Washington home insurance

Every figure below is sourced and dated. Estimates only — not quotes, and not offers of coverage.

Washington at a glance

Average premium
$1,633/ yr
At $300,000 of dwelling coverage.
Standard deductible
$1,000
Applies to everyday claims.
Storm deductible
No separate wind, hail, or hurricane deductible is standard in Washington — the deductible above applies to storm damage too.
Insurer of last resort
Washington FAIR Plan Association
Washington's insurer of last resort, established in 1968 under Chapter 284-19 WAC and operating as a joint reinsurance association that every property insurer licensed in Washington must belong to. It takes no taxpayer funding and is overseen by the Office of the Insurance Commissioner. Critically, it is NOT a homeowners policy: it writes basic fire and lightning coverage on dwellings and commercial buildings, with wind, hail, explosion, riot, aircraft, vehicle and smoke perils available as an Extended Coverage add-on and vandalism as a further option. Liability, theft, water damage and flood are excluded outright, and policies are written exclusively on an actual cash value basis - replacement cost is not available, so depreciation comes out of every claim payment. Coverage is capped at $1.5 million per location and is available anywhere in the state provided the property is occupied and reasonably maintained. Wildfire is paid as a fire loss under ordinary fire-policy terms. Usage remains very small - roughly 306 habitational policies in force as of May 2026, plateauing near 400 over the preceding three quarters - which is the honest signal here: Washington's admitted market is still writing most risks, and the FAIR plan is a bridge rather than a destination. Whether the Spokane fire moves that number is being watched by state officials but is not yet in the data.

Last updated 2026-08-28. How we source every figure