Spokane ,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 Spokane, 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 Spokane, WA is $1242. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Spokane, WA. VHome Insurance will help you navigate the world of homeowners insurance coverages in Spokane, WA.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $497 |
| $200,000 | $845 |
| $300,000 | $1,043 |
| $400,000 | $1,590 |
| $500,000 | $2,000 |
Home insurance costs in Spokane 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 |
|---|---|
| 099223 | $1,201 |
| 99203 | $1,203 |
| 99224 | $1,194 |
| 99218 | $1,193 |
| 99208 | $1,190 |
| 99204 | $1,185 |
| 99206 | $1,184 |
| 99216 | $1,173 |
| 99217 | $1,168 |
| 99212 | $1,165 |
| 99205 | $1,159 |
| 99201 | $1,149 |
| 99202 | $1,153 |
| 99207 | $1,147 |
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 Spokane, WA, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,273 |
| $1000 Deductible | $1,139 |
| $1500 Deductible | $1,074 |
| $2500 Deductible | $969 |
| $5000 Deductible | $820 |
| Home Insurance Company Near Spokane, WA | Homeowners Insurance Agency Near Spokane, WA | Address |
|---|---|---|
| Travelers | Haddock Company Inc | 1311 NORTHWOOD CENTER CT, COEUR DALENE, ID, 83814 |
| State Farm | Jeri Mainer | 3007 N Argonne Rd, Spokane Vly, WA, 99212-2141 |
| NA | Insurance Shoppe | 755 N Regal St Post Falls, Post Falls, ID, 83854 |
| Travelers | Bell Anderson Agency Inc | 6519 N MAPLE ST STE B, SPOKANE, WA, 99208 |
| Travelers | Capital Insurance | 1112 S. Pines Rd. Spokane Valley, Spokane Valley, WA, 99206 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Spokane County, Washington | $88 | $117 | $176 |
| Millwood city, Washington | $87 | $116 | $174 |
| Town and Country CDP, Washington | $87 | $116 | $174 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Spokane, WA | 3.6% | 11.5% |
| Spokane County | 3.5% | 11.36% |
| Millwood | 4.0% | 12.72% |
| Town and Country | 3.68% | 13.02% |
| Spokane Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 831 | 1.0% | $353 |
| $200 to $299 | 1,798 | 3.0% | $803 |
| $300 to $499 | 6,225 | 11.0% | $1253 |
| $500 to $749 | 19,809 | 35.0% | $1928 |
| $750 to $999 | 15,021 | 26.0% | $2678 |
| $1,000 to $1,499 | 9,990 | 17.0% | $3803 |
| $1,500 or more | 2,712 | 4.0% | $5453 |
| Streets in Spokane Area | Homeowners Insurance Cost |
|---|---|
| W Sunset Blvd, W Mallon Ave, S Alder Dr, N Oberlin Rd, W Upton Ave, N College Rd, E Montgomery Dr, E Orchid Ave, N Wilding Dr, W Brookfield Ct | $577 |
| E Salisbury Ln, N Lynwood St, N Sipple Rd, N Arc St, Bella Vista Ln, S Ranch Park Ln, E Sumner Ave, E 64th Ave, E Dean Ave, S Bluff Rd | $609 |
| S Mamer Rd, W Houston Rd, N Cambridge Dr, N Byrd St, N Espe Rd, S Dickinson Dr, W Millbury Dr, E Galaxy Ln, W Gardner Ave, S Morrill Ct | $565 |
| S Godfrey Blvd, West Carolina Way, E Hula Ct, W Decatur Ave, S Cheryl Ct, N Potomac Ln, S Glenrose Frontage Rd, W Falcon Ave, N Elgin St, E Girard Ct | $578 |
| N Pine Ct, W Lincoln Pl, W Hoerner Ave, W Jefferson Ct, E 56th Ave, W 20th Ave, N Julia St, E Saltese Rd, S Kaniksu Ct, E Diana Ct | $612 |
| E Greta Ave, W Christi Dr, N Upriver Dr, E Mohawk Dr, E Angela Ct, E Radco Ave, S Johnson St, E 20th Ct, S Bella Vista Dr, Fowler Rd | $610 |
| S Oak St, W Dogwood Ave, N Steen Ln, E Mead St, S Gillis Rd, S Ben Garnett Way, N Yale Ct, E View Ridge Ln, W Spokane Falls Blvd, W Wedgewood Ave | $613 |
| S Old Shafer Ln, N Coach Ct, W Horizon Ave, W Sussex Ct, S Thor Ct, Decatur Ave, N E St, S Soda Rd, S Beige Ln, N Sherwood St | $585 |
| W Elliot Dr, W Crown Ave, S Canyon Woods Ln, S Sunnybrook Rd, S Progress Ct, E 58th Ln, S Vicari Rd, E Cambridge Ln, N Mayhew Rd, N Morrill Rd | $609 |
| E Woodcliff Rd, E Sunflower Ln, S Adams Rd, N Van Marter Rd, W Maxine Ave, S Park Rd, N Morrow Ct, S Pine St, N Whipple Ct, W Princeton Ave | $575 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Spokane | $87 to $89 |
| Spokane County | $87 |
| Country Homes | $88 |
| Spokane South | $91 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $800 | $1,800 |
| Yearly Spokane Homeowner Insurance Premium Example | $800 | $600 |
| Out of Pocket Expense During Claim | $800 | $1,800 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $7,200 | $6,600 |
| Net Savings to Spokane Home Owner from High Deductible Plan | $600 | |
| Scenario | Spokane, WA Home Replacement Value MORE than Home Value | Spokane, WA Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $242,000 | $152,000 |
| Insurance Premium based on Replacement Value | $725 | $450 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $35,500 | Risk Exposure from Under Insuring Coverage is $54,500 |
| Premium Impact | Insurance cheaper by $175/year | Insurance costlier by $100/year |
| Insurance Company | Allstate | Farmers Insurance | State Farm |
| Monthly Premium | 32 | 29 | 50 |
| Year Built | 1988 | 2009 | 2014 |
| Home Details | 5 Beds, 1 Baths | 2 Beds, 1 Baths | 4 Beds, 1 Baths |
| Coverage Amount | $200000-$250000 | $125000-$150000 | $175000-$200000 |
| Deductible | $5000 to $10,000 Deductible | $2500-$5000 Deductible | $500 Deductible |