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98405 Homeowners Insurance Quotes & Coverage Options

For homeowners like you shopping online for home insurance quotes in the 98405 zip code it's important to know that our rates are very competitive for homeowners living in Tacoma, WA. Many homeowners based out of your 98405 area have found it very easy to shop with GetHomeInsuranceQuotes.com. For example, we clearly showcase the carriers that we will shop for you. Plus, our home insurance quotes are free and our Washington licensed agents can provide a free consultation service to you that allows you to ask questions about the rates and coverage options. To start a free home insurance quote, simply click the "Get Multiple Quotes Now" button. Your 98405 should appear in the zip code field ready to go. For Tacoma, WA Homeowners Insurance Quotes nearby, we offer the best rates and service.

98405: Average Home Insurance Rates

For homeowners living in the great city of Tacoma, the average homeowners policy is considered very low in comparison to other states. Washington premiums are estimated to be around $740 per year for homeowners insurance rates. You can easily save up to 40% or more, let us help you shop multiple home insurance quotes for free.

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98405 Home Insurance Average Premiums

Local 98405 homeowners insurance quotes comparison

$490 /yr.

Shows Zip Code: 98405 lowest rates with discounts applied on average.

For the 98405, 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)
$490 /yr.
Average Coverage:$740 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1040 /yr.

What is the average home insurance cost for a home in 98405?

  • • The average homeowners insurance premium paid annually for a home in 98405 is around $740 per year.

What does it cost on average per month for home insurance in 98405?

  • • Homeowners in 98405 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 98405?

  • • Autoowners in 98405 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 Tacoma area, check out other zip codes nearby 98405.
Review average rates in another zip code:
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98444 homeowners insurance rates
98403 homeowners insurance rates

Home Replacement Cost Coverage in 98405

Average Building Cost Per Square Foot in 98405: $242

Location: Tacoma, Washington (Pierce County)

Average Square Footage in 98405: 1,410 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 98405 before you start any project. Tacoma 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 98405 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 98405 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,410 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 Tacoma 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$2421,410$341,100
Additional Upgrades & Added Features$3031,410$426,375
Major Home Updates or Advancements$3631,410$511,650

It's important to understand that when you estimate your replacement cost of your home in the 98405 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 98405

Best Home & Auto Insurance Agencies in 98405

American Family Insurance - Jake Berner

Address: 1436 S Union Ave Tacoma, WA 98405
Phone:
Website: http://www.national.citysearch.com/profile/external/603164402/tacoma_wa/american_family_insurance_jake_berner.html
Info:

Country Financial

Address: 4707 S 19th St, Ste 120 Tacoma, WA 98405
Phone:
Website: http://www.countryfinancial.com/derek.floor
Info:

Housing Demographics for 98405

Population Review for 98405 Zip Code

For the city of Tacoma, the population within 98405 has increased to over 25,118 residents in population size. The current population total is 24,617. We have broken down the population based on race below. In 98405, there are over 12002 in male population and 12615 females.

PopulationValues
Total Population24,617
White Population14761
Black Population3480
Hispanic Population2609
Asian Population1294
Hawaiian Population319
Indian Population416
Other Population869
Male Population12002
Female Population12615
Population Estimate25118

Household Data for 98405

The average number of homes in 98405 is around 10,722, there are an average of 2.23 per household. The average house value according to local real estate values is around $341,100. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode10,722
Persons Per Household2.23
Average House Value$341,100
Income Per Household$67144
Median Age36.1
Median Age Male35.5
Median Age Female36.9
98405 DetailsValues
StateWA
State Full NameWashington
City TypeP
City Alias Abbreviation
Area Code253
CityTacoma
City Alias NameTACOMA
CountyPierce
County FIPS053
State FIPS53
Time Zone8
Day Light SavingY
MSA7602
PMSA8200
CSA500
CBSA42660
CBSA_DIV45104
CBSA_TypeMetro
CBSA_NameSeattle-Tacoma-Bellevue, WA
MSA_NameSeattle-Tacoma-Bremerton, WA CMSA
PMSA_NameTacoma, WA PMSA
RegionWest
DivisionPacific
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses659
Number Of Employees18206
Business First Quarter Payroll320948
Business Annual Payroll1361904
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 Population795225
Congressional District06
Congressional LandArea6902.73
Delivery Residential11264
Delivery Business724
Delivery Total14411
Preferred Last Line KeyZ17597
Classification Code
Multi-County
CSA NameSeattle-Tacoma, WA
CBSA_DIV_NameTacoma-Lakewood, WA
City State KeyZ17597
Land Area4.099000
Water Area0.016000
City Alias Code
City Mixed CaseTacoma
City Alias Mixed CaseTacoma
Box Count0
SFDU6903
MFDU3677
State ANSI53
County ANSI053
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number548330
Unique ZIP Name
SSA State County Code50260
Medicare CBSA Code45104
Medicare CBSA NameTacoma-Lakewood, WA
Medicare CBSA TypeMetro
Market Rating Area ID5
County Mixed CasePierce

Washington Homeowners Insurance News & Information

  • 2025 – Study Shows Home Insurance Market Stabilizing Posted on Wednesday 11th December, 2024

    According to a new report from Matic, the homeowner’s insurance market has shown signs of stabilizing roughly two years after major premium hikes and coverage challenges.  Even though premiums are high, trends in the insurance industry show that a slowdown in premium growth may be coming. Here is a brief overview of the report and […]

  • What’s the average home insurance rate for a $300K home in 2024? Posted on Monday 9th December, 2024

    A recent report from Insurance.com found that the average homeowners insurance rate for a $300,000 in homeowners coverage hit $2,777 per year which breaks down to $231 monthly.  The cost of homeowners insurance in some states can be extremely expensive, for years Florida has been know to have the highest premiums in the nation. When […]

  • $4.5B Estimated In Insured Losses After 2024 Florida Hurricanes Posted on Wednesday 13th November, 2024

    According to the Florida Office of Insurance Regulation, the three hurricanes that made landfall this year have caused more than $4.5 billion in estimated insured losses. Hurricane Debby, Helene and Milton all hit the state within two months of each other Helene and Milton struck just two weeks apart. State data show that over 269,000 […]