Spokane Tacoma Vancouver Bellevue Everett Renton Yakima Lacey Monroe Want to find a local agent in your neighborhood? The best cheap renters insurance companies offer both. For example the average monthly cost of rent in the Belltown neighborhood is $2,528 while the average monthly cost of rent in the Georgetown neighborhood is $1,375. People renting an apartment in Seattle may want to consider purchasing a renters insurance policy. 2 spot for best renters insurance companies for 2019. Chat now to ask Flo anything or explore commonly asked questions. To find the cheapest rates for renters insurance, compare renters insurance quotes with multiple companies. Good rates for varying degrees of personal property limits for renters insurance. 1 Cheapest Renters Insurance Companies of 2023, but it's also No. We'd love to hear from you, please enter your comments. Offers premier coverage that includes add-on coverage for spilled paint damage, damage to appliances from a power surge and damage to antiques. Its excellent rates make State Farm worth looking at for cheap renters insurance. In Washington, renters pay an average of $118 per year or $10 per month for a policy with $20,000 in personal property limits, $100,000 in liability coverage and a deductible of $500. MORE: How poor credit could raise your renters insurance rates. You can contact the Washington Department of Insurance using the information below: The department is open Monday to Friday from 8 a.m. to 5 p.m. .css-9seimi{position:static;-webkit-text-decoration:none;text-decoration:none;color:var(--chakra-colors-mg-navy);}.css-9seimi::before{content:'';cursor:inherit;display:block;position:absolute;top:0px;left:0px;z-index:1;width:100%;height:100%;}Car Insurance Guide for the Savvy Consumer. Your landlord is the one responsible for insuring the structure. If youre willing to pay more out of your own pocket for a property claim, youll generally save money on your premium. What Is a Car Insurance Deductible and How Does It Work? When evaluating offers, please review the financial institutions Terms and Conditions. Theft and vandalism or malicious mischief are among the 16 perils a standard renters insurance policy protects you from. National General Insurance Company (Integon), American Commerce Insurance Company (MAPFRE), Renters insurance for Washington college students. Medical payments renters insurance may cover others' medical expenses resulting from an accident on your property. . Accessibility Seattle is a city in the Pacific Northwest known for its rainy climate and coffee. You might be using an unsupported or outdated browser. Subject to underwriting guidelines, review and approval. Since renters insurance primarily covers your possessions, they don't provide protection for damages to your building's structure. For California residents, click here to view the full version of the California Consumer Privacy Notice. 4. Rates are based on a 30-year-old female with good credit. While most renters opt for cheaper insurance policies, paying a bit more can be more cost-saving in the long run. The best renters insurance company in Washington is Allstate, with a MoneyGeek score of 97 out of 100. Coverage by the #1 provider of home insurance since 1964. Policyholders also receive seven discount opportunities, which is higher than the national average of five. Depending on which insurance company you choose, you might save money by setting up autopay for your premiums, receiving your bills electronically or being a nonsmoker or retiree. Read our. Why you can trust NerdWallet: Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. For instance, did you recently build a garage or gazebo you need covered? Policyholders can obtain loss assessment coverage that will pay costs charged by a homeowners association from damage to shared spaces like pools and community rooms. Below, see which widely available insurance companies offer the lowest average rates for renters with poor credit. You can save with a protective devices discount if your rental has fire alarms, smoke detectors, burglar alarms or other eligible devices. This coverage provides payment for additional living expenses when your home is uninhabitable because of a covered loss. In most states, insurers use credit-based insurance scores, which are similar but not identical to traditional credit scores, to help set renters insurance rates. Her work has appeared in numerous outlets, including The Associated Press, MarketWatch and The Washington Post. Our pricing data includes rates from every ZIP code in the country where coverage is offered and data is available. Start shopping for renters insurance by reviewing the cheapest Washington, D.C. renters insurance carriers, detailed below. Washington State Car Insurance Quotes | GEICO Insurance for rental cars do you really need it? Thats usually only the case for students who live on campus, though. *USAA renters policies are available only to active military, veterans and their families. These exclude Alaska, Florida, Hawaii, Louisiana, Massachusetts, New Jersey and New Mexico. Liability is for your protection. Farmers quoted the highest price we received, selling policies for $22.75 in Seattle. 1 The Best and Cheapest Renters Insurance in Washington 1.1 When Would A College Student Need Renters Insurance? The cheapest insurer in this analysis might not be the cheapest for you. Allstate is also the overall best insurer for renters in Washington. Learn More About Required Auto Insurance in Washington. Injuries and property damage you or a family member accidentally cause to others, The extra cost of living if youre displaced from your apartment for a reason listed in your policy. Best & Cheapest Renters Insurance Companies in Washington (2023) Washington State Renters Insurance | Progressive The policy will usually have a list of covered losses or perils, so make sure to look this over closely. Using our personal property calculator, you can customize your renters insurance policy to fit your needs. Insurance doesn't have to be complicated. For example, raising your deductible from $500 to $1,000 can save you an average of nearly 9%, according to our analysis. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. The average costs used in this study are for a policy with a personal property coverage limit of $20,000, $100,000 in liability coverage and a deductible of $500. Allstate has the cheapest renters insurance in Washington, with an average monthly premium of $7. Additionally, although a renters policy covers certain types of water damage, they don't usually cover damages from external flooding. Cheap rates for varying personal property limit levels of renters insurance. The higher your deductible, the less you pay for your policy. Travelers provides a refrigerated property coverage, which includes personal property stored in freezers or refrigerators on the renter property. Pros & Cons. When evaluating offers, please review the financial institutions Terms and Conditions. Details vary by state and policy language. College students will most likely have roommates in the apartment they rent. The two cheapest companies in the state based on average premiums are Allstate and Farmers. Travelers offers renters insurance in Washington, D.C. and 49 U.S. states, excluding Alaska. Renters insurance in Washington | Insurism The rates displayed should only be used for comparative purposes as individual rates in Washington will differ. Their neighbors down south in Vancouver lucked out and are getting the cheapest renters insurance in the state. But it has a . Thats solid coverage for less than the cost of a few cups of coffee a week. Mark earned a masters degree in Economics and International Relations from Johns Hopkins University and a bachelors degree from Boston College. Price is an important consideration for most Washington renters. Make sure you compare policy quotes before choosing one. Thats us. American Family offers reasonable renters insurance rates for a variety of personal property limits. Bundle your policies. Your own rates will be different. All Rights Reserved. The FBI published the following statistics on crime in Washington for 2016: When compared to the national average rate per 100,000 inhabitants, all three crime statistics in Washington rank above the national average. Allstate is also the overall best insurer for renters in Washington. Like location, the size of the apartment also affects the cost of rent per month for an apartment in Seattle. The Best Cheap Homeowners Insurance of 2021: Guide, How to bundle home and auto insurance policies to save money, The largest home insurance companies by market share, Guide to dog liability insurance: cost and coverage, Do you have an emergency go-bag? Here are the top 5 ways to save on your renters insurance: If you bundle your auto policy with a homeowners or renters insurance policy with the same insurance provider, you will usually receive a multi-policy discount (this might also be available for bundling with other insurance products, such as a life insurance policy or boat insurance policy). Prior to joining NerdWallet, she spent more than 15 years in digital media as a writer, editor and spokesperson. Discounts not available in all states and situations. State Farm. Nationwide, the Nationwide N and Eagle and other marks displayed on this page are service marks of Nationwide Mutual Insurance Company, unless otherwise disclosed. Renters insurance includes coverage for your personal belongings, additional living expenses (if youre unable to live in your rental due to a covered problem like a fire) and liability coverage to cover your legal defense and settlements if you are sued for accidentally causing injury or damaging someone elses property. Review our responsive home insurance claim policy. While the average cost of monthly rent in Seattle is $1,965, the cost may vary based on location in the city. The company also offers five discount opportunities, which is equal to the average insurance provider. Homeowners, on the other hand, enjoy the most savings when they bundle with auto insurance. The cost of renters insurance varies considerably across the United States, depending on your location. We used the same assumptions for all other renter profiles, with the following exceptions: We changed the credit tier from good to poor as reported to the insurer to see rates for renters with poor credit. See the best renters insurance companies and rates in Seattle. Learn more about insurance for your belongings while moving or in storage. First, renters insurance provides financial protection in case youve been a victim of theft. 8 Best Renters Insurance Companies in Washington of 2023 PGR and all partner carriers were included e.g., Ameriprise, American Modern, ASI, Homesite, Plymouth Rock, and Nationwide. Do Not Sell or Share My Personal Information. If you can hold out for two years, 24-month CDs today are being offered at interest rates as high as 5.15% APY. The good news is a renters insurance policy from GEICO can cost as little as $12 per month! Starting from $5/month. On average, Washington renters insurance costs about $129 per year. An average consumer can get an Allstate policy for $82 a year, while a similar policy from Farmers will cost $94 per year on average. Based on average sold app premium. Choosing an insurer with a larger market share may affect the customer service that you receive. Before you purchase a policy from one of these best renters insurance companies in Washington, its important to understand what your policy covers. Plus, if your apartment becomes uninhabitable from an incident, some policies may cover your expenses as you find temporary housing. Choose . Our good and poor credit rates are based on credit score approximations and do not account for proprietary scoring criteria used by insurance providers. No hidden costs. Find motorcycle coverages and discounts for your state. Find answers to your insurance questions, insights into current trends, and tools for navigating life in our resource center. Check out the four standard coverages on nearly all Washington renters insurance policies: For tenants renting apartments, condos, or homes, the best renters insurance in Washington is always a policy with customized coverage limits. Privacy Disclaimer: NerdWallet strives to keep its information accurate and up to date. If you're looking for the most affordable rate, get an online quote for a renters policy from at least three companies before making a decision. Based on Insure.coms study, we have put together a list of the most affordable zip codes for renters insurance for Washington renters. Your financial situation is unique and the products and services we review may not be right for your circumstances. With its Wespak option, you can bundle your renters and auto insurance under one policy and have one bill and one deductible. Products underwritten by Nationwide Mutual Insurance Company and Affiliated Companies. The General Car Insurance Review 2023 - Business Insider Cheapest Car Insurance In Washington State 2023 - Forbes Something went wrong. Just make sure youll have access to enough cash to cover the deductible you choose. insurance for your belongings while moving or in storage, Do Not Sell or Share My Personal Information (CA Residents Only). Progressive Home policies are placed through Progressive Advantage Agency, Inc. (PAA) with affiliated and third-party insurers who are solely responsible for claims, and pay PAA commission for policies sold. Type of insurance Renters Insurance renter. Terms and conditions Lo sentimos! For example, did you know that many renters insurance policies include liability protection in the event a non-resident is injured on the property. Tips to choosing the cheapest renters insurance in Seattle. Get a quote. Our analysis finds doubling coverage from $15,000 to $30,000 only costs an additional $35 a year on average. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. How much does renters insurance cost in Washington? Best Bundle Discounts Cheapest Bundle Cheapest Non-Bundle Should You Bundle? 8 Best Renters Insurance Companies in Washington DC of 2023 Depending on which insurance company you choose, you might save money by setting up autopay for your premiums, receiving your bills electronically or being a nonsmoker or retiree. The required coverage and limits in Washington State are: Bodily injury liability coverage: $25,000 per person and $50,000 per accident. Aside from theft, a renters policy will cover damages from events such as fires and water damages. Country Financials discounts include price breaks for new and loyal customers, those who are claims-free for five years and those who pay their bill on time for three years. Washington renters can save on costs by comparing renters insurance quotes across different providers. How much does renters insurance cost in Washington? Some agents work for a specific company and can only give quotes from that insurance company. This information may be different than what you see when you visit a financial institution, service provider or specific products site. No matter where you rent in Washington, you want to protect your personal belongings the best way possible. The exception is USAAs renters insurance policy which includes flood and earthquake insurance. Some companies may offer renters insurance in Washington for a cheaper rate than other companies do. Penny Gusner is an insurance analyst for Forbes Advisor. For nearly two decades, she has been helping consumers learn how insurance laws, data, trends and coverages affect them. From Spokane to Bellevue to downtown Seattle, Nationwide offers reliable coverage at the right price. The best renters insurance rankings were determined using data from J.D. Life is good and affordable in Oklahoma, the Sooner State. It is important to note that costs vary across insurers based on the personal property coverage amount. The insurer received a MoneyGeek score of 97 out of 100. Do Washington college students need renters insurance? In many states, the most affordable renters insurance rates come from small regional carriers rather than the bigger companies listed above. Renters may supplement their policies with three additional coverage options, which is lower than the national average of seven. Ensure you're getting the best rate. We may collect personal information from you such as identifying information (name, address, driver's license number), transactional information (products or services purchased and payment history), digital network activity (interactions with our website, IP address), geo-location data, audio recordings and other forms of personal information. These are America's 10 cheapest states to live in - CNBC 3.5/5. Want to insure your cat or dog? Review quotes from a top insurance company. It has a number of unique and iconic landmarks like Pike Place and the Space Needle, not to mention its the headquarters for Amazon. USAA renters insurance rates are relatively cheap. Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. Your IP: You can see how different personal property limits affect the cost of your renters insurance using the calculator below. Find renters coverages and discounts for your state. Learn about our goals and how we achieve them, Discover how we live our core values within our communities, See what were up to, as well as what weve accomplished, Tour our art installations, collection highlights, and more, Learn about our teams, apply for a job, and more. State Farms rental insurance rates for a $15,000 personal property policy arent the cheapest of the companies evaluated (but are still decent). He is passionate about using his economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves. Your personal property is covered2 for accidents in your home or apartment, and your things are also covered in a storage closet, your deck, or even your car. An independent agent can gather quotes from multiple companies. Most Americans dont, Most and least expensive trucks to insure, How to find out if someone has life insurance, Best health insurance for college students. Which company will have the cheapest renters insurance rates for you will depend on your location, how much coverage you buy, the deductible amount you select and the insurance company you choose. 75.119.200.141 A Nationwide On Your Side Review is a free, annual consultation and insurance assessment that can help you: Find homeowners coverages and discounts for your state. The best renters may not necessarily provide the cheapest renters insurance coverage, but they balance affordability with quality customer service. USAA consistently has some of the most affordable rates of the companies we evaluated, so if youre eligible, its a good company to check out. Nationwide is available in 44 states of the United States. Renters use the online system to obtain quotes and manage their accounts. This document contains only a general description of coverages and is not a statement of contract. All ratings are determined solely by our editorial team. Personal liability insurance: What it is and why you need it, Hurricanes and home insurance: 14 key questions answered, Replacement cost policies for your home: Getting what you pay for. By comparing quotes from multiple insurers, you can find the best renters insurance for your situation at the most affordable price. Lemonade renters insurance protects your stuff from the unexpected. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable. This may also be called additional living expense coverage or temporary living expenses coverage. Rate data is provided by Quadrant Information Services. Those who live in or near a major city can see the cheapest company for renters insurance in their area in the table below. Get a Renters Insurance Quote Online & Buy Today | State Farm Personal liability renters insurance pays for someone elses property damage or injuries that you or a family member accidentally caused. Nationwide is the second cheapest renters insurance provider among the carriers surveyed. , which costs more than $1,800 a year on average. Left your laptop in the backseat? According to the FBI, there are 3,920 incidents of property crime per 100,000 residents in the city, which is 107% higher compared to the national average. All financial products, shopping products and services are presented without warranty. Calculate how much you can afford. One of the easiest ways to save money on car insurance is by purchasing both your auto and renters policies from the same company. The scoring formula incorporates discounts, coverage options, website transparency, financial strength, complaint data and more. Compare Renters Insurance Quotes July 2023 - Forbes Advisor The Best and Cheapest Renters Insurance Companies of 2023 Determine the home insurance coverage options that are right for your budget and situation. Renters insurance typically includes three types of coverage: Personal property, liability and additional living expenses. Those with poor credit tend to pay more for renters insurance often significantly more. Protecting your rented home or apartment in Washington is easy with Nationwide. The cheapest car insurance in Washington is Pemco, with an average monthly rate of $63 for full coverage. Follow this step-by-step checklist to inventory your personal property: Consider adding photos to your inventory it could help if you have a claim. Not available in all states. Allstate offered the cheapest renters insurance in Seattle and Tacoma. Our ratings are calculated based on fees, rates, rewards and other category-specific attributes. State Farms unique incidental business liability coverage can protect small businesses from the cost of liability damage and judgments resulting from professional negligence and error. Cheapest Renters Insurance | 2023 Insurance Guide | U.S. News The Best Cheap Renters Insurance In Washington, Best Personal Loans for Debt Consolidation, Best Personal Loans with Low-Interest Rates, Best Personal Loans with Low-Income Limits, Best Student Loans for International Students, Student Loan Forgiveness and Cancellation, Best Renters Insurance Companies in Washington, Read MoneyGeek's Allstate renters Insurance Review, Read MoneyGeek's Farmers renters Insurance Review, Read MoneyGeek's State Farm renters Insurance Review, Read MoneyGeek's Travelers renters Insurance Review, Read MoneyGeek's Nationwide renters Insurance Review, Car Insurance Guide for the Savvy Consumer, most affordable renters insurance in Washington, best renters insurance company in Washington, Washington state Office of the Insurance Commissioner, Office of the Insurance Commissioner Washington State. The average cost of car insurance in Washington is $1,2242in 2021 according to thezebra.com. Can I Register My Car in a Different State Than I Live in? #1 /20 Lemonade Insurance Company 4.85 1914 reviews 96% rated their claim's experience positively 97% Rated Prices Excellent COMPARE QUOTES #2 /20 USAA 4.76 424 reviews 93% would recommend to a friend 88% Rated Prices Excellent COMPARE QUOTES #3 /20 The Hartford 4.60 32 reviews 83% would recommend to a friend 78% Rated Prices , which are similar but not identical to traditional credit scores, to help set renters insurance rates. CD Rates Today: July 13, 2023Earn 5.15% And Up - Forbes Insurance coverage for the structure of your rented home is your landlords responsibility. No hassle. Forbes Advisors state renters insurance rates include large national companies and smaller regional companies to help you identify the cheapest company in your state. Average cost of renters insurance in Washington by coverage level Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Prices vary based on how you buy. These average premiums are based on MoneyGeeks analysis of quotes from various ZIP codes in Washington for personal property coverage of $20,000, liability coverage of $100,000 and a deductible of $500. Your Washington renters insurance policy may pay for damaged personal belongings from a covered peril, up to your policy's limits and minus your deductible. A cheap rate is great. If you choose to bundle your renters and auto policies, you could save enough to cover your renters policy.1 Thats at least worth a high five. Consider it a type of security blanket for your security blanket. Note: Weve excluded USAA from this list because its policies are available only to active military, veterans and their families. Travelers has a robust online system and mobile app that allows customers to manage their accounts. Read more In the table below, you can see average annual Washington renters insurance rates from some of the largest companies in the state. But you shouldnt have to sacrifice customer service to find a good price. Details. Here are some extra options for when you need more protection: Learn more about renters insurance coverages. What is the cheapest renters insurance company in Washington? Interested in learning more about one of the companies on the list of the best renters insurance companies in Washington? Bloomington, IL, State Farm Florida Insurance Company A policy from Pemco costs $26 per month, which is 51% cheaper than the overall state average. Determine the value of your personal property. In Washington, Allstate ranked as the best renters insurance company overall. USAA is the best renters insurance company based on the Insurance.com research, with a J.D.Power score of 886 out of 1,000. Use our Home Quote Explorer tool to compare rates and coverages from multiple renters insurance companies. MoneyGeek analyzed hundreds of renters insurance quotes in Washington, D.C. to help you find cheap renters insurance. MoneyGeek collected renters insurance data from three cities in Washington: Seattle, Spokane and Tacoma. SUPER: Renters Insurance. We compared rates for 10 large renters insurance companies across various U.S. states and Washington, D.C., to discover which ones were cheapest on average. There are a few things for college students renting housing in Washington to consider in order to protect their personal belongings. Sample tenants were nonsmokers with good credit living in a two-bedroom apartment. You can visit the companys profile page to find more information about the company and read reviews to learn from the experiences of other policyholders. Progressive makes buying renters insurance easy. Nationwide had a MoneyGeek score of 85 out of 100. NerdWallet analyzed rates across the country to find the cheapest renters insurance companies in each state and in 25 major cities, plus average nationwide rates for several highly rated companies. Our partners compensate us. Then, check out how much you can save on rental . Gives a generational discount if you start a renters insurance policy when youre between ages 18 and 30 and your parents are customers of American Family. As we mentioned above, there are common misconceptions regarding what is and isnt covered by a renters insurance policy.
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