How much is homeowners insurance in Virginia Beach,VA

Why you can trust Insure.com

Quality Verified

At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.

As per Insure.com’s rate data analysis, the average cost of homeowners insurance in Virginia Beach is $3,249 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), It’s $745 more than the national average of $2,504 .

Homeowners insurance rates differ significantly from one home to another. Home insurance rates in Virginia Beach depend on several factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

Progressive is the cheapest homeowners insurance company in Virginia Beach with an average annual premium of $3,249 per year.

This guide covers everything from available coverage options to companies with the cheapest homeowners insurance rates in Virginia Beach. Keep reading to learn about the monthly cost of homeowners insurance in Virginia Beach, the cost for different dwelling coverage levels, and discover which companies provide the most affordable home insurance in Virginia Beach.

Key takeaways

The cost of your homeowners insurance policy in Virginia Beach can vary based on factors such as your location, the value of your home, and the coverage options you select.
Progressive is the cheapest homeowners insurance company in Virginia Beach with an average annual premium of $1,469.
If you increase your dwelling coverage from $200,000 to $300,000, you will pay $730 more, annually for home insurance.

How much is homeowners insurance in Virginia Beach per month

Virginia Beach homeowners pay an average of $271 a month, based on our rate analysis. It’s $93 more than the state average of $178 and $62 more than the national average for home insurance across the United States. The price of your homeowners insurance policy in Virginia Beach may vary depending on where you live, the value of your home, and the coverage you choose.

How much is homeowners insurance for a $200,000 house in Virginia Beach

In Virginia Beach, VA, homeowners pay an average of $2,519 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as – natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas are higher, resulting in higher insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

How much is homeowners insurance for a $300,000 house in Virginia Beach

According to a rate analysis by Insure.com, homeowners in Virginia Beach pay an average of $3,249 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $730 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.

However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

How much is homeowners insurance in Virginia Beach by company

After evaluating several carriers, Progressive is the least expensive homeowners insurance provider in Virginia Beach. It’s average annual rate for homeowners in Virginia Beach is $1,469.

State Farm holds the second position, while American Family secures the third spot with an average annual home insurance rate of $1,849.

Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Virginia Beach and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Virginia Beach and their average annual premiums.

Home insurance company	Annual rate
Progressive	$1,469
State Farm	$1,761
American Family	$1,849
Virginia Farm Bureau	$1,924
Allstate	$2,198
Erie Insurance	$2,555
Nationwide	$3,232
Farmers	$5,306
Travelers	$8,108

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Virginia Beach for $300,000 dwelling coverage, $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.