Best and Cheapest Homeowners Insurance in Virginia for 2025 (Save With These 10 Companies)
USAA, Progressive, and State Farm provide the best and cheapest homeowners insurance in Virginia. USAA focuses on delivering high-quality insurance to customers with military backgrounds.
Progressive stands out for its usage-based innovation, while State Farm is known for having a strong nationwide presence and discounts for smart home devices like smoke detectors. Together, they provide affordable and reliable homeowners insurance for property owners in Virginia.
| Company | Rank | Monthly Rates | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
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#1 | $18 | A++ | Military Focus | USAA |
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#2 | $26 | A+ | Usage-Based Innovation | Progressive |
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#3 | $27 | B | Nationwide Presence | State Farm |
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#4 | $29 | A++ | Competitive Rates | Geico |
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#5 | $31 | A++ | Comprehensive Coverage | Travelers |
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#6 | $35 | A | Customer Satisfaction | American Family |
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#7 | $36 | A+ | Personalized Service | Nationwide |
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#8 | $42 | A | Strong Discounts | Farmers |
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#9 | $43 | A+ | Digital Tools | Allstate |
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#10 | $54 | A | Flexible Options | Liberty Mutual |
These 10 providers are ranked based on their monthly rates, with USSA being the best and cheapest at just $18 per month for their basic coverage. Enter your ZIP code above to find the best and cheapest homeowners insurance in Virginia.
What You Should Know
- USAA provides the best and cheapest homeowners insurance in Virginia
- Bundling homeowners insurance policies in Virginia give 25% off in discounts
- Having too many claims make your premiums higher
#1 – USAA: Top Overall Pick
Pros
- Focus on Military Members: Our USAA review focuses on delivering the best and cheapest homeowners insurance in Virginia for military families.
- High Level of Customer Service: Due to USAA’s highly rated service, the experience is laudable for homeowners in Virginia.
- Lower Rates: Affordable rates enable military families in Virginia to be insured.
Cons
- Restriction of Membership: Its services are only available to military families in Virginia.
- Limited Presence of Agents: USAA does not have local agents and mainly works online.
#2 – Progressive: Best and Cheapest for Military Focus
Pros
- Wide Range of Discounts: Virginia homeowners can access multiple discounts, reducing costs significantly.
- Usage-Based Innovation: Our Progressive review discusses tools like HomeQuote Explorer to help homeowners in Virginia find affordable options for the best and cheapest homeowners insurance in Virginia.
- Customizable Policies: Flexible options allow Virginia homeowners to modify their coverage to their needs.
Cons
- Higher Rates for High-Risk Homes: Homeowners insurance costs more for older properties in Virginia.
- Mixed Customer Reviews: Virginia homeowners give inconsistent customer service reviews to USAA.
#3 – State Farm: Best and Cheapest for Usage-Based Innovation
Pros
- Comprehensive Coverage Options: State Farm's broad policies deliver the diverse needs of Virginia homeowners.
- Financial Stability: Has B A.M. Best rating for financial stability, ensuring smooth and reliable claims in Virginia.
- Nationwide Presence: Our State Farm review highlights that they provide the best and cheapest homeowners insurance in Virginia with their strong local agent network.
Cons
- Limited Discounts: It has fewer savings opportunities for homeowners than other Virginia providers.
- Higher Premiums for Custom Policies: Comprehensive options may lead to increased costs for homeowners in Virginia.
#4 – Geico: Best and Cheapest for Competitive Rates
Pros
- Bundling Discounts: Combining home and auto policies is one of the ways customers say they've saved on homeowners insurance.
- Competitive Rates: Geico offers affordable premiums, ranking it among the best and cheapest homeowners insurance in Virginia.
- User-Friendly Digital Tools: Geico has online tools to help Virginia homeowners manage their insurance more easily.
Cons
- Limited Coverage Options: Home insurance offered through partner companies has fewer customization options for Virginia homeowners.
- Average Claims Service: Virginia residents report mixed customer satisfaction with claims handling.
#5 – Travelers: Best and Cheapest for Comprehensive Coverage
Pros
- Sustainability Discounts: Virginia homeowners with eco-friendly features enjoy additional savings.
- Comprehensive Coverage: Our Travelers review ensures Virginia homes are well-protected, earning it a spot among the best and cheapest homeowners insurance in Virginia.
- Strong Financial Backing: Reliable claims service provides peace of mind for homeowners in Virginia.
Cons
- Limited Local Offices: Fewer physical locations in Virginia may inconvenience some homeowners.
- Higher Premiums for Older Homes: Costs can rise when insuring older properties in Virginia.
#6 – American Family: Best and Cheapest for Customer Satisfaction
Pros
- Variety of Add-Ons: Offers optional coverage options for the diverse needs of homeowners in Virginia.
- Discount Opportunities: AMFAM provides many discounts to help reduce homeowners insurance costs in Virginia.
- Customer Satisfaction: Our American Family review showcases excellent customer service for the best homeowners insurance in Nevada.
Cons
- Limited Availability: Coverage options may not extend to all parts of Virginia.
- Premiums for Comprehensive Plans: Full coverage in Virginia may come with higher costs.
#7 – Nationwide: Best and Cheapest for Personalized Service
Pros
- Personalized Service: Our Nationwide review mentions offering customizable coverage for the best homeowners insurance in Virginia.
- Smart Technology Discounts: Homeowners get discounts for having safety devices like smoke detectors on their property.
- Reliable Claims Handling: Nationwide has smooth and fast homeowners insurance claims processing in Virginia.
Cons
- Higher Base Rates: Some people in Virginia may find Nationwide's premiums more expensive than competitors.
- Policy Complexity: Customizing insurance policies with Nationwide may lead to confusion for some residents in Virginia.
#8 – Farmers: Best and Cheapest for Strong Discounts
Pros
- Flexible Policies: Virginia homeowners can tailor coverage to meet specific needs.
- Strong Discounts: Farmers provides savings on bundling and safety features as one of the best and cheapest homeowners insurance in Virginia. Read more: Farmers Insurance Reviews
- Responsive Local Agents: In-person support enhances the experience for Virginia residents.
Cons
- Limited Availability of Discounts: Not all Virginia homeowners qualify for savings.
- Higher Rates for Comprehensive Coverage: Full coverage plans in Virginia may cost more.
#9 – Allstate: Best and Cheapest for Digital Tools
Pros
- Digital Tools: Allstate’s app and online resources simplify managing policies for homeowners in Virginia, making it one of the best and cheapest homeowners insurance options in Virginia.
- Claim Satisfaction Guarantee: Virginia homeowners benefit from guaranteed service quality for claims.
- Wide Availability: Coverage is robust and accessible across Virginia. Our Allstate review displays the types of coverage they offer.
Cons
- Higher Premiums for Add-Ons: Comprehensive options may increase costs for Virginia homeowners.
- Mixed Claims Experiences: Satisfaction with claims handling in Virginia varies.
#1o – Liberty Mutual: Best and Cheapest for Flexible Options
Pros
- Flexible Options: Liberty Mutual provides customizable policies for homeowners in Virginia, ranking it among the best and cheapest homeowners insurance providers in Virginia.
- Safety Discounts: Virginia homeowners with security systems and smart devices save on premiums.
- Strong Online Tools: Digital resources simplify managing insurance for Virginia residents.
Cons
- Higher Rates for High-Risk Homes: Some Virginia properties may face increased premiums.
- Average Customer Service: Virginia residents report varied experiences with support.
Virginia Homeowners Insurance Rates and Claims
When finding the best and cheapest homeowners insurance in Virginia, affordable rates are not all you should consider. You should also consider the deductibles, claims, and other factors that affect insurance rates.
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
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$43 | $103 |
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$35 | $83 |
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$42 | $100 |
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$29 | $69 |
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$54 | $129 |
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$36 | $86 |
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$26 | $61 |
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$27 | $63 |
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$31 | $73 |
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$18 | $43 |
Homeowners insurance rate for minimum coverage in Virginia ranges between $18 to $54 and $43 to $129 for full coverage from Allstate and Liberty Mutual. However, these rates are just the base price and could fluctuate depending on the risks of ensuring your property.
Having too many claims is a significant factor affecting your homeowners insurance rates in Virginia and anywhere else in the world, as it signifies a higher risk for the providers.
5 Most Common Homeowners Insurance Claims in Virginia
| Claim Type | Portion of Claims | Cost per Claim |
|---|---|---|
| Wind & Hail Damage | 40% | $12800 |
| Water Damage & Freezing | 25% | $10500 |
| Fire & Lightning | 15% | $75000 |
| Theft | 10% | $5000 |
| Liability (Injury) | 10% | $30000 |
The five most common insurance claims in Virginia are wind and hail damage, which makes up 40% of the claims; water damage at 25, fire and lightning at 15%; theft at 10%; and liability claims for injuries at 10%. These five make up 100% of the insurance claims in Virginia.
Virginia Accidents & Claims per Year by City
| City | Accidents per Year | Claims per Year |
|---|---|---|
| City | Accidents per Year | Claims per Year |
| Arlington | 1,000 | 800 |
| Chesapeake | 1,500 | 1,200 |
| Norfolk | 1,800 | 1,500 |
| Richmond | 2,500 | 2,000 |
| Virginia Beach | 2,000 | 1,700 |
The recorded annual accidents in Arlington, Chesapeake, Norfolk, Richmond, and Virginia Beach are 8,800, with 7,200 claims per year.
Virginia Report Card: Homeowners Insurance Premiums
| Category | Grade | Explanation |
|---|---|---|
| Weather-Related Risk | B | Moderate risk from hurricanes and storms increases premiums. |
| Average Claim Size | B+ | Claims are moderately priced compared to national averages. |
| Fire & Lightning Risk | A | Lower frequency of severe fire incidents reduces premium costs. |
| Theft Rate | A | Low burglary rates contribute to more affordable insurance options. |
| Liability Risk | A- | Liability claims are lower due to the state’s average property maintenance. |
Due to the relatively low risk of ensuring properties in Virginia, providers in the state are able to offer low prices for their homeowners insurance. Thus helping property owners have access to affordable homeowners insurance without any effect on the quality of the coverage they acquire.
Virginia Homeowners Insurance Discounts
If you like saving money, you've come to the right place. The providers of the best and cheapest homeowners insurance in Virginia offer various discounts for property owners in the state.
| Insurance Company | Available Discount |
|---|---|
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Homeowner, Multi-Policy, Safe Driving Club, New Car |
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Homeowner, Multi-Policy, Early-Bird, Defensive Driver |
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Homeowner, Multi-Policy, Safe Driver, Affinity Group |
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Homeowner, Multi-Policy, Good Driver, Anti-Theft System |
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Homeowner, Multi-Policy, Vehicle Safety, RightTrack (Usage-Based) |
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Multi-Policy, Homeowner, SmartRide (Usage-Based), Accident-Free |
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Homeowner, Multi-Policy, Snapshot (Usage-Based), Continuous Insurance |
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Multi-Policy, Homeowner, Safe Driver, Good Student |
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Homeowner, Multi-Policy, New Car, Safe Driver |
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Bundling Home and Auto, Safe Driver, Military, New Vehicle |
These discounts make the already cheap homeowners insurance even more affordable for the people living in Virginia. Multi-policy discounts save homeowners the most by reducing their premiums by 25%.
Moreover, you can stack your discounts like claims-free, new home, security system for having smart home devices, and other discounts to maximize your savings with the provider of your choice.
Virginia Report Card: Homeowners Insurance Discounts
| Discount Name | Grade | Savings | Participating Providers |
|---|---|---|---|
| Multi-Policy | A | 25% | State Farm, Allstate, Nationwide |
| Security System | A- | 20% | Liberty Mutual, Farmers, USAA |
| Claims-Free | B+ | 15% | Erie, Travelers, American Family |
| New Home | B | 10% | Chubb, Safeco, Amica |
| Loyalty | B- | 5% | Progressive, Geico, Auto-Owners |
The report card above shows the available discounts, grades, savings, and the participating providers. The listed discounts offer savings ranging from 5-25% with loyalty and multi-policy discounts.
Virginia's Best and Cheapest Homeowners Insurance
USAA, Progressive, and State Farm provide the best and cheapest homeowners insurance in Virginia. As the top pick, USAA offers affordable rates and excellent customer service to military families at just $18 per month.
Progressive provides usage-based innovations and flexible policy options, making it a great choice for budget-conscious homeowners. State Farm is known for its extensive nationwide presence and comprehensive coverage options, ensuring reliable coverage for residents in Virginia.
Finding the right coverage for your home can be challenging. Luckily, our homeowners insurance guide provides in-depth knowledge on how to choose the best provider that fits your specific needs. Enter your ZIP code below and explore options with our free comparison tool to get the most affordable homeowners insurance in Virginia with maximum savings.
Frequently Asked Questions
What is the most costly homeowners insurance claim?
The most expensive claims for the best and cheapest homeowners insurance in Virginia typically involve fire damage, followed by water damage and liability claims resulting from injuries on the property.
Does Virginia require homeowners insurance?
While getting the best and cheapest homeowners insurance in Virginia is not legally mandated, most mortgage lenders require it to protect their investment.
What insurance is the most commonly purchased homeowners insurance?
HO-3 policies are the most commonly purchased homeowners insurance, providing comprehensive coverage for your home and liability protection.
Is mortgage insurance required in Virginia?
Mortgage insurance is required for the best and cheapest homeowners insurance in Virginia if you put down less than 20% on a home loan, as it protects the lender from default risks.
Is it good to shop around for home insurance?
Yes, shopping around allows you to compare rates, discounts, and coverage options, ensuring you find the best and cheapest homeowners insurance in Virginia. Enter your ZIP code below shop around for the best homeowners insurance.
What is never included in homeowners insurance?
The best and cheapest homeowners insurance in Virginia typically exclude damage from floods, earthquakes, and neglect, requiring separate coverage for these risks. Read our flood insurance guide and start securing your home against floods.
How much is the average homeowners insurance in Virginia?
The average cost of the best and cheapest homeowners insurance in Virginia is about $1,200 annually, depending on the home’s location, size, and coverage needs.
Which home insurance company has the best customer service?
For the best and cheapest homeowners insurance in Virginia, USAA is frequently rated highest for customer service, particularly for military families, while companies like State Farm and Allstate also receive strong reviews. Compare rates and shop around for providers offering the best customer service by entering your ZIP code below.
Where is homeowners insurance the most expensive?
Homeowners insurance tends to be most expensive in states prone to natural disasters like hurricanes, such as Florida and Louisiana. Read our hurricane insurance guide for more information.
What home repairs do most insurance cover?
Most of the best and cheapest homeowners insurance in Virginia covers repairs caused by perils like fire, windstorms, and burst pipes, but excludes routine maintenance or wear and tear.