Home Insurance in Virginia Beach, VA

How to find affordable homeowners insurance in Virginia Beach

Home insurance is an important investment for any homeowner. Fire, vandalism, theft, and wind damage are just a handful of the perils from which homeowners coverage can protect your dwelling and personal property. With the relative frequency of such incidents — along with the high cost of rebuilding or repairing damages to a home — getting homeowners coverage is a wise investment. The average homeowners policy costs $169 per month in Virginia Beach, Virginia. This is higher than the national average.

The cost of homeowners insurance coverage depends on many factors. This can include the overall value of your house, the value of your personal belongings, and the materials that were used when building your home. Your home's location can also impact how much you pay, as some locations are more prone to destructive hazards. If your area is at risk of being affected by hail, strong winds, fire, frozen pipes, or volcanic activity, then your premiums could be substantially higher than average. Discover more about what a home insurance policy covers.

If you want to find inexpensive home insurance in Virginia Beach, start with shopping around and comparing a variety of different policies. Take a look at the summary below showing average homeowners insurance rates in Virginia Beach to help you get as much information as possible when you start your search for homeowners insurance. One thing to note is that the yearly cost of homeowners coverage is determined based on your chosen coverage limits as well as a number of other rating factors.

Table of contents:

1. Rates by insurer
2. Rates by coverage amount
3. Rates by ZIP code
4. Rates by deductible amount
5. Policy bundling savings

 

Virginia Beach home insurance by company

What you pay for homeowners insurance in Virginia Beach will depend on the insurance company you get your policy through. The most affordable home insurance in Virginia Beach is Nationwide offering average annual rates at just $982 per year. This is considerably cheaper than the city’s average homeowners premium of $2,022.

Have a look at the cheapest homeowners insurance companies in Virginia Beach, Virginia. Then, see our guide ranking home insurers by customer satisfaction, third-party ratings, and other factors to find the right home policy for you.

AFFORDABLE HOME INSURERS IN VIRGINIA BEACH

Company	Average Annual Rate
Nationwide	$982
State Farm	$1,011
Travco	$1,885
Erie	$2,002
Allstate	$2,343

 

Virginia Beach homeowners insurance prices by coverage level

Your chosen amount of homeowners coverage impacts the insurance premiums you pay. Homeowners in Virginia Beach who carry $200K in dwelling coverage pay an average of $1,641 per year, while those with coverage up to $400K pay around $2,696 per year.

POPULAR COVERAGE LIMITS IN VIRGINIA BEACH

Coverage Level	Average Annual Rate
$100K Dwelling	$907
$200K Dwelling	$1,641
$250K Dwelling	$1,763
$400K Dwelling	$2,696

 

Virginia Beach home insurance rates by ZIP code

Depending on which part of Virginia Beach you live in, you may see a big difference in your home insurance costs. One of the factors that insurers use when pricing your policy is the number of claims filed in your surrounding area. As such, the location of your house can drastically influence your home insurance premium.

The cheapest home insurance rates in Virginia Beach are available in 23464. In 23464, the typical home insurance policy costs $1,852 per year — $171 less than the citywide average in Virginia Beach. The below table shows the best places to live in Virginia Beach if you’re looking for affordable homeowners insurance.

AFFORDABLE HOME INSURANCE AREAS IN VIRGINIA BEACH

ZIP Code	Average Annual Home Insurance Rate
23464	$1,852
23453	$1,895
23462	$1,905

Some parts of Virginia Beach, however, have home insurance premiums that are higher on average. These areas might face a higher risk of perils such as fires or severe weather events. Similarly, they may also have a higher amount of crimes such as burglary or vandalism. With an annual average premium of $2,281, 23451 comes in as the priciest ZIP code in Virginia Beach for homeowners insurance.

EXPENSIVE HOME INSURANCE AREAS IN VIRGINIA BEACH

ZIP Code	Average Annual Home Insurance Rate
23451	$2,281
23457	$2,220
23461	$2,126

 

Virginia Beach homeowners insurance deductibles

Homeowners have a lot of choices to make when purchasing a homeowners insurance policy, including how much their deductible should be. A deductible is an amount for which a homeowner is responsible before an insurance company steps in to cover costs. The deductible that you choose can impact how much you pay in insurance premiums.

When considering your deductible, a good rule of thumb is that the lower your deductible, the higher your premiums. Therefore, you may want to think about setting a higher deductible if you are hoping to pay lower home insurance premiums. It's worth calling out that a homeowners deductible should only be as high as you can reasonably pay in the event of a loss.

The table below displays the average premiums associated with most deductibles.

HOME INSURANCE PREMIUMS BY DEDUCTIBLE LEVEL IN VIRGINIA BEACH

Deductible Level	Average Annual Homeowners Insurance Rate
$500	$1,885
$1,000	$1,763
$1,500	$1,678
$2,000	$1,599
$5,000	$1,400

 

Home and auto insurance bundling in Virginia Beach

One way to save on insurance costs is to think about bundling your homeowners and auto insurance policies through the same company. Bundling your homeowners and auto insurance is one way to save substantially on your monthly car insurance premiums. In fact, bundling policies in Virginia Beach leads to average annual savings of 7%.

CHEAPEST CAR INSURANCE RATES WITH HOME BUNDLE IN VIRGINIA BEACH

Company	Avg. Annual Auto Insurance Rate (With Bundle)
USAA	$784
GEICO	$811
State Farm	$821
Erie	$822
Progressive	$875