Get the Best Washington DC Home Insurance Quotes
If you are in search of the cheapest homeowners insurance rates and home insurance companies in Washington, D.C., you are in the right place!
At Insurance Geek, we love bringing DC homeowners insurance quotes to both new and existing homeowners. You’ll find that no matter where your quote originates, varying factors determine the overall cost of your premiums over time.
So, before we find you your home insurance policy, let’s go over some crucial terms you should understand.
Washington D.C. Home Insurance: The Basics
Washington D.C. is more than our nation’s capital. It’s a hotbed of opportunity, offering incredible educational institutions, schools, and national monuments you won’t find anywhere else in the country.
DC’s property rates and rents are notoriously high. But that shouldn’t stop you from finding the best rents, rates, and Washington D.C. homeowners insurance quotes if you’re fixed on living there! You may also find that Northern Virginia and Maryland properties provide the mortgages you’re looking for.
The biggest potential for crime in Washington D.C. is mugging. Unsuspecting tourists in common areas are targets for mugging. Generally, violent crimes are sequestered to a specific area of DC. You’ll find that due to the higher cost of living and the potential for some crime, the premium may be higher.
Washington D.C. is no stranger to severe winter weather, so it’s best to prepare for this if you’re moving to that area. DC may also experience some natural disasters, such as hurricanes and the occasional tornado.
When it comes to the DC homeowners insurance industry, a PERIL in your home insurance policy describes risks that could cause any kind of damage to your home.
Some of the perils you may discover in Washington DC, such as natural disasters, are mentioned above. Others include drainpipe damages or the risk of water backup in the home, hail, theft, and fire damage.
Bear in mind that you can file a claim and receive money only for a covered peril in your homeowners policy. To learn what you are covered against, you can always check your policy’s declarations page.
Before a home insurance company pays to you, you ought to cover your deductible, i.e., the amount you are paying out of your pocket.
The formula is that if your deductible is higher, your premium is lower, so trade wisely and choose what suits your particular situation better: paying upfront more or paying later when needed.
How are Premiums Determined in Washington D.C.?
Home insurance rates are very dynamic, and the cost will greatly vary, though, as mentioned, in Washington D.C., it will be higher than the national average cost. This is due to the potential for weather damage and crime.
That said, your premiums may be affected by a variety of different factors, including:
The replacement cost value of your home;
The replacement cost actually refers to the amount of money it would take to repair or rebuild your house to its present state. The replacement cost differs from the actual cash value (sometimes called just actual value) of your home, which is its market price. You can learn more about it in our article here.
What will actually affect this amount is the age of the home as well as the materials your home is made from.
Your credit rating;
The insurance company will also have a look at your financial history and credit score to determine whether you are punctual with payments. A positive credit score could help you get a lower premium.
There are many coverage options offered by different home insurance companies, which, naturally, don’t offer the same home insurance rates.
Insurance Geek will find you affordable home insurance in Washington D.C. by comparing quotes from multiple companies.
We write our policies through Nationwide, Progressive, and Safeco.
If you have already filed a claim on that particular property, it’s a sign to the insurance company that it might be at risk. This may drive the rate up.
Getting multiple kinds of insurance – for example – home and auto policies with the same insurance company can earn you discounts and thus lower your premium.
Also, anti-theft alarms and other security measures, as well as paying your policy upfront, are efficient ways to save up.
What is the Best Option for Home Insurance in Washington D.C.?
Insurance companies will offer you different types of homeowners policies.
We are gonna get you acquainted with the two main ones: a named and an all peril insurance policy.
In a named policy, each risk (i.e., peril) has to be specifically stated. If it isn’t, it means you aren’t protected from it.
Our customers usually purchase named policies to cover gaps in their existing insurance.
If this is the case with you, you can always send us your policy, and our expert agents will assess what type of coverage you are missing.
ALL PERIL Policy
ALL PERIL coverage can protect you from any of the perils mentioned above, and many homeowners insurance buyers discover this is a good investment for the money to prevent devastating property loss.
Nationwide, Safeco, and Progressive all offer great all-peril coverages for the adequate protection of your home.
And if you are looking for renters insurance in Washington D.C., we can get you the cheapest quotes, too.
Get Home Insurance Quotes Today
Home insurance prices are multilayered and oftentimes difficult to calculate.
That’s why we’ve decided to make it easy to get access to the best homeowners insurance in Washington D.C.
Please take a look at our quote generator – it’s the best way to find the cheapest DC homeowners insurance quotes available through our system.
Our Fat Agent app connects agents with customers who are looking for the lowest and best rates – check out our tool and find the DC homeowners insurance policy you’ve been looking for!
All you need to do to compare quotes is fill in some basic info (your ZIP code and address), and we will contact our carriers to determine the price.
Then, your local agent can help you with the whole process and answer any additional questions you may have, so feel free to reach out to us!
You can qualify for multiple kinds of discounts on your Washington D.C. homeowners policy.
Some various types of discounts you can expect include:
- Bundling home discounts (if you have auto insurance with the same company, etc.)
- Paid in Full discounts
- Family bundles (if your family carries multiple policies from the same company)
- Security systems discounts (if you have anti-theft or fire alarms installed)
… and more.
Top Cities & Metro Suburbs in Washington D.C. for Homeowners
Our clients seek home insurance from all over Washington D.C., including the biggest suburbs, where rates are cheaper as a rule of thumb.
The top suburbs in Washington D.C. area are:
- South Kensington
- Takoma Park
- South Riding
- North Bethesda
- Chevy Chase
- Stone Ridge
- North Potomac
Our DC homeowners insurance is offered via Progressive, Nationwide, and Safeco, top-tier companies that offer our customers a variety of affordable quotes.
Who Should Get Washington D.C. Homeowners Insurance?
Who needs insurance is one of the most frequently asked questions we get.
And the answer is always the same: Everyone!
Regardless of whether you’re a new or existing homeowner, Washington DC homeowners insurance coverage is something you’ll need.
An older home requires protection just as much as a new home requires protection. Simply put, homeowners insurance is the priceless peace of mind that you and your family are protected under any circumstances.
Also, if you wish to obtain a mortgage, know that your mortgage lender will require proof that you have home insurance.
What Does Home Insurance Coverage Include?
There are many coverage options, but below, you can see what your typical policy looks like.
The structure of a policy includes coverage listings, including:
Coverage A – Dwelling Coverage
Dwelling coverage accounts for the actual physical structure of your house and should be based on its replacement cost.
Coverage B – Separate Structures
Any other structures that are detached from the house are protected by separate structures coverage. These other structures can include fences, garages, mailboxes, etc.
Coverage C – Personal Property
Personal property coverage protects your personal belongings.
What falls under the category of personal property are things such as your furniture, clothes, and appliances.
At times, your personal property coverage limits might not be enough to cover all of your personal property valuables, so you might want to get additional coverage.
For that purpose, Nationwide offers Valuables Plus extra coverage, while Safeco has Valuable Articles Coverage.
Coverage D – Loss of Use
Loss of use coverage reimburses the additional living expenses that may arise when your home is uninhabitable for a certain period. They can be anything, from transportation to renting a place to stay during that time.
Coverage E – Personal Liability Coverage
Personal liability coverage protects your family members and you if a lawsuit is brought against you. As such, liability coverage can cover any defense costs.
Coverage F – Medical Payments
Medical payments coverage accounts for medical bills if an individual is injured on your insured property.
What Isn’t Included in Your Home Policy?
Here are some popular insurance products that you might want to get alongside your home policy:
Auto Insurance (Car Insurance)
Car insurance (auto insurance) is a must if you are a vehicle owner. Plus, if you get it together with the home policy, you can earn discounts and save up!
Nationwide, Safeco, Progressive, and our other carriers also have excellent auto policies.
Flood insurance, in its basic form, isn’t a part of your regular policy, but you can always get additional coverage for drain, sewer, and water backup and sump pump failure.
Both Nationwide and Safeco offer these kinds of endorsements.
Life insurance is another necessity.
Other popular products include identity theft protection that mitigates identity theft problems and credit card insurance as a protection against unauthorized payments.
If you are a small business, there are also many options to check out.
Tell your Insurance Geek agent about your needs and get access to a myriad of various options!
Home Insurance in Washington D.C.: FAQ
Q: How much is homeowners insurance in Washington D.C.?
A: Like everything else in Washington DC, homeowners insurance average rates are higher than the national average. The average DC homeowners insurance policy costs around $1,200 a year, slightly higher than the national average cost.
Q: What are the best home insurance companies in Washington D.C.?
A: The best homeowners insurance companies in D.C. are Nationwide, Progressive, and Safeco.
Tell us your ZIP code in Washington, D.C., so that we can find you the homeowners policy that suits your needs!
Nationwide, Safeco and Progressive offer excellent deals, and an insurance agent – Insurance Geek – will help you with any further inquiries.