Cheapest Homeowners Insurance in West Virginia (2024 Rates)

In West Virginia, homeowners have a range of cost-effective insurance options. While AAA stands out as the cheapest overall provider and the most affordable for homeowners with a recent claims history, Westfield Insurance offers budget-friendly rates for high-value homes. ASI is the most affordable choice for prospective policyholders with newly built homes or low credit scores. Meanwhile, State Farm provides the best premiums for home and auto insurance bundles.

In West Virginia, AAA offers the cheapest overall home insurance for $100K dwelling coverage at an average of $662 per year. However, insurance premiums may vary according to your dwelling coverage limit and other factors.

Here are the most affordable overall providers in West Virginia by dwelling coverage:

• Cheapest for $100,000: AAA at $662 per year
• Cheapest for $250,000: Westfield Insurance at $1,316 per year
• Cheapest for $500,000: Westfield Insurance at $1,686 per year

Compare prices for cheap home insurance on MoneyGeek's table to see the variations in pricing different coverage limits and construction years.

It's advisable to compare rates from several insurers to find the most affordable home insurance in West Virginia. MoneyGeek's home insurance calculator lets you quickly access West Virginia quotes without initial personal information.

If you have a high-value home in West Virginia, Westfield Insurance offers the lowest average premium at $2,011 per year for $750K in dwelling coverage. Typically, high-value homes require more dwelling coverage as they are more expensive to rebuild, so it follows that these policies are more expensive.

Westfield Insurance offers the cheapest premiums for higher dwelling coverage limits in West Virginia:

• Cheapest for $750,000: Westfield Insurance at $2,011 per year
• Cheapest for $1,000,000: Westfield Insurance at $2,324 per year

To avoid under or over-insuring, set your dwelling coverage limit based on the cost to rebuild your home rather than its property value. Compare prices by higher dwelling coverage limits in our table below to find your best provider.

The most affordable home insurance company in West Virginia for new homes with $100K dwelling coverage is ASI, offering an average annual premium of $428. Insuring newer homes is generally less costly due to modern construction methods boosting resilience, thus lowering risk and subsequent insurance costs.

Check the cheapest options for new homes in West Virginia:

• Cheapest for $100,000: ASI at $428 per year
• Cheapest for $250,000: ASI at $730 per year
• Cheapest for $500,000: Westfield Insurance at $1,187 per year

For a detailed comparison of how costs change with changes in dwelling coverage for newly constructed homes, consult the table below.

In West Virginia, ASI offers the most affordable home insurance for homeowners with a low credit score seeking $100K in dwelling coverage. Your credit score affects premiums because it reflects your risk of defaulting on insurer payments.

The cheapest providers for homeowners with poor credit histories include the following:

• Cheapest for $100,000: ASI at $1,741 per year
• Cheapest for $250,000 Westfield Insurance at $3,084 per year
• Cheapest for $500,000 Westfield Insurance at $3,952 per year

The impact of a poor credit score is apparent when comparing average home insurance costs. For $100K in dwelling coverage, the average cost for homeowners with poor credit is significantly higher at $2,396 per year, compared to those with good credit at $980 per year. Take a look at MoneyGeek's table to see how rates change depending on your credit score.

For residents of West Virginia with one claim in the past five years, AAA is the cheapest home insurance provider, offering an average annual premium of $1,111 for $100K dwelling coverage. Note that having a claims history will likely result in higher premiums since insurers believe you're more likely to file a claim in the future.

Take a closer look at other affordable coverage options for policyholders with a recent claim history:

• Cheapest for $100,000: AAA at $1,111 per year
• Cheapest for $250,000: Westfield Insurance at $1,390 per year
• Cheapest for $500,000: Westfield Insurance at $1,781 per year

Your number of recent home insurance claims impacts your premiums. Homeowners with two claims pay an average of $561 more than those with a clean record. This emphasizes the financial benefit of minimizing claims to keep your insurance premium low in West Virginia.

Your home's construction and roofing materials directly influence the cost of your home insurance policy. In West Virginia, the most affordable home insurance premium for a frame-construction house with a shake-treated roof is from AAA at an average annual cost of $761. This relatively high cost is due to the inferior materials used and their susceptibility to damage.

These are the cheapest companies available in West Virginia for homes with this type of construction:

• Cheapest for $100,000: AAA at $761 per year
• Cheapest for $250,000: Westfield Insurance at $1,319 per year
• Cheapest for $500,000: Westfield Insurance at $1,690 per year

Investing in better materials can significantly affect your rates. For instance, $100K in dwelling coverage for a frame-type home with a shake-treated roof costs an average of $1,042. For the same policy, a superior-constructed home with a tile roof costs an average of $953 annually — $89 less than a home with inferior construction.

Changing your deductible can save you hundreds annually. In West Virginia, AAA is the least expensive home insurance provider for a $2000 deductible at an average of $596 per year, compared to $710 for a $500 deductible.

Take a look at how rates change with AAA, the cheapest provider for $100K in dwelling coverage with varying deductible amounts:

• $2000 deductible: AAA at $596 per year
• $1500 deductible: AAA at $623 per year
• $1000 deductible: AAA at $662 per year
• $500 deductible: AAA at $710 per year

Remember, the deductible denotes your out-of-pocket cost before your policy kicks in. In West Virginia, the average annual cost difference between a $500 and $2000 deductible is $147. Consider what kind of deductible best suits your financial needs, and explore the table below to learn more.

West Virginia's most affordable home and auto bundle policy is from State Farm, with an average annual premium of $2,024. By bundling home and auto insurance together, you have the potential to score major discounts.

Here are the most affordable insurers for bundle plans in West Virginia:

• State Farm at $2,024 per year
• Nationwide at $2,089 per year

Beyond financial savings, bundling is also about convenience. Managing home and auto policies with one insurer makes the process more efficient and provides a single point of contact. Learn more about how this could streamline your insurance management with the best West Virginia insurance bundle.