Best and cheapest homeowners insurance in Virginia for 2024

Based on our analysis, Erie Insurance, State Farm, American Family, Nationwide, and Farmers provide the best home insurance policies in Virginia. American Family at $871 per year, offers the cheapest home insurance in Virginia.

Leslie Kasperowicz is an insurance expert with four years of direct agency experience and over a decade of creating educational content to help insurance shoppers make confident, informed decisions.

John is the editorial director for CarInsurance.com, Insurance.com and Insure.com. Before joining QuinStreet, John was a deputy editor at The Wall Street Journal and had been an editor and reporter at a number of other media outlets where he covered insurance, personal finance, and technology.

At Insurance.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.

Erie Insurance is the best homeowners insurance company in Virginia, based on an analysis by Insurance.com, with an overall rating of 4.70. 

American Family offers the cheapest home insurance in Virginia at $871 per year for $300,000 dwelling coverage with $300,000 liability coverage and a $1,000 deductible.

With so many options, choosing a homeowners insurance company in Virginia can be challenging. 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

Best homeowners insurance companies in Virginia: Erie Insurance

The best home insurance company in Virginia for 2024 is Erie Insurance. State Farm, American Family, Nationwide, and Farmers are among other top home insurance companies in Virginia based on price, NAIC complaints, and AM Best financial ratings.

The total Insurance.com score is calculated out of five using these factors.

Cheapest home insurance companies in Virginia: American Family

Below are Virginia home insurance rates by company for five 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 all coverage levels except for $600,000 and $1,000,000 dwelling coverage.

How much is homeowners insurance in Virginia?

The average cost of homeowners insurance in Virginia is $2,151 a year or $179 a month. This is based on coverage of:

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. 

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

Most & least expensive ZIP codes for homeowners insurance in Texas

The most expensive ZIP codes in Virginia for home insurance 

Virginia homeowners insurance rates are the most expensive for ZIP code 23356, with an average annual cost of $3,309.

The most expensive ZIP codes in Virginia are:

The least expensive ZIP codes in Virginia for home insurance

The cheapest ZIP codes for home insurance in Virginia are:

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 premiumFishersville $1,333Galax $1,512Harrisonburg $1,311Lynchburg $1,457Norfolk $2,187Virginia Beach $2,519Williamsburg $1,615Winchester $1,364 Data updated in 2024 Read our full methodology

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.

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.

Methodology

Insurance.com commissioned 2023 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.

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 Virginia homeowners insurance rates with other states

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