Virginia Farm Bureau is the best homeowners insurance company in Virginia, based on a 2023 analysis by Insurance.com, with an overall rating of 4.75. American Family came in second, with an overall rating of 4.39.
American Family offers the cheapest home insurance in Virginia at all coverage levels.
With so many options out there, it is not easy to choose a homeowners insurance company in Virginia. You need a reliable company that will provide you with quality service at an affordable price. Below you’ll find everything you need to know to get a great deal on home insurance.
Key takeaways
- The average cost of home insurance in Virginia is $1,999 a year or $166 a month.
- American Family is the cheapest home insurance company in Virginia at an average rate of $863 a year.
- Virginia Farm Bureau ranks the best home insurance company in Virginia for 2023.
- How much is homeowners insurance in Virginia?
- Best homeowners insurance companies in Virginia
- Cheapest home insurance companies in Virginia
- Virginia home insurance rates by ZIP code
- Basics of homeowners insurance in Virginia
- Virginia home insurance FAQs
- Compare homeowners insurance rates by city in Virginia
- Compare homeowners insurance rates with other states
- Methodology
How much is homeowners insurance in Virginia?
The average cost of homeowners insurance in Virginia is $1,999 a year or $166 a month. This is based on coverage of:
- $300,000 dwelling
- $300,000 liability
- $1,000 deductible.
- 2% Hurricane deductible
However, the average annual premium varies by the insurance company, your ZIP code, coverage type, and your home's age, among other factors. It’s a good idea to compare price quotes from different Virginia homeowners insurance companies to get the best deal.
Best homeowners insurance companies in Virginia
The best home insurance company in Virginia for 2023 is Virginia Farm Bureau, followed by American Family and Erie Insurance.
Below is a full list of the top Virginia insurance companies based on price, NAIC complaints, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.
*USAA only provides coverage to military members, veterans, and their families.
Cheapest home insurance companies in Virginia
Below are Virginia home insurance rates by company for six different levels of dwelling coverage, each with $300,000 in liability and a $1,000 deductible. Based on our analysis, you’ll see American Family has the most affordable rates in every category.
| Company | $200,000 | $300,000 | $400,000 | $500,000 | $600,000 |
|---|---|---|---|---|---|
| American Family | $ 669 | $ 863 | $ 1,202 | $ 1,482 | $ 2,277 |
| Virginia Farm Bureau | $ 860 | $ 1,156 | $ 1,432 | $ 1,799 | $ 2,152 |
| Progressive | $ 1,087 | $ 1,389 | $ 1,720 | $ 2,047 | $ 2,414 |
| Nationwide | $ 1,139 | $ 1,579 | $ 2,020 | $ 2,483 | $ 2,976 |
| State Farm | $ 1,245 | $ 1,568 | $ 1,887 | $ 2,305 | $ 2,696 |
| Erie Insurance | $ 1,371 | $ 1,968 | $ 2,521 | $ 3,068 | $ 3,610 |
| Allstate | $ 1,507 | $ 1,813 | $ 2,176 | $ 2,592 | $ 3,010 |
| Farmers | $ 1,883 | $ 2,758 | $ 3,799 | $ 4,702 | $ 4,822 |
| Travelers | $ 4,051 | $ 4,777 | $ 5,438 | $ 6,358 | $ 7,328 |
Virginia home insurance rates by ZIP code
Home insurance rates can vary widely depending on where the home is located. We compared home insurance rates by ZIP code in Virginia to see which areas are the most and least expensive.
Enter your ZIP code and desired coverage level in the search box to see the average home insurance rate for that area. You will also see the highest and lowest premiums from major home insurers. This will give you an idea of how much you can save by comparing home insurance rates. The difference between the highest rate and the lowest rate is how much you could save by shopping around.
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 |
The most expensive ZIP codes in Virginia for home insurance
Virginia homeowners insurance rates are the most expensive for ZIP code 23451, with an average annual cost of $3,300.
The most expensive ZIP codes in Virginia are:
| ZIP code | Average annual rates |
|---|---|
| 23451 | $ 3,300 |
| 23307 | $ 3,117 |
| 23418 | $ 3,112 |
| 23405 | $ 3,111 |
| 23454 | $ 3,084 |
| 23404 | $ 3,079 |
The least expensive ZIP codes in Virginia for home insurance
The cheapest ZIP codes for home insurance in Virginia are:
| ZIP code | Average annual rates |
|---|---|
| 22301 | $ 1,513 |
| 22043 | $ 1,526 |
| 22201 | $ 1,531 |
| 22207 | $ 1,531 |
| 22203 | $ 1,535 |
| 22332 | $ 1,540 |
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.
Compare homeowners insurance rates by city in Virginia
Home insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on home insurance for your specific city in Virginia.
| City | Annual insurance premium |
|---|---|
Fishersville | $1,266 |
Galax | $1,441 |
Harrisonburg | $1,244 |
Lynchburg | $1,390 |
Norfolk | $2,014 |
Virginia Beach | $2,257 |
Williamsburg | $1,499 |
Winchester | $1,335 |
Compare homeowners insurance rates with other states
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.
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