Insurance
West Virginia Home Insurance Calculator: Free Cost Estimator (2024)
Updated: November 10, 2024
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MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
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Rates updated:
Nov 20, 2024
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MoneyGeek’s research found that Erie offers the cheapest home insurance in West Virginia. We selected the most affordable homeowners insurance companies in West Virginia for different homeowner profiles.
We also found the top-rated home insurance providers in West Virginia based on their ability to balance cost and quality service. Ultimately, the best homeowners insurance company is based on your specific policy needs.
How to Estimate the Cost of Your Homeowners Insurance Policy in West Virginia
A homeowners insurance premium in West Virginia will look different for every homeowner. Your premium is influenced by factors such as your home’s location, age and value, as well as your credit history and deductible.
You can enter this information into MoneyGeek’s West Virginia homeowners insurance calculator to quickly get a customized estimated rate.
West Virginia
Your home’s location in West Virginia heavily impacts the cost of homeowners insurance. An area with a high prevalence of risks like crime or natural disasters can increase your premium. If you’re seen as riskier to insure, insurance companies tend to charge a more expensive rate.
Conversely, those who live in relatively low-risk areas pay a cheaper premium.
Dwelling Coverage
In West Virginia, the average amount of dwelling coverage is $100,000.
Dwelling coverage is the amount of money you need to cover repairs or the rebuilding costs if your home is destroyed. Consider your home’s age, size and construction materials to determine the sufficient amount of coverage.
You can also get help from your insurance company or a professional home appraiser.
Deductible
A deductible is the amount of money you pay with a claim. Those with a more expensive deductible pay a lower monthly premium.
Let’s say your home insurance deductible is $1,000 and a certain peril causes $3,000 of damages. If you file a claim, the insurance provider is responsible for paying $2,000 — you pay the $1,000 deductible first.
Liability
If a third party is hurt or their property is damaged due to your negligence, liability coverage protects against the resulting expenses. It includes legal fees, pain and suffering expenses, replacement costs, medical and death benefits.
Personal Property
Personal property covers your items that are inside and outside your home, including clothing, furniture and electronics. These articles are covered from risks like damage or theft.
Feel free to use MoneyGeek’s calculator to know how much coverage you need for your possessions.
Credit Score
Credit score plays a role in influencing home insurance rates.
Insurance providers consider individuals with poor credit as risky to insure because they may have a higher likelihood of filing a claim. On the other hand, those with good credit tend to pay a cheaper premium. To lower your rate, research ways to improve your credit standing.
Personal Property Coverage Calculator
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
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Average Cost of Home Insurance in West Virginia
Compared to other states, West Virginia sits in the middle when it comes to home insurance costs. Homeowners in West Virginia pay, on average, $2,018 yearly for a policy with $250K of dwelling coverage. That is nearly 17% cheaper than the national average.
MoneyGeek breaks down the cost of homeowners insurance in West Virginia based on dwelling coverage in the table below to show you how costs change if you get more or less coverage.
Average Annual Premium in West Virginia for Homeowners Insurance
| $100,000 | $1,811 |
| $250,000 | $2,018 |
| $500,000 | $5,749 |
| $750,000 | $8,423 |
| $1,000,000 | $11,086 |
| $2,000,000 | $21,650 |
| $3,000,000 | $32,028 |
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Dwelling coverage is the amount you need to cover repairs or rebuilding costs in case your home is completely damaged. The right amount for you depends on your home’s size, features, age and more.
Choosing too much or too little dwelling coverage can greatly cost you in the long run. Consider talking to an appraiser, your insurance provider or a real estate agent if you want professional advice. This way, you have a dwelling coverage amount in mind before you even purchase a policy.
Average Cost of Home Insurance in West Virginia Cities
Home insurance premiums vary per state, and also by city within a state. The cost of homeowners insurance in West Virginia will depend on the city in which you live. In the table below, you can get a ballpark figure of how much home insurance might cost in certain West Virginia cities.
Average Annual Premium in West Virginia Cities for Homeowners Insurance
| Charleston | $1,811 | $2,018 |
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If it’s within your budget, MoneyGeek recommends purchasing a home insurance policy from Allstate. We selected this provider as the best nationwide based on its ability to balance customer service and cost — policyholders can expect to get a great deal at a reasonable price with great service.
Keep in mind that Allstate may not fit everyone’s needs. We compiled a list of the best home insurance companies for various profiles and needs to help with your decision-making.
Frequently Asked Questions About Home Insurance in West Virginia
Homeowners insurance shopping comes with questions. MoneyGeek answered commonly asked questions to help you grasp key information about West Virginia homeowners insurance.
How much does homeowners insurance cost in West Virginia?
The average cost of homeowners insurance in West Virginia is $2,018 yearly for $250K in dwelling coverage. West Virginia rates are around 17% cheaper than the national average. It also falls in the middle in terms of affordability in comparison to other states.
How do I know how much dwelling coverage to get?
In West Virginia, the baseline dwelling coverage is $100K. However, this might be insufficient — or more than what you need. It’s best to consider the cost of rebuilding your home, accounting for factors like the home’s materials and labor costs. You can also contact a professional, such as an appraiser, to get an accurate amount.
Insurance
Methodology
To determine the average cost of homeowners insurance in West Virginia, MoneyGeek sourced pricing data from Quadrant Information Services.
MoneyGeek chose a standard home profile to provide the most reliable and relevant data for developing a thorough analysis of homeowners insurance. This standard home profile consists of the following attributes:
- Construction year: 2000
- Construction type: Frame
- Composition roof
- Three-mile radius from a fire department
- Assumed value of other structures on the property: 10% of the dwelling coverage
- Personal property coverage: 40% of the dwelling coverage
- Liability limit: $100,000
- Deductible: $1,000
About Mark Fitzpatrick
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.