Updated: November 4, 2025
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The average cost of homeowners insurance in Virginia in 2024 is $1,840, $583 less than the national average of $2,423. Aside from the amount of coverage you get, credit rating has the largest impact on premiums in Virginia, with premiums varying up to $9,010 based on creditworthiness.
If your rates have recently increased, our analysis of the cheapest plans in Virginia may help you find more affordable options. The insurance provider you choose affects your premium.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — It's free to use, requires no personal information and we won't send you any spam.
Rates updated:
Nov 04, 2025
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Table of Contents
To establish the average cost of homeowners insurance in Virginia, MoneyGeek used quotes from various providers for a profile that reflects the average homeowner.
These rates reflect the average cost of car insurance in Virginia as of 2024.
In Virginia, the average homeowners insurance premium is $1,840 for policies with $250K in dwelling coverage, $125K in personal property coverage and $200K in liability coverage. This rate is below the national average of $2,423.
Choose the right amount of coverage to rebuild your home and replace your belongings. Virginia policies with $100K in dwelling coverage average $1,112 annually. Larger homes needing $500K in dwelling coverage pay $3,114 annually.
| $100K Dwelling / $50K Personal Property / $100K Liability | $1,112 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $1,840 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $3,114 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $4,593 |
Virginia homeowners insurance premiums vary widely between providers for identical coverage. Travelers charges nearly seven times more than Main Street America Insurance for the same protection.
Virginia offers plenty of competitive providers. Underwriting differences create dramatic premium swings between insurers.
| Main Street America Insurance | $741 |
| State Farm | $1,201 |
| Chubb | $1,359 |
| Auto-Owners Insurance | $1,423 |
| Allstate | $1,484 |
| Farmers | $1,644 |
| Nationwide | $1,803 |
| Travelers | $5,063 |
Homeowners in Virginia with poor credit pay an average annual premium of $10,088 for homeowners insurance, which is $8,248 more than the state average of $1,840. By contrast, those with excellent credit enjoy significantly lower rates, averaging $1,078 annually, saving them $762 compared to the average premium.
While you may not be able to improve your credit score immediately, you can enhance it over time to reduce your rates. In the short term, you can compare insurers to see which will save you the most.
| Poor | $10,088 |
| Below Fair | $4,764 |
| Fair | $2,861 |
| Good | $1,840 |
| Excellent | $1,078 |
Roofing type influences homeowners insurance premiums, reflecting the material's resilience. In Virginia, homes with tile roofs, known for durability, may see lower average premiums, while those with shake-treated roofs could pay higher costs.
Construction materials affect insurance rates, with more robust materials leading to savings. Superior construction methods, offering greater resistance to perils, result in more favorable insurance premiums compared with standard frame construction in Virginia.
The drop-downs in the table show how premiums change based on your home's materials:
| $100K Dwelling / $50K Personal Property / $100K Liability | $1,112 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $1,840 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $3,114 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $4,593 |
| $1M Dwelling / $500K Personal Property / $1M Liability | $6,183 |
New construction homes in Virginia cost less to insure than older homes, because modern materials and current building codes drive lower premiums. New homes average $983 annually, $857 less than the $1,840 average for homes built around 2000. The table compares premiums for new versus existing construction at different coverage levels.
| Existing Construction (2000) | $1,840 |
| New Construction (2023) | $983 |
Virginia homeowners with five-plus years claim-free pay $1,840 annually. File one claim in the past five years and your premium jumps to $2,239. Two claims push it to $2,498 ($399 and $658 more than claim-free rates).
| Claim free for 5+ years | $1,840 |
| 1 claim in past 5 years | $2,239 |
| 2 claims in past 5 years | $2,498 |
Tornadoes and riverine flooding pose the biggest risks to Virginia homeowners. Standard homeowners insurance covers tornado damage under windstorm protection. Homeowners insurance also covers hurricanes, Virginia's third-costliest disaster. Riverine flooding from hurricanes isn't covered, so you need separate flood insurance.
For the cities we analyzed, we found annual premiums ranging from $1,296 to $2,798. In Alexandria, homeowners might pay around $1,296, whereas Virginia Beach residents could see rates as high as $2,798 per year.
Location impacts insurance costs due to factors like crime rates and weather risks. City-based pricing variations are significant but influenced by other factors like coverage amount and home features.
| Alexandria | $1,296 |
| Arlington | $1,318 |
| Chesapeake | $2,216 |
| Hampton | $2,305 |
| Newport News | $2,149 |
| Norfolk | $2,328 |
| Richmond | $1,530 |
| Virginia Beach | $2,798 |
Finding Virginia homeowners insurance takes six steps:
Ask about bundle and claims-free discounts.
Research insurer complaint ratios and financial strength.
Pick a deductible you can afford to pay out of pocket.
Buy your policy and confirm coverage starts immediately.
Bundle your home and auto insurance in Virginia and save 13% on average. Minimum savings: $183 annually. Maximum savings: $403 per year. Bundling consolidates policies and unlocks discounts.
Virginia homeowners qualify for multiple discounts:
Ask about all available discounts when you request quotes.
The cheapest insurer in Virginia is Main Street America Insurance, with premiums as low as $741 per year. More options are available with cheap national providers.
Homeowners insurance typically covers tornado damage.
Credit rating is the biggest factor, with a difference of $9,010 between the highest and lowest premiums based on credit.
On average, bundling your home and auto insurance can save up to $403 per year.
For those interested in learning more about homeowners insurance in Virginia, the following resources provide valuable information and tools:
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like 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.
