Allstate is the cheapest home insurance company in Washington, with rates as low as $586 per year — $1,200 cheaper than the national average of $1,724 annually. Another plus? This insurer made our list of the best home insurance companies in Washington.
Cheapest homeowners insurance companies in Washington
Based on our analysis of home insurance quotes in every Washington ZIP code, we found that Allstate, Mutual of Enumclaw, and PEMCO have the cheapest average home insurance rates in Washington, with average premiums of $586, $677, and $733, respectively. You can see even more affordable home insurance options for Washington residents in 2024 in the table below.
Company | Average annual cost |
|---|---|
$586 | |
Mutual of Enumclaw Insurance | $677 |
PEMCO Insurance | $733 |
$836 | |
California Casualty | $845 |
$1,023 | |
$1,084 | |
$1,085 | |
$1,197 | |
$1,278 | |
$1,291 | |
$1,455 | |
$1,837 | |
Oregon Mutual | $2,249 |
$2,435 |
Methodology & why you can trust our rates
Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:
Dwelling: $300,000
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
Liability: $300,000
Medical: $1,000
All rates based on the above coverage limits except where otherwise noted.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
Learn more >> Our complete guide to home insurance in Washington
Cheapest home insurance rates with a history of claims
Having a history of claims is one of the most likely reasons why your rates would be expensive. With multiple claims on your record, insurers will consider you more likely to file future claims than a homeowner with a spotless claims history.
With an average annual premium of $1,097, Mutual of Enumclaw offers the cheapest home insurance rates in Washington for a homeowner that's filed three claims within a five-year period, while Oregon Mutual is the most expensive.
Company | Average annual cost |
|---|---|
Mutual of Enumclaw Insurance | $1,097 |
PEMCO Insurance | $1,126 |
Grange Insurance | $1,142 |
Allstate | $1,294 |
USAA | $1,436 |
California Casualty | $1,456 |
State Farm | $1,486 |
Auto-Owners Insurance | $1,632 |
Foremost | $1,657 |
Nationwide | $2,088 |
Pure Insurance | $2,108 |
Chubb | $2,249 |
Farmers | $3,005 |
Country Financial | $3,066 |
Oregon Mutual | $5,120 |
Cheapest home insurance rates if you have poor credit
In 2022, Washington's ban on using credit scores when setting insurance premiums was overturned. That means that insurance companies can again consider credit to set premiums.
If you have poor credit, your home insurance rates will likely be more expensive than someone with better credit. This is because homeowners with poor credit are more likely to have outstanding debt and are viewed as more likely to file a claim and depend on an insurance payout in the event that something bad happens.
Cheapest home insurance rates if you have an older home
Older homes can be costly to insure, as they're more prone to structural damage than a newer build, and they're often constructed with materials and features that are more expensive to replace.
With an average annual premium of $611, Allstate offers the cheapest home insurance rates for a home over 100 years old, while Oregon Mutual is the most expensive.
Company | Average annual cost |
|---|---|
Allstate | $611 |
Mutual of Enumclaw Insurance | $710 |
PEMCO Insurance | $734 |
California Casualty | $851 |
Auto-Owners Insurance | $1,026 |
Chubb | $1,078 |
Nationwide | $1,094 |
Grange Insurance | $1,142 |
Foremost | $1,278 |
USAA | $1,314 |
Farmers | $1,354 |
State Farm | $1,412 |
Pure Insurance | $1,455 |
Country Financial | $1,943 |
Oregon Mutual | $2,309 |
Common home insurance discounts in Washington
Many insurance companies offer discounts for bundling home and auto insurance, paying your premium up front, not filing claims, and more. These are just some of the discounts that can add up to big savings on your policy:
Bundling discount
Claims-free discount
Affiliation discount
Protective devices discount
New construction discount
Learn more >> 13 homeowners insurance discounts
How to lower the cost of home insurance in Washington
You can save on the cost of home insurance in Washington by taking advantage of available discounts and maintaining a good credit score. Other ways to lower your homeowners insurance rates are shopping around for home insurance in Washington and opting for a higher deductible. Just keep in mind a higher deductible means you’ll have to pay more money out of pocket when you file a claim.
Why are home insurance rates in Washington going up?
Home insurance premiums in Washington state increased 21% from May 2022 to May 2023, according to our latest analysis of internal policyholder data. This is likely due to a mix of sustained inflation, labor shortages, rising construction costs, and severe wildfires that have plagued the state in recent years. You can find all of the details in our 2023 Policygenius Home Insurance Pricing Report.
