Average Renters Insurance Cost in Virginia

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Renters insurance costs in Virginia vary depending on various factors, including the coverage amount, insurance company and individual circumstances. The average cost of renters insurance in Virginia is $270 per year or $22 per month for a coverage limit of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible. These are average rates, and actual premiums may differ.

Key Takeaways

The average cost of renters insurance in Virginia is $270 per year or $22 per month.
Progressive provides the least expensive renters insurance in Virginia at an average rate of $184 annually.
Renters insurance rates can vary significantly among insurance companies. Compare quotes to find the best deal on renters insurance in Virginia.

Average renters insurance cost in Virginia per month

In Virginia, the average monthly cost of renters insurance is $22. However, premiums can differ depending on factors such as your rental’s location, the value of your personal belongings and the level of coverage you select. Experts recommend comparing quotes from different insurance companies to find the best deal.

Average renters ins cost per month	Difference compared to national average
$22	$2 less

Average renters insurance cost in Virginia by company

According to our data, Progressive provides the most affordable renters insurance in Virginia, with an average annual rate of $184, followed by State Farm and Erie Insurance.

Getting quotes from multiple renters insurance companies in Virginia is a good idea, as prices can differ significantly among insurers.

Below, you can find average annual and monthly renters insurance rates from various companies in Virginia.

Company	Average annual rate	Average monthly rate
Progressive	$184	$15
State Farm	$202	$17
Erie Insurance	$232	$19
Farmers	$237	$20
Universal Insurance Holding	$237	$20
American Family	$241	$20
Nationwide	$251	$21
Allstate	$293	$24
IAT Insurance Group	$305	$25
Travelers	$513	$43

Renters insurance calculator in Virginia

$254/year

Estimated renters insurance rates in Virginia

$21

Monthly renters insurance cost in Virginia

-6%

Compared to national average

Average cost of renters insurance in Virginia by coverage level

On average, Virginia renters pay $270 each year for insurance for a coverage limit of $40,000 in personal property, $300,000 in liability protection and a $1,000 deductible.

Reducing your personal property coverage from $40,000 to $20,000 can lower your renters insurance cost in Virginia to $190 per year. This policy still includes $300,000 in liability protection and a $1,000 deductible. However, you should ensure that $20,000 is adequate coverage for your personal belongings before making this change.

Below are the average annual renters insurance costs in Virginia for personal property coverage of $20,000 and $40,000.

Coverage level	Average annual renters insurance rate	Average monthly renters insurance rate
$20,000 with $500 Deductible and $100,000 Liability	$193	$16
$20,000 with $500 Deductible and $300,000 Liability	$206	$17
$20,000 with $1,000 Deductible and $100,000 Liability	$177	$15
$20,000 with $1,000 Deductible and $300,000 Liability	$190	$16
$40,000 with $500 Deductible and $100,000 Liability	$277	$23
$40,000 with $500 Deductible and $300,000 Liability	$292	$24
$40,000 with $1,000 Deductible and $100,000 Liability	$254	$21
$40,000 with $1,000 Deductible and $300,000 Liability	$270	$22
$60,000 with $500 Deductible and $100,000 Liability	$360	$30
$60,000 with $500 Deductible and $300,000 Liability	$377	$31
$60,000 with $1,000 Deductible and $100,000 Liability	$330	$28
$60,000 with $1,000 Deductible and $300,000 Liability	$348	$29

Average cost of renters insurance in Virginia by city

Renters insurance premiums can vary widely between cities. To help you choose the right policy, we’ve compiled average costs by location. Explore renters insurance rates across various cities in Virginia and find the best fit for your budget.

Renters insurance rates in Virginia by city

See rates in your city

Average cost of renters insurance in Virginia by ZIP code

The cost of renters insurance in Virginia varies by ZIP code. It’s important to note that the affordability of renters insurance can differ significantly depending on your location.

To provide a more comprehensive overview, let’s see some of the most and least affordable ZIP codes for renters insurance in Virginia.

Most affordable ZIP codes for renters insurance in Virginia

The amount Virginia renters pay for insurance largely depends on their ZIP code. Among all the ZIP codes analyzed, 22820 is the state’s most affordable ZIP for renters insurance, with an average annual premium of $234.

Since rates differ by ZIP code, comparing quotes is one of the simplest ways to get the most affordable renters insurance policy in Virginia.

ZIP code	City	Average annual rate	Average monthly rate
22820	Criders	$234	$20
24487	Burnsville	$236	$20
24433	Doe Hill	$237	$20
22067	Greenway	$238	$20
24562	Howardsville	$239	$20
24468	Mustoe	$239	$20
22812	Bridgewater	$240	$20
24316	Broadford	$240	$20
22035	Fairfax	$240	$20
24471	Port Republic	$240	$20

Least affordable ZIP codes for renters insurance in Virginia

Among the ZIP codes analyzed by Insure.com, the least affordable ZIP code for renters insurance in Virginia is 23459, with an average cost of $365 a year or $30 monthly.

We analyzed quotes from multiple insurance providers across every ZIP code in Virginia. Below, you’l find the average annual renters insurance premiums broken down by ZIP code.

ZIP code	City	Average annual rate	Average monthly rate
23459	Virginia Beach	$365	$30
23440	Tangier	$352	$29
23310	Cape Charles	$348	$29
23664	Hampton	$342	$29
23405	Machipongo	$339	$28
23307	Birdsnest	$334	$28
23125	New Point	$334	$28
23336	Chincoteague	$333	$28
23511	Fleet	$333	$28
23441	Tasley	$333	$28

Final thoughts: Average renters insurance in Virginia

Renters insurance is a must-have for renters in Virginia. It protects your belongings in the event of damage from fire, theft, vandalism or any other natural disasters.

To find the best renters insurance at an affordable rate, shop around and compare quotes from multiple insurance companies. In addition to price, consider factors like coverage options, deductibles and customer reviews.

Shivani Gite

Contributing 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.