Average homeowners insurance cost in Charleston, WV

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In Charleston, homeowners pay an average annual rate of $1,824 for a coverage level that includes $300,000 for dwelling, $100,000 for liability protection, and a $1,000 deductible, according to Insure.com’s rate analysis. This is $758 less than the national average of $2,582.

Homeowners insurance premiums can vary significantly from one property to another. In Charleston, the cost of home insurance is influenced by several factors, including:

Size of your home
Age of your home
Amount of coverage required
Location
Your credit score

It’s crucial to compare quotes from multiple insurers to ensure you get the best homeowners insurance policy. This allows you to find the coverage that meets your specific needs.

Read this guide to discover the monthly homeowners insurance cost in Charleston, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Charleston.

Key takeaways

The cost of your homeowners insurance policy in Charleston can vary based on factors such as your location, the value of your home, and the coverage options you select.
Allstate is the cheapest homeowners insurance company in Charleston with an average annual premium of $1,559.
If you increase your dwelling coverage from $200,000 to $300,000, you will pay $430 more, annually for home insurance.

Average homeowners insurance cost in Charleston per month

According to Insure.com’s rate analysis, residents of Charleston pay an average of $152 per month for homeowners insurance. This is $5 less than the state average of $157 and $63 less than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Charleston can vary depending on your location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Charleston

In Charleston, WV, homeowners pay an average of $1,394 annually for a $200,000 home. The annual cost of home insurance is influenced by factors such as the risk of natural disasters in your area.

Regions more susceptible to natural disasters, such as floods, hurricanes, or tornadoes, typically face higher rebuilding costs, leading to increased insurance premiums. It is important to understand that standard insurance policies might not cover damages caused by floods or hurricanes. If you live in a flood-prone area, it is advisable to purchase flood insurance.

Average homeowners insurance cost for a $300,000 house in Charleston

According to a rate analysis by Insure.com, homeowners in Charleston pay an average of $1,824 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $430 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.

However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Charleston by company

Among the carriers analyzed, Allstate is the most affordable homeowners insurance company in Charleston. It’s average annual rate for homeowners in Charleston is $1,559.

Nationwide, ranks second and Erie Insurance makes it to the third spot with an average annual home insurance rate of $1,698.

Research on the company is essential before selecting a homeowners insurance policy. Insure.com has thoroughly examined all insurance companies operating in Charleston and compiled a list of the most affordable home insurance companies.

Below are details of Charleston home insurance companies and their average annual premiums.

Home Insurance Company	Annual rate
Nationwide	$1,564
Erie Insurance	$1,698
State Farm	$1,861
Automobile Club MI (AAA)	$1,876
Westfield Insurance	$2,029
Allstate	$1,559
Progressive	$2,682
USAA*	$1,321

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Charleston for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.