Average renters insurance cost in Virginia

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. For a deeper dive into our process, see our complete methodology. 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.

Renters in Virginia pay an average of $270 annually – or $22 per month – for a policy with $40,000 in personal property coverage, $300,000 in liability protection, and a $1,000 deductible. For most renters, this is a practical benchmark to start from.

Your actual premium is shaped by the amount of coverage you select, the insurer you go with, and individual factors such as your ZIP code, claims history, and depending on your state – your credit score.

How much does renters insurance cost in Virginia?

At $22 per month, renters insurance in Virginia is based on a policy with $40,000 in personal property coverage and $300,000 in liability protection. Your premium will shift depending on your location, the coverage limits you set, and the total worth of your possessions. Shopping around and comparing quotes from different insurers is one of the most effective ways to keep costs manageable.

It’s worth remembering that a higher deductible might reduce your monthly premium, while broader coverage for valuables such as electronics or jewelry will increase it. Choose a deductible and coverage level that fits both your budget and replacement needs.

Renters insurance in Virginia: Where to start

On average, renters insurance in Virginia costs $270 per year, or $22 per month
Among all providers in Virginia, Progressive consistently comes in with the lowest average rates – around $184 per year
Because premiums can vary significantly from one insurer to the next, comparing multiple quotes before settling on a policy is always a good idea

Which companies offer the cheapest renters insurance in Virginia?

Among insurers operating in Virginia, Progressive has the lowest average annual premium at $184. State Farm and Erie Insurance are also worth a look if keeping premiums low is a priority.

That said, price alone shouldn’t drive your decision. It’s equally important to weigh coverage limits, deductible options, and any discounts available to you. The table below lays out average annual and monthly rates from various insurers 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

Want a more accurate renters insurance estimate?

Use our calculator to get a personalized renters insurance quote based on your location and coverage needs.

Your final premium may vary depending on the insurer, coverage limits, deductible, claims history and other rating factors.

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

How much does renters insurance cost by coverage level in Virginia?

The average annual cost of renters insurance in Virginia is $270, with a personal property coverage limit of $40,000, $300,000 in liability coverage and a $1,000 deductible.

However, if you lower your personal property coverage from $40,000 to $20,000, you can expect to pay $190 a year for renters insurance in Virginia. Make sure $20,000 is enough to cover your belongings before deciding to adjust your coverage.

The table below shows average annual renters insurance premiums 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

People also ask: How much renters insurance coverage do I need?

Most renters need enough coverage to replace their personal belongings and protect against liability claims. A common starting point is $20,000 to $40,000 in personal property coverage and at least $300,000 in liability protection. That said, the right amount really depends on the value of what you own, any endorsements you might add for higher-value items, and how much risk you’re comfortable carrying yourself.

Renters insurance rates in Virginia by city

See rates in your city

How much does renters insurance cost by city in Virginia?

Your city within Virginia can have a real impact on your renters insurance premium. Insurers factor in local variables like crime statistics, weather history, and how urban or suburban an area is when setting rates.

Here’s how average renters insurance costs break down across major cities in Virginia.

Does your ZIP code affect renters insurance rates in Virginia?

Your ZIP code is one of the biggest factors insurers use to set rates. Local risks like theft, fire and weather claims can drive premiums up or down, so two renters with the same coverage may pay very different prices.

In Virginia, rates range from about $234 in 22820 to $365 in 23459. Here are the cheapest and most expensive ZIP codes for renters insurance in Virginia.

Why your ZIP code affects renters insurance costs

Insurers use local risk data to calculate renters insurance premiums, which means rates can vary significantly by neighborhood and ZIP code.

Factors that affect renters insurance rates include:

Local theft and vandalism rates
Weather risks such as hurricanes, floods, or wildfires
Fire claims and rebuilding costs in your area

Even moving a few ZIP codes away can affect your monthly premium.

What are the most affordable ZIP codes for renters insurance in Virginia?

In Virginia, your ZIP code plays a major role in determining your premiums. Based on our data, 22820 is the most affordable ZIP code for renters insurance, with an average annual cost of $234.

ZIP codes with lower theft rates and fewer severe weather claims tend to have more affordable renters insurance premiums.

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

What are the least affordable ZIP codes for renters insurance in Virginia?

23459 is the most expensive ZIP code for renters insurance in Virginia, at an average cost of $365 annually or $30 monthly.

Here are the average annual renters insurance rates for every ZIP code in Virginia, based on quotes from major insurers.

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

How to lower your renters insurance, even in a high-cost ZIP code

Compare at least 3 quotes – rates for the same coverage can vary by $100+ between insurers in the same ZIP code
Bundle with auto insurance to save 5% to 15% on your renters policy
Ask about safety device discounts for smoke detectors, deadbolts, security systems, and smart-home monitoring
Raise your deductible from $500 to $1,000 to save around 10%
Check claims-free discounts if you haven’t filed a claim in 3+ years

Is renters insurance worth it in Virginia?

For the vast majority of renters in Virginia, a renters insurance policy is a smart financial decision. It covers your personal belongings against fire, theft, vandalism, and certain disasters, and provides liability protection if a guest is injured in your home.

Data from the US Department of Commerce, US Census Bureau, and American Community Survey shows that roughly 48% of renter households in the US spend more than 30% of their income on housing costs – which means every recurring expense, including insurance, deserves careful consideration.

The best approach is to compare policies rather than just prices. Coverage quality, deductibles, and customer service all factor into whether a policy is actually good value. Paying a little more for stronger coverage often makes sense when it’s time to file a claim.

Frequently asked questions

What does renters insurance actually cover?

Renters insurance generally covers three things: your personal belongings, liability protection, and additional living expenses if your home becomes uninhabitable after a covered event. It can help with losses from fire, theft, and vandalism, as well as legal or medical costs if a visitor is injured on your property. Coverage specifics differ by policy, so reviewing your limits and exclusions carefully is important.

Do I really need renters insurance in Virginia?

There’s no universal legal requirement for renters insurance, but the protection it offers is hard to replicate on your own. A single incident – whether it’s a break-in, a fire, or accidental damage – can result in thousands of dollars in losses. Renters insurance covers those costs so you’re not paying out of pocket. It’s also increasingly common for landlords in Virginia to require it as part of the lease agreement.

Sources:

Insurance Information Institute. Facts + statistics: Renters insurance. Accessed May 2026.

How much is renters insurance in other states

Show more states

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.