besthome insuranceArlingtonThe Best Cheap Homeowners Insurance in Arlington, Virginia for 2024: Quotes and Reviews
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besthome insuranceArlingtonThe Cheapest and Best Homeowners Insurance in Arlington
Cheapest homeowners insurance in Arlington - Universal Property
The Cheapest Home Insurance Companies in Arlington
Insurance companies in Arlington generally offer the same core coverages. Since rates change depending on your preferred carrier, a policy’s cost is a key factor to consider when choosing a company.
MoneyGeek’s research shows these companies offer the cheapest homeowners insurance in Arlington, on average, with $250,000 in dwelling coverage:
- Universal Property: $562 per year
- Erie: $569 per year
Meanwhile, the most affordable providers of homeowners insurance for expensive houses that need $2 million in dwelling coverage on average are:
- Universal Property: $3,229 per year
- Erie: $4,248 per year
The table below shows how homeowners insurance prices can change based on the homeowner’s dwelling coverage limit.
The Cheapest Home Insurance in Arlington, Ranked
Dwelling Coverage:
$250,000
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In this guide, all quoted policies that come with a baseline dwelling coverage of $250,000 have personal property limit coverage of $100,000, while policies with $2 million dwelling coverage have personal property limit coverage of $800,000. Additionally, all policies in this analysis have $100,000 in liability coverage.
Residents of other cities in the state can use MoneyGeek’s analysis of home insurance in Virginia to find the best available policies.
The Average Cost of Homeowners Insurance in Arlington for 2022
Arlington$984
Virginia$2,058
U.S.$2,103
The average cost of homeowners insurance in Arlington is $984 per year. This is lower than the state average of $2,058 per year and the national average of $2,103 per year.
Calculate the Cost of Home Insurance in Arlington
A person’s location affects their homeowners insurance rates. However, factors such as their credit score, preferred dwelling coverage limit and chosen personal property coverage limit also impact the cost of their premiums. MoneyGeek’s calculator can be used to compare homeowners insurance quotes in Virginia.
Home Insurance Calculator
State
Virginia
Dwelling Coverage
$250,000
Deductible
$500
Liability
$300,000
Personal Property
$50,000
Credit Score
Excellent
low end
on average
high end
These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in Arlington
MoneyGeek recommends that homeowners looking for insurance in Arlington consider other factors beyond a policy’s price. It’s a good idea to review the carrier’s customer service record and financial stability. Insurance claims are usually made during stressful times, and it’s ideal to work with a company that will process claims quickly and fairly.
MoneyGeek studied Arlington’s home insurance providers and scored them based on their affordability, user satisfaction and financial stability. We found the best homeowners insurance providers in the city are:
- Best Overall: Erie
- Runner-up: Travelers
1
Erie
Score:94
In Arlington, Erie ranks second for affordability, with policies priced around $569 per year. They also rank fourth for customer satisfaction and are tied second for financial stability. They allow policyholders to add service line coverage.
More About Erie
Erie offers service line coverage as an add-on. It’s a rare coverage that pays for damages to underground service and utility lines that are within your house and nearby curb. They also offer discounts to policyholders that get a home insurance quote seven to 60 days before their policy renews. Most companies don’t offer that.
2
Travelers
Score:93
Travelers ranks third in affordability in Arlington since their policies cost approximately $590 per year. They’re also tied first for financial stability, but they rank eighth for customer service. Travelers has energy efficiency upgrade coverage as an add-on.
More About Travelers
Travelers allows their policyholders to add energy efficiency upgrade coverage, which is a unique add-on. In case of a covered loss, this pays for the cost of repairing, replacing or rebuilding your house with green materials. Unlike most carriers, they also give discounts to homeowners who bought their homes within 12 months of the policy’s start date.
Cheapest Home Insurance Companies in Arlington for Newly Constructed Homes
People with newly constructed homes in Arlington pay less for their homeowners insurance compared to someone with an older home. Houses built with modern materials are less likely to be damaged, so their owners are less likely to file a claim. If they do file a claim, newer materials are more affordable to replace.
The average cost of homeowners insurance in Arlington is $752 per year for newly constructed homes. Meanwhile, insuring houses built in 2000 costs approximately $984 per year.
On average, MoneyGeek’s research found that the cheapest homeowners insurance for people insuring new houses comes from:
- Travelers: $413 per year
- Universal Property: $430 per year
The Cheapest Home Insurance in Arlington for New Homes, Ranked
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Cheapest Home Insurance Companies in Arlington if You Have a Lot of Personal Property
A homeowners insurance policy covers both the house and the owner’s personal property inside. People with high-value items may want to pay for more coverage, but that will increase their premium prices.
In Arlington, a homeowners insurance policy with $250,000 in personal property limit costs around $1,081 per year, while policyholders might pay approximately $984 per year for a policy with $100,000 in personal property limit.
Based on MoneyGeek’s analysis, these companies offer the city’s most affordable homeowners insurance policies with high personal limits on average:
- Universal Property: $618 per year
- Travelers: $623 per year
Cheap Companies in Arlington for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in Arlington for High Deductibles
In Arlington, a homeowner’s deductible can impact the price of their home insurance. Choosing a policy with a high deductible can lead to lower monthly premiums, but it also means larger out-of-pocket payments if you have to file a claim.
A homeowners insurance policy in Arlington with a $2,000 deductible is priced at approximately $870 per year, while a policy with a $1,000 deductible costs roughly $984 per year.
For folks who want high deductible policies, MoneyGeek’s study reveals the following have the lowest rates in Arlington, on average:
- Erie: $459 per year
- Universal Property: $497 per year
The Cheapest Companies in Arlington for High Deductibles, Ranked
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Cheapest Home Insurance Companies in Arlington if You Have Poor Credit
Insurance providers can use a person’s credit score to calculate the price of their homeowners insurance. Folks with poor credit can be classified as riskier to insure, driving their prices up.
On average, homeowners in Arlington with poor credit scores pay $1,700 per year for their homeowners insurance, while their counterparts with good scores pay approximately $984 per year.
On average, MoneyGeek’s analysis shows these carriers have the best rates for homeowners with poor credit in Arlington:
- Universal Property: $562 per year
- Chubb: $1,033 per year
The Cheapest Companies in Arlington for Poor Credit, Ranked
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Getting Online Homeowners Insurance Quotes in Arlington
In Arlington, home insurance providers will ask for a number of details before providing a quote online. They may ask for:
- Home replacement cost: This pertains to the cost of rebuilding your house, not its market value. Companies refer to this figure when determining dwelling coverage limits. A construction professional can estimate this cost.
- Personal property value: This refers to the value of the personal items inside the house. Insurers calculate personal property limits based on this figure.
- Personal information: Insurers will ask personal questions such as the homeowner’s address, insurance history and the number of people living in the house.
- Property information: When determining homeowners insurance rates, carriers need to know the house’s construction year, size and safety devices available.
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Homeowners Insurance in Arlington Analysis: Methodology
MoneyGeek studied home insurance premiums across 11 homeowners insurance carriers in Arlington. The data we used was gathered in partnership with Quadrant, and the quotes we collected were for a home with varying coverage levels to calculate affordability scores.
As a base profile, we used a homeowner with a 2,500-square-foot home that was built in 2000 with dwelling coverage of $250,000, personal property coverage of $100,000, liability coverage of $100,000 and a deductible of $1,000. We also collected quotes for homeowners with newly constructed homes, increased dwelling or personal property coverage, higher deductibles and poor credit scores. All customer satisfaction ratings in our guide came from J.D. Power.
About Mark Fitzpatrick
