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Virginia Farm Bureau is the best homeowners insurance company in Virginia, based on a 2023 analysis by, 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?

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 score is calculated out of five using these factors.

Best home insurance companies in Virginia
Insurance companyAM BestAverage annual rateNAIC Complaint score
Virginia Farm BureauA+0$ 1,1564.75
American FamilyA0.6$ 8634.39
Erie InsuranceA+0.23$ 1,9684.34
NationwideA+0.75$ 1,5794.21
State FarmA++1.07$ 1,5684.2
ProgressiveA+1.38$ 1,3893.95
FarmersA0.33$ 2,7583.85
AllstateA+2.04$ 1,8133.46
TravelersA++0.6$ 4,7773.29

*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.

Cheapest home insurance rates in Virginia by coverage level
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.


Average home insurance rates in CALIFORNIA

94404 - Foster City
Dwelling $200,000, Deductible $1,000 and Liability $100,000.



Most & least expensive zip codes for homeowners insurance in California

Most Expensive

Zip CodeCityHighest Rate
92391Twin Peaks$1,426
92321Cedar Glen$1,425
92352Lake Arrowhead$1,423

Least Expensive

Zip CodeCityLowest Rate
95051Santa 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 codeAverage 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 codeAverage 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.

What does home insurance cover

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.

CityAnnual insurance premium
Virginia Beach
$1,335 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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