5 Best Virginia Beach Homeowners Insurance Companies (2025)
Virginia Farm Bureau and Allstate offer the best homeowners insurance policies in Virginia Beach.
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Written byJessica Martel
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Jessica is a freelance writer, professional researcher, and mother of two rambunctious little boys. She specializes in personal finance, women and money, and financial literacy. Jessica is fascinated by the psychology of money and what drives people to make important financial decisions. She holds a Masters of Science degree in Cognitive Research Psychology.
Jessica has been a contributor at Insurify since July 2023.
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Edited bySara Getman
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Sara Getman is an Associate Editor at Insurify and has been with the company since 2022. Prior to joining Insurify, Sara completed her undergraduate degree in English Literature at Simmons University in Boston. At Simmons, she was the Editor-in-Chief for Sidelines Magazine (a literary and art publication), and wrote creative non-fiction.
Outside of work, Sara is an avid reader, and loves rock climbing, yoga, and crocheting.
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Table of contents
Virginia Beach homeowners pay an average of $205 per month for $300,000 in dwelling coverage with a $1,000 deductible. This is higher than the state average of $128 per month for the same coverage.
As a coastal city, Virginia Beach experiences its share of hurricanes and storms, which can result in flooding and wind damage. While a standard home insurance policy covers wind damage in many cases, it doesn’t cover flooding. Homeowners in high-risk flood zones can access flood insurance through the National Flood Insurance Program (NFIP) or private insurers.[1]
Here’s what you should know about finding home insurance in Virginia Beach.
Quick Facts
Home insurance in Virginia Beach is slightly higher than the national average of $2,460 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible.
Virginia Beach has a higher risk index for natural hazards than 95% of other counties in Virginia.[2]
On average, homeowners in coastal areas like Virginia Beach pay higher premiums than homeowners in non-coastal cities like Charlottesville.
Best home insurance companies in Virginia Beach
If you’re searching for home insurance in Virginia Beach, you have plenty of quality insurance companies to choose from. Comparing multiple insurance companies will help you find the best home insurance for your needs and budget.
The table below highlights some of the best home insurance companies in Virginia Beach.
Cheap rates: Homeowners of America
Homeowners of America Insurance Company (HOAIC) got its start in 2005 in Delaware and has continued to expand into 22 states. HOAIC sells a variety of insurance products, including flood, landlord/dwelling fire, renters, and home insurance. But only homeowners and landlord/dwelling fire insurance are available in Virginia. If you want a policy with HOAIC, you’ll have to work with an independent insurance agent, as online quotes aren’t available.
Pros
24/7 insurance claim team
Customer service offered in Spanish
Cons
Not all coverage options and discounts are available in all states
Can’t get a quote online
Best insurer for active and retired military: Armed Forces Insurance
Military leaders founded Armed Forces Insurance (AFI) in 1887 with the goal of protecting those who protect the nation. Today, the company offers a wide range of insurance products, including life, auto, flood, pet health, mobile home, condo, and homeowners. These products are available to active-duty, retired, and honorably discharged members of all branches of the U.S. military, including the National Guard, Reserves, and Coast Guard.
With one of the largest populations of service members in the U.S., many Virginia residents might find AFI to be a good fit.
Pros
Wide range of insurance products
Several additional coverage options, including flood insurance and earthquake insurance
Cons
No mobile app
Only available to active and retired military and family members
Best insurer for high-value homes: Cincinnati Insurance
high-value homes
Cincinnati Insurance Companies
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| 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. | NR |
|---|---|
| JD Power J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale. | Not rated |
Cincinnati Insurance got its start in 1950 in Ohio. Today, the company operates in 46 states and offers a range of products, including home, auto, umbrella, and yacht insurance. The company offers home insurance tailored to clients with homes starting at $1 million. Since many luxury properties are in Virginia Beach, plenty of homeowners may benefit from this specialized coverage.
Pros
Wide range of add-on insurance options
Website offers a live chat feature
Cons
Can’t get a quote online
Not rated by J.D. Power for customer satisfaction
Best insurer for customer satisfaction: 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 |
|---|---|
| JD Power J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale. | 643 |
| $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. | $229/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. | $332/mo |
State Farm is the largest insurance company in the U.S. by market share. It offers a wide range of insurance products, including homeowners, rental property, business, life, health, pet, and auto. The company also offers banking and investment products for individuals and businesses. If you want an insurance company that offers a positive customer experience, State Farm has an above-average J.D. Power customer satisfaction rating.
Pros
Online homeowners insurance quotes available
Higher-than-average J.D. Power customer and claims satisfaction ratings
Cons
Not the cheapest rates in Virginia Beach
Fewer discounts than some competitors
Best for local service: Virginia Farm Bureau
virginia farm bureau
Compare 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. | NR |
|---|---|
| $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. | $126/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. | $195/mo |
With headquarters in Richmond, Virginia Farm Bureau is a great option for Virginia homeowners looking for a local insurance company. Originally, Virginia Farm Bureau specialized in the insurance needs of farms. Now, in addition to farm insurance, it offers a variety of other insurance products, including auto, renters, and homeowners insurance.
The company has some of the cheapest home insurance rates in Virginia, and it offers flood insurance. But to get insurance, homeowners need to have a Farm Bureau membership. Anyone is eligible, and it costs $40 per year.
Pros
Affordable coverage
AM Best financial strength rating of A (Excellent)
Cons
Need a Farm Bureau membership to be eligible
No discounts listed online
Our editorial team analyzed regional and national home insurance companies that sell policies in Virginia Beach 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.
How much is home insurance in Virginia Beach?
The average cost of homeowners insurance in Virginia Beach is $2,460 per year, or $205 per month, for a policy with a $1,000 deductible and $300,000 in dwelling coverage. In comparison, the state average for homeowners insurance in Virginia is $1,536 per year, or $128 per month.
Some factors that can affect home insurance premiums include the age of your home, the amount of your deductible, and your claims history. Your ZIP code can also influence the cost of insurance if your area has higher rates of theft or is prone to natural disasters.
Living in a coastal area like Virginia Beach can often result in higher insurance premiums due to a higher level of risk.
Cheapest home insurance companies in Virginia Beach
A range of factors influence the cost of home insurance, including where you live, the age of your home, your credit history, and the type of coverage you choose.[3]
Virginia Farm Bureau offers the cheapest rates to homeowners in Virginia Beach, at an average annual cost of $2,340 for $300,000 of dwelling coverage.
The following table shows the cheapest home insurance companies in Virginia Beach.
The below rates are estimated rates current as of: Tuesday, October 7 at 12:00 PM PDT.
Insurance Company  | Average Annual Premium |
|---|---|
| Virginia Farm Bureau | $1,104 |
| Chubb | $1,332 |
| Allstate | $1,392 |
| Homeowners Of America | $1,620 |
| Mercury | $1,656 |
| Auto-Owners | $1,704 |
| Nationwide | $1,836 |
| State Farm | $2,052 |
| Travelers | $2,292 |
| Erie | $2,448 |
| Farmers | $2,472 |
| Encompass | $2,496 |
The below rates are estimated rates current as of: Tuesday, October 7 at 12:00 PM PDT.
Insurance Company | Average Annual Premium |
|---|---|
| Virginia Farm Bureau | $2,340 |
| Allstate | $2,568 |
| Nationwide | $3,012 |
| Homeowners Of America | $3,180 |
| Chubb | $3,192 |
| Auto-Owners | $3,504 |
| Mercury | $3,828 |
| State Farm | $3,984 |
| Encompass | $4,740 |
| Travelers | $5,040 |
| Erie | $5,616 |
| Farmers | $6,432 |
The below rates are estimated rates current as of: Tuesday, October 7 at 12:00 PM PDT.
Insurance Company | Average Annual Premium |
|---|---|
| Virginia Farm Bureau | $3,516 |
| Allstate | $3,552 |
| Nationwide | $3,888 |
| Homeowners Of America | $4,536 |
| Chubb | $4,632 |
| Mercury | $5,028 |
| Auto-Owners | $5,148 |
| State Farm | $5,388 |
| Encompass | $6,372 |
| Travelers | $7,176 |
| Erie | $8,592 |
| Farmers | $10,212 |
How much homeowners insurance do you need in Virginia Beach?
If you take out a mortgage on your home, your lender will require you to purchase a home insurance policy. The most common mistake people make when buying homeowners insurance coverage is not buying enough.[4]
To make sure you have adequate coverage, consider how much it would cost to rebuild your home if it were totally destroyed. Then, take inventory of all your personal belongings and estimate what they’re worth. This will give you a good idea of how much insurance coverage you need.
Before purchasing a policy, make sure you understand exactly what it covers so you feel confident you have enough insurance.
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What to know about home insurance in Virginia Beach, VA
With miles of sandy beaches, cultural centers, and a vibrant financial district, it’s no wonder people want to live in Virginia Beach. But as a coastal city, it poses a number of risks to homeowners, such as flooding and storm surges, which can drive up the cost of homeowners insurance. Some of the most common perils in Virginia Beach include:
Floods
Due to its low elevation and proximity to water, Virginia Beach homes are susceptible to flood damage. If your home is partially or fully within a Special Flood Hazard Area, and you have a federally backed mortgage, you need to have a flood insurance policy. You can use the FEMA Flood Map Service Center to determine if you’re in a high-risk zone. Virginia Beach participates in the National Flood Insurance Program (NFIP), which helps homeowners in flood-prone areas find insurance.
Wind
Hurricane season runs from June 1 to Nov. 30 each year. Coastal homeowners, and even those hundreds of miles off the coast, can experience high winds. You’ll want to ask your insurer if your policy has a separate deductible for wind or hurricane losses.
Winter storms
While Virginia Beach has a moderate climate, homeowners can still experience winter storms that can include freezing rain, ice, snow squalls, and blizzard conditions. It’s important to make sure your house is properly protected. A standard homeowners insurance policy typically covers storm damage.
Average cost of home insurance in other cities in Virginia
Homeowners insurance rates in Virginia can vary between cities and different ZIP codes within a city. Factors like proximity to a fire station, crime rates, and extreme weather events can influence the cost of home insurance.
For example, homeowners in coastal areas like Virginia Beach pay higher premiums than homeowners in non-coastal cities like Roanoke because coastal cities face higher risks from severe storms and tropical cyclones.
The below rates are estimated rates current as of: Tuesday, October 7 at 12:00 PM PDT.
City | Average Annual Premium |
|---|---|
| Roanoke | $1,248 |
| Richmond | $1,452 |
| Virginia Beach | $2,460 |
Virginia Beach homeowners insurance FAQs
If you’re shopping for a home insurance policy in Virginia Beach, this additional information may help as you research your coverage options.
Home insurance in Virginia Beach costs $2,460 per year, or $205 per month, for a policy with $300,000 in dwelling coverage and a $1,000 deductible, Insurify data shows. Your home insurance rates will depend on many factors, including your ZIP code, the age of your home, the square footage of your home, and the coverage levels you choose.
Virginia Farm Bureau has the cheapest homeowners insurance in Virginia Beach, with an average monthly premium of $126.
The best home insurance companies in Virginia Beach include Homeowners of America, Armed Forces Insurance Exchange, Cincinnati Insurance, State Farm, and Virginia Farm Bureau.
But every home has unique needs, and every homeowner has a unique budget, so it’s important to compare multiple companies to find the best insurer for your home.
On average, it costs $263 per month to insure a $400,000 house in Virginia Beach.
No. Virginia doesn’t require homeowners insurance, but if you have a mortgage on your home, your lender will require it. Home insurance protects you financially if something damages your home and you have to make costly repairs, so it’s important to carry this coverage even if you’ve paid off your mortgage.
The overall average cost of homeowners insurance in Virginia is $1,536 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible. This is much lower than the average home insurance cost in Virginia Beach.
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.
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Sources
- City of Virginia Beach Planning & Community Development. "Floodplain Management."
- Federal Emergency Management Agency. "National Risk Index: Virginia Beach City, Virginia."
- National Association of Insurance Commissioners. "A Consumer's Guide to Home Insurance."
- Virginia State Corporation Commission. "Virginia Consumer's Guide for Homeowners Insurance."
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Jessica Martel
Jessica is a freelance writer, professional researcher, and mother of two rambunctious little boys. She specializes in personal finance, women and money, and financial literacy. Jessica is fascinated by the psychology of money and what drives people to make important financial decisions. She holds a Masters of Science degree in Cognitive Research Psychology.
Jessica has been a contributor at Insurify since July 2023.
Sara Getman is an Associate Editor at Insurify and has been with the company since 2022. Prior to joining Insurify, Sara completed her undergraduate degree in English Literature at Simmons University in Boston. At Simmons, she was the Editor-in-Chief for Sidelines Magazine (a literary and art publication), and wrote creative non-fiction.
Outside of work, Sara is an avid reader, and loves rock climbing, yoga, and crocheting.