How much is homeowners insurance in Virginia?
The average cost of homeowners insurance in Virginia is $1,277 per month or $106 per year for $300,000 in dwelling coverage (which is the part of your policy that protects your actual house).
While home insurance rates in Virginia are cheaper than the national average, coverage has gotten more expensive. Our latest analysis of internal policyholder data shows home insurance premiums in Virginia increased 22% from May 2022 to May 2023 after people renewed their policies.
Methodology & why you can trust our rates
Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:
Dwelling: $300,000
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
Liability: $300,000
Medical: $1,000
All rates based on the above coverage limits except where otherwise noted.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
Virginia home insurance rates by city
Winchester, Blacksburg, and Manassas have on average the cheapest homeowners insurance rates in Virginia (among its 20 largest cities). The cost of home insurance in Winchester, which has the cheapest rates in Virginia, is 19% cheaper than the statewide average.
City | Average monthly cost | Average annual cost | Difference from state average (%) |
|---|---|---|---|
Virginia Beach | $162 | $1,947 | 52% |
Chesapeake | $142 | $1,702 | 33% |
Norfolk | $150 | $1,794 | 40% |
Richmond | $105 | $1,257 | -2% |
Newport News | $132 | $1,585 | 24% |
Alexandria | $96 | $1,154 | -10% |
Hampton | $137 | $1,639 | 28% |
Suffolk | $136 | $1,626 | 27% |
Roanoke | $91 | $1,095 | -14% |
Portsmouth | $145 | $1,740 | 36% |
Lynchburg | $91 | $1,087 | -15% |
Harrisonburg | $89 | $1,063 | -17% |
Leesburg | $97 | $1,162 | -9% |
Blacksburg | $86 | $1,035 | -19% |
Charlottesville | $94 | $1,129 | -12% |
Manassas | $88 | $1,050 | -18% |
Danville | $101 | $1,208 | -5% |
Petersburg | $106 | $1,267 | -1% |
Fredericksburg | $88 | $1,057 | -17% |
Winchester | $86 | $1,031 | -19% |
Virginia home insurance rates by coverage amount
One of the most important (and expensive) parts of your home insurance policy is your dwelling coverage, which covers the physical structure of your home from covered hazards like wind and fire.
The amount of dwelling coverage you need depends on your home’s replacement cost — not its market value. If you paid $600,000 for a home that would really only cost $400,000 to rebuild — you’d only need $400,000 in dwelling coverage.
The higher your policy’s dwelling coverage limit, the higher your premiums. In Virginia, the most significant rate jump ($379 per year) occurs when you go from $400,000 to $500,000 in coverage.
Dwelling coverage limit | Average annual cost |
|---|---|
$100,000 | $622 |
$200,000 | $943 |
$300,000 | $1,277 |
$400,000 | $1,623 |
$500,000 | $2,002 |
