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Compare 98003 Home Insurance Rates Today!

Compare multiple home insurance rates for your home in Federal Way just got easier with the quick quoting system provided by GetHomeInsuranceQuotes.com. We make it easier for you and your 19,123 neighbors looking to save on their home insurance policy in the local 98003 zip code area. Our process is very simple, easy to use and hassle free. We help you shop and compare competitive rates for your home in 98003. So how do we provide affordable home insurance quotes? We use your home details from our online quoting application to compare the best Washington rates and coverage options with over 12 major carriers. Then we evaluate the best coverage and apply all the discounts and credits to help you save an additional 40%. We do all of this and more and our service online or over the phone is free. Let us help you compare your Federal Way, WA home insurance rates today!

For more information about homeowners insurance, like average home insurance rates, coverage options or home insurance types, please select Home Insurance Rates in Federal Way, WA

98003 Home Insurance Average Premiums

Local 98003 homeowners insurance quotes comparison

$495 /yr.

Shows Zip Code: 98003 lowest rates with discounts applied on average.

For the 98003, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:Annual Premium
1800 sq. ft. or below
(discounts applied)
$495 /yr.
Average Coverage:$745 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1045 /yr.

What is the average home insurance cost for a home in 98003?

  • • The average homeowners insurance premium paid annually for a home in 98003 is around $745 per year.

What does it cost on average per month for home insurance in 98003?

  • • Homeowners in 98003 pay a monthly average cost per month around $62.00.

What kind of discount could I get if I combine my home and auto insurance together in 98003?

  • • Autoowners in 98003 can receive a 20% to 25% discount if they own a home and would like to group or bundle their car and home insurance together with one insurance company.

For shopping home insurance rates within the Federal Way area, check out other zip codes nearby 98003.
Review average rates in another zip code:
98023 homeowners insurance rates
98003 homeowners insurance rates

Home Replacement Cost Coverage in 98003

Average Building Cost Per Square Foot in 98003: $242

Location: Federal Way, Washington (King County)

Average Square Footage in 98003: 1,419 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 98003 before you start any project. Federal Way homeowners pay on average around $242 per square foot to build a home. Another great reason to know the average cost to build is for your homeowners insurance policy. A standard homeowners policy will help you cover the replacement cost of your home due a fire or any other named perils on your policy. Calculating your dwelling coverage for your home in 98003 is extremely helpful when estimating how much replacement cost coverage you need. We highly recommend that you have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Here is how you determine your replacement cost. If we take an average home in 98003 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,419 sq. ft. and the average cost to rebuild the home in this area is around $242 per square foot would be considered a base estimate cost. These two numbers would allow us to generate the replacement cost needed for an average size home in the Federal Way area. If the home is new or has been upgraded, you will want to add $50 to $100 or more per square foot to equally cover the replacement cost to restore a home back to it's original condition.

Home Improvement StatusPrice per Sq. Ft.Square FeetDwelling Coverage
Basic Home Features$2421,419$343,400
Additional Upgrades & Added Features$3031,419$429,250
Major Home Updates or Advancements$3631,419$515,100

It's important to understand that when you estimate your replacement cost of your home in the 98003 zip code area, it will be the cost to replace the structure of your home, not the additional value of the property that is factored in when purchasing a new home.

Best Homeowners Insurance Agencies in 98003

Allstate Insurance - Joe Salgado

Address: 30808 Pacific Hwy S Ste A Federal Way, WA 98003
Phone: (253)941-3500
Website: www.allstatetoolkit.com/clicks_rate.asp?MB_ID=16186

Allstate Insurance - Ismael Melendez Jr.

Address: 27213 Pacific Hwy S Federal Way, WA 98003
Phone: (253)946-7262
Website:

Allstate Insurance / Joe Salgado

Address: 30808 Pacific Hwy. S. #A Federal Way, WA 98003
Phone: (253)529-5604
Website: www.allstate.com

Best Home & Auto Insurance Agencies in 98003

American Family Insurance - Cynthia Squires

Address: 31653 Pacific Hwy S Federal Way, WA 98003
Phone:
Website: http://www.seattle.citysearch.com/profile/external/602946132/federal_way_wa/american_family_insurance_cynthia_squires.html
Info:

Allstate Insurance / Joe Salgado

Address: 30808 Pacific Hwy S Federal Way, WA 98003
Phone:
Website: http://www.allstate.com
Info: Allstate Car Insurance Quotes, Home Insurance, Financial Products and More
Allstate auto insurance quotes and anonymous ballpark estimates to help protect you, your family and your automobile. Insurance and financial products include car insurance, home insurance, business insurance, life insurance, IRAs and annuities. car insurance, auto insurance quote, vehicle insurance, free online insurance quotes, rate quote, life insurance, annuities, mutual funds, IRAs, allstate insurance agent, allstate.com

Allstate Insurance - Ismael Melendez Jr.

Address: 27213 Pacific Hwy S Federal Way, WA 98003
Phone:
Website:
Info:

Rik Kelly Insurance Agency Inc - State Farm Insurance Agent

Address: 1400 S 312th St Federal Way, WA 98003
Phone:
Website: http://www.seattle.citysearch.com/profile/external/43917080/federal_way_wa/rik_kelly_insurance_agcy_inc_state_farm_insurance_agent.html
Info:

Spencer Neff- Farmers Insurance

Address: 33309 1st Way S, #A205 Federal Way, WA 98003
Phone:
Website: http://www.seattle.citysearch.com/profile/663184990/federal_way_wa/spencer_neff_farmers_insurance.html
Info:

Housing Demographics for 98003

Population Review for 98003 Zip Code

For the city of Federal Way, the population within 98003 has increased to over 51,596 residents in population size. The current population total is 51,751. We have broken down the population based on race below. In 98003, there are over 25048 in male population and 26703 females.

PopulationValues
Total Population51,751
White Population19713
Black Population8692
Hispanic Population11411
Asian Population7543
Hawaiian Population2096
Indian Population693
Other Population7054
Male Population25048
Female Population26703
Population Estimate51596

Household Data for 98003

The average number of homes in 98003 is around 19,123, there are an average of 2.66 per household. The average house value according to local real estate values is around $343,400. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode19,123
Persons Per Household2.66
Average House Value$343,400
Income Per Household$63289
Median Age36.7
Median Age Male35.4
Median Age Female38.1
98003 DetailsValues
StateWA
State Full NameWashington
City TypeN
City Alias Abbreviation
Area Code253
CityFederal Way
City Alias NameFEDERAL WAY
CountyKing
County FIPS033
State FIPS53
Time Zone8
Day Light SavingY
MSA7602
PMSA7600
CSA500
CBSA42660
CBSA_DIV42644
CBSA_TypeMetro
CBSA_NameSeattle-Tacoma-Bellevue, WA
MSA_NameSeattle-Tacoma-Bremerton, WA CMSA
PMSA_NameSeattle-Bellevue-Everett, WA PMSA
RegionWest
DivisionPacific
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses1740
Number Of Employees21279
Business First Quarter Payroll272487
Business Annual Payroll1164781
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population3439809
CBSA Division Population1931249
Congressional District09
Congressional LandArea183.43
Delivery Residential19397
Delivery Business1826
Delivery Total27949
Preferred Last Line KeyZ16786
Classification Code
Multi-County
CSA NameSeattle-Tacoma, WA
CBSA_DIV_NameSeattle-Bellevue-Kent, WA
City State KeyZ16786
Land Area11.501000
Water Area0.076000
City Alias Code
City Mixed CaseFederal Way
City Alias Mixed CaseFederal Way
Box Count0
SFDU3808
MFDU6947
State ANSI53
County ANSI033
ZIP Intro
Alias Intro
Facility CodeN
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number540490
Unique ZIP Name
SSA State County Code50160
Medicare CBSA Code42644
Medicare CBSA NameSeattle-Bellevue-Kent, WA
Medicare CBSA TypeMetro
Market Rating Area ID1
County Mixed CaseKing

Washington Homeowners Insurance News & Information

  • Should I raise my deductible to $10,000 to help offset the cost of rising premiums? Posted on Wednesday 15th May, 2024

    According to industry reports, homeowners are raising their deductibles to $5,000 to $10,000 to help offset the cost of rising premiums.  While raising a deductible into the stratosphere will absolutely lower your homeowner insurance premium, it does mean that you will have to cover your deductible amount in the event you have to make a […]

  • Should I choose the minimum or maximum homeowners insurance coverage? Posted on Monday 13th May, 2024

    As homeowner insurance rates rise across the country, some homeowners are opting for policies that offer minimal coverage to keep their premiums affordable. Unfortunately, this choice will leave them at higher risk and in a position where they may have to pay more out of pocket if they have to make a claim on their […]

  • Texas is Seeing Major Increases in the Cost of Homeowners Insurance Posted on Tuesday 7th May, 2024

    Like much of the rest of the country, Texas is seeing major increases in the cost of homeowners insurance. According to an article in Austin American-Stateman, residents of Texas have seen their insurance rates go up 50.9% on average which is the largest increase in the country for that time period. Unfortunately, experts are predicting […]