Main Street America Insurance is the cheapest home insurance option for most homeowners in Virginia, with an average monthly savings of $424. Below is a summary of the most affordable providers in the state.
Cheapest Home Insurance in Virginia
Updated: May 27, 2025
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Key Takeaways
Main Street America Insurance offers the lowest-cost home insurance for older homes, newer homes and high-risk fire areas, with potential savings of up to 85%.
Chubb provides the cheapest homeowners insurance if you have bad credit, offering potential savings of up to 90%.
Main Street America Insurance offers the most affordable home coverage for those in high-risk fire areas.
What is the Cheapest Home Insurance in Virginia?
| Main Street America Insurance | $75 | $899 | 58% |
| Auto-Owners Insurance | $113 | $1,353 | 36% |
| State Farm | $119 | $1,427 | 33% |
| Chubb | $125 | $1,495 | 30% |
*These rates are based on a house built in 2000 with a $1,000 deductible, $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and class 3 fire protection. The insured is assumed to have good credit and no claims in the past five years.
THE CHEAPEST COMPANY MAY NOT BE THE BEST FOR YOU
While these companies may offer the lowest rates in Virginia, evaluating their customer service reputation and coverage options is important. To help, we’ve created a separate guide to the best home insurance companies in Virginia, providing a more comprehensive overview.
Cheapest Virginia Home Insurance Rates by Category
While we’ve listed the cheapest options for most homeowners, those rates may not reflect your specific situation. For instance, while Main Street America Insurance is typically the cheapest overall, it offers the best rates for newer homes. To help, we’ve outlined the cheapest companies on average for common categories.
| Main Street America Insurance | Older Homes | $75 |
| Main Street America Insurance | Newer Homes | $42 |
| Main Street America Insurance | Homes in High Risk Fire Areas | $82 |
| Chubb | Bad Credit | $125 |
*Rates are modified based on our methodology’s base profile. Newer home estimates are based on a home built in 2023, high-risk fire estimates are for a policy with 8-class fire protection, and bad credit rates assume a poor credit score on the FICO scale.
Compare Personalized Cheap Virginia Home Insurance
The companies listed above typically provide the best rates for their categories, but actual rates vary based on your unique profile. Use the filter below to get a personalized list of the cheapest providers for your situation.
Data filtered by:Results filtered by:
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Coverage Level:$250K Dwelling / $125K Personal Property / $200K Liability
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Deductible:1000
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Claims History:Claim free for 5+ years
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Credit Tier:Good
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Home Age:Older Homes
| Main Street America Insurance | $78 | $937 |
| Auto-Owners Insurance | $114 | $1,371 |
| State Farm | $119 | $1,427 |
| Chubb | $125 | $1,495 |
| Farmers | $160 | $1,924 |
Cheapest Virginia Home Insurance By City
Risk factors for insurers vary by location, making some providers more affordable than others. For example, Main Street America Insurance is the cheapest in most Virginia cities, while State Farm offers lower rates in Virginia Beach.
| Alexandria | Main Street America Insurance | $53 |
| Arlington | Main Street America Insurance | $54 |
| Chesapeake | Main Street America Insurance | $103 |
| Hampton | Main Street America Insurance | $123 |
| Newport News | Main Street America Insurance | $99 |
| Norfolk | Main Street America Insurance | $115 |
| Richmond | Main Street America Insurance | $68 |
| Virginia Beach | State Farm | $137 |
*These rates are based on a house built in 2000 with a $1,000 deductible, $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and class 3 fire protection. The insured is assumed to have good credit and no claims in the past five years.
How To Find the Cheapest Virginia Home Insurance for You
Finding affordable home insurance in Virginia can be challenging, but you can significantly lower your costs with some effort. Below are our core recommendations to help you maximize savings on your policy.
- 1
Determine your coverage needs
It's easy to get oversold on coverage when you don't have limits in mind before buying. Determine your home insurance coverage needs beforehand to avoid purchasing too much. Understanding the different types of home protection available helps ensure you don't miss something important.
- 2
Research home insurance cost information
Assess home insurance costs in Virginia to establish appropriate budget parameters. Be sure to discuss discount possibilities because these cost reductions require direct inquiry.
- 4
Compare multiple companies apples to apples
To ensure you’re getting a good deal, compare quotes for the same coverage. Once aligned, gather as many quotes as possible using different methods to find the best rate.
- 5
Use state-provided programs
If you have a high-risk profile and face coverage denials or unaffordable rates, Virginia offers a state program through the Virginia Property Insurance Association (VPIA). This program provides coverage for those denied by traditional insurers, often at a lower cost than insurers willing to approve you.
Cheap Home Insurance Virginia: Bottom Line
Main Street America Insurance, Auto-Owners Insurance, and State Farm offer Virginia's most affordable home insurance. If coverage is denied, Virginia's state program provides low-cost policies. However, always compare multiple insurers, investigate costs, and assess your coverage needs before making a decision.
Cheapest Home Insurance Virginia: FAQ
Below are answers to frequently asked questions about the cheapest home insurance in Virginia.
What is the cheapest home insurance company in Virginia?
Main Street America Insurance offers the lowest rates for newer homes in Virginia at $42 per month or $509 per year. However, homeowners with older properties or higher fire protection needs may find better rates with Main Street America Insurance.
How expensive is home insurance in Virginia?
Virginia has the 30th-highest home insurance rates in the U.S.
How much is home insurance in Virginia?
You should have enough home insurance to cover the full replacement cost of your home, your possessions, and additional risks specific to your area.
While home insurance is not mandated by law without a mortgage, mortgage lenders require sufficient coverage to replace your home in the event of total loss. It's essential to ensure your policy covers the value of your personal property and accounts for local hazards, as well as high-value or irreplaceable items.
How much home insurance do I need?
You should have enough home insurance to cover the full replacement cost of your home, your possessions, and additional risks specific to your area.
While home insurance is not mandated by law without a mortgage, mortgage lenders require sufficient coverage to replace your home in the event of total loss. It's essential to ensure your policy covers the value of your personal property and accounts for local hazards, as well as high-value or irreplaceable items.
How We Found the Cheapest Home Insurance Companies in Virginia
To determine the cheapest home insurance companies in Virginia, we assumed the following base profile:
- $250K dwelling coverage
- $125K personal property coverage
- $200K liability coverage
- Home built in 2000
- Frame construction
- Composition roof
- $1,000 all perils deductible
- No claims in the past 5+ years
- 3-class fire protection
All other combinations were adjusted based on this profile to provide a more accurate comparison for your specific situation. However, these figures are estimates, and we recommend comparing quotes from multiple providers to secure the best deal.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.