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The Best Homeowners Insurance in Virginia [2023]

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Find a top-ranked Homeowners Insurance Agency in your area

Established in 1788, Virginia was one of the first of the original 13 colonies to be established by the English. With charming colonial architecture and brick-paved streets, the state is known for its varied landscape and historic landmarks. 

Its proximity to the Atlantic coast means that many homeowners find themselves in the path of potential hurricanes, making it all the more important to adequately protect their home and personal belongings. 

We at Expertise.com have analyzed a handful of home insurance companies. We’ll uncover everything to know about homeowners insurance in Virginia, and help you find the most comprehensive, cheapest coverage to suit your needs.

Average Cost of Homeowners Insurance in Virginia

The average cost of homeowners insurance in Virginia is $1,956 per year according to Insurance.com, which is 15% lower than the national average. 

The cost of home insurance in Virginia can differ vastly based on a few key factors:

  • The age of your home: Is your Virginia home an older home that is at risk of more structural wear and tear?

  • The square footage of your home: How big is your home? In general, larger homes will cost more to insure.

  • The materials used to build your home: Was your Virginia home built using materials prone to things like rotting or structural damage?

  • Building costs in your area: Because insurance deals with repairs and replacement, coverage increases with increased building costs.

  • The location in which you live: What are crime rates like? How close are you to a fire department? How close are you to water or the coastline?

  • Any additional features: Does your house have a swimming pool or hot tub that could pose a potential risk to guests? Do you have pets, and if so, what are their breeds? Surprisingly, insurers will look at these things when assessing prices.

  • Your deductible: A higher deductible will decrease your premium, but could cost you more if you file an insurance claim. Talk to your insurance company about diminishing deductibles to get the best plan that suits your payment needs.

Virginia Homeowners Insurance Rates by City

The average annual home insurance rate varies city by city, with Hampton Beach showing the highest average annual rate in the state. 

To give you an idea of what insurance can cost in your state, we’ve provided a breakdown of the average annual rates by Virginia city

City

Average Annual Rate

Arlington

Alexandria

Falls Church

McLean

Fairfax

Reston

Annandale

Lynchburg

Fredericksburg

Newport

Halifax

Richmond

Williamsburg

Suffolk

Chesapeake

Hampton

Norfolk

Hampton Beach

The Best Homeowners Insurance in Virginia

After extensive research, we at Expertise.com found the following insurance agencies to provide the best, comprehensive coverage in Virginia:

Erie Insurance logo

Erie


Average Annual Rate: ~$1,209

Notes: Generous coverage perks including guaranteed cost replacement

Esurance

Esurance


Average Annual Rate: N/A

Notes: Standard plans include water backup and fire department coverage 

Nationwide logo

Nationwide


Average Annual Rate: ~$1,199

Notes: Comprehensive coverage with many available discounts 

Chubb logo

Chubb


Average Annual Rate: ~$1,087

Notes: Comprehensive coverage for high-value homes with various member perks

AIG

AIG


Average Annual Rate: N/A

Notes: Providers high coverage limits for high-value homes

Be sure to contact each agency for a more accurate home insurance quote.

Cheapest Homeowners Insurance in Virginia

The cheapest homeowners insurance coverage in Virginia is Charter Oak for a policy with $300,000 in dwelling and liability coverage, with a $1,000 deductible. 

Remember that each homeowners insurance quote will vary depending on the details of your home and your personal information, so it’s a good idea to get quotes from multiple companies before making a decision. If you’re aiming to keep your home insurance costs low, check Crestbrook’s coverage options first.

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Find Cheap Homeowners Insurance in Your Area

FAQs

Below, we tackle some common questions to help you make a more informed decision about which homeowners insurance to choose in Virginia specifically.

How to Reduce Homeowners Insurance Costs in Virginia

As we’ve pointed out, the price you pay for insurance can vary substantially across insurers. 

Here are a few ways to reduce costs:           

  • Increase your deductible. This will help reduce monthly costs to your insurer, but it may mean paying more out of pocket should you need to make a claim. Similarly, paying your 6-month or 1-year premium in full will drive down monthly costs.

  • Bundle policies. Bundling your home and auto insurance can help you save 5–15% on your insurance premiums. Talk to your insurance company about home and car insurance bundling options and how that helps you save.

  • Take the necessary steps to make your home disaster-resistant. Some examples include:

    • Install a smoke detector and/or fire alarm.

    • Get a burglar alarm and/or dead-bolt locks.

    • Install a sprinkler system.

  • Nix the high-risk accessories. Similar to the above point, rid your home of things that are considered “high risk.” For example, did the kids go off to college? Time to throw out that trampoline that’s sitting in the backyard.

  • Seek out other discounts. Some things to look into:

    • Do you work from home? Insurance providers may feel you’re less prone to theft or may spot a fire or flood sooner.

    • Are you retired? You may qualify for a discount. 

    • Does your employer offer a group deal?

    • Are you a new homeowner? Some companies offer discounts for first-time homebuyers.

    • Even something as simple as choosing paperless billing can help you save!

  • Keep good credit. Some agencies will look at your credit history and charge less for those with good financial strength and standings.

As always, consult your insurance agent to see which of the above discounts you qualify for.

Virginia Insurance Options in Your City

At Expertise.com, our goal is to connect Virginia residents with the best local experts and agencies, so you can find the home insurance policy that safely insures your home and most prized possessions. 

View our list of the 14 best homeowners insurance agencies here

Learn more about the best options in your respective Virginia cities below:

Our methodology evaluates each company based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.