The median home value in Spokane is $411,211 — a 28% increase over the previous year, making it one of the hottest housing markets in the U.S. Residents will need to take this into consideration when setting up their homeowners insurance policy.
The average cost of homeowners insurance in Spokane is $1,176 per year or $98 a month. This is just 1% more expensive than the Washington state average.
Compare the best cheap homeowners insurance companies in Spokane
To find the best cheap homeowners insurance in Spokane, Policygenius rated over a dozen of the largest insurance companies in Washington across several categories, such as average policy cost, financial strength ratings with AM Best, customer and claims satisfaction scores with J.D. Power, available policy options, and more.
We found that State Farm is the best homeowners insurance company in Spokane.
Company | Average monthly cost | Policygenius rating | |
|---|---|---|---|
$198 | 4.8 out of 5 | ||
$110 | 4.5 out of 5 | ||
$100 | 4.5 out of 5 | ||
$45 | 4.4 out of 5 |
Methodology & why you can trust our rates
Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:
Dwelling: $300,000
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
Liability: $300,000
Medical: $1,000
All rates based on the above coverage limits except where otherwise noted.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
Best overall home insurance in Spokane: State Farm
2025 Policygenius award winner
State Farm
4.8
Bundle home & auto
Offers extended replacement cost
Offers flood insurance
Offers earthquake insurance
Wind/hail deductible
Offers wildfire insurance
Why we chose it
State Farm is the best home insurance company in Spokane thanks to its large selection of policy options, high customer service marks, and industry-best financial stability ratings.
Pros and cons
Pros
Top-tier coverage add-ons, including extended replacement cost coverage
High customer satisfaction and financial strength ratings
Offers large discounts when you bundle your home and auto insurance
Cons
No discounts for first-time homebuyers
Rates are more expensive than average
More details
Why we chose State Farm
State Farm is our pick for the best home insurance company in Spokane. We like that State Farm lets homeowners get extended replacement cost coverage for their homes, replacement cost coverage for their personal property, water backup protection, and more.
State Farm's customer service is highly rated, too. The company has received high ratings from policyholders, according to J.D. Power’s 2022 customer satisfaction, claims, and digital experience surveys. It has also received the highest rating possible from A.M. Best for financial strength and stability.
One negative is that State Farm's rates are more expensive than average. The company doesn't offer as many discounts as other insurers either, but if you're planning to bundle home and auto insurance with State Farm, you may receive a large discount.
How do State Farm home insurance rates compare to the Spokane average?
The average cost of home insurance from State Farm in Spokane is $2,381 per year, which is more than double the cost of average.
How to get a quote
Online through State Farm or by contacting your local State Farm agent.
Best home insurance for coverage options: Farmers
2025 Policygenius award winner
Farmers
4.5
Offers extended replacement cost
Bundle home & auto
Smart home discounts
Why we chose it
Farmers is the best home insurance company in Spokane for homeowners who want to add more coverage to a basic policy. Besides its range of coverage add-ons, Farmers also has a large bundling discount, other discounts, and high claims satisfaction scores.
Pros and cons
Pros
Optional extended or guaranteed replacement cost dwelling coverage
Receives few complaints from policyholders and has a high claims satisfaction score
Offers an 18% discount for bundling home and auto insurance
Cons
Below-average scores on J.D. Power’s overall customer satisfaction and digital experience surveys
Higher rates than average in Spokane
More details
Why we chose Farmers
Farmers is the best homeowners insurance company in Spokane for those who want to maximize their home insurance protection. Farmers has a range of coverages you can add to a basic policy, like guaranteed or extended replacement cost coverage, water backup protection, and a personal articles floater.
You can also bundle your home insurance with another policy and receive a sizable discount. Farmers offers an 18% discount for bundlers. Besides this bundling discount, Farmers offers homeowners more than one dozen other discounts.
Farmers also earned a high score in J.D. Power’s 2022 claims satisfaction study (though it was below-average on J.D. Power’s overall customer satisfaction and digital experience surveys). Plus, Farmers receives fewer complaints than average, according to the National Association of Insurance Commissioners.
How do Farmers home insurance rates compare to the average in Spokane?
The average cost of Farmers home insurance in Spokane is $1,321 per year, which is just 12% more expensive than the average annual premium in the city.
How to get a quote
Online through Farmers
Best home insurance for customer service: Nationwide
2025 Policygenius award winner
Nationwide
4.5
Bundle home & auto
Mobile app
New homebuyer discount
Offers extended replacement cost
Why we chose it
Nationwide is the best homeowners insurance company in Spokane for people who want highly rated customer service. Besides a top customer experience, Nationwide also offers a range of coverage add-ons that you can use to personalize your coverage.
Pros and cons
Pros
Highly rated for claims satisfaction by J.D. Power
Receives fewer complaints than average
Multiple high-quality coverage options
Cons
Below-average customer satisfaction and digital experience ratings
Rates are about average in Spokane
More details
Why we chose Nationwide
Nationwide is the best homeowners insurance company in Spokane for those who want excellent customer service. Nationwide ranks fifth on J.D. Power's Property Claims Satisfaction Study from 2022. The company also receives far fewer complaints than other insurers, according to the National Association of Insurance Commissioners.
We also like that you can choose from Nationwide's large selection of coverage options. These include guaranteed and extended replacement cost coverages, better roof replacement, new belongings coverage, water backup protection, and equipment breakdown coverage.
Although we found that Nationwide's rates are slightly more expensive than average in Spokane, you might be able to lower your premiums with the company's discounts. These include discounts for bundling, renovating your home, buying a new home, and others.
How do Nationwide home insurance rates compare to the Spokane average?
The average cost of Nationwide home insurance in Spokane is $1,205 per year, which is 2% more expensive than the annual citywide average.
How to get a quote
Online through Policygenius or Nationwide
Best home insurance for cheap rates: Allstate
2025 Policygenius award winner
Allstate
4.5
Bundle home & auto
Smart home discounts
Why we chose it
If you're looking for a company with cheap average rates, Allstate is the best homeowners insurance company in Spokane for you. Besides cheap rates, Allstate also has a few coverages that you can add to a policy, including a short-term rental endorsement.
Pros and cons
Pros
Rates are much cheaper than average
Extensive list of discounts and policy features to lower your bill and out-of-pocket costs
A+ credit rating with A.M. Best
Cons
Beginning to pull back coverage in high-risk areas
Customer experience scores with J.D. Power are below the segment average
More details
Why we chose Allstate
Allstate is the best home insurance company in Spokane for homeowners who want cheap rates.
Allstate's rates are half of the citywide average. The company also offers a few discounts that will be easy for many people to qualify for, including discounts for setting up automatic payments, bundling policies, and signing up for coverage before your current policy ends.
You can also add a few types of home insurance to a basic Allstate policy, including water backup protection, scheduled personal property coverage, and HostAdvantage, Allstate's short-term rental endorsement.
How do Allstate home insurance rates compare to the Spokane average?
The average annual cost of an Allstate home insurance policy in Spokane is $542 per year, which is 54% cheaper than the citywide average.
How to get a quote
Online through Policygenius or Allstate, or by contacting a local Allstate agent.
How much is homeowners insurance in Spokane?
The average cost of homeowners insurance in Spokane is $1,176 per year, or $98 a month, for an insurance policy with $300,000 in dwelling coverage. This means insurance in Spokane costs about the same as Washington's statewide average and is 33% cheaper than the national average.
Spokane home insurance rates by ZIP code
To help you find out how much home insurance costs where you live, we calculated average home insurance rates by ZIP code in Spokane.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
99208 | $1,199 | 3% |
99205 | $1,216 | 5% |
99223 | $1,114 | -4% |
99207 | $1,138 | -2% |
99224 | $1,163 | 0% |
99203 | $1,217 | 5% |
99202 | $1,131 | -2% |
99217 | $1,204 | 4% |
99201 | $1,217 | 5% |
99204 | $1,230 | 6% |
Cheapest ZIP codes for home insurance in Spokane
We found that the cheapest home insurance in the entire city of Spokane can be found in the 99258 ZIP code. The average cost of homeowners insurance here is $1,100 per year, which is 5% cheaper than average in the state of Washington.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
99258 | $1,100 | -5% |
99223 | $1,114 | -4% |
99202 | $1,131 | -2% |
99207 | $1,138 | -2% |
99224 | $1,163 | 0% |
99251 | $1,163 | 0% |
Most expensive areas for homeowners insurance in Spokane
We found that the most expensive homeowners insurance in Spokane can be found in the 99204 ZIP code. On average, the cost of homeowners insurance here is $1,230 per year, just 6% higher than the statewide average.
Learn more >> Home insurance rates by ZIP code
Spokane home insurance costs by coverage amount
Your policy's dwelling coverage covers the cost to repair or rebuild your home after a covered loss. Your dwelling coverage limit should be equal to your home’s replacement cost, the amount it would take to rebuild your house from the ground up — not its market value or purchase price.
Be aware, more dwelling coverage generally means higher home insurance rates. In Spokane, a policy with $100,000 in coverage has an average cost of $595 per year, while a policy with $500,000 in coverage has an average yearly cost of $1,842.
Dwelling coverage limit | Average annual cost |
|---|---|
$100,000 | $595 |
$200,000 | $871 |
$300,000 | $1,176 |
$400,000 | $1,512 |
$500,000 | $1,842 |
Spokane home insurance costs by deductible amount
Your homeowners insurance deductible is what you pay on your claim before your insurance covers the rest. It might seem like a good idea to choose a low deductible to save money on claims, but your monthly or annual premium will be far higher.
We found that homeowners in Spokane can save an average of $493 on home insurance by choosing a $2,000 deductible over the $500 option.
Deductible | Average annual cost |
|---|---|
$500 | $2,570 |
$2,000 | $2,077 |
Cheapest homeowners insurance companies in Spokane
We found that the absolute cheapest homeowners insurance companies in Spokane are Allstate, Mutual of Enumclaw, PEMCO, California Casualty, and Grange Insurance. The company with the cheapest rates for you depends on where you live and other factors to do with your home and insurance record.
Company | Average annual cost |
|---|---|
$542 | |
Mutual of Enumclaw Insurance | $665 |
PEMCO Insurance | $753 |
California Casualty | $812 |
$850 | |
$879 | |
$943 | |
$969 | |
$1,132 | |
$1,205 | |
$1,321 | |
$1,392 | |
$2,017 | |
Oregon Mutual | $2,176 |
$2,381 |
Cheapest home insurance in Spokane if you have an older home
It can be more expensive to insure older homes since they can be more prone to structural damage than newer homes. They're also often constructed with materials and features that would be more expensive to replace after a claim.
With an average annual premium of $563, Allstate offers the cheapest home insurance rates for an older home in Spokane.
Company | Average annual cost |
|---|---|
Allstate | $563 |
Mutual of Enumclaw Insurance | $700 |
PEMCO Insurance | $754 |
Chubb | $794 |
California Casualty | $820 |
Auto-Owners Insurance | $918 |
Grange Insurance | $1,161 |
Foremost | $1,187 |
State Farm | $1,192 |
Nationwide | $1,220 |
USAA | $1,253 |
Farmers | $1,321 |
Pure Insurance | $1,392 |
Country Financial | $2,139 |
Oregon Mutual | $2,176 |
Cheapest homeowners insurance in Spokane if you have a history of claims
Having a history of claims is one of the most likely reasons why your rates could be expensive. If you have multiple claims on your record, insurers will think you're more likely to file future claims than a homeowner without any past claims.
Mutual of Enumclaw offers the cheapest home insurance rates in Spokane for a homeowner that's filed three claims within a five-year period.
Company | Average annual cost |
|---|---|
Mutual of Enumclaw Insurance | $1,093 |
PEMCO Insurance | $1,150 |
Allstate | $1,156 |
Grange Insurance | $1,161 |
State Farm | $1,254 |
USAA | $1,369 |
California Casualty | $1,401 |
Auto-Owners Insurance | $1,459 |
Chubb | $1,624 |
Farmers | $1,713 |
Pure Insurance | $2,015 |
Nationwide | $2,312 |
Foremost | $2,627 |
Country Financial | $3,375 |
Oregon Mutual | $4,821 |
Coverage options in Spokane
In addition to looking at how much each insurance company charges for different coverage levels and risks, you should also be aware of what your policy does and doesn’t cover.
If you're buying homeowners insurance in Spokane, there are some additional insurance options you may need to consider to protect against floods and earthquakes.
Flood insurance
Homeowners insurance doesn’t cover flooding, so if your property in Spokane is in a FEMA-designated high-risk flood zone, you may have to purchase a separate flood insurance policy.
Most insurers offer flood insurance through the National Flood Insurance Program, while some offer their own private policies. As of 2022, the average cost of flood insurance in the state of Washington is $930, but your rate will depend on where exactly your property is located.
Earthquake insurance
Washington has the second-highest risk of large earthquakes in the country, according to the state's Department of Natural Resources. That said, your homeowners insurance won't cover damage caused by earthquakes or any other earth movements.
While the probability of a severe earthquake impacting your house in Spokane may be fairly low, earthquake insurance may be worth it if your house is made of materials that put it at more risk of collapsing from a quake.
Some home insurance providers have earthquake coverage as a separate policy add-on, but it's usually a separate policy. The cost of earthquake insurance can be high: potentially thousands of dollars more per year on top of your regular policy.
Learn more >> What is earthquake insurance & is it worth the cost?
How to get homeowners insurance quotes in Spokane
With home values and insurance costs rising quickly in Spokane, it’s important to shop around and compare policies from multiple companies each year to make sure you’re not missing out on better coverage or more affordable rates.
Frequently asked questions
How much is homeowners insurance in Spokane, WA?
The average cost of homeowners insurance in Spokane, Washington is $98 per month, or $1,176 per year.
What are the 3 basic levels of coverage that exist for homeowners insurance?
The three basic levels of home insurance coverage are actual cash value, replacement cost, and extended or guaranteed replacement cost. If you have an actual cash value policy, your insurance company will only reimburse you for the depreciated value of your property when you file a claim; if you have a replacement cost policy, your insurance company will reimburse you for the value of property of similar type and quality, without deducting depreciation; if you have extended or guaranteed replacement cost coverage, your insurance company will reimburse you for the replacement cost of whatever was damaged, even if it’s higher than the coverage limits in your policy.
Is homeowners insurance required in Washington state?
You’re not legally required to purchase homeowners insurance in Washington state or anywhere else in the country, but most mortgage lenders will require you to purchase a policy before they’ll extend you a home loan. This is because they have a financial investment in the property until you pay off your mortgage, so they want to ensure it’s fully protected.
