Best condo insurance companies in Virginia
There are many companies offering condo insurance coverage in Virginia. Nationwide is the best condo insurance company in Virginia based on our analysis. Our insurance experts reviewed prices and ratings from trusted sources like the National Association of Insurance Commissioners (NAIC) and AM Best.
Based on our research, here are the best condo insurance companies in Virginia.
| Company | Annual premium | AM Best rating | NAIC | Insurance.com rating |
|---|---|---|---|---|
| Nationwide | $518 | A+ | 0.87 | |
| American Family | $333 | A | 0.37 | |
| State Farm | $433 | A++ | 0.95 | |
| Universal Insurance Holding | $309 | A | 2.01 | |
| Erie Insurance | $548 | A+ | 0.38 | |
| Allstate | $623 | A+ | 0.9 | |
| IAT Insurance Group | $388 | B++ | 2.52 | |
| Farmers | $689 | A | 0.54 | |
| Travelers | $1,107 | A++ | 0.54 | |
| Progressive | $535 | A+ | 8.45 |
Average cost of condo insurance in Virginia
The average cost of condo insurance in Virginia is $548 per year or $46 per month for $60,000 in personal property coverage, $300,000 in liability coverage and a $1,000 deductible. Your actual annual premium may be higher or lower depending on where you live, the coverage limits you choose, your deductible and other factors.
To find the cheapest company for you, compare quotes from multiple insurance providers and choose the coverage that fits your needs.
| Average annual premium | $548 |
| Average monthly premium | $46 |
Condo insurance rates in Virginia by coverage level
Universal Insurance Holding offers the lowest condo insurance rates in Virginia for coverage limits of $60,000 for personal property and $300,000 for liability with a $1,000 deductible.
The second most affordable option is American Family at $333 per year. However, prices will vary depending on the coverage level you choose.
The table below shows condo insurance rates from top companies at different coverage levels.
| Company | $40,000 contents/$100,000 liability | $40,000 contents/$300,000 liability | $60,000 contents/$100,000 liability | $60,000 contents/$300,000 liability | $80,000 contents/$100,000 liability | $80,000 contents/$300,000 liability | $100,000 contents/$100,000 liability | $100,000 contents/$300,000 liability |
|---|---|---|---|---|---|---|---|---|
| Allstate | $515 | $537 | $601 | $623 | $674 | $696 | $736 | $758 |
| American Family | $240 | $242 | $330 | $333 | $427 | $431 | $525 | $529 |
| Erie Insurance | $365 | $418 | $480 | $548 | $570 | $658 | $658 | $757 |
| Farmers | $581 | $591 | $679 | $689 | $793 | $803 | $908 | $918 |
| IAT Insurance Group | $304 | $309 | $383 | $388 | $460 | $465 | $526 | $531 |
| Nationwide | $496 | $499 | $515 | $518 | $535 | $538 | $559 | $562 |
| Progressive | $457 | $462 | $530 | $535 | $584 | $589 | $637 | $642 |
| State Farm | $346 | $378 | $401 | $433 | $445 | $477 | $486 | $518 |
| Travelers | $913 | $950 | $1,064 | $1,107 | $1,196 | $1,246 | $1,374 | $1,434 |
| Universal Insurance Holding | $237 | $261 | $285 | $309 | $323 | $347 | $361 | $385 |
Condo insurance rates by company in Virginia
The cheapest option is Universal Insurance Holding, followed by American Family and IAT Insurance Group as the second and third most affordable choices. However, condo insurance rates in Virginia vary by company, so it's a good idea to shop around and compare quotes.
The table below shows condo insurance rates from major companies in Virginia.
| Company | Average annual rate | Average monthly rate |
|---|---|---|
| Universal Insurance Holding | $309 | $26 |
| American Family | $333 | $28 |
| IAT Insurance Group | $388 | $32 |
| State Farm | $433 | $36 |
| Nationwide | $518 | $43 |
| Progressive | $535 | $45 |
| Erie Insurance | $548 | $46 |
| Allstate | $623 | $52 |
| Farmers | $689 | $57 |
| Travelers | $1,107 | $92 |
Compare condo insurance rates by city in Virginia
Condo insurance rates vary by city. Factors like weather, crime rates and property values all play a role in pricing. To find the cheapest and best condo insurance in your city in Virginia, consider these factors and compare quotes from different insurance companies.
City Annual insurance premium
Methodology
Insurance.com compared condo insurance rates provided by Quadrant Data Solutions in 2023 for $60,000 of personal property coverage with a $1,000 deductible and $300,000 of liability coverage for all available ZIP codes and with a good credit score. The content was updated in 2024.
Compare Virginia condo insurance rates with other states
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