Best Life Insurance in Virginia (October 2024)
Updated: October 23, 2024
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For men seeking top-tier life insurance, Nationwide stands out with the highest MoneyGeek score of 97 and an affordable monthly premium of $22. Equally, for women, Nationwide emerges as the superior option with an identical MoneyGeek score and a monthly cost of $21.
When choosing a life insurance provider, consider factors like policy types, customer satisfaction and company stability to find the best fit for your unique needs.
BestLife InsuranceVirginiaBest Life Insurance Companies in Virginia
Why Trust MoneyGeek? We analyzed 1,488 life insurance quotes alongside customer satisfaction, financial stability reports, product offerings and more to determine the best life insurance companies in Virginia.
Coverage costs and company information for life insurance providers were updated in May 2024.
| Nationwide | 1 | 97 |
| GEICO | 2 | 97 |
| Mutual of Omaha | 3 | 96 |
| Protective | 4 | 95 |
| Allstate | 5 | 94 |
| Prudential | 6 | 93 |
| Transamerica | 7 | 93 |
| State Farm | 8 | 93 |
| AAA | 9 | 92 |
| Haven | 10 | 91 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the overall best life insurance companies in Virginia:
Nationwide consistently emerges as the provider with the best life insurance offering in Virginia for both men and women, earning a MoneyGeek score of 97 out of 100 with a monthly premium of $22 for men and $21 for women.
The top providers with the highest MoneyGeek scores are:
Nationwide is the top choice for men seeking reliable life insurance in Virginia, earning the highest MoneyGeek score of 97. The company offers life insurance at an accessible monthly premium of $22.
Pros:
Nationwide stands out as the top pick for the best life insurance in Virginia for women, with a MoneyGeek score of 97 and a monthly premium of $21.
Pros:
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies in Virginia:
Costs are based on quotes gathered for a $250,000 life insurance policy with a 10-year term.
Nationwide stands out as the provider offering the best term life insurance in Virginia for both men and women, earning a MoneyGeek score of 97 for both genders and average monthly premiums of $18 for men and $17 for women.
The top three highest MoneyGeek scores are:
With an impressive overall MoneyGeek score of 97, Nationwide is the top pick for the best term life insurance in Virginia, catering to both men and women. It offers a monthly premium of approximately $18 for men and $17 for women.
Pros:
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best whole life insurance companies in Virginia:
We did not weigh affordability as we did not collect whole life insurance quotes. The company below has the highest score among the companies that offer whole life insurance policies.
State Farm is the leading company offering the best whole life insurance in Virginia for both men and women, with a stellar MoneyGeek score of 99.
With an outstanding MoneyGeek score of 99, State Farm is the prime choice for the best whole life insurance in Virginia for both men and women.
Pros:
Cons:
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best universal life insurance companies in Virginia:
We did not weigh affordability as we did not collect universal life insurance quotes. The company below has the highest score among the companies that offer universal life insurance policies.
Nationwide stands out as the top provider of the best universal life insurance in Virginia, earning a MoneyGeek score of 99 for both men and women.
Some of the highest-ranked companies in Virginia according to the MoneyGeek score are:
Nationwide stands out as the premier choice for the best universal life insurance in Virginia, with an impressive overall MoneyGeek score of 99.
Pros:
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best no-medical-exam life insurance companies in Virginia:
We did not weigh affordability as we did not collect no-medical-exam life insurance quotes. The company below has the highest score among the companies that offer life insurance policies without mandatory medical exams.
Nationwide stands out as the top provider of the best no-medical-exam life insurance in Virginia for both men and women, with a MoneyGeek score of 99 out of 100.
The top three highest MoneyGeek scores are:
Nationwide is the outstanding choice for the best no-medical-exam life insurance in Virginia, with a comprehensive MoneyGeek score of 99.
Pros:
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for seniors in Virginia:
We applied the same weighting factors as the term life insurance category; however, the persona for the quote was adjusted to reflect an age of 70 for a more accurate estimate.
Nationwide offers the best term life insurance for seniors in Virginia, earning a MoneyGeek score of 98 for men and 97 for women, with respective monthly premiums of $67 and $64. Nationwide's consistent top-ranking position is largely a result of its perfect satisfaction score and high marks in affordability, diversity and stability.
| Nationwide | 1 | $67 | 98 |
| GEICO | 2 | $62 | 97 |
| Mutual of Omaha | 3 | $74 | 96 |
| Prudential | 4 | $64 | 95 |
| Protective | 5 | $65 | 95 |
| Allstate | 6 | $71 | 93 |
| State Farm | 7 | $129 | 93 |
| AAA | 8 | $86 | 92 |
| Transamerica | 9 | $81 | 92 |
| Haven | 10 | $127 | 89 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies in Virginia for people who smoke:
We applied the same weighting factors as the term life insurance category; however, the persona for the quote was adjusted to reflect an active smoker for a more accurate estimate.
GEICO provides the best term life insurance for smokers, achieving the highest MoneyGeek score for men (96 out of 100) and women (94 out of 100), with a monthly premium costing $58 for both genders.
GEICO distinguishes itself through exceptional customer satisfaction and affordability, which are significant factors contributing to its MoneyGeek score.
| GEICO | 1 | $58 | 96 |
| Nationwide | 2 | $76 | 96 |
| Prudential | 3 | $57 | 95 |
| Mutual of Omaha | 4 | $72 | 95 |
| State Farm | 5 | $94 | 94 |
| Transamerica | 6 | $70 | 93 |
| AAA | 7 | $78 | 93 |
| Protective | 8 | $99 | 90 |
| Haven | 9 | $118 | 89 |
| Allstate | 10 | $116 | 89 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies in Virginia for young adults:
We applied the same weighting factors as the term life insurance category; however, the persona for the quote was adjusted to reflect an age of 20 for a more accurate estimate.
Nationwide offers the best term life insurance for young adults in Virginia, with a MoneyGeek score of 97 for both men and women. The monthly premium cost for men and women is approximately $11.
What sets Nationwide apart is its perfect satisfaction score along with high rankings across affordability, diversity, process and stability.
| Nationwide | 1 | $11 | 97 |
| GEICO | 2 | $9 | 97 |
| Mutual of Omaha | 3 | $11 | 96 |
| Protective | 4 | $9 | 95 |
| AAA | 5 | $12 | 93 |
| Prudential | 6 | $13 | 93 |
| Allstate | 7 | $11 | 93 |
| State Farm | 8 | $21 | 93 |
| Transamerica | 9 | $12 | 92 |
| Haven | 10 | $13 | 92 |
| Bestow | 11 | $19 | 90 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best cheap term life insurance companies in Virginia:
We applied the same weighting factors as the term life insurance category; however, the quote was adjusted to reflect a 10-year term with minimum coverage.
Nationwide stands out as the provider with the best cheap term life insurance in Virginia, earning a MoneyGeek score of 97 for men and women, with an affordable monthly premium of $18 for men and $17 for women.
The company's leading position can be attributed to its exceptional balance of cost-efficiency and reliable coverage, making it an ideal choice for those seeking financial protection without the high costs.
| Nationwide | $18 | 97 |
| GEICO | $14 | 97 |
| Mutual of Omaha | $17 | 96 |
| Protective | $15 | 96 |
| Allstate | $18 | 94 |
| Transamerica | $19 | 94 |
| Prudential | $19 | 93 |
| AAA | $20 | 93 |
| Haven | $24 | 89 |
| State Farm | $33 | 89 |
The average monthly cost of life insurance in Virginia is $68 for women and $83 for men. The average cost can be influenced by several factors, such as age, health, lifestyle and the selected coverage amount.
Taking the time to understand these factors is important in securing the most beneficial policy.
The top life insurance company in Virginia for men is Nationwide.
Nationwide, the company with the highest MoneyGeek score, offers a monthly premium of $22.
The top life insurance for women in Virginia is offered by Nationwide.
Nationwide provides the best policy with a monthly premium of approximately $21.
About Mark Fitzpatrick
Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.
Mark earned a master's degree in Economics and International Relations from Johns Hopkins University and a bachelor's degree from Boston College. He is passionate about using his economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.
