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Best cheap home insurance in Spokane in 2025
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
The best home insurance companies in Spokane
When you're looking for a home insurance company, cost is an important factor — but it isn't the only one. To create this list of top insurance providers in Spokane, Bankrate's editorial team started by considering each company's average premiums and discount opportunities. We also reviewed their performance in other categories, including financial strength, customer satisfaction and coverage options. In the end, we found that the following five companies offer the best home insurance in Spokane, Washington.
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Why Nationwide made our list: Nationwide offers Washington homeowners property, auto and life insurance, in addition to a selection of financial products. The company scored above average in the J.D. Power 2025 U.S. Property Claims Satisfaction Study and received an A rating from AM Best, indicating a strong ability to pay out claims. Nationwide offers policy enhancements like Better Roof Replacement, Brand New Belongings and Valuables Plus.
Why Nationwide may be the best budget home insurance company: Nationwide was named the Best for Bundling Home and Auto Insurance in the 2025 Bankrate Awards. Its average rates are 33 percent less than the average cost of home insurance in Spokane, and the company advertises nine different discounts on its website.
| Bankrate Score | 4.2 |
| J.D. Power | 641/1,000 |
| AM Best Rating | A |
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Why Allstate made our list: Allstate won Best for First-Time Homeowners in the 2025 Bankrate Awards due in part to its welcome discount and other savings opportunities. Allstate also has highly rated digital tools, nationwide availability, a strong network of agents and numerous policy options. The company offers a short-term rental endorsement, which may also be of interest to homeowners who use their properties to generate income.
Why Allstate may be best for add-on coverage: Allstate’s home insurance policies are highly customizable, especially when it comes to protecting your personal property. Allstate advertises multiple coverage endorsements for personal property like musical instruments and sports equipment, plus extra coverage for things like identity theft protection and electronic data recovery.
| Bankrate Score | 4.2 |
| J.D. Power | 631/1,000 |
| AM Best Rating | A+ |
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Why State Farm made our list: State Farm is the largest home insurance company in the country and has an above-average rating from J.D. Power for overall customer satisfaction. The company offers extensive policy customization options and some less common benefits like its extended personal articles coverage and electrical fire prevention program, which can help policyholders find reputable contractors for their property when needed.
Why State Farm may be best for policy management options: State Farm has a network of over 19,000 agents across the country, with several located in Spokane. State Farm’s digital tools scored above average in the service category in the J.D. Power 2025 U.S. Insurance Digital Experience Study, which could make the company a solid choice for homeowners who appreciate the ability to manage their policies online.
| Bankrate Score | 4.1 |
| J.D. Power | 643/1,000 |
| AM Best Rating | A++ |
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Not rated
Why PEMCO made our list: Although PEMCO is a smaller insurance company, it offers many insurance products in addition to home. Auto, life, pet, boat and umbrella insurance policies are also available. Its digital tools are a little lacking, but it does have some offices in the Spokane area.
Why PEMCO may be the best local company: PEMCO is a regional insurance company that exclusively services Washington and Oregon. Regional insurance companies may be able to offer more boots-on-the-ground insight into the specific home insurance needs of a particular area.
| Bankrate Score | Not rated |
| J.D. Power | |
| AM Best Rating |
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Not rated
Why Granwest made our list: Granwest is the Washington-specific subsidiary of Grange Insurance Association — which shouldn’t be confused with Grange Insurance. Granwest advertises two policy tiers, HomePak Plus and HomePak Premier, each with different coverage choices and limits. Granwest customers can customize the pre-packaged policies with other endorsements like scheduled personal property and coverage for select home businesses.
Why Granwest may be the best mutual company: Granwest is a mutual insurance company, which means the policyholders own it and it is not publicly traded. This means that policyholders have the opportunity to earn dividends, which are usually distributed as a partial policy refund.
| Bankrate Score | Not rated |
| J.D. Power | |
| AM Best Rating |
The Bankrate Promise
Read our full methodologyAt Bankrate, we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation of . Our content is backed by Coverage.com LLC, a licensed entity (NPN: 19966249). For more information, please see our
78
years of industry experience
10
licensed staff
34.5K
ZIP codes examined
120
carriers reviewed
The cheapest home insurance companies in Spokane
Although the cost of homeowners insurance in Spokane Valley is 40 percent less than the national average cost of home insurance, that doesn’t mean every provider will offer affordable rates. To help you find the cheapest home insurance in Spokane, we found the most budget-friendly home insurance companies. Our team knows that some homeowners need higher dwelling coverage, so we included average rates for a variety of dwelling limits.
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|
|
|
|---|---|---|
|
PEMCO
|
$75
|
$903
|
|
$80
|
$963
|
|
|
$96
|
$1,156
|
|
|
$97
|
$1,164
|
|
|
|
|
|---|---|---|
|
PEMCO
|
$85
|
$1,020
|
|
$91
|
$1,095
|
|
|
$105
|
$1,259
|
|
|
$106
|
$1,273
|
|
|
|
|
|---|---|---|
|
PEMCO
|
$102
|
$1,227
|
|
$113
|
$1,357
|
|
|
$123
|
$1,472
|
|
|
$128
|
$1,533
|
|
|
|
|
|---|---|---|
|
PEMCO
|
$143
|
$1,717
|
|
$174
|
$2,086
|
|
|
$183
|
$2,197
|
|
|
$191
|
$2,295
|
Compare home insurance rates
Answer a few questions to see personalized rates from top carriers.
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
How much is home insurance in Spokane, Washington?
Homeowners insurance in Spokane costs an average of $1,440 per year, or $120 per month, for a policy with a $300K dwelling limit. This is 5 percent less than Washington’s average cost of home insurance, which is $1,520 per year. However, these are average rates for our base profile, which is for a $1,000 deductible policy and a homeowner with good credit and a home built in 2016. Your personal rating factors may be different, which can affect home insurance costs.
Spokane rates by credit tier
In the state of Washington, home insurance companies may look at your credit-based insurance score when determining your home insurance rate. Homeowners with good or excellent credit tend to get the cheapest rates, while homeowners in average or poor credit tiers tend to pay more. Homeowners with bad credit are statistically proven to be more likely to file claims, which can cost insurance companies more money in the long run. You can see how credit affects rates for the top five cheap home insurance companies in Spokane in the table below.
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|
|
|
|
|
|---|---|---|---|---|
|
PEMCO
|
$903
|
$903
|
$903
|
$903
|
|
$1,776
|
$1,024
|
$963
|
$862
|
|
|
$1,596
|
$1,185
|
$1,156
|
$1,031
|
|
|
$1,164
|
$1,164
|
$1,164
|
$1,164
|
|
|
$1,276
|
$1,276
|
$1,276
|
$1,276
|
Spokane rates by home age
Spokane property owners with older homes may pay more for home insurance than those with new builds. Older homes can pose a greater financial risk to an insurance company because it could cost more to bring them up to building codes after a covered loss. Plus, older homes could be built with materials that are more expensive to find if the home needs to be repaired or rebuilt. The table below compares rates among the cheapest home insurance companies in Spokane for different construction years.
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|
|
|
|
|---|---|---|---|---|---|
|
PEMCO
|
$1,184
|
$1,203
|
$1,192
|
$1,228
|
$720
|
|
$1,326
|
$1,356
|
$1,332
|
$1,234
|
$842
|
|
|
$1,302
|
$1,404
|
$1,405
|
$1,336
|
$1,020
|
|
|
$1,381
|
$1,381
|
$1,381
|
$1,354
|
$1,069
|
|
|
$1,475
|
$1,449
|
$1,424
|
$1,394
|
$1,154
|
Spokane rates by deductible amount
A quick and relatively easy way to get cheaper home insurance is to choose a high-deductible home insurance policy. A home insurance deductible represents your level of financial responsibility in the event of a covered claim. A higher deductible usually results in a lower premium, but be careful not to raise your deductible to a level you cannot afford.
|
|
|
|
|
|---|---|---|---|
|
PEMCO
|
$838
|
$758
|
$716
|
|
$932
|
$837
|
$728
|
|
|
$1,020
|
$1,020
|
$830
|
|
|
$1,110
|
$1,103
|
$1,008
|
|
|
$1,195
|
$1,141
|
$999
|
Frequently asked questions
Methodology
Rates
Bankrate utilizes Quadrant Information Services to analyze September 2025 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates for our base profile are based on the following characteristics and coverage limits:
Dwelling coverage
$300,000Other structures coverage
$30,000Personal property coverage
$150,000Loss of use coverage
$60,000Liability coverage
$500,000Medical payment coverage
$1,000The homeowners also have a $1,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply.
These are sample rates and should be used for comparative purposes only. Your quotes will differ.
If otherwise specified, the base profile has been modified with the following homeowner characteristics:
Bankrate Score
Our 2025 Bankrate Score considers variables our insurance editorial team determined impact policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s cost of coverage, product availability, financial strength ratings, online capabilities and customer and claims support accessibility. We grouped these factors into three essential categories — cost and ratings, coverage and savings, and support — which we then weighted in a tiered approach.
Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlighting where they fall short.
- Tier 1 (Cost & ratings): To determine how well home insurance companies satisfy these priorities, our team analyzed average quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech and the National Association of Insurance Commissioners (NAIC).
- Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
- Tier 3 (Support): To encompass the many ways a home insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored in a company’s corporate sustainability efforts.
Tier scores are unweighted to show the company's true score in each category out of a possible five points.
