Tacoma Insurance Rates:

Tacoma, WA home insurance is nearly $506 to $685, about $42-$57/month. Our exhaustive guide indicates shoppers can save as much as $238 by getting many quotes

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Tacoma Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
State Farm
Home Insurance Rate of $50/2 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $220,000

2 Beds, 2 Bath 1600 sqft Seasonal Residence Constructed In 1990 with Stone Flooring, Wood Shake Roof, Piers Foundation, Stucco siding, Stucco Construction. Home Features Include Indoor Sprinklers, Copper Water Pipes, Smoke Alarm, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

30 Years old Divorced Female who is a Freelancer with household income of $25-50,000 and has 3 Pets and is a Non-Smoker

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

  • 500-549 Credit Score

  • Guests at home

Home Insurance Rate of $790/10 months for $500000-$600000 Coverage
Policy Holder Home Details :

Home Value : $530,000

5 Beds, 5 Baths 4600 sqft Primary Residence Constructed In 1944 with Linoleum, Composition Roof, Piers Foundation, Wood siding, Brick Frame. Home Features Include Smoke Alarm, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

60 Years old Single Female who is a Freelancer with household income of $25-50,000 and has 1 Pet and is a Smoker

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

  • 650-699 Credit Score

  • Guests at home

Home Insurance Rate of $370/5 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $350,000

3 Beds, 3 Bath 2340 sqft Vacation Property Constructed In 1948 with Hardwood Flooring, Composition Roof, Chainwall Foundation, Fiber-Cement Siding, Stucco Construction. Home Features Include Fireplace, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

54 Years old Married Male who is Unemployed with household income of less than $25,000 and has 2 Pets and is a Non-Smoker

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

  • 700-749 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $180/8 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $135,000

2 Beds, 2 Bath 1270 sqft Rental Property Constructed In 2013 with Linoleum, Shingles Roof, Crawl Space Foundation, Fiber-Cement Siding, Stucco Construction. Home Features Include Swimming Pool, Copper Water Pipes, Deadbolt Locks, Fire Extinguisher, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

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

Additional Details :
  • 50-75% Mortgage Paid off

  • 700-749 Credit Score

  • Guests at home

Home Insurance Rate of $770/10 months for $400000-$500000 Coverage
Policy Holder Home Details :

Home Value : $375,000

5 Beds, 5 Baths 2460 sqft Vacation Property Constructed In 1962 with Wood Flooring, Membrane Roof, Chainwall Foundation, Vinyl siding, Metal Frame Construction. Home Features Include Fireplace, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

29 Years old Single Male who has a Part Time Job with household income of less than $25,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 550-599 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $150/4 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $135,000

2 Beds, 2 Bath 1000 sqft Vacation Property Constructed In 1986 with Stone Flooring, Shingles Roof, Chainwall Foundation, Fiber-Cement Siding, Metal Frame Construction. Home Features Include Swimming Pool, Deadbolt Locks, Fire Extinguisher, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

32 Years old Married Female who has a Full Time Job with household income of more than $150,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 500-549 Credit Score

Home Insurance Rate of $8630/3 months for More than $1,000,000 Coverage
Policy Holder Home Details :

Home Value : $17,700,000

4 Beds, 4 Baths 2229 sqft Primary Residence Constructed In 2000 with Hardwood Flooring, Tile Roof, Slab Foundation, Wood siding, Metal Frame Construction. Home Features Include Copper Water Pipes, Indoor Sprinklers, Fireplace, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

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

Additional Details :
  • 50-75% Mortgage Paid off

  • 800-850 Credit Score

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Tacoma Rates & Quotes Analysis:

Tacoma Area Estimated House Insurance
Carmel Ln NE, Chambers St, E Homestead Ave, Martin Luther King Jr Way, Maywood St, 6th St E, 8th Ave, 141st Street Ct S, Holly Hedge Ln SW, View St W$582
79th St SW, Glenelg St, 66th Ave Ct W, 103rd St S, S Gove St, S American Lake Blvd, Division Ln, 107th Street Ct S, 19th Ave Ct S, E 75 St$584
56th Avenue Ct SW, Gordon Chesney Rd, Garfield St, N C St, N Freemont Cir, 26th St W, Sharon St SW, 16th Avenue Ct E, Broadway Plz, Harbor Ridge Rd NE$600
75th Avenue Ct W, E 50th St, Arrowhead Rd SW, 68th Stct W, 74th St W, 10th Ave Ct S, S Wright Ave, N 47th St, N 36th St, Mount Rainier Blvd S$578
176th Street Ct E, S 23rd St, N Lexington St, 59th Street Ct E, Manor Dr, N 14th St, Westridge Ave W, Interlaaken Dr SW, 173rd St S, 70th Ave Ct W$603
N Vista View Dr, Lakewood Dr W, Nyanza Ln SW, Cheyenne Loop Rd S, Oak Park Dr SW, 18th Avct E, N E 58th St, 4th Ave Ct E, 68th St E, N 43rd St$593
49th St W, 7th Street Ct E, N 43rd St, N L St, Dash Point Blvd NE, Industry Dr E, Broadmoor Dr NE, 14th Avenue Ct E, 34th Avct S, 79th Stct E$606
S Stevens St, 38th Ave SW, 50th Street Ct W, 115th St Ct E, E 53rd St, 82nd St Ct, Ruby Dr SW, Marti St, S Geiger Cir, Willow Ln W$607
112th Ave SW, N C St, 63rd Street Ct W, Butte Dr SW, E 66th St, St Paul Ave, Duryea Ln S, Todd Rd NE, E Division Ct, 99th Street Ct$589
Madrona Dr NE, Madison St E, 100th Street Ct E, 15th Ave S, Ward St, 70th Avenue Ct SW, 87th St S, N Alder St, Violet Meadow St S, 113th St SW$592

Insurance rates are influenced by a number of factors including:

  • Year Built: 27,278 Homes (14% of total) built between 1939 or earlier in Tacoma are paying home insurance between $1,274-$1,282 and varies from Fircrest (+$35), Waller (+$14), University Place (+$29), Midland (-$20) and Parkland (-$18).
  • Bedrooms: 66,399 3 bedrooms homes (37% of total homes ) in Tacoma are paying about $346 compared to Fircrest (+$10), Waller (+$4), University Place (+$8), Midland (-$6) and Parkland (-$5).
  • Auto Insurance Bundling: 39,038 Households (42% of all households) in Tacoma have 2 vehicles available and when it is bundled with home insurance you can save $119. Discounts for similar bundling in close by locations such as Midland, Fircrest, Waller come to $117, $122, $120 respectively.
  • Senior Discounts: 42,909 seniors (more than 55 years) occupied housing units (47% of total) in Tacoma get discounts between $89 to $91 compared to Midland ($87), Fircrest ($91), Waller ($90).
  • New Homes discounts: New homes such as the 63,086 homes built between 2000 to 2009 in Tacoma can save $119 and similar new home insurance discounts in nearby towns and cities like Midland, Fircrest and Waller are $117, $122 and $120 respectively.

Tacoma Homeowners insurance Facts

  • Tacoma, WA has 91,053 owner occupied houses which is 54.2% of all units whereas Midland, Fircrest and Waller have 53.18%, 64.34% and 79.24% respectively.
  • Tacoma, WA homeowners yearly insurance price at $596 is 0.25% of the typical house value of $235,600 which is in contrast with 0.3% in Midland, 0.2% at Fircrest & 0.23% in Waller.
  • Homeowners in Tacoma, WA pay 1.04% of their income ($45,000 to $49,999) in insurance whereas homeowners in Midland, Fircrest and Waller pay 1.02%, 1.07% and 1.05% respectively.
  • Tacoma, WA’s insurance is 2.8% of monthly housing costs of $1,764/month, for owners with a mortgage compared to 3.16% in Midland, 2.62% at Fircrest & 2.58% in Waller. But, for households without a mortgage, insurance is 9.4% of costs ($530 in Tacoma, WA) in contrast with 10.26% in Midland, 8.84% at Fircrest & 8.97% in Waller.

Tacoma, WA Home Values & Insurance rates

For example, insurance for 2,951 Homes (3.0% of total homes ) valued between $100,000 to $124,999 in Tacoma, WA is about $274. Rates in nearby areas in such as Fircrest, Waller, Summit are cheaper by $60, $28, $27 respectively while Midland and Parkland are costlier by $54 and $48 respectively for similar homes.

Tacoma, WA Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 4,517 5.0% $59
$100,000 to $124,999 2,951 3.0% $274
$125,000 to $149,999 4,112 5.0% $345
$150,000 to $174,999 8,771 11.0% $405
$175,000 to $199,999 9,382 11.0% $470
$200,000 to $249,999 19,665 24.0% $566
$250,000 to $299,999 14,861 18.0% $691
$300,000 to $399,999 13,295 16.0% $882

Renters Insurance in Tacoma

  • Average Renters Insurance in Tacoma :  $177($14/month)

  • Median Gross Rent in Tacoma :  $903

  • Tacoma Renters Insurance to Median Rent Ratio:  1.55%

  • Renter occupied housing units in Tacoma :  76,870

Tacoma Renters Insurance as a Percentage of Rent

Tacoma Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 1,286 1.0% $344
$200 to $299 1,330 1.0% $794
$300 to $499 2,973 3.0% $1244
$500 to $749 16,989 22.0% $1919
$750 to $999 22,853 30.0% $2669
$1,000 to $1,499 19,875 26.0% $3794
$1,500 or more 9,732 12.0% $5444

Rent Affordability in Tacoma:

Approximately 45.0% (35,308) of households are spending more than 35% of their income on gross rent in Tacoma

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 7,632 9.0%
15.0 to 19.9 percent 8,715 11.0%
20.0 to 24.9 percent 10,111 13.0%
25.0 to 29.9 percent 8,539 11.0%
30.0 to 34.9 percent 6,565 8.0%
35.0 percent or more 35,308 45.0%

Tacoma Renters Insurance Discounts:

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

Number of Vehicles in Tacoma, WA Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 37,090 48.0% $17.7
2 vehicles available 22,195 28.0% $26.55
3 or more vehicles available 6,957 9.0% $35.4

Protective device discount in Tacoma Up to :  $26

Claims-free discount in Tacoma Up to :  $35

Tacoma, WA Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
98403 $410,200 $650
98422 $332,000 $630
98467 $318,200 $620
98407 $308,500 $630
98465 $299,200 $620
98402 $283,000 $620
98406 $277,500 $610
98443 $260,500 $610
98405 $203,200 $600
98408 $188,400 $590
98404 $183,600 $590
98409 $182,300 $580