Home Insurance in Bellevue, Washington
The median home value in Bellevue is $1,340,300, 56% higher than the King County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Bellevue was built around 1982. About 12% of homes were built before 1960, about 10 points below King County's 23%.
In Bellevue, the housing stock is 52% single-family homes and 42% apartments in buildings with 5+ units.
61% of owner-occupied homes in Bellevue carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Bellevue has an owner-occupancy rate of 52% and a vacancy rate of 6%; unoccupied homes typically need a different coverage form.
In Bellevue, 52% of homes are primarily heated with electricity.
King County's top FEMA-rated hazard is earthquake (Very High), per FEMA's National Risk Index. King County had 6,820 active NFIP flood policies as of September 2026. See the full King County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
The statewide average premium for a standard HO-3 homeowners policy in Washington is $1,232 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $1,340,300 |
|---|---|
| Median year built | 1982 |
| Owner-occupied share | 52% |
| Share of owner-occupied homes with a mortgage | 61% |
| Top county hazard | Earthquake (Very High) |
| Active NFIP policies in King County | 6,820 |
| Home insurance premium | $1,232 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)