Richmond, VA Home Insurance - Analysis On Quotes, Rates & Agents

Richmond, VA Insurance Rates:

vHome Insurance undertook a detailed analysis of the cost of insurance in different cities of the country. This analysis helped in narrowing down the list of the top home insurance providers in Richmond, VA. The average cost of insurance in Richmond, VA is $887. The following analysis stresses the importance of comparing multiple quotes. Enter your Zip Code in the banner below to get instant home insurance quotes.

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Average Home Insurance Premium in Richmond, VA

National Average Premium State Average Premium Richmond Average Premium
$1,438 $952 $887

Top Home Insurance Companies in Richmond, VA | Back to Top

The following is a list of home insurance companies that provide the best home insurance quotes in Richmond, VA.

Company Name Coverage $70,000 Coverage $150,000 Coverage $200,000 Coverage $350,000
Safeco $806 $968 $1,258 $1,736
Travco $936 $1,123 $1,460 $2,015
Virginia Farm Bureau $816 $979 $1,273 $1,756
Erie Insurance $1,093 $1,312 $1,705 $2,353

Richmond, VA Homeowners Insurance for Different Coverages | Back to Top

Coverage Type Home Insurance Cost($)
$100,000 To $124,999 485.76
$150,000 To $174,999 626.69
$175,000 To $199,999 740.81
$200,000 To $249,999 872.07
$250,000 To $299,999 1,307.16
$300,000 To $399,999 1,632.41
$400,000 To $499,999 2,048.02
$500,000 To $749,999 2,621.47
$750,000 To $999,999 3,031.07
$1000,000 To $1499,999 3,338.27
$1500,000 To $2000,000 3,584.04

Visual Guide for Richmond, VA Home Insurance Buyers on Insurance Companies and Rates

Top Home Insurance Agents Near Richmond, VA | Back to Top

Home Insurance Company Near Richmond, VA Homeowners Insurance Agency Near Richmond, VA Address
State Farm Anthony Pressley Iv 10270 Staples Mill Rd, Glen Allen, VA, 23060-3064
Travelers Insurance Agency Services Llc 15971 GOODES BRIDGE RD, AMELIA, VA, 23002
State Farm John Patterson 10148 W Broad Street, Glen Allen, VA, 23060-6760
Liberty Mutual Mark Creason 15521 Midlothian Turnpike Suite 401, Midlothian, VA, 23113
Erie Williamsburg Insurance Assoc 211 Bulifants Blvd Suite C, Williamsburg, VA, 23188

List of Richmond, VA Home Insurance Agents by Companies

Richmond, VA Homeowners Insurance Rates Based on Claims Filed | Back to Top

A discount of $124.18 on the home insurance premium is offered to Richmond, VA homeowners who have no previous history of claims filed, Richmond, VA homeowners with one claim have to file an additional home insurance rate of $71, while Richmond, VA homeowners with 2 claims have to pay $106 more for their home insurance premium.

Type of Claim Homeowners Insurance Cost Increase/Decrease($) Homeowners Insurance Cost($)
No Claim Discount -124 763
One Claim +71 958
Two Claim +106 993

Richmond, VA Homeowners Insurance by Zip Code | Back to Top

Zip Code Median Home Value($) Home Insurance Cost($)
23221 335,700 852
23226 286,000 843
23220 231,600 899
23219 227,300 825
23236 220,900 899
23294 200,500 899
23225 193,800 834
23231 189,500 843
23237 173,100 899
23223 159,000 838
23222 128,200 860
23224 125,000 843

Factors Affecting Home Insurance Premiums in Richmond, VA

Richmond, VA homeowners pay an average home insurance premium of $887. Homeowners in Richmond, VA can lower their home insurance premiums by considering various factors. vHomeInsurance lists the factors that could help homeowners reduce their home insurance premiums.

Richmond, VA Home Insurance Premium Based on the Number of Bedrooms | Back to Top

Bedroom Size Average Homeowners Insurance Cost($)
2 Bedroom 693
3 Bedroom 742
4 Bedroom 1,583
5 Bedroom 2,226

Richmond, VA Home Insurance Premiums for Different Deductibles | Back to Top

Richmond, VA Homeowners with a deductible of $500 pay a higher amount for home insurance, while Richmond, VA homeowners who pay a deductible of $2500 pay a lower amount on their home insurance, as seen in the table below.

Deductible Type Average Homeowners Insurance Cost($)
$500 Deductible 876
$1000 Deductible 793
$1500 Deductible 746
$2000 Deductible 677
$2500 Deductible 637

Richmond, VA Homeowners Insurance Premium Based on the Age of the Home | Back to Top

Homeowners in Richmond, VA pay a much lower home insurance rate if their homes are newly constructed. Homeowners with homes that are older than 50 years pay a much higher rate on their home insurance premium as seen in the table below.

Home Age Homeowners Insurance Cost($)
Newly Constructed Home 674
Year 30 Old 900
Year 40 Old 910
Year 50 Old 921
Above Year 50 930

Richmond, VA Homeowners Insurance Cost Based on the Construction Type of the Home | Back to Top

Construction Type Home Insurance Cost Savings($) Home Insurance Cost($)
Fire Resistive 89 798
Masonry 44 843
Brick 44 843
Superior 89 798
Hail Resistant Roof 18 869

Top Saving Tips on Richmond, VA Homeowners Insurance | Back to Top

Richmond, VA Homeowners can earn discounts on homeowners insurance based on the construction type of their home. Homes that are built using damage-resistant materials are considered a safe bet for home insurance companies. Richmond, VA Homeowners can also choose to bundle their home and auto insurance policies to further reduce their home insurance premium. Apart from this, senior citizens also receive substantial discounts from home insurance companies. Homes equipped with home security devices are less prone to burglaries. As a result, Richmond, VA homeowners receive attractive discounts from home insurance companies.

The tables below contain the complete list of discounts that Richmond, VA homeowners can take advantage of to increase their savings.

Richmond, VA Auto & Homeowners Insurance Bundling Discounts and Senior Citizen Discounts

Discount Type Home Insurance Cost Savings($) Home Insurance Cost($)
Bundle Discount 160 727
Retiree Discount (Senior Citizen Discount) 124 1,011
Newly Constructed Home 213 674

Richmond, VA Home Insurance Discounts for Home Safety Devices | Back to Top

Home Safety Devices Home Insurance Cost Savings($) Home Insurance Cost($)
Deadbolts 106 781
Fire Extinguishers 62 825
Smoke Detectors 115 772
Sprinkler System 62 825
Fire Alarm 62 825
Burglar Alarm 80 807
Lightning Protection 35 852

Latest Home Insurance Reviews

they give me some great offers for this that is really helpful for me.and the policies are quiet over step comparing to others.
State Farm
I would recommend State Farm because they do good work. There are a lot of good people that work there, and I am happy they are my company.
State Farm
I would recommend State Farm as they are very responsive on their customer care, they are also among the leading service providers in the state and their payout in case of any eventuality is generally very easy.
Farmer's Insurance
Farmers is great. They make sure you have the coverage you need and are much cheaper than the competitors. With Farmers, you still have an agent's office you can visit.
good deductable s and premium s are right. I like what is provided then other competitor s . I am a satisfied costumer and recommend the same . Been with for years .
Goodville Mutual
I would recommend goodwill to anyone for their home insurance. i don't have one negative comment to say about them.
Geico relies on a partner network to underwrite its homeowners insurance policies, rather than doing it itself. In some ways, this is inconvenient, because when you need to file a claim.
My home insurance company offers many of the same benefits as other competitors. I am able to bundle multiple insurances which is important to me and my family.
I would recommend them as I find the agent I worked with to be efficient and knowledgeable, and the prices for the product are very competitive compared to other insurance companies for the same coverage.
Allstate offers multiple insurance types, from auto to home and renters insurance and others. Very satisfied.
Progressive is a well-known company with pretty comparative rates. they are offered in most places, therefore even when i moved from ny to nj, i was able to avoid the hassle of looking for a new company to get insured.
State Farm
State farms does not always keep the insured customer informed on things that may need to do to keep their rate low
Farmer's Insurance
I really wish that they were able to bundle my car insurance. It would be easier to just make one payment plus save me some money
I cannot think of anything that I specifically dislike. They're phone service may be a bit slow at times when trying to contact them. It may be a bit corporate in some cases.
Farmer's Insurance
I have found that FARMERS rates have been very competitive against other carriers and with bundled coverage has been able to save me a few hundred dollars per year.
Progressive's website is fairly standard. It is easy to use and easy to find information about my policy. I have never used the mobile app so I cannot evaluate that.
State Farm
I always forget my password and sometimes I cannot get it reset without calling. That is my least favorite part of the site. Otherwise, I can find out anything I want about my accounts. I can even change some aspects of my insurances.
There is nothing I can really say that I do or do not like about my insurance company. I can say that I like the plan they offered me for being a new homeowner.
Erie Insurance
State Farm
The prices are a little higher than many other insurance company charge
State Farm
I cannot recall a bad experience with the company. There was a rep that I didn't enjoy talking too because she would refuse to speak to me and only speak to my husband. I knew her from high school and we didn't get along but I spoke to her boss and they assist us a different rep. She was knowledgeable about the policy but her customer service to me sucked.
Erie Insurance
There are only two cons I have about this insurance company. One of which is the pricing. The other is that they are fairly strict. There was a time they wouldn't carry me (with sports) car under my parent's plan. It wasn't until a few years later after owning the car, they allowed me to get my own insurance through them.
Farmer's Insurance
I have always had great experiences with my insurance company, Farmers. Their customer service is exemplary and has handled every issue I've ever had in a short time. I would recommend them to anyone.
Erie Insurance
The company has provided me with a good policy and is competitive with everyone in the area. I like that they are reliable and always help me when problems arise.
I would recommend this company for home insurance because they offer great prices with low deductibles, and multiple options to best fit what you need.
Erie Insurance
I would strong recommend Erie Insurance for home insurance. They answer all my questions, are always willing to take a look at my concerns, and are quite affordable.
State Farm
Overall I would not change much about the company. They are friendly, polite, and offer a competitive service compared to other providers.
I like them overall but I would be open to trying out a different company if they offered better rates.
National General
I like that I get to work with one person from start to finish. I like that almost everything is covered for a reasonable price and I like the communication they have with me.