Best homeowners insurance in Spokane, WA (2024)

We looked at average costs, customer service ratings, and policy options from multiple top insurers to find the best and cheapest home insurance companies in Spokane.

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By

Andrew HurstSenior Editor & Licensed Insurance ExpertAndrew Hurst is a former senior editor at Policygenius who has spent his entire career writing about life, disability, home, auto, and health insurance. His work has been featured in The New York Times, The Wall Street Journal, the Washington Post, Forbes, USA Today, NPR, Mic, Insurance Business Magazine, and Property Casualty 360.

Edited by

Jennifer GimbelJennifer GimbelSenior Managing Editor & Home Insurance ExpertJennifer Gimbel is a senior managing editor at Policygenius, where she oversees all of our insurance coverage. Previously, she was the managing editor at Finder.com and a content strategist at Babble.com.
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Reviewed by

Britta M. MossBritta M. MossProperty & casualty claim consultant and expert witnessBritta M. Moss, CPCU, SCLA, AIC-M, has over 25 years of insurance industry experience. In her work as a property and casualty claim consultant, she provides consultation and expert witness services in claim handling standards, practices, and norms.  She has been retained by law firms representing plaintiffs and those representing insurer defendants involved in disputes or litigation regarding coverage analysis, investigation, liability determination, damage evaluation, negotiation and settlement.  She is a graduate of The Ohio State University. 

Updated|5 min read

Expert reviewedExpert reviewedThis article has been reviewed by a member of ourFinancial Review Council to ensure all sources, statistics, and claims meet the highest standard for accurate and unbiased advice.Learn more about oureditorial review process.

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The median home value in Spokane is $411,211 — a 28% increase over the previous year, making it one of the hottest housing markets in the U.S. Residents will need to take this into consideration when setting up their homeowners insurance policy.

The average cost of homeowners insurance in Spokane is $1,176 per year or $98 a month. This is just 1% more expensive than the Washington state average.

Ready to shop home insurance?

Compare the best cheap homeowners insurance companies in Spokane

To find the best cheap homeowners insurance in Spokane, Policygenius rated over a dozen of the largest insurance companies in Washington across several categories, such as average policy cost, financial strength ratings with AM Best, customer and claims satisfaction scores with J.D. Power, available policy options, and more.

We found that State Farm is the best homeowners insurance company in Spokane.

Company

Average monthly cost

Policygenius rating

State Farm

$198

4.8 out of 5

Farmers

$110

4.5 out of 5

Nationwide

$100

4.5 out of 5

Allstate

$45

4.4 out of 5

Methodology & why you can trust our rates

Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:

  • Dwelling: $300,000

  • Other structures: $30,000

  • Personal property: $150,000

  • Loss of use: $60,000

  • Liability: $300,000

  • Medical: $1,000

All rates based on the above coverage limits except where otherwise noted.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.

Ready to shop home insurance?

Best overall home insurance in Spokane: State Farm

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2024 Policygenius award winner

State Farm

State Farm logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.8

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A++

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Offers extended replacement cost

Offers flood insurance

Offers earthquake insurance

Wind/hail deductible

Offers wildfire insurance

Why we chose itchevron icon

State Farm is the best home insurance company in Spokane thanks to its large selection of policy options, high customer service marks, and industry-best financial stability ratings.

Pros and conschevron icon

Pros

  • Top-tier coverage add-ons, including extended replacement cost coverage

  • High customer satisfaction and financial strength ratings

  • Offers large discounts when you bundle your home and auto insurance

Cons

  • No discounts for first-time homebuyers

  • Rates are more expensive than average

More detailschevron icon

Why we chose State Farm

State Farm is our pick for the best home insurance company in Spokane. We like that State Farm lets homeowners get extended replacement cost coverage for their homes, replacement cost coverage for their personal property, water backup protection, and more.

State Farm's customer service is highly rated, too. The company has received high ratings from policyholders, according to J.D. Power’s 2022 customer satisfaction, claims, and digital experience surveys. It has also received the highest rating possible from A.M. Best for financial strength and stability.

One negative is that State Farm's rates are more expensive than average. The company doesn't offer as many discounts as other insurers either, but if you're planning to bundle home and auto insurance with State Farm, you may receive a large discount.

How do State Farm home insurance rates compare to the Spokane average?

The average cost of home insurance from State Farm in Spokane is $2,381 per year, which is more than double the cost of average.

How to get a quote

Online through State Farm or by contacting your local State Farm agent.

Best home insurance for coverage options: Farmers

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2024 Policygenius award winner

Farmers

Farmers Insurance logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Offers extended replacement cost

Bundle home & auto

Smart home discounts

Why we chose itchevron icon

Farmers is the best home insurance company in Spokane for homeowners who want to add more coverage to a basic policy. Besides its range of coverage add-ons, Farmers also has a large bundling discount, other discounts, and high claims satisfaction scores.

Pros and conschevron icon

Pros

  • Optional extended or guaranteed replacement cost dwelling coverage

  • Receives few complaints from policyholders and has a high claims satisfaction score

  • Offers an 18% discount for bundling home and auto insurance

Cons

  • Below-average scores on J.D. Power’s overall customer satisfaction and digital experience surveys

  • Higher rates than average in Spokane

More detailschevron icon

Why we chose Farmers

Farmers is the best homeowners insurance company in Spokane for those who want to maximize their home insurance protection. Farmers has a range of coverages you can add to a basic policy, like guaranteed or extended replacement cost coverage, water backup protection, and a personal articles floater.

You can also bundle your home insurance with another policy and receive a sizable discount. Farmers offers an 18% discount for bundlers. Besides this bundling discount, Farmers offers homeowners more than one dozen other discounts.

Farmers also earned a high score in J.D. Power’s 2022 claims satisfaction study (though it was below-average on J.D. Power’s overall customer satisfaction and digital experience surveys). Plus, Farmers receives fewer complaints than average, according to the National Association of Insurance Commissioners.

How do Farmers home insurance rates compare to the average in Spokane?

The average cost of Farmers home insurance in Spokane is $1,321 per year, which is just 12% more expensive than the average annual premium in the city.

How to get a quote

Online through Farmers

Best home insurance for customer service: Nationwide

award icon

2024 Policygenius award winner

Nationwide

Nationwide logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Mobile app

New homebuyer discount

Offers extended replacement cost

Why we chose itchevron icon

Nationwide is the best homeowners insurance company in Spokane for people who want highly rated customer service. Besides a top customer experience, Nationwide also offers a range of coverage add-ons that you can use to personalize your coverage.

Pros and conschevron icon

Pros

  • Highly rated for claims satisfaction by J.D. Power

  • Receives fewer complaints than average

  • Multiple high-quality coverage options

Cons

  • Below-average customer satisfaction and digital experience ratings

  • Rates are about average in Spokane

More detailschevron icon

Why we chose Nationwide

Nationwide is the best homeowners insurance company in Spokane for those who want excellent customer service. Nationwide ranks fifth on J.D. Power's Property Claims Satisfaction Study from 2022. The company also receives far fewer complaints than other insurers, according to the National Association of Insurance Commissioners.

We also like that you can choose from Nationwide's large selection of coverage options. These include guaranteed and extended replacement cost coverages, better roof replacement, new belongings coverage, water backup protection, and equipment breakdown coverage.

Although we found that Nationwide's rates are slightly more expensive than average in Spokane, you might be able to lower your premiums with the company's discounts. These include discounts for bundling, renovating your home, buying a new home, and others.

How do Nationwide home insurance rates compare to the Spokane average?

The average cost of Nationwide home insurance in Spokane is $1,205 per year, which is 2% more expensive than the annual citywide average.

How to get a quote

Online through Policygenius or Nationwide

Best home insurance for cheap rates: Allstate

award icon

2024 Policygenius award winner

Allstate

Allstate logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Smart home discounts

Why we chose itchevron icon

If you're looking for a company with cheap average rates, Allstate is the best homeowners insurance company in Spokane for you. Besides cheap rates, Allstate also has a few coverages that you can add to a policy, including a short-term rental endorsement.

Pros and conschevron icon

Pros

  • Rates are much cheaper than average

  • Extensive list of discounts and policy features to lower your bill and out-of-pocket costs

  • A+ credit rating with A.M. Best

Cons

  • Beginning to pull back coverage in high-risk areas

  • Customer experience scores with J.D. Power are below the segment average

More detailschevron icon

Why we chose Allstate

Allstate is the best home insurance company in Spokane for homeowners who want cheap rates.

Allstate's rates are half of the citywide average. The company also offers a few discounts that will be easy for many people to qualify for, including discounts for setting up automatic payments, bundling policies, and signing up for coverage before your current policy ends.

You can also add a few types of home insurance to a basic Allstate policy, including water backup protection, scheduled personal property coverage, and HostAdvantage, Allstate's short-term rental endorsement.

How do Allstate home insurance rates compare to the Spokane average?

The average annual cost of an Allstate home insurance policy in Spokane is $542 per year, which is 54% cheaper than the citywide average.

How to get a quote

Online through Policygenius or Allstate, or by contacting a local Allstate agent.

How much is homeowners insurance in Spokane?

The average cost of homeowners insurance in Spokane is $1,176 per year, or $98 a month, for an insurance policy with $300,000 in dwelling coverage. This means insurance in Spokane costs about the same as Washington's statewide average and is 33% cheaper than the national average.

Spokane home insurance rates by ZIP code

To help you find out how much home insurance costs where you live, we calculated average home insurance rates by ZIP code in Spokane.

ZIP code

Average annual cost

Difference from state average (%)

99208

$1,199

3%

99205

$1,216

5%

99223

$1,114

-4%

99207

$1,138

-2%

99224

$1,163

0%

99203

$1,217

5%

99202

$1,131

-2%

99217

$1,204

4%

99201

$1,217

5%

99204

$1,230

6%

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Cheapest ZIP codes for home insurance in Spokane

We found that the cheapest home insurance in the entire city of Spokane can be found in the 99258 ZIP code. The average cost of homeowners insurance here is $1,100 per year, which is 5% cheaper than average in the state of Washington.

ZIP code

Average annual cost

Difference from state average (%)

99258

$1,100

-5%

99223

$1,114

-4%

99202

$1,131

-2%

99207

$1,138

-2%

99224

$1,163

0%

99251

$1,163

0%

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Most expensive areas for homeowners insurance in Spokane

We found that the most expensive homeowners insurance in Spokane can be found in the 99204 ZIP code. On average, the cost of homeowners insurance here is $1,230 per year, just 6% higher than the statewide average.

Learn more >> Home insurance rates by ZIP code

Spokane home insurance costs by coverage amount

Your policy's dwelling coverage covers the cost to repair or rebuild your home after a covered loss. Your dwelling coverage limit should be equal to your home’s replacement cost, the amount it would take to rebuild your house from the ground up — not its market value or purchase price. 

Be aware, more dwelling coverage generally means higher home insurance rates. In Spokane, a policy with $100,000 in coverage has an average cost of $595 per year, while a policy with $500,000 in coverage has an average yearly cost of $1,842.

Dwelling coverage limit

Average annual cost

$100,000

$595

$200,000

$871

$300,000

$1,176

$400,000

$1,512

$500,000

$1,842

Spokane home insurance costs by deductible amount

Your homeowners insurance deductible is what you pay on your claim before your insurance covers the rest. It might seem like a good idea to choose a low deductible to save money on claims, but your monthly or annual premium will be far higher.

We found that homeowners in Spokane can save an average of $493 on home insurance by choosing a $2,000 deductible over the $500 option.

Deductible

Average annual cost

$500

$2,570

$2,000

$2,077

Cheapest homeowners insurance companies in Spokane

We found that the absolute cheapest homeowners insurance companies in Spokane are Allstate, Mutual of Enumclaw, PEMCO, California Casualty, and Grange Insurance. The company with the cheapest rates for you depends on where you live and other factors to do with your home and insurance record.

Company

Average annual cost

Allstate

$542

Mutual of Enumclaw Insurance

$665

PEMCO Insurance

$753

California Casualty

$812

Grange Insurance

$850

Chubb

$879

USAA

$943

Auto-Owners Insurance

$969

Foremost

$1,132

Nationwide

$1,205

Farmers

$1,321

Pure Insurance

$1,392

Country Financial

$2,017

Oregon Mutual

$2,176

State Farm

$2,381

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Cheapest home insurance in Spokane if you have an older home

It can be more expensive to insure older homes since they can be more prone to structural damage than newer homes. They're also often constructed with materials and features that would be more expensive to replace after a claim.

With an average annual premium of $563, Allstate offers the cheapest home insurance rates for an older home in Spokane.

Company

Average annual cost

Allstate

$563

Mutual of Enumclaw Insurance

$700

PEMCO Insurance

$754

Chubb

$794

California Casualty

$820

Auto-Owners Insurance

$918

Grange Insurance

$1,161

Foremost

$1,187

State Farm

$1,192

Nationwide

$1,220

USAA

$1,253

Farmers

$1,321

Pure Insurance

$1,392

Country Financial

$2,139

Oregon Mutual

$2,176

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Cheapest homeowners insurance in Spokane if you have a history of claims

Having a history of claims is one of the most likely reasons why your rates could be expensive. If you have multiple claims on your record, insurers will think you're more likely to file future claims than a homeowner without any past claims.

Mutual of Enumclaw offers the cheapest home insurance rates in Spokane for a homeowner that's filed three claims within a five-year period.

Company

Average annual cost

Mutual of Enumclaw Insurance

$1,093

PEMCO Insurance

$1,150

Allstate

$1,156

Grange Insurance

$1,161

State Farm

$1,254

USAA

$1,369

California Casualty

$1,401

Auto-Owners Insurance

$1,459

Chubb

$1,624

Farmers

$1,713

Pure Insurance

$2,015

Nationwide

$2,312

Foremost

$2,627

Country Financial

$3,375

Oregon Mutual

$4,821

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Coverage options in Spokane

In addition to looking at how much each insurance company charges for different coverage levels and risks, you should also be aware of what your policy does and doesn’t cover.

If you're buying homeowners insurance in Spokane, there are some additional insurance options you may need to consider to protect against floods and earthquakes.

Flood insurance

Homeowners insurance doesn’t cover flooding, so if your property in Spokane is in a FEMA-designated high-risk flood zone, you may have to purchase a separate flood insurance policy.

Most insurers offer flood insurance through the National Flood Insurance Program, while some offer their own private policies. As of 2022, the average cost of flood insurance in the state of Washington is $930, but your rate will depend on where exactly your property is located.

Earthquake insurance

Washington has the second-highest risk of large earthquakes in the country, according to the state's Department of Natural Resources. That said, your homeowners insurance won't cover damage caused by earthquakes or any other earth movements.

While the probability of a severe earthquake impacting your house in Spokane may be fairly low, earthquake insurance may be worth it if your house is made of materials that put it at more risk of collapsing from a quake. 

Some home insurance providers have earthquake coverage as a separate policy add-on, but it's usually a separate policy. The cost of earthquake insurance can be high: potentially thousands of dollars more per year on top of your regular policy.

Learn more >> What is earthquake insurance & is it worth the cost?

How to get homeowners insurance quotes in Spokane

With home values and insurance costs rising quickly in Spokane, it’s important to shop around and compare policies from multiple companies each year to make sure you’re not missing out on better coverage or more affordable rates.

Steps to buying homeowners insurance in Spokane, WA

  1. Reach out to a licensed Policygenius agent. Our team of licensed home insurance experts is at the ready to help you figure out how much coverage you need and what company offers it at the best price — all for free with no impact to your credit score.

  2. Ask about Citizen’s insurance — Washington’s FAIR Plan provider. If you live in an area of Spokane with a high crime rate or inclement weather, or you’re simply struggling to find coverage through a traditional company, you may need last-resort home insurance via a Washington FAIR Plan. Ask your Policygenius agent about whether a policy through Washington’s FAIR Plan makes sense for you.

  3. Consider purchasing flood insurance. Since standard home insurance policies don’t cover flooding, you’ll want to add flood coverage or purchase a separate flood insurance policy to make sure you’re fully protected. A Policygenius agent can help you do this, too.

  4. Figure out how high of a deductible you can afford. A higher deductible means lower home insurance premiums, but it also means you’ll have to pay more out of pocket if your home is damaged or burglarized.  

  5. Compare quotes from a Policygenius agent. Once you’ve nailed down your coverage needs, limits, and deductibles, a Policygenius agent will walk you through quotes from a few different companies to help you find the best policy for your needs.

  6. Sign the policy and pay your first premium. After you’ve chosen the policy you want, the only thing left to do is sign on the dotted line and pay your first premium. Your Policygenius agent will take care of the rest, including canceling your old policy.

Ready to shop home insurance?

Frequently asked questions

How much is homeowners insurance in Spokane, WA?

The average cost of homeowners insurance in Spokane, Washington is $98 per month, or $1,176 per year.

What are the 3 basic levels of coverage that exist for homeowners insurance?

The three basic levels of home insurance coverage are actual cash value, replacement cost, and extended or guaranteed replacement cost. If you have an actual cash value policy, your insurance company will only reimburse you for the depreciated value of your property when you file a claim; if you have a replacement cost policy, your insurance company will reimburse you for the value of property of similar type and quality, without deducting depreciation; if you have extended or guaranteed replacement cost coverage, your insurance company will reimburse you for the replacement cost of whatever was damaged, even if it’s higher than the coverage limits in your policy.

Is homeowners insurance required in Washington state?

You’re not legally required to purchase homeowners insurance in Washington state or anywhere else in the country, but most mortgage lenders will require you to purchase a policy before they’ll extend you a home loan. This is because they have a financial investment in the property until you pay off your mortgage, so they want to ensure it’s fully protected.

Author

Andrew Hurst is a former senior editor at Policygenius who has spent his entire career writing about life, disability, home, auto, and health insurance. His work has been featured in The New York Times, The Wall Street Journal, the Washington Post, Forbes, USA Today, NPR, Mic, Insurance Business Magazine, and Property Casualty 360.

Editor

Jennifer Gimbel is a senior managing editor at Policygenius, where she oversees all of our insurance coverage. Previously, she was the managing editor at Finder.com and a content strategist at Babble.com.

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