Mario Cazombo

We’ve reached another important part of earnings season, though markets remain captivated by the president, the Fed, and interest rate policy.

Money’s picks for the best homeowners insurance in Washington State all offer standout coverage. Our list draws from our analysis for the national ranking of the best homeowners insurance providers. Below, we’ve also included other information to help you insure a home in the Evergreen State, including coverage that is especially important to Washington homeowners. Key takeaways about owning and insuring a home in Washington It’s easier, on average, to afford to buy a home in Washington than California or even Oregon, and some ownership costs in the state are comparatively low. Still, high home prices make Washington a challenging state in which to buy property. Here are the numbers for home buying and ownership in Washington: The average home in Washington is worth $606,025, according to real estate experts Zillow. But values vary enormously by city. Seattle homes are worth an average of $863,432, for example, while those in Spokane are valued at $405,051. On the whole, Washington has moderate property taxes. According to Quicken Loans, the average property tax rate in the state is 0.76%. Despite the state’s substantial housing prices, then, the average annual tax bill for a Washington home is $1,895. Compared with other states, Washington is quite favorable when it comes to affording homeowners insurance. The average policyholder in the state devotes 1.0% of their income to insuring their property, according to Freddie Mac. That compares with the 2% or more that homeowners in Texas, Florida, Missouri and other states must devote to paying their homeowners insurance bills. How we chose our top picks Money vetted 15 companies after conducting 1,000+ hours of research based on more than 20 data points. Money’s picks for the best homeowners insurance companies in Washington all offer standout coverage and closely mirror the selections in our national ranking of the best homeowners insurance providers. For more on how we select picks, see the methodology below. Our top picks for best homeowners insurance in Washington Here, listed alphabetically, are the top five homeowners insurers in Washington. All offer standout coverage and are included in our national ranking of the best homeowners insurance. AIG Amica Chubb State Farm USAA HIGHLIGHTS Financial rating: A (Excellent) on AM Best Discounts: Undisclosed Bundling options: Undisclosed AIG is known as a luxury insurer that provides comprehensive coverage, from dwelling to cybersecurity insurance, for high-value properties worth up to $100 million. The company scores well above average for customer satisfaction in the J.D. Power U.S. Home Insurance Study. AIG offers guaranteed replacement cost (without any limits, according to the company) for homes valued from $750,000 all the way up to $100 million on an “all-risk” basis — meaning its policy covers all perils except the few specifically excluded. It also offers the option of ultra-high deductibles (up to $100,000). While these could help significantly lower your premium, you’ll of course have to be ready to pay a lot more out of pocket in case of a catastrophic claim. In addition to standard coverage, AIG offers services such as: kidnap, ransom and extortion coverage, landscaping coverage, multinational property coverage and business property coverage. Read our full review of AIG Homeowners Insurance. HIGHLIGHTS Financial rating: A+ (Superior) on AM Best Discounts: Bundling, loyalty, claim-free, autopay, electronic bill, alarm system, detection devices Bundling options: Auto, renters, life, umbrella Amica is known for top-notch service. The company scores well above average for customer satisfaction in the J.D. Power U.S. Home Insurance Study. Nationally, it has fewer complaints lodged with the NAIC than would be expected for an insurer of its size. Another standout aspect of the company when it comes to homeowners insurance is its Contractor Connection database. The resource lists thousands of vetted, licensed and insured contractors and guarantees their work with a five-year warranty. However, Amica rarely offers the cheapest homeowners insurance in price comparisons. This, then, is an insurer best suited to those who value top-of-the-line customer service over cost savings. Read our full review of Amica Homeowners Insurance. HIGHLIGHTS Financial rating: Superior (A++) on AM Best Discounts: Security and safety systems, new or renovated home, gated community, loyalty, claim-free, autopay, electronic bill, alarm system and more. Bundling options: Auto, renters, life, and umbrella Chubb scored well above average for customer satisfaction in the latest J.D. Power U.S. Home Insurance Study, as it customarily does. Also, the insurer’s Masterpiece policy offers unique benefits beyond the standard homeowners insurance policy, such as risk consulting services, coverage against hijacking, home invasions and more. A standout benefit is that policyholders can opt to get a cash settlement up to the policy’s limit if, after damages, they choose not to rebuild the property or opt to rebuild someplace else. Chubb’s also sells private flood insurance, and its policies offer maximum coverage of $15 million, which is notably high even for a private insurer. (By comparison, the federal NFIP program has a $250,000 maximum.) These rare benefits come at a cost. Chubb is widely regarded as one of the most expensive home insurers on the market. If its rates fit your budget, though, it’s an excellent choice. In addition to its consistently fine showings in J.D. Power surveys, the insurer has one of the lowest NAIC complaint indexes of all the insurers we reviewed. HIGHLIGHTS Financial rating: A++ (Superior) on A.M. Best Discounts: Bundling, home security systems, resistant roofing Bundling options: Auto, renters, life State Farm is the largest home insurance company in the United States and offers a wide variety of policies, from life to auto to condo. This range provides ample opportunities for customers to bundle policies in various ways to to earn discounts and simplify paying their insurance bills. One reality to State Farm, though, is that the company only works through captive agents. Its agent network is extensive in size, with local representatives in more than 100 communities in Washington. HIGHLIGHTS Financial rating: A++ (Superior) on AM Best Discounts: Bundling, protection devices, detection devices, multi-product (bundling with auto earns 10% discount, additional policies earn 5% discount), loyalty,