It should come as a welcomed fact that the average cost of homeowners insurance in West Virginia is a few hundred dollars lower than the national average. And while the price is an important factor when choosing the best homeowners insurance companies in West Virginia, customers also need to look at factors like coverage, claims support, and unique features.
Thankfully, many providers check all of these boxes. Some of the current leading companies in the state include Allstate, USAA, Erie Insurance, and State Farm.
The 4 Best Homeowners Insurance Companies in West Virginia
| Allstate | USAA | Erie Insurance | State Farm | |
| Our review | Our review | Our review | ||
| Average Annual Premium* | $787 | $713 | $1,132 | $1,217 |
| AM Best Financial Strength Rating | A+ | A++ | A+ | A++ |
| J.D. Power Overall Customer Satisfaction Score | 829*/1000 | 889*/1000 | 839*/1000 | 829*/1000 |
| Online Quote Tool | ✓ | ✓ | ✓ |
*Data from Bankrate.com, based on $250,000 in dwelling coverage.
**J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale. USAA not officially ranked due to eligibility restrictions.
Best West Virginia Homeowners Insurance Companies
Allstate
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. Allstate is also generous in its coverage, providing up to $10,000 for accidental damage.
Best for New Homeowners
Why we chose it
Why we chose it
Pros
- Comprehensive online claims tools
- Low average annual premium
Cons
- Some areas may have coverage limits
Discounts available
- Multi-policy discount
- Claim-free discount
- Early signing discount
Unique features
Allstate does offer a variety of discounts for its policyholders. For example, you can save 25% if you bundle your auto policy with your home insurance policy, and an additional 5% if you sign up for autopay.
Further Reading on Allstate:
USAA
USAA appears at the top of rating lists for its excellent customer service, comprehensive policies, and fair prices. The only catch is that you must be a current or former member of the military community to purchase a policy — but if you are, the company should be your first stop.
Best for Military-Centric Options
Why we chose it
Why we chose it
Pros
- Top customer satisfaction ratings
- Discounts for multiple policies
Cons
- Only available to active military, their families, and veterans
Discounts available
- Bundle discounts
- Discount of 10% if no claims in the last five years
Unique features
Rates are middle of the road, but one major standout is that USAA is one of the best-reviewed insurance companies. If you are an active or retired military member, consider getting a quote from USAA. It offers a variety of coverage options that may suit
Further Reading on USAA:
Erie Insurance
Homeowners insurance isn’t a one-plan-fits-all type of thing, and Erie knows it. The company offers customizable insurance coverage so you can craft the right policy for your needs.
Best for Customized Policies
Why we chose it
Why we chose it
Pros
- Strong financial rating
- Customizable insurance coverage
Cons
- Higher annual premiums
- Limited availability
- No mobile app
Discounts available
- Multi-policy discounts averaging around 20% (16% – 25%)
- Advanced quote discounts
- Fire, burglary alarm, and sprinkler system credits
Unique features
With over 5,000 employees and 13,000 independent agents, Erie is no small fry when it comes to homeowners insurance in West Virginia. The company pushes “no gray areas” in coverage, helping you to understand every aspect of your policy as clearly as possible.
Further Reading on Erie:
State Farm
State Farm offers above-average customer support along with competitive pricing and solid coverage options. For those new to home ownership, its Simple Insights blog can tell you everything you need to know about home ownership in general.
Best for Coverage Options
Why we chose it
Why we chose it
Pros
- Comprehensive coverage for homeowners
- Unique add-ons like identity theft and inflation protection
Cons
- Expensive premiums
Discounts available
- Multiple line discount
- Home alert protection discount (fire, smoke, or burglar alarms)
- Roofing discounts based on the type of roofing products on the house
Unique features
What’s unique and worth noting is that State Farm offers the ability to file a claim online, which isn’t offered by all home insurance companies. Additionally, the company has a robust collection of learning tools that potential customers can access for free.
Further Reading on State Farm:
*Data from Bankrate.com, based on $250,000 in dwelling coverage
**J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale
Average Cost of Homeowners Insurance in West Virginia
According to 2021 data from Bankrate.com, the average annual cost of insurance in West Virginia is $1,124 for $250,000 in dwelling coverage, which is a bit under the national average of $1,312. The age of your home will affect the price of your insurance the most in West Virginia. Newer homes that are five years old or less can save you significantly on your annual premium.
Home Insurance add-ons that may further protect you
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.
The Cheapest Homeowner Insurance Companies In West Virginia
| Home Insurance Company | Average Annual Premium* |
| Westfield | $618 |
| USAA | $713 |
| Allstate | $787 |
| Erie | $1,132 |
| State Farm | $1,217 |
| Nationwide | $1,701 |
*Based on $250,000 in dwelling coverage
Top 3 Cheapest Homeowner Insurance Companies in West Virginia
- Westfield – $618
- USAA – $713
- Allstate – $787
Top 3 Most Expensive Homeowner Insurance Companies in West Virginia
- Nationwide – $1,701
- State Farm – $1,217
- Erie – $1,132
West Virginia home insurance companies vary greatly in terms of the average annual premium for the state, with Westfield offering a low $618 per year and Erie averages reaching $1,132 per year, both for $250,000 in dwelling coverage. All of these numbers are based on averages, with the condition and age of the home having a lot to do with your actual price. Get a more accurate estimate of your premium by requesting personalized quotes.
Helpful Resources for West Virginia Homeowners
Looking for a little additional information on getting a homeowners insurance policy in the state of West Virginia? The state government created a nice list of local resources to help you in your search. The resources discuss things like types of policies, FAQs for the state, tips for selecting a provider, and even how to get a free smoke alarm.
Homeowners Insurance FAQ
Methodology
We evaluated the companies based on their third-party agency ratings for customer experience, financial stability, as well as coverage options to determine which might be the best providers.
To compare home insurance companies across the board, we considered the following factors:
- 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 sound financial strength will not have issues paying out claims, regardless of the amount. However, companies with weak financial strength might not be able to pay 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.
Rates are based on quoted annual premiums from Bankrate.com. These are sample rates and should be used for comparative purposes only. Your quotes may be different.
The coverage limits for home insurance rates reflect the following coverage and limits:
- Coverage A, Dwelling: $250,000
- Coverage B, Other Structures: $25,000
- Coverage C, Personal Property: $125,000
- Coverage D, Loss of Use: $50,000
- Coverage E, Liability: $300,000
- Coverage F, Medical Payments: $1,000
The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).
About the Authors
Lauren Ward is a personal finance writer who regularly covers consumer insurance products. Her work has appeared in a variety of online publications, including Bankrate and The Simple Dollar. She graduated from Georgetown University with a BA in Japanese.
