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Home Insurance Costs in Spokane, Washington

Spokane, located in eastern Washington, has lower home insurance premiums compared to Seattle, but is still influenced by factors such as weather, wildfire risk, and property crime. The average cost for home insurance in Spokane is $1,280 per year, which is below the national average of $1,428. Local risks such as harsh winters and wildfires contribute to home insurance premiums in specific areas of Spokane.

Local Factors Impacting Home Insurance Costs in Spokane

Home Insurance Rates by Home Age in Spokane

The age of a home is a major factor in determining insurance premiums in Spokane. Older homes often have higher premiums due to outdated materials, while newer homes benefit from modern construction standards.

Home AgeAverage Annual Premium
0-10 years$1,230
11-25 years$1,280
26-50 years$1,340
51+ years$1,420

Home Insurance Rates by Credit Tier in Spokane

Your credit score has a significant impact on your home insurance premiums. Below is a breakdown of how different credit tiers affect insurance costs in Spokane:

Cheapest Home Insurance Providers in Spokane

Despite the risks posed by weather and wildfire, several insurance providers offer affordable options for homeowners in Spokane. Here are the cheapest home insurance providers:

ProviderAverage Annual Premium
State Farm$1,250
Allstate$1,280
Liberty Mutual$1,300
Farmers$1,270

Home Insurance Rates by Deductible Amount in Spokane

Choosing a higher deductible can help lower your premium, but it increases out-of-pocket expenses when filing a claim. Here’s how different deductibles affect home insurance premiums in Spokane:

Types of Homeowners Insurance in Spokane

Additional Coverage Options

Frequently Asked Questions (FAQs) about Home Insurance in Spokane

  1. Is wildfire insurance necessary in Spokane? Yes, homes near forested areas or in wildfire-prone zones should consider wildfire insurance to protect against potential fire damage.
  2. How do Spokane’s winters impact home insurance premiums? The heavy snowfall and freezing temperatures can cause damage to homes, increasing insurance premiums due to the risk of roof and water damage.

Comparison of Home Insurance in Seattle vs. Spokane

Seattle’s home insurance costs are higher due to its coastal location, frequent rainfall, and earthquake risk, while Spokane’s lower premiums reflect its inland location and lower flood risks. However, Spokane’s wildfire risk and harsh winters contribute to higher premiums in certain areas, making additional coverage like wildfire and water backup insurance essential for homeowners.

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