- Best condo insurance companies in Washington
- Average condo insurance cost in Washington
- Condo insurance rates in Washington by company and coverage level
- Condo insurance rates by company in Washington
- Compare condo insurance rates by city in Washington
- Methodology
- FAQ
- Compare Washington condo insurance rates with other states
Best condo insurance companies in Washington
Based on our analysis, Nationwide is the best condo insurance company in Washington among many options. Our insurance experts evaluated pricing and ratings from trusted sources, including the National Association of Insurance Commissioners (NAIC) and AM Best.
Here are the best condo insurance companies in Washington, based on our research.
| Company | Annual annual premium | AM Best | NAIC | Insurance.com rating |
|---|---|---|---|---|
| Nationwide | $374 | A | 1.34 | |
| State Farm | $579 | A+ | 1.15 | |
| Allstate | $777 | A+ | 1.26 | |
| Farmers | $719 | A | 0.89 | |
| PEMCO | $905 | B++ | 0.27 | |
| USAA | $662 | A++ | 0.46 |
Average condo insurance cost in Washington
The average cost of condo insurance in Washington is $672 per year or $56 per month for $60,000 in personal property coverage, $300,000 in liability coverage and a $1,000 deductible. Your actual annual premium will vary depending on:
- Where you live
- Coverage limits and deductible
- Age of the building and construction materials
- Your claims history and credit score
To find the cheapest company for you, compare quotes from multiple insurance providers and choose the coverage that fits your needs.
| Average annual premium | $672 |
| Average monthly premium | $56 |
Condo insurance rates in Washington by company and coverage level
Nationwide offers the lowest condo insurance rates in Washington for coverage limits of $60,000 for personal property and $300,000 for liability with a $1,000 deductible.
The second most affordable option is State Farm, with an annual rate of $579. However, your rates will vary based on the coverage level you select.
The table below presents condo insurance rates from top companies at various coverage levels.
| Company | $40,000 contents/$100,000 liability | $40,000 contents/$300,000 liability | $60,000 contents/$100,000 liability | $60,000 contents/$300,000 liability | $80,000 contents/$100,000 liability | $80,000 contents/$300,000 liability | $100,000 contents/$100,000 liability | $100,000 contents/$300,000 liability |
|---|---|---|---|---|---|---|---|---|
| Nationwide | $311 | $319 | $363 | $374 | $415 | $428 | $469 | $485 |
| State Farm | $466 | $481 | $565 | $579 | $658 | $673 | $760 | $775 |
| American Family | $572 | $582 | $670 | $680 | $768 | $778 | $872 | $883 |
| Allstate | $641 | $663 | $755 | $777 | $851 | $874 | $931 | $954 |
| Farmers | $684 | $702 | $844 | $861 | $1,008 | $1,025 | $1,180 | $1,197 |
| PEMCO | $680 | $691 | $894 | $905 | $1,066 | $1,077 | $1,237 | $1,248 |
| USAA | $619 | $619 | $662 | $662 | $705 | $705 | $747 | $747 |
Condo insurance rates by company in Washington
The most affordable company is Nationwide, with State Farm and American Family ranking as the second and third cheapest. Since condo insurance rates in Washington vary by company, it is important to compare quotes to find the best deal.
The table below lists the condo insurance rates from major companies in Washington.
| Company | Average annual premium | Average monthly premium |
|---|---|---|
| Nationwide | $374 | $31 |
| State Farm | $579 | $48 |
| American Family | $680 | $57 |
| Allstate | $777 | $65 |
| Farmers | $861 | $72 |
| PEMCO | $905 | $75 |
| USAA | $662 | $55 |
Compare condo insurance rates by city in Washington
Condo insurance rates in Washington vary by city, with factors such as weather and crime rates influencing pricing. To find the most affordable and reliable condo insurance in your city, take these factors into account and compare quotes from multiple insurance companies.
City Annual insurance premium
Methodology
Insurance.com compared condo insurance rates provided by Quadrant Information Services across all 50 states and Washington, D.C.
Average condo insurance rates are based on:
- $60,000 in personal property coverage
- $300,000 in liability coverage
- $1,000 deductible
- Good credit
Rates were also fielded at varying personal property and liability coverage levels for comparison.
FAQ
Is condo insurance required in Washington?
No, condo insurance is not require by law in Washington, but your mortgage company will require it.
What does condo insurance typically cover in Washington?
Condo insurance covers your personal property, the interior of your unit, loss of use and personal liability.
How can I lower my condo insurance premium in Washington?
To lower your rates, shop around, ask about discounts and bundle your condo and auto insurance.