Compare 98003 Home Insurance Rates Today!

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

Local 98003 homeowners insurance quotes comparison

$601 /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)	$601 /yr.
Average Coverage:	$851 /yr.
2600 sq. ft. or higher (all discounts applied)	$1151 /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 $851 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 $71.00.

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.

You can easily shop and compare home insurance rates within Federal Way, check out other zip codes nearby 98003.
To review average rates in another zip code, click on a zip code below:
98003 | 98023 |

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

Calculate Your Dwelling Coverage in 98003

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 98003
Phone: (253)946-7262
Website:

Allstate Insurance / Joe Salgado

Address: 30808 Pacific Hwy. S. #A Federal Way, WA 98003
Phone: (253)529-5604
Website: www.allstate.com

Allstate Insurance - Joe Salgado

Address: 30808 Pacific Hwy S Ste A Federal Way, WA 98003
Phone: (253)941-3500
Website: www.allstatetoolkit.com/clicks_rate.asp?MB_ID=16186

Best Home & Auto Insurance Agencies in 98003

Spencer Neff- Farmers Insurance

Address: 33309 1st Way S, #A205 Federal Way, WA 98003
Phone:
Website: http://www.seattle.citysearch.com/profile/663184990/federal_way_wa/spencer_neff_farmers_insurance.html
Info:

American Family Insurance- Behrens, Katie

Address: 34709 9th Ave S Federal Way, WA 98003
Phone:
Website: http://www.seattle.citysearch.com/profile/external/45400375/federal_way_wa/american_family_insurance_behrens_katie.html
Info:

Heinkel, Donald - Allstate

Address: 1200 S 324th St, #2A Federal Way, WA 98003
Phone:
Website: http://www.allstateagencies.com/DonHeinkel/Welcome/
Info:

American Family Insurance

Address: 27400 Pacific Hwy S Federal Way, WA 98003
Phone:
Website:
Info:

Steve Winsberg- Farmers Insurance

Address: 29005 Pacific Hwy S, #B Federal Way, WA 98003
Phone:
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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Finding affordable California homeowners insurance has become more challenging than ever. Rising rebuild costs, wildfire exposure, changing underwriting guidelines, and carrier availability have caused many homeowners across California to shop their home insurance coverage more frequently to protect both their property and their budget. If you are comparing California home insurance quotes, now is one […]
North Carolina Joint Underwriters and Wind Pool Map Explained Posted on Tuesday 19th May, 2026
North Carolina is a lovely state to call home. Our state is packed with beautiful cities, museums, restaurants and of course, some of the loveliest beaches in the country. Unfortunately, if you live in one of our amazing coastal southern cities such as Ocean Isle Beach, Sunset Beach, Oak Island Beach, Calabash, Bald Head Island, […]
California Homeowners Still Struggling to Find Insurance Coverage — What You Can Do in Today’s Market Posted on Wednesday 6th May, 2026
California homeowners aren’t imagining it—the insurance market has gotten significantly tougher over the past few years. What started as a wildfire-driven problem has now evolved into a full-scale availability and affordability challenge. As a professional homeowners insurance agent, I can tell you this: while the situation is difficult, there are still smart ways to secure solid […]

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