With an average home insurance rate of $1,531, Virginia homeowners pay about $627 a year less than the nationwide average rate of $2,158.
The cost of homeowners insurance in Virginia varies depending on where you live and factors related to your house, like size, age, and construction type. While American Family has the lowest rates on average, you need to compare rates specific to your home to find the best deal.
Read on to see rates from top home insurance companies in Virginia, compare rates by coverage level, and find out how to buy Virginia home insurance with confidence.
Key takeaways
- The average cost of home insurance in Virginia is $1,531 a year or $128 a month.
- American Family is the cheapest home insurance company in Virginia at an average rate of $72 a month.
- Virginia homeowners can save up to 25% if they bundle auto and home insurance from the same company.
- How much is homeowners insurance in Virginia?
- Average cost of homeowners insurance in Virginia by coverage level
- Average homeowners insurance cost in Virginia by city
- Virginia homeowners insurance cost by ZIP code
- Cheapest homeowners insurance companies in Virginia
- Best homeowners insurance companies in Virginia
- Home insurance discounts in Virginia
- Basics of homeowners insurance in Virginia
- Virginia home insurance FAQs
- Methodology
How much is homeowners insurance in Virginia?
The average rate for Virginia homeowners insurance is $1,531 a year, which is $627, or 29% lower than the national average of $2,158. That’s for policy limits of $300,000 dwelling coverage, with $300,000 in liability insurance with a $1,000 deductible, based on Insurance.com’s 2022 rate analysis.
Average cost of homeowners insurance in Virginia by coverage level
Below you’ll see the average rate for homeowners insurance in Virginia for 10 common coverage levels, all with a $1,000 deductible.
| Coverage level | Average annual rate |
|---|---|
| $200,000 dwelling/$100,000 liability | $1,290 |
| $200,000 dwelling/$300,000 liability | $1,302 |
| $300,000 dwelling/$100,000 liability | $1,515 |
| $300,000 dwelling/$300,000 liability | $1,531 |
| $400,000 dwelling/$100,000 liability | $1,768 |
| $400,000 dwelling/$300,000 liability | $1,785 |
| $500,000 dwelling/$100,000 liability | $2,113 |
| $500,000 dwelling/$300,000 liability | $2,128 |
| $600,000 dwelling/$100,000 liability | $2,522 |
| $600,000 dwelling/$300,000 liability | $2,541 |
Average homeowners insurance cost in Virginia by city
Among Virginia’s largest cities, Alexandria has the cheapest average home insurance rate, coming in about $163 less than the state average of $1,531. And with the exception of Virginia Beach and a few others, most are well below the national average of $2,158.
| City | Average rates |
|---|---|
| Alexandria | $1,368 |
| Harrisonburg | $1,416 |
| Lynchburg | $1,421 |
| Chesapeake | $1,749 |
| Hampton | $1,785 |
| Virginia Beach | $2,042 |
Virginia homeowners insurance cost by ZIP code
The cheapest ZIP code in Virginia for home insurance is 22935 (Boonesville and surrounding cities), with an average annual rate of $1,204, while 23451 (Virginia Beach) is the most expensive ZIP code in Virginia at $2,233 per year.
Enter your ZIP code in the rate comparison tool below to see the average home insurance rate for that area, as well as the highest and lowest premium fielded from major insurers. Default rates are for coverage of $300,000 dwelling, $1,000 deductible and $300,000 liability. This will give you an idea of how much you can save by comparing home insurance rates. The difference between the highest and lowest rate is what you can save by comparing rates.
HOME INSURANCE CALCULATOR
Average home insurance rates in CALIFORNIA
AVERAGE RATE: $797
Most & least expensive zip codes for homeowners insurance in California
Most Expensive
| Zip Code | City | Highest Rate |
|---|---|---|
| 92325 | Crestline | $1,450 |
| 92391 | Twin Peaks | $1,426 |
| 92321 | Cedar Glen | $1,425 |
| 92352 | Lake Arrowhead | $1,423 |
Least Expensive
| Zip Code | City | Lowest Rate |
|---|---|---|
| 94086 | Sunnyvale | $742 |
| 94085 | Sunnyvale | $743 |
| 94087 | Sunnyvale | $743 |
| 95051 | Santa Clara | $743 |
Cheapest homeowners insurance companies in Virginia
American Family, Virginia Farm Bureau, Progressive, State Farm and Nationwide are the top five cheapest home insurance companies among those surveyed by Insurance.com in 2022. Take a look at how much you can save by comparing homeowners insurance quotes from various companies.
| Company | Average rate |
|---|---|
| American Family | $863 |
| Virginia Farm Bureau | $1,156 |
| Progressive | $1,389 |
| State Farm | $1,568 |
| Nationwide | $1,579 |
| Allstate | $1,813 |
| Farmers Insurance | $1,866 |
| Erie Insurance | $1,905 |
Best homeowners insurance companies in Virginia
These are the following are the best homeowners insurance companies that do business in Virginia based on ratings from J.D. Power and A.M Best, as well as Insurance.com’s overall rating out of five, based on our 2022 ranking of the best home insurance companies in the U.S.
| Company Name | J.D. Power rating | A.M best rating | Insurance.com rating (out of 5) |
|---|---|---|---|
| Erie | 827 | A+ | 4.1 |
| State Farm | 829 | A++ | 3.8 |
| Allstate | 815 | A+ | 3.3 |
| American Family | 842 | A | 3.1 |
| Farmers | 792 | A | 3.1 |
| Nationwide | 816 | A+ | 3.1 |
| Progressive | 801 | A+ | 2.6 |
Home insurance discounts in Virginia
Aside from a discount for insuring a new home (an average of 36% off your rate), the homeowner insurance discount that saves Virginia residents the most is bundling coverage with their auto insurer. That nets an average savings of 25%, based on Insurance.com’s 2022 analysis of home discounts.
Basics of homeowners insurance in Virginia
Unlike car insurance, there is no law requiring you to have home insurance or defining how much coverage you need. But similar to car insurance, homeowners insurance rates vary significantly among insurance companies because each carrier uses its own formula to set rates. How much you pay for Virginia home insurance depends on the value and materials of your home and belongings, as well as the number and cost of insurance claims in your area. So, like auto insurance, the best way to find cheap home insurance in Virginia is to compare rates from at least three insurance companies.
To help you shop for coverage, here’s a look at the basic components of home insurance, and how much to get to make sure you’re not underinsured.
Virginia home insurance FAQs
Is damage from wind and hail covered by home insurance in Virginia?
Wind and hail damage are typically covered by standard home insurance policies. However, some insurance companies may include a separate deductible for hurricane damage. Also, some home insurance policies do not cover cosmetic damage from hail.
Is flood damage covered by homeowners insurance in Virginia?
No. You need to buy a separate flood insurance policy from a private company or through the federal National Flood Insurance Program (NFIP). There is typically a 30-day waiting period for a new flood insurance policy to take effect, so you can’t wait until a hurricane is about to hit and expect to buy a policy that will protect you immediately.
Methodology
Insurance.com commissioned 2022 home insurance rates from Quadrant Data Services fielded across all Virginia ZIP codes. Rates were fielded at multiple coverage levels with a deductible of $1,000.
