The Best Cheap Renters Insurance in Virginia

Lemonade has the cheapest renters insurance quotes in Virginia. A policy costs $9 per month, on average.

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Choosing a renters insurance company is about finding the best combination of affordable prices, useful features and great customer service. We gathered more than 100 quotes from seven top companies to help you choose the best renters insurance in Virginia.


Cheap renters insurance quotes in Virginia

Lemonade offers the most affordable renters insurance in Virginia. A Lemonade policy costs $9 per month, or $106 per year, on average. That's 43% cheaper than the statewide average.

The average cost of renters insurance in VA is $15 per month, or $185 per year.

A bar graph showing the average costs of renters insurance in Virginia by company

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Virginia renters should also compare quotes from State Farm, where coverage costs around $11 per month, or $131 per year. A State Farm policy is only $2 per month more expensive than the cheapest company, Lemonade.

Cheapest renters insurance companies in Virginia

Monthly cost
Lemonade logo
State Farm logo
State Farm$11
Nationwide logo
Travelers logo
Amica logo
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Your renters insurance quotes depend on several factors, including the amount of coverage you choose, your location and claims history. That's why it's important to compare quotes from multiple companies to find the best price for you.

Best renters insurance for most people: Lemonade

  • Editor rating

  • Average monthly rate

    $9 ?

Pros and cons

  • Cheapest quotes in Virginia
  • Reliable customer service
  • Doesn't offer car insurance

Lemonade is the best renters insurance in Virginia for most people. It offers the cheapest renters insurance rates in the state and has great customer service reviews. The average cost of Lemonade renters insurance is about $9 per month, or $106 per year. This is $6 per month cheaper than the average cost of coverage in the state.

While Lemonade is the cheapest insurer, the company only offers two discounts to Virginia renters. You could save money by paying your annual premium up front or installing a security system in your home.

Because Lemonade doesn't currently offer car insurance in Virginia, renters can't take advantage of a multipolicy discount. Other insurance companies usually offer a considerable discount on both your renters and auto insurance for bundling policies.

Renters are generally happy with the service they receive from Lemonade. It earned the second-highest score in J.D. Power's customer satisfaction survey. Additionally, Lemonade gets fewer complaints than expected for its size, according to the National Association of Insurance Commissioners (NAIC).

Best for bundling insurance policies: State Farm

  • Editor rating

  • Average monthly rate

    $11 ?

Pros and cons

  • Low-cost coverage
  • Large bundling discount
  • Good customer service
  • Few coverage add-ons available

State Farm is the best insurer for renters who prefer to use one company for all their insurance needs. In addition to renters insurance, the company offers many insurance products, including car, life, health and business insurance.

State Farm renters insurance in Virginia costs about $11 per month — $4 per month cheaper than the state average. Renters with a car can save around 4.7% on their renters insurance by purchasing an auto insurance policy, too. It’s one of the largest discounts available for bundling renters and car insurance.

In addition, Virginia renters can count on State Farm to provide a stress-free claims experience. The company receives fewer complaints than competitors based on its size, according to the NAIC. It also earned an above-average score on J.D. Power's customer satisfaction survey.

State Farm renters insurance includes the same coverage typically offered by other providers. Renters can add identity theft protection and increase their liability coverage. However, State Farm doesn't offer popular upgrades like water backup coverage, which protects your belongings from water damage due to backed-up plumbing.

Best renters insurance for complete coverage: Nationwide

  • Editor rating

  • Average monthly rate

    $14 ?

Pros and cons

  • Lots of useful add-ons
  • Affordable rates
  • Customer service isn't outstanding

Although Nationwide isn't the cheapest provider in Virginia, it has an excellent range of coverage options. Renters can upgrade their coverage with replacement-cost coverage and water-backup protections — two practical add-ons for most renters. Nationwide also offers common add-ons like insurance, extra coverage for valuables and additional liability protection.

The average cost of Nationwide renters insurance is about $14 per month, or $167 per year. That's $1 per month cheaper than the typical price for renters insurance in Virginia. Nationwide offers a few opportunities to lower your premiums by bundling policies, installing security devices in your home and remaining claims-free.

Nationwide's customer service reviews are mixed. It receives fewer complaints than expected for its size, according to the NAIC. However, it earned a subpar score on J.D. Power's customer satisfaction survey. Virginia renters insured with Nationwide may find replacing damaged items more difficult than those who choose another company.

Best renters insurance for customer service: Amica

  • Editor rating

  • Average monthly rate

    $15 ?

Pros and cons

  • Dependable customer service
  • Lots of discounts
  • Not the cheapest company

Virginia renters can find a stress-free claims experience with Amica. It receives very few complaints compared to other insurers of a similar size, according to the NAIC. In addition, ValuePenguin editors gave Amica a high score based on its excellent customer service reviews, coverage options and the cost of coverage. That means renters can expect Amica to help get their life back to normal quickly after an emergency.

Renters insurance from Amica is affordable, although it's not the cheapest company in the state. A policy costs around $15 per month, which is the same as the Virginia state average. However, Amica offers several discounts to help renters lower their insurance premium. You can get save money by:

  • Purchasing car insurance from Amica
  • Signing up for automatic payments
  • Receiving bills and documents via email
  • Remaining claim-free for three years or more

The most unique discount from Amica is its loyalty discount. If you've been insured with your current company for two years or longer, Amica will automatically apply a discount when you switch.

Average cost of renters insurance in Virginia by city

The cheapest larger city for renters insurance in Virginia is Annandale, while the most expensive place to buy coverage is Norfolk.

Renters insurance costs in Virginia can vary by close to $8 per month among the state's larger cities. Renters in Norfolk pay an average of $19 per month for insurance. On the other hand, people renting in Annandale only pay around $11 per month for coverage.

Average annual cost
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Best renters insurance in Virginia

Amica offers the best-rated renters insurance in Virginia, based on ValuePenguin's multifactor formula.

Amica only receives about 12% as many complaints as a typical insurer of its size, according to the NAIC. ValuePenguin editors also gave it an excellent score based on customer service reviews, coverage availability and the overall value it provides for Virginia renters.

State Farm

It's important to consider customer service ratings when you're shopping for renters insurance. If you ever have to file a claim, a company with dependable customer service can help get your life back on track quickly. However, a company with poor reviews could make the claims process more difficult. That means you might end up paying more money out of pocket, or have to wait longer to replace your things.

What does renters insurance in Virginia cover?

Renters insurance companies should provide enough coverage to protect your belongings with a standard policy. A standard renters insurance policy should include the following coverage, at a minimum.

  • Medical payments coverage
  • Additional living expenses

In addition, many insurers offer extra coverage options that you can use to upgrade a standard policy. Some of the most common coverage add-ons that Virginia renters may find useful are:

  • Flood insurance: Protects your belongings from weather-related flooding, including hurricane damage.
  • Replacement cost coverage: Pays to replace your belongings with brand-new items after a loss, without factoring wear and tear into your payout.
  • Water backup coverage: Protects your belongings from water damage due to backed-up sewers or plumbing, or a faulty sump pump.
  • Valuable items coverage: Upgrades your personal property coverage to protect expensive jewelry, artwork, electronics and sports equipment. A basic policy doesn’t usually cover these items.

Frequently asked questions

How much is renters insurance in VA?

The average cost of renters insurance in Virginia is $185 per year, or $15 per month. Renters shopping for the cheapest coverage should consider Lemonade, where a policy costs around $9 per month.

Is renters insurance required in Virginia?

Virginia law does not require renters insurance. However, your landlord or property management company can legally require you to buy a policy as a part of your lease agreement.

How much is renters insurance in Richmond, VA?

Renters insurance in Richmond costs around $17 per month, which is 16% more expensive than average in Virginia. In comparison, renters living in Virginia Beach can expect to pay $18 per month for coverage.


We compared three factors to determine which renters insurance company is the best option for most people in Virginia:

  • Affordability: How much renters might pay for coverage.
  • Coverage options: Which features are offered by insurers, as well as the quality of a standard package.
  • Customer service: An insurer's reputation for quality, timely customer service.

To find the cheapest renters insurance in Virginia, we obtained renters insurance quotes from seven top insurers across 25 of the most populated cities in Virginia. Rates are based on a 25-year-old male renter with no history of insurance claims, living alone without pets or a significant other.

Our quotes reflect the following coverage limits:

  • Personal property protection: $30,000
  • Liability coverage: $100,000
  • Guest medical protection: $1,000
  • Deductible: $500

To determine which renters insurance companies in Virginia provide the best customer service, we measured three areas of each insurer's reputation:

  • NAIC Complaint Index: The Complaint Index tracks the number of complaints filed against each renters insurance company relative to its market size.
  • J.D. Power U.S. Home Insurance Study - Renters Insurance: J.D. Power analyzed 10 of the largest renters insurance companies in the U.S. based on several criteria, including policy offerings, price and customer-employee interaction. J.D. Power calculates an overall rating using responses to these categories.
  • ValuePenguin editor's rating: ValuePenguin editors score insurers based on customer service reviews and ratings, the availability of coverage options and the overall value a company provides its customers.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.