The Best Cheap Homeowners Insurance in Arlington, Virginia for 2024: Quotes and Reviews

Insurance companies in Arlington generally offer the same core coverages. Since rates change depending on your preferred carrier, a policy’s cost is a key factor to consider when choosing a company.

MoneyGeek’s research shows these companies offer the cheapest homeowners insurance in Arlington, on average, with $250,000 in dwelling coverage:

• Universal Property: $562 per year
• Erie: $569 per year

Meanwhile, the most affordable providers of homeowners insurance for expensive houses that need $2 million in dwelling coverage on average are:

• Universal Property: $3,229 per year
• Erie: $4,248 per year

The table below shows how homeowners insurance prices can change based on the homeowner’s dwelling coverage limit.

In this guide, all quoted policies that come with a baseline dwelling coverage of $250,000 have personal property limit coverage of $100,000, while policies with $2 million dwelling coverage have personal property limit coverage of $800,000. Additionally, all policies in this analysis have $100,000 in liability coverage.

Residents of other cities in the state can use MoneyGeek’s analysis of home insurance in Virginia to find the best available policies.

The average cost of homeowners insurance in Arlington is $984 per year. This is lower than the state average of $2,058 per year and the national average of $2,103 per year.

A person’s location affects their homeowners insurance rates. However, factors such as their credit score, preferred dwelling coverage limit and chosen personal property coverage limit also impact the cost of their premiums. MoneyGeek’s calculator can be used to compare homeowners insurance quotes in Virginia.

MoneyGeek recommends that homeowners looking for insurance in Arlington consider other factors beyond a policy’s price. It’s a good idea to review the carrier’s customer service record and financial stability. Insurance claims are usually made during stressful times, and it’s ideal to work with a company that will process claims quickly and fairly.

MoneyGeek studied Arlington’s home insurance providers and scored them based on their affordability, user satisfaction and financial stability. We found the best homeowners insurance providers in the city are:

• Best Overall: Erie
• Runner-up: Travelers

People with newly constructed homes in Arlington pay less for their homeowners insurance compared to someone with an older home. Houses built with modern materials are less likely to be damaged, so their owners are less likely to file a claim. If they do file a claim, newer materials are more affordable to replace.

The average cost of homeowners insurance in Arlington is $752 per year for newly constructed homes. Meanwhile, insuring houses built in 2000 costs approximately $984 per year.

On average, MoneyGeek’s research found that the cheapest homeowners insurance for people insuring new houses comes from:

• Travelers: $413 per year
• Universal Property: $430 per year

A homeowners insurance policy covers both the house and the owner’s personal property inside. People with high-value items may want to pay for more coverage, but that will increase their premium prices.

In Arlington, a homeowners insurance policy with $250,000 in personal property limit costs around $1,081 per year, while policyholders might pay approximately $984 per year for a policy with $100,000 in personal property limit.

Based on MoneyGeek’s analysis, these companies offer the city’s most affordable homeowners insurance policies with high personal limits on average:

• Universal Property: $618 per year
• Travelers: $623 per year

In Arlington, a homeowner’s deductible can impact the price of their home insurance. Choosing a policy with a high deductible can lead to lower monthly premiums, but it also means larger out-of-pocket payments if you have to file a claim.

A homeowners insurance policy in Arlington with a $2,000 deductible is priced at approximately $870 per year, while a policy with a $1,000 deductible costs roughly $984 per year.

For folks who want high deductible policies, MoneyGeek’s study reveals the following have the lowest rates in Arlington, on average:

• Erie: $459 per year
• Universal Property: $497 per year

Insurance providers can use a person’s credit score to calculate the price of their homeowners insurance. Folks with poor credit can be classified as riskier to insure, driving their prices up.

On average, homeowners in Arlington with poor credit scores pay $1,700 per year for their homeowners insurance, while their counterparts with good scores pay approximately $984 per year.

On average, MoneyGeek’s analysis shows these carriers have the best rates for homeowners with poor credit in Arlington:

• Universal Property: $562 per year
• Chubb: $1,033 per year

In Arlington, home insurance providers will ask for a number of details before providing a quote online. They may ask for:

• Home replacement cost: This pertains to the cost of rebuilding your house, not its market value. Companies refer to this figure when determining dwelling coverage limits. A construction professional can estimate this cost.
• Personal property value: This refers to the value of the personal items inside the house. Insurers calculate personal property limits based on this figure.
• Personal information: Insurers will ask personal questions such as the homeowner’s address, insurance history and the number of people living in the house.
• Property information: When determining homeowners insurance rates, carriers need to know the house’s construction year, size and safety devices available.

MoneyGeek studied home insurance premiums across 11 homeowners insurance carriers in Arlington. The data we used was gathered in partnership with Quadrant, and the quotes we collected were for a home with varying coverage levels to calculate affordability scores.

As a base profile, we used a homeowner with a 2,500-square-foot home that was built in 2000 with dwelling coverage of $250,000, personal property coverage of $100,000, liability coverage of $100,000 and a deductible of $1,000. We also collected quotes for homeowners with newly constructed homes, increased dwelling or personal property coverage, higher deductibles and poor credit scores. All customer satisfaction ratings in our guide came from J.D. Power.