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Condo insurance is a must-have for condo owners. Even if you have the protection offered by your association, it may not cover the things inside of your condo like furniture and personal belongings. Therefore, purchasing condo insurance is a necessity.

Finding the best condo insurance in Virginia is no easy task. There are many factors to consider when looking for condo insurance and it can be difficult to know which company will provide you with the best coverage at a fair rate.

In this guide we'll provide a list of the best companies in Virginia, how much condo insurance costs and condo insurance rates by companies.

Best condo insurance companies in Virginia

In Virginia, you have a lot of options when it comes to finding the best condo insurance company. To make your task easier, our insurance experts have analyzed premiums, coverage offerings, J.D Power score and customer satisfaction rating of all the major insurers across Virginia. Below are the best condo insurance companies in Virginia based on Insurance.com's analysis.

  • Erie
  • State Farm
  • Allstate
  • Farmers
  • Nationwide

Compare best condo insurance companies in Virginia

Erie is our top pick for the best condo insurance company in Virginia, based on Insurance.com's rate analysis. It has earned 835 scores out of 1000 from J.D. Power and AM Best awarded it A+ rating.

State Farm and Allstate are other top performers on our list. All these providers have a strong reputation and offer competitive rates. Compare the carriers using their J.D. Power score and AM Best rating mentioned in the table below.

CompanyJ.D. Power scoreAM Best rating
Erie835A+
State Farm835A++
Allstate829A+
Farmers813A
Nationwide812A+
Liberty Mutual806A

Average cost of condo insurance in Virginia

Virginia residents pay an average of $348 annually or $29 per month for condo insurance. The recommended coverage level for condo insurance is $40,000 for personal property, $100,000 for liability protection with $1000 deductible.

Your particular condominium insurance cost will depend on the coverage level, the value of your condo, your location and the deductible amount you choose among other factors.

Average annual premiumAverage monthly premium
$348$29

CONDO INSURANCE CALCULATOR

Average condo insurance rates in VIRGINIA

$60,000
$1,000
$100,000
22101 - McLean
Personal Property Coverage $60,000, Deductible $1,000 and Liability $100,000.

AVERAGE RATE: $399

HIGHEST RATE: $1,400 LOWEST RATE: $148
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Most & least expensive zip codes for condo insurance in Virginia

Most Expensive

Zip CodeCityHighest Rate
23451Virginia Beach$603
23454Virginia Beach$584
23455Virginia Beach$548
23460Virginia Beach$548

Least Expensive

Zip CodeCityLowest Rate
24087Elliston$373
24301Pulaski$374
24059Bent Mountain$376
24131Paint Bank$377

Condo insurance rates by companies in Virginia

Erie offers the cheapest condo insurance rate in Virginia at an average of $159 annually, among the carriers surveyed. Condo insurance rates vary between companies for the same policy. So, if you don't shop around, you will not know which insurer offers the most affordable rates.

Below you will find the average annual premium of major condo insurance companies in Virginia.

CompanyAverage annual premium
Erie$159
Allstate$228
Liberty Mutual$322
First Liberty$322
LM Insurance$326
Insurance Co Of IL$354
Charter Oak Fire Ins Co$355
Nationwide$362
Travco$363
State Farm$524
Farmers$649