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Homeowners Insurance in 98416

For homeowners living in 98416, you want more affordable home insurance rates in Tacoma, right? Our rates are very competitive for homeowners living in the great city of Tacoma, WA. Many homeowners living in the 98416 area have found it very easy to shop with GetHomeInsuranceQuotes.com. For example, we clearly showcase the top home insurance companies that we will shop for you all in one place. Plus, our homeowners insurance quotes are free and our Washington licensed agents can provide a free consultation service to you that allows you to ask questions about which policy and coverage option is best for you and your family. Get the home insurance protection you need and start a free home insurance quote today, simply click the "Get Multiple Quotes Now" button. Your 98416 should appear in the zip code field ready to go. Comparing Tacoma, WA Home Insurance Quotes in your area, we can review the best rates and coverage options with multiple carriers to choose from.

98416 Home Insurance Costs Are Considered: Very Low!

The overall cost of homeowners insurance on average for a standard HO-3 home insurance policy for homeowners living in Tacoma pay around $716 per year. For affordable homeowners insurance, we have the best prices when it comes to comparing Washington home insurance rates. At GetHomeInsuranceQuotes.com, we compare the most competitive companies then we let you review the most affordable rates and coverage options. Homeowners living in the 98416 zip code usually have questions about which coverage option is best. Our process is spam and hassle free so you can get your questions answer quickly and review the best home insurance policy for you. Most of all, Tacoma homeowners enjoy saving up to 40% or even more when we apply all the discounts available. Let us help you shop and save on your Washington home insurance premium today!

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98416 Home Insurance Average Premiums

Local 98416 homeowners insurance quotes comparison

$466 /yr.

Shows Zip Code: 98416 lowest rates with discounts applied on average.

For the 98416, 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)
$466 /yr.
Average Coverage:$716 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1016 /yr.

What is the average home insurance cost for a home in 98416?

  • • The average homeowners insurance premium paid annually for a home in 98416 is around $716 per year.

What does it cost on average per month for home insurance in 98416?

  • • Homeowners in 98416 pay a monthly average cost per month around $60.00.

What kind of discount could I get if I combine my home and auto insurance together in 98416?

  • • Autoowners in 98416 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 98416.
Review average rates in another zip code:
98433 homeowners insurance rates
98445 homeowners insurance rates
98418 homeowners insurance rates
98422 homeowners insurance rates
98407 homeowners insurance rates
98409 homeowners insurance rates
98465 homeowners insurance rates
98404 homeowners insurance rates
98466 homeowners insurance rates
98447 homeowners insurance rates

Home Replacement Cost Coverage in 98416

Average Building Cost Per Square Foot in 98416: $242

Location: Tacoma, Washington (Pierce County)

Average Square Footage in 98416: 682 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 98416 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 98416 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 98416 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 682 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$242682$165,000
Additional Upgrades & Added Features$303682$206,250
Major Home Updates or Advancements$363682$247,500

It's important to understand that when you estimate your replacement cost of your home in the 98416 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 98416

Best Home & Auto Insurance Agencies in 98416

Housing Demographics for 98416

Population Review for 98416 Zip Code

For the city of Tacoma, the population within 98416 has increased to over 0 residents in population size. The current population total is 1,478. We have broken down the population based on race below. In 98416, there are over 601 in male population and 877 females.

PopulationValues
Total Population1,478
White Population1134
Black Population63
Hispanic Population160
Asian Population208
Hawaiian Population8
Indian Population17
Other Population20
Male Population601
Female Population877
Population Estimate0

Household Data for 98416

The average number of homes in 98416 is around 6, there are an average of 4.17 per household. The average house value according to local real estate values is around $165,000. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode6
Persons Per Household4.17
Average House Value$165,000
Income Per Household$0
Median Age19.7
Median Age Male19.8
Median Age Female19.6
98416 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 Businesses0
Number Of Employees0
Business First Quarter Payroll0
Business Annual Payroll0
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 Residential0
Delivery Business1
Delivery Total1
Preferred Last Line KeyZ17597
Classification CodeU
Multi-County
CSA NameSeattle-Tacoma, WA
CBSA_DIV_NameTacoma-Lakewood, WA
City State KeyZ17597
Land Area0.088000
Water Area0.000000
City Alias CodeUP
City Mixed CaseTacoma
City Alias Mixed CaseTacoma
Box Count0
SFDU0
MFDU0
State ANSI53
County ANSI053
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationC
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

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  • 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 […]

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    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 […]