Washington state is the cornerstone of the region and one of the fastest-growing areas in the country. Property prices are skyrocketing and if you’re already a homeowner you can consider yourself lucky. Yet your house isn’t just an investment, it’s also your home and the focal point of your family. And you want to make sure it stays safe, or at the very least have a fallback position should the elements, a fire, or another disaster severely damage it. That’s what you need homeowners insurance for, and fortunately, we’ve taken the time to find the best options.
Here are the three cheapest homeowners insurance providers operating in Washington:
The Three Cheapest Quotes:
Homes and homeowners will vary, and as such so will rates. As such, we ask you to remember that the below information reflects averages and trends instead of the exact experience you will encounter with each company.
The number listed next to each provider is the average annual rate for a standard policy.
1) Farmers: $781
The cheapest option on average for Washington, Farmers stands out from the rest of the pack in Washington in that they are affordable while still providing plenty of other options for customers. On top of that, they are the best when it comes to customer service, with great agents and representatives ready to help you with whatever you need. We also consider them a great choice for new homeowners.
The downside to Farmers is that compared to other companies they aren’t the most stable and don’t receive as high marks along those lines as competitors. Yet more direct to your concerns is the fact that a lot of customers, for one reason or another, are unsatisfied with their coverage some time into their relationship with Farmers. For this, we ask that you please read your plan carefully.
You can expect the following working with Farmers:
- Three different base plans to choose from, and each of them has customization options branching off from there.
- Discounts for new homes, not smoking, bundling policies, using strong roofing materials, installing home safety devices, making recent renovations, and more.
- Declining deductibles and claim forgiveness for people who make claims rarely.
2) State Farm: $964
While a bit more expensive than Farmers, State Farm remains as it does for the rest of the country an affordable and simple option for homeowners who are looking for a straightforward and effective policy. Whether you need to fulfill a requirement or don’t want to think much about your policy, State Farm has everything under control.
Yet while the advantage of State Farm is that you don’t have to worry about too many options, you don’t get too many options. If you’re looking for policy customization, you’ll want too look at Nationwide. If you’re looking for discounts, you won’t find many beyond bundling here. A quick check will tell you everything you’ll get from them.
You can expect the following working with State Farm:
- Some of the best online services and platforms in the industry.
- The benefits of working with one of the largest insurance organizations in the country.
- A wide network of agents available to help you sign up easily, wherever you are in the state.
3) Nationwide: $997
Hardly more expensive than State Farm is Nationwide, which will provide you with far more customization options to choose from, making the cost worth it if you are looking for a policy that’s tailored to your home. And with the discounts offered and their commitment to getting you the best possible policy, you can be sure that Nationwide will be a reasonable choice for most homeowners.
What might not be reasonable, however, is some of their optional coverages, specifically their price. They will boost your rate considerably and might make you need to reconsider your plan. There are a few other small issues, but none of them compare to this glaring problem.
You can expect the following working with Nationwide:
- A free annual and optional review to help you determine if you’re getting the best coverage.
- An excellent plan for replacement or repair for stolen or damaged items.
- Plenty of helpful tools and guides if you have any questions about your policy.
Other Notable Washington Homeowners Insurance Providers
4) Liberty Mutual
A well-known insurance provider that have coverages of all types in every area, Liberty Mutual might just be a good pick for you if you want an all-around pick or the other main options in the region aren’t adequate fits for your home. They’re also good if you want to keep costs low, as they’ll often give you plenty of ways to save on your policy.
Yet Liberty Mutual, for all its ubiquity, isn’t the most stable company on this list. More alarmingly for most people, though, is the fact that they have issues with claims. Customers report either having good claims rejected or having a long processing time, which is not something you want to deal with during an emergency.
You can expect the following working with Liberty Mutual:
- Plenty of different customer support channels and options to work with.
- Many other insurance products are available if you would like to bundle.
- Partnerships with thousands of organizations all over the country.
An insurance company with a sizable presence in every state, Allstate is able to provide you with a solid plan for your home, but they’re also notable for some of their optional coverages and coverage levels, making them worth your attention if your home has special coverage needs. Additionally, they are an extremely stable company, and a good choice if you’re looking to bundle or have an older home.
Yet at times we couldn’t help but wish that they diverted some of the attention they put into their extra options and online service to their standard customer service, as not all their agents are on the same level. Customers note that some were pushy about upgrading, and others still were slow to respond to concerns.
You can expect the following working with Allstate:
- A large library of helpful tools and resources to help you better understand your policy. You can also expect excellent online and mobile apps to make claims and pay bills much easier.
- Plenty of different discounts to make your annual rate more affordable.
- Optional coverages including water backup, garden and landscaping, identity theft restoration, business property, scheduled personal property, and others.
With the growing population and market in Washington, it only stands to reason that you’ll want to spend more money on your home and lifestyle than your homeowners insurance policy. Fortunately, we’ve found that it’s entirely affordable in Washington and that you can get this necessary protection without worry. While sorting through options can take some time, we know that with a bit more research and some clear priorities you’ll be able to find a perfect match.