Average Costs and Cheapest Homeowners Insurance Companies in West Virginia

Your unique needs and situation determine the most affordable homeowners insurance in West Virginia for you. Generally, Erie offers the cheapest rates in the state.

However, Nationwide may be your most affordable option if you have poor credit.

To give you a head start on finding the best rates, MoneyGeek analyzed thousands of quotes from top insurers in West Virginia.

If you’re looking to balance affordability with a strong service experience, MoneyGeek also scored the best home insurance companies in West Virginia.

After analyzing thousands of quotes, MoneyGeek found the cheapest providers in West Virginia for different dwelling coverage levels. For homeowners looking for affordable home insurance at the $100,000 baseline dwelling coverage, Erie offers rates at an average of $686 per year.

For the general public, the cheapest home insurance companies by dwelling coverage in West Virginia are:

• Cheapest for $100,000 - Erie
• Cheapest for $250,000 - Erie
• Cheapest for $500,000 - Erie

USAA is the cheapest option for the $250,000 and $500,000 dwelling coverage levels but is only available for eligible military members and their families.

You can toggle the table below and determine which dwelling coverage best suits your needs and how different options will affect your costs. How much dwelling coverage you need depends on the replacement value of your home.

The cost of your home insurance in West Virginia can vary depending on the dwelling coverage you choose. For a baseline dwelling of $100,000, the average is $843 per year.

If your coverage level is higher, your finances are better protected against the cost of damages to your home, but you will have higher premiums.

The average premium for the $250,000 dwelling coverage is $1,486 per year and $2,603 annually for $500,000 in dwelling coverage. There is a difference of $1,760 between the lowest and highest options.

Your individual circumstances and area-related elements can impact your homeowners insurance price in West Virginia. Providers also consider other factors like your home’s age, roof quality, dwelling value, frequency of claims, deductibles and personal property to determine home insurance rates.

Depending on your needs, you can low at how the average costs for home insurance in West Virginia change by adjusting your dwelling coverage limits, deductible and other limits.

To find the cheapest provider in West Virginia for expensive homes, MoneyGeek averaged thousands of quotes.

For homeowners looking for a policy for expensive homes, the most affordable options are:

• Allstate: $9,138
• Erie: $9,893

USAA offers the most affordable policies at $6,176 per year. However, it’s available only to current and former military members and their families.

The rates of expensive homes can differ depending on the insurer and dwelling coverage. It’s advisable to shop around and compare quotes from several home insurance providers.

MoneyGeek researched the cheapest insurer in West Virginia for sample homes built in 2015 with $250,000 in dwelling coverage.

The most affordable options for newer homes are:

• Nationwide: $1,019 per year
• Erie: $1,021 per year

USAA offers the cheapest premiums at $827 per year for newer homes, but their plans are only available to eligible military members and their families.

Because newer homes have more affordable insurance rates, West Virginia homes built in 2015 are roughly $459 cheaper to insure than those built in 2000.

The numbers for homes built in 2000 differ from 2015 homes due to a different ZIP code collection process.

The average cost to insure a newer home in West Virginia is $1,067 annually. In contrast, it costs $1,526 per year to insure a home built in 2000. This is a $459 difference.

Older homes are more expensive to insure because they were made with materials that are more difficult to replace. They are also more prone to wear and tear over time. Home insurance providers consider older homes to be riskier since they’re more likely to need repairs.

MoneyGeek averaged thousands of quotes when examining the cheapest home insurance providers for homes with pools in West Virginia.

For West Virginia homeowners with pools, the cheapest companies for dwelling coverage of $250,000 are:

• Erie: $1,298 per year
• Nationwide: $1,448 per year

USAA offers the cheapest policies on average for homeowners with pools at $1,222. However, it’s excluded from MoneyGeek’s ranking since its coverage is only available for those with a military background.

Insurance companies consider pools an additional structure and a liability hazard. You’ll need additional coverage for repairs or possible pool-related accidents. Therefore, owning a pool raises your homeowners insurance rates.

The cost of your home insurance premium is affected by whether or not you own a pool. In West Virginia, a home with a dwelling coverage of $250,000 pays an average of $1,526 per year. Adding a pool will raise your rates to an average of $1,534 annually. However, costs can vary based on your home’s age, location and other factors.

MoneyGeek analyzed thousands of quotes to help West Virginia homeowners with poor credit find the cheapest provider.

The companies with the cheapest average premiums for homeowners with low credit scores in West Virginia and $100,000 in dwelling coverage are:

• Nationwide: $1,840 per year
• State Farm: $2,151 per year

If you have bad credit, your home insurance rates will increase since insurance providers consider those with poor credit to have a higher level of risk. Homeowners with poor credit are more likely to file a claim.

Your credit background is one of the factors that insurance providers consider when calculating your home insurance premiums. In general, individuals with poor credit scores pay higher rates than those with good credit scores.

For a person with good credit, the average cost of homeowners insurance in West Virginia is $1,526, while individuals with poor credit pay an average of $4,908 per year. That is a difference of $3,382.

Where you live in West Verginia will affect the cost of your homeowners insurance and which company is the cheapest option for you. MoneyGeek discovered that Erie is the cheapest home insurance company in Charleston at an average of $686 per year. This is $157 cheaper than the city’s average rates across all companies.

To get home insurance in West Virginia, you need to provide necessary details like your name, address, phone number and Social Security number. You might also need to inform your provider about the estimated worth of your house and possessions, as well as any installed extras like a pool. If you like to organize get-togethers, you might want to get liability coverage to protect you from any possible injury a guest may experience on your property. The insurance carrier will offer you a personalized quote based on your responses.

You can use MoneyGeek’s West Virginia home insurance calculator to get home insurance estimates anonymously. MoneyGeek compiled thousands of quotes to find the best rates for you.

MoneyGeek analyzed homeowners insurance premiums from five of the top insurance companies in West Virginia that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across West Virginia. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $100,000, liability coverage of $100,000 and personal property coverage of $100,000.