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If you rent a home or apartment, then it is important that you have the right renters insurance to protect your personal property and its contents. Renters insurance covers damage caused by smoke or fire, vandalism, theft, a windstorm, and other natural disasters.

Renters insurance costs an average of $302 a year for Virginia residents. However, rates vary based on the zip code, property you want to insure, coverage you choose among other factors.

If you are in search of the best renters insurance in Virginia, then this guide is for you. We have compared major insurance carriers and their average annual premium for Virginia residents. Read on to know more about the insurance companies that have the best renters insurance policies, insurers that provide the cheapest rates, and the least and most expensive zip codes for renters insurance in Virginia.

KEY TAKEAWAYS
  • State Farm is one of the best renters insurance companies in Virginia with the highest J.D. Power score (866) among the carriers surveyed.
  • The average annual premium for renters insurance in Virginia is $302 or $25 per month.
  • The least expensive zip code for renters insurance in Virginia is 20124, and its average annual rate is $264.

Best renters insurance companies in Virginia

When it comes to choosing the best renters insurance company in Virginia, you want to make sure that you are comparing apples to apples. Our experts at Insurance.com have compared quotes, coverage options and J.D Power score from all the major insurers in Virginia. Below is the list of best renters insurance companies in Virginia:

  • State Farm
  • Nationwide
  • Allstate
  • Farmers
  • Liberty Mutual

Compare best renters insurance companies in Virginia

State Farm is one of the best renters insurance companies in Virginia with the highest J.D. Power score (866) among the carriers surveyed. Its average insurance rate is $230 a year.

You may want to take a look at what each plan offers, and which providers offer excellent customer service. The most important thing is to compare quotes from all the options available before making the final decision.

Find below the list of best renters insurance providers and their average annual insurance rate.

CompanyJ.D. Power scoreAverage annual rate
State Farm866$230
Nationwide834$346
Allstate833$211
Farmers831$374
Liberty Mutual823$487

How much is renters insurance in Virginia

The average annual premium for renters insurance in Virginia is $302 or $25 a month. However, this amount may vary by location and the amount of coverage you choose.

Based on an analysis by Insurance.com, the recommended renters insurance coverage level is $40,000 for personal property coverage, with a $1,000 deductible and $100,000 of liability protection.

Average annual premiumAverage monthly premium
$302$25

10 Most expensive zip codes in Virginia for renters insurance

If you are a renter in Virginia, it's important to know that your renters insurance premium may vary depending on the zip code you live in. The most expensive zip code for renters insurance in Virginia is 23451, and its average rate is $402 annually.

Here are the 10 most expensive zip codes in Virginia for renters insurance-

ZIP codeAverage annual rate
23451$402
23454$396
23518$392
23455$391
23507$388
23511$386
23323$385
23452$384
23457$382
23460$381

10 Least expensive zip codes in Virginia for renters insurance

Insurance companies take into account several factors including your zip code when deciding on insurance premium for your standard renters insurance policy. The least expensive zip code for renters insurance in Virginia is 20124, and its average annual rate is $264.

We have gathered price quotes from major insurance companies across all the zip codes and prepared a list of the 10 least expensive zip codes in Virginia for renters insurance.

ZIP codeAverage annual rate
20124$264
22079$266
20170$267
20120$268
20191$269
20121$270
22041$271
20132$272
20117$273
20105$274

Cheap renters insurance in Virginia by carrier

One of the best ways to save money on renters insurance is to get quotes from several different insurers to find out which company offers the cheapest rates to Virginia renters. Among the carriers surveyed, Allstate is the cheapest renters insurance company in Virginia, and its average annual premium is $149.

Find below the list of cheap renters insurance companies in Virginia and their average annual premium.

Company nameAverage annual premium
Allstate$149
Charter Oak Fire$194
Erie$198
Travco$198
State Farm$224
Nationwide$297
Farmers$334
Safeco$338
LM Insurance$438
First Liberty$439
Liberty$439
Liberty$439

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