Updated: September 15, 2026
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Main Street America offers the cheapest homeowners insurance in Virginia, with average rates of $1,030 per year.
Main Street America, State Farm, Chubb, Auto-Owners and Farmers offer rates 27% to 62% below Virginia's $2,676 average.
Bundle your home and auto insurance policies to save 10% to 25% on premiums — one of the biggest discounts Virginia insurers offer.
Main Street America is the cheapest home insurance company in Virginia at $1,030 per year. State Farm ranks second at $1,551 annually and covers all Virginia residents. The five most affordable insurers save homeowners between $722 and $1,646 compared to the state average.
| Main Street America Insurance | $86 | $1,030 | -62% |
| State Farm | $129 | $1,551 | -42% |
| Chubb | $138 | $1,660 | -38% |
| Auto-Owners Insurance | $162 | $1,939 | -28% |
| Farmers | $163 | $1,953 | -27% |
*The rates above are for homeowners ages 41 to 60 with good credit and no claims history. Quotes are for a home built in 2000 insured for $250,000 in dwelling coverage, $125,000 in personal property coverage and $200,000 in liability coverage with a $1,000 deductible.
Main Street America has Virginia's lowest rates in our cost research, across every category we checked. Older homes, senior-owned homes and homes in high-risk fire zones all get the same result: Main Street America beats competitors on price.
| Older Homes | Main Street America Insurance | $1,047 |
| Newer Homes | Main Street America Insurance | $702 |
| Young Homeowners | Main Street America Insurance | $1,031 |
| Senior Homeowners | Main Street America Insurance | $1,026 |
| High-Risk Fire Homes | Main Street America Insurance | $1,154 |
| Smaller Homes | Main Street America Insurance | $1,180 |
| Larger Homes | Main Street America Insurance | $1,306 |
The cheapest company may not be your best fit. Customer service quality, coverage options and claims handling matter beyond price. Our guide to the best home insurance companies in Virginia compares insurers across these factors.
Risk factors differ by location, so insurers price policies differently across Virginia. Main Street America Insurance offers the lowest rates in cities like Alexandria and Arlington, while State Farm provides more affordable coverage in Virginia Beach.
| Alexandria | Main Street America Insurance | $572 |
| Arlington | Main Street America Insurance | $589 |
| Chatham | Main Street America Insurance | $737 |
| Chesapeake | Main Street America Insurance | $1,168 |
| Edinburg | Main Street America Insurance | $579 |
| Fairfax | Main Street America Insurance | $560 |
| Hampton | Main Street America Insurance | $1,395 |
| Newport News | Main Street America Insurance | $1,117 |
| Norfolk | Main Street America Insurance | $1,300 |
| Richmond | Main Street America Insurance | $755 |
| Virginia Beach | State Farm | $1,542 |
Your coverage needs determine which insurer offers the best rate. Chubb provides the lowest premiums for basic coverage at $710 annually, while Main Street America delivers the most affordable rates for mid-range and high-value homes. State Farm is the cheapest provider when you need $1 million dwelling coverage with higher liability limits.
| Chubb | $59 | $710 |
| State Farm | $71 | $853 |
| Main Street America Insurance | $71 | $855 |
| Farmers | $94 | $1,125 |
| Auto-Owners Insurance | $101 | $1,211 |
Virginia homeowners can cut their insurance costs by hundreds of dollars annually through discounts, higher deductibles and smart home improvements.
Combine your home and auto insurance under one insurer for 10% to 25% off both policies. Virginia homeowners can get this discount through State Farm, Allstate or Progressive.
A higher deductible cuts your annual premium. Set it at a level you can pay out of pocket, since that's the amount due if you file a claim.
Insurers in Virginia can price your home insurance using a credit-based insurance score. Raise that score, and you can cut hundreds of dollars off your annual premium.
Multiple claims within three years push your rate up. Pay for small repairs yourself, and save your policy for the losses you can't cover on your own.
Ask your insurer directly what discounts apply beyond bundling; not all are advertised. Revisit your policy each year, since new discounts open up as your situation changes.
Frequently asked questions about the cheapest home insurance in Virginia:
Yes, standard homeowners insurance in Virginia covers tornado damage to your home and belongings. Check your policy for any exclusions or special requirements, especially if you're in a higher-risk area. Virginia has moderate tornado risk overall.
Virginia doesn't require flood insurance statewide. Your mortgage lender may require it if your home sits in a FEMA high-risk flood zone. Worth buying even when optional; homeowners insurance excludes flood damage, leaving you to cover repair costs yourself.
Replacement cost coverage pays to rebuild or replace your home at current prices. Actual cash value subtracts depreciation based on your home's age and condition, paying you less. Virginia lenders typically require replacement cost coverage.
You can cancel Virginia home insurance by notifying your insurer in writing. Some insurers charge cancellation fees but refund the unused premium. Check your mortgage requirements first; lenders require proof of continuous coverage.
Our rate analysis covers what most Virginia homeowners need: standard coverage for a typical single-family home built within the past 25 years.
We priced the same homeowner profile across major Virginia insurers. Holding every variable constant except the insurer isolates what each company actually charges for identical coverage. This base profile matches Virginia's most common home insurance scenario.
Standard Coverage Profile:
Older homes, high-value properties and rural locations get their own scenarios: we adjust one variable at a time from this base profile and hold everything else constant. The resulting rate difference shows exactly what that one characteristic costs you.
These figures are estimates based on statewide averages. Your actual premium depends on your home's location, age, construction type and your claims history. Compare quotes from at least three insurers to find your lowest rate.
Mark Fitzpatrick is a licensed Property and Casualty (P&C) Insurance Producer in Connecticut and MoneyGeek's resident expert in insurance and economics. In nearly a decade covering the insurance market at LendingTree and MoneyGeek, he's analyzed hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.
His work has appeared in The Washington Post, The New York Times and NPR. He draws on independent cost and consumer experience data, and no insurance company partnerships affect his recommendations.
Mark studied at Boston College and later earned a master's in economics and international relations from Johns Hopkins University. He worked in financial risk management at State Street before joining MoneyGeek. He's also a five-time “Jeopardy!” champion.
