Best Homeowners Insurance in Virginia (2024)

fact checked icon

Updated: November 5, 2024

Advertising & Editorial Disclosure

Chubb is as the top home insurance company in Virginia, balancing cost and quality service. If you’re specifically seeking a wallet-friendly option, Chubb is also the most affordable in the state. It also shines for homeowners with high-value properties requiring extensive dwelling coverage.

Unless specified, quotes were based on a $100,000 dwelling coverage limit. The amount of dwelling coverage you need influences your premium. We also looked for the cheapest home insurance in Virginia, ideal if you're prioritizing cost above service quality.

MoneyGeek Logo IconBest HomeInsuranceVirginia
2024
Best Overall in Virginia - Chubb
Best Customer Service - Chubb
Best Cheap - Chubb
Best for Expensive Homes - Chubb
Best for New Homes - Auto-Owners Insurance
Best for Veterans - Chubb

Why Trust MoneyGeek? To pinpoint the premier homeowners insurance offerings in Virginia, we've scrutinized figures from the Virginia State Corporation Commission and Quadrant Information Services.

recency icon

Home insurance rates in Virginia represent the latest quotes as of July 2024.

1,900,800Quotes Analyzed
 
8Companies Compared
 
20ZIP Codes

Overall Best Homeowners Insurance in Virginia

Chubb offers the best home insurance in Virginia.

  • Chubb: MoneyGeek score of 99 out of 100 ($638 per year)
  • Auto-Owners: MoneyGeek score of 94 out of 100 ($877 per year)

In Virginia, homeowners can avail themselves of companies that offer diverse costs and service qualities. Weigh both premium rates and service excellence to find the coverage that best fits your needs.

Company logo for Chubb
Best OverallChubb
MoneyGeek Score:
99/ of 100
Overview

Chubb leads Virginia's home insurance market with top rankings in customer satisfaction. Its average annual premium is $638. Chubb distinguishes itself with the cash settlement option, providing homeowners a cash payout in the event of a covered total loss, allowing for flexibility in the recovery process. Its risk consulting service also complimentary, personalized risk assessment, aiding homeowners in identifying and mitigating potential risks to their property, enhancing overall protection.

Best Homeowners Insurance in Virginia for Customer Service

Chubb is the leader in home insurance service quality in Virginia.

  • Chubb: MoneyGeek score of 96 out of 100 ($638 per year)
  • Auto-Owners Insurance: MoneyGeek score of 93 out of 100 ($877 per year)

Valuing service quality when choosing a home insurance provider ensures a stress-free experience, especially during trying times. Homeowners who prioritize good service can expect prompt support after, for example, a storm damages their property.

Company logo for Chubb
Best for ServiceChubb
MoneyGeek Score:
96/ of 100
Overview

Chubb tops the list in Virginia with a perfect customer satisfaction score, emphasizing its commitment to exceptional service. Homeowners can expect an average annual premium of $638.

Notable among Chubb’s coverages is guaranteed replacement cost, ensuring homeowners can rebuild their home as it was before a loss, even if the costs exceed the policy limit. Equally beneficial is its building ordinance or law coverage, which covers the extra expense of bringing your property up to current building codes during repairs.

Best Cheap Homeowners Insurance in Virginia

In Virginia, Chubb presents the best blend of value and security for budget-conscious homeowners.

  • Chubb: MoneyGeek score of 99 out of 100 ($638 per year)
  • State Farm: MoneyGeek score of 95 out of 100 ($621 per year)

Although Chubb earned a perfect affordability score, the cheapest premiums don’t always equate to the top-tier service. Balance affordable premiums with exceptional service. For example, when a storm damages your roof, a provider who promptly addresses your claim can be invaluable. Review the average cost of home insurance in Virginia to make an informed decision.

Company logo for Chubb
Best CheapChubb
MoneyGeek Score:
99/ of 100
Overview

Chubb has an average annual premium of $638. It also offers a variety of discounts to help homeowners save even more, including protective device and bundle, encouraging both security and multi-policy loyalty. The protective device option lowers costs for homes with security systems, while the bundle reduces rates when combining home insurance with other insurance types.

Best Homeowners Insurance in Virginia for Expensive Homes

Chubb stands out as the premier home insurance provider in Virginia for those with high-value homes. These insurers lead the pack, with compelling offerings for homeowners requiring $1 million in dwelling coverage.

  • Chubb: MoneyGeek score of 93 out of 100 ($5,238 per year)
  • Auto-Owners: MoneyGeek score of 90 out of 100 ($5,408 per year)

High-value homes necessitate more comprehensive coverage, influencing the expense of insurance. Thus, finding an insurer that delivers an optimal mix of price and coverage quality is important for homeowners.

Company logo for Chubb
Best for Expensive HomesChubb
MoneyGeek Score:
93/ of 100
Overview

Chubb is the premier home insurance provider for high-value homes in Virginia, with a high affordability score and an average annual premium of $5,238. Homeowners can take advantage of discounts, such as a protective device discount, to reduce premiums, particularly beneficial for expensive homes requiring more extensive coverage.

Chubb also provides guaranteed replacement cost coverage, securing full repairs or rebuilding after a covered loss without depreciation concerns. Furthermore, it offers building ordinance or law coverage, addressing costs when local building codes necessitate updated construction standards.

Best Homeowners Insurance in Virginia for New Homes

Auto-Owners stands out as the best choice for new home insurance in Virginia.

  • Auto-Owners: MoneyGeek score of 93 out of 100 ($1,576 per year)
  • Chubb: MoneyGeek score of 84 out of 100 ($2,028 per year)

Auto-Owners shines with high affordability and service scores, delivering to homeowners an excellent mix of cost efficiency and reliable service.

Company logo for Auto-Owners Insurance
Best for New HomesAuto-Owners Insurance
MoneyGeek Score:
93/ of 100
Overview

Auto-Owners has an average annual premium of $1,576. Its equipment breakdown coverage protects homeowners against sudden and unforeseen mechanical or electrical breakdowns.

With Auto-Owners, homeowners benefit from less common discounts like paperless billing, which rewards going digital with premium reductions. The responsible payment discount offers savings for maintaining a record of timely payments. These incentives make insurance more accessible and rewarding for diligent homeowners.

Best Homeowners Insurance in Virginia for Veterans

Chubb is the best home insurance provider for veterans and military members in Virginia. With an annual premium of $638, it offers competitive rates.

  • Chubb: MoneyGeek score of 99 out of 100 ($638 per year)
  • Auto-Owners: MoneyGeek score of 94 out of 100 ($877 per year)

Choosing the right homeowners insurance is important because the best company for veterans grasps their unique circumstances, like frequent moves and deployments, ensuring homes and possessions are covered at all times.

Company logo for Chubb
Best for VeteransChubb
MoneyGeek Score:
99/ of 100
Overview

Chubb is the best home insurance provider for veterans in Virginia with high affordability and claims handling scores, with an average annual premium of $638. Among its coverage options, guaranteed replacement cost allows homeowners to rebuild their home as it was before a covered loss, without worrying about inflated construction costs.

Chubb also offers valuable discounts, including a new home discount for houses that are recently constructed, rewarding veterans who settle into new homes. Another notable offer is the home renovation discount, benefitting those who update their home systems, which many veterans might do when adapting a home for accessibility post-service.

How to Find the Best Homeowners Insurance in Virginia for You

The search for the best homeowners insurance involves locating providers that deliver an optimal blend of exceptional customer service, comprehensive coverage and budget-friendly premiums. The most suitable homeowners insurance varies depending on your individual requirements. In the following steps, we'll guide you through the process to ensure you find the ideal coverage that protects your home and fits your financial plan.

1
Assess Your Insurance Needs

Determine precisely what your property requires in terms of protection. Consider factors such as location, property value and personal assets to evaluate the type and extent of coverage necessary. A thorough assessment will guide you in the right direction. Familiarize yourself with how much home insurance coverage you need to initiate this crucial step.

2
Research Various Providers

Investigate various insurance companies to pinpoint those with stellar reputations and robust financial health. Delve into customer reviews, gauge the company’s track record for claim settlement and check their ratings from accredited institutions.

3
Compare Coverage and Costs

Gather quotes from multiple insurers to contrast their offerings. Pay close attention to the costs, but also the extent and exclusions of coverage provided. Utilizing a resource to compare home insurance quotes can simplify this comparison process.

4
Understand the Policy Details

Dive deep into the fine print of each prospective policy. Grasp the nuances between actual cash value versus replacement cost coverages, and understand all deductibles and policy limits.

5
Consult with an Independent Agent

Engage with an independent insurance agent for a personalized touch. They possess the expertise to match your needs with the appropriate policy and can provide unbiased advice because they are not tethered to a single insurance provider.

mglogo icon
DOES HOME INSURANCE COVER FLOOD DAMAGE IN VIRGINIA?

Homeowners in Virginia are not legally required to have flood insurance. However, considering the potential for floods, it’s smart to secure flood insurance in Virginia for financial protection.

FAQ: Homeowners Insurance in Virginia

Choosing the best homeowners insurance provider in Virginia hinges on aligning offerings with your individual needs. With the landscape of options available, it's natural to have questions. We address the most common questions to help guide you in your search for the right insurance coverage.

Which insurance company is best for home insurance in Virginia?
Who has the most affordable homeowners insurance in Virginia?

About Mark Fitzpatrick

Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.

Read Full Bio »
Insurance
Mortgage
Credit Cards
Loans
About MoneyGeekPressPrivacy PolicySitemap
Copyright © 2024 MoneyGeek.com. All Rights Reserved Terms of Use