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8 Best Homeowners Insurance in Virginia of 2022

Augustine Reyes Chan

Augustine Reyes Chan

Find out about the best home insurance company in VA to provide you with the necessary coverage for your home, whether it's a small house or an apartment.
Virginia Richmond

While Virginia is large and diverse with quality of life to offer, Virginian homeowners do have some things to worry about.

Because it borders the Chesapeake Bay and has numerous rivers originating from the Bay and the Atlantic Ocean, Virginians have to be wary come hurricane season or any time there's a large storm; as many areas automatically become susceptible to flooding.

As such, it’s wise for Virginia homeowners to take out a homeowners insurance policy and being sufficiently covered.

You may think you don’t need it. But when heavy winds rip the shingles off your roof, do you have enough money to cover the repair?

If you don’t, you’ll have to pay out of pocket.

But if you have homeowners insurance, you won’t pay a thing (or only a fraction of the cost as per your deductible)

And you need it to protect your most expensive investments: your home and any high-cost items you own, such as jewelry and artwork.

To find the best Virginia homeowners insurance, you may want to think about how affordable a policy is, customer service ratings, coverage options, discounts, policy features, and how easy it is to make a claim, for example.

With so many best considerations about homeowners insurance, how can you be sure you are getting the one that fits your needs?

Not to worry, as we’ve done the research for you by providing you with the best insurance policies ranked by category.

Best Homeowners Insurance in Virginia

  • Lemonade: Best For Handling Quick Claims

  • Liberty Mutual: Best for Discounts

  • Travelers Insurance: Best For Low Complaints

  • State Farm: Best for Additional Coverage

  • Nationwide: Best for Cheapest Premiums

  • Chubb: Best for Covering Costly Items and Repairs

  • Amica Mutual: Best for Dividend Policy

  • Rockingham Insurance: Best for Customer Service

Lemonade: Best For Handling Quick Claims

Lemonade, as you probably know, is all AI, meaning you get instant quotes, buy coverage, and pay your bills to name a few, from the company’s website and mobile app.

Lemonade is highly regarded for many things, but what sticks out is its easy way to file a claim and get a payout in a very short time.

You can file a claim anytime using the app or website, which allows you to save time and provides you with ultimate convenience.

Lemonade handles 30% of claims instantly.

In most situations, your claim may be paid in as little as three minutes.

Three minutes!

That means money back into your pocket sooner than you thought.

How Well Received is Lemonade?

  • BBB: C
  • AM Best: A-
  • NAIC: .81

Read the full Lemonade homeowners insurance review.

Lemonade Homeowners Insurance Pros & Cons
ProsCons
Fast premium quoteCompany built for online use only
Flat fee on monthly premiumsIf unable to find answers regarding the policy, there are no live agent to speak to
10% bundling discount when combining home insurance with pet insuranceCoverage not nationwide
Giveback program lets policyholders donate their unused premiums to the charity of their choiceFew discounts to lower premiums
Has coverage matching tool to help homeowners compare prices between home insurance companies
Offers a unique endorsement for swimming pool coverage

Liberty Mutual: Best for Discounts

Liberty Mutual has one of the best rates in the US, with basic homeowners insurance coverage that’s around $112.75 per month.

Progressive and State Farm are in direct competition with Liberty, as both are similar in price.

But you probably won’t pay a monthly premium of $112.75.

That’s because Liberty has several discounts that will bring down the cost of your policy.

Here are the most common discounts:

  • Multipolicy or bundling.
  • Claims-Free: If you never made a claim with another homeowners insurance for five years or more, you’ll get a discount if you take out a new Liberty Mutual Policy.
  • Security Device Discount: If you add to your home security cameras, alarms, fire alarms, burglar alarms, deadbolts, and if you live near a fire hydrant, you can claim a discount.
  • If you have water leak detection, shutoff devices, or sprinklers, you’ll also get a discount.
  • A lower premium if you bought a new home or newly renovated your home.
  • Homeowners who are insured by another company are eligible for a reduced rate if they get a quote from Liberty before that other insurance terminates.
  • If you choose replacement cost to insure your home rather than market value, you may get a reduction.
  • If you set up automatic billing, you get a discount.
  • Discount if you are an active member of the military or are a veteran.

How Well Received is Liberty Mutual?

  • AM Best: A
  • JD Power: 805/1,000
  • NAIC: More complaints than average
Liberty Mutual Home Insurance Pros & Cons
ProsCons
10% off if purchase insurance online10% off available in only select states
One of the least expensive companies on the market; discounts make it even more affordable10% off only basic policy; endorsements not included
Endorsement for damage from water that backs up into homeAbove average customer complaints
Takes only 5-10 minutes to file claimCoverage denied if own certain dog breeds

Travelers Insurance: Best For Low Complaints

Travelers has great coverage options, overall affordable rates, and a user-friendly website and app.

What stands out the most is that Travelers has low home insurance complaints, which means the company has far fewer complaints in comparison with similar homeowners insurance companies.

This is according to three years of data from the National Association of Insurance Commissioners (NAIC), which gave Travelers a low complaint index of 0.99.

Another way that Travelers stand out is its website, where you can easily shop for quotes or, after becoming a member, manage your policy online.

The website is also chock full of all the information you need about getting homeowners insurance.

How Well-Received is Travelers?

  • JD Power: 807/1,000
  • AM Best: A++
  • BBB rating: A+
ProsCons
Easy to find features on website and appOffers limited flexibility in terms of limits to choose for additional coverage
Discount for using environmentally friendly materials when repairing or rebuilding home after a covered peril. (This is unique coverage)Makes you speak to a rep if you want additional coverage
Available in most US states, plus Washington, DCDoesn’t insure mobile or manufactured homes
Policy is paid annually, not monthly
Can’t go below $30,000 of personal property

State Farm: Best for Additional Coverage

In addition to its standard homeowners coverage, State Farm offers several additional coverages so that you can make your policy comprehensive.

You pay for each add-on and your premium will go up. But some of the ones offered by State Farm are unique to the company and not found in competitor insurers. These are:

  • Coverage for structures located outside the premises of your home.
  • Coverage for homes that are rented out more than 30 nights a year.
  • Service line coverage for underground utility lines that are damaged.
  • Coverage to replace HVAC for more energy-efficient models.
  • Vacant home: if you left it for more than 30 days, and there’s a burglary, you could get coverage for replacements.
  • Compliance with building codes or zoning laws.
  • Coverage of theft of building materials while your new home is being constructed.
  • Equipment breakdown (furnaces, A/C units, etc.)
  • Liability coverage for damage to other people’s property due to a waterbed.

How Well Received is State Farm?

  • JD Power: 835/1,000
  • AM Best: A++
  • BBB: A+
  • NAIC: .02
State Farm Homeowners Insurance Pros & Cons
ProsCons
Very affordable ratesAffordable insurance, but cheapest rate only available if you bundle
Upgrade to weather-resistant roof gets roofing discountNot available in Massachusetts or Rhode Island
19,000 local agents throughout the USLower than average consumer satisfaction
Numerous insurance products available to bundle
Coverage if own energy-efficient appliances

Nationwide: Best for Cheapest Premiums

Nationwide is one of the cheapest home insurance companies of all comparable insurers on the market.

The monthly premium is only $103, or $1,236 annually.

Nationwide beat the average cost of homeowners insurance in the US, which is a monthly rate of $117, or $1,406 per year.

It also beat its competitors, based on quotes specifically covering Virginia residents.

Progressive and State Farm are higher, both coming in at $113 per month.

Nationwide did not beat the average cost of home insurance in Virginia, which is a very affordable $96 a month.

But Nationwide makes up for it.

Specifically, the company offers coverage options that are standard to the basic policy, but which cost extra when offered by other insurers.

Here are some examples that come standard:

  • Replacement coverage
  • Inflation protection
  • Loss assessment
  • Identity theft protection up to $25,000
  • Building ordinance coverage

How Well-Received is Nationwide?

  • BBB rating: A+
  • JD Power: 886/1,000
Nationwide Homeowners Insurance Pros & Cons
ProsCons
With discounts, your premium may be the cheapest in comparison with other insurersCould offer more in terms of coverage variety
Mobile app for policy managementHave to contact agent for quote in some states
Available in all 50 statesHard to reach customer service department
Helpful quote tool with education resourcesThus, low rating for overall customer satisfaction
Fewer customer complaints than expected for a company of its sizeMobile app can get you a quote or pay your bill, but most of the app is designed for auto policies

Chubb: Best for Covering Costly Items and Repairs

Chubb homeowners insurance is costly, but then again, the company caters to the wealthy, such as those who live in Virginia towns such as Blacksburg, Williamsburg, Fredericksburg, Woodstock, and Charlottesville.

These residents live in homes over a million dollars and have high-cost personal property like jewelry and fine art.

Chubb offers a lot of incentives for the rich. Some of these come at no cost to you or are offered under Chubb’s standard policy.

Such as, unlike other insurers, you can get higher liability costs with coverage up to $100 million.

You can get a tree removed after a storm hits your home.

Data restoration after a computer virus.

Extended replacement cost, which covers upgrades to coincide with current building codes.

You can rebuild your home even if damages exceed the limit in the policy.

If your home is destroyed, you get funds for coverage, but if you don’t like that option, Chubb will provide you with a cash settlement.

Replacement cost rather than depreciated value of your high-cost belongings.

Home repairs such as appliance repair damage that pays for the full replacement cost.

Ordinance of law coverage.

Water backup coverage.

Lock replacement.

Wildfire policy to defend your home.

Covers expenses for traumatic events like carjacking and home invasion.

How Well Received is Chubb?

  • BBB: A+
  • JD Power: 2/5
  • NAIC: 0.14
  • AM Best: A++
Chubb Homeowners Insurance Pros & Cons
ProsCons
Excellent overallOne of the highest-priced home insurance companies in the industry
Offers private flood insuranceOnly covers high-cost homes
Deductibles waived if loss is greater than $50,000Most customers unable to get a quote online
Unlimited loss-of-use coverage in most states
$25,000 in medical payments coverage

Amica Mutual: Best for Dividend Policy

Amica Mutual is known for its excellent customer service, which is why it has a very low complaint ratio according to NAIC.

But one of the company’s stellar attributes is its dividend policy.

Amica’s dividend policy refunds a portion of money back to you that you've already paid to the insurer to help you offset the overall amount you pay.

The payments are around 5-20% of your annual premium.

While a dividend policy may be expensive upfront, in the long run, you can save money.

How Well Received is Amica Mutual?

  • JD Power Claims Satisfaction Study: 894/1,000
  • NAIC Complaint Ratio: 0.22
  • AM Best: A+
Amica Mutual Homeowners Insurance Pros & Cons
ProsCons
No limit on personal property coverageDividend policy not available for residents living in California, Florida, Missouri, and North Carolina
Offers live 24/7 claims processingDiscounts not available in every state
Eight different discounts to lower your premiumNot available in AK and HI
Up to 18% off when you bundleLimited endorsements; popular ones like equipment breakdown and service line coverage are not available
Loyalty policy discount after two years or more
Premium reduction if claims-free for three years
Offers deductibles as low as $100

Rockingham Insurance: Best for Customer Service

Rockingham only covers Virginia and Pennsylvania, and yet the company has one of the finest reputations around.

That’s due to their affordable premiums, their discounts that lower the cost of your rates, and above all their excellent customer service.

You get the personalized attention you need that you just can’t get with larger companies.

Their sign-up process is quick and easy. When you join the company, you are contacted the same day and can get coverage within 24 hours.

The reps are also friendly, prompt, and courteous, and because they treat you as human beings, you feel more at home with them.

And they will hold your hand as they guide you through your new policy, such as the process of filing a claim.

In fact, after filing a claim, you can expect to get a check within a week.

How Well Received is Rockingham Insurance?

  • BBB: A+
  • AM Best: A
Rockingham Insurance Homeowners Insurance
ProsCons
Best for those who prefer a smaller company with local rootsPolicyholders argue they don’t receive full compensation for a claim
Receives very few complaints, a testament to their high level of customer supportNot well-known outside the industry
Coverage can be tailor-madeOnly available in two states
Covers high-risk properties such as mobile homes, farms, and moreBeing under-covered may happen due to customizable policy
If invisible infrastructure (water pipes, electric lines, etc.) is damaged, insurer will give homeowners coverage they need

How We Decided

There are many homeowners insurance companies that cater to Virginia residents, and it can be hard to differentiate which is best.

But we did know coming in that the “best” homeowners insurance company had to have a high customer satisfaction rating, affordable pricing, many coverage options, as well as many types of discounts.

Coverage

We looked at homeowners insurance policies based on how much coverage they offered.

Specifically, we considered a company that had the most unique coverages that came standard in a basic policy and which you didn’t have to pay extra for.

We looked out for the latter to ensure that the companies that made our list were the most affordable.

And if a company offered individualized coverage, like a decreasing deductible and full coverage for equipment breakdown rather than its depreciated value, we put that company on our list.

If a company didn’t have enough coverage, we then looked at add-ons that you had to buy separately.

We also turned to companies that offered no limits on personal property coverage.

Discounts

We narrowed down our focus on those companies that had the most unique or easy-to-qualify discounts that could bring down the price of your premium.

Price

We also looked at companies that had affordable premiums. If the insurance company had a rate below the national average or below the average cost of homeowners insurance in Virginia, we put that company on our list.

Discounts also played a huge part when we considered the price of a company.

Customer Reviews

We looked at many sites that offered customer reviews to also narrow down our options. The ones with the most positive reviews were included on our list.

Technology

Technology is a huge part of our lives.

And some technological advances, like Lemonade’s all AI policy, were designed to save us time when filing a claim or purchasing an add-on because we could do those and much more at any time of the day or at our convenience.

If a company’s website and app allowed you to manage most of your insurance needs electronically or if both were easy to use even for the technophobe, then that’s a company that we considered.

Is It Mandatory to Buy Home Insurance in Virginia?

Homeowners insurance isn't mandatory by law.

However, if you have a home mortgage, the lender will likely require it to protect its investment.

Even if you own your home outright, homeowners insurance can spare you from spending a lot of money on out-of-pocket costs to rebuild your home if it gets damaged due to a covered peril.

What is Covered in Homeowners Insurance?

For a basic insurance policy, here’s what a Virginia home insurance typically covers.

Dwelling

If your house is damaged or destroyed due to a fire or a natural disaster, or a covered event that you could not have predicted, your insurer will cover the cost of rebuilding your home.

Liability

If you cause bodily injury or property damage to another person unintentionally or through neglect, your insurance will pay for any medical bills the injured person needs, and legal fees and legal representation if you’re sued.

Medical

This policy pays if someone is injured on your property and needs medical treatment, regardless of who’s at fault. Also pays if you, a family member, or a pet like a dog injures someone elsewhere.

Personal Property

This pays to repair or replace personal belongings that are stolen or damaged in a covered peril whether that happens in your home or on a trip.

Loss of Use

If your home is destroyed and you can’t possibly live there due to health reasons or because it’s simply inhabitable, loss of use pays for hotel stays and having meals at restaurants.

How Much Does Homeowners Insurance Cost in Virginia?

The average cost of homeowners insurance in the US is $117 a month.

The average cost of homeowners insurance in Virginia is $96 a month.

As you can see, coverage in Virginia is much lower than the national average.

What is the Cheapest Homeowners Insurance in Virginia?

In Virginia, home insurance is highly personalized and costs differently for each homeowner.

That’s because homeowners buy endorsements or separate policies to, say, cover natural disasters that Virginia is known for: hurricanes and heavy wind.

This means your premium will rise for each add-on you buy, and which is why there is no “one” cheapest home insurance.

But if you need facts, here they are:

The policy with the lowest rates is Nationwide, which charges a monthly premium of $103 in Virginia. It’s slightly higher than the US average, but the company also has many discounts that can significantly lower your rate.

Following Nationwide, the two most affordable insurers are Progressive and State Farm. Both cost around $113 per month.

Despite being in the East Coast hurricane zone, Virginia home insurance rates are often below the national average.

Are There Ways to Reduce the Cost of Homeowners Insurance?

The biggest way to reduce the cost of your premium is to ask your insurer for discounts.

Discounts are things offered by an insurance company that you may or may not be able to fulfill.

For example, a common discount you can get is if you are 55 or older and retired.

But one discount many homeowners qualify for is the multi-policy discount, also called bundling.

You can bundle your home insurance with your auto policy if both are covered by the same insurer and you then qualify for a discount.

Keep in mind that you need to qualify for a discount. So. look for a company that offers discounts that are specific to your needs and which you can take advantage of.

So, if you had to be claims-free with a provider for six consecutive years and then moved to a new insurance company that would give you a discount for being clean, this is just nearly impossible to achieve.

You had to have made a claim, even if it was only one time if you are a human being.

Some other ways to save on homeowners insurance include:

  • Shopping around.
  • Choosing appropriate coverage types.
  • Increasing your deductible.
  • Increasing your credit score by paying down credit cards or reducing overall debt.
  • Getting an agent.
  • Making updates to your home that significantly alters it in a useful way, such as remodeling your kitchen.

How Do You Know Which Homeowners Insurance Company is Right for Me?

You should do your due diligence by getting as many quotes as you can from insurers.

To get a quote from an insurer, you supply your name, address, and phone number. But you also share your social security number, which bothers many people because it seems like an invasion of privacy.

To be prepared, here’s the info you need to provide to the insurance company:

  • Your home’s value
  • Your home’s age
  • The size of your home
  • The exact location of your home
  • Details of security measures
  • Any home additions and renos
  • Details of the materials used to build your home
  • Keep in mind that the following personal information will affect your premium
  • Credit score
  • Financial history and/or portfolio
  • Your age
  • Your income

Sharing this helps the insurer come up with a personalized quote for you.

Then you can compare all the quotes to see which ones are the most affordable.

Next, research the companies you got quotes from.

Pay attention to companies that have many discounts to reduce your monthly premium.

Look at the company’s website to see if it is easy to navigate and to see if you can get important information about a policy.

See how easy it is to make a claim, and how fast it is for a company to reimburse you.

What Coverage Should You Look For?

You should then look at what coverage the company has to offer.

You can do this if the company has a website or you can call a rep.

Look at the coverage that is unique to the company and only offered by other insurers at a cost.

Look for the additional coverages you may need (and which will drive up your premium).

This is how to personalize a homeowners insurance policy.

Here are coverage examples and questions to ask:

  • If standard insurance will only pay up to the policy limit, is it possible to increase your coverage at your own cost?
  • If you were traumatized due to carjacking or home invasion, look for a company that covers related expenses.
  • If a company offers individualized coverage, like decreasing deductible and equipment breakdown (your stove, sump pump, etc).
  • Can you get a discount if you use environmentally friendly materials when rebuilding or repairing your house?
  • Does identity theft protection come standard in a basic policy or do you have to buy it as an add-on?
  • How easy is it to reach a customer service rep?
  • Was the customer service rep accommodating, friendly, and useful?

Look at Ratings

Look at rating companies about home insurance that gives you rankings of the best policies and why.

These are AM Best, NAIC, J.D. Power, and BBB.

  • AM Best rates a company’s financial stability.
  • JD Power and BBB both measure customer satisfaction.
  • The NAIC complaint index compares the number of complaints an insurer has relative to its total annual premiums charged.

The national average is 1.0, and a lower score is the best.

You should be on the lookout for how many stars insurance was given or the number of positive reviews.

What’s Not Covered in Homeowners Insurance in Virginia?

Property damage due to water damage caused by flooding from a hurricane is not included in a standard policy.

A standard policy will only cover a limited expense that’s not up to the full value of your most prized possessions.

It also won’t cover termites and insect damage, bird or rodent damage, rust, rot, mold, and general wear and tear.

And if you neglect or fail to maintain your property and so it’s your fault that your property isn’t working properly, then you won’t be covered.

What Is an Add-On and an Endorsement and Do I Need Them?

Homeowners insurance protects us from many emergencies that we couldn’t have predicted such as a covered peril.

A covered peril is an event that the insurer agrees to reimburse you after you file a claim.

Covered perils include fire, lightning strikes, windstorms and hail, weight of snow and ice, theft, and vandalism.

However, every policy has its limitations and exclusions.

That’s why you need to purchase add-ons.

Add-ons, also called endorsements, floaters, and riders, provide extra coverage that you pay and which can fill the gap between what the insurer will pay you after a claim and what the insurer won’t pay you due to your policy limit.

Add-ons also allow homeowners to expand the list of covered perils in their coverage.

As such, add-ons provide valuable protection and security to homeowners.

Endorsements allow homeowners to expand existing coverage where they need it most.

Endorsements can be expensive and will increase your premium. But just like add-ons, endorsements give you peace of mind that if disaster strikes, you’re covered.

What are Examples of Add-Ons?

With add-ons, homeowners can include benefits to their coverage that were previously excluded from the basic or standard policy.

For example, if you have expensive artwork and collectibles, a basic policy won’t be able to fully cover the cost if these were destroyed or damaged in a covered peril.

You’ll have to pay any remaining balance to replace your valuables.

But if you increase your personal property coverage, you’ll be fully protected.

Another example is that in Virginia, as well as in the entire US, a basic homeowner insurance policy will cover damage due to snow, high winds, and hurricanes, but it will not cover water damage from floods.

Sewer Backup Rider

Clogged or greasy drains are common home issues.

Sewage can cause a lot of damage to your home.

While some home insurance companies may include sewer backup protection in their basic policies, most don’t.

So, you have to get an endorsement that will protect your house from water damage due to sewage backup, septic systems, and drains.

Scheduled Personal Property

Usually, home insurance policies have limitations when it comes to expensive personal belongings The amount that your policy can cover may not be enough to replace pricey artwork should a loss occur.

Remember, a standard policy will only cover a limited expense that’s not up to the full value of your most prized possessions.

So, if you own expensive artwork, you can schedule the item by adding it to your standard policy.

This will increase your premium but will fully cover the artwork.

Scheduling means you can enlarge the coverage amounts of your insurance for your artwork or other high-cost belongings.

A scheduled personal property endorsement can also reduce or even eliminate the deductible.

Home-Based Business Endorsement

Nowadays, working from home is what most employees desire. If you are lucky enough to work from home, you’ll have home office property like a computer, a copy machine, and a scanner.

To protect your business property, you should consider purchasing a home-based business endorsement.

This endorsement covers personal property in your home office and can replace lost items in the event of a covered peril. Coverage also pays for medical bills resulting from accidents and injuries to business visitors.

Do You Need Additional Coverage for Natural Disasters in Virginia?

Homes in Virginia are more likely to get damaged from severe storms, hurricanes, and flooding than other states.

This is due largely because Virginia is a state along the Atlantic Coast, and therefore is near several bodies of water.

In fact, Virginia is one of the top states in the nation that are most at risk of hurricanes and hurricane damage, hail, and heavy windstorms.

An insurer won’t cover flood damage from a hurricane. It also won’t cover earthquake and landslide damage.

While hail, wind, and windstorms are covered, the damage they may cause can be so catastrophic that it may be a necessity or an imperative to purchase a rider.

The added coverage you need in Virginia is a hurricane policy, hail insurance, and a windstorm policy.

That’s because insurers in coastal states like Virginia may make exclusions for damages resulting from, say, heavy wind.

As such, purchasing a windstorm coverage endorsement can fully cover storm damage to your home.

So, if your roof blows off from the heavy wind, you should have enough coverage in your policy to replace it.

If a hurricane damages your home, the cost to rebuild can be very high.

Hurricanes in Virginia are common, as hurricane season here lasts between June 1 and November 30.

The average reconstruction cost is $57,844 due to hurricane damage.

Hail, which is covered by a standard policy, also affects Virginia homes. In fact, the state is high in rank for hail events. So it’s best to purchase additional coverage.

Here’s the takeaway:

Higher coverage limits provide more financial protection against disasters. And lower limits can leave you with more out-of-pocket expenses if something happens.

Frequently Asked Questions

How much is homeowners insurance in Virginia?

The average cost of homeowners insurance in Virginia is $96 a month.

Do you have to have homeowners insurance in Virginia?

Homeowners insurance isn't mandatory by law. However, if you have a home mortgage, the lender will likely require it to protect its investment.

What is the cheapest homeowners insurance in Virginia?

The policy with the lowest rates is Nationwide, which charges a monthly premium of $103 in Virginia. It’s slightly higher than the US average, but the company also has many discounts that can significantly lower your rate.

What is typically not covered by homeowners insurance?

Property damage due to water damage caused by flooding from a hurricane is not included in a standard policy.

Do I need natural disaster insurance?

The added coverage you need in Virginia is a hurricane policy, hail insurance, and a windstorm policy.