Tacoma ,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 Tacoma, 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 Tacoma, WA is $1269. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Tacoma, WA. VHome Insurance will help you navigate the world of homeowners insurance coverages in Tacoma, WA.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $508 |
| $200,000 | $863 |
| $300,000 | $1,066 |
| $400,000 | $1,624 |
| $500,000 | $2,043 |
Home insurance costs in Tacoma 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 |
|---|---|
| 098403 | $1,267 |
| 98422 | $1,240 |
| 98467 | $1,229 |
| 98407 | $1,239 |
| 98465 | $1,218 |
| 98402 | $1,224 |
| 98406 | $1,227 |
| 98443 | $1,212 |
| 98405 | $1,202 |
| 98408 | $1,185 |
| 98404 | $1,184 |
| 98409 | $1,180 |
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 Tacoma, WA, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,301 |
| $1000 Deductible | $1,164 |
| $1500 Deductible | $1,098 |
| $2500 Deductible | $990 |
| $5000 Deductible | $838 |
| Home Insurance Company Near Tacoma, WA | Homeowners Insurance Agency Near Tacoma, WA | Address |
|---|---|---|
| Travelers | All Pro Risk Management Inc | 3047 78TH AVE SE STE 202, MERCER ISLAND, WA, 98040 |
| Farmers | Darren Balmores | 15 S Grady Way Ste 110, Renton, WA, 98057 |
| Travelers | Superior Underwriters Inc A Div Of Groninger | 2027 152ND AVE NE, REDMOND, WA, 98052 |
| Liberty Mutual Independent | Trc Insurance | 12015 115TH AVE NE STE 240, KIRKLAND, WA, 98034 |
| State Farm | Tyler Mcclung | 2022 Meridian Ave E, Edgewood, WA, 98371-1018 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Midland CDP, Washington | $88 | $117 | $176 |
| Fircrest city, Washington | $92 | $122 | $183 |
| Waller CDP, Washington | $90 | $120 | $180 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Tacoma, WA | 2.8% | 9.4% |
| Midland | 3.16% | 10.26% |
| Fircrest | 2.62% | 8.84% |
| Waller | 2.58% | 8.97% |
| 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 |
| Streets in Tacoma Area | Homeowners Insurance Cost |
|---|---|
| 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 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Tacoma | $89 to $91 |
| Midland | $87 |
| Fircrest | $91 |
| Waller | $90 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,200 | $3,200 |
| Yearly Tacoma Homeowner Insurance Premium Example | $1,400 | $900 |
| Out of Pocket Expense During Claim | $1,200 | $3,200 |
| Total Home Insurance Premium for 6 years + Out of Pocket Expense for Claim | $9,600 | $8,600 |
| Net Savings to Tacoma Home Owner from High Deductible Plan | $1,000 | |
| Scenario | Tacoma, WA Home Replacement Value MORE than Home Value | Tacoma, WA Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $225,500 | $157,000 |
| Insurance Premium based on Replacement Value | $800 | $550 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $44,500 | Risk Exposure from Under Insuring Coverage is $24,000 |
| Premium Impact | Insurance cheaper by $100/year | Insurance costlier by $150/year |
| Insurance Company | Chubb Group of Insurance | State Farm | Amica Mutual Insurance Company |
| Monthly Premium | 43 | 29 | 28 |
| Year Built | 1992 | 1972 | 2013 |
| Home Details | 3 Beds, 1 Baths | 5 Beds, 4 Baths | 2 Beds, 1 Baths |
| Coverage Amount | $175000-$200000 | $150000-$175000 | $175000-$200000 |
| Deductible | $1000-$2500 Deductible | $2500-$5000 Deductible | $2500-$5000 Deductible |