Cheap Renters Insurance in Virginia

Chubb, Allstate and Nationwide are Virginia's best affordable renters insurance companies. Allstate offers the lowest rates at $23 monthly. Chubb leads in customer satisfaction, and Nationwide provides the most comprehensive coverage options.

*Rates based on good credit, no claims history, $50K property damage, $100K liability coverage, $1,000 deductible and guaranteed replacement.

Our list covers most renters, but your ideal options may differ. Use the filterable table to find the best option for your profile in Virginia.

The section below details our top pick for affordability, customer service and coverage options for Virginia renters insurance.

Renters insurance costs $24 monthly in Virginia, $4 higher than the national average of $20. These rates reflect a policy with $50K personal property coverage, $100K liability limits and a $1,000 deductible, though your rates may vary based on your profile.

The table lets you filter factors affecting renters insurance rates and find average rates for your profile.

Renters insurance costs vary by city. The average annual premium in Alexandria is $194. In Virginia Beach, it's $295 for a policy with $50K personal property coverage and $100K liability coverage. The table shows the average cost in your city.

*Rates based on good credit, no claims history, $50K property damage, $100K liability coverage, $1,000 deductible and guaranteed replacement.

Finding the best and cheapest renters insurance in Virginia can be challenging with many options available. This guide helps you select appropriate coverage based on clear information.

Virginia law doesn't require renters insurance, but most landlords require at least $100K in liability coverage. Requirements may vary based on your rental history, credit and pets. Consider how much property you want covered, weather risks, local crime rates and pet ownership.

Use our calculator to determine your ideal personal property limits so you know how much renters insurance you need.

Here are risks specific to Virginia renters and additional coverage considerations:

• Weather risks: Virginia has a high risk of hurricanes and landslides in certain areas. Standard coverage may not include protection for these threats, so you'll need a separate purchase.
• Crime risks: Virginia ranks 30th for property crime and 23rd for identity theft and fraud nationwide. Consider add-ons and supplemental property damage coverage.
• Pet ownership: Depending on your pet, consider pet liability coverage. Check how pet coverage works with different providers and whether it's included in standard policies.
• Property types: If you have special tools, valuables, electronics or other structures like a pool that need coverage, standard policies may not cover them. Look for companies with specific add-ons for additional protection.

Renters insurance covers property damage, liability and loss of use related to your rental. Add-on coverages can make protection more comprehensive. Common coverage types include:

Chubb, Allstate and Nationwide offer Virginia's best affordable renters insurance with reasonable rates and quality service. Compare quotes from each to find the best option for your needs.

Here are answers from our experts to common questions:

Virginia renters need coverage that addresses the state's specific risks: hurricane exposure in coastal areas, landslide threats in mountainous regions and property crime rates that rank 30th nationally. We analyzed rates and coverage options to help you find affordable protection that fits Virginia's unique rental market.

Our renter profile: We analyzed rates for a renter with good credit, no claims history, $50,000 personal property coverage, $100,000 liability coverage, a $1,000 deductible and property replacement coverage.

Why these choices matter: The $50,000 personal property limit represents typical belongings for Virginia renters, covering furniture, electronics, clothing and other possessions. Most Virginia landlords require at least $100,000 in liability coverage, which protects you if someone gets injured in your rental unit. The $1,000 deductible balances affordable premiums with manageable out-of-pocket costs if you need to file a claim.

Good credit baseline: Virginia insurers use credit-based insurance scores heavily when pricing renters policies. Good credit shows standard pricing, but poor credit can increase premiums by 50% to 100% in this state. We used good credit as our baseline since most Virginia renters fall into this category.

Replacement cost coverage: Property replacement coverage costs more than actual cash value coverage, but it pays the full cost to replace damaged items rather than their depreciated value. This matters in Virginia where weather events (hurricanes, flooding) can destroy entire apartments' worth of possessions. A three-year-old laptop might have $200 actual cash value but cost $800 to replace; replacement cost coverage pays the full $800.

Geographic variations: Rates vary across Virginia cities. Alexandria and Arlington average $193 to $194 annually because of lower crime rates and urban apartment density. Virginia Beach averages $295 annually because of hurricane exposure and coastal flooding risks. Chesapeake, Hampton and Newport News fall in between at $264 to $279 annually.

How we scored companies: Affordability accounts for 60% of our total score, based on premiums for our base profile. We also evaluated company size and add-on coverage options (10%), customer satisfaction scores from J.D. Power and other industry research (25%), and AM Best financial strength ratings (5%). This balanced approach identifies companies offering the best combination of low rates, quality service and financial stability.

Virginia-specific risks: We prioritized companies offering strong coverage for Virginia's unique challenges. Hurricane and landslide coverage often requires separate policies in high-risk areas. Identity theft protection matters since Virginia ranks 23rd for identity theft and fraud. Pet liability coverage is important since many Virginia landlords allow pets but require additional coverage.

Compare quotes from multiple providers to confirm the best rate and coverage for your specific location, belongings value and risk profile.