REVISION : How to Compare Home Insurance Quotes (2024)
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Best Homeowners Insurance in Virginia (2024)

Updated on:
Content was accurate at the time of publication.

State Farm has the cheapest homeowners insurance rate in Virginia, with rates that average $1,483 a year.

Erie Insurance and Nationwide are great options as well, due to their customer service and coverage options.

Find the Cheapest Home Insurance Quotes in Your Area

State Farm and Travelers are the cheapest homeowners insurance companies in Virginia, offering average rates of $1,483 and $1,529 a year, respectively.

CompanyAnnual Rate
State Farm$1,483
Virginia Farm Bureau$1,559
Erie Insurance$1,697

The best home companies should offer more than just cheap rates. They should also offer coverage options, discounts and good customer service, like our picks for best companies in Virginia do.

Best overall home insurance company in Virginia: State Farm

State Farm is the best overall homeowners insurance company in Virginia because of its cheap rates and great customer service ratings.

State Farm earned a score of 829 out of 1,000 points for customer satisfaction from J.D. Power’s home insurance study, above the average score of 819. J.D. Power evaluates insurance companies by their interactions with customers, policy offerings, price, billing process, policy information and claims.

Along with cheap rates, State Farm also offers a great multipolicy discount that can save you up to $1,273 on car and home insurance.


  Provides top-grade customer service

  Offers great savings through its multipolicy discount.

  Has over 19,000 agents across the U.S.


  Doesn’t offer as many home insurance discounts as main competitors

Best home insurance company in Virginia for coverage: Erie

Erie Insurance offers affordable rates along with great coverage options. It also offers a few coverage options that many competitors offer less of or don’t offer at all. This includes:

  • $500 coverage for pets
  • $500 coverage for cash and precious metals
  • Gift card and gift certificate reimbursement coverage for gift cards bought at local businesses that have permanently closed

Erie Insurance also offers guaranteed replacement cost coverage for no extra fee. However, it’s not available for all policies.

Erie Insurance received a score of 856 for customer satisfaction on J.D. Power’s home insurance study, too — it’s second only to USAA’s.


  Charges affordable home insurance rates at $1,697 a year, on average

  Has top-level customer satisfaction

  Offers unique coverages

  Multipolicy discount could typically save you up to 20%


  Only available in 12 states plus the Washington, D.C., area

  Doesn’t offer online quotes

Best home insurance company in Virginia for discounts: Nationwide

Nationwide offers a variety of home insurance discounts, some of which are easy to qualify for. You can save up to 20% if you buy home and car insurance from Nationwide.

Further, Nationwide also offers these discounts:

  • Multipolicy
  • Protective device
  • Claims-free
  • Home renovation credit
  • Roof rating
  • Home purchase
  • Prior insurance
  • Gated community
  • Smart home


  Offers more discounts than its competitors

  Includes credit card coverage with standard policies


  Has a below-average customer satisfaction score of 812 on J.D. Power’s latest home insurance study

Find the Cheapest Home Insurance Quotes in Your Area

The average cost of home insurance in Virginia is $2,499 a year, which is 11% lower than the national average of $2,801. Your rate depends on many factors, including:

  • Your dwelling coverage amount
  • The deductible amount you choose
  • Your location
  • Your insurance claim history
  • The building materials used to build you home
  • The age of your home

Home insurance rates by coverage amounts

The amount of home insurance coverage you need can have a big impact on what you pay for a policy.

For instance, you may see your home insurance rate go up by 12% if you raise your dwelling coverage limit from $350,000 to $400,000. Dwelling coverage covers repairs and any rebuilding of the physical structure of your home.

Dwelling coverageAnnual Cost

Among Virginia’s largest cities, home insurance rates range from $1,887 a year in Arlington to Virginia Beach (the commonwealth’s most populated city), where residents pay $4,120 a year, on average.

CityAnnual Rate
Dale City$2,084
Newport News$2,980
Virginia Beach$4,120

Virginia homeowners are at risk of flood damage due to the state’s coastal location. A standard home insurance policy won’t cover flood damage, but you can buy a separate flood insurance policy through the National Flood Insurance Program (NFIP) or a private flood insurance company.

In Virginia, the average cost of a flood insurance policy through the NFIP is $883 a year. Your flood insurance rate will depend heavily on the flood zone of your home.

Hurricanes are a common occurrence in Virginia. Most standard home insurance policies cover wind damage, but you may have to pay a separate deductible if you file a claim.

The rates shown in this article are based on nonbinding quotes collected from Quadrant Information Services. Average rates were compiled from rates in Virginia. The following coverages and deductibles were used unless otherwise noted:

  • $400,000 dwelling coverage
  • $40,000 other structures
  • $200,000 personal property
  • $80,000 loss of use coverage
  • $100,000 liability
  • $5,000 medical payments
  • $1,000 deductible