Olympia ,WA Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Olympia, WA homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Olympia, WA is $1271. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Olympia, WA. VHome Insurance will help you navigate the world of homeowners insurance coverages in Olympia, WA.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $508 |
| $200,000 | $864 |
| $300,000 | $1,068 |
| $400,000 | $1,627 |
| $500,000 | $2,046 |
Home insurance costs in Olympia can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 098502 | $1,219 |
| 98501 | $1,214 |
| 98512 | $1,203 |
| 98516 | $1,219 |
| 98513 | $1,197 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Olympia, WA, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,303 |
| $1000 Deductible | $1,166 |
| $1500 Deductible | $1,099 |
| $2500 Deductible | $991 |
| $5000 Deductible | $839 |
| Home Insurance Company Near Olympia, WA | Homeowners Insurance Agency Near Olympia, WA | Address |
|---|---|---|
| Allstate | Island Insurance Center Inc | 17804 Vashon Hwy SW, Vashon, WA, 98070 |
| Allstate | Jay Milsten | 400 S Meridian Ste 1A, Puyallup, WA, 98371 |
| Travelers | Propel Insurance - Bremerton | 60 Washington Ave 60 Washington Ave, Bremerton, WA, 98337 |
| Farmers | Robert Archer | 32129 Weyerhaeuser Way S Ste 102, Federal Way, WA, 98001 |
| NA | Lance Maitland | 2122 Sw 305Th Street Federal Way, Federal Way, WA, 98023 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Lacey city, Washington | $89 | $119 | $179 |
| Tanglewilde CDP, Washington | $89 | $118 | $177 |
| Tumwater city, Washington | $89 | $119 | $179 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Olympia, WA | 2.8% | 9.8% |
| Lacey | 2.84% | 10.9% |
| Tanglewilde | 3.1% | 9.58% |
| Tumwater | 2.89% | 10.19% |
| Olympia Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 380 | 1.0% | $340 |
| $200 to $299 | 483 | 1.0% | $790 |
| $300 to $499 | 589 | 2.0% | $1240 |
| $500 to $749 | 3,782 | 15.0% | $1915 |
| $750 to $999 | 7,755 | 31.0% | $2665 |
| $1,000 to $1,499 | 8,154 | 33.0% | $3790 |
| $1,500 or more | 3,334 | 13.0% | $5440 |
| Streets in Olympia Area | Homeowners Insurance Cost |
|---|---|
| 4th Ct SE, 80th Ave SE, Anton Ct SE, Clark Pl SE, Oak Ave NE, Wilderness Ct SE, James St SE, Jefferson St NE, 36th Ave NE, Stanfield Rd SE | $612 |
| Israel Rd SW, Columbia St SW, Paddington Ln SE, Bonshaw Ct SE, Enterprise Dr NE, Riverview Dr SE, 4th Ave E, Chambers St SE, 6th St SE, Foxtail Ct SE | $604 |
| Tri Lake Dr SE, Pat Kennedy Way SW, Jamestown Ln SE, Springwood Ave NE, Fiesta St SW, Corral Ln SE, Virginia St SE, Compass St, Hollywood Dr NE, 50th Ct SE | $596 |
| Sapp Rd SW, 33rd Ct NE, 72nd Ave NE, Holiday Dr SE, 16th Ln NE, Thornbury Pl SE, Somerset Hill Dr SW, Atchinson Dr SE, Westlake Dr SE, Craney Ct SE | $618 |
| 45th Ave SE, Sarazen St SE, Paul St, 72nd Ave NE, N 6th Ave SW, Portstewart Ln SE, Southglen Ave SE, Schoth St SW, Riverlea Dr SE, Humphrey St SE | $615 |
| Cambridge Ln SW, Edison St SE, Fire Ct SE, Country Club Loop NW, Muirhead Ave NW, Pleasant Forest Rd, Union Ave SW, 11th Ave SW, Glen Mary Dr SE, 54th Ave SE | $589 |
| Mount Tahoma Ct SE, Samurai Dr SE, Quince St SE, Kempton St SE, Swanee Cir SE, Kwan Tupso Ln SW, Sawyer St NE, Charter Ln SW, Everest Ct SE, 20th Ave NW | $580 |
| 63rd Ave NE, 77th Trl SE, Glen Mary Ln SE, 42nd Ave SE, Westminster Dr NE, 32nd Ave SE, Wesley Loop NW, Morse Merryman Rd SE, Buckingham Dr SE, 33rd Ln NW | $614 |
| 62nd Ave NW, Hancock Ct SE, Mc Cormick Way SE, 56th Ave SE, 33rd Ct SE, Sapp Rd SW, Budd Ct NE, Sugar Maple Ln SE, Lakeshore Ln SE, Arietta Ave SE | $587 |
| Buckingham Ct SE, Prine Dr SW, Stead Ln NE, Carpenter Ct SE, 89th Ave SE, Sunset Beach Dr NW, Cedrona Pl NW, Susan Ct SE, Hayes St SW, 68th Ave SE | $613 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Olympia | $89 to $92 |
| Lacey | $89 |
| Tanglewilde | $88 |
| Nisqually Indian Community | $87 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $700 | $1,700 |
| Yearly Olympia Homeowner Insurance Premium Example | $700 | $500 |
| Out of Pocket Expense During Claim | $700 | $1,700 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $6,300 | $5,700 |
| Net Savings to Olympia Home Owner from High Deductible Plan | $600 | |
| Scenario | Olympia, WA Home Replacement Value MORE than Home Value | Olympia, WA Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $407,500 | $301,500 |
| Insurance Premium based on Replacement Value | $1,375 | $1,025 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $53,000 | Risk Exposure from Under Insuring Coverage is $53,000 |
| Premium Impact | Insurance cheaper by $175/year | Insurance costlier by $175/year |
| Insurance Company | State Farm | Liberty Mutual | Farmers Insurance |
| Monthly Premium | 97 | 28 | 59 |
| Year Built | 2004 | 1992 | 1980 |
| Home Details | 5 Beds, 2 Baths | 2 Beds, 1 Baths | 4 Beds, 2 Baths |
| Coverage Amount | $600000-$700000 | $125000-$150000 | $350000-$400000 |
| Deductible | $5000 to $10,000 Deductible | $2500-$5000 Deductible | $5000 to $10,000 Deductible |