Redmond, WA Home Insurance - Analysis On Quotes, Rates & Agents
Redmond Insurance Rates:
Redmond, WA homeowners insurance is roughly $549 to $746, about $45-$62/month. Our exhaustive research shows customers can save upto $259 by getting multiple quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
Best Home Insurance Companies in Redmond, WA
In Redmond, Washington, homeowners pay an average home insurance rate of $1,508, which is higher than the national average premium of $1,438. Redmond homeowners can narrow down the best home insurance companies by considering various factors. Below are the top 5 home insurance companies in Washington by market share.
State Farm
State Farm is the most prominent company in Washington, occupying most of the market share with 17.01%. The renowned home insurance company has written direct premiums worth $311,354. It has earned direct premiums worth $303,989. State Farm holds a financial strength rating of A++ from A.M. Best for its superior financial capacity to grant current Redmond policyholders potential claims. It also received a customer satisfaction score of 4/5 from J.D. Power based on policyholders’ feedback.
Liberty Mutual
According to NAIC, Liberty Mutual holds a market share of 13.70% in Washington. The home insurance company has direct premiums written worth $250,842 and direct premiums earned worth $242,419. A.M. Best rated Liberty Mutual with an A for its excellent ability to grant current policyholders’ potential claims. In terms of overall customer satisfaction, Liberty Mutual received a score of 3/5 from J.D. Power.
Farmers
Farmers is another major player in the insurance segment holding a market share of 10.39% in Washington. The company has direct premiums written for a total value of $219,834. It has earned direct premiums worth $216,145. Farmers holds a financial strength rating of A+ for their superior financial ability to grant current Redmond policyholders’ claims. According to customer feedback curated by J.D. Power, Farmers received a customer satisfaction rating of 3/5.
Allstate
Allstate occupies 9.51% of the home insurance market in Washington. It has written direct premiums of $174,162 and earned direct premiums of $171,396. Allstate has the superior financial ability in granting potential claims of current Redmond policyholders and has been awarded a rating of A+ from A.M. Best. It received a customer satisfaction score of 3/5 from J.D. Power’s customer feedback survey.
USAA
Even though USAA only offers its services to veterans, active and retired military personnel, it has managed to hold a market share of 8.61%. It has direct premiums written worth $157,564 and direct premiums earned worth $151,660. USAA is the only home insurance company other than State Farm to receive a financial strength rating of A++ for its superior financial ability to grant current Redmond policyholders’ claims. It also holds a perfect customer satisfaction score of 5/5 from J.D. Power.
Redmond, WA Homeowners Insurance By Home Value
| Redmond, WA Home Value | Total Homes | % of Total | Average Redmond, WA Homeowners Insurance |
|---|---|---|---|
| Less than $50,000 | 296 | 6.0% | $32 |
| $50,000 to $59,999 | 66 | 1.0% | $71 |
| $100,000 to $124,999 | 120 | 2.0% | $155 |
| $125,000 to $149,999 | 79 | 1.0% | $194 |
| $150,000 to $174,999 | 268 | 5.0% | $226 |
| $175,000 to $199,999 | 137 | 2.0% | $265 |
| $200,000 to $249,999 | 624 | 13.0% | $317 |
| $250,000 to $299,999 | 754 | 16.0% | $388 |
| $300,000 to $399,999 | 2,198 | 47.0% | $492 |
Top Home Insurance Agents Near Redmond, WA
| Home Insurance Company Near Redmond, WA | Homeowners Insurance Agency Near Redmond, WA | Address |
|---|---|---|
| Liberty Mutual | Carrie Barrett | 15809 Bear Creek Pkwy Suite 120, Redmond, WA, 98052 |
| Allstate | Rick Zeleznik | 26708 180Th Ave Se Ste 101, Covington, WA, 98042 |
| Travelers | Robinson-Maurer-Welts Inc | 2601 4TH AVENUE SUITE 450, SEATTLE, WA, 98121 |
| Allstate | Thomas Abraham | 21010 108th Ave SE, Kent, WA, 98031 |
| State Farm | Wendi Thomas | 3025 S Union Avenue, Tacoma, WA, 98409-3316 |
Redmond, WA Home Insurance Agents for Top Companies
Cost Of Homeowners Insurance By Street Near Redmond, WA
| Streets in Redmond Area | Homeowners Insurance Cost |
|---|---|
| 198th Dr NE, 160th Pl NE, NE 92nd Way, Redmond Woodinville Rd NE, 198th Ct NE, NE 63rd Way, NE 124th Ct, 143rd Ave NE, NE 26th Way, 239th Way NE | $689 |
| NE 132nd Ct, 154th Pl NE, NE 93rd Way, 195th Ave NE, NE 80th Pl, 197th Ct NE, 192nd Pl NE, Brown St, 153rd Ave NE, 238th Pl NE | $643 |
| 200th Pl NE, Avondale Pl NE, NE 73rd Way, NE 63rd Ct, 194th Pl NE, NE 111th Ct, 231st Ct NE, Avondale Way NE, 147th Ave NE, NE 91st Pl | $662 |
| 135th Pl NE, 190th Ave NE, NE 67th Ct, 232nd Way NE, NE 61st Pl, 220th Ct NE, 131st Ln NE, 167th Ct NE, 174th Ct NE, NE 75th Pl | $658 |
| NE 92nd Pl, NE Vine Maple Way, NE 71st Pl, 232nd Ter NE, NE 121st Ln, 220th Pl NE, 242nd Ave NE, NE 50th Way, NE 46th Ct, NE 90th Pl | $679 |
Redmond, WA Home Insurance Savings For Senior Occupied Homes
| Place | Savings For Senior Occupied Homes |
|---|---|
| Redmond | $96 to $99 |
| Kirkland | $97 |
| Union Hill-Novelty Hill | $101 |
| Kingsgate | $94 |
Redmond, WA Auto & Homeowners Insurance Bundling Discounts
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Kirkland city, Washington | $98 | $130 | $195 |
| Seattle East CCD, King County, Washington | $97 | $129 | $194 |
| Union Hill-Novelty Hill CDP, Washington | $101 | $135 | $203 |
Redmond, WA Area Home Insurance as a % of Housing Cost
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Redmond, WA | 2.2% | 7.9% |
| Kirkland | 2.23% | 7.77% |
| Seattle East | 2.2% | 7.33% |
| Union Hill-Novelty Hill | 2.0% | 6.5% |
Redmond Renters Insurance as a Percentage of Rent
| Redmond Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $500 to $749 | 391 | 3.0% | $1883 |
| $750 to $999 | 1,310 | 12.0% | $2633 |
| $1,000 to $1,499 | 4,634 | 43.0% | $3758 |
| $1,500 or more | 4,112 | 38.0% | $5408 |
Redmond, WA Home Insurance Costs With Deductible Scenario
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $800 | $2,800 |
| Yearly Redmond Homeowner Insurance Premium Example | $1,300 | $900 |
| Out of Pocket Expense During Claim | $800 | $2,800 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $11,200 | $10,000 |
| Net Savings to Redmond Home Owner from High Deductible Plan | $1,200 | |
Redmond, WA Home Insurance Costs With Home Replacement Value Scenarios
| Scenario | Redmond, WA Home Replacement Value MORE than Home Value | Redmond, WA Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $732,500 | $417,000 |
| Insurance Premium based on Replacement Value | $1,975 | $1,125 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $178,500 | Risk Exposure from Under Insuring Coverage is $137,000 |
| Premium Impact | Insurance cheaper by $375/year | Insurance costlier by $475/year |
Example Redmond Homeowners Insurance Comparison Table to Compare The Cheapest Quotes
| Insurance Company | Chubb Group of Insurance | Farmers Insurance | Allstate |
| Monthly Premium | 195 | 31 | 59 |
| Year Built | 1991 | 2002 | 1984 |
| Home Details | 5 Beds, 4 Baths | 2 Beds, 1 Baths | 3 Beds, 1 Baths |
| Coverage Amount | $600000-$700000 | $175000-$200000 | $300000-$350000 |
| Deductible | $500 Deductible | $2500-$5000 Deductible | $500- $1000 Deductible |
Sample Home Insurance Rates for Redmond, WA from Consumer Reviews & Surveys
| Year Built | Home Value | Roof Type | Sqft | Number of Bedrooms | Deductible | Premium | Premium Months | Siding Type | Smoker/Non Smoker |
|---|---|---|---|---|---|---|---|---|---|
| 2012 | 555,000 | Membrane Roof | 2,150 | 3 | $5000 to $10,000 Deductible | 710 | 9 | Stone Siding | yes |
| 1970 | 290,000 | Composition Roof | 1,230 | 3 | $5000 to $10,000 Deductible | 290 | 7 | Brick siding | yes |
| 1987 | 540,000 | Slate Shingles Roof | 2,750 | 5 | $500 Deductible | 160 | 1 | Stucco siding | yes |
| 1999 | 600,000 | Tile Roof | 2,670 | 4 | $500- $1000 Deductible | 1480 | 10 | Brick siding | yes |
| 1993 | 555,000 | Metal Roof | 2,840 | 5 | $2500-$5000 Deductible | 1360 | 10 | Vinyl siding | yes |
| 1985 | 280,000 | Membrane Roof | 1,230 | 2 | $1000-$2500 Deductible | 430 | 7 | Stucco siding | No |
| 1976 | 415,000 | Tile Roof | 1,820 | 3 | $5000 to $10,000 Deductible | 150 | 2 | Stone Siding | No |
| 2014 | 495,000 | Asphalt Shingles Roof | 2,570 | 5 | $5000 to $10,000 Deductible | 90 | 1 | Fiber-Cement Siding | yes |
| 1975 | 285,000 | Tile Roof | 1,100 | 2 | $5000 to $10,000 Deductible | 140 | 3 | Vinyl siding | yes |
| 1986 | 295,000 | Slate Shingles Roof | 1,510 | 3 | $1000-$2500 Deductible | 360 | 7 | Brick siding | yes |
| 2002 | 200,000 | Metal Roof | 940 | 2 | $500 Deductible | 50 | 1 | Stucco siding | yes |
| 1997 | 545,000 | Slate Shingles Roof | 2,180 | 3 | $500 Deductible | 1460 | 10 | Wood siding | No |
| 2014 | 325,000 | Membrane Roof | 1,360 | 3 | $500 Deductible | 900 | 12 | Stone Siding | yes |
| 1975 | 870,000 | Shingles Roof | 4,010 | 5 | $5000 to $10,000 Deductible | 1270 | 10 | Wood siding | yes |
| 2005 | 315,000 | Tile Roof | 1,630 | 2 | $500 Deductible | 380 | 4 | Stucco siding | No |
| 1986 | 370,000 | Wood Shake Roof | 1,670 | 3 | $5000 to $10,000 Deductible | 130 | 2 | Wood siding | yes |
| 2014 | 300,000 | Slate Shingles Roof | 1,610 | 3 | $1000-$2500 Deductible | 230 | 5 | Stone Siding | No |
| 1975 | 430,000 | Wood Shake Roof | 1,670 | 2 | > $10,000 Deductible | 650 | 9 | Fiber-Cement Siding | yes |
| 2011 | 1,230,000 | Asphalt Shingles Roof | 4,680 | 5 | $5000 to $10,000 Deductible | 1450 | 10 | Fiber-Cement Siding | No |
| 2003 | 1,195,000 | Slate Shingles Roof | 4,660 | 5 | $500- $1000 Deductible | 620 | 3 | Fiber-Cement Siding | yes |
| 2008 | 355,000 | Asphalt Shingles Roof | 1,570 | 2 | $2500-$5000 Deductible | 280 | 6 | Stucco siding | No |
| 1978 | 395,000 | Membrane Roof | 1,620 | 3 | $5000 to $10,000 Deductible | 400 | 6 | Stucco siding | No |
| 1983 | 285,000 | Slate Shingles Roof | 1,490 | 2 | $5000 to $10,000 Deductible | 50 | 1 | Brick siding | No |
| 2012 | 270,000 | Composition Roof | 1,380 | 3 | $2500-$5000 Deductible | 290 | 6 | Stucco siding | yes |
| 1976 | 660,000 | Shingles Roof | 3,240 | 4 | $500 Deductible | 1530 | 7 | Brick siding | No |
| 1999 | 415,000 | Composition Roof | 1,790 | 3 | $2500-$5000 Deductible | 480 | 5 | Wood siding | No |
| 2002 | 335,000 | Tile Roof | 1,620 | 2 | $1000-$2500 Deductible | 600 | 12 | Vinyl siding | No |
| 1999 | 550,000 | Asphalt Shingles Roof | 2,160 | 4 | > $10,000 Deductible | 290 | 3 | Fiber-Cement Siding | yes |
| 2006 | 570,000 | Wood Shake Roof | 2,170 | 4 | $500 Deductible | 1460 | 9 | Stone Siding | yes |
| 1993 | 695,000 | Tile Roof | 3,730 | 5 | $500 Deductible | 890 | 5 | Stone Siding | yes |
| 2011 | 335,000 | Asphalt Shingles Roof | 1,340 | 2 | > $10,000 Deductible | 50 | 1 | Vinyl siding | No |
| 2002 | 345,000 | Asphalt Shingles Roof | 1,590 | 3 | $500 Deductible | 80 | 1 | Fiber-Cement Siding | No |
| 2006 | 300,000 | Membrane Roof | 1,600 | 3 | $500- $1000 Deductible | 690 | 10 | Stucco siding | yes |
Latest Home Insurance Reviews
ProgressiveI haven't had a great deal of experience with the customer service, however setting up our policy was easy. I like how straight forward Progressive is.
State FarmI would highly recommend Statefarm, their policies, deductables, and customer service skills are out of this world. I am completely satisfied with the level of service I have recieved.
Farmer's InsuranceWe would definitly recommend Farmers insurance.The service departments are always friendly and our agent is great.The stories i hear from others with different carriers about getting hassled through claims.
State FarmI am pretty satisfied with my insurance company, but I'm not sure I would actually recommend them to anyone.
State FarmI should recommend this company for home insurance. State Farm homeowners insurance policy covers losses caused by fire or lightning, theft, freezing of your plumbing system.
State FarmI'd recommend State farm to people if they're looking for a good insurance company that offers fair premiums and decent service. I can log in online and see all my details.Overall I've had a good experience.
Liberty MutualI was offered a few rate comparisons for premium and deductible from my mortgage lender when buying this home and selecting this home policy - I thought it looked like my company offered a competitive premium and deductible.
AllstateI think that All State is a great insurance company, it offers great rates and services. I would highly recommend it I think that All State is a great insurance company, it offers great rates and services. I would highly recommend it
State FarmI would recommend them. They responded promptly to people who DID lose homes in our county with past wildfires, and they were on the ground while the buildings were still on fine, en masse.
American Family InsuranceI would recommend it beause so far it has been fine and why change what is good
State FarmI have yet to need services from a home insurance company. I'm considering getting one after the series of hurricanes the last few years, but I'm unsure how to proceed as a renter.
Safeco InsuranceLAST YEAR WE BUILDED A HOUSE WITH HELP OF INSURANCE COMPANY THEY HELP LOT TO US AND THEY TREATED IN GOOD MANNERR
NationwideWe have a very basic home owners policy. It covers property damage from various accidents and natural disasters as well as covering many of our personal belongings.
Progressivei think that is a good one but i know that they have upgrades but are expensive.
State FarmI feel like my insurance company offers more coverage than a lot of the other leading insurance companies available on the market. My insurance company is one of the leading companies available.
NationwideMy house flooded two years ago and the customer service was great, I was on the phone many times a week with them during the process.
Farmer's InsuranceWe were very pleasantly surprised at the efficiency and speed of this company in attending to all of the little details around making a claim and collecting what is rightfully ours.
State FarmThey call me up once a year to make sure that i have the coverage that i need and they make recommendations based on my current coverage if they feel that i might need a little more or if there have been policy changes or possibly clauses that have been removed. i also really like that i can just call up my local office if i need to make a claim. i don't need to call a call center and get transferred around or have to press one for this or press two for that. we also get discounts on our other insurance policies because we have them all in the same place, home and auto
GeicoI like that they are friendly and helpful and seem to care about your concerns. I don't have to go through the hassle when I need to call them about something
American FamilyThe customer service has been exceptional and helpful in every situation.
State FarmWe haven't been disappointed yet. We haven't had any bad runnings. Every time we've dealt with an agent it has been great.
ProgressiveI am very pleased with the premium because for the coverage amount that is a good rate. I had been shopping primarily for new car insurance but knew I would switch everything. I liked the people and the discounts provided were great too.
Amica Mutual Insurancemy home insurance company is Amica friendly and motivated compare to other and they gave me best solutions for me .