How much is renters insurance in Washington?

The average cost of renters insurance in Washington is $205 a year, and the average monthly cost is $17. That's for a policy with personal property coverage of $40,000, liability coverage of $100,000, and a deductible of $1,000.

What you pay for renters insurance may differ from your neighbours because it depends on factors specific to each person: the property you want to insure, extra coverage options you add, and the deductible amount you choose.

"The number one thing that's most important is to get good liability. A renter's policy will default to $100,000 liability," Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. "It costs next to nothing to go from $100,000 to $500,000. I want to say it's probably 10 bucks a year. It's really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that's, at its core, what insurance is all about: the worst-case scenario."

Average annual premium	$205
Average monthly premium	$17

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Best renters insurance companies in Washington

PEMCO, Nationwide and State Farm are our best renters insurance companies in Washington.

Rates differ widely between renters insurance providers, so it pays to shop around. But rates aren’t the entire picture. It’s also important to choose an insurance company with a good reputation so you know it will be there for you when you need it.

To help you choose the best renters insurance in Washington, we reviewed rates and third-party ratings including complaint volume with the National Association of Insurance Commissioners (NAIC) and financial ratings from AM Best.

Among the carriers surveyed, PEMCO is the best renters insurance company in Washington, with a top score and an average renters insurance rate of $143.

Below is our list of best renters insurance companies in Washington based on that analysis, with our score out of five.

Company	Average annual premium	AM Best	NAIC	Insurance.com rating
PEMCO	$143	B++	0.2	5
Nationwide	$135	A+	0.87	4.14
State Farm	$156	A++	0.95	3.86
American Family	$261	A	0.37	3.63
Allstate	$193	A+	0.9	3.48
Farmers	$259	A	0.54	3.34

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Cheapest renters insurance in Washington

Nationwide is the cheapest renters insurance company in Washington based on our rate analysis with an average annual premium of $135.

Renters insurance prices can vary drastically between companies. That's why it is important to compare rates and see which company offers the best deal to get coverage at an affordable price.

Below are the cheapest renters insurance companies in Washington and their average annual premiums.

Company name	Average annual premium
Nationwide	$135
PEMCO	$143
State Farm	$156
Allstate	$193
Farmers	$259
American Family	$261
USAA	$197

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Washington renters insurance: The least and most expensive ZIP codes

Where you live in Washington affects how much you pay for renters insurance. The most expensive ZIP code in Washington for renters insurance is 98168, where the average annual rate is $229 which is $24 more than the state average insurance premium.

On the other end of the spectrum, the least expensive ZIP code for renters insurance is 99341, with an average annual rate of $186.

The following table lists the least and most expensive ZIP codes in Washington for renters insurance.

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Most expensive ZIP code
Least expensive ZIP code

ZIP code	Average annual rate
98168	$229
98939	$228
98158	$226
98155	$225
98126	$224
98112	$223
98446	$221
98115	$219
98942	$216
98941	$211

ZIP code	Average annual rate
99341	$186
99403	$188
98581	$200
98283	$209
98941	$211
98940	$213
98239	$216
98011	$220
98416	$222
98116	$224

Compare renters insurance rates by city in Washington

Renters insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on renters insurance for your specific city in Washington.

City	Annual insurance premium
Bellevue	$238
Everett	$227
Federal Way	$245
Kent	$245
Renton	$245
Seattle	$242
Spokane	$213
Spokane Valley	$215
Tacoma	$241
Vancouver	$225

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How to get cheap renters insurance in Washington

There are a few things you can do to get cheaper renters insurance in Washington:

Shop around. Not every Washington renters insurance company offers the same rates or discounts. Shop around for the best price.
Ask about discounts. There are a lot of discounts available on renters insurance; one of the biggest is bundling your home and auto insurance, so ask for an auto quote at the same time.
Chose a higher deductible. Your deductible affects your premiums; higher deductibles mean lower rates. Just ensure you can afford the deductible if you have to pay it.

Methodology

Insurance.com compared renters insurance rates provided by Quadrant Information Services for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. To rank the best insurance companies, we gathered AM Best financial stability ratings, where an A++ is the best possible score, and National Association of Insurance Commissioners (NAIC) complaint ratios, which compare the number of complaints a company receives to the anticipated complaint volume based on market share. These factors were used along with rates to find the best companies overall.

Washington renters insurance: FAQ

Do I need renters insurance in Washington?

Renters insurance isn’t required by law, but your landlord may require you to purchase a policy as part of your lease agreement.

How much renters insurance do I need in Washington?

You don’t need any renters insurance by law, but when buying a policy you should ensure you have enough personal property coverage to cover all of your personal property at replacement cost.