After evaluating a wide array of insurance companies in the state of Washington, we have determined that Travelers is the best home insurance provider because of their offerings and discounts for new and potential homeowners.
To create this list, we found the largest homeowners insurance companies in Washington, and evaluated each by their average price, policy offerings, financial strength, discounts and customer service. Specifically, we looked at 15 different insurance companies and narrowed down the list to include our top four recommendations, which are included below.
The Four Best Homeowners Insurance Companies in Washington
Average Cost of Homeowners Insurance in Washington
In the state of Washington, the average price of homeowners insurance is $854 per year, according to data from the Insurance Information Institute, way below the national average of $1,211 per year. However, not every Washington homeowner will pay the same amount for their home insurance. Insurance companies use factors like your age, the city you live in and the age of your home to calculate your personalized rate.
Home Insurance add-ons that will further protect you
The pacific northwest has a relatively mild climate, with frequent rain and some snowfall in the winter. Because of that, most weather-related events will be covered under a basic homeowners insurance policy. For people that live in areas that are prone to flooding, purchasing a flood insurance policy through the National Flood Insurance Program is a good idea. Washington residents may also consider purchasing earthquake insurance, which is offered through most major insurance providers.
Helpful Resources for Washington Homeowners
The Office of the Insurance Commissioner for Washington State has a number of helpful resources for those interested in buying homeowners insurance. There are articles that explain how home insurance works, how to get earthquake and flood coverage, how to file a claim and more. They also have a live chat feature for any questions you want to ask an insurance expert with the department.
To start the process of getting homeowner insurance in Washington, you’ll need to get a quote online or over the phone from the companies you’re interested in. After answering a few questions about yourself and your home, you’ll get a better idea of what you can expect to pay. You can apply for homeowners insurance or update your policy at any point during the year.
To find the best homeowners insurance companies in Washington, we started by compiling a list of the biggest providers by market share. We closely evaluated each company to get a better understanding of their prices, coverage options, discounts, add-on coverages, financial strength, and customer service ratings.
Best Washington Homeowners Insurance Companies
- Affordable prices
- Mobile app and online tools
- Add-on coverages
- Average customer service
Travelers is a popular insurance company nationwide known for offering affordable home insurance premiums and good discounts. On Travelers’ Home Central blog, you’ll find a variety of articles and resources that help customers learn more about home insurance and what type of coverage they need.
We also like that Travelers has a mobile app that customers can use to file a claim, manage their policy, make a payment, access virtual ID cards and more. If you’re buying a new home, you can use Travelers’ OpenHouse app to get free insights into the home’s history of renovations and claims.
The biggest downside to Travelers is that their customer service is not highly regarded. The company has 93 ratings from the BBB, with an average of 1.1 stars. Consumer Affairs shows a similar rating, with 38 reviews and an average score of 1.5 stars.
- Extensive coverage options
- Online tools and mobile app
- Customer service
- Only available to military members and families
USAA is recognized as one of the top insurance companies in the country. They are known for offering excellent customer service, with a perfect 5 star rating from J.D. Power. They also offer extensive coverage options that allow customers to personalize their policy to fit their needs.
The company has a great mobile app that allows customers to manage their policy, file a claim or make a payment from their phone. USAA’s home learning center has a library of informational articles related to home insurance buying.
If you’re familiar with USAA, then you know they only offer insurance to active military members, veterans and their immediate family members. Their only downside is that they are only available to that community.
- Online resources
- Average coverage options
Pemco is local to the pacific northwest, with agents in Washington and Oregon. They offer a good range of discounts for being claims-free, bundling policies, being an educator, insuring a new home and more.
The company also has an online tips and resources center which includes articles like how to get homeowners insurance, how to protect your home from common damages, and how to choose a contractor for home repairs.
If you’re looking for basic homeowners insurance, Pemco is a good option, however, their coverage options are average at best, and are less extensive than other providers we looked at.
- Tiered coverage options
- Add-on coverages
- More expensive premiums
- Few discounts
Encompass offers homeowners insurance in three tiers—Elite, Deluxe and Special. That allows customers to choose a coverage policy that meets their needs and fits within their budget.
Customers can choose to add-on a variety of coverages for added protection, including enhanced replacement cost coverage, water backup coverage, increased building costs, mortgage rate protection and more.
Based on our evaluation of Encompass, their biggest flaw is their lack of discounts, especially compared to some other providers on our list. On top of that, their policies tend to be more on the expensive side.
The Cheapest Homeowner Insurance Companies In Washington
Quadrant home insurance rate data as of 12/01/2019.
Top 3 Cheapest Homeowner Insurance Companies in Washington
• Nationwide – $359
• Grange Insurance – $484
• Travelers – $572.50
Top 3 Most Expensive Homeowner Insurance Companies in Washington
• Foremost Insurance – $2,072
• Chubb – $1,147.25
• First Liberty Insurance – $1,104
In Washington state, the cheapest homeowners insurance providers are Nationwide, Grange Insurance and Travelers. Our research found that the most expensive providers are Foremost Insurance, Chubb and First Liberty Insurance. We determined that the average annual premium across the 15 providers we evaluated is $865. These rates are based on general profiles, so to determine the actual amount that you will pay, we recommend getting personalized quotes from multiple insurance providers.
Homeowners Insurance FAQ
Is homeowners insurance required in Washington?
No, homeowners insurance is not legally required in Washington. But if you take out a mortgage on your home, keep in mind that your lender will most likely require you to have a minimum amount of insurance before they approve your loan.
What is the cheapest homeowners insurance in Washington?
Based on the sample quotes we received from the companies on our list, the cheapest home insurance provider in Washington is Nationwide. The average annual premium from Nationwide costs $359 on average. The second least expensive home insurance company is Grange Insurance, with an average annual rate of $484.