Best Washington, D.C. car & homeowners insurance as rated by customers in 2023
In Washington D.C., bundling your insurance policies can save you a significant amount of money. Many insurance companies offer a discount to customers who bundle their car insurance with their homeowners insurance or another type of insurance. If you bundle, you could see a discount of between 5-25 percent on your insurance in most cases.
In addition to savings, there are other benefits to bundling your insurance in Washington D.C. Your policies will be grouped together with one premium amount. This avoids having to pay multiple insurance bills and simplifies your process. Find out if bundling your insurance in Washington D.C. is a good idea for you.
What are the car insurance minimum requirements in Washington D.C.?
- Bodily injury — $25,000 per person
- Bodily injury — $50,000 per accident
- Property damage — $10,000 per accident
- Bodily injury — $25,000 per person
- Bodily injury — $50,000 per accident
- Property damage — $5,000 per accident ($200 deductible)
Visit our blog to learn more about car insurance in Washington, D.C..
How likely is a disaster in Washington, D.C.?
Weather-related incidents are typically among the costliest homeowners insurance claims. FEMA has published statistics for each state since 1953. Data is updated through August 2018. Here’s a look at the Washington, D.C. federally declared disasters since 1953:
- Severe storm - 9
- Hurricane - 6
- Snow - 3
- Earthquake - 1
Visit our blog to learn more about homeowners insurance in Washington, D.C..
What are average Washington, D.C. car and homeowners insurance rates?
The following statistics show average prices for car and homeowners insurance in Washington, D.C. for 2015, according to Insurance Information Institute data. The combined price is a calculation done by Clearsurance for illustrative purposes.
- Average Washington, D.C. car insurance expenditure - $1,190.39
- Average Washington, D.C. homeowners insurance premiums - $1,196
- Combined average Washington, D.C. car and homeowners rates - $2,386.39
To put the potential savings by bundling in perspective, if a Washington, D.C. resident received a discount of 10 percent for bundling their car and homeowners insurance policies, they’d save an average of nearly $240 a year. If they earned a 20 percent discount, they could see an average savings of more than $475 a year by bundling. Read on to learn more about the potential benefits of bundling your car and homeowners insurance policies.
What is covered by a homeowners insurance policy?
Every homeowners policy is different, so you will need to look through the details carefully to make sure you're getting the coverage you need before signing anything. Most homeowners policies are made up of the following coverages:
Dwelling coverage Personal property coverage Other structures coverage Personal liability coverage
You may also be able to add various riders (additional coverage options) to your possible, such as identity theft coverage and water backup damage. Expensive homes may require higher limits. Most homeowners insurance companies offer flexible policies so you can get the level of coverage you need.
A standard homeowners insurance policy covers you from perils like fire, smoke, vandalism and malicious mischief, lightning, explosions, and more. This should go a long way toward giving you peace of mind about your home.
Can you save by bundling car and homeowners insurance in Washington D.C.?
Among the benefits of purchasing car insurance and homeowners insurance from the same company in is the savings you may see on both policies. Many Washington D.C. insurance companies offer a multi-policy discount for bundling car and home (or other policies like life insurance or renters insurance). So instead of paying a full premium price for car insurance with one company and full price for homeowners with a different insurer, you could see discounted rates on both car and home by purchasing both policies from one carrier.
Interested in learning more about the potential savings you could receive by bundling your policies in Washington D.C.? Find an insurance company you’re interested in on the rankings table and visit its profile page where we’ve listed the discounts the company offers. The amount of savings you’ll see will depend on the insurer and your own situation, so it’s best to call the company or your agent to find more detailed information on specific insurance discounts.
What are the benefits of bundling in Washington D.C.?
Keeping track of one policy, the payments, the paperwork and the renewal date is more than enough to make your head spin. Throw in multiple policies with different insurance companies and it can be maddening. But what if everything for your car and home was in one place?
Beyond just the potential savings, the convenience of having both policies with the same company can often be worth bundling with one company — if you can find an insurer you feel confident in that sells both products in Washington D.C.. Having one renewal date, less paperwork and one insurance company to call can make insuring a car and home a lot more manageable in Washington D.C.
While it isn’t pleasant to think about, situations do arise where policyholders need to file a claim for their home and car at the same time. Take for instance, a severe windstorm that drops a tree on your car and home, or a fire that causes damage to your car and home. In the event you have to file a claim on both policies, some Washington D.C. insurance companies only require you to pay one deductible, limiting your out-of-pocket costs. Plus, you’ll only have to deal with one company during the claims process instead of two.
Can you bundle more than car and homeowners insurance?
While the rankings on this page are only for companies that sell both car and homeowners insurance in Washington D.C., that isn’t to say you can’t bundle additional policies with the same company. If you have a life insurance policy, renters insurance policy, motorcycle insurance policy, boat insurance policy, etc., it’s worth researching whether the company also offers coverage for these products.
The convenience and savings doesn’t need to stop at just car and homeowners insurance. By bundling additional products, you could see a higher percentage discount.
Is bundling the best option in Washington DC?
In some instances, bundling your car and homeowners insurance won’t result in savings. Even with a multi-policy discount, sometimes you’ll pay less by having your car and homeowners insurance with different companies in Washington D.C.
What are some situations where this may be the case? If you have a poor driving record or young drivers on your policy resulting in expensive premiums, sometimes you can find cheaper rates with a company that may not offer homeowners insurance in Washington D.C. or offers a good deal on car insurance. Of course, while price is important, you never want to sacrifice quality to save a couple bucks, so make sure to read insurance company reviews and ratings before making a decision.
Likewise, if you live in an area prone to natural disasters with high risk, it can result in expensive homeowners insurance rates. In these cases, it may pay to shop for policies with separate companies in addition to receiving bundled quotes. Depending on where you live, you may also have to buy a separate flood insurance policy or earthquake insurance policy if you wish to be covered for these perils.
Interested in seeing the top-ranked car insurers and homeowners insurers separately? Check out our rankings pages for each line of insurance in Washington D.C.: car, home and renters.
How does Clearsurance rate and rank insurance companies in Washington D.C.?
Consistent with its mission towards greater transparency, Clearsurance does not keep its rating and ranking formulas in a black box. Our algorithm analyzes a range of inputs from our independent community of insurance customers, including:
- Customer Service
- Claim service
- Likelihood to renew
The algorithm also takes into account the percentage of what customers say the company does well vs. the percentage of what customers say the company could do better.
The Clearsurance customer service ratings and rankings are derived entirely from customer reviews and ratings.
Look over homeowners insurance reviews for each company you're considering and make sure to take ratings into account and not just price.