The Cheapest Washington Renters Insurance Companies 2020

The average cost of renters insurance in Washington is $163 annually, according to the Insurance Information Institute. When considering coverage, there are several things you want to keep in mind. The first is your personal property. Renters insurance policies provide protection (to a specific amount) for your items if they incur damage resulting from theft, fire or water damage. With this in mind, it’s ideal to ballpark how much your items are worth. If you have high-end collectibles, artwork or designer furniture, you’ll want more coverage for these items.

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    Another key consideration is the insurance carrier. Some questions to ponder when examining each is:

    Keeping these factors into account provides you with a baseline of what to look for when buying renters insurance.

    In this article

      Best rental insurance companies in Washington

      Here are some of the best Washington renters insurance providers in the state:

      • Allstate: Allstate provides a great combination of ease of use and customer service. The provider offers affordable coverage and has a great reputation, as evidenced by its A+ rating with the Better Business Bureau.
      • State Farm: State Farm provides a great mix of value and customer service. It earned the highest rating for customer satisfaction, scoring a five-out-of-five rating with J.D. Power.
      • Travelers: We chose Travelers as out of the best Washington renters insurance options because it is among the least expensive options available. It also has an excellent reputation, as it earned an A+ rating with the Better Business Bureau, indicating the company’s ability to resolve customer claims.
      • USAA: Last, but certainly not least, is USAA. Though eligibility is only open for military members, veterans and their families, if you qualify, it’s by far the best option to consider. It earned the highest rating from J.D. Power for customer satisfaction, and the rates are among the most affordable.

      To find the best providers, we examined a wide variety of factors including:

      • Customer satisfaction (J.D. Power ratings through a survey)
      • Financial strength (AM Best rating)
      • Overall customer service (Better Business Bureau rating)

      Using these metrics, here’s how each of the top four providers compares to each other:

      ProviderJ.D. Power score BBB GradeAM Best rating
      Allstate
      2 out of 5
      A+
      A+
      State Farm
      5 out of 5
      A+
      A++
      Travelers
      2 out of 5
      A+
      A
      USAA
      5 out of 5
      A+
      A++

      When buying renters insurance, not all policies will be the best fit for your situation. With this in mind, here are some of the best options depending on your needs:

      Cheapest renters insurance – State Farm

      State Farm is an excellent option to consider because it has affordable rates and friendly service.

      J.D. Power Rating
      5/5
      AM Best Rating
      A++
      Standard & Poor’s
      AA
      SimpleScore
      4.2 / 5.0
      close
      SimpleScore State Farm 4.2
      Discounts 3
      Coverage Options 5
      Customer Satisfaction 5
      Support 4
      Accessibility 4

      It’s easy to receive a quote through its website, and if you have any problems, the five out of five rating with J.D. Power indicates they’ll resolve your issues promptly.

      Best for military families – USAA

      If you’re in the military, USAA is going to be the wisest choice for you.

      J.D. Power Rating
      5/5
      AM Best Rating
      A++
      Standard & Poor’s
      N/A
      SimpleScore
      3.8 / 5.0
      close
      SimpleScore USAA 3.8
      Discounts 2
      Coverage Options 5
      Customer Satisfaction 5
      Support 3
      Accessibility 4

      It is the industry standard in customer service, and it has some of the most affordable rates available.

      Best for renters insurance discounts – Allstate

      Allstate discounts can help you save a lot of money.

      J.D. Power Rating
      2/5
      AM Best Rating
      A+
      Standard & Poor’s
      AA-
      SimpleScore
      4.2 / 5.0
      close
      SimpleScore Allstate 4.2
      Discounts 5
      Coverage Options 5
      Customer Satisfaction 2
      Support 4
      Customer Satisfaction 5

      Allstate has several discounts, including a multi-policy discount, a safe home discount of up to 15% if you have home security devices, a 5% discount for automatic payments, a discount of up to 25% for people 55 and older and a discount of up to 20% for being claims free.

      Best for coverage options – Travelers

      Travelers has some of the best options if you want extended coverage.

      J.D. Power Rating
      3/5
      AM Best Rating
      A++
      Standard & Poor’s
      AA
      SimpleScore
      3.8 / 5.0
      close
      SimpleScore Travelers 3.8
      Discounts 5
      Coverage Options 4
      Customer Satisfaction 2
      Support 4
      Accessibility 4

      The jewelry and valuable items coverage or umbrella insurance options are good for people who are worried about liability or expensive items.

      Find the Best Renters Insurance in Washington

      Save money on renters insurance with our simple comparison tool.

      Matching you with providers.
      We found results in
      Click at least 2-3 companies to find the very best rate.

        Washington renters insurance FAQs

        How much renters insurance you need depends on the value of your items and your landlord requirements (if any.) If you have more expensive items in your apartment, you’ll want a higher limit to account for the value of them in the off chance they’re damaged.

        It’s hard to beat the mix of value and excellent customer service State Farm delivers. If you’re affiliated with the military, USAA is going to be the best option to consider.

        Along with personal property, renters insurance has a personal liability component. With this, if someone has an injury in your home, your carrier provides financial assistance for their medical bills to a specified amount. Also, many renters insurance companies also provide loss-of-use coverage. This gives you financial assistance if you have to leave your apartment due to a covered event and you need temporary living expenses covered.

        Methodology

        SimpleScore

        The SimpleScore is a proprietary scoring metric we use to objectively compare products and services at The Simple Dollar.
        For every review, our editorial team:

        • Identifies five measurable aspects to compare across each brand
        • Determines the rating criteria for each aspect score
        • Averages the five aspect scores to produce a single SimpleScore™

        Here’s a breakdown of the five aspect scores and their rating criteria for our renters insurance reviews. You can also review more detail on our Simplescore renter insurance methodology.

        Why do some brands have different SimpleScores on different pages?

        To ensure the SimpleScore is as helpful and accurate as possible, we developed unique criteria for every category we compare at The Simple Dollar. Since most brands offer a variety of financial solutions, their products and services will score differently depending on what we’re scoring on a given page.

        However, it’s also possible for the same product from the same brand to have multiple SimpleScores. For instance, if we compare State Farm’s home insurance according to our criteria for the best home insurance, it scores a 3.8 out of 5. But when we compare State Farm according to the criteria for the best auto insurance, it scores higher, since the features the company offers can vary by the type of insurance.

        Discounts

        We awarded higher scores to insurance providers with more discounts available on their website.

        Coverage Options

        We gave providers with more renter insurance coverage options a higher score because they’re more likely to have a policy that best meets your needs.

        Support

        We awarded higher scores to renters insurance providers with the most channels for customer support.

        Customer Satisfaction

        We leveraged the J.D. Power Home Insurance Satisfaction Study℠ to see how customers rated their experience with each insurance provider. (If a provider wasn’t included in J.D. Power’s study, we skipped this aspect and averaged the four remaining aspect scores.)

        Accessibility

        We awarded higher scores to insurance providers that have more online and mobile features to easily manage your policy and claims.

        Sean Jackson

        Contributing Writer

        Sean Jackson is a creative copywriter living in Florida. He’s had work published with Realtor.com, theScore, ESPN and the San Francisco Chronicle. In his free time, Sean likes to play drums, fail miserably at improv and spend time at the beach.