Summit Insurance Rates:

Summit, WA home insurance is roughly $510 to $695, about $42-$57/month. Our detailed research indicates shoppers can save upto $241 by getting many quotes

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Summit Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
American Family Insurance
Home Insurance Rate of $370/7 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $285,000

4 Beds, 4 Baths 1740 sqft Primary Residence Constructed In 2010 with Wood Flooring, Membrane Roof, Piers Foundation, Vinyl siding, Wood Frame. Home Features Include Indoor Sprinklers, Fire Extinguisher, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

34 Years old Single Female who has a Full Time Job with household income of more than $150,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 700-749 Credit Score

Home Insurance Rate of $470/5 months for $400000-$500000 Coverage
Policy Holder Home Details :

Home Value : $425,000

5 Beds, 5 Baths 2550 sqft Rental Property Constructed In 1998 with Carpet Flooring, Slate Shingles Roof, Crawl Space Foundation, Vinyl siding, Wood Frame. Home Features Include Swimming Pool, Fireplace, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

56 Years old Divorced Female who has a Full Time Job with household income of $100-$150,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 800-850 Credit Score

  • Seniors staying at home

Home Insurance Rate of $60/1 month for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $225,000

4 Beds, 4 Baths 2010 sqft Vacation Property Constructed In 2002 with Wood Flooring, Metal Roof, Slab Foundation, Wood siding, Wood Frame. Home Features Include Deadbolt Locks, Swimming Pool, Fireplace, Smoke Alarm, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

48 Years old Divorced Female who is Unemployed with household income of less than $25,000 and has 2 Pets and is a Smoker

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

  • 700-749 Credit Score

  • Seniors staying at home

Home Insurance Rate of $200/5 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $250,000

3 Beds, 3 Baths 1700 sqft Rental Property Constructed In 2004 with Hardwood Flooring, Slate Shingles Roof, Chainwall Foundation, Fiber-Cement Siding, Stucco Construction. Home Features Include Fireplace, Copper Water Pipes, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

71 Years old Divorced Female who has a Full Time Job with household income of less than $25,000 and has No Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 700-749 Credit Score

  • Seniors staying at home

Home Insurance Rate of $730/12 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $400,000

4 Beds, 4 Baths 2600 sqft Rental Property Constructed In 1984 with Wood Flooring, Wood Shake Roof, Chainwall Foundation, Stone Siding, Wood Frame. Home Features Include Copper Water Pipes, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

41 Years old Single Male who has a Part Time Job with household income of $25-50,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 600-649 Credit Score

  • Guests at home

Home Insurance Rate of $480/7 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $300,000

5 Beds, 5 Baths 1990 sqft Vacation Property Constructed In 1999 with Ceramic Tile Flooring, Composition Roof, Chainwall Foundation, Stucco siding, Metal Frame Construction. Home Features Include Smoke Alarm, Fireplace, Deadbolt Locks, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

58 Years old Divorced Female who has a Full Time Job with household income of $75-$100,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

Home Insurance Rate of $160/2 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $315,000

3 Beds, 3 Baths 2230 sqft Vacation Property Constructed In 1986 with Wood Flooring, Asphalt Shingles Roof, Piers Foundation, Stone Siding, Wood Frame. Home Features Include Fireplace, Fire Extinguisher, Smoke Alarm, Central Air Conditioning, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

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

Additional Details :
  • 25-50% Mortgage Paid off

  • Up to 499 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $930/10 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $380,000

4 Beds, 4 Bath 3160 sqft Seasonal Residence Constructed In 2006 with Wood Flooring, Membrane Roof, Crawl Space Foundation, Wood siding, Wood Frame. Home Features Include Swimming Pool, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

41 Years old Divorced Male who has a Full Time Job with household income of $100-$150,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

Home Insurance Rate of $660/12 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $425,000

5 Beds, 5 Baths 3490 sqft Vacation Property Constructed In 1989 with Stone Flooring, Composition Roof, Piers Foundation, Stone Siding, Brick Frame. Home Features Include Swimming Pool, Fireplace, Indoor Sprinklers, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

72 Years old Married Male who is Retired and has 2 Pets and is a Smoker

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

  • 650-699 Credit Score

Home Insurance Rate of $120/2 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $230,000

5 Beds, 5 Bath 1700 sqft Rental Property Constructed In 2012 with Ceramic Tile Flooring, Slate Shingles Roof, Crawl Space Foundation, Stucco siding, Wood Frame. Home Features Include Central Air Conditioning, Fire Extinguisher, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

52 Years old Divorced Male who has a Full Time Job with household income of $100-$150,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 500-549 Credit Score

Summit Rates & Quotes Analysis:

Summit Area Estimated House Insurance
56th Ave Ct E, 75th Avenue Ct E, 87th St E, 14th Street Pl SW, 21st St SW, S Fruitland, 29th Avenue Ct SW, M J Hunt Rd, 76th Street Ct E, 55th Avct E$605
72 Ave E, N 85th Ave E, 91st Avct E, 24th Ave SW, 27th Ave SW, Fruitland Ave E, 23rd Ave E, Friutland Ave E, 14th St Pl SW, 124th St Ct E$605
57th Avenue Ct E, 88th Street Ct E, 101st Stct E, S Hill Park Dr, 109th Stct E, 25th Ave SW, 100th Stct E, 86th Street Ct E, 61st Avenue Ct E, Bentley Rd$602
93rd Street Ct E, Aqueduct Dr E, 115th St Ct E, 91st St E, 5th St SW, 13 Th St SW, 88th Street Ct E, 93rd Street Ct E, 31st Ave SW, 89th St Ct E$607
30th Ave SW, 72nd Ct E, 28th Avenue Ct SW, 37th Avenue Ct E, 22nd Ave Ct E, King St E, 90th Ave, 25th St SW, 29th Ave Ct SW, 28th St SW$606

Insurance rates are influenced by a number of factors including:

  • Year Built: 650 Homes (18% of total) built between 1960 to 1969 in Summit are paying home insurance between $1,056-$1,065 compared to Edgewood (+$22), Fife Heights (+$24), Fircrest (+$16), Midland (-$30) and Summit View (-$18).
  • Bedrooms: 736 4 bedrooms homes (20% of total homes ) in Summit are paying about $573 and varies from Clover Creek (+$3), Edgewood (+$13), Fife Heights (+$14), Midland (-$16) and Summit View (-$9).
  • Auto Insurance Bundling: 952 Households (34% of all households) in Summit 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 Clover Creek, Midland, Summit View come to $149, $146, $148 respectively.
  • Senior Discounts: 1,473 seniors (more than 55 years) occupied housing units (52% of total) in Summit get discounts between $90 to $92. The comparative concessions in proximate regions such as Clover Creek, Midland and Summit View are $89, $87 and $88 respectively.
  • New Homes discounts: New homes such as the 1,396 homes built between 2000 to 2009 in Summit can save $120 and similar new home insurance discounts in nearby towns and cities like Clover Creek, Midland and Summit View are $119, $117 and $118 respectively.

Summit Homeowners insurance Facts

  • Summit, WA has 2,790 owner occupied houses which is 80.6% of all units whereas Clover Creek, Midland and Summit View have 68.51%, 53.18% and 62.79% respectively.
  • Summit, WA homeowners yearly insurance price at $603 is 0.23% of the typical house value of $265,400 which is in contrast with 0.24% in Clover Creek, 0.3% at Midland & 0.26% in Summit View.
  • Homeowners in Summit, WA pay 2.19% of their income ($25,000 to $29,999) in insurance whereas homeowners in Clover Creek, Midland and Summit View pay 2.18%, 2.13% and 2.16% respectively.
  • Summit, WA’s insurance is 2.7% of monthly housing costs of $1,894/month, for owners with a mortgage compared to 3.06% in Clover Creek, 3.16% at Midland & 2.71% in Summit View. But, for households without a mortgage, insurance is 8.7% of costs ($576 in Summit, WA) in contrast with 9.83% in Clover Creek, 10.26% at Midland & 12.11% in Summit View.

Summit, WA Home Values & Insurance rates

For example, insurance for 25 Homes (1.0% of total homes ) valued between $125,000 to $149,999 in Summit, WA is about $307. Rates in nearby areas in such as Edgewood, Lakeland South, Fircrest are cheaper by $43, $11, $38 respectively while Clover Creek and Midland are costlier by $16 and $103 respectively for similar homes.

Summit, WA Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 208 8.0% $54
$50,000 to $59,999 50 2.0% $114
$100,000 to $124,999 56 2.0% $247
$125,000 to $149,999 25 1.0% $307
$150,000 to $174,999 243 9.0% $367
$175,000 to $199,999 113 4.0% $422
$200,000 to $249,999 486 19.0% $506
$250,000 to $299,999 637 25.0% $621
$300,000 to $399,999 664 26.0% $789

Renters Insurance in Summit

  • Average Renters Insurance in Summit :  $157($13/month)

  • Median Gross Rent in Summit :  $1,061

  • Summit Renters Insurance to Median Rent Ratio:  1.23%

  • Average household size of renter-occupied unit :  2.29

Summit Renters Insurance as a Percentage of Rent

Summit Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$500 to $749 104 17.0% $1914
$750 to $999 155 26.0% $2664
$1,000 to $1,499 294 49.0% $3789
$1,500 or more 38 6.0% $5439

Rent Affordability in Summit:

Approximately 53.0% (362) of households are spending more than 35% of their income on gross rent in Summit

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 23 3.0%
15.0 to 19.9 percent 105 15.0%
20.0 to 24.9 percent 64 9.0%
25.0 to 29.9 percent 95 14.0%
30.0 to 34.9 percent 23 3.0%
35.0 percent or more 362 53.0%

Protective device discount in Summit Up to :  $23

Claims-free discount in Summit Up to :  $31