Best Norfolk Homeowners Insurance Quotes (2025)
Narragansett Bay, Chubb, and State Farm offer the best homeowners insurance policies in Norfolk, Virginia.
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Written byJanet Berry-Johnson
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8+ years writing about insurance, taxes, and personal finance
Certified public accountant
Janet applies her experience in personal finance, taxes, and accounting to make complex financial topics accessible. Her byline has appeared on numerous web media.
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Edited byBecky Helzer
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Becky Helzer is an editor at Insurify. She loves helping writers express their ideas clearly and authentically. With a diverse background in editing everything from curriculum and books to magazine articles and blog posts, she’s worked on topics ranging from home finance, insurance, and cloud computing to the best tools for home improvement.
A proud graduate of Colorado State University with a degree in technical journalism, Becky lives in Fort Collins, CO, with her husband and their two spoiled rescue dogs.
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Table of contents
Norfolk is located along Virginia’s coast, which means homeowners face higher risks of flooding and wind damage from hurricanes and tropical storms.[1] Those risks make home insurance in Norfolk more expensive than Virginia’s annual average of $1,717. For this reason, it’s wise to compare home insurance quotes to ensure you get the best rate for the coverage you need.
Norfolk homeowners pay an average of $2,678 annually for a policy with $300,000 in dwelling coverage and a $1,000 deductible. If you’re considering buying a home in Norfolk (or looking for coverage on the home you already own), remember that standard home insurance typically doesn’t cover flood damage.[2] You may want to add flood insurance or extended windstorm coverage for better protection.
Quick Facts
Narragansett Bay Insurance Company offers the lowest average homeowners insurance rates in Norfolk.
Standard home insurance policies don’t cover flood damage, so you’ll need to purchase a separate policy.
Some policies include a separate percentage-based wind or hurricane deductible, which can significantly increase your out-of-pocket costs after a storm.[3]
Best home insurance companies in Norfolk
Norfolk homeowners have access to many reputable insurance companies offering a variety of policies to suit different needs. While rates and coverage options vary, each company has benefits, whether it’s strong customer service, local expertise, or customizable coverage and discounts.
The best homeowners insurance company depends on your property type, location, risk factors, and budget. That said, these are some of the top home insurers serving the Norfolk area.
Best company for cheap coverage: Narragansett Bay Insurance
Although Narragansett Bay Insurance isn’t a household name, it’s one of the cheapest insurers for Norfolk residents. Norfolk has many historic properties that may not qualify for standard coverage from larger insurance companies, making Narragansett a good fit for homeowners with older homes. And since this regional insurer focuses on coastal and mid-Atlantic states, it’s a strong match for local risks. It also offers flood coverage as an optional add-on.
Pros
Competitive premiums for older or coastal homes
Many available discounts
Cons
Limited online tools and no mobile app
Not rated by J.D. Power, making service quality tough to benchmark
Best company for customer service: Chubb
ChubbCompare personalized, real-time quotes
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 7.8/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $105/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $173/mo |
Chubb consistently earns accolades for claims handling and policyholder satisfaction. Since it has a strong presence in the high-value home market, it’s well suited to Norfolk homeowners with premium or custom-built homes. In addition to risk consulting, Chubb offers extended replacement cost and quick claims processing, which are especially helpful after a severe storm.
Pros
Highest overall J.D. Power customer satisfaction ranking[4]
Some policies offer extra protection for high-value property
Cons
Policies are best suited to higher-value homes
Fewer discounts than some competitors
Best company for customizable coverage: State Farm
State FarmCompare personalized, real-time quotes
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 8.2/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $144/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $199/mo |
State Farm delivers its insurance products through a strong network of local agents. The company also offers many endorsements, so it’s a solid option for Norfolk homeowners who want to tailor their coverage. From add-ons like water backup protection to discounts for bundling and installing security devices, State Farm gives homeowners tools to build a policy that fits their property and budget.
Pros
Mobile app for online quotes and policy management
Strong reputation and extensive industry experience
Cons
Premiums can be higher than those of competitors
Fewer discounts than some competitors
Our editorial team analyzed regional and national home insurance companies that sell policies in Norfolk to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.
Cheapest home insurance companies in Norfolk
Narragansett Bay Insurance Company offers some of the lowest average home insurance premiums in Norfolk, making it a top choice for cost-conscious homeowners. The table below shows other affordable insurers in the city for policies with $300,000 in coverage and a $1,000 deductible.
Insurance Company  | Average Annual Premium |
|---|---|
| Narragansett Bay | $1,112 |
| Cincinnati Insurance | $1,450 |
| Homeowners of America | $1,605 |
| Donegal Mutual | $1,683 |
| Armed Forces | $1,695 |
| Universal P&C | $1,720 |
| National Grange | $2,090 |
| Allstate | $2,263 |
| State Farm | $2,359 |
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How much is home insurance in Norfolk?
Homeowners in Norfolk pay an average of $2,678 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible. Several factors influence your premium, including the home’s age and construction type, proximity to the coast, your claims history and credit history, and the type of coverage you choose.[5]
Homes in flood-prone or wind-exposed areas usually cost more to insure due to increased risk.
Cost of home insurance by dwelling coverage in Virginia
As your dwelling coverage increases, so does the cost of your homeowners insurance. That’s because higher coverage limits mean your insurance company would have to pay more to rebuild your home after a total loss.
The table below shows the average cost of home insurance for different levels of dwelling coverage in Virginia. This can give you an idea of how much your insurance might cost based on your home’s replacement cost.
Coverage Limit | Average Annual Premium |
|---|---|
| $100,000 | $862 |
| $200,000 | $1,277 |
| $300,000 | $1,717 |
| $400,000 | $2,162 |
| $500,000 | $2,635 |
Cost of homeowners insurance by deductible amount
Your deductible is the amount you agree to pay out of pocket before your insurance coverage kicks in after a claim.[6] Choosing a lower deductible means paying a higher premium in exchange for your insurance company covering more.
On the other hand, opting for a higher deductible lowers your premium but increases your out-of-pocket costs if you file a claim. It’s a trade-off between up-front cost and financial risk.
The following table shows the averages for different deductibles for a $300,000 dwelling coverage policy in Norfolk, Virginia.
Deductible Amount | Average Annual Premium |
|---|---|
| $500 | $2,788 |
| $1,000 | $2,678 |
Average cost of home insurance in other cities in Virginia
Home insurance rates vary by city — and even by ZIP code within the same city — due to factors like home construction type, proximity to hydrants and fire stations, and storm exposure. In Virginia, homeowners in coastal cities like Norfolk and Virginia Beach tend to pay more for home insurance than those in inland areas like Charlottesville and Fredericksburg due to the increased threat of hurricanes.
The table below shows average annual premiums for $300,000 in dwelling coverage with a $1,000 deductible in several Virginia cities.
City | Average Annual Premium |
|---|---|
| Charlottesville | $1,273 |
| Arlington | $1,300 |
| Fairfax | $1,310 |
| Woodbridge | $1,330 |
| Fredericksburg | $1,332 |
| Annandale | $1,338 |
| Richmond | $1,624 |
| Virginia Beach | $2,542 |
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What to know about owning a home in Norfolk
Owning a home in Norfolk comes with both charms and challenges. With its waterfront views and historic neighborhoods, the city’s desirable location is a major draw. But it can also mean higher property values, which can drive up home insurance premiums. Also, Norfolk’s proximity to the coast makes it especially vulnerable to flooding and wind damage from hurricanes and tropical storms.
Standard homeowners insurance policies don’t cover flood damage. To protect your property, you’ll need to purchase a separate flood insurance policy. Flood insurance may be available from your existing home insurance company, from another private insurer, or through the National Flood Insurance Program (NFIP).
Remember, some home insurance policies include a separate hurricane or wind deductible. Rather than a flat dollar amount, this deductible may be a percentage of your dwelling limit. For example, if your home is insured for $300,000 and you have a 2% wind deductible, you’d need to pay $6,000 out of pocket for wind-related damage before your insurance kicks in.
Norfolk home insurance FAQs
Shopping for home insurance in Norfolk can raise a lot of questions. Below are answers to some of the most common questions to help you make informed choices.
The average cost of home insurance in Norfolk is about $223 per month for a $300,000 dwelling coverage policy with a $1,000 deductible. If you add flood coverage or choose higher dwelling, liability, or personal property limits, your total premium may be higher.
Narragansett Bay Insurance offers some of the lowest rates in Norfolk, with an average annual premium of $1,112 for $300,000 in dwelling coverage with a $1,000 deductible.
The best way to buy homeowners insurance is to compare quotes from multiple insurance companies online or through an independent agent. This allows you to evaluate coverage options, deductibles, and discounts to find the right balance of coverage and affordability.
Yes, you can change your home insurance policy at any time. To avoid gaps in coverage, coordinate your new policy to start the same day your old one ends.
The 80/20 rule in home insurance means you should insure your home for at least 80% of its replacement cost. If you’re underinsured, your insurance company may not fully cover a claim.
Methodology
Insurify data scientists analyzed rates from more than 180 home insurance companies sourced directly from Insurify’s partner companies and Quadrant Information Services. Rates span all 50 states and Washington, D.C., and quote averages represent the mean price for a given coverage level and geographic area. To ensure data reliability, only insurers meeting minimum quote thresholds were included in the analysis.
Unless otherwise specified, quoted rates reflect the average cost for homeowners with no prior claims and good credit with a home construction year of 1980. The default coverage assumptions include:
Default Coverage Assumptions
- Dwelling coverage: $300,000
- Deductible: $1,000
- Personal property limit: $25,000
- Liability limit: $300,000
Additional data points beyond these default values are sourced from Insurify’s proprietary database. Rates are updated monthly.
Sources
- City of Norfolk. "Flooding Awareness & Mitigation."
- FEMA. "Flood Insurance."
- Insurance Information Institute. "Background on: Hurricane and windstorm deductibles."
- J.D. Power. "2024 U.S. Home Insurance Study."
- Insurance Information Institute. "12 Ways to Lower Your Homeowners Insurance Costs."
- Insurance Information Institute. "Understanding your insurance deductibles."
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Janet Berry-Johnson
Janet Berry-Johnson, CPA is a freelance writer with a background in accounting and income tax planning and preparation. She's passionate about making complicated financial topics accessible to readers. She lives in Omaha, Nebraska with her husband and son and their rescue dog, Dexter. Visit her website at www.jberryjohnson.com.
Janet has been a contributor at Insurify since October 2022.
Becky Helzer is an editor at Insurify. She loves helping writers express their ideas clearly and authentically. With a diverse background in editing everything from curriculum and books to magazine articles and blog posts, she’s worked on topics ranging from home finance, insurance, and cloud computing to the best tools for home improvement.
A proud graduate of Colorado State University with a degree in technical journalism, Becky lives in Fort Collins, CO, with her husband and their two spoiled rescue dogs.