Find the Best Homeowners Insurance Rates & Companies in West Virginia
Homeowners insurance in West Virginia tends to be quite affordable, especially compared to rates in the rest of the country. The current US average cost of homeowners insurance is $1,211 per year, while residents in West Virginia pay only $940 annually. West Virginia overall ranks number 39 of all states, in terms of home insurance costs.
Buying a new home in West Virginia costs about $144,330, on average. A home is one of the biggest investments you make in your lifetime, which is why it deserves the right protection. A solid homeowners insurance policy can help achieve this.
An independent insurance agent can help you browse your options for home coverage and get you set up with the policy that works best for you. But until then, here's a deep dive into home insurance in West Virginia.
Best Homeowners Insurance Companies in West Virginia
Though you can get home insurance from many different providers in West Virginia, you'll want to skip right to the carriers that you know deliver quality coverage and service. That's why we've gone ahead and compiled a list of our top picks for the best homeowners insurance companies in West Virginia for you. Start with these winners:
- Foremost: Foremost offers home insurance among its many property coverages. High ratings from both AM Best and the Better Business Bureau (BBB), along with 24/7 claims reporting, help Foremost earn its spot as a top contender for the best home coverage in West Virginia.
- Encova: Encova offers home insurance as well as many other products. Tons of discount options and high ratings by AM Best and the BBB, as well as 24/7 claims reporting, all make Encova a top contender.
- Stillwater: Stillwater offers home insurance and many other coverages. With excellent ratings for financial strength and overall by the BBB, as well as its 24/7 claims reporting, Stillwater easily earns one of our top picks.
- Progressive: Progressive offers home insurance as one of its many products. With high financial strength ratings, 24/7/365 customer service, and a plethora of discount options, Progressive is not to be overlooked.
A West Virginia independent insurance agent can help you determine if any of these carriers offer the type of homeowners insurance that best meets your needs.
What Homeowners Insurance in West Virginia Can Cover
West Virginia's homeowners insurance policies come with the same basic coverages as those found in any other state. Expect your policy to start off with at least the following:
- Loss of use coverage: If you have to live somewhere else, like a hotel, while your home is being repaired after a covered disaster, this coverage can pay your extra costs.
- Dwelling coverage: If your home's structure gets damaged or destroyed by a disaster like a fire, vandalism, lightning, falling objects, etc., this coverage can pay for the repairs or rebuilding.
- Liability coverage: If you get sued by a third party for claims of personal property damage or bodily injury, this coverage can pay for legal costs like attorney and court fees.
- Contents coverage: If your personal property, like clothing, gets stolen, damaged, or destroyed by a covered disaster like a fire, this coverage can help pay for the repairs or replacement.
Home insurance provides coverage for certain natural disasters as well, but not all of them. Let's start by examining which natural disasters West Virginia is most prone to:
- Severe storms
- Winter storms
You'd need to add a flood insurance policy to protect your home against natural water and flood damage, such as severe storms or melted snow after a winter storm. Your home insurance also won't cover damage from landslides, but you could add a "difference in conditions" policy to your coverage in order to get reimbursed for damage to your home due to this type of disaster. These policies also protect against damage from mudflows, earthquakes, and floods.
What Homeowners Insurance in West Virginia Will Not Cover
There are always exclusions to your coverage, no matter what type of policy you have. A homeowners policy is no exception. Expect your home insurance to exclude the following:
- Losses related to a home-based business (unless you purchase an endorsement)
- Losses related to intentional or malicious acts against others
- Losses related to routine maintenance of the home
- Losses related to regular wear and tear of your property
- Losses related to insect infestation, like termites
Flood Damage in West Virginia
Flooding is one of the most common natural threats in West Virginia. Flooding in this state can be caused by heavy rainfall from severe storms, melted snow after winter storms, and more. That's why you should talk to your independent insurance agent about adding flood insurance to properly protect your home against these disasters.
Average Cost of Homeowners Insurance in West Virginia
West Virginia has the 11th-least expensive home insurance rates in the nation, currently, at an average of just $940 per year. The current US average for home insurance rates is $1,211, so residents in West Virginia can enjoy a nice break in their home coverage costs. The lower home insurance rates in West Virginia can be attributed to lower crime rates, less risk of natural disasters in the area, property values, and other factors.
Average West Virginia Home Insurance Costs by City
Some factors that affect home insurance rates are an area's property values, crime rates, and the occurrence of natural disasters. For those reasons, rates of home insurance vary by specific city, not just by state. In West Virginia, residents in the city of Morgantown pay the highest average home insurance rates for the state, of $1,197 per year. However, the city with the best and cheapest homeowners insurance rates in West Virginia is Bluefield, where residents pay an average of just $719 annually.