Home Insurance in Kennewick, WA
Protect your most valuable assets with high-quality home insurance in Kennewick, WA.
Kennewick is a city of about 85,000 residents with a community-oriented, small-town feel. It's situated in the southeast part of Washington where the Snake and Columbia rivers meet, so it's an ideal place for fishing, boating and other outdoor activities. This so-called Tri-Cities area, which also includes Pasco and Richland, saw housing prices rise dramatically through mid-2023, but a recent dip shows that it might be a good time to invest in Kennewick property.
Housing costs nearly 18% more than the national average in Kennewick, with a median price of just over $397,000. according to Sperling's Best Places. On the other hand, you'll save nearly 27% over the state average median home price of almost $535,000. Home insurance in Kennewick, WA, will provide the protection you need for this significant financial investment. You can shop around for affordable rates on comprehensive coverage with VIU by HUB.
Kennewick has an outstanding job outlook, higher-than-average annual income and low unemployment rate. If you're interested in moving here and looking for work, some of the city's largest employers include the research and development firm Battelle/PNNL, Kadlec Regional Medical Center and Lamb Weston.
As reported by Sperling's Best Places, Kennewick has an above-average rate of property crimes such as vandalism and theft, so it's important to ensure your homeowner's policy thoroughly covers these types of incidents. The city has a rate of about 2.96 of these incidents per 100 residents annually, compared to a rate of 2.68 for Washington and 2.11 for the entire nation.
Severe weather may also pose a risk for Kennewick residents. Some locations may experience mudslides and earthquakes. If you have concerns about wildfires in your area, make sure you have enough dwelling insurance to rebuild or replace the property at its current market value.
NerdWallet reports that Kennewick residents pay an average of $1,305 for annual homeowner's insurance, slightly more than the state's annual average premium. Both state and city residents see significant savings over the national homeowner's insurance average of $1,820 a year.
Those averages are based on a policy with $300,000 in liability, $300,000 in dwelling coverage, and a deductible of $1,000 for someone with good credit. You can find the best rates for a policy that fits your needs by comparing quotes with VIU by HUB.
Your standard homeowner's policy includes both property and liability protection. Property coverage pays for repair or replacement of the home, attached structures and personal items if you experience loss or damage from a covered event like fire or theft. It also covers temporary living expenses if you cannot live in your home because of this event.
Liability insurance pays for costs incurred if someone outside the family gets hurt in your home. These expenses include the person's medical payments, your legal costs and any related court settlements.
You may need to purchase additional coverage for earthquakes. Other exclusions that require a policy rider for coverage include floods, mudslides, volcanic eruptions and mold infestation.
Homeowner's insurance premiums vary significantly from one company to the next. Use VIU by HUB's easy online tool to find home insurance in Kennewick, WA. You can search for personalized quotes on the right coverage to protect your property and give you peace of mind.
This information is intended for general informational purposes only and is not intended to constitute legal advice.
Kennewick Washington Economic Development
