Virginia's home insurance costs about $178 monthly or $2,130 annually, making it the 25th most affordable state for home insurance.
Average Home Insurance Cost in Virginia
Updated: May 29, 2025
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Rates updated:
Jun 06, 2025
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Key Takeaways
Depending on your financial history, home details and other personal information, home insurance costs in Virginia can range from $974 to $27,687.
Virginia's home insurance premiums are the 25th most affordable in the country, at 45% over the national average.
To find the best home insurance in Virginia, determine your coverage needs, research providers and costs, and gather multiple quotes.
How Much Is Home Insurance in Virginia?
| Virginia Average | $178 | $2,130 | -19% |
| National Average | $220 | $2,635 | 0% |
*These rates represent a home built in 2000 out of frame with $250K Dwelling, $125K Personal Property, and $200K Liability coverage with a $1,000 deductible.
Average Home Insurance Cost by City
Depending on your city, various risk factors, including your property’s age, weather-related factors and home valuations, change drastically, affecting home insurance costs. For example, Alexandria's average monthly home insurance cost is around $132; in Virginia Beach, it’s much higher at $279.
| Alexandria | $132 | $1,590 |
| Arlington | $135 | $1,618 |
| Chesapeake | $227 | $2,726 |
| Hampton | $235 | $2,825 |
| Newport News | $219 | $2,632 |
| Norfolk | $239 | $2,868 |
| Richmond | $158 | $1,897 |
| Virginia Beach | $279 | $3,346 |
*These rates represent a home built in 2000 out of frame with $250K Dwelling, $125K Personal Property, and $200K Liability coverage with a $1,000 deductible.
Why Is Home Insurance so Expensive in Virginia?
Home insurance is expensive in Virginia mainly because of the increasing number of claims, the high risk of severe weather and natural disasters, rising material and labor costs and state insurance laws. Below, we explain each factor in detail:
Rising Claims
When homeowners frequently file insurance claims, insurers may increase premiums to compensate for the higher risk of payouts. More claims suggest a greater likelihood of future claims, leading to costlier home insurance policies.
High Weather Risks
Areas prone to severe weather, such as hurricanes or wildfires, face higher home insurance costs due to the increased risk of property damage. Insurers adjust rates to cover potential losses from these natural disasters.
Rising Material and Labor Costs
As the cost of building materials and labor rises, so does the cost to repair or rebuild homes. Insurance companies raise premiums to cover these higher expenses, ensuring adequate funds for future claims.
State Insurance Laws
State-specific insurance regulations can affect home insurance prices. Mandates on coverage types or minimum limits can lead to higher costs for insurers, which are often passed on to homeowners in the form of increased premiums.
What Affects Virginia Home Insurance Costs?
For most home insurance companies, pricing is largely influenced by several key factors:
- Location
- Coverage chosen
- Home build details
- Provider chosen
- Credit
- Claims history
We'll explore how each of these factors impacts rates specifically in Virginia, providing insight into what drives costs in Virginia.
How Much Does Location Affect Home Insurance Costs?
Location is the biggest factor affecting home insurance rates in Virginia, with rates varying by up to 50.8%. Weather risks, home value and population density in your area play a major role in determining costs.
| Lowest | Virginia State Remnant Tier Aggregate | $114 | $1,363 |
| Highest | Virginia Beach | $286 | $3,438 |
How Much Does Coverage Affect Home Insurance Costs?
Coverage choices are the second most influential factor in Virginia home insurance rates, averaging from $1,170 to $7,600 per year. Higher coverage limits and lower deductibles increase premiums, while lower limits and higher deductibles reduce costs. Understanding these factors can help residents make informed decisions about their home insurance expenses.
| Lowest | $100K Dwelling / $50K Personal Property / $100K Liability | 2000 | $98 | $1,170 |
| Highest | $1MM Dwelling / $500K Personal Property / $1MM Liability | 500 | $633 | $7,600 |
How Much Do Home Details Affect Home Insurance Costs?
Home details like age, construction materials and roof type are the third most influential factor in Virginia homeowners' insurance rates, averaging from $83 to $181 per month. These factors affect replacement costs and the risk of damage or theft.
| Lowest | New | Superior | Tile | $83 | $1,002 |
| Highest | Old | Frame | Shake-Treated | $181 | $2,173 |
How Much Does the Provider You Choose Affect Home Insurance Costs?
Your choice of insurer is the fourth most influential factor in Virginia home insurance rates, with prices ranging from 58% below to 188% above the state average. Choosing wisely can help you save money on your home insurance. Compare options to find the most affordable plan that fits your needs.
| Lowest | Main Street America Insurance | $75 | $899 |
| Highest | Travelers | $511 | $6,137 |
How Much Does Credit Affect Home Insurance Costs?
A higher credit score makes you appear more reliable, which can lower your home insurance costs. Premiums vary by up to 135%, with annual average rates ranging from $1,241 to $10,623.
| Lowest | Excellent | $103 | $1,241 |
| Highest | Poor | $885 | $10,623 |
How Much Does Claims History Affect Home Insurance Costs?
In Virginia, claims history has a smaller impact on homeowners insurance premiums than other factors, affecting rates by up to 16% or about $778 annually. Filing more claims increases perceived risk, leading to higher premiums.
| Lowest | Claim free for 5+ years | $178 | $2,130 |
| Highest | 2 claims in past 5 years | $242 | $2,909 |
Tips to Save on Virginia Home Insurance
High home insurance costs in Virginia make saving on premiums essential. Whether you're buying a home or cutting costs, explore options to get the best and cheapest home insurance in Virginia. Below are tips tailored to your needs to help you secure the best insurance deal.
- 1
Find How Much Coverage You Need Beforehand
Determining how much home insurance you need before buying allows you to frame how you search for coverage and avoid being oversold by agents. In addition to standard coverage options, consider if you need add-ons to protect any additional items you own. Determining how much home insurance you need and understanding standard coverage options can guide you.
- 2
Research Costs and Discounts Beforehand
Understanding the average costs for you and your home can help determine if you’re getting a good deal. Ask agents about all available home insurance discounts, as some insurers apply certain reductions only if requested. Check average costs for you to evaluate your options.
- 3
Compare Multiple Providers Through Different Avenues
By comparing multiple insurers apples to apples, you can find the best coverage for your needs. Use various methods, including online comparison sites, brokers, provider websites, and agents, as quotes vary significantly across these channels.
- 4
Consider Bundling Policies
Bundling policies can lead to significant savings. For example, combining home and auto insurance in Virginia can save up to xx% on home insurance and $xx annually on both policies. Explore the benefits of combining home and auto insurance.
- 5
Reduce Your Personal Risk Profile
To get cheaper premiums on your home, consider making improvements like adding storm shutters or home security systems. Improving your credit score can also reduce premiums drastically; for instance, moving from a fair to a good credit score can save you 28% on average.
- 6
See if You Are Eligible for State Programs
Some state programs help residents obtain affordable coverage if traditional insurers deny them. For instance, Virginia offers the TFPA policy, which provides essential coverage to meet mortgage requirements if you're denied by standard insurers.
Virginia Home Insurance Calculator: Bottom Line
Home insurance costs vary, mainly by location and coverage level. Find affordable rates easily, check your needs against average prices and use our estimate tool for the best deal.
Homeowners Calculator Insurance Virginia: FAQ
Home insurance in Virginia depends on factors like where you live. To help estimate your expenses, MoneyGeek answers common questions about car insurance in the state.
How much does homeowners insurance cost in Virginia?
Virginia's average monthly home insurance cost is $178 for a dwelling coverage of $250K. However, your rate will depend on factors like your credit score, liability and property coverage limits, and deductible.
How do I know how much dwelling coverage to get?
Homeowners can estimate their required dwelling coverage by calculating the cost to replace their home after damage, often with help from an appraiser. While this study uses a baseline coverage of $250K, you can use the MoneyGeek homeowners insurance calculator to find the best coverage limit for your needs.
What factors affect home insurance costs the most?
The biggest factors affecting home insurance costs are your location, chosen coverage level and provider. Your credit score and home details also play a crucial role.
How We Determined Our Virginia Home Insurance Estimates
When determining the average cost of home insurance in Virginia, we used a base profile for a simple estimate consistent with the following:
- $250,000 dwelling coverage
- $125,000 personal property coverage
- $200,000 liability coverage
- Home Built Year: 2000
- Construction type: Frame
- Roof type: Composition
- $1,000 deductible
- No claims in the past 5+ years
- Fire protection level of 3
However, rates will vary widely depending on factors such as coverage level, provider chosen, the age of the home, other features of the home, insured credit and claims history, among other factors. All other combinations presented in this article assume the home was built in 2000.
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!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.