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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
$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:
98003 homeowners insurance rates
98023 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 Status | Price per Sq. Ft. | Square Feet | Dwelling Coverage |
|---|---|---|---|
| Basic Home Features | $242 | 1,419 | $343,400 |
| Additional Upgrades & Added Features | $303 | 1,419 | $429,250 |
| Major Home Updates or Advancements | $363 | 1,419 | $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 - Ismael Melendez Jr.
Address: 27213 Pacific Hwy S Federal Way, WA 98003Phone: (253)946-7262
Website:
Allstate Insurance - Joe Salgado
Address: 30808 Pacific Hwy S Ste A Federal Way, WA 98003Phone: (253)941-3500
Website: www.allstatetoolkit.com/clicks_rate.asp?MB_ID=16186
Allstate Insurance / Joe Salgado
Address: 30808 Pacific Hwy. S. #A Federal Way, WA 98003Phone: (253)529-5604
Website: www.allstate.com
Best Home & Auto Insurance Agencies in 98003
Bill Love - Allstate Agent
Address: 1105 S 348th St, Ste B104 Federal Way, WA 98003Phone:
Website: http://www.allstateagencies.com/BillLove/Welcome/
Info:
Kurt Kwon Ins and Fin Svcs Inc - State Farm Insurance Agent
Address: 27205 Pacific Hwy S Federal Way, WA 98003Phone:
Website: http://www.seattle.citysearch.com/profile/604239972/federal_way_wa/kurt_kwon_ins_and_fin_svcs_inc_state_farm_insurance_agent.html
Info:
Rik Kelly Insurance Agency Inc - State Farm Insurance Agent
Address: 1400 S 312th St Federal Way, WA 98003Phone:
Website: http://www.seattle.citysearch.com/profile/external/43917080/federal_way_wa/rik_kelly_insurance_agcy_inc_state_farm_insurance_agent.html
Info:
Michael Snyder - Farmers Insurance
Address: 33516 9th Ave S Federal Way, WA 98003Phone:
Website: http://www.seattle.citysearch.com/profile/external/654377040/federal_way_wa/michael_snyder_farmers_insurance.html
Info:
Steve Winsberg- Farmers Insurance
Address: 29005 Pacific Hwy S, #B Federal Way, WA 98003Phone:
Website: http://www.seattle.citysearch.com/profile/662570570/federal_way_wa/steve_winsberg_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.
| Population | Values |
|---|---|
| Total Population | 51,751 |
| White Population | 19713 |
| Black Population | 8692 |
| Hispanic Population | 11411 |
| Asian Population | 7543 |
| Hawaiian Population | 2096 |
| Indian Population | 693 |
| Other Population | 7054 |
| Male Population | 25048 |
| Female Population | 26703 |
| Population Estimate | 51596 |
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 Data | Values |
|---|---|
| Households Per Zipcode | 19,123 |
| Persons Per Household | 2.66 |
| Average House Value | $343,400 |
| Income Per Household | $63289 |
| Median Age | 36.7 |
| Median Age Male | 35.4 |
| Median Age Female | 38.1 |
| 98003 Details | Values |
|---|---|
| State | WA |
| State Full Name | Washington |
| City Type | N |
| City Alias Abbreviation | |
| Area Code | 253 |
| City | Federal Way |
| City Alias Name | FEDERAL WAY |
| County | King |
| County FIPS | 033 |
| State FIPS | 53 |
| Time Zone | 8 |
| Day Light Saving | Y |
| MSA | 7602 |
| PMSA | 7600 |
| CSA | 500 |
| CBSA | 42660 |
| CBSA_DIV | 42644 |
| CBSA_Type | Metro |
| CBSA_Name | Seattle-Tacoma-Bellevue, WA |
| MSA_Name | Seattle-Tacoma-Bremerton, WA CMSA |
| PMSA_Name | Seattle-Bellevue-Everett, WA PMSA |
| Region | West |
| Division | Pacific |
| MailingName | Y |
| Economic & Growth Review | Values |
|---|---|
| Number Of Businesses | 1740 |
| Number Of Employees | 21279 |
| Business First Quarter Payroll | 272487 |
| Business Annual Payroll | 1164781 |
| Business Employment Flag | |
| Growth Rank | 0 |
| Growth Housing Units 2003 | |
| Growth Housing Units 2004 | |
| Growth Increase Number | 0 |
| Growth Increase Percentage | 0.0 |
| Metropolitan Details | Values |
|---|---|
| CBSA Population | 3439809 |
| CBSA Division Population | 1931249 |
| Congressional District | 09 |
| Congressional LandArea | 183.43 |
| Delivery Residential | 19397 |
| Delivery Business | 1826 |
| Delivery Total | 27949 |
| Preferred Last Line Key | Z16786 |
| Classification Code | |
| Multi-County | |
| CSA Name | Seattle-Tacoma, WA |
| CBSA_DIV_Name | Seattle-Bellevue-Kent, WA |
| City State Key | Z16786 |
| Land Area | 11.501000 |
| Water Area | 0.076000 |
| City Alias Code | |
| City Mixed Case | Federal Way |
| City Alias Mixed Case | Federal Way |
| Box Count | 0 |
| SFDU | 3808 |
| MFDU | 6947 |
| State ANSI | 53 |
| County ANSI | 033 |
| ZIP Intro | |
| Alias Intro | |
| Facility Code | N |
| City Delivery Indicator | Y |
| Carrier Route Rate Sortation | D |
| Finance Number | 540490 |
| Unique ZIP Name | |
| SSA State County Code | 50160 |
| Medicare CBSA Code | 42644 |
| Medicare CBSA Name | Seattle-Bellevue-Kent, WA |
| Medicare CBSA Type | Metro |
| Market Rating Area ID | 1 |
| County Mixed Case | King |
Washington Homeowners Insurance News & Information
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2025 Spring Cleaning Insurance Tips for Homeowners Posted on Monday 31st March, 2025
Spring is here, the days are getting longer, the weather is warming up and the trees are starting to bud. All of this makes it a great time for homeowners to knock out some spring cleaning and home maintenance. We thought it might be a good idea to look at some spring cleaning and maintenance […]
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Homeowners Now Use This Strategy To Save Money on Home Insurance. Is It a Good Idea? Posted on Wednesday 26th March, 2025
According to a new Market Watch article, homeowners who are struggling with the cost of higher homeowner insurance premiums are making the move to policies with higher deductibles to help lower their costs. While this strategy may work for some, it is not the best idea for everyone. Data from the Intercontinental Exchange (ICE) showed […]
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Florida Homeowners With Insurance Are Struggling to Get Claims Paid – Why? Posted on Wednesday 19th March, 2025
According to a recent Moneywise article, homeowners with insurance coverage in Florida are struggling to get claims paid. Chad Zalva, a single dad in Riverview, Florida, was cited as an example in the article as a homeowner who is carrying homeowners insurance but was recently surprised to learn that the damage to his home from […]