Instant, Online and Unlimited
Virginia Homeowners
Insurance Quotes

Virginia Homeowners Insurance Quotes

The Old Dominion, otherwise known as Virginia is located in the Southern and Mid-Atlantic regions of the US. The nickname was given because of the state status one of the first colonial possession that was established in British America. The capital of Virginia is Richmond. Virginia Beach is the most populated city in the entire state.  Virginia is also known for its slogan of: “Virginia is for Lovers”.

 

There are many factors to consider when it comes to costs of homeowners insurance in Virginia. Do you know what these factors are? Let’s discuss them. One factor that affects your rates is the crime rate. High crime rates will greatly affect insurance costs for your home. Another factor is how close to the coast you live. This will also greatly affect your costs as well. On average, the statewide cost homeowners pay is 1131. However, location depends on your average price. You can pay anywhere from $937 to $1648 depending on location.

 

In order to find the cheapest homeowners insurance, a study was completed to determine the most affordable companies in Virginia. The sample for this study includes a home of 2,000 square feet. Quotes were received by Nationwide, State Farm, Liberty Mutual, and Farmers. Between all these major companies, Nationwide had the cheapest annual average. Nationwide’s average annual rate came to be $842. The rates listed above are only for the sample property. If you want to determine your rates, be sure to compare multiple quotes.

 

The cheapest homeowners insurance in Virginia are found in cities that are inland, away from the coast and water. These cities are near the West Virginia border.

 

The most expensive Virginia homeowners insurance quote is found along the coast or near bodies of water. These two factors greatly affect home insurance costs. Homes located in these neighborhoods have a high risk of flooding and therefore have higher rates. The odds of a company paying out for damage are higher.

 

Top Ten Most Populated Cities in Virginia

 

Virginia Beach

Virginia Beach is Virginia’s biggest city. It is home to many hotels, restaurants, and businesses. Virginia Beach is a prime example of higher insurance rates, due to its location along the coast. This city has the highest home rates in the entire state of Virginia. The average premium is $1765. This average is 53% higher than the Virginia average.

 

Norfolk

This is Virginia’s second biggest city, population of 246,139 people. Norfolk is home to the largest Navy base in the entire world. Norfolk is close to major waterways and the Atlantic Ocean. The crime rate in Norfolk is also high. With these factors, Norfolk is also one of the most expensive places for home insurance.

 

Chesapeake

Chesapeake consists of farmland, forests, and wetlands. It is located on the Atlantic Intracoastal Waterway. It also has miles of residential, waterfront industrial, and commercial property. It is the third-most populated city in Virginia. On average a resident of Norfolk can pay between $681-783 for homeowner insurance. This also depends on the home value.

 

Richmond

Richmond is the capital of Virginia. It has been an independent city since 1871. In 1755, Patrick Henry presented his famous speech “Give me Liberty or Give me Death” here at St. John’s Church. On average, Richmond residents are paying about $1150 for their home coverage.

 

Newport News

Newport News is 23 miles long and 3 miles wide. It was settled in 1621. This city is Virginia’s fourth largest. The Newport News Shipbuilding and Dry Dock Company built many US super aircraft carriers. These aircrafts included the Kennedy, Washington, Vinson, Roosevelt, and Enterprise. Based on Virginia data, homeowners are, on average paying $645 to $867 annually.

 

Alexandria

Alexandria is located 7 miles south of Washington, DC.  It is populated with citizens working professionally in the federal civil service, the military, and private companies that provide for the federal government. One of Alexandria’s largest employers is the US Department of Defense. An average rate of homeowners insurance in this city is $1169.

 

Hampton

This city is 16 miles north of Norfolk. Hampton is considered to be one of the nation’s earliest settlements. This city dates back to the early 1600s.  Rates in this city are $1423.

 

Roanoke

Roanoke is the largest municipality in Southwest, Virginia. Originally known as Big Lick, this city was named for its large supply of salt which brought in wildlife. In 1882 it was renamed to Roanoke. Virginia homeowners insurance here averages out to be $1032.

 

Portsmouth

This city is 3 miles away from Norfolk. Portsmouth got its name from the English naval port of the same name. The Norfolk Naval Shipyard, the navy’s premiere shipbuilding facility is located here as well. Insurance rates in this city will be an average of $752.

 

Suffolk

Suffolk was founded in 1742 by English colonists. It was originally named Constant’s Warehouse before being renamed to Suffolk. Suffolk became an incorporated town in 1808. It is also the birthplace of Planters Peanuts. Rates here will cost you an estimate of $1365.

^