Virginia Beach ,VA Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Virginia Beach, VA homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Virginia Beach, VA is $1462. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Virginia Beach, VA. VHome Insurance will help you navigate the world of homeowners insurance coverages in Virginia Beach, VA.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $585 |
| $200,000 | $994 |
| $300,000 | $1,228 |
| $400,000 | $1,871 |
| $500,000 | $2,354 |
Home insurance costs in Virginia Beach can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 023451 | $1,473 |
| 23456 | $1,422 |
| 23454 | $1,400 |
| 23455 | $1,402 |
| 23464 | $1,378 |
| 23452 | $1,376 |
| 23462 | $1,354 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Virginia Beach, VA, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,499 |
| $1000 Deductible | $1,341 |
| $1500 Deductible | $1,265 |
| $2500 Deductible | $1,140 |
| $5000 Deductible | $965 |
| Home Insurance Company Near Virginia Beach, VA | Homeowners Insurance Agency Near Virginia Beach, VA | Address |
|---|---|---|
| Travelers | Budget Insurance Agency | 110 DARE RD STE D, YORKTOWN, VA, 23692 |
| State Farm | David Borland | 1490 Quarterpath Rd Ste 5D, Williamsburg, VA, 23185-6544 |
| State Farm | Garry Price | 1515 N Military Hwy, Norfolk, VA, 23502-1837 |
| Travelers | Insurance Agency Services Llc | 1057 PRINCESS ANNE BLVD, VIRGINIA BEACH, VA, 23457 |
| Nationwide | Mayo Insurance Agency Inc | 1917 Laskin Road STE 101, Virginia Beach, VA, 23454-4283 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Norfolk city, Virginia | $92 | $122 | $183 |
| Chesapeake city, Virginia | $94 | $125 | $187 |
| Portsmouth city, Virginia | $91 | $121 | $181 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Virginia Beach, VA | 3.4% | 11.0% |
| Norfolk | 3.72% | 11.57% |
| Chesapeake | 3.3% | 11.7% |
| Portsmouth | 4.0% | 11.65% |
| Virginia Beach Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $300 to $499 | 730 | 1.0% | $1230 |
| $500 to $749 | 2,127 | 3.0% | $1905 |
| $750 to $999 | 10,767 | 19.0% | $2655 |
| $1,000 to $1,499 | 26,705 | 47.0% | $3780 |
| $1,500 or more | 14,576 | 26.0% | $5430 |
| Streets in Virginia Beach Area | Homeowners Insurance Cost |
|---|---|
| Rip Rap Ct, Hillsboro Quay, Lee Rd, Fort Belvoir Dr, Chatham Ln, Industrial Park Rd, Cheval Cir, Gates Landing Rd, Trapelo Ct, Twohy Ln | $745 |
| Brices Ln, Larkins Lair Ct, Seaboard Rd, Brockie Cir, Boxhill Rd, Corvette Ln, Spencer Ct, Grand Cir, Kirkwood Ln, Sunstream Pkwy | $737 |
| Constitution Dr, Magnolia Run Cir, 27 1/2 St, Level Green Ct, Crane Cres, Handcross Way, Applewood Ln, Camrahn Bay Rd, Gadwall Pl, Capot Rd | $744 |
| Teal Duck Ct, Urban Ct, Smokehouse Rd, Frazier Ln, Marian Ln, Barcelona Ct, Malcom Ct, Taylor Farm Ct, Hannah Ln, Mojave Ct | $741 |
| Battery Rd, Lord Seaton Cir, Trumpet Vine Ct, Locust Grove Ln, Timber Run, Cedar Ln, Condor St, Wysong Ct, 49th St, Houdon Ln | $725 |
| Bracken Ct, Nawney Creek Rd, Wilson Creek Rd, Chatterton Dr, Essex Ct, Cranston Ln, Grey Friars Chase, Athens Blvd, Belmont Ct, Landstown Rd | $764 |
| Furrow Reach, Lateener Ct, Executive Blvd, Sunland Dr, Coffee Ct, Saw Mill Ct, St Davids Pl, Fieldstone Cir, Whiteface Cir, Peony Arch | $757 |
| Bancroft Dr, 30th St, Vincent Ct, Petite Ct, Laurie Ct, Sir Barton Dr, Vantage Pt, Laurel Ln, Anoka Ave, Verano Ct | $761 |
| Windsor Lake Pl, Rutland Dr, Caddoan Turn, Sutton Pl, Woods Edge Rd, Fence Post Ct, Hearthside Ln, Strawflower Ct, Westhaven Cres, Banyan Dr | $760 |
| Bordeaux Ct, Sedgefield Ave, Glen Ellert Ct, Siena Ct, Mary Lou Ct, Arvida Ln, Hunt Necks Ct, Conestoga Rd, Burton Station Rd, Haden Rd | $765 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Virginia Beach | $112 to $114 |
| Norfolk | $109 |
| Chesapeake | $112 |
| Portsmouth | $108 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $600 | $2,600 |
| Yearly Virginia Beach Homeowner Insurance Premium Example | $1,300 | $900 |
| Out of Pocket Expense During Claim | $600 | $2,600 |
| Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim | $9,700 | $8,900 |
| Net Savings to Virginia Beach Home Owner from High Deductible Plan | $800 | |
| Scenario | Virginia Beach, VA Home Replacement Value MORE than Home Value | Virginia Beach, VA Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $252,000 | $198,000 |
| Insurance Premium based on Replacement Value | $1,250 | $1,000 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $27,000 | Risk Exposure from Under Insuring Coverage is $27,000 |
| Premium Impact | Insurance cheaper by $125/year | Insurance costlier by $125/year |
| Insurance Company | State Farm | Allstate | Liberty Mutual |
| Monthly Premium | 114 | 77 | 137 |
| Year Built | 2014 | 2004 | 1985 |
| Home Details | 3 Beds, 2 Baths | 4 Beds, 2 Baths | 5 Beds, 4 Baths |
| Coverage Amount | $300000-$350000 | $250000-$300000 | $300000-$350000 |
| Deductible | $500- $1000 Deductible | $5000 to $10,000 Deductible | $500- $1000 Deductible |