Popular QuestionsPopular Questions about Virginia Homeowners Insurance

How much does Virginia home insurance cost? $999

On average, American homeowners pay about $1,211 a year for their home insurance coverage. However, in Virginia, the average annual cost is significantly lower at $999 a year. This can be attributed in part to the relatively low risk of severe weather events in this state.

Homeowners insurance is vitally important because hazards like severe storms, fires, and property crimes can cause expensive losses to Virginia homeowners who are not insured.

What can Virginia home insurance do for me?

Your home insurance gives you peace of mind if disaster strikes your neighborhood. Whether it's a fire, tropical storm, tornado, or a rash of burglaries, you can rest assured knowing that your homeowners insurance can be compensate you for your losses.

Here are some of the ways that your home insurance policy can safeguard your finances:

Pays to Repair or Replace Your Home and Your Belongings

  • Dwelling insurance covers the structure of your home. Contents insurance covers your personal property. You will need to be sure to have a sufficient amount of each.
  • Example: A major windstorm causes a tree to fall onto your house and it damages your roof, siding, and a couple of windows. Also, several items inside your house are destroyed.

Pays for Someone Else's Injuries or Property Damage When It's Your Fault

  • Homeowners liability insurance covers against bodily or financial injuries to others if it can be attributed to negligent behavior by you or someone in your household.
  • Example: A neighbor’s child suffers a serious spinal injury while playing on your trampoline.

Pays for Temporary Living Expenses When Your Home Is Damaged

  • If damage caused by a covered event leaves your home uninhabitable, loss of use insurance can pay for alternative living expenses, including accommodations, meals, and other expenses, while repairs are being made.
  • Example: You need to stay in a hotel while your house is being repaired following an out-of-control kitchen fire.
Will I actually use my Virginia home insurance?

We can’t be 100% certain, but in 2016 alone, insurance companies paid out more than $1.2 billion in home insurance claims just in the state of Virginia. That's a lot of unfortunate events happening to Virginia homeowners.

How are Virginia home insurance rates calculated?

Homeowners insurance companies calculate their costs based on the value of your property and the likelihood that something bad will happen to it. The more likely it is that a harmful event will occur, the more expensive your home insurance policy will be.

These potential disasters are called "risks” or “exposures.” Let’s take a look at how risky Virginia is compared to the rest of the country.

Crime

The burglary rate in Virginia is significantly lower than the national average. This is one of the many reasons that rates are so affordable in this state.

  • Average number of burglaries per 1,000 homes in VA: 1.83
  • Average number of burglaries per 1,000 homes in the US: 3.76

Of course, there are still some high-crime areas in this state. If your home is located in one of them, you can take steps to protect your property with preventive measures like deadbolt locks and home security systems. Doing so can often result in reduced prices on your homeowners insurance.

Weather

For the most part, the climate in Virginia is rather mild. However, this state is susceptible to occasional severe weather events, particularly during hurricane season when damaging storms can strike along the Atlantic Coast.

Be sure that your home insurance provides all the coverage you need to fully rebuild and replace your property if a major disaster strikes.

  • Number of federally declared disasters since 1953: 69
  • Most common causes of disasters in the state: Severe storms, hurricanes, and floods
  • Average number of tornadoes per year in the state: 17.7
  • Amount paid in home insurance claims in VA in 2016: $1,269,321,000

Keep in mind that while homeowners insurance covers against hurricanes and storms, it will not cover flood damage even if the flood is the direct result of these storms. Fortunately, a local independent agent can help you purchase an affordable flood insurance policy to supplement your home coverage.

Home Values

The size and value of your home will play a large role in how much your home insurance costs. In Virginia, the average home value is much higher than the national average.

  • Average home value in VA: $273,400
  • Average home value in the US: $188,900

You will want to be certain that your policy’s dwelling coverage is high enough to enable you to rebuild a house of comparable size in the even that your house is completely destroyed by a disaster like a tornado or a fire.

What is the best homeowners insurance company in Virginia?

When it comes to homeowners insurance, there is no single insurance company that is “best” for everyone. The policy that provides the best value to you may not be the right choice for your neighbor. That is why independent agents compare policies and rates from multiple companies to find you the coverage that is best able to meet your specific needs.

Are there any independent insurance agents in Virginia?

Yes! There are currently 463 independent insurance agents in Virginia who are ready to help.

Independent insurance agents work for you, not for a particular insurance company, so they can work with several different providers to find you the coverage you need at the most competitive price. That way, you can be sure that you are not overpaying for your coverage.

Talk to an independent insurance agent near you to get started.

InformationFind the Best Homeowners Insurance in Your City

Now, let's take a quick peek at what’s going on in your city. Insurance companies look at a lot of factors when determining home insurance costs. One of many factors is location. Crime rates, weather catastrophes, and the overall cost of your home will also factor in to how much your home insurance will cost.

How does your city measure up to the national average?

  • National average home insurance cost : $1,211 / year
  • National average burglary rate per 1,000 homes: 3.76
  • National average home value: $188,900
CityAverage House ValueBurglary Rate per 1,000 HomesAvg. Cost of Home Insurance (Yearly)
Alexandria$916,5570.80$841
Arlington$924,9230.55$889
Centreville$753,4683.76$926
Chesapeake$303,0952.46$1,372
Dale City$287,0091.96$974
Hampton$236,3351.72$1,258
Lynchburg$203,8962.06$837
Newport News$247,6492.76$1,401
Norfolk$247,1433.23$1,432
Portsmouth$224,4903.91$1,384
Reston$748,3113.76$931
Richmond$311,2914.87$1,201
Roanoke$169,7504.88$862
Suffolk$344,3353.26$1,301
Virginia Beach$365,2461.30$1,267

Virginia Beach, VA Home Insurance

The average monthly cost of home insurance in Virginia Beach is $106.

Homeowners insurance rates in can vary significantly from one homeowner to the next. Your actual rate will be based on factors like the size, value, and location of your home; the age of your roof; the materials used in your home’s construction; and even your credit score.

One of the most expensive hazards faced by homeowners in Virginia Beach is severe storm damage. When hurricanes and tropical storms make landfall along the Eastern Seaboard, they can bring heavy rains and damaging winds to the area. If your house sustains significant damage, such as if a tree is uprooted and damages a structural wall, your homeowners insurance can help you rebuild or repair your home and replace damaged belongings. This insurance can even help you pay for a hotel if you are temporarily displaced while your home is being repaired. 

Contact a local independent insurance agent for help ensuring that your dwelling and contents insurance coverage levels are high enough to provide full coverage.

Chesapeake, VA Home Insurance

The average monthly cost of home insurance in Chesapeake is $114.

Your homeowners insurance is completely customized to details about your house and other considerations like weather risks, your claims history, and your deductible amount. Because of this, your monthly premium may be higher or lower than this city average. The best way to make sure you are paying a reasonable price for your coverage is to compare rates from a few competing insurance companies. 

One of the most devastating things a homeowner can experience is a residential fire. In addition to severely damaging your house, a fire can lead to a total loss of your personal belongings, including furniture, electronics, clothing, and irreplaceable precious items. You may take solace in knowing that your homeowners insurance has you covered. This insurance cannot bring back your irreplaceable items like photographs and original artwork, but it can give you peace of mind in knowing you can afford to rebuild and replace damaged property, as necessary.

A local independent agent can help you make sure that the coverage levels in your Chesapeake homeowners insurance policy are high enough to fully cover all of your property in the event of a total loss.

Norfolk, VA Home Insurance

The average monthly cost of home insurance in Norfolk is $119.

Of course, what you may actually be expected to pay is likely to differ from this average amount. Your rates will be calculated according to factors like the size of your home, the crime rate and weather risks in your ZIP code, the age of your roof, your credit rating, the amount of your deductible, and more. 

Hailstorms can be a problem in Norfolk, especially during the peak months of May and June. In May 1997, this city experienced a major hailstorm that caused approximately $10 million in damage. Large hailstones can damage your roof, gutters, siding, windows, and peripheral structures. Fortunately, when you have a solid homeowners insurance policy, you can rest assured that your hail-damaged home can be returned to normal without needing to face a large personal expense. 

Consult a local independent insurance agent in Norfolk to learn more about how your homeowners insurance policy can shield you from financial losses.

Arlington, VA Home Insurance

The average monthly cost of home insurance in Arlington is $74.

One of the main reasons for the low average cost of homeowners insurance in Arlington is that a majority of homes in this city are condos or townhouses, which are less expensive to buy coverage for. This is because structural (or dwelling) coverage is handled by the homeowners association’s (HOA's)master insurance policy. Additionally, most of the single-family houses in this city are on the smaller side and generally need less in the way of contents coverage than a larger house would.

Homeowners in Arlington have a significant risk of damage caused by severe storms. These storms can often bring damaging winds and lightning to the area. Fortunately, storm damage is covered by your homeowners insurance. However, if torrential rains cause flash flooding, the resultant flood damage is not covered. For this, you will need a supplemental flood insurance policy.

In addition to finding you the best and most affordable home insurance policy, a local independent agent can help you review your flood risks and can assist you with securing a reasonably priced flood insurance policy through the National Flood Insurance Program (NFIP).

Richmond, VA Home Insurance

The average monthly cost of home insurance in Richmond is $100.

Your house is probably not the same as your neighbor’s. While everyone in your neighborhood faces the same crime and weather risks, there are many more variables that go into calculating home insurance rates. Your premium will also be based on factors like the size and value of your home, the age of your roof, your claims history, and the size of your deductible. Your monthly rate for Richmond homeowners insurance may therefore be higher or lower than this average.

Richmond has a high crime rate when compared with the rest of the state. Residents of this city report about 1,500 burglaries every year. It is therefore important that you take precautions, like putting lights on timers when you are away, to help secure your home. If you have burglar alarm installed in your house, you may even qualify for a discount on your home insurance premiums. If your home is broken into and your valuables are stolen, your Richmond homeowners insurance can cover your losses.

Talk to a local independent agent to learn more about this important coverage and to learn about potential discounts for taking precautionary measures.