--- title: "Best Homeowners Insurance In Virginia To Cover Your Home!" canonical: "https://www.simplyinsurance.com/best-homeowners-insurance-in-virginia/" description: "Compare the best homeowners insurance in Virginia. See average costs, top-rated companies, and get free home insurance quotes in minutes." silo: "homeowners" published: "2026-05-21" updated: "2026-05-21" author: "sa-el" source: "Simply Insurance" --- If you’re one of the [68% of Virginia residents](https://www.simplyinsurance.com/how-many-homeowners-in-the-us/) looking for the best homeowners insurance rates, you’ve come to the right place! This post will cover everything you need to know about homeowners insurance in Virginia, including average rates and how to get [home insurances quotes](https://www.simplyinsurance.com/compare-homeowners-insurance-quotes-online/). So whether you’re just starting your search or you already have a policy and are looking for a better deal, keep reading for the best information on homeowners insurance in Virginia. ## More Of The Best Home Insurance Companies In Virginia **Best For Customizability** Liberty Mutual is rated A+ by A.M. Best and known for their great customer service is our second pick. **Best For Discounts** Progressive is best for discounts and they have A+ ratings from both BBB and A.M. Best and is our third pick. **Best For Educational Sources** QuoteWizard is an insurance marketplace that helps you compare quotes across several companies. ## How Much Is Home Insurance In Virginia? Based on our research, **the average cost of homeowners insurance in Virginia is $106 per month or $1,272 per year** based on home-dwelling coverage limits between $200,000 and $250,000. ### What Factors Help Determine Your Virginia Home Insurance Rates? The cost of homeowners insurance in Virginia will vary depending on several factors, such as: **Other items that help determine your Virginia home insurance rates are:** ### What Should You Look For When Comparing The Best Home Insurance In Virginia? Although it may not be the most exciting task, comparing homeowners insurance policies is essential for being a responsible homeowner. And while there are many factors to consider, a few key points should be at the top of your list. First and foremost, you’ll want to make sure that the policy you’re considering covers the replacement value of your home. For example, if you have a $250,000 limit on your policy, that means the insurer will only pay out up to $250,000 in the event of a covered claim. If you have a $1,000 deductible, you will need to pay the first $1,000 of any covered claim yourself. Be sure to review your policy limits and deductibles carefully to make sure they fit your needs. In addition, be sure to ask about any discounts available. Many insurers offer discounts for bundling your home and auto insurance, installing hurricane shutters, or updating your electrical system. ### What Is The Cheapest Homeowners Insurance Company In Virginia? If you’re looking for the **cheapest homeowners insurance company in Virginia, look no further than Progressive**. They offer various discounts, including multi-policy discounts, that can save you money on your premium. In addition, they have a wide range of coverage options so that you can tailor your policy to your specific needs. Plus, their customer service is top-notch, and they have an A.M. Best rating of “A+,” so you can be sure you’re getting a quality policy. So if you’re looking for the best value for your money, be sure to get a quote from Progressive. ## What Does Homeowners Insurance Cover In Virginia? Home **insurance covers your personal property and liability if you are legally liable for injuries or damages caused to someone else**. Below we go over each area of coverage in more detail. #### **Dwelling Coverage** This type of coverage is used to repair or rebuild your home when damage from a covered loss to the physical structure of your home happens. You should always base the cost to rebuild your home if you purchase dwelling coverage, and if the price goes up based on third-party situations, you will be covered. #### **Other Structures Coverage** Other structures coverage covers damage to detached structures that are still a part of your property, such as gates, a dog house, or a fence. It’s best to know how the homeowners insurance Virginia coverage levels will work for other structures, especially when you start dealing with things like hurricane damage. #### **Personal Property Coverage** Personal property coverage can cover you if personal items in your home are damaged, stolen, or destroyed, like furniture and clothes. However, this coverage will not protect your car or motorcycle; you will need to reach out to your auto insurance or car insurance company for that coverage. #### **Loss Of Use (also called Additional Living Expenses – ALE)** Loss of use coverage means that if something happens to your home and you cannot live there because of the damage, your insurance company will reimburse your living costs. #### **Personal Liability Coverage** Personal Liability Protection coverage will kick in if you or your household are personally responsible for causing bodily harm or property damage to others. ## Does Homeowners Insurance Cover Floods In VA? Homeowners policies rarely include Flood coverage, but it is a must for some homeowners. Flood coverage differs from Homeowners insurance because most Homeowners’ policies specifically exclude water damage that results from rising water. ### How Much Is Flood Insurance In Virginia? According to [Neptune Flood](https://neptuneflood.com/), the **average cost of flood insurance is about $700 per year or $58.00 per month**. Still, the price varies depending on several factors, including your geographical area and how much coverage you are looking for. Floods from a high-risk area may even exceed the entire value of your home. ### How Much Is Coverage Through The National Flood Insurance Program? The **average cost of flood insurance is about $771 a year, or $64 a month through the National Flood Insurance Program (NFIP)**. However, they are in the process of updating how they calculate risk and monthly premiums. #### **When is FEMA changing the risk rating system?** On or after October 1, 2021, new policies are priced under Risk Rating 2.0: Equity in Action. From October 1, 2021, through March 31, 2022, existing policies may be able to renew under the Risk Rating 2.0: Equity in Action methodology. Policies effective on or after April 1, 2022, will be renewed under Risk Rating 2.0: Equity in Action. #### **How Will This New Rating System Affect NFIP flood insurance premiums?** Under Risk Rating 2.0: Equity in Action, most policyholders (96%) will see decreases or increases of no more than $20 per month. Policyholders who have premium decreases will immediately transition to the lower rate when their policies renew. Policyholders who have premium increases will see their rates transition gradually, with most annual increases capped at 18%. Premiums will only increase until the full-risk rate is reached. ### What Does Homeowners Insurance Not Cover In Virginia? Virginia homeowners insurance offers comprehensive coverage, but there are a few things your home insurance policy won’t cover that you should consider before purchasing a policy. - Earthquake Damage - Flood damage - Sinkhole Damage (In certain states) - Landslides & Mudflow Damage It’s important to know what your policy won’t cover before you purchase. Call an agent or the company if there are any unclear questions. ## Is Homeowners Insurance Required By Law In Virginia? Although Virginia has no laws that require homeowners to buy insurance, the smartest thing you can do for your home is get a policy. Your home purchase will be one of the most significant investments, so not covering it with insurance would be a huge mistake. Also, keep in mind that just because it isn’t required by law, it doesn’t mean your mortgage lender or condo association won’t need it. ### Can A Mortgage Lender Require Home Insurance Coverage In Virginia? Yes, before you can officially buy your home, your mortgage lender will require that you purchase homeowners insurance. Once you pick the insurance company that you think would be best to cover your newly bought home, they’ll tell you your premium, and you’ll set your coverage to begin on the day of your closing. Your lender will want you to have homeowners insurance lined up and ready to go before you come to the closing. ## How To Find The Cheapest Home Insurance In Virginia? Applying for homeowners insurance in Virginia is easy and can take just a few minutes. The best way to get quotes and apply for coverage is online because most of the cheapest homeowners insurance companies have a free online process that will deliver a quote within seconds or minutes, much like the [Best Homeowners Insurance In Washington To Cover Your Home!](https://www.simplyinsurance.com/best-homeowners-insurance-in-washington/) which offers similar comparative tools. However, you can still reach out to a licensed insurance agent if you need assistance. Here’s how to get the most affordable Virginia homeowners insurance rates: ## Taking Action There is honestly no need to wait around if you need insurance for your home. You can find the best homeowners insurance company in Virginia and purchase coverage through our site immediately by [clicking here](https://www.simplyinsurance.com/compare-homeowners-insurance-quotes-online/). Whether you’re looking for cheap rates or something more specialized like wind damage protection, we have an option that will work perfectly for you! ### Frequently Asked Questions About Virginia Home Insurance Companies **How much is home insurance a month in Virginia?** The average cost across Virginia for homeowner’s insurance was $106.00 per month. However, your final costs will depend on various factors, including the type of home you live in, the coverage amount you choose, the home insurance company you choose, and what deductible you pick. **Who has the best homeowners insurance in Virginia?** Progressive has the best standard homeowners insurance policy Virginia. They have a range of options to choose from, and their rates are very competitive. Plus, they offer a discount if you have multiple policies with them. If you’re looking for the best homeowners insurance in Virginia, Progressive is the way to go. **Who has the cheapest homeowners insurance in Virginia?** This is going to depend on your needs; the company that will have the cheapest insurance in Virginia for you will depend on several factors that relate to your home, including the value of your home, the area you live in, what type of home you live in and what kind of coverage you select. Your deductibles and coverage limits will make up a portion of the cost. That’s why it’s crucial to search multiple homeowners insurance companies when you are looking for coverage. **How much is homeowners insurance on a $200000 house in VA?** The average cost of a Virginia home insurance policy on a $200,000 home in Virginia is about $106 per month, but you will need to compare homeowners’ insurance quotes as prices will vary depending on the Virginia insurers you choose and the city or county that you live in.