Home Home insurance Average home insurance cost Virginia Markham, VA How much is homeowners insurance in Markham, VA View Carriers Please enter valid zip Compare top carriers in your area Written by Shivani Gite Shivani Gite Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions. | Reviewed by Nupur Gambhir Nupur Gambhir Nupur Gambhir is an insurance expert and managing editor of Insure.com. She specializes in life and health insurance content, and has experience as a marketing consultant. | Updated on: March 24, 2025 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. In Markham, homeowners pay an average annual rate of $1,744 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 $760 less than the national average of $2,504.Homeowners insurance premiums can vary significantly from one property to another. In Markham, 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 Markham, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Markham. Key Takeaways The cost of your homeowners insurance policy in Markham can vary based on factors such as your location, the value of your home, and the coverage options you select.American Family is the cheapest homeowners insurance company in Markham with an average annual premium of $535.If you increase your dwelling coverage from $200,000 to $300,000, you will pay $395 more, annually for home insurance. How much is homeowners insurance in Markham per month According to our rate analysis, homeowners in Markham pay an average of $145 per month. It’s $33 less than the state average of $178 and $64 less than the national average for home insurance across the United States. In Markham, the cost of your homeowners insurance policy depends on the value of your home, location, and the coverage options you select. How much is homeowners insurance for a $200,000 house in Markham In Markham, VA, homeowners pay an average of $1,349 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. How much is homeowners insurance for a $300,000 house in Markham According to Insure.com’s rate analysis, homeowners in Markham typically pay an average of $1,744 annually for a home insurance policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible. If you increase your dwelling coverage from $200,000 to $300,000, your home insurance rates will rise by $395. It is advisable to purchase enough insurance to cover the entire cost of rebuilding your home. The required amount of dwelling coverage can vary based on factors such as the size of your home, its features, and the cost of living in your area. How much is homeowners insurance in Markham by company Among the carriers analyzed, American Family is the cheapest homeowners insurance company in Markham. It’s average annual rate for Markham homeowners is $535, while Virginia Farm Bureau ranks second. Before choosing a homeowners insurance policy, it is important to do some research on the company. Our experts have analyzed all the insurance companies across Markham and prepared a list of the cheapest home insurance providers. You can find below the Markham home insurance companies and their average annual premium. Home insurance company Annual rate American Family$535Virginia Farm Bureau$875State Farm$1,392Nationwide$1,477Progressive$1,539Allstate$1,589Erie Insurance$1,673Farmers$2,055Travelers$4,246 TIPCombining your home insurance with other policies, like auto insurance, can result in significant savings. Insurers often provide discounts to policyholders who bundle their policies, helping you reduce premiums. Bundling lowers your premiums and simplifies managing your insurance with one company. Common natural disasters in Virginia that may affect home insuranceLiving in Virginia comes with the threat of natural disasters, which can cause significant damage to homes and property, often resulting in insurance claims. Understanding which natural disasters are most prevalent in your area is key to choosing the right home insurance policy.Coastal flooding, Landslide and Winter weather are some of the most common natural disasters in Virginia that could impact your home insurance rates.How home insurance protects you against natural disastersHome insurance helps protect your property and belongings from the financial impact of natural disasters. While standard policies generally cover damages from windstorms, hail and lightning, additional coverage is required for disasters like floods, earthquakes and wildfires.These types of damage are usually not covered by homeowners insurance, so homeowners need to buy separate flood or earthquake insurance to ensure complete protection.Home insurance can help pay for structural damage repairs, replace lost or damaged items, and provide funds for temporary housing if your home becomes uninhabitable. This coverage provides financial relief, making it easier for homeowners to recover quickly from the effects of natural disasters. Methodology Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Markham 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. How much is home insurance in other citiesAshburnCarrolltonRestonSt. PaulVirginia BeachShivani GiteContributing Writer | . .Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions. In case you missed it What is condo (HO-6) insurance and how much does it cost? Average homeowners insurance cost by ZIP code in 2025 What is dwelling coverage and how much do you need? Personal liability insurance: What it is and why you need it Hurricanes and home insurance: How hurricane insurance works How replacement cost coverage works when you file a claim How much do claims increase home insurance rates? Mobile home insurance cost and coverage in 2025 Homeowners insurance basics Home Insurance Advisor Cheapest homeowners insurance in 2025 How much flood insurance do I need? How to bundle home and auto insurance policies to save money The largest home insurance companies by market share Home insurance discounts for cheaper rates How much does dog liability insurance cost and do you need it? Do you have an emergency go-bag? Most Americans don’t 1/1 Related Articles Cost of living calculator By Nupur Gambhir Mobile home insurance cost and coverage in 2025 By Chris Kissell Best renters insurance companies in 2025 By Shivani Gite How to prevent tornado damage By Ashlee Tilford Does homeowners insurance cover code upgrades? By Nupur Gambhir Homeowners insurance rates by state in 2025 By Jake Safane On this page How much is homeowners insurance in Markham per month How much is homeowners insurance for a $200,000 house in Markham How much is homeowners insurance for a $300,000 house in Markham How much is homeowners insurance in Markham by companyCommon natural disasters in Virginia that may affect home insuranceHow home insurance protects you against natural disasters Methodology ZIP Code Please enter valid ZIP See rates