Updated: February 1, 2026
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Main Street America offers the cheapest homeowners insurance in Virginia, with average rates of $1,030 per year.
Main Street America, State Farm, Chubb, Auto-Owners and Farmers offer rates 27% to 62% below Virginia's $2,676 average.
Bundle your home and auto insurance policies to save 10% to 25% on premiums — one of the biggest discounts Virginia insurers offer.
Main Street America is the cheapest home insurance company in Virginia at $1,030 per year. State Farm ranks second at $1,551 annually and covers all Virginia residents. The five most affordable insurers save homeowners between $722 and $1,646 compared to the state average.
| Main Street America Insurance | $86 | $1,030 | -62% |
| State Farm | $129 | $1,551 | -42% |
| Chubb | $138 | $1,660 | -38% |
| Auto-Owners Insurance | $162 | $1,939 | -28% |
| Farmers | $163 | $1,953 | -27% |
*The rates above are for homeowners ages 41 to 60 with good credit and no claims history. Quotes are for a home built in 2000 insured for $250,000 in dwelling coverage, $125,000 in personal property coverage and $200,000 in liability coverage with a $1,000 deductible.
According to our cost research, Main Street America offers the lowest rates across all categories in Virginia. Whether you own an older home, qualify as a senior or live in a high-risk fire zone, the insurer delivers the most competitive pricing among major insurers.
| Older Homes | Main Street America Insurance | $1,047 |
| Newer Homes | Main Street America Insurance | $702 |
| Young Homeowners | Main Street America Insurance | $1,031 |
| Senior Homeowners | Main Street America Insurance | $1,026 |
| High-Risk Fire Homes | Main Street America Insurance | $1,154 |
| Smaller Homes | Main Street America Insurance | $1,180 |
| Larger Homes | Main Street America Insurance | $1,306 |
The cheapest company may not be your best fit. Customer service quality, coverage options and claims handling matter beyond price. Our guide to the best home insurance companies in Virginia compares insurers across these factors.
Risk factors differ by location, so insurers price policies differently across Virginia. Main Street America Insurance offers the lowest rates in cities like Alexandria and Arlington, while State Farm provides more affordable coverage in Virginia Beach.
| Alexandria | Main Street America Insurance | $572 |
| Arlington | Main Street America Insurance | $589 |
| Chatham | Main Street America Insurance | $737 |
| Chesapeake | Main Street America Insurance | $1,168 |
| Edinburg | Main Street America Insurance | $579 |
| Fairfax | Main Street America Insurance | $560 |
| Hampton | Main Street America Insurance | $1,395 |
| Newport News | Main Street America Insurance | $1,117 |
| Norfolk | Main Street America Insurance | $1,300 |
| Richmond | Main Street America Insurance | $755 |
| Virginia Beach | State Farm | $1,542 |
Your coverage needs determine which insurer offers the best rate. Chubb provides the lowest premiums for basic coverage at $710 annually, while Main Street America delivers the most affordable rates for mid-range and high-value homes. State Farm is the cheapest provider when you need $1 million dwelling coverage with higher liability limits.
| Chubb | $59 | $710 |
| State Farm | $71 | $853 |
| Main Street America Insurance | $71 | $855 |
| Farmers | $94 | $1,125 |
| Auto-Owners Insurance | $101 | $1,211 |
Virginia homeowners can cut their insurance costs by hundreds of dollars annually through discounts, higher deductibles and smart home improvements.
Combine your home and auto insurance with the same company to save 10% to 25% on both policies. State Farm, Allstate and Progressive offer bundle discounts to Virginia homeowners.
Raise your deductible to lower your annual premium, though you'll pay more out of pocket when filing a claim. Choose a deductible amount you can afford if you need to file a claim.
Virginia allows insurers to use credit-based insurance scores when setting rates. Improving your credit score can save you hundreds of dollars annually on your home insurance premium.
Filing multiple claims within three years triggers rate increases. Use homeowners insurance for major losses rather than small repairs you can afford.
Contact your insurer to find all discounts you qualify for beyond bundling. Review your policy annually to add new discounts as your situation changes.
Frequently asked questions about the cheapest home insurance in Virginia:
Yes, standard homeowners insurance in Virginia covers tornado damage to your home and belongings. Check your policy for any exclusions or special requirements, especially if you're in a higher-risk area. Virginia has moderate tornado risk overall.
Virginia doesn't require flood insurance statewide. Your mortgage lender may require it if your home sits in a FEMA high-risk flood zone. Worth buying even when optional; homeowners insurance excludes flood damage, leaving you to cover repair costs yourself.
Replacement cost coverage pays to rebuild or replace your home at current prices. Actual cash value subtracts depreciation based on your home's age and condition, paying you less. Virginia lenders typically require replacement cost coverage.
You can cancel Virginia home insurance by notifying your insurer in writing. Some insurers charge cancellation fees but refund the unused premium. Check your mortgage requirements first; lenders require proof of continuous coverage.
Our rate analysis reflects what most Virginia homeowners need: standard coverage for a typical single-family home built within the past 25 years.
We collected quotes from major insurers using a consistent homeowner profile across Virginia. This approach shows how each company prices the same coverage by removing variables that make direct comparisons difficult. The base profile represents the most common home insurance scenario in Virginia.
Standard Coverage Profile:
For specialty scenarios like older homes, high-value properties and rural locations, we adjusted variables from this base profile while keeping other factors constant. This shows how specific characteristics affect your rate compared to the standard homeowner.
These figures are estimates based on statewide averages. Your actual premium depends on your home's location, age, construction type and your claims history. Compare quotes from at least three insurers to find your lowest rate.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
