West Virginia homeowners insurance: what you need to know

The average cost of home insurance in West Virginia is $1,366 per year or $114 per month—slightly less than the national average.  The easiest way to get a cheap homeowners insurance policy in West Virginia is to get quotes from as many insurers as possible.

Home insurance, unlike car insurance, isn't governed by state legislation. Yet, there are still significant differences in homeowners insurance costs from state to state. Like in all US states, home policy rates in West Virginia may differ based on the number and value of homeowners claims filed across the state and the value of the belongings and home insured on the policy.

Learn more about typical home insurance rates in West Virginia via the below data.

 
Table of contents:
  1. Rates by company
  2. Rates by coverage amount
  3. Rates by deductible amount
  4. Rates by city
  5. Bundling savings
  6. Frequently asked questions
  7. Natural disaster coverage
 

The cheapest home insurance companies in West Virginia

Rates for home insurance in West Virginia will vary depending on the insurance company you select. Safeco offers the cheapest home insurance in West Virginia, at just $914 each year. This is less than West Virginia's average cost of $1,366, which is $452 less than average in the state.

Begin your search for an affordable homeowners insurance policy by viewing average rates from top West Virginia home insurance carriers, listed below. Then, see our list of which home insurance companies ranked best for customer satisfaction. 

 
AFFORDABLE HOME INSURERS IN WEST VIRGINIA
Insurance Company Average Yearly Rate in West Virginia
Safeco $914
American Select $925
USAA $1,128
Erie $1,178
Allstate $1,369
 

West Virginia home insurance prices by coverage levels

The amount of home coverage you select has an impact on your insurance rates. In West Virginia, carrying $200,000 dwelling coverage costs an average of $1,028 per year, while maintaining coverage up to $400,000 costs as much as $1,695 per year.

 
POPULAR COVERAGE LIMITS IN WEST VIRGINIA
Coverage Level Average Annual Cost
$100,000 Dwelling $750
$200,000 Dwelling $1,028
$250,000 Dwelling $1,191
$400,000 Dwelling $1,695
 

Homeowners insurance deductibles in West Virginia

One of the many decisions that you will make when looking at homeowners insurance policies is how high to set your deductible. The deductible is the amount the insured is responsible for paying toward a covered loss. Where you choose to set your homeowners deductible is linked to how much you pay in insurance premiums.

Put simply, a higher deductible means lower insurance costs. Therefore, it might make sense to set a higher deductible if you are hoping to lock in lower insurance rates. Bear in mind: your deductible should not be so high that you would struggle to pay it in the event of a loss.

Have a look at some of the standard deductibles offered by home insurance companies and an approximation of average premiums.

 
HOME INSURANCE PREMIUMS BY DEDUCTIBLE IN WEST VIRGINIA
Deductible Tier Average Annual Homeowners Insurance Rate
$500 $1,240
$1,000 $1,191
$1,500 $1,113
$2,000 $1,044
$5,000 $902
 

West Virginia homeowners insurance costs by city

Homeowners insurance rates in West Virginia differ by city. Prices depend on locally specific variables such as the number of local claims filed, meaning your specific ZIP code impact how much you pay.

The most affordable home insurance rates in West Virginia are available in Martinsburg. The average home insurance policy in Martinsburg costs only $1,114 per year — $251 less than the average policy in other West Virginia cities. The below cities have the most affordable homeowners insurance in West Virginia.

 
CHEAPEST CITIES FOR HOMEOWNERS INSURANCE IN WEST VIRGINIA
City Average 12-Month Home Insurance Rate
Martinsburg $1,114
Morgantown $1,126
Clarksburg $1,180
Fairmont $1,199
Bridgeport $1,205

 

Home and auto insurance bundling in West Virginia

If you want to save on homeowners insurance, consider purchasing your home and auto policies from the same insurance company. A home and auto insurance bundle in West Virginia can lead to substantial savings on your auto insurance bill. Bundling home and auto policies in West Virginia leads to a yearly discount of $84.

 
 HOME AND AUTO BUNDLING DISCOUNTS IN WEST VIRGINIA

Avg. Annual Rate (No Bundle)

Avg. Annual Rate (w/ Bundle)

Annual Savings ($)

Annual Savings (%)
$1,389 $1,305 $84 6%
 
 

West Virginia homeowners insurance FAQs

 

Which companies insure mobile homes in West Virginia?

Companies offering mobile home insurance in West Virginia include GEICO, Farmers, Erie, and Allstate to name just a few. We suggest that you shop around to find the company with good rates and a policy that is right for you.

Is homeowners insurance required in West Virginia?

West Virginia does not require residents to carry homeowners coverage. It is, however, fairly likely that your mortgage lender will require you to buy and maintain this insurance as a stipulation of the lending agreement.

 

 

Natural disaster coverage in West Virginia

 

Does homeowners insurance cover flooding in West Virginia?

Flood damage in West Virginia or any other state, regardless of cause, is not covered by homeowners insurance policies. To insure your home against flood damage, acquire insurance through FEMA's National Flood Insurance Program (NFIP) or via a private insurer. 

Flood insurance coverage from private companies may vary, but NFIP flood insurance covers:

  • $250,000 for your home’s structure
  • $100,000 for your personal property

If the value of your personal property and home exceeds these limits, consider purchasing a flood insurance policy from our partners at Neptune for additional protection.