The Best Home Insurance Companies in Virginia in 2026
Auto-Owners and Erie are two of the best home insurance companies in Virginia.
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Written byMandy Sleight
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Mandy SleightInsurance Writer
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Edited byNick Versaw
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Nick VersawSenior Managing Editor
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Reviewed byKatie Powers
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Katie PowersLicensed P&C Agent and Insurance Editor
Licensed auto and home insurance agent
4+ years of experience in insurance and personal finance editing
NPN: 20564519
Updated
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Virginia homeowners pay an average of $148 per month for home insurance, according to Compare.com data. The risk of severe storms, wildfires, construction costs, and home values help shape rates across the Commonwealth. The cost of homeowners insurance can also vary widely by home type, ZIP code, and insurance company.
Travelers offers some of the cheapest Virginia homeowners insurance, averaging $111 per month.
We’ll compare the best and most affordable home insurance companies in Virginia and give tips to help you pick the right insurance coverage for your home and budget.
Key Takeaways
Virginia home insurance rates vary widely based on location, home type, coverage limits, and claims history.
Chubb, Amica, and Foremost are among the best home insurers in Virginia.
Home insurance covers your house, personal belongings, and liability, but doesn’t cover pest damage, maintenance issues, or water damage from flooding.
Our Picks for Virginia’s Best Home Insurance Companies
No single home insurance company is the best for every Virginia homeowner. The right fit depends on your budget, your home’s value, and the type of coverage you need. We selected the companies below based on a combination of average rates in Virginia, available coverage options, discounts, and customer ratings and reviews.
Company | Compare.com Rating | Average Monthly Premium | Average Annual Premium |
|---|---|---|---|
| Auto-Owners | N/A | $255 | $3,060 |
| Chubb | 4.19 | $308 | $3,696 |
| Amica | 4.78 | $132 | $1,584 |
| Erie | 4.50 | $283 | $3,396 |
| Foremost | N/A | $207 | $2,484 |
We sourced this data by analyzing real quotes from Compare.com's 100-plus partner insurance companies alongside rate filings collected and distributed by Quadrant Information Services. Actual quotes may vary. Data updated on .
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
Not rated
AM Best
AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A++
Why we picked this company
Auto-Owners offers Virginia homeowners many ways to customize their policy to their specific needs. Choose from optional coverages such as guaranteed replacement cost, water backup, equipment breakdown, home cyber insurance, inland flood coverage, or the Homeowners Plus package.
It also offers a generous list of discounts, including bundling with other policies like car or life insurance, being mortgage-free, and installing protective devices, a water-shutoff system, or an automatic backup generator.
Pros
Many optional coverages available
Few customer complaints
Cons
Must contact agent for quote
New home discount not available
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
Not rated
AM Best
AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A++
Why we picked this company
Chubb is known for its exceptional, fast claims handling and may be a good fit for high-value homeowners in Virginia. Its standard policy includes perks like water backup, home assessment services, extended dwelling replacement, and replacement-cost coverage for contents. Bundling home and auto policies or scheduling valuable personal property coverage can help lower your premiums.
Pros
Replacement cost coverage comes standard
Cash settlement option available
Cons
Requires a minimum home value
Higher national average premiums
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
Not rated
AM Best
AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
Not rated
Why we picked this company
Amica earns top scores in J.D. Power’s home insurance and property claims satisfaction studies, making it a great choice for Virginia homeowners who value reliable service.[1] Though it doesn’t have a regional office in Virginia, Amica makes it easy to manage policies and file and track claims online or through its mobile app. Electronics and earthquake coverage are also available.
Pros
Available earthquake endorsement
Offers new or remodeled home credit
Cons
No local office
Fewer optional coverages
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
Not rated
AM Best
AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
Not rated
Why we picked this company
Despite being a regional insurer in only 12 states, Erie earned an above-average rating in J.D. Power’s home insurance and property claims satisfaction studies, beating out many national insurers. Its guaranteed replacement cost coverage can pay to rebuild your home even if costs exceed your dwelling limit, a common occurrence in states with rising construction costs.
Pros
Guaranteed replacement cost option
Affordable home insurance rates
Cons
Fewer digital tools
Few available discounts
Foremost: Best for older homes
Pros
Flexible coverage packages
Insures higher-risk homes
Cons
Premiums can be higher
Below-average J.D. Power customer satisfaction rating
Foremost may be a good fit for Virginia homeowners with older or higher-risk homes who struggle to qualify with other companies. It offers flexible coverage with optional add-ons, including extended replacement cost, equipment breakdown, and home-sharing renters insurance if you use your home as a short-term rental.
The Cheapest Home Insurance Companies in Virginia
Home insurance rates in Virginia can vary drastically from one company to the next, even for the same home. Comparing homeowners insurance quotes from several insurers can help you find the best coverage at the lowest price.
Below is a list of the cheapest companies in Virginia for $300,000 homes, according to Compare.com data.
The below rates in Virginia are estimated rates current as of: Monday, August 10 at 5:00 PM PDT.
Company | Average Yearly Premium |
|---|---|
| Travelers | $1,332 |
| Virginia Farm Bureau | $1,344 |
| Chubb | $1,392 |
| Mercury | $1,464 |
| State Farm | $1,644 |
| Homeowners Of America | $1,656 |
| Allstate | $1,668 |
| Farmers | $1,848 |
| Encompass | $1,968 |
| Nationwide | $2,076 |
| Auto-Owners | $2,616 |
| Erie | $3,216 |
We sourced this data by analyzing real quotes from Compare.com's 100-plus partner insurance companies alongside rate filings collected and distributed by Quadrant Information Services. Actual quotes may vary. Data updated on Monday, August 10 at 5:00 PM PDT.
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Average Cost of Homeowners Insurance in Virginia
The amount of coverage you choose has a big effect on what you’ll pay for Virginia home insurance. You might need higher coverage limits to protect your home and belongings, but they also increase your premiums because insurers take on more risk. Other factors, like your home’s age, square footage, and construction type, also affect costs.[2]
The table below shows the average rates in Virginia for various dwelling coverage amounts, according to Compare.com data.
The below rates in Virginia are estimated rates current as of: Monday, August 10 at 5:00 PM PDT.
Company | Average Yearly Premium |
|---|---|
| Chubb | $936 |
| Travelers | $972 |
| Virginia Farm Bureau | $996 |
| Mercury | $1,056 |
| Allstate | $1,176 |
| Farmers | $1,284 |
| Homeowners Of America | $1,284 |
| State Farm | $1,296 |
| Encompass | $1,524 |
| Nationwide | $1,548 |
| Auto-Owners | $1,956 |
| Erie | $2,268 |
The below rates in Virginia are estimated rates current as of: Monday, August 10 at 5:00 PM PDT.
Company | Average Yearly Premium |
|---|---|
| Travelers | $1,332 |
| Virginia Farm Bureau | $1,344 |
| Chubb | $1,392 |
| Mercury | $1,464 |
| State Farm | $1,644 |
| Homeowners Of America | $1,656 |
| Allstate | $1,668 |
| Farmers | $1,848 |
| Encompass | $1,968 |
| Nationwide | $2,076 |
| Auto-Owners | $2,616 |
| Erie | $3,216 |
The below rates in Virginia are estimated rates current as of: Monday, August 10 at 5:00 PM PDT.
Company | Average Yearly Premium |
|---|---|
| Virginia Farm Bureau | $1,680 |
| Travelers | $1,716 |
| Chubb | $1,848 |
| Mercury | $1,884 |
| State Farm | $1,944 |
| Homeowners Of America | $2,052 |
| Allstate | $2,160 |
| Encompass | $2,376 |
| Farmers | $2,484 |
| Nationwide | $2,604 |
| Auto-Owners | $3,336 |
| Erie | $4,164 |
The below rates in Virginia are estimated rates current as of: Monday, August 10 at 5:00 PM PDT.
Company | Average Yearly Premium |
|---|---|
| Virginia Farm Bureau | $2,100 |
| Travelers | $2,172 |
| State Farm | $2,232 |
| Chubb | $2,304 |
| Mercury | $2,340 |
| Homeowners Of America | $2,460 |
| Allstate | $2,640 |
| Encompass | $2,772 |
| Nationwide | $3,120 |
| Farmers | $3,204 |
| Auto-Owners | $4,068 |
| Erie | $5,088 |
The below rates in Virginia are estimated rates current as of: Monday, August 10 at 5:00 PM PDT.
Company | Average Yearly Premium |
|---|---|
| State Farm | $2,880 |
| Mercury | $3,060 |
| Travelers | $3,120 |
| Virginia Farm Bureau | $3,156 |
| Chubb | $3,360 |
| Homeowners Of America | $3,504 |
| Allstate | $3,696 |
| Encompass | $3,696 |
| Nationwide | $4,392 |
| Farmers | $4,788 |
| Auto-Owners | $5,664 |
| Erie | $7,356 |
The average cost of homeowners insurance coverage can vary widely by Virginia city, depending on local building codes, construction costs, crime rates, and weather risks.
Check out the table below to see average annual premiums for some of the largest cities in Virginia, according to Compare.com data.
CityAverage Yearly PremiumRichmond $140 Roanoke $120 Virginia Beach $239 We sourced this data by analyzing real quotes from Compare.com's 100-plus partner insurance companies alongside rate filings collected and distributed by Quadrant Information Services. Actual quotes may vary. Data updated on .
Common Home Insurance Risks in Virginia
Homeowners in Virginia face a variety of risks that can drive up insurance costs because they’re more likely to lead to claims.[3] Below are the most common and expensive home insurance risks you’ll face as a Virginia homeowner.
Flood damage
Virginia has low-lying coastal areas and rivers that can flood during heavy rain or hurricane season. Standard homeowners insurance doesn’t cover damage from flooding, so many homeowners should have a separate flood insurance policy.
Hurricanes and wind damage
Eastern Virginia is vulnerable to hurricanes and strong storms, but windstorms can happen anywhere in the state. These weather events can cause fallen trees and property destruction from wind damage and heavy rainfall. Insurers often charge more in areas with a high risk of severe weather and windstorms.
Winter weather
Winter weather claims are common in northern states like Virginia. Snow, ice, and freezing temperatures can wreak havoc on your home, causing trees to fall, pipes to burst, and ice dams on your roof.
Older homes
Homes built decades ago often have outdated wiring, plumbing, and roofing. These issues make damage more likely and repairs more expensive, which can increase insurance premiums. If you live in an older home, consider ordinance or law coverage, which helps pay to bring your home up to current building codes after a covered loss.
Virginia State Corporation Commission
The Virginia State Corporation Commission (SCC) regulates the insurance industry, helps consumers understand insurance rules and different policy types, and helps file complaints if necessary.
You can file a complaint online or contact the SCC at 1 (877) 310-6560. You can also contact consumer services for property and casualty insurance by email at [email protected].
What Homeowners Insurance Covers in Virginia
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A homeowners insurance policy in Virginia protects your home, personal belongings, and liability. Each policy offers standard coverage, and you can tailor your policy limits to your specific coverage needs. In Virginia, homeowners insurance covers:[4]
Dwelling coverage: Pays to repair or rebuild your home if it’s damaged by covered perils like fire, wind, or storms.
Personal property coverage: Helps pay for damage to your personal property, like your clothing, furniture, and electronics, from claims like theft, vandalism, and storm damage.
Personal liability coverage: Provides personal liability protection if someone gets hurt on your property or you accidentally cause property damage to others.
Medical payments coverage: Covers medical expenses for minor injuries that happen on your property, even if you’re not at fault.
Loss of use coverage: Pays for additional living expenses and temporary housing if your home is uninhabitable after a covered loss.
What home insurance doesn’t cover
Although standard policies offer broad coverage, they have important exclusions you should know about, including:
Earthquakes: Home insurance typically excludes damage from earthquakes, landslides, and mudslides unless you add an endorsement to your policy.
Wear and tear: Your policy won’t cover damage from age, neglect, or poor maintenance.
Pests and mold: Homeowners policies typically won’t cover mold, termite, or rodent damage.
What a policy covers varies by insurer. Read your policy carefully and ask your insurance agent if you have questions.
Do You Need Flood Insurance in Virginia?
A standard home insurance policy doesn’t cover flooding in Virginia. So if your home is in a flood-prone area, you’ll need a separate policy. Many lenders’ underwriting departments require flood insurance for homes in high-risk flood zones.
You can buy flood insurance through private insurers or the National Flood Insurance Program (NFIP). Rates depend on your property’s risk level and coverage options.
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Factors That Affect Home Insurance Costs in Virginia
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Home insurance rates in Virginia depend on more than just your home’s value. Several factors influence what you’ll pay each month, including:
The home itself: The age, size, construction type, condition, and characteristics of your home affect premiums. Older and high-value homes usually cost more to insure.
Where you’re located: Neighborhood risks, such as crime and storm exposure, affect rates. Coastal areas and flood-prone regions often see higher premiums.
How you structure your policy: Your policy limits, deductibles, and the types of coverage you choose factor into insurance costs. Increasing coverage limits or adding riders can raise your premium.
Your background: Insurers may consider your claims history and prior owners’ past claims to estimate risk and set rates.
Virginia Home Insurance FAQs
If you’re shopping for homeowners insurance in Virginia, answers to the most common questions about home insurance can help you find the right coverage and insurer.
How much is home insurance in Virginia?
Homeowners insurance in Virginia averages $148 per month for a home with $300,000 in dwelling coverage, according to Compare.com data. But rates vary by home type, location, and insurer.
What’s the best home insurance company in Virginia?
The best homeowners insurance company in Virginia depends on your needs. Auto-Owners, Chubb, Amica, Erie, and Foremost all rank highly for coverage options, claims service, and customer satisfaction.
Which company has the cheapest homeowners insurance in Virginia?
Travelers offers the cheapest homeowners insurance in Virginia, with an average monthly rate of $111, based on Compare.com data. But the cheapest company for you will depend on your claims history, coverage needs, and ZIP code.
How much is home insurance on a $400,000 house?
Rates go up as home insurance coverage increases. Virginia policyholders pay an average of $187 for a policy with $400,000 in dwelling coverage, according to Compare.com data.
Does homeowners insurance cover condos?
Yes, but it’s a different type of policy. Condo owners usually need an HO-6 policy that covers personal property, liability, and interior structures. The condo association insures the building itself, unlike a homeowners policy, which covers the home structure.
Are there any available discounts for homeowners insurance in Virginia?
Yes. Common home insurance discounts in Virginia include those for installing security systems, being a claims-free homeowner, and bundling with auto insurance.
What factors affect the cost of homeowners insurance in Virginia?
Homeowners insurance costs depend on many factors in Virginia, including your home’s age, location, construction, size, and condition. Your age, claims history, and coverage choices also affect premiums.
Sources
- J.D. Power. "2025 U.S. Home Insurance Study."
- National Association of Insurance Commissioners. "A Consumer's Guide to Home Insurance."
- Virginia Department of Historic Resources. "Climatological Disasters."
- Insurance Information Institute. "Homeowners Insurance Basics."
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Mandy SleightInsurance Writer
Nick VersawSenior Managing Editor
Katie PowersLicensed P&C Agent and Insurance Editor
Licensed auto and home insurance agent
4+ years of experience in insurance and personal finance editing
NPN: 20564519