Alexandria, VA homeowners insurance is nearly $692 to $941, about $57-$78/month. Our thorough guide shows customers can save upto $326 by getting many quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
The average cost of homeowners insurance in Alexandria, VA, is $1560. Home insurance, also known as homeowners insurance, involves property protection, including losses occurring to one's home and its contents during unanticipated circumstances. Homeowners must consider purchasing home insurance in Alexandria, VA, to keep themselves financially protected.
Home insurance companies determine home insurance rates after considering several factors, including your house's size, location, age, credit history, risk of disaster or theft, features and upgrades that may help mitigate risk, construction materials, etc. Here are a few factors you may consider to avail discount on home insurance in Alexandria, VA.
a. By choosing a higher deductible
Your home insurance deductible plays an important role in how claims are paid. A deductible is an amount a homeowner pays out of their wallet towards the claim. If your claim is authorized, homeowners will receive payment from their insurance company for the total amount of damage minus their deductible. There is a wide range of deductibles offered to the homeowners. For example, homeowners paying a deductible of 500 and 1500 pay a premium of $1542 and $1313 on homeowners insurance in Alexandria, VA. In contrast, homeowners paying a deductible of 2000 and 2500 pay $1191.53 and $1120.08, respectively. Therefore, the higher the deductible, the lower the homeowners insurance rates in Alexandria, VA.
b. By installing security features
One practical advantage of maintaining a house with advanced security features is that the homeowner will be able to save money by availing of home safety features discounts. For example, a sprinklers system can help contain the loss of life and property damage by preserving the building's structural integrity while controlling heat strokes. They also act as a buffer giving you and others the time needed to get safely out of your home. Homes with sprinkler systems pay $1435.2 on home insurance in Alexandria, VA.
c. By maintaining a zero claims history
Zero claims are often synonymous with fewer damages or repairs to the house, so some insurance providers offer no-claim discounts on homeowners insurance in Alexandria, VA. For example, homeowners in Alexandria, VA, with zero claims history have to pay a premium of $1357.2. In contrast, homeowners with one or two claims must pay $1700.4 and $1762.8 on homeowners insurance in Alexandria, VA.
In Alexandria, Virginia, homeowners pay an average home insurance rate of $1,547, which is comparatively higher than the national average premium of $1,438. Below are some of the factors that Alexandria homeowners should consider before choosing the home insurance company that best suits their coverage needs.
A.M. Best Rating
Financial strength is referred to as the capacity of an insurance company to grant current policyholders’ claims. Alexandria homeowners are recommended to opt for home insurance companies with high financial strength ratings. A.M. Best rates home insurance companies based on their financial strength. Alexandria homeowners can use these ratings to identify home insurance companies with a high financial capacity.
J.D. Power Score
J.D. Power awards home insurance companies with a score based on the feedback collected from current policyholders. The customer satisfaction score of an insurance company is calculated using policy coverage, insurance rates, discounts, customer handling, and the speed at which a claim is processed. Alexandria homeowners can use the J.D. Power Score to choose insurance companies that ensure the satisfaction of policyholders.
Comparing Quotes
Home insurance companies use different parameters to calculate home insurance rates. Home insurance quotes can differ from one insurance company to another. Alexandria homeowners should obtain quotes from multiple home insurance companies to choose the cheapest one. Homeowners should also consider the add-on policies offered by home insurance companies, in addition to the standard home insurance policy.
Deductibles Vs. Insurance Rates
Alexandria homeowners can opt for high deductibles to lower their home insurance. The deductibles and the corresponding reduction in home insurance rates differ from one home insurance company to another. Alexandria homeowners are advised to choose the home insurance company that offers the highest discount for their deductibles.
Claims Processing Speed
Home insurance companies should be swift in processing the claims of homeowners. Homeowners are generally given a time period of 10 to 30 days to file a claim in case of damages. Once submitted, home insurance companies take a maximum of 40 days to review the claim and accept or deny it. Alexandria homeowners are suggested to choose home insurance companies with a simple and swift claims processing system.
Alexandria, VA Home Value | Total Homes | % of Total | Average Alexandria, VA Homeowners Insurance |
---|---|---|---|
Less than $50,000 | 285 | 2.0% | $40 |
$70,000 to $79,999 | 119 | 1.0% | $122 |
$100,000 to $124,999 | 380 | 3.0% | $187 |
$125,000 to $149,999 | 250 | 2.0% | $228 |
$150,000 to $174,999 | 582 | 5.0% | $277 |
$175,000 to $199,999 | 807 | 7.0% | $318 |
$200,000 to $249,999 | 2,103 | 18.0% | $383 |
$250,000 to $299,999 | 2,206 | 19.0% | $465 |
$300,000 to $399,999 | 4,278 | 38.0% | $595 |
Home Insurance Company Near Alexandria, VA | Homeowners Insurance Agency Near Alexandria, VA | Address |
---|---|---|
NA | H. U. Dove & Company, Inc. | 250 S President St Ste 3700, Baltimore, MD, 21202 |
Allstate | Colleen Wagschal | 9051 Red Branch Rd Ste J, Columbia, MD, 21045 |
Travelers | Dominion General Ins Agency Llc | 3421 COMMISSION CT STE 100, WOODBRIDGE, VA, 22192 |
Liberty Mutual Independent | Holden & Co Insurance Inc | 115 N Saint Asaph St, ALEXANDRIA, VA, 22314 |
Allstate | Susana Mccoy | 6813 Old Alexandria Ferry Rd, Clinton, MD, 20735 |
Streets in Alexandria Area | Homeowners Insurance Cost |
---|---|
Maris Ave, Edison St, Lambert Dr, US Hwy 1, Scarburgh Way, Campus Ln E, Boyle St, Hunting Creek Dr, Viewpoint Rd, Vos Ln | $805 |
N West St, N Quaker Ln, Bus Center Dr, Fitzgerald Ln, E Glebe Rd, Brawner Pl, Ashby St, W Glebe Rd, Moncure Dr, Laird Pl | $785 |
Bragg St, W Glendale Ave, Clyde Ave, W Monroe Ave, E Chapman St, W Linden St, N Paxton St, Little St, E Nelson Ave, Lane Dr | $915 |
Derby Ct, N Jordan St, E Custis Ave, Fort Ward Pl, Kenmore Ave, Monticello Blvd, W Mount Ida Ave, Davis Ave, Carriage House Cir, E Timber Branch Pkwy | $911 |
Ivanhoe Ct, Parkway Ter, Ripon Pl, Manning St, Keller Ave, Fairview Ct, Riddle Walk, Helmuth Ln, Ingle Pl, Osage St | $869 |
Hilltop Ter, S Van Dorn St, Adams Ave, E Luray Ave, N Early St, Fords Landing Way, N Gladden St, N Jordan Ct, Terrett Ave, Small St | $870 |
S Quaker Ln, S Saint Asaph St, N Washington St, Wythe St, Waple Ln, N Fayette St, Prince St, Wharf St, Janneys Ln, W Reed Ave | $888 |
Commerce St, Dawes Ave, E Mason Ave, Woodmire Ln, Richenbacher Ave, State Rte 241, W del Ray Ave, Guthrie Ave, Evans Ln, E Alexandria Ave | $858 |
W Mount Ida Ave, Burke Ave, N Pelham St, Harold Secord St, Catlin Ln, S West St, Brighton Ct, Lee Cir, Woodbine St, Archer Ct | $841 |
S Jenkins St, Halcyon Dr, Pierpont St, Tennessee Ave, Cloudes Mill Dr, N Pickett St, Lannon Ct, Fillmore Ave, Wellington Rd, Leslie Ave | $888 |
Place | Savings For Senior Occupied Homes |
---|---|
Alexandria | $121 to $123 |
Huntington | $115 |
Rose Hill | $119 |
Belle Haven | $114 |
Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
---|---|---|---|
Huntington CDP, Virginia | $115 | $153 | $230 |
Rose Hill CDP (Fairfax County), Virginia | $119 | $159 | $239 |
Belle Haven CDP, Virginia | $115 | $153 | $230 |
Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
---|---|---|
Alexandria, VA | 2.7% | 8.8% |
Huntington | 3.12% | 8.5% |
Rose Hill | 2.63% | 10.07% |
Belle Haven | 2.81% | 10.01% |
Alexandria Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
---|---|---|---|
Less than $200 | 387 | 1.0% | $299 |
$300 to $499 | 537 | 1.0% | $1199 |
$500 to $749 | 1,178 | 3.0% | $1874 |
$750 to $999 | 2,678 | 7.0% | $2624 |
$1,000 to $1,499 | 14,675 | 41.0% | $3749 |
$1,500 or more | 15,939 | 44.0% | $5399 |
Low Deductible | High Deductible | |
---|---|---|
Deductible | $1,800 | $2,800 |
Yearly Alexandria Homeowner Insurance Premium Example | $700 | $500 |
Out of Pocket Expense During Claim | $1,800 | $2,800 |
Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $7,400 | $6,800 |
Net Savings to Alexandria Home Owner from High Deductible Plan | $600 |
Scenario | Alexandria, VA Home Replacement Value MORE than Home Value | Alexandria, VA Home Replacement Value LESS than Home Value |
---|---|---|
Replacement Value | $380,500 | $264,000 |
Insurance Premium based on Replacement Value | $1,900 | $1,325 |
Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $79,000 | Risk Exposure from Under Insuring Coverage is $37,500 |
Premium Impact | Insurance cheaper by $175/year | Insurance costlier by $400/year |
Insurance Company | Erie Insurance | Farmers Insurance | State Farm |
Monthly Premium | 136 | 192 | 232 |
Year Built | 1961 | 2011 | 1990 |
Home Details | 2 Beds, 1 Baths | 3 Beds, 2 Baths | 4 Beds, 3 Baths |
Coverage Amount | $300000-$350000 | $500000-$600000 | $600000-$700000 |
Deductible | $500- $1000 Deductible | $500 Deductible | $500 Deductible |
Year Built | Home Value | Roof Type | Sqft | Number of Bedrooms | Deductible | Premium | Premium Months | Siding Type | Smoker/Non Smoker |
---|---|---|---|---|---|---|---|---|---|
1961 | 255,000 | Shingles Roof | 1,220 | 2 | $2500-$5000 Deductible | 240 | 3 | Stucco siding | No |
1965 | 215,000 | Shingles Roof | 1,140 | 2 | $500 Deductible | 360 | 3 | Fiber-Cement Siding | No |
1966 | 590,000 | Tile Roof | 2,340 | 3 | $1000-$2500 Deductible | 140 | 1 | Stone Siding | yes |
2010 | 400,000 | Tile Roof | 1,790 | 2 | $2500-$5000 Deductible | 340 | 3 | Vinyl siding | No |
1968 | 510,000 | Slate Shingles Roof | 2,120 | 3 | $500 Deductible | 2610 | 10 | Fiber-Cement Siding | yes |
1985 | 390,000 | Asphalt Shingles Roof | 1,800 | 4 | > $10,000 Deductible | 1090 | 10 | Stone Siding | No |
1990 | 240,000 | Asphalt Shingles Roof | 1,270 | 2 | $5000 to $10,000 Deductible | 380 | 6 | Vinyl siding | yes |
1994 | 590,000 | Metal Roof | 2,470 | 4 | $2500-$5000 Deductible | 610 | 4 | Vinyl siding | yes |
1997 | 395,000 | Asphalt Shingles Roof | 1,740 | 3 | $1000-$2500 Deductible | 120 | 1 | Stucco siding | No |
1966 | 685,000 | Tile Roof | 3,080 | 4 | $500- $1000 Deductible | 1040 | 6 | Wood siding | yes |
1984 | 245,000 | Metal Roof | 1,050 | 2 | > $10,000 Deductible | 470 | 10 | Stucco siding | No |
1997 | 515,000 | Wood Shake Roof | 2,110 | 4 | $500 Deductible | 1090 | 5 | Wood siding | yes |
1994 | 375,000 | Shingles Roof | 1,920 | 4 | $2500-$5000 Deductible | 550 | 6 | Fiber-Cement Siding | No |
1982 | 230,000 | Composition Roof | 1,120 | 2 | $1000-$2500 Deductible | 370 | 6 | Stucco siding | No |
1990 | 370,000 | Slate Shingles Roof | 1,710 | 2 | $500- $1000 Deductible | 1960 | 10 | Brick siding | yes |
1967 | 350,000 | Metal Roof | 1,370 | 2 | $1000-$2500 Deductible | 1300 | 10 | Wood siding | No |
1969 | 455,000 | Membrane Roof | 2,130 | 4 | $1000-$2500 Deductible | 1910 | 12 | Stone Siding | No |
1977 | 300,000 | Composition Roof | 1,640 | 2 | $2500-$5000 Deductible | 410 | 6 | Brick siding | yes |
1959 | 445,000 | Metal Roof | 2,330 | 4 | > $10,000 Deductible | 1140 | 12 | Stone Siding | No |
1968 | 570,000 | Slate Shingles Roof | 2,460 | 4 | $5000 to $10,000 Deductible | 140 | 1 | Brick siding | yes |
1989 | 435,000 | Metal Roof | 2,030 | 3 | $5000 to $10,000 Deductible | 800 | 7 | Brick siding | yes |
2001 | 440,000 | Metal Roof | 1,810 | 3 | $5000 to $10,000 Deductible | 200 | 2 | Stone Siding | yes |
1973 | 565,000 | Metal Roof | 2,340 | 4 | $5000 to $10,000 Deductible | 1390 | 7 | Stone Siding | No |
1987 | 625,000 | Metal Roof | 3,310 | 4 | $1000-$2500 Deductible | 2570 | 12 | Vinyl siding | yes |
1977 | 435,000 | Asphalt Shingles Roof | 1,930 | 3 | $500 Deductible | 750 | 5 | Stone Siding | yes |
2010 | 485,000 | Slate Shingles Roof | 2,400 | 3 | $500 Deductible | 2900 | 12 | Brick siding | yes |
1986 | 275,000 | Tile Roof | 1,170 | 2 | $1000-$2500 Deductible | 170 | 2 | Brick siding | yes |
2010 | 385,000 | Shingles Roof | 1,570 | 3 | > $10,000 Deductible | 580 | 6 | Vinyl siding | No |
1979 | 525,000 | Metal Roof | 2,030 | 3 | $2500-$5000 Deductible | 1310 | 7 | Fiber-Cement Siding | No |
1978 | 240,000 | Composition Roof | 919 | 1 | $2500-$5000 Deductible | 560 | 5 | Wood siding | yes |