable option, followed by PEMCO.

Below is a comparison of the most affordable renters insurance providers in Tacoma, including average annual and monthly rates.

Renter insurance provider	Average annual rate	Average per month rate
Nationwide	$142	$12
State Farm	$150	$13
PEMCO	$210	$18
Allstate	$262	$22
American Family	$285	$24
Farmers	$347	$29
USAA*	$371	$31

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

How to lower the cost of renters insurance

You can lower the cost of renters insurance by shopping around, bundling policies, and going for a higher deductible.

Bundle policies. Combining your renters, auto, or other coverage under one insurer typically earns you a discount across your policies.
Increase your deductible. Opting for a higher deductible will reduce your premium immediately – provided you’re confident you can cover that amount if a claim arises.
Choose the right coverage amount. Look over your policy every year. If your possessions are modest in value, there’s a good chance you’re paying for more personal property coverage than you actually need.
Avoid filing small claims. Submitting several small claims over time can accelerate rate increases more than a single larger claim. Where the cost is manageable, paying directly is often the smarter move.
Improve your credit score. Insurers in most states incorporate your credit score into their pricing. Improving it is one of the more impactful steps you can take to reduce what you pay.
Compare quotes every renewal. Your rate today may not be the best rate available. A few minutes spent comparing quotes at each renewal can add up to significant annual savings.

Renters insurance replaces what you own if it’s stolen or damaged, and it covers you financially when you’re liable for someone else’s loss. Getting quotes from multiple insurers and making use of available discounts are the most straightforward ways to secure a fair rate.

Frequently asked questions

Is renters insurance required in Tacoma?

No state law requires it, but individual landlords often do. Beyond lease requirements, it’s a practical safeguard – it protects your belongings and covers you if someone is injured in your home.

What does renters insurance cover?

Renters insurance covers personal belongings damaged or stolen in a covered event, liability costs if you’re found responsible for injury or property damage, and temporary accommodation expenses if your rental becomes uninhabitable.

How much renters insurance do I need?

Start with enough to fully replace your possessions. If you own high-value items – electronics, jewelry, or specialty equipment – consider bumping up your limits or adding scheduled coverage for individual items.

Who has the cheapest renters insurance in Tacoma?

Nationwide has the lowest average rates in Tacoma, coming in at $12 per month.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered renters insurance rate data for Tacoma based on $40,000 in personal property coverage, $300,000 in liability coverage, and a $1,000 deductible. Rates reflect a good credit tier profile.

How much is renters insurance in other cities?

See rates in your city

Alisha Ambre

Alisha Ambre holds a Bachelor of Arts with honours in English Literature and Media Studies. She focuses on crafting clear, engaging content that makes complex information feel practical and approachable for everyday readers. When she’s not writing, she’s likely on the volleyball court or immersed in a good video game.