The Best Cheap Renters Insurance in Virginia (2024)
State Farm has the cheapest renters insurance quotes in Virginia, with an average of $13 per month.
Compare Cheap Renters Insurance in VA
Best Cheap Renters Insurance in VA
To help you find the best renters insurance in Virginia, ValuePenguin editors rated insurance companies based on price, coverage features and customer service reviews.
To find the cheapest renters insurance quotes, our editors gathered more than 100 quotes from six top companies in Virginia.
Cheapest renters insurance in VA
State Farm offers the most affordable renters insurance in Virginia.
A State Farm policy costs $13 per month, or $151 per year, on average. That's $7 per month cheaper than the state average.
The average cost of renters insurance in Virginia is $20 per month, or $240 per year.
Compare Cheap Renters Insurance in VA
Virginia renters should also compare quotes from Lemonade, where coverage costs around $15 per month. A Lemonade policy is only $2 per month more expensive than the cheapest company, State Farm.
Cheap renters insurance quotes in Virginia
Company | Monthly cost | ||
|---|---|---|---|
| State Farm | $13 | |
| Lemonade | $15 | |
| Progressive | $21 | |
| Amica | $21 | |
| Assurant | $21 | |
| Farmers | $31 | |
Your renters insurance quotes depend on several factors, like the coverage you choose, your location and your claim history. It's important to compare quotes from multiple companies to find the best price for you.
Best renters insurance in VA for most people: State Farm
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Editor's rating
- Cost: $13/mo
State Farm has the cheapest renters insurance rates in Virginia.
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Cheapest rates in VA
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Good bundling discount
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Average customer service
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May not offer coverage in coastal areas
State Farm renters insurance in Virginia costs about $13 per month, which is $7 per month cheaper than the state average.
Renters with a car can save around 4.7% on their renters insurance by getting car insurance from State Farm, too. It’s one of the largest discounts available for bundling renters and car insurance.
However, State Farm's customer service is just average. The company earned an above-average score on J.D. Power's customer satisfaction survey. But it gets an average number of complaints for a company its size. That means you can probably find better customer service elsewhere.
The main downside to State Farm is that it typically doesn't offer coverage in coastal areas. So renters in Virginia Beach and other coastal towns may not be able to buy a policy.
Best customer service for VA renters: Amica
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Editor's rating
- Cost: $21/mo
Amica has the top-rated customer service in Virginia.
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Excellent customer service
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Lots of discounts
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Offers flood insurance
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More expensive than average
Virginia renters can find a stress-free claims experience at Amica. It only gets one-third as many complaints as an average company its size. In addition, Amica earned the top score on J.D. Power's claims satisfaction survey. That means renters can expect Amica to help get their lives back to normal quickly after an emergency.
Renters insurance from Amica costs around $21 per month, which is $1 per month more than the Virginia state average. However, Amica offers several discounts to help renters lower their insurance bills. You can save money by:
- Buying car insurance from Amica
- Signing up for automatic payments
- Getting bills and documents via email
- Remaining claim-free for three years
Amica also offers a loyalty discount to renters who don't switch companies often.
Amica is a good option for Virginia renters concerned about flooding.
Amica offers flood insurance, which is the only way to protect your stuff from weather-related flood damage. This includes storm surge and water from rising lakes or rivers. Renters living near the coast or one of Virginia's many lakes should consider bundling renters and flood insurance with Amica.
Best VA renters insurance for veterans and military members: USAA
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Editor's rating
USAA has excellent service, and its basic policy comes with extra coverage.
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Standard policy includes extra coverage
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Great customer service
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Discounts for service members
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Not available to all Virginia renters
USAA renters insurance is only available to military members, veterans and some of their family members.
However, if you qualify for USAA, you should strongly consider using it for renters insurance. USAA's basic renters insurance policy comes with coverage that most other companies charge extra for. This includes:
- Replacement cost coverage
- Special coverage for military gear
A USAA renters insurance policy also includes personal property and identity theft protection while you're traveling abroad.
USAA has some of the best customer service in the insurance industry. It regularly earns one of the highest scores on J.D. Power's customer satisfaction survey. USAA only gets one-third as many complaints as similar-sized insurance companies. That means you can expect a fast and fair claims process at USAA.
Virginia renters insurance rates by city
Annandale, a suburb of Washington, D.C., is the cheapest larger city for renters insurance in Virginia.
The average cost of renters insurance in Annandale is $15 per month. That's $5 per month less than the Virginia average.
Suffolk, a city in southeastern Virginia, has the most expensive renters insurance rates, with an average of $28 per month. That's likely because of Suffolk's waterfront location, which means homes there are at a higher risk of damage from coastal storms.
Average cost of renters insurance in Virginia by city
City | Monthly rate | % from average |
|---|---|---|
| Alexandria | $20 | 1% |
| Annandale | $15 | -25% |
| Arlington | $20 | -3% |
| Ashburn | $16 | -19% |
| Blacksburg | $18 | -10% |
How to find the best renters insurance in Virginia
The best renters insurance companies offer excellent customer service and useful coverage options at an affordable price. To find the best company for you, start by deciding how much coverage you need. Next, compare quotes from multiple companies and consider customer service scores.
Figure out how much coverage you need. Most renters insurance companies offer similar coverage, like protection for your belongings and personal liability. It's important to know how much coverage you need before comparing quotes. That's because your coverage limits have a big impact on your insurance rates.
Start by creating an inventory of your belongings so you can calculate how much personal property coverage you need. Next, decide if you want or need any extra coverage not included in a basic policy.
For example, Virginia renters may want to add flood coverage to protect their belongings from weather-related flooding.
Shop for quotes from multiple companies. The most expensive renters insurance company in Virginia costs more than twice as much as the cheapest company. That could add up to a savings of around $18 per month.
In addition, each company calculates insurance rates differently. Some companies place more focus on your insurance history, while others may prioritize your age. For that reason, the cheapest company for you isn't always the same as the best choice for your friends, family or neighbors.
Compare customer service ratings. It's important to choose a company you can count on to take care of you after a disaster.
ValuePenguin editors rate insurance companies based on customer service reviews, coverage availability and cost. Companies with a rating of 4 stars or higher typically have a fast and fair claims process. On the other hand, companies with poor service scores may take longer to send you a check, and you could end up paying more to replace your stuff.
What renters insurance coverage do I need in Virginia?
Virginia's location along the Atlantic coast means renters need to protect themselves against damage from tropical storms and hurricanes.
Does Virginia renters insurance protect against hurricanes?
Renters insurance covers most, but not all, types of hurricane damage.
Your insurance policy typically covers wind, hail and lightning damage.
Renters living in coastal towns with a high risk of storm damage may have a separate hurricane deductible. This is typically higher than your regular deductible. So it may cost more to fix or replace your things if a hurricane destroys them.
However, flood damage isn't covered by renters insurance. You'll have to buy a separate flood insurance policy to protect your belongings from damage caused by floodwaters.
Frequently asked questions
How much is renters insurance in VA?
The average cost of renters insurance in Virginia is $240 per year, or $20 per month. Renters shopping for the cheapest coverage should consider State Farm, where a policy costs around $13 per month.
Is renters insurance required in Virginia?
Virginia law doesn't 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 $22 per month, which is 10% more expensive than average in Virginia. Lemonade offers the cheapest rates in Richmond, at around $13 per month.
How much is renters insurance in Virginia Beach, VA?
Renters in Virginia Beach pay an average of $27 per month for insurance. That's $7 per month more than the Virginia state average.
Methodology
To find the cheapest renters insurance in Virginia, ValuePenguin gathered renters insurance quotes from six top insurance companies across 25 of the most populated cities in Virginia. Rates are for a 30-year-old woman with no history of insurance claims, living alone without pets or a significant other.
Quotes include 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, our editors considered:
- NAIC complaint index: The National Association of Insurance Commissioners (NAIC) 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 companies 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.