Average homeowners insurance cost in Virginia

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Whether you’re buying a new home or want to protect the property you currently own, it’s important to have sufficient homeowners insurance coverage in place. But home insurance policies can get expensive, depending on the coverage level you choose and your insurer.

On average, Virginia homeowners insurance costs $2,043 a year, based on Insure.com’s data.

Learn more about the average homeowners insurance rates by company and ZIP code in Virginia.

Key Takeaways

Homeowners insurance costs an average of $2,043 a year, based on Insure.com analysis.
Amongst all the ZIP codes in Virginia, 22301 has the most affordable home insurance rates, around $1,497 annually.
In Virginia, American Family provides the most affordable home insurance at an average annual premium of $857.

Average home insurance cost in Virginia by coverage level

The average cost of homeowners insurance in Virginia is $2,043 per year for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1000 deductible.

However, if you increase the dwelling coverage from $300,000 to $400,000, you will pay $2,571 per year for homeowners insurance in Virginia for $100,000 in liability protection and $1000 deductible.

Find below the average cost of homeowners insurance in Virginia for dwelling coverage of $300,000, $400,000 and $500,000

Coverage	Average annual rate	Average monthly rate
$3,00,000 with $1,000 Deductible and $1,00,000 Liability	$2,043	$170
$4,00,000 with $1,000 Deductible and $1,00,000 Liability	$2,571	$214
$5,00,000 with $1,000 Deductible and $1,00,000 Liability	$3,100	$258

Homeowners insurance companies in Virginia decide rates based on risks. They consider your location, claims history, credit history and coverage limits, etc., to calculate premiums.

If your neighborhood has seen many claims over the past few years, you can expect to pay higher home insurance rates than an area with few to no claims. Your credit score can also play a role in determining your home insurance costs.

Best homeowners insurance companies in Virginia

It’s always wise to shop around and compare prices before you buy your home insurance. There are many factors that go into deciding the best homeowners insurance company.

We have compared the insurers in Virginia using their J.D. Power score and AM Best rating and put together a list of the best homeowners insurance in Virginia. Based on the analysis, American Family received the highest J.D. power score of 842 and A rating from AM Best.

Company	A.M. Best rating	J.D. Power rating	Overall score
American Family	A	842	4.38
State Farm	A++	829	4.21
Erie Insurance	A+	827	3.59
Nationwide	A+	816	3.57
Allstate	A+	815	3.41
Progressive	A+	801	3.33
Farmers Insurance	A	792	1.93

Average homeowners insurance cost by company in Virginia

American Family offers the most affordable homeowners insurance in Virginia, at an average annual premium of $857 a year, followed by Virginia Farm Bureau and Progressive.

You can save hundreds— if not thousands of dollars each year if you shop around for homeowners insurance.

Here are the average annual and monthly insurance rates for Virginia homeowners for a policy with $300,000 dwelling coverage and $100,000 liability protection with a $1000 deductible.

Company	Average annual rate	Average monthly rate
American Family	$857	$71
Virginia Farm Bureau	$1,150	$96
Progressive	$1,379	$115
State Farm	$1,536	$128
Nationwide	$1,570	$131
Allstate	$1,778	$148
Erie Insurance	$1,962	$164
Farmers	$2,738	$228
Travelers	$4,754	$396

Virginia homeowners insurance rates by ZIP code

Insurance companies in Virginia assess the risk associated with a specific location. ZIP codes with higher crime rates, instances of natural disasters, or poor road conditions may be deemed higher risk, resulting in higher insurance rates. The cost of rebuilding or repairing homes in a specific ZIP code can also impact how much you pay for a home insurance policy.

Make sure you shop around and compare quotes from various insurance companies to get the best deal on homeowners insurance rates in Virginia. Don’t forget to ask about any available discounts, such as bundling policies or a smart home discount.

Most affordable ZIP codes for home insurance rates in Virginia

Not every area in Virginia has the same home insurance cost. How much is home insurance in Virginia depends on a lot of different factors and one of them is your ZIP code. 22301 ZIP has low cost home insurance rates in Virginia, at about $1,497 a year or $125, based on Insure.com data.

Find below the homeowners insurance rates for some of the most affordable ZIP codes in Virginia.

ZIP code	Average annual rate	Average monthly rate
22301	$1,497	$125
22043	$1,511	$126
22207	$1,515	$126
22203	$1,520	$127
22332	$1,525	$127
22304	$1,528	$127
22044	$1,528	$127
22205	$1,531	$128
22202	$1,535	$128
22305	$1,536	$128

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in Virginia by city

Final thoughts

Finding the right homeowners insurance company takes some digging and comparing quotes from various insurers.

Home insurance companies gauge risk differently from one another. That’s why getting quotes from at least three homeowners insurance companies is important for getting affordable homeowners insurance in Virginia.

Methodology

Insure.com worked with Quadrant Information Service to get homeowners insurance data. To determine the average premiums, we analyzed 14,723,760 insurance quotes from 147 insurance companies across 34,587 ZIP codes.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level