June 17, 2021

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The Best Washington Homeowners Insurance Companies | Reviews.com

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After evaluating a wide array of insurance providers, we have determined that Travelers, USAA, Pemco and Encompass are the best homeowners insurance companies in Washington because of their coverage offerings, discounts, and customer support.

To create this list, we found the largest Washington home insurance companies 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 for the best homeowners insurance Washington. For even more options, you can also check our national list of the best homeowners insurance.

The Four Best Homeowners Insurance Companies in Washington

Compare Washington’s Best Insurance Companies

Insurance Company Average Price  AM Best Financial Strength J.D. Power Overall Customer Satisfaction
Travelers  $572.50 A++ 796/1,000
USAA $660 A++ 878/1,000
Pemco $628 B++ N/A
Encompass $665 A+ N/A

Travelers

Travelers is a popular insurance company known for offering affordable home insurance premiums and good discounts.

Travelers

Most Affordable

Why we chose it

In addition to their affordable plans and range of discounts, Travelers is very user friendly and has a mobile app that customers can use to file a claim, manage their policy, make a payment, access virtual ID cards and more.

  • 4.25 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
  • A++ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
  • 796* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

Why we chose it

In addition to their affordable plans and range of discounts, Travelers is very user friendly and has a mobile app that customers can use to file a claim, manage their policy, make a payment, access virtual ID cards and more.

Pros

  • Affordable prices
  • Mobile app and online tools
  • Add-on coverages

Cons

  • Average customer service

Discounts available

  • Homebuyer discount
  • Loss-free discount
    • Protective device discount

Unique features

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.

*J.D. Power 2019 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale

Further Reading on Travelers:

USAA

USAA is recognized as one of the top insurance companies in the country for its excellent customer service and personalized coverage options.

USAA

Best for Military Families

Why we chose it

Their highly rated customer service combined with their impressive financial rankings makes USAA a clear candidate for one of the best homeowners insurance providers in Washington. Their only drawback is that they are not available to civilian families.

  • 4 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
  • A++ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
  • 878* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

Why we chose it

Their highly rated customer service combined with their impressive financial rankings makes USAA a clear candidate for one of the best homeowners insurance providers in Washington. Their only drawback is that they are not available to civilian families.

Pros

  • Extensive coverage options
  • Online tools and mobile app
  • Customer service

Cons

  • Only available to military members and families

Discounts available

  • Protective device credit
  • Claims-free discount
  • Consider your deductible

Unique features

USAA’s customer service experience extends to educational opportunities – their home learning center has a library of informational articles related to home insurance buying.

*J.D. Power 2019 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale

Further Reading on USAA:

Pemco

Pemco is local to the Pacific Northwest, with agents in Washington and Oregon. They offer a range of discounts and bundling policies.

Pemco Home Insurance

Best Local PNW Company

Why we chose it

Since they are a regional insurance provider based in the Pacific Northwest, Pemco offers local experience and expertise for homeowners in Washington. Their homeowners coverage meets basic needs, but may not be as extensive as other providers.

  • N/A Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
  • B++ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
  • N/A J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

Why we chose it

Since they are a regional insurance provider based in the Pacific Northwest, Pemco offers local experience and expertise for homeowners in Washington. Their homeowners coverage meets basic needs, but may not be as extensive as other providers.

Pros

  • Discounts
  • Online resources

Cons

  • Average coverage options

Available discounts

  • Educator discount
  • Protection device discount
  • Sprinkler discount

Unique features

Pemco has an online tips and resources center which includes articles on how to protect your home from common damages and how to choose a contractor for home repairs.

Encompass

Encompass offers homeowners insurance in three tiers—Elite, Deluxe and Special. This tiered system allows customers to choose a coverage policy that meets their needs and fits within their budget.

Encompass

Most Customizable

Why we chose it

In addition to their range of insurance plans, Encompass insurance allows customers to choose a variety of coverages for added protection. Their plans are easy to customize, but they may be on the expensive side.

  • N/A Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
  • A+ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
  • N/A J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

Why we chose it

In addition to their range of insurance plans, Encompass insurance allows customers to choose a variety of coverages for added protection. Their plans are easy to customize, but they may be on the expensive side.

Pros

  • Tiered coverage options
  • Add-on coverages

Cons

  • More expensive premiums
  • Few discounts

Available discounts

  • Claim-free discount
  • Dwelling age discount
  • Renovation discount

Unique features

Encompass offers added protections, including enhanced replacement cost coverage, water backup coverage, increased building costs, mortgage rate protection and more.

Average Cost of Homeowners Insurance in Washington

According to the National Association of Insurance Commissioners (NAIC), the average cost of Washington homeowners insurance is around $822 per year. This state average is considerably lower than the national average of $1,211 per year. However, this rate is likely to vary based on the age of the home and homeowners as well as the city in which they reside. 

Home Insurance Add-Ons That Will Further Protect You

Although the climate in Washington tends to be moderate, homeowners will want to prepare for some weather-related eventualities. Certain parts of the state are more prone to flooding, while others may be subject to forest and wildfire danger. 

In areas of the state that have heavy rains, homeowners may want to consider flood insurance. It’s relatively easy to purchase a flood insurance policy through the National Flood Insurance Program. Additionally, Washington homeowners in the central and eastern parts of the state have had to deal with increasing fire dangers in recent years. If you live in these areas, you may want to review your policy and check that your coverage includes adequate replacement coverage in case of fire. 

The Cheapest Homeowner Insurance Companies in Washington

Largest Companies by Market Share in Washington Average Annual Premium
Nationwide $359
Grange  $484
Travelers $572.50
Pemco  $628
Garrison Property and Casualty $655
USAA $660
Encompass $665
Oregon Mutual  $703
Metropolitan $893.33
State Farm $984
Farmers $1,006.66
Privilege Underwriters Reciprocal Exchange $1,056
First Liberty  $1,104
Chubb $1,147.25
Foremost  $2,072
Average annual premium across companies $865

Cost of Homeowners Insurance by Age of Home

Age of Home (years) Sample Annual Premium
5 years $862
20 years $1,118
35 years $1,114
50 years $1,102
Average annual premium across ages $1049

Top 3 Cheapest Homeowners Insurance Companies in Washington 

  • Nationwide – $359
  • Grange – $484
  • Travelers – $572.50

Top 3 Most Expensive Homeowners Insurance Companies in Washington

  • Foremost – $2,072
  • Chubb – $1,147.25
  • First Liberty – $1,104

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. 

Homeowners Insurance FAQ 

Is homeowners insurance required in Washington?

No, homeowners insurance is not legally required in Washington. However, if you take out a mortgage on your home, 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. Insurance companies consider several factors to determine how much you’ll pay for homeowners insurance, including your credit score, where the house is located, and whether you’ve had recent insurance claims. The best way to know which is the cheapest option for you is to get quotes from different companies and compare them.

Methodology

We evaluated the companies based on their customer rating and experience, financial stability, and coverage to determine the best companies. To compare home insurance companies across the board, we then calculated a Reviews.com score based on the following:

  • Customer Ratings– Customer ratings are an indication of satisfaction with the process of filing a claim. We measured this using JD Power Homeowners Satisfaction ratings.
  • Coverage– As there isn’t one company to fit everyone’s needs, we evaluated companies by the amount of coverage options available and add-ons available. 
  • Confidence– It is extremely important for insurance companies to fulfill customers’ claims. Companies with sound financial strength will not have issues paying out claims, regardless of the amount. However, companies with weak financial strength might not be able to pay out claims. We measured this using AM Best.
  • Customer Experience– The amount of complaints a company receives is an indicator of the overall customer experience as it expresses dissatisfaction. We have based this measure on the NAIC National Complaint Index.

About the Authors

Elizabeth Rivelli is an insurance writer for Reviews.com. Over the last year, she has covered insurance providers, best policies, industry trends and more. Elizabeth has been featured in The Simple Dollar, Bankrate and Coverage.com, among others. She holds a bachelor’s degree in Communication Studies from Northeastern University in Boston, MA. The Best Term Life Insurance Companies is Elizabeth’s favorite review on Reviews.com.

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