Popular Questions about Homeowners Insurance in Washington DC

On average, American homeowners pay $1,211 a year for their home insurance coverage. However, in Washington, DC, the average annual premium is higher at $1,235 a year.

Having homeowners insurance coverage is important because hazards like severe weather events, accidental fires, and property crimes can result in expensive losses for Washington, DC homeowners who are not insured.

Your home insurance policy is designed to cover you against many of the hazards you are likely to face as a property owner in Washington, DC. Let’s look at some of the things your Washington, DC policy can do:

Pays to Repair or Replace Your Home and Your Belongings

  • Example: Lint build-up in your dryer vent causes a fire to start and part of your house as well as many of your belongings are completely destroyed by the flames.

Pays for Someone Else's Injuries or Property Damage When It's Your Fault

  • ExampleYour dogs gets loose and bites a neighbor, who needs to get stitches.

Pays for Temporary Living Expenses If Your Home Is Uninhabitable

  • Example: A hurricane causes a tree to topple onto your house and makes it unsafe for habitation. You need to stay in a hotel temporarily while repairs are made.

We can’t be 100% certain, but in 2019, insurance companies paid out more than $61 million in home insurance claims in the city of Washington, DC alone. That's a lot of unfortunate events happening to homeowners in the nation’s capital!

Insurance companies base their home insurance rates on the value of your property and how likely it is that something bad will happen to it. The higher the probability that your house and property will be lost or damaged, the more expensive your home insurance policy will be. We call these potential damaging events "risks” or “exposures.”

Let’s take a look at how risky Washington, DC is compared to the rest of the Unites States.

Crime:

The burglary rate in Washington, DC is lower than the national average. This has a positive influence on homeowners insurance rates in the area.

  • Average number of burglaries per 1,000 homes in the U.S.: 3.76
  • Average number of burglaries per 1,000 homes in DC: 2.55

Several insurance companies offer policy discounts to homeowners who have a burglar alarm, deadbolt locks, and other security features installed in their homes. Talk to a local independent agent to learn whether you qualify for this or any other discounts.

Weather:

Severe weather events such as hailstorms and heavy winds can wreak havoc on residential properties in this city. Be sure that your home insurance provides all the coverage you need before disaster strikes.

Statistics in the District of Columbia

  • Number of federally declared disasters since 1953: 22
  • Most common causes of disasters: Severe Storms, Hurricanes, and Snow
  • Average number of tornadoes per year: 0.8
  • Amount paid out in home insurance claims in in 2019: $61,472,000

A local independent insurance agent can help you be sure that your coverage levels are high enough to enable you to completely rebuild and replace in the event of a total loss due to a disaster like a fire.

Home Values:

  • Average home value in the US: $188,900
  • Average home value in DC: $607,200

No single insurance company can be considered the “best” for everyone.

The policy that works best for you might not be the most ideal choice for your next-door neighbor. That is why independent agents compare policies and rates from multiple companies to find you the policy that is best able to meet your coverage and budgetary needs.

Yes! There are currently 27 independent insurance agents located in Washington, DC who are ready to help.

Independent insurance agents do not work for a particular insurance company. Instead, they work for you. This means they are free to shop around to find you suitable coverage at a competitive price. Contact an independent agent near you to get started.

How does home insurance work?

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How does your city measure up to the national average?

National average burglary rate 4.69 per 1,000 homes

National average home value $188,900

National average home insurance cost $1,173 year

CityAvg. home valueBurglaries / 1,000 homesAnnual insurance cost
Washington D.C637,000138$1,151