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By Devon Rhodes, Account Manager

The Best West Virginia Homeowners Insurance Companies

West Virginia is a great place to be a homeowner. Its home prices are less than half the national average, and if you’ve purchased a house here, your investment is only likely to grow, as markets in West Virginia are projected to hold their steady rise. And while West Virginia ranks as one of the lowest-risk states for natural disasters, homeowners insurance is still crucial for anyone living here, as fire, heavy winds, winter storms, and floods are all potential hazards for West Virginians.

How We Found the Best West Virginia Homeowners Insurance Companies

We rounded up the five best West Virginia homeowners insurance providers and evaluated them according to metrics we set forth in our nationwide review of the best homeowners insurance providers. We looked for markers of excellent business health as indicated by the top financial strength ratings, evidence of satisfactory claims experience and customer satisfaction, plus expansive coverage options to cover any issue a West Virginian might encounter. Finding the best coverage and price is ultimately a personal process due to the number of factors that will play into your specific policy, so we recommend securing as many quotes from as many companies as possible to ensure you’re finding your best options. We think the five providers on our list represent the best places to start.

The 5 Best Homeowners Insurance Companies in West Virginia

West Virginia Homeowners Insurance Reviews

Liberty Mutual

Liberty Mutual snagged the top spot on our list after we evaluated coverage quotes for an average home in West Virginia (three bed, two bath, and approximately 1,700 square feet). Liberty Mutual offered $89K more in dwelling coverage than our lowest quote from Nationwide and $80K more personal property value than our lowest offer from Allstate.

The tradeoff is a higher premium: We were quoted about $400 more per year than our lowest premium quote (again, from Nationwide). But that’s about $30 per month for a huge jump in coverage. Should you encounter the unexpected, whether a rock or a mudslide, that extra coverage means you’re more likely to be able to restore your home without worrying about out-of-pocket costs. Luckily, Liberty Mutual offers a wide array of discounts to help offset its higher premiums, amassing more than any of the other contender but Allstate.

A stock policy from Liberty Mutual will cover you for all the major issues affecting West Virginia, including fires, frozen pipes, and storm damages. On top of the basics, highly recommended endorsements like water backup protection and full replacement cost coverage (called Home Protector Plus) are readily available. Liberty Mutual also offers rare coverages like Inflation Protection, which will periodically adjust your rate to account for market value inflation.

Commercial appraising powerhouse J.D. Power gave Liberty Mutual an acceptable 797/1000 for overall customer satisfaction. More impressively, Consumer Reports awarded it an 83/100, with high marks across the board for customer service and claims satisfaction. Liberty Mutual also holds “strong” and “excellent” financial evaluations from top insurance watchdogs like A.M. Best, Moody’s, and Standard and Poor’s, which means you can rest confident in the knowledge that it has the financial stability to pay out when you need it to.

Nationwide

In terms of customer satisfaction ratings, Nationwide is the best on our list. It earned an impressive 809/1000 for overall customer satisfaction from J.D. Power, and Consumer Reports awarded it an 86/100 — the best on our list — with top marks for agent interactions and timely payments. With an A+ rating from A.M. Best, Nationwide also boasts rock solid financial stability.

Like Liberty Mutual, Nationwide offers a wide breadth of basic and additional coverages to fully protect a typical West Virginia home. This includes options like water and sewer backup, personal umbrella liability extending coverage for injuries on your property, plus ordinance and law insurance, which covers the cost of bringing your home up to building code should damage occur to an older structure. This is a rare coverage in the insurance world, and Nationwide is the only one of our top five insurers to offer it.

Nationwide has a few nice options for saving on your premiums, too. While not as expansive as Liberty Mutual’s or Allstate’s list of discounts, it's easy to take advantage of Nationwide’s discounts for things like the inclusion of deadbolts on exterior doors, keeping fire extinguishers handy, and even just being of retirement age. Nationwide also makes it quite easy to track down these discounts, which may be one reason they came back with the cheapest quote during our quote evaluation.

Allstate

While Allstate performed admirably in J.D. Power and Consumer Report’s ratings — 822/1000 and 80/100 respectively — it really blows the competition out of the water with its digital tools. We loved the Common & Costly Claims tool, which lets you explore common and major risks specific to your ZIP code. In Charleston, W.V. (25303), for instance, you’ll see wind, water, and physical damage make up the the most common damages, while liability claims create the bulk of costly claims in the area.

Once you’ve investigated your specific area, you might find the increase in premium for that extra liability umbrella coverage, or a scheduled valuables rider, might be worth a few extra bucks every month. Allstate’s Premium Gauge lets you play with some of the variables used to determine your risk and projected coverage costs, letting you see how factors like the age of your home and your number of previous claims can change the amount you’ll be paying per year or per month. If you’re still at the very beginning of your purchase decision, Allstate's Rent vs. Own Calculator can calculate whether you will save money by buying or renting over a certain period.

To top it off, there are tons of informative articles found on Allstate’s tools and resources page, complemented by a full suite of FAQs. We believe this kind of dedication to customer education makes Allstate a great option for West Virginia homeowners insurance.

State Farm

State Farm earned the highest score from J.D. Power of our top picks with an 825/1000, and had a solid 82/100 from Consumer Reports as well. It was also the the only insurer among our group to earn the highest ratings possible from all three top financial investigating facilities.

But State Farm falls in the middle of the pack in terms of available resources for current or potential customers, which is why we also placed them in the middle of our lineup. A couple basic videos explain how to understand replacement and market value and how to estimate your values. A smattering of helpful FAQs can walk you through basic questions you might have before, during, or after a policy is started.

Without outstanding resources like those offered by Allstate or Liberty Mutual, State Farm relies on comprehensive coverages to make its name. A basic plan will have you covered better than most plans, since State Farm includes things like water backup coverage without requiring you to add extra endorsements. You’ll also have access to typical add-ons like identity theft and inflation protection (Liberty Mutual was the only other provider we looked at that offered this).

Discounts, however, are not State Farm’s strong suit. A few are outlined, such as multiple account discounts and savings for installation of security systems, and State Farm does offer a comprehensive discount option for those with new or improved roofs. But if you’re looking for additional ways to trim your premium, you might have better luck with our other options.

The Hartford

The Hartford rounds out our list of the best homeowners insurance in West Virginia, but it’s in no way a last resort. Highly acclaimed by Consumer Reports for agent courtesy and satisfactory payments, The Hartford offers excellent coverage and experience. Its Basic plans cover all the bases with comprehensive dwelling, personal property, and personal liability coverage.

If you do want to extend those coverages to create a more comprehensive policy, The Hartford makes it easy with ready-made packages. The Home Advantage and Home Advantage Plus packages offer extra protection for liability, lost or damaged personal items, and even ID fraud protection to cover all that live in your home. Unlike the a la carte options offered by most other providers, these packages require a little less legwork on your end. (The flip side, of course, is that they’re also less customizable.)

While most of The Hartford’s coverages are found in plans from all our top five insurers, The Hartford alone shines a light into the relatively ambiguous market of home warranties. Typically, home insurance policies don’t cover mechanical failures of home appliances, but you can add Equipment Advantage Protection from The Hartford to cover all the major appliance systems in your home, like a fridge on the fritz or an HVAC shutdown. While there are many options from independent companies for home warranties such as this, including this protection from The Hartford will give you the peace of mind that comes from a trusted source and a reputable name.

Guide to West Virginia Homeowners Insurance

Consider flood insurance

According to the Pew Charitable Trusts, flooding is the most costly and fastest-growing natural disaster across the nation, and West Virginia is no exception. The overwhelming majority of land in West Virginia falls into the “100-year floodplain” as designated by FEMA, which means the chance of seeing a damaging flood within anyone’s lifetime is quite possible. Yet less than 5% of the state holds a flood insurance policy.

West Virginia’s Division of Homeland Security and Emergency Management works to mitigate these kinds of damages by employing Floodplain Management. This agency regulates issues like development of high-risk areas by inspecting building practices such as elevating homes or building near or below Base Flood Elevations (BFE). Even with this dedication to creating a safer home environment for West Virginians in the most flood-prone areas, there are still risks.

Compare quotes

No matter which provider you choose, it’s always a good idea to compare quotes — which is exactly what we did for our top providers. Below are our quotes for an “average” three-bed, two-bath house with about 1,700 square feet based in Charleston, W.V.

Consider these findings a reference point only. Even slight differences in house structure or materials, claims history, or ZIP code can affect your personal quote. And since every provider calculates risk a bit differently, it always pays to shop around.

Dwelling Coverage
Personal Property Coverages
Deductible
Premium
State Farm
$180,000
$135,000
$2,000
$1,333/year
Nationwide
$170,900
$119,630
$1,000
$1,074/year
Allstate
$191,000
$114,000
$2,000
$1,392/year
Liberty Mutual
$259,600
$194,700
$1,000
$1,476

Note: The Hartford requires a phone interview to complete a quote, which requires a bit more personal and sensitive information than we can replicate. We certainly advise giving them each a call before making your final purchase decision.

West Virginia Homeowners Insurance FAQ

What are average homeowners insurance rates in West Virginia?

Fortunately for West Virginians, their homeowners insurance rates are among the lowest in the nation — $907 per year on average for an HO-3 policy, compared to the nationwide average of $1,173. That’s because it’s one of the safest states in the country for national disasters. While the state sees its fair share of fire, winter storms, and flooding, damage is less common than in many states.

What if my provider doesn’t cover floods?

Most private insurance providers — including all five of our best homeowners insurance companies — do not offer flood coverage. You should look to FEMA and the federal government for protection against this type of water damage. You can investigate your availabilities with the National Flood Insurance Program, which covers “direct physical damage to buildings and/or personal property as a result of flooding.”

The Best West Virginia Homeowners Insurance: Summed Up

A.M. Best Financial Strength Rating
Consumer Reports Homeowners Insurance Rating
J.D. Power 2018 Homeowners Insurance Customer Satisfaction Ranking
Liberty Mutual
A
83/100
797/1000
Nationwide
A+
809/1000
809/1000
Allstate
A+
80/100
822/1000
State Farm
A++
82/100
825/1000
The Hartford
A
85/100
817/1000

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