Who Has Cheap Car Insurance for Homeowners in Washington?

The words “economical” and “insurance” really shouldn’t be used together, in particular when shopping around for the lowest insurance prices for homeowners. In an attempt to save some money, let’s start the ball rolling by going over a few of the factors that help determine car insurance rates, and find a few ways to take a little off the next policy you buy.

When shopping for cheaper auto insurance for people who own their homes, one of the many criteria that auto insurance companies use to determine the price of your policy is where you keep your vehicle in Washington. Areas with more people or higher crime rates like Lakewood, Federal Way, and Seattle tend to have more expensive auto insurance rates, whereas areas with lower vehicle theft rates and fewer weather claims benefit from lower rates.

The next table displays the most expensive places in Washington for homeowners to buy auto insurance in.

Rate quotes are approximated as specific Washington garaging address can alter premium rates substantially.

Determining which company has the cheapest car insurance rates for homeowners will require a tad more effort in order to find the best policy.

Every insurance provider has their own guidelines to determine rates, so we will examine the lowest cost car insurance companies in Washington. We do need to point out that Washington car insurance rates are influenced by many factors that can increase the policy price. Simply improving your credit, marrying your spouse, or getting a speeding ticket may prompt premium changes that may make certain companies cheaper than competitors.

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Capital generally has some of the best car insurance rates in Washington at around $754 each year. Grange, Nationwide, Travelers, and PEMCO also rank well as some of the most economical Washington insurance companies.

As shown in the rates above, if you have coverage with Travelers and switched to Capital, you could realize annual savings of roughly $244. Drivers with PEMCO could save as much as $250 a year, and Mutual Enumclaw policyholders might see rate reductions of $269 a year.

To see if your current coverage is too expensive, click here to get quotes or quote prices from the following companies.

Bear in mind that those policy rates are averages across all drivers and vehicles in Washington and do not take into consideration a price decrease for homeowners. So the auto insurance company that can offer the best rates for your situation may not even be featured in the list above. That underscores the importance of why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.

The vehicle model you are seeking coverage for is one of the main factors when looking for the best insurance for homeowners. Vehicles with more horsepower, a lack of advanced safety features, or a history of substantial liability claims will cost significantly more to insure than more modest models.

The list below presents car insurance prices for the most economical automobiles to insure in Washington.

Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Washington minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Rates do not factor in zip code location which can decrease or increase auto insurance rates noticeably.

Looking at the numbers, you can see that cars like the Honda CR-V, Jeep Wrangler, and Ford Escape should be some of the cheaper vehicles to insure for people who own their homes.

The diagram below illustrates how your choice of deductibles can increase or decrease insurance costs when trying to find cheap insurance for homeowners. The data is based on a single male driver, comp and collision included, and no discounts are applied to the premium.

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The data above shows that a 40-year-old driver could lower rates by $242 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $366 by using a $1,000 deductible. Even younger insureds, like the Age 20 chart data, have the ability to save as much as $796 or more just by choosing higher deductibles when buying full coverage. When raising deductibles, it will now be necessary to have plenty of money set aside to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.