Federal Way Insurance Rates:

Federal Way, WA home insurance is approximately $511 to $694, about $42-$57/month. Our all inclusive analysis indicates shoppers can save upto $240 by getting different quotes

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Read Federal Way, Washington Homeowners Insurance reviews & compare quotes to find the most reliable & cheapest quotes.

Federal Way Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Chubb Group of Insurance
Home Insurance Rate of $180/3 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $295,000

5 Beds, 5 Baths 1810 sqft Vacation Property Constructed In 1989 with Linoleum, Wood Shake Roof, Crawl Space Foundation, Stucco siding, Wood Frame. Home Features Include Indoor Sprinklers, Smoke Alarm, Fire Extinguisher, Fireplace, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

56 Years old Single Female who has a Part Time Job with household income of $25-50,000 and has 3 Pets and is a Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 750-799 Credit Score

Home Insurance Rate of $120/4 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $215,000

3 Beds, 3 Baths 1760 sqft Primary Residence Constructed In 1976 with Wood Flooring, Wood Shake Roof, Chainwall Foundation, Brick siding, Brick Frame. Home Features Include Deadbolt Locks, Indoor Sprinklers, Copper Water Pipes, Fireplace, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

32 Years old Single Male who has a Full Time Job with household income of less than $25,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 550-599 Credit Score

  • Seniors staying at home

Home Insurance Rate of $740/6 months for $400000-$500000 Coverage
Policy Holder Home Details :

Home Value : $400,000

4 Beds, 4 Bath 2600 sqft Vacation Property Constructed In 1973 with Linoleum, Wood Shake Roof, Piers Foundation, Stone Siding, Stucco Construction. Home Features Include Smoke Alarm, Indoor Sprinklers, Fire Extinguisher, Swimming Pool, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

24 Years old Single Female who has a Full Time Job with household income of less than $25,000 and has 2 Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $350/3 months for $400000-$500000 Coverage
Policy Holder Home Details :

Home Value : $540,000

5 Beds, 5 Baths 4810 sqft Seasonal Residence Constructed In 1996 with Wood Flooring, Slate Shingles Roof, Piers Foundation, Stone Siding, Brick Frame. Home Features Include Fireplace, Swimming Pool, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

24 Years old Married Female who has a Part Time Job with household income of less than $25,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 650-699 Credit Score

  • Seniors staying at home

Home Insurance Rate of $580/12 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $225,000

5 Beds, 5 Baths 1990 sqft Primary Residence Constructed In 2008 with Carpet over wood flooring, Asphalt Shingles Roof, Piers Foundation, Fiber-Cement Siding, Stucco Construction. Home Features Include Central Air Conditioning, Smoke Alarm, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

58 Years old Divorced Male who has a Full Time Job with household income of $100-$150,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 650-699 Credit Score

  • Guests at home

Home Insurance Rate of $180/8 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $205,000

2 Beds, 2 Bath 1280 sqft Vacation Property Constructed In 1973 with Carpet over wood flooring, Metal Roof, Slab Foundation, Fiber-Cement Siding, Wood Frame. Home Features Include Fire Extinguisher, Swimming Pool, Copper Water Pipes, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

28 Years old Divorced Male who has a Full Time Job with household income of $25-50,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $1500/12 months for $500000-$600000 Coverage
Policy Holder Home Details :

Home Value : $510,000

4 Beds, 4 Baths 3060 sqft Seasonal Residence Constructed In 1982 with Linoleum, Tile Roof, Piers Foundation, Wood siding, Wood Frame. Home Features Include Fire Extinguisher, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

70 Years old Divorced Female who is Retired with household income of less than $25,000 and has 1 Pet and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 700-749 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $490/9 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $215,000

3 Beds, 3 Baths 1910 sqft Rental Property Constructed In 2005 with Carpet Flooring, Composition Roof, Piers Foundation, Brick siding, Metal Frame Construction. Home Features Include Central Air Conditioning, Indoor Sprinklers, Fire Extinguisher, Swimming Pool, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

60 Years old Married Female who is Retired and has 1 Pet and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • Up to 499 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $260/6 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $175,000

3 Beds, 3 Bath 1260 sqft Primary Residence Constructed In 1971 with Hardwood Flooring, Shingles Roof, Chainwall Foundation, Stone Siding, Brick Frame. Home Features Include Smoke Alarm, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

40 Years old Divorced Female who is Unemployed and has 2 Pets and is a Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 750-799 Credit Score

  • Guests at home

Home Insurance Rate of $400/1 month for $150,000-$175,000 Coverage
Policy Holder Home Details :

Home Value : $130,000

2 Beds, 2 Baths 891 sqft Primary Residence Constructed In 1986 with Ceramic Tile Flooring, Membrane Roof, Chainwall Foundation, Fiber-Cement Siding, Stucco Construction. Home Features Include Swimming Pool, Fire Extinguisher, Copper Water Pipes, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

48 Years old Single Female who has a Full Time Job with household income of $75-$100,000 and has 2 Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 550-599 Credit Score

  • Seniors staying at home

  • Guests at home

Federal Way, WA Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
98023 $276,600 $620
98003 $238,600 $600

Federal Way Rates & Quotes Analysis:

Federal Way Area Estimated House Insurance
S 326th Pl, 39th Pl SW, SW 316th Pl, S 273rd St, SW 314th St, 20th Ave Ct, 313th St SW, S 280th St, S 316th Ln, 16th Pl SW$602
SW 334th Pl, S 258th St, S 287th Pl, S 319th St, S 370th Ct, Redondo Beach Dr S, 50th Pl SW, SW 311th Ct, SW 350th Pl, SW 344th Pl$598
SW 306th Ln, S 301st Pl, SW 314th Pl, 45th Pl SW, S 361st St, 22nd Pl SW, S 279th St, SW 349th Pl, 19th Ln SW, S 286th Ln$597
SW Campus Dr, S 308th Ln, 10th Ct SW, SW 310th St, 20th Ct S, SW 347th Way, 40th Ct SW, S 356th St, 38th Pl SW, 43rd Pl SW$609
S 283rd St, 28th Pl SW, SW 320th Pl, S 358th St, S 348th St, 24th Pl SW, 17th Ct S, S 308th Pl, S 297th St, 2nd Ct S$609
S 355th Pl, S 299th Pl, SW 334th St, 14th Pl S, S 333rd St, 48th Cir SW, S 309th St, S 325th Pl, S 380th Pl, Merion Way$580
SW 369th St, SW 322nd Pl, SW 310th St, 29th Ct SW, S 300th Pl, SW 307th Pl, 315th Pl, S 314th Pl, SW 324th St, S 343rd St$604
S 283rd Pl, SW 329th St, S 328th Ln, S Peasley Canyon Rd, 50th Ln S, S 290th Pl, S 338th Pl, SW Century Blvd, S 272nd Pl, 22nd Pl SW$586
S 269th St, S 274th Pl, Redondo Way, S 281st St, S 298th Pl, S 368th Pl, Merlyn Dr, S 340th St, SW 345th St, S 301st Pl$592
SW 338th St, S 317th St, S 266th Pl, S 281st St, SW 324th Pl, SW 299th Pl, SW 311th Pl, SW 304th St, 225th Ln SW, 25th Dr S$598

Insurance rates are influenced by a number of factors including:

  • Year Built: 8,865 Homes (24% of total) built between 1970 to 1979 in Federal Way are paying home insurance between $976-$985 and differs from Fife Heights (+$24), Dash Point (+$110), Browns Point (+$80), Algona (-$17) and Pacific (-$12).
  • Bedrooms: 9,537 2 bedrooms homes (26% of total homes ) in Federal Way are paying about $277. Areas near to Federal Way such as Fife Heights, Dash Point, Browns Point are costlier by $7, $32, $17 respectively whereas Federal Way-Auburn and Algona are more economical by $7, $4 respectively for similar homes.
  • Auto Insurance Bundling: 6,335 Households (33% of all households) in Federal Way have 3 or more vehicles available and when it is bundled with home insurance you can save $150. Discounts for similar bundling in close by locations such as Federal Way-Auburn, Lakeland North, Lakeland South come to $150, $151, $151 respectively.
  • Senior Discounts: 7,840 seniors (more than 55 years) occupied housing units (40% of total) in Federal Way get discounts between $90 to $92. The comparative concessions in proximate regions such as Federal Way-Auburn, Fife Heights and Dash Point are $90, $92 and $100 respectively.
  • New Homes discounts: New homes such as the 10,525 homes built between 2000 to 2009 in Federal Way can save $120 compared to Federal Way-Auburn ($120), Lakeland North ($121), Lakeland South ($121).

Federal Way Homeowners insurance Facts

  • Federal Way, WA has 19,140 owner occupied houses which is 56.5% of all units whereas Federal Way-Auburn, Lakeland North and Lakeland South have 59.22%, 77.55% and 85.45% respectively.
  • Federal Way, WA homeowners yearly insurance price at $602 is 0.23% of the typical house value of $263,900 which is in contrast with 0.24% in Federal Way-Auburn, 0.22% at Lakeland North & 0.22% in Lakeland South.
  • Homeowners in Federal Way, WA pay 1.05% of their income ($45,000 to $49,999) in insurance whereas homeowners in Federal Way-Auburn, Lakeland North and Lakeland South pay 1.04%, 1.05% and 1.05% respectively.
  • Federal Way, WA’s insurance is 2.7% of monthly housing costs of $1,890/month, for owners with a mortgage compared to 2.66% in Federal Way-Auburn, 2.64% at Lakeland North & 2.6% in Lakeland South. But, for households without a mortgage, insurance is 8.6% of costs ($583 in Federal Way, WA) in contrast with 8.32% in Federal Way-Auburn, 7.37% at Lakeland North & 8.54% in Lakeland South.

Federal Way, WA Home Values & Insurance rates

For example, insurance for 3,575 Homes (21.0% of total homes ) valued between $250,000 to $299,999 in Federal Way, WA is about $626. Rates in nearby areas in such as Lakeland North, Lakeland South, Fife Heights are cheaper by $28, $33, $108 respectively while Federal Way-Auburn and Milton are costlier by $22 and $54 respectively for similar homes.

Federal Way, WA Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 1,049 6.0% $54
$100,000 to $124,999 727 4.0% $246
$125,000 to $149,999 632 3.0% $313
$150,000 to $174,999 995 5.0% $367
$175,000 to $199,999 1,210 7.0% $427
$200,000 to $249,999 3,570 21.0% $511
$250,000 to $299,999 3,575 21.0% $626
$300,000 to $399,999 4,468 26.0% $794

Renters Insurance in Federal Way

  • Average Renters Insurance in Federal Way :  $158($13/month)

  • Median Gross Rent in Federal Way :  $997

  • Federal Way Renters Insurance to Median Rent Ratio:  1.3%

  • Average household size of renter-occupied unit :  2.45

Federal Way Renters Insurance as a Percentage of Rent

Federal Way Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$200 to $299 238 1.0% $789
$300 to $499 146 1.0% $1239
$500 to $749 1,497 10.0% $1914
$750 to $999 5,294 36.0% $2664
$1,000 to $1,499 5,179 36.0% $3789
$1,500 or more 1,930 13.0% $5439

Rent Affordability in Federal Way:

Approximately 47.0% (6,987) of households are spending more than 35% of their income on gross rent in Federal Way

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 1,005 6.0%
15.0 to 19.9 percent 1,613 10.0%
20.0 to 24.9 percent 2,138 14.0%
25.0 to 29.9 percent 1,627 11.0%
30.0 to 34.9 percent 1,356 9.0%
35.0 percent or more 6,987 47.0%

Federal Way Renters Insurance Discounts:

Federal Way Renters Insurance Discounts by Number of Vehicles in Renter Occupied Housing Units

Number of Vehicles in Federal Way, WA Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 7,261 49.0% $15.8
2 vehicles available 4,124 28.0% $23.7
3 or more vehicles available 1,166 7.0% $31.6

Federal Way Senior Citizen Discounts:

Age Senior Occupied Housing Units % of Total Discount offered
55 to 59 years 898 6.0% $99
60 to 64 years 710 4.0% $79
65 to 74 years 746 5.0% $64
75 years and over 1,119 7.0% $49

Protective device discount in Federal Way Up to :  $23

Claims-free discount in Federal Way Up to :  $31