Orlando Harmon
Homeowners insurance in University Place, Washington, can vary depending on several factors, including the value of the home, credit score, and chosen coverage options. University Place, WA, homeowners insurance typically ranges from $516 to $702 annually, or about $43 to $58 per month. Quotes from popular insurance companies for University Place residents vary from $310 to $1,230 for different coverage amounts and deductibles. It's worth noting that Washington state's average home insurance premium is $1,410 yearly, lower than the national average. When considering homeowners insurance, it's advisable to explore discounts, shop around for quotes, and be aware of the specific risks in your area.
| Characteristics | Values |
|---|---|
| Average annual home insurance premium in Washington | $1,410 |
| Average annual premium for Washington homeowners with poor credit scores | $1,632 |
| Average annual premium for Washington homeowners with excellent credit scores | $1,275 |
| University Place, WA homeowners insurance cost range | $516 to $702 |
| University Place, WA homeowners insurance cost range (monthly) | $43 to $58 |
| Cheapest quote for homeowners insurance in University Place, WA | $310 for $170,000 coverage with a $7600 deductible from Y I Manchik Insurance Agency LLC |
| Most expensive quote for homeowners insurance in University Place, WA | $1,230 for $460,000 coverage with a $2100 deductible from Amr Insurance LLC |
| Quote for homeowners insurance in University Place, WA for a 33-year-old female earning $25,000-$50,000 with a 550-599 credit score, 2 pets, and a smoker | $330 for $190,000 coverage with a $13,600 deductible from Carrie Kuhel |
| Quote for homeowners insurance in University Place, WA for a 60-year-old female earning $100,000-$150,000 with a 700-749 credit score, 1 pet, and a non-smoker | $430 for $280,000 coverage with a $14,900 deductible from Jeremy Olson |
| Quote for homeowners insurance in University Place, WA for a 51-year-old female earning $50,000-$75,000 with a 600-649 credit score, no pets, and a smoker | $640 for $300,000 coverage with a $1600 deductible from Andre Parker |
| Quote for homeowners insurance in University Place, WA for a 29-year-old female earning $100,000-$150,000 with a 600-649 credit score, 2 pets, and a non-smoker | $400 for $180,000 coverage with an $8800 deductible from Brown & Brown of Washington Inc |
| Quote for homeowners insurance in University Place, WA for a 68-year-old male earning $75,000-$100,000 with a 550-599 credit score, no pets, and a smoker | $1,200 for $520,000 coverage with a $4400 deductible from Darius Mccraney |
| Quote for homeowners insurance in University Place, WA for a 33-year-old female earning >$150,000 with a 550-599 credit score, more than 3 pets, and a smoker | $750 for $260,000 coverage with a $2600 deductible from Ozanich Insurance Brokers Ltd |
| Quote for homeowners insurance in University Place, WA | $700 for $480,000 coverage with a $7300 deductible from Freedom Insurance Services LLC |
| Affordable home insurance choice for Washington residents | Pemco |
| Most affordable home insurance quotes in Washington state | Mutual of Enumclaw |
| Recommended insurance for University Place, WA residents | Nationwide |
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What You'll Learn
Homeowners insurance costs in University Place, WA
The average cost of homeowners insurance in Washington state in 2024 was $1,410 annually, which is significantly lower than the national average of $2,423. However, the rates vary across providers, with a difference of up to $2,104 between the lowest and highest premium options in the state.
In University Place, WA, homeowners insurance quotes vary based on individual characteristics such as age, income, credit score, number of pets, and smoking status. For example, a 33-year-old female with an income of $25,000-$50,000, a credit score between 550-599, two pets, and a smoking habit received a quote of $330 for $190,000 coverage with a $13,600 deductible. On the other hand, a 60-year-old female with an income of $100,000-$150,000, a credit score between 700-749, one pet, and a non-smoking status was quoted $430 for $280,000 coverage with a $14,900 deductible.
The cost of homeowners insurance in University Place, WA, can also depend on the insurance provider. Quotes from different companies for varying levels of coverage demonstrate this variation. For instance, Brown & Brown of Washington Inc. provided a $400 quote for $180,000 coverage with an $8,800 deductible, while Ozanich Insurance Brokers Ltd. offered a $750 quote for $260,000 coverage with a $2,600 deductible.
When considering homeowners insurance in University Place, WA, it is advisable to explore discounts offered by different providers. For example, Pemco offers a range of discounts, including claims-free, home-plus auto, educator, protection device, and fire-resistive construction discounts. Additionally, Mutual of Enumclaw is known for providing affordable quotes, with rates 35% to 48% lower than the state average, making it an attractive option for those with cheap or moderately priced homes.
Overall, homeowners insurance costs in University Place, WA, can vary significantly, and it is recommended that individuals shop around and compare quotes from multiple providers to find the best rate and coverage for their needs.
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Discounts and deals
When shopping for homeowners insurance in University Place, WA, it is worth looking into the various discounts and deals offered by insurance companies.
Pemco
Pemco is a good option for those seeking home insurance in Washington. While it may not be the cheapest option, Pemco offers six different discounts for Washington homeowners, including:
- Claims-Free Discount: Available after three years of not filing a claim.
- Home Plus Auto Discount: Save by bundling your home and auto policies.
- Educator Discount: Available for teachers and non-teachers working in schools, community colleges, or universities. This discount can also be kept after retirement.
- Protection Device Discount: Available if you have an alarm, automatic shut-off, or monitoring system for fire, gas, theft, and water devices.
- Fire-Resistive Construction Discount: Available for condo owners living in buildings made from fire-resistant materials.
Allstate
Allstate offers the cheapest homeowners insurance quotes in Washington for high-value houses. For a policy with $500,000 of dwelling coverage, Allstate offers rates that are half the statewide average, saving you $945 per year. For $1 million in dwelling coverage, the rate is $1,748 per year, which is also half the statewide average. Allstate provides multiple discounts, including:
- Discounts for switching from another insurance company.
- Discounts for making on-time and full payments.
- Discounts for going several years without filing a claim.
- Home-auto bundling discount.
Mutual of Enumclaw
Mutual of Enumclaw is the best cheap home insurance company in Washington, offering rates that are 35% to 48% lower than the state average. It also has high customer satisfaction and significantly fewer complaints compared to other companies of its size.
Liberty Mutual
Liberty Mutual, one of the largest property insurance providers in the country, offers discounted rates for auto, home, and renters insurance. With this group discount, you are guaranteed competitive rates that will not change for 12 months.
State Farm
State Farm is another popular option for home insurance in University Place, WA. While specific discounts are not mentioned, State Farm allows you to combine the purchase of a condo, renters, or homeowners policy with an auto insurance policy, helping you save money.
Amica
Amica stands out for its customer service and broad range of coverage options. Amica has fewer consumer complaints than expected for a company of its size, and it offers a range of discounts and coverage options.
Chubb
Chubb is a good choice for those with high-value homes, as it offers extra coverage benefits tailored to these homes. However, Chubb has some of the most expensive rates among major insurance companies in Washington. Chubb offers a range of discounts and coverage options, and its policyholders may be able to take advantage of the HomeScan service, which uses infrared cameras to check for problems behind the walls of your home.
Country Financial
Country Financial provides multiple levels of homeowners coverage, allowing you to choose the package that suits you best. You can also add extra coverage for the structure of your home if inflation increases the cost of rebuilding. Country Financial offers various discounts and coverage options.
General Tips
- Shop around to find the best rate.
- Choose a higher deductible to lower your premiums, but ensure you can pay the deductible from your savings if needed.
- Bundle your home and auto insurance to get a lower overall rate.
- Ask your insurer about any home insurance discounts you may qualify for.
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Natural disaster coverage
Homeowners insurance in University Place, Washington, can vary depending on several factors, with quotes ranging from $310 to $1,230 for coverage between $170,000 and $520,000. The average cost of homeowners insurance in the area is approximately $516 to $702, or about $43 to $58 per month.
Now, onto natural disaster coverage. Homeowner's insurance typically does not cover floods and earthquakes. However, car insurance may cover damage to your vehicle during a natural disaster, even if it is parked in a garage or carport. It is important to understand what your policy does and does not cover before purchasing it.
In the state of Washington, insurance companies in areas prone to earthquakes can set a minimum deductible. For example, a 10% deductible on a home with $300,000 in dwelling coverage would result in a $30,000 deductible for an earthquake-related claim. Additionally, some insurance companies offer extended or guaranteed replacement cost coverage, which can provide extra funds if the dwelling coverage amount in your policy is inadequate due to increased labour and material costs after a disaster.
It is worth noting that insurance companies are increasingly excluding natural disaster protections due to climate risk. For example, some companies no longer provide coverage for properties within a certain distance from the coastline due to the risk of hurricanes. As a result, it may be challenging to find coverage for your home if you live in an area vulnerable to natural disasters.
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How insurance rates are calculated
Home insurance rates are highly individualized and depend on a variety of factors. The rates are calculated based on the likelihood of an insurer filing a claim. The higher the likelihood, the higher the insurance rate. Here are some factors that contribute to the calculation of insurance rates:
Location
The location of the home is an important factor in determining insurance rates. Insurers use the ZIP code to determine the town's natural disaster history and the home's proximity to emergency services, such as fire and police stations. The cost of rebuilding a home also varies by location, as the cost of labor and supplies differs across regions.
Credit History
In most states, an insurer can use an individual's credit history when setting their insurance rate. A higher credit score generally corresponds to a lower insurance rate.
Dwelling Coverage Limit
The dwelling coverage limit is the cost of completely rebuilding the home. This is one of the most critical aspects of the insurance policy, as the coverage for other structures and personal belongings is typically set as a percentage of the dwelling limit.
Deductible
The deductible is the amount of damage the policyholder agrees to cover out of pocket in the event of a claim. A higher deductible generally leads to a lower insurance rate.
Claims History
An individual's claims history can impact their insurance rate. If an insurer has had to pay a large number of claims for significant disasters, they may raise insurance rates.
Additional Factors
Other factors that can influence insurance rates include the age and construction year of the home, the policyholder's age and income, the presence of pets, and smoking status.
Home insurance rates in University Place, WA, vary depending on the specific circumstances of each homeowner. Quotes for homeowners insurance in University Place, WA, range from $310 to $1,230 for coverage ranging from $170,000 to $460,000. The average monthly cost of homeowners insurance in University Place, WA, is approximately $43 to $58 per month, or $516 to $702 annually.
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Quotes from insurance providers
Homeowners insurance in University Place, Washington, can vary depending on several factors, including the insurance provider, the amount of coverage, and individual circumstances.
The average cost of homeowners insurance in Washington state is $1,410 per year, which is lower than the national average. However, the range between the lowest and highest premium options in the state is $2,104, indicating that rates can vary significantly between providers.
- Y I Manchik Insurance Agency LLC, located 11.8 miles from University Place, offers a $310 quote for $170,000 coverage with a $7,600 deductible.
- Ozanich Insurance Brokers Ltd, located 2 miles from University Place, provides a $750 quote for $260,000 coverage with a $2,600 deductible.
- Freedom Insurance Services LLC, 3.8 miles from University Place, offers a $700 quote for $480,000 coverage with a $7,300 deductible.
- Brown & Brown of Washington Inc, 5.6 miles away, provides a $400 quote for $180,000 coverage with an $8,800 deductible.
- Amr Insurance LLC, 4.3 miles away, offers a $1,230 quote for $460,000 coverage with a $2,100 deductible.
- Hentschell & Associates Inc, 5.8 miles from University Place, provides a $450 quote for $195,000 coverage with a $2,000 deductible.
- Andre Parker, located 18.7 miles away, offers a $640 quote for $300,000 coverage with a $1,600 deductible.
It is worth noting that these quotes may not be current and are likely to be influenced by individual circumstances, such as credit score, income, number of pets, and smoking status.
Additionally, some insurance providers, like State Farm, Pemco, and Nationwide, offer various discounts and coverage options that can impact the final cost of homeowners insurance. It is recommended to get multiple quotes and explore different providers to find the best rate and coverage for your needs.
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Frequently asked questions
The average cost of homeowners insurance in Washington is $1,410 yearly, which is $1,013 less than the national average.
Homeowners insurance in University Place, WA, ranges from $516 to $702, which is about $43-$58/month.
Some insurance providers for homeowners insurance in University Place, WA, include State Farm, Nationwide, and Pemco.
The cost of homeowners insurance can depend on factors such as credit score, type of roof, and the insurance provider. Additionally, the amount of coverage you require will impact the premium cost.
