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Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service. According to an Insurance.com analysis, PEMCO is the cheapest home insurance company in Seattle with an average annual rate of $841. The following table shows the cheapest home insurance companies in Seattle. The average cost of homeowners insurance in Seattle varies depending on the coverage level you choose. Homeowners insurance costs $1,207 per year for dwelling coverage of $200,000 and $1,526 for $300,000 of dwelling coverage.
What does home insurance protect against?
These are sample rates generated through Quadrant Information Services. NAIC complaintsRatings are based on complaints to state regulators relative to a company’s size, according to three years’ worth of data from the National Association of Insurance Commissioners. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC. Many or all of the products featured here are from our partners who compensate us.
Home and auto bundle discount (multi-policy):
Staying with the same insurance company can earn you a loyalty discount, which could save you around $107 annually on your home insurance in Seattle. Leslie Kasperowicz is an insurance expert with four years of direct agency experience and over a decade of creating educational content to help insurance shoppers make confident, informed decisions. The above is meant as general information and as general policy descriptions to help you understand the different types of coverages. These descriptions do not refer to any specific contract of insurance and they do not modify any definitions, exclusions or any other provision expressly stated in any contracts of insurance. We encourage you to speak to your insurance representative and to read your policy contract to fully understand your coverages.
Homeowners Insurance Discounts and Savings
In Washington, those with poor credit pay an average of $1,495 per year for homeowners insurance, according to NerdWallet’s rate analysis. Depending on how much personal assistance you need, you can get a quote for homeowners insurance on the Nationwide website or work with a local agent instead. You can also use the website to pay bills, file claims or check claim status.
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The content created by our editorial staff is objective, factual, and not influenced by our advertisers. Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Nationwide makes it easy to bundle your insurance policies and save. Bundle your insurance policies and stay protected with a multi-policy discount. You can save money by choosing Nationwide to protect your home, car, and more.
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The company with the cheapest rates for you depends on where you live and other factors to do with your home and insurance record. We found that the cheapest home insurance in the entire city of Seattle can be found in the ZIP code. The average cost of homeowners insurance here is $1,069 per year, which is 8% cheaper than average in the state of Washington. Power’s 2022 claims satisfaction study (though it was below-average on J.D. Power’s overall customer satisfaction and digital experience surveys). Plus, Farmers receives fewer complaints than average, according to the National Association of Insurance Commissioners. But if speed, value, and overall ease-of-use are your priorities, then we recommend getting home insurance quotes through our online marketplace at Policygenius.
These are sample rates and should be used for comparative purposes only. Though home insurance rates in Washington are relatively low, that doesn’t mean that the insurance situation in the state is perfect. It’s important for homeowners in the region to understand the risks they face. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.
Cheapest ZIP codes for home insurance in Seattle
Besides this bundling discount, Farmers offers homeowners more than one dozen other discounts. All rates based on the above coverage limits except where otherwise noted. Looking at the two fictional quotes above, you can see that while State Farm has higher premiums than Allstate, you only have to pay $500 when you file a standard claim — versus $2,000 with Allstate. In addition to deciding how much of each coverage you need, you should also look at how claim settlements are determined when comparing policies from different companies. For a potentially faster and more accurate home insurance quote comparison, consider having the following information on-hand.
Best home insurance for customer service: Nationwide
If you are on the fence don’t be you will not regret the decision to use this service. Home insurance prices are roughly 35% higher nationally compared to two years ago, with several wildfire and tornado-prone states accounting for the largest average increases. The homeowners also have a $1,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply. This covers medical payments for minor injuries to people who don't live with you but get hurt on your property. For example, a visitor slips down your steps on a rainy day and gets injured. Homeowners insurance in Washington covers fires from most causes, including wildfires.
Even if you don't have a mortgage on your property, a homeowners policy may be valuable in protecting against damage to your property and belongings. With just a few clicks you can look up the GEICO Insurance Agency partner your insurance policy is with to find policy service options and contact information. With just a few clicks you can access the GEICO Insurance Agency partner your boat insurance policy is with to find your policy service options and contact information. NerdWallet calculated median rates for 40-year-old homeowners from various insurance companies in every ZIP code across the state. How much you pay for homeowners insurance in Washington depends on where you live.
States with frequent hurricanes, wildfires, and other disasters often have higher average home insurance rates than those with more mild weather. Progressive is ideal if you’re looking to purchase home and auto insurance policies at the same time to score discounts on your premiums. Openly insures homes up to $5 million with its impressive lineup of customizable policy add-ons that come with high coverage limits — and the best part? Its rates are surprisingly affordable considering its high-net worth customer base. Nationwide home insurance features a slew of comprehensive coverage options. Power, indicating you can rely on Nationwide when it matters most.
If you purchase your home and auto insurance from the same company, you can save an average of $266 a year. Flood insurance is a separate policy with additional protection to a homeowners policy, protecting you from more severe types of water damage like heavy rain, melting snow, or severe coastal storms. Many insurers offer flood insurance through the National Flood Insurance Program, while some offer their own private policies. As of 2022, the average cost of flood insurance in the state of Washington is $930, but your rate will depend on where exactly in Seattle your property is located.
Look for companies that offer discounts, like money off for bundling your home and auto insurance. With an average premium of $1,966 per year, Nationwide home insurance is a hair more expensive than the national average. Most standard home insurance policies come with replacement cost dwelling coverage and actual cash value personal property coverage by default. The good news is that there are several cheap home insurance companies in Washington, with average annual rates that are lower than the statewide average of $1,316 and national average of $2,151. Here are some of the cheapest home insurance companies in WA, keeping in mind that your rate will vary based on several factors.
Simply click the Get free quotes button anywhere on this page to get started. Here’s a step-by-step look at how to compare home insurance quotes. Washington homeowners are seeing more frequent policy cancellations and nonrenewals due to the higher risk insurers would be taking on to cover homes here. The trend is partially due to destructive wildfires in the state in recent years, which resulted in costly claims. In 2022, the insurance commissioner’s office saw a tenfold increase in the number of complaints residents filed over home insurance cancellation notices. Roughly 80 percent of these policyholders lived in wildfire danger zones, and some were notified less than a month before wildfire season was to begin.
We like that State Farm lets homeowners get extended replacement cost coverage for their homes, replacement cost coverage for their personal property, water backup protection, and more. You'll also notice that both State Farm and Allstate have the same coverage limits for your dwelling and personal property. However, State Farm's quote comes with more comprehensive protection in the form of guaranteed replacement cost coverage for your house and replacement cost coverage for your belongings. It may be appealing to people who want to bundle their auto and home coverage — the company offers a single deductible and single premium for certain policy packages. However, this provider has a high rate of customer complaints, according to the NAIC.
We found that the average cost of homeowners insurance in Seattle is just $1,130 per year or $94 a month. This is around 3% cheaper than the Washington state average, and more than 30% cheaper than the national average of $1,754 per year. Explore home insurance coverage options in Seattle and protect yourself and the things that matter most, all while finding new ways to save. Get your car insurance and your homeowners insurance policy together from GEICO to receive a reduced rate on your vehicle insurance. Home insurance protects one of your most important investments and offers protection for you from accidents in your home or on your property.
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