Our editorial team analyzed regional and national home insurance companies that sell policies in Seattle to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.
The average cost of home insurance in Seattle is $1,380 per year for a policy with $300,000 in dwelling coverage and a $500 deductible. Surrounded by the Puget Sound and Lake Washington, Seattle is naturally prone to flooding, which can cause major home damage. The Emerald City is also prone to earthquakes, so homeowners should consider extra coverage to protect against these events.
If you’re looking for the best home insurance in Seattle, here are the top companies to get you started.
Best home insurance companies in Seattle
You have numerous quality home insurance companies in Seattle to choose from. While certain insurers stand out, the best home insurance company for you depends on your situation, budget, and needs.
It’s crucial to compare home insurance quotes from multiple companies before buying a home insurance policy to ensure you pick one that suits you.1
Best company for flood insurance: Travelers
Best company for high-value homes: Chubb
Best company for affordability: Allstate
Cheapest home insurance companies in Seattle
Allstate is the cheapest home insurance company in Seattle, with an average annual rate of $862 for a policy with $300,000 in dwelling insurance. Take a look at the table below to see the other cheapest home insurance companies in Seattle.
How much is home insurance in Seattle?
The average cost of home insurance in Seattle is $1,380 per year for a $300,000 dwelling insurance policy with a $500 deductible. Various factors affect how much you’ll pay for your home insurance policy, including your home’s age, whether your home is in a flood zone, and your coverage limits, deductible, and credit history.
Cost of home insurance by dwelling coverage in Washington
Your dwelling coverage limit directly affects how much you pay for home insurance. The higher your coverage limits are, the more expensive your home insurance premiums will be. With higher coverage limits, your insurance company is on the hook for more damages, so it’ll increase your premiums to account for the additional financial risk.
Here’s how rates fluctuate in Washington based on dwelling coverage amounts.
Cost of homeowners insurance by deductible amount
Your home insurance deductible also affects your premium. Your deductible is the amount you’ll pay out of pocket before your home insurance coverage kicks in.
The cost of your premium is inversely correlated to your deductible amount. The higher your deductible, the lower your premium will be. The lower your deductible, the higher your premium will be, as your insurance company is on the hook for increased damages.
Average cost of home insurance in other cities in Washington
The average cost of home insurance varies from city to city and even by ZIP code, as every area comes with different risks. Some neighborhoods carry a greater risk for flooding, while others experience higher rates of break-ins. These are just a couple of reasons why your home insurance rate may differ from your neighbors.
The table below shows how annual premiums vary for different cities in Washington.
What to know about owning a home in Seattle
Owning a home in Seattle gives you a place to relax in one of the nation’s prettiest regions, but it comes with certain drawbacks and considerations:
Seattle home insurance FAQs
If you’re shopping for home insurance in Seattle, check out the additional information below as you research your coverage options.
The average annual cost of home insurance in Seattle is $1,380 for a $300,000 dwelling insurance policy and a $500 deductible and $1,318 for the same policy with a $1,000 deductible. If you live in an area prone to floods, your mortgage lender will most likely require you to buy flood insurance, which can increase your total home insurance costs.2
Allstate has the cheapest home insurance in Seattle, with an average annual premium of $862.
Whether you should buy earthquake insurance in Seattle depends on your risk tolerance. Earthquake damage can be quite expensive, but so can earthquake insurance. Talk with your insurance company or insurance agent about whether earthquake insurance makes sense for you and your home.
Yes. Most standard home insurance policies cover damage from riots. They also cover damages from civil commotion or vandalism. Ask your insurance company if your home insurance policy covers these damages.3
The 80/20 rule for home insurance isn’t a hard rule but an industry standard that suggests you should insure your home for at least 80% of its replacement cost. If you insure your home for less than 80% of its replacement cost, your home insurance company might not fully pay out your claim.4
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