Best and Cheapest Home and Auto Bundle Companies in Virginia (2024)

MoneyGeek analyzed each insurance company’s affordability, customer service and discount offerings. We used these factors to determine the best home and auto insurance providers in Virginia, which are:

• State Farm: MoneyGeek score of 86 out of 100
• Nationwide: MoneyGeek score of 82 out of 100

State Farm and Nationwide earned similar rankings in home and auto insurance (4 out of 5) and discounts (5 out of 5). A key difference is that Nationwide offers more affordable policies than State Farm. State Farm may rank slightly higher than Nationwide since it provides more unique home insurance add-on coverages.

MoneyGeek’s research revealed that Virginia insurance companies have an average discount rate of 12%. In addition, State Farm offers the most significant discount rate at 21%, whereas Travelers has the lowest rate at 8%.

Those shopping for auto and home insurance in Virginia may instantly be drawn to the cheapest policies. However, the affordable option doesn’t cater to every individual's needs. MoneyGeek advises readers to determine the best combination insurance company based on their specific needs.

Although Nationwide has the most affordable rates in Virginia at $1,371 per year, it doesn’t offer the largest discount. To choose a suitable company for your needs, consider other factors aside from affordability.

For those who prioritize affordability above other factors, MoneyGeek found Virginia's cheapest home and auto insurance providers. Our top picks are:

• Nationwide: $1,371 per year
• State Farm: $1,510 per year

It's advisable not to focus solely on rates when considering the most affordable companies for bundling insurance. Consider assessing an insurer’s service quality, especially regarding claims. An insurer’s benefits, disadvantages and unique features are important factors.

Do note that MoneyGeek didn’t include discounts for this analysis.

Bundling auto and home insurance in Virginia shouldn’t be the default move for those looking to save. Sometimes, combining insurance policies from two insurance companies can save you more.

However, this isn’t the case in Virginia. Nationwide’s bundle policy ($1,371 per year) is cheaper than State Farm’s auto insurance ($764) and Nationwide’s home insurance ($886), totaling $1,650. In this scenario, it’s much cheaper to choose Nationwide’s home and auto insurance bundle, which costs $279 less than the State Farm and Nationwide combination.

It’s generally a good idea to bundle home and auto insurance in Virginia to get extra savings, especially since bundling tends to be cheaper. Bundling policies can also be more convenient since you only work with one insurance company. Although bundling is ideal for some, there are a few exceptions.