Best West Virginia Homeowners Insurance Agents & Brokers (2024)
Discover the best rates for homeowners insurance in West Virginia and explore comprehensive coverage options to protect your property and belongings. Get peace of mind for your home with affordable and reliable insurance from top-rated providers. Compare quotes from multiple insurance companies today and find the perfect policy that fits your needs and budget. Safeguard your investment and ensure financial protection for your home.
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Chris Abrams
Licensed Insurance Agent
Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies. Chris has been a licensed insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chris works tireles...
Licensed Insurance Agent
UPDATED: Dec 28, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Dec 28, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Are you searching for comprehensive information about West Virginia homeowners insurance? Look no further. In this detailed article, we explore the key aspects of homeowners insurance specific to West Virginia, including coverage options, average rates, the best insurance providers in the state, and tips on saving money.
Whether you’re a current homeowner or planning to purchase a property, understanding the ins and outs of homeowners insurance is crucial for protecting your investment.
To find the best rates and coverage tailored to your needs, enter your ZIP code now and compare quotes from top insurance providers. Don’t miss out on the opportunity to secure your home and valuable assets with the right homeowners insurance policy.
How much is homeowners insurance per month in West Virginia?
Home insurance rates depend on the coverage level you carry. The average home price in West Virginia is $133,000, which a $200,000 home insurance policy would adequately cover.
On average, you can expect to pay $86 per month for $200,000 of homeowners insurance in West Virginia.
However, if there were recent renovations and upgrades to your home, your insurance rates will reflect the higher coverage levels. Your rates will also increase if you reduce your deductible. For example, lowering your deductible by $1,000 could add $150 or more to your annual West Virginia homeowners insurance rates.
Compare different deductibles and coverage levels with different companies to find the most affordable homeowners insurance. You’ll find the best rates when comparing home insurance quotes from at least three local companies.
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What are the best homeowners insurance companies in West Virginia?
The best WV homeowners insurance companies are Nationwide and Safeco when it comes to rates. Take a look at the table below to see how the top five insurers in the state compare:
West Virginia Homeowners Insurance Company Monthly West Virginia Homeowners Insurance Rates A.M. Best Rating J.D. Power Rating
Erie $1,178 A+ 835
Nationwide $985 A+ 812
Safeco $914 A 810
State Farm $1,023 A++ 835
USAA $1,128 A++ N/A
While Nationwide and Safeco are the cheapest options for homeowners insurance in West Virginia, both companies have lower customer satisfaction scores. Shopping for home insurance comes down to more than just rates, so consider both financial and customer service ratings before deciding.
A.M. Best is an excellent free resource that annually ranks insurance companies’ financial stability. We used J.D. Power’s Home Insurance Study to rank each company’s customer satisfaction on a scale of 0 to 1,000.
State Farm has the highest customer service and financial rankings. It is more expensive than Nationwide and Safeco, but State Farm home insurance rates are right around the state average. If you can’t decide, compare your insurance quotes from all three companies and ask about discounts before you buy.
How to Save on West Virginia Homeowners Insurance
The easiest way to save on home insurance rates is by asking about insurance discounts. Simply buying your home and auto policies from the same company can save you 10% or more with a bundling discount.
West Virginia homeowners can also earn:
- New home discounts. New homeowners can usually earn a percentage off their annual rates if they bought their home within the past five years.
- Home security discounts. Installing additional fire alarms, video surveillance, or other security equipment can take 15% off your rates with some companies.
- Loyalty discounts. Staying with the same insurance company for three years or more can earn you an average of 10% off your rates.
Which discounts do the top five home insurance companies offer? Unfortunately, none of the companies on our list offer new home discounts. Allstate offers a small discount for new home buyers, but its rates are more expensive than the companies listed here.
USAA boasts the most home insurance discounts, offering 10% off or more for policy bundling, additional home security, and customer loyalty. However, USAA is only available to military members and their families.
Both Nationwide and Safeco offer bundling and home security discounts. Discount amounts will vary depending on the kind of policy you have and the security systems you’ve installed, but Nationwide offers an additional discount for homes with smart equipment.
Do I need to buy homeowners insurance in West Virginia?
No, West Virginia state laws don’t require homeowners to have insurance on their property. However, if you decide not to buy homeowners insurance, you risk losing your home after a natural disaster or liability case.
A standard West Virginia homeowners insurance provides coverage for:
- Dwelling and other structures. This coverage includes your home’s main structure, any additions, and artificial constructions on the property not connected to your primary dwelling.
- Personal property. Part of your standard policy will protect your personal property, including jewelry, art, electronics, furniture, and appliances.
- Loss of use. Loss of use covers accommodation costs while you are out of your home or part of your home after filing a claim.
- Liability. Your policy covers medical costs for those injured or killed on your property.
You may also want to add additional coverages that extend to events beyond your control. For example, umbrella insurance can provide additional home insurance coverage if you get sued by someone injured on your property.
Any additional types of coverage will raise your home insurance rates, but you’ll be better protected and pay less out of pocket if you ever file a claim.
What are the most common home insurance perils in West Virginia?
Homeowners in West Virginia face the same risks as homeowners across the country, and standard homeowners insurance in WV protects against fire, liability, theft, freezing, and wind damages.
Homeowners insurance never covers flood damage. If you live in West Virginia, you’ll need to buy a separate flood insurance policy, and you may qualify for a discount if you live in a high-risk area.
West Virginia homeowners are also at high risk of sinkholes and shifting earth. The state’s history of coal mining has left some parts of the state unstable, and a standard home insurance policy will not cover damages caused by earthquakes or shifting earth. If you live in an at-risk area, you may be eligible for coal mine subsidence insurance that costs as low as $35 per year.
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West Virginia Homeowners Insurance: What You Need to Know
West Virginia homeowners insurance rates are cheaper than the national average at only $86 per month. These rates reflect a $200,000 policy with a $2,000 deductible. If you need more coverage or decide to lower your deductibles, your home insurance rates will be higher.
Nationwide and Safeco are the cheapest home insurance companies in West Virginia, but State Farm has better customer service ratings while still offering competitive rates. Try comparing these companies against other local insurers in your area to find the most affordable homeowners insurance.
If you would like to contact the West Virginia Department of Insurance, you can reach them toll-free at 1-866-445-8491 or by mail at P.O. Box 50540, Charleston, West Virginia, 25305. The state insurance office is at 900 Pennsylvania Ave, Charleston, West Virginia, 25302.
Frequently Asked Questions
Do I need homeowners insurance in West Virginia?
Homeowners insurance is not legally required in West Virginia, but it’s highly recommended. Homeowners insurance can protect you financially if your home is damaged or destroyed by a covered peril, such as fire or windstorm. It can also provide liability coverage in case someone is injured on your property and sues you.
What does homeowners insurance cover in West Virginia?
Homeowners insurance in West Virginia typically covers damage to your home and personal property caused by perils such as fire, windstorm, hail, and theft. It can also provide liability coverage for injuries that occur on your property and additional living expenses if you have to temporarily move out of your home due to a covered loss.
What perils are typically excluded from West Virginia homeowners insurance policies?
West Virginia homeowners insurance policies may exclude coverage for certain perils, such as floods and earthquakes. You may need to purchase separate policies or endorsements to cover these perils.
How much does homeowners insurance cost in West Virginia?
The cost of homeowners insurance in West Virginia varies depending on a variety of factors, such as the age and condition of your home, its location, and the amount of coverage you need. On average, homeowners in West Virginia pay about $1,100 per year for homeowners insurance.
How can I save money on homeowners insurance in West Virginia?
There are several ways to potentially save money on homeowners insurance in West Virginia. You can consider raising your deductible, bundling your home and auto insurance with the same provider, and taking advantage of discounts for things like having a security system or a good credit score.
How do I file a homeowners insurance claim in West Virginia?
To file a homeowners insurance claim in West Virginia, you should contact your insurance company as soon as possible after a loss occurs. Be prepared to provide details about the damage or loss, and provide any documentation or photos you have to support your claim. Your insurance company will guide you through the claims process and provide instructions on how to proceed.
Compare The Best Insurance Quotes In The Country
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Chris Abrams
Licensed Insurance Agent
Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies. Chris has been a licensed insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chris works tireles...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.