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The Best Homeowners Insurance Companies in Virginia

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    Homeowners insurance in Virginia is generally affordable, and there are several excellent insurance companies to choose from. We evaluated providers with the largest market share in Virginia and compared their customer service, financial strength, policies, pricing, discounts, and endorsements from sources like J.D. Power, AM Best and the company website.

    From this analysis, three of the five providers we chose also stand out on a national level: State Farm, Allstate and Farmers Insurance. State Farm takes the lead for its affordable prices, impressive discounts, and excellent customer service. 

    Keep in mind that we chose these top providers based on Reviews.com’s in-depth methodology, as well as sample rate data and third-party scores. Ultimately, the best homeowners insurance company will be different for every individual, based on your specific coverage needs, budget, and the things you value most in an insurance company.

    The 5 Best Homeowners Insurance Companies in Virginia

    Compare Virginia’s Top Insurance Companies

    CompanyAverage Annual Premium*AM Best Financial Strength RatingJ.D. Power Overall Customer Satisfaction Rating**
    State Farm$1,173 A++835
    Chubb$1,598A++801
    Allstate$1,465 A+829
    Auto-Owners Insurance$1,028 A++831
    Farmers Insurance$1,884A813

    Information as of 10/28/2021.

    *Rates pulled from Coverage.com

    **Based on a 1,000-point scale.

    State Farm

    State Farm has above-average customer satisfaction ratings, along with competitive pricing and solid coverage options. For those new to homeownership, its Simple Insights blog can tell you everything you need to know about insuring your home and personal belongings.

    Best Web Experience

    Why we chose it

    Providing a high-quality customer experience is only one of State Farm’s strengths. The company also offers a variety of online tools and digital resources geared toward first-time home insurance buyers.
    • 3.75 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
    • A++ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 835* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    Providing a high-quality customer experience is only one of State Farm’s strengths. The company also offers a variety of online tools and digital resources geared toward first-time home insurance buyers.

    Pros

    • 19,000+ agents nationally
    • Excellent web presence
    • Financially strong
    • Informative blog

    Cons

    • Higher premiums for some homeowners
    • Limited discounts
    Read More

    Discounts available

    • Impact-resistant roof discount
    • Fire, smoke, or burglar alarms discount
    • Multiple policy discount

    Unique features

    State Farm’s comprehensive website makes it easy to get a detailed quote in minutes. You can also pay your bill, file and manage a claim, and handle most maintenance tasks either online or via the company’s app.

    *J.D. Power 2021 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale

    Further Reading on State Farm:

    Chubb

    Chubb takes homeowners insurance to the next level by providing a variety of services and perks you may not find anywhere else. If you’re insuring a home with expensive upgrades, contents that need extra coverage, or if you’re insuring a second vacation home, Chubb might also be a good option for you.

    Best for High-Value Homes

    Why we chose it

    Chubb has excellent customer service, great financial strength and unique policies for customers with a high net worth. Although the premiums tend to be expensive, these unique perks may be worth the higher cost for some homeowners.
    • 3.75 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
    • A++ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 801* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    Chubb has excellent customer service, great financial strength and unique policies for customers with a high net worth. Although the premiums tend to be expensive, these unique perks may be worth the higher cost for some homeowners.

    Pros

    • Cash settlement option available after a claim
    • High customer satisfaction ratings
    • Homeowners insurance policies geared towards more expensive homes

    Cons

    • Independent agent required to purchase a policy
    • More expensive premiums than average
    Read More

    Discounts available

    • Claims-free discount
    • Gated community discount
    • In-house caretaker, or 24/7 security services discount
    • Multi-policy discounts

    Unique features

    Chubb understands the special needs of more affluent homeowners. Besides the coverages for higher-value homes, the insurer provides special “white glove” services, such as assigning you a property manager to handle your vacation home’s claim in-person on your behalf if you’re unable to travel.

    *J.D. Power 2021 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale

    Allstate

    Allstate’s strength is in the diversity of its offerings and discounts, which allow you to pick and choose the coverage that works best for your circumstances. It has a great website, with tons of useful information.

    Best for New Homebuyers

    Why we chose it

    Allstate’s discounts add up to lower premiums, making the company a good choice for anyone who’s looking to save a few dollars on their premium costs, especially new home buyers.
    • 4 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
    • A+ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 829* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    Allstate’s discounts add up to lower premiums, making the company a good choice for anyone who’s looking to save a few dollars on their premium costs, especially new home buyers.

    Pros

    • Above-average customer service ratings
    • Diverse discount opportunities
    • Informative website and digital tools

    Cons

    • Does not offer guaranteed or extended replacement cost coverage
    • NAIC complaint index is higher than average
    Read More

    Discounts available

    • Anti-theft device or fire alarm discount
    • Automatic payment discount
    • Claim-free discount
    • Early signing discount
    • Homebuyer discount
    • Multi-policy discount
    • Responsible payer discount
    • Welcome and loyalty discount

    Unique features

    Allstate’s discount list is longer than most national insurers. You could save up to 10% on your premiums if you sign up for your new policy at least seven days before the current one expires.

    *J.D. Power 2021 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale

    Further Reading on Allstate:

    Auto-Owners Insurance

    If you prefer doing your insurance business in person or by phone rather than digitally, Auto-Owners could be a good fit for you. Auto-Owners doesn’t have an online quote tool, nor can you report a claim online. However, it’s known for having good customer service, based on its J.D. Power customer satisfaction scores.

    Best for Unique Add-ons

    Why we chose it

    Auto-Owners offers a variety of add-on coverages for homeowners who want to customize a policy that meets their specific needs. Its rates are the lowest on our list and homeowners can access discounts to get an even lower premium.
    • 4 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
    • A++ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 831* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    Auto-Owners offers a variety of add-on coverages for homeowners who want to customize a policy that meets their specific needs. Its rates are the lowest on our list and homeowners can access discounts to get an even lower premium.

    Pros

    • Excellent customer service
    • High claims satisfaction scores
    • Special discounts and unique add-ons
    • High financial strength rating from AM Best

    Cons

    • Not rated by all credit agencies
    • Not many online tools
    Read More

    Discounts available

    • Advance quote discount
    • Automatic backup generator discount
    • Favorable loss history discount
    • Mortgage-free discount
    • Multi-policy discount
    • Paperless billing discount
    • Pay in full discount
    • Pay on-time discount
    • Protective devices discount
    • Water shut-off system discount

    Unique features

    Auto-Owners offers many discounts, some that are hard to find from other insurance companies. These include an automatic backup generator discount, a water shut-off system discount, a mortgage-free discount, and a favorable loss history discount.

    *J.D. Power 2021 U.S. Home Insurance Study, based on a 1,000-point scale

    Further Reading on Auto-Owners:

    Farmers

    Farmers offers a unique quoting system that features three tiers of service. Within those three tiers, you can further customize your policy if you have, say, expensive electronics or jewelry to cover.

    Best Pricing Options

    Why we chose it

    We like the fact that Farmers offers multiple tiers of coverage, so you only have to pay for the coverage you truly need. Even at the lowest level, you can choose higher coverage limits for specific items, making your policy one of a kind.
    • 3.5 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
    • A AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 813* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    We like the fact that Farmers offers multiple tiers of coverage, so you only have to pay for the coverage you truly need. Even at the lowest level, you can choose higher coverage limits for specific items, making your policy one of a kind.

    Pros

    • Bundling discounts
    • Identity theft coverage available
    • Three tiers of coverage

    Cons

    • Higher-than-average annual premiums
    • Slightly below-average J.D. Power customer satisfaction score
    Read More

    Discounts available

    • Affinity group discount
    • Automatic payment discount
    • Claim-free discount
    • Connected home discount (select states)
    • ePolicy discount
    • Fortified home discount (select states)
    • Gated community discount (select states)
    • Good payer discount
    • Green certification discount
    • Home safety discounts
    • Multiple policies discount
    • New home discount
    • Protective device discounts
    • Rent to own discount
    • Retirement community discount (select states)
    • UL-approved roofing materials discount

    Unique features

    Farmers’ three coverage tiers — standard, enhanced, and premier — let you pick the best coverage based on your needs. The highest level, premier, includes replacement cost coverage with 100% reimbursement regardless of policy limits.

    *J.D. Power 2021 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale

    Further Reading on Farmers:

    Average Cost of Homeowners Insurance in Virginia

    Based on data from Coverage.com, the average cost of homeowners insurance in Virginia is $1,204. This is $414 less than the national average of $1,618. Your actual premium might be more or less than the state’s average depending on your unique situation and what you need from your home insurance. The insurance premium you pay depends on many factors, such as the size, age, and location of your home and the discounts offered by your provider.

    Home Insurance Add-Ons That Will Further Protect You 

    Virginia is susceptible to flooding, so purchasing a flood insurance policy in addition to your home insurance may prove invaluable if your home floods due to a storm or other natural event.

    The Cheapest Homeowner Insurance Companies in Virginia

    Largest Companies by Market Share in VirginiaAverage Annual Premium
    Cincinnati Ins Co$609
    ALFA Insurance$743
    Virginia Farm Bureau Mut Ins Co$780
    Donegal Mut Ins Co$921
    Mercury Insurance$962
    Auto-Owners Insurance$1,028
    Progressive$1,030
    State Farm$1,173
    Occidental Fire & Cas Co Of NC$1,380
    Allstate$1,465
    Chubb$1,598
    Farmers Insurance$1,884
    Encompass$3,338
    Liberty Mutual$3,488
    First Liberty Ins Corp$3,599
    Safeco$4,390

    Cost of Homeowners Insurance by Age of Home 

    Age of Home (years)Sample Annual Premium 
    5$2,056
    20$2,598
    35$2,839
    50$2,787
    Average Across Ages$2,570

    Top 3 Cheapest Homeowners Insurance Companies in Virginia

    • Cincinnati Insurance Company: $609 
    • ALFA Insurance: $743
    • Virginia Farm Bureau Mutual Insurance Company: $780

    Top 3 Most Expensive Homeowners Insurance Companies in Virginia

    • Safeco: $4,390
    • First Liberty Insurance Corporation: $3,599
    • Liberty Mutual: $3,488

    Helpful Resources for Virginia Homeowners

    The Virginia Bureau of Insurance has several useful resources online for homeowners. If you want to educate yourself on how home insurance works in this state, you can check out its highly informative articles, including one about your rights when working with a home insurance company. If what you are looking for is information about laws, regulations and resources for homeowners insurance in Virginia, the Homeowners Protection Bureau website is a useful source.

    The Department of Housing and Urban Development has even more resources for Virginia homeowners that show where to get help with home repairs, avoid foreclosure, receive assistance with utility bills, and more. 

    Homeowners Insurance FAQ 

    Methodology

    All rates were pulled from Coverage.com. We evaluated the companies based on their customer rating and experience, financial stability, and coverage to determine the best providers. To compare home insurance companies in Virginia across the board, we then calculated a Reviews.com score based on the following:

    • Customer Ratings: Customer ratings are an indication of satisfaction with the process of filing a claim. We measured this using J.D. Power Homeowners Satisfaction ratings.
    • Coverage: As there isn’t one company to fit everyone’s needs, we evaluated companies by the amount of coverage options and add-ons available. 
    • Confidence: It is extremely important for insurance companies to fulfill customers’ claims. Companies with a history of sound financial strength may be less likely to have issues paying out claims. We measured this using AM Best’s ratings, which specializes in assessing the financial strength of insurance companies.
    • Customer Experience: The amount of complaints a company receives is an indicator of the overall customer experience as it expresses dissatisfaction. We have based this measure on the NAIC National Complaint Index.

    About the Authors

    Nina Rodríguez-Quirós

    Nina Rodríguez-Quirós Feature Writer

    Nina Rodríguez-Quirós is a feature writer for Reviews.com. Over the last year, she has covered insurance providers, claims handling, coverage and more. She has been featured in Allconnect.com and holds a Master’s Degree in Theory and Research of Communications from the University of Puerto Rico. Her favorite review is Millennials and Auto Insurance.

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