Virginia Homeowners Insurance
Quote in 60 SecondsEveryone knows that Virginia is for lovers, but do they know why? This motto represents VA because of the abundance of forests, mountains, beaches, and historic landmarks that draw in outdoor and history lovers alike. But we aren’t here to give you a history lesson on a state you likely know so well. Instead, we’re here to do what we do best: offer great home insurance in Virginia.
Whether you moved to Virginia for the oysters, the scenic views or to live in a historic home, we’ve got you covered with top-tier home insurance protection. Read on for everything you need to know about getting your VA home covered.
How much is homeowners insurance in Virginia?
Homeowners insurance in Virginia costs an average of $1,123 a year, or about the same as 28 dozen of Virginia’s famous oysters. Since this is a bit lower than the nationwide average of $1,200, VA is one of the more affordable states for home insurance coverage. The most expensive states? That’d be Louisiana and Florida.
What factors influence my home insurance rate?
The cost of home insurance in Virginia is due to the state’s tendency to experience natural disasters such as hurricanes, tornadoes, and winter storms. Of course, your actual premium will vary depending on your home’s age and location. Who you get your policy from matters too, as some insurance companies will charge you extra for protection that other companies (like us) add to every policy for free.
Virginia Home Insurance Premiums
What does Virginia home insurance cover?
Just like the 100+ mermaid statues that cover the city of Norfolk, your home insurance coverage should be vast and plentiful. All home insurance policies will cover your dwelling, personal property and liability. Many will even provide extra coverage for additional structures on your property and loss of use coverage should your home become uninhabitable due to a covered peril.
Due to VA’s natural weather conditions, you may want to consider a few insurance riders to give yourself extra protection from the humid conditions. This includes riders like mold insurance and water backup coverage to keep you financially protected should your home begin to sprout potentially toxic mold or suffer water damage.
Virginia Insurance Coverage Options
Traditional coverage
Structure
Expenses
Protection
Structures
Possessions
Supplemental coverage
Tips for lowering home insurance rates
Did you know that Virginia is known as the mother of states and of presidents? Though mothers are known for teaching their kids how to save money by clipping coupons or bargain hunting, there’s no need to call her to ask how to save on your home insurance policy. Your home state (and Hippo) have you covered.
Most insurance providers will offer discounts for installing smart home devices throughout your home (we even offer smart home kits with each policy), especially if those devices can help prevent damage (like a water leak detector or humidity sensor).
Here at Hippo, we actually provide the devices free of cost to make sure you can proactively take care of your home as well as get this discount. Other ways to possibly get a discount on your home insurance premium are keeping up with seasonal home maintenance tasks and upgrading crucial features like roofs, windows or HVAC units when necessary.
Virginia home insurance resources
There are numerous opportunities to learn within the borders of Virginia. Just visit one of the many historic homes of our past presidents, military museums or higher education institutions to see what we mean. But when it comes to learning about home insurance, you may be wondering what resources Virginia offers.
The Virginia State Corporation Commission provides a breakdown for plenty of questions that come to mind when you’re buying a home insurance policy. Want more information? Check out our home insurance learn center, where we cover unique topics like owner’s title insurance, enhanced title insurance and force-placed insurance.
National Flood Insurance Program
Though Virginia hasn’t seen a significant flood since the mid-‘90s, this coastal state is still prone to thunderstorms, severe rain and hurricanes that can cause flood or water damage. To adequately protect your home, you’ll need to purchase a flood insurance policy. Sold through the National Flood Insurance Policy (NFIP), most private insurers will offer this protection for an extra cost.
Fair Access to Insurance Requirements Plan
Suppose you have trouble getting home insurance coverage or have been suddenly dropped from your current provider. In that case, Virginia’s Fair Access to Insurance Requirements Plan (FAIR) — run by the Virginia Property Insurance Association — is here to help. As long as you have at least three unsuccessful attempts to acquire coverage under your belt, you’ll qualify for FAIR. However, this coverage is pretty limited, so it should be considered a last resort.
Given that West Virginia is known to be Almost Heaven (according to John Denver, at least), Virginia has to be pretty close as well. With beautiful landscapes, great food and plenty of trails to hike or bike, what more could you ask for? A properly protected home, maybe? Call us, and we can get you an insurance policy for less than you’d think.
