25 Washington Homeowners Insurance Statistics for 2026: Cost, Market Share and Wildfire Context
Washington homeowners insurance in 25 cited statistics: NAIC average premiums, Washington OIC market share, NAIC 2025 group shares, wildfire and FAIR Plan context and dwelling fire benchmarks.
Washington homeowners pay below the national HO-3 average on the NAIC series, while Washington OIC still tracks a multi-billion-dollar homeowners market and active wildfire-availability work. This report gathers 25 cited statistics on what homeowners insurance costs in Washington, how large the market is, which insurer groups write it, how wildfire and the FAIR Plan show up in OIC guidance, and what the dwelling fire form costs. Every figure comes from the NAIC or the Washington Office of the Insurance Commissioner (OIC).
Key Takeaways
- Washington HO-3 averaged $1,232 - the NAIC’s 2023 exposure-weighted HO-3 average in Washington was $1,232, 29.1% below the $1,737 countrywide average.
- Insurers wrote about $3.85 billion of homeowners premium - the NAIC 2025 group report puts statewide homeowners multiple-peril written premium at about $3.851 billion; OIC Appendix A puts written premium at $3.834 billion.
- State Farm leads the market - State Farm Fire and Casualty held 16.02% of company premium; State Farm Group held 16.35% of 2025 group premium.
- The statewide homeowners loss ratio was about 46% - 45.84% in the NAIC 2025 group report and 45.89% in OIC Appendix A.
- The dwelling fire form averaged $886 - that NAIC owner-occupied series is not a landlord average; see our Washington landlord insurance cost guide for rental context.
- OIC points consumers who cannot find coverage to the FAIR Plan - Washington OIC’s wildfires and insurance page lists the FAIR Plan phone line at 425-745-9808.
What homeowners insurance costs in Washington
1. Washington’s average HO-3 premium was $1,232 in 2023
The HO-3 is the standard owner-occupied homeowners form. The NAIC’s Dwelling Fire and Homeowners report for 2023 data puts Washington’s exposure-weighted HO-3 average at $1,232, based on 1,344,132.3 house-years of coverage and about $1.655 billion of premium. That figure divides total premium by house-years across every coverage amount and insurer. It is not a quote.
2. That was 29.1% below the $1,737 countrywide HO-3 average
The countrywide HO-3 average in the same NAIC table was $1,737, so Washington homeowners paid about $505 less per year on average for the same form on this NAIC series. Statewide averages still hide ZIP-level wildfire and rebuild-cost differences, so treat the gap as context, not a guarantee that every Washington address is cheap to insure.
3. All owner-occupied forms averaged $1,266
When the NAIC combines dwelling fire with every owner-occupied homeowners form in Washington, the average premium was $1,266 in 2023 across 1,852,974.7 house-years. The broader HO-5 form averaged $1,476 and the narrower HO-2 averaged $1,126. HO-8 averaged $412 across 1,399.0 house-years.
4. $1 million homes averaged $2,684 on an HO-3
Coverage amount moves premium more than anything else in the NAIC tables. Washington HO-3 policies with $1 million or more of coverage averaged $2,684 in 2023, against $957 at $300,000 to $324,999 and $1,317 at $500,000 to $599,999. At under $150,000 of coverage the average was $521. Policies in the $350,000 to $399,999 band averaged $1,054, and the $400,000 to $449,999 band averaged $1,132. Rebuild cost, not market value, should set the dwelling limit, because land is not insured and underinsurance shows up only after a total loss. Seattle, Spokane and Cascade foothill rebuild costs often diverge from sale prices, so pull a current contractor estimate before you shop.
5. Condo owners paid $512 and renters $165
Washington HO-6 condo policies averaged $512 in 2023, below the $658 countrywide average, and HO-4 renters policies averaged $165, below the $173 countrywide figure. Renters and condo forms made up 32.8% of the state’s insured house-years, against 66.7% for owner-occupied homeowners forms and 0.5% for dwelling fire.
- Owner-occupied homeowners 67%
- Renters and condo 33%
- Dwelling fire 1%
6. The dwelling fire form averaged $886
The NAIC’s dwelling fire series, which it collects for one-family, owner-occupied, non-seasonal buildings, averaged $886 in Washington in 2023, 13.1% below the $1,019 countrywide figure. Washington had 14,480.9 dwelling fire house-years, so the book is thin relative to HO-3. This is not a landlord average. For rental-owner cost context, see our Washington landlord insurance cost guide.
7. Mid-band dwelling fire coverage sat near $900
Washington dwelling fire policies at $300,000 to $324,999 of coverage averaged $889 in 2023, and the $400,000 to $449,999 band averaged $977. Band averages in a thin statewide book can move with a small number of policies, so treat them as directional, not as a quote.
How big the Washington market is
8. Insurers wrote about $3.834 billion of homeowners premium (OIC)
Homeowners multiple-peril premiums written in Washington totaled $3,834,172,000 in Washington OIC’s 2025 Appendix A recapitulation (reported in thousands as $3,834,172), with earned premium of $3.643 billion, incurred losses of $1.672 billion and a 45.89% loss ratio. That scale means most Washington homeowners still buy from a relatively short list of admitted writers even though dozens of companies appear further down the company table.
9. NAIC 2025 group premium was about $3.851 billion
The NAIC’s 2025 Market Share Reports for Property/Casualty Groups put Washington homeowners multiple-peril direct premiums written at $3,851,076,000. Direct premiums earned were $3.658 billion. The OIC Appendix A total and the NAIC group total are close for this year; small differences reflect reporting conventions.
10. The 2025 statewide homeowners loss ratio was 45.84%
In the NAIC 2025 group report, Washington homeowners posted a 45.84% loss ratio and a 47.27% loss-and-cost-containment ratio. Among the largest groups, Liberty Mutual reported a 35.70% loss ratio and State Farm a 52.01% loss ratio on their Washington homeowners books.
11. Owner-occupied forms dominate house-years, but renters share is large
NAIC Table 1 shows Washington with 1,838,493.8 owner-occupied homeowners house-years (66.7%), 904,893.9 renters and condo house-years (32.8%) and 14,480.9 dwelling fire house-years (0.5%), for a total of 2,757,868.6 insured house-years in 2023. The renters and condo share matters for landlord and HO-4/HO-6 interlinking.
Who writes Washington homeowners insurance
12. State Farm holds about 16.3% of the market
State Farm Fire and Casualty wrote $629,528,000 of Washington homeowners premium (16.02%) in OIC’s Appendix E company table. State Farm Group held 16.35% of 2025 group premium ($629.5 million DPW). Washington OIC’s 2025 annual report lists State Farm at 16.4% and notes a last approved average rate change of +17.9% effective July 2024.
13. Liberty Mutual (SAFECO) and Allstate round out the top three groups
Liberty Mutual Group held 14.31% of 2025 Washington homeowners premium and Allstate Group 11.43%. At the company level, SAFECO was second at 12.35% and Allstate Vehicle and Property was third at 6.37%. OIC’s annual report lists SAFECO at 11.9% with a -3.3% average rate change effective February 2026, and Allstate Vehicle and Property at 6.7% with a +20.9% change effective June 2025.
14. Travelers and PEMCO both have sizeable Washington books
Travelers Group held 4.82% of 2025 group premium, and PEMCO Mutual held 4.69%. OIC’s company table shows Travelers Personal at 3.24% and PEMCO at 5.03%. Travelers publishes a verified landlord product page used in our best landlord insurance companies in Washington listicle.
15. The top ten groups hold 86.12% of premium
Cumulative share through the tenth group in the NAIC 2025 table reaches 86.12%. State Farm, Liberty Mutual and Allstate alone hold 42.09%. Washington’s homeowners market is concentrated among national writers plus a few strong regional names.
16. Liberty Mutual posted the lowest loss ratio among the largest groups
Liberty Mutual Group’s 35.70% Washington homeowners loss ratio in 2025 was the lowest among the top groups by share shown above. That ratio is a book-level result, not a consumer claims-satisfaction score; for claims satisfaction see J.D. Power’s national study cited in our best landlord insurance companies in Washington listicle.
Wildfire, FAIR Plan and residual markets
17. Standard Washington property policies include fire coverage
Washington OIC’s wildfires and insurance page states that all standard homeowners and property insurance policies in Washington include protection against fire damage, and that insurers must offer terms at least as good as the state’s model policy. Most companies also include damage from fire-related heat, smoke, soot and fumes.
18. OIC directs hard-to-place risks to the FAIR Plan
If consumers cannot find coverage for a home, OIC says they can call the Washington FAIR Plan at 425-745-9808. The FAIR Plan is a residual market, not a shopping default: confirm whether a quote is admitted-market coverage, surplus lines or FAIR Plan placement.
19. OIC is working on wildfire risk score transparency
OIC’s wildfire risk and your insurance hub describes initiatives around wildfire risk score transparency and IBHS Wildfire Prepared Home standards. Those programs matter to landlords because the same address-level scores can affect eligibility and pricing for rental dwellings.
20. Nonrenewals tied to wildfire risk are an active OIC concern
OIC notes that wildfire risk is affecting cost and availability of home insurance, especially in rural areas, and has highlighted nonrenewal and cancellation trends in its wildfire work. Ask every quote whether the address faces wildfire underwriting restrictions before you compare premiums.
Data
| 2021 | 2 |
|---|---|
| 2022 | 2 |
| 2023 | 1 |
| 2024 | 2 |
| 2025 | 0 |
21. Washington had seven federal disaster declarations from 2021 through 2025
The NAIC disaster-declarations table in the Homeowners Report counts Washington declarations as 2 in 2021, 2 in 2022, 1 in 2023, 2 in 2024 and 0 in 2025, or seven declarations across those five years. Declaration counts are not the same as insured loss dollars.
22. Homesite and PEMCO appear among OIC’s top five companies
OIC’s 2025 annual report lists Homesite at 5.8% and PEMCO Mutual at 4.7% among the top five homeowners companies by market share, alongside State Farm, SAFECO and Allstate Vehicle and Property. Regional and specialty writers matter in Washington even when national groups dominate group-level tables.
Losses, renters and landlord context
23. Combined renters and condo policies averaged $217
Washington’s HO-4 and HO-6 book together averaged $217 across 904,893.9 house-years in 2023 ($196.8 million of premium). That is a tenant- and condo-owner series, not a landlord average.
24. HO-5 policies averaged $1,476
Washington’s open-peril HO-5 form averaged $1,476 across 350,944.5 house-years in 2023, about $244 above the state’s HO-3 average. Broader coverage and higher limits help explain the gap.
25. Landlord cost still has no official statewide average
Neither Washington OIC nor the NAIC publishes a Washington landlord premium average. The NAIC dwelling fire average of $886 is an owner-occupied series. For rental-owner benchmarks, wildfire questions and quote CTAs, see Washington landlord insurance cost and best landlord insurance companies in Washington. City pages for Spokane and the landlord hub at Seattle help connect this stats page to converting geo templates; Spokane previously converted a landlord lead on this site. Sibling state stats for other lead markets include Arkansas homeowners insurance statistics, Colorado homeowners insurance statistics, South Carolina homeowners insurance statistics, Texas homeowners insurance statistics and California homeowners insurance statistics. Canadian Bing/Yahoo converting paths such as NWT Hay River homeowners and the new NL homeowners statistics, NL homeowners cost and best NL homeowners companies remain useful internal links when you expand geo clusters.
Frequently Asked Questions
How much is homeowners insurance in Washington?
The NAIC’s 2023 Washington HO-3 average was $1,232, 29.1% below the countrywide $1,737 average. Your quote depends on rebuild cost, ZIP code, wildfire exposure and claims history.
Why is Washington homeowners insurance below the national average on the NAIC series?
The NAIC statewide HO-3 average sits below the countrywide figure, but OIC still warns that wildfire risk can affect cost and availability at the address level. Treat the statewide average as context, not a quote for every ZIP code.
Who are the largest homeowners insurers in Washington?
State Farm leads with about 16.35% of 2025 group premium, followed by Liberty Mutual, Allstate and Farmers. See Washington OIC’s market information reports for company-level detail.
Is there a Washington FAIR Plan?
Yes. Washington OIC’s wildfires and insurance page directs consumers who cannot find coverage to the Washington FAIR Plan at 425-745-9808.
Where can landlords find cost and carrier guidance?
Start with Washington landlord insurance cost and best landlord insurance companies in Washington, then request a landlord quote.
How we verified this page
NAIC averages and house-years come from the NAIC Homeowners Report (2023 data). Statewide premium and company shares come from Washington OIC’s 2025 Appendix A and Appendix E. Group shares and loss ratios come from the NAIC 2025 P&C market share report. Wildfire and FAIR Plan guidance come from Washington OIC consumer pages. All primary sources were fetched October 14, 2026. We did not invent premium averages or cite competitor comparison sites. See our methodology.
Important disclosures
Averages are not quotes. Official averages blend many policies, coverage amounts and locations. Your premium depends on your property and the insurer’s underwriting.
About Insurance 8020. Insurance 8020 is an independent insurance comparison and education resource. We are not a licensed insurance producer, broker or agent, and nothing on this page is a recommendation to buy any specific policy. We may earn a referral fee when you request a quote through our partners, at no cost to you.