Average homeowners insurance cost in Virginia

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Home insurance in Virginia costs an average of $2,135 per year for standard coverage.

Your actual cost depends on your dwelling coverage limit and the protection level you choose. Higher coverage means higher premiums. American Family offers competitive rates in the state, making it a strong option to consider as you compare coverage levels.

Shop around and ask about discounts. Rates vary widely between insurers, and depend on factors like your home’s location, age, construction, roof condition, and claims history-so getting quotes specific to your address and comparing several companies helps you find the best deal.

Key Takeaways

Homeowners insurance costs an average of $2,135 a year, based on our data.
Of all the ZIP codes in Virginia, 22301 has the most affordable home insurance rates at around $1,503 annually.
In Virginia, American Family provides the most affordable home insurance at an average annual premium of $865.

What is the average cost of homeowners insurance in Virginia?

Homeowners in Virginia pay an average of $2,135 per year for a policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

How much is home insurance in Virginia? Cost by coverage level

The typical homeowners insurance policy in Virginia runs $2,135 per year, assuming $300,000 in dwelling coverage, $100,000 in liability, and a $1,000 deductible.

Stepping up to $400,000 in dwelling coverage, with the same liability and deductible settings, brings the average annual cost to $2,738 in Virginia.

The table below shows average homeowners insurance costs in Virginia for dwelling coverage from $200,000 to $1 million.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$1,630	$136
$200,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$1,645	$137
$300,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$2,135	$178
$300,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$2,151	$179
$400,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$2,738	$228
$400,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$2,752	$229
$600,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$4,098	$342
$600,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$4,120	$343
$1,000,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$6,908	$576
$1,000,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$6,935	$578

Average home insurance cost in Virginia by insurer

The most affordable homeowners insurance in Virginia comes from American Family, which averages $865 per year. Virginia Farm Bureau and Progressive are also worth considering.

Shopping around can save you hundreds, or more, each year.

Below are average annual and monthly premiums for Virginia homeowners, based on a policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

Company	Average annual rate	Average monthly rate
American Family	$865	$72
Virginia Farm Bureau	$1,074	$90
Progressive	$1,353	$113
State Farm	$1,419	$118
Erie Insurance	$1,700	$142
Nationwide	$1,722	$143
Allstate	$1,822	$152
Farmers	$3,168	$264
Travelers	$5,168	$431

How to lower your home insurance rate

Shop around. The first quote you receive is rarely the best one. Getting estimates from at least three or four insurers gives you a clearer picture of what’s available in Virginia.
Bundle your policies. Combining home and auto insurance, or renters and auto, with the same provider is one of the most common ways to unlock multi-policy discounts.
Ask about smart home discounts. Security systems, smoke detectors, and leak sensors are the kinds of upgrades that can bring your premium down.
Check for other savings. Loyalty discounts, claims-free rewards, and home improvements like fire-resistant roofing are worth asking about at renewal.

How does your ZIP code affect home insurance rates in Virginia?

Where you live plays a major role in what you pay for home insurance. Your ZIP code signals the level of risk in your area, so places prone to crime, natural disasters, or costly rebuilds tend to come with higher premiums.

Here’s a look at the most and least affordable ZIP codes for home insurance across Virginia.

Most affordable ZIP codes for home insurance in Virginia

22301 has the lowest average home insurance rates in Virginia, with homeowners paying around $1,503 per year.

Home insurance rates aren’t uniform across Virginia. Your ZIP code, in particular, is one of the biggest reasons prices differ from one area to the next.

Below are average rates for some of the most affordable ZIP codes in Virginia.

ZIP code	Average annual rate	Average monthly rate
22301	$1,503	$125
22044	$1,515	$126
22207	$1,518	$127
22203	$1,522	$127
22201	$1,523	$127
22043	$1,527	$127
22304	$1,540	$128
22205	$1,541	$128
22305	$1,542	$129
22332	$1,545	$129

Most expensive ZIP codes for home insurance rates in Virginia

23459 has the highest rates in Virginia at an average of $4,177 per year.

Home insurance costs more in certain ZIP codes due to higher crime rates, natural disaster risk, and living costs.

Below, we’ve highlighted some of the most expensive ZIP codes in Virginia for home insurance:

ZIP code	Average annual rate	Average monthly rate
23459	$4,177	$348
23461	$3,993	$333
23457	$3,809	$317
23451	$3,723	$310
23310	$3,638	$303
23336	$3,556	$296
23307	$3,467	$289
23405	$3,465	$289
23454	$3,427	$286
23664	$3,411	$284

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in Virginia by city

See rates in your city

What are the best homeowners insurance companies in Virginia?

Based on our data, American Family stands out as a top choice in Virginia. It earns an AM Best rating of A and one of the lowest NAIC complaint scores in the state-a combination that points to both financial stability and customer satisfaction.

To identify the most reliable insurers, we weighed two key metrics:

AM Best Rating, which evaluates a company’s financial strength and its ability to pay out claims.
NAIC Complaint Score, which reflects how many complaints a company receives relative to its size, so a lower score signals fewer problems.

Together, these metrics help you determine an insurer’s financial stability and customer satisfaction. The table below breaks down the best companies in Virginia by average annual premium, financial rating, and complaint history.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
American Family	$865	A	0.37	5
Farmers	$3,168	A	0.54	4.97
State Farm	$1,419	A++	0.95	4.9
Nationwide	$1,722	A+	0.87	4.74
Allstate	$1,822	A+	0.9	4.71
Travelers	$5,098	A++	0.54	3.86
Progressive	$1,353	A+	8.45	3.67

How to understand insurer ratings and complaint data

When choosing an insurer, you want to know if the company can pay your claim, and if customers are satisfied with it. Rating agencies track this data so you can make an informed decision at renewal.

Here are the two ratings that we have referred to:

AM Best: A global agency that rates insurers based on their financial strength and ability to pay claims. A higher score means the company is more financially stable.
NAIC Complaint Index: The National Association of Insurance Commissioners tracks consumer complaints. A score below 1.00 means fewer complaints than expected for a company of that size, while a score above 1.00 means more complaints than expected.

What factors affect your home insurance rate?

Home insurance rates come down to how much risk you represent to the insurer. The main factors they weigh:

Where you live. Local crime, weather risk, and how often neighbors file claims.
Your claims history. Past claims usually raise your rate.
Your credit-based insurance score. Weaker credit can mean a higher premium (restricted in some states, like California and Massachusetts).
Your coverage limits and deductible. More coverage or a lower deductible costs more.

Rates have also been climbing across the board. Home insurance premiums for owner-occupied homes rose more than 11% nationwide in 2023, according to S&P Global Market Intelligence’s RateWatch application.

Resources & methodology

Source

S&P Global. US homeowners insurance rates jump by double digits in 2023. Accessed June 2026.

Methodology

Insure.com worked with Quadrant Information Services to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

$300,000 dwelling coverage
$100,000 liability protection
$1000 deductible

We have taken into account 3 important factors, such as average annual cost, NAIC score, and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Alisha Ambre

Alisha Ambre holds a Bachelor of Arts with honours in English Literature and Media Studies. She focuses on crafting clear, engaging content that makes complex information feel practical and approachable for everyday readers. When she’s not writing, she’s likely on the volleyball court or immersed in a good video game.