More on Home Insurance
More on Home Insurance
The cost of homeowners insurance in West Virginia is $1,583 a year for the average amount of coverage. West Virginia residents can compare rates from multiple companies with Policygenius.
Published September 14, 2020|7 min read
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Homeowners insurance covers your house, personal property, and assets in the event that the unexpected happens. West Virginia’s landscape is made up of beautiful mountain ranges, valleys, and rivers, but the state can suffer from natural hazards like severe thunderstorms, winter storms, and forest fires. If you’re part of the 73% of West Virginians who own a home, you’ll want to purchase a comprehensive homeowners insurance policy to protect your home and property from perils like wind, fire, and theft.
The statewide average cost of homeowners insurance in West Virginia is $1,583 per year, but policy premiums can differ greatly based on specific factors related to your home and the details of your policy. Your rates will be directly impacted by your home’s condition and style of build, its location, your credit and claims history, and your policy deductible amount. Rates also vary from company to company for the same level of coverage, which is why it’s so important to compare policies from different companies — that’s where we come in.
To help simplify your shopping experience, Policygenius reviewed the five best homeowners insurance companies in West Virginia offered through our website. We also calculated the cheapest and most expensive cities in West Virginia for home insurance based on hundreds of submitted quotes.
A great homeowners insurance company is financially stable, has dependable customer service, affordable coverage, flexible policy options, and high quality discounts.
American Strategic Insurance (ASI), a subsidiary of Progressive, provides the cheapest West Virginia home insurance quote of any Policygenius partner carrier. The average quote with ASI is $735 for $100,000–500,000 in coverage, which is more than $300 cheaper than the statewide average of $1,583. If you’re a West Virginia homeowner looking for a budget pick, ASI may be your best bet.
Read our full review of ASI here
If you’re looking for personalized and customized coverage, you may want to consider Encompass. Encompass has three separate coverage packages that include all of the primary coverages you find in a standard home insurance policy, as well as several coverage enhancements and policy add-ons like replacement cost coverage, water backup protection, identity theft protection, fine art protection, and more.
Read our full review of Encompass here
West Virginia homeowners, especially those located in forest fire-prone areas, may want to look into maximizing the coverage for the structure of their homes. Safeco has four comprehensive tiers of coverage, which all include the option to add extended replacement cost, a policy add-on that increases your home’s coverage limits an additional 25% or 50% if rebuild costs exceed your dwelling coverage amount. Safeco’s “Premier Plan”, its highest level of coverage, includes guaranteed replacement cost, which pays for a rebuild of your home regardless of the price.
Read our full review of Safeco here
State Auto offers an array of discounts to help you save on your premiums. You can qualify for a discount in a variety of ways, like if you fortify your home with safety features, such as burglar alarms and smoke detectors; if your roof has been recently renovated; if you bundle your home and auto policy with State Auto, and more.
Read our full review of State Auto here
You want an insurance company that you can depend on financially. A.M. Best is the most reliable credit-rating tool policyholders can use to gauge the financial health of a particular company. A good score with A.M. Best means a company is more likely to fulfill their financial obligation to you when it comes time to file a claim. With a score of A+, Nationwide has close to the highest rating a company can receive from A.M. Best.
Nationwide also has high ratings with Standard & Poors, which measures long-term financial stability, as well as Moody’s, which measures what the expected losses would be if a company were to go into default.
Read our full review of Nationwide here
The average cost of homeowners insurance in West Virginia is $1,583 for $100,000–500,000 in coverage
The cheapest homeowners insurance company in West Virginia is American Strategic Insurance (ASI), according to Policygenius quote data
When deciding on policy coverage, West Virginia residents should consider the state’s wildfires and thunderstorms
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When comparing insurance companies, West Virginia residents may find that rates differ greatly from company to company for the same level of coverage. A more expensive policy may provide more coverage add-ons in a basic plan than their competitors, but some companies may simply charge more for coverage in certain areas than others.
After reviewing hundreds of quotes submitted with Policygenius, we found that ASI is the cheapest insurance company in West Virginia with an average annual premium of $735 for $100,000–500,000 in coverage. MetLife is the most expensive with an annual premium of $2,036 for the same amount of coverage.
The average cost of homeowners insurance in West Virginia will also differ considerably based on the amount of insurance you have for your home. Below is the average homeowners insurance quoted rates for five different levels of coverage.
|Coverage Amount||Average Cost|
|Greater than $500,000||$ 2,961|
Insurance companies will also price policies differently based on where you live. We found South Charleston has the lowest rates in the state with a $760 average annual premium for $100,000-500,000 in coverage. The most expensive area on average is Ranson with an annual premium of $2,282 for the same amount of coverage.
|Charles Town||$ 1,712|
|Harpers Ferry||$ 1,845|
|South Charleston||$ 760|
We selected the 20 largest cities in West Virginia by population where customers have submitted quotes with Policygenius. Quotes are based on a coverage amount between $100,000 and 500,000.
The most common natural hazards in West Virginia are thunder and lightning storms, which cause the Mountain State $4.6 million is annualized property losses per year.
Come winter months, West Virginia can experience heavy snowfall. Homeowners insurance will cover repairs if the weight of snow and ice causes your roof to fall through or damages your foundation, but homeowners should still try to keep their roofs clear of ice dams and excessive snow.
Although wildfires aren’t as common in West Virginia as they are in the Western United States, residents are still at risk. In 2019, a wildfire burned around 2,000 acres of land in the Mountain State. Homeowners insurance does cover fire damage, but if you live in a fire-prone area you may want to consider purchasing a replacement cost homeowners policy so your home is fully covered regardless of its price.
Flooding, landslides, and mudslides are the most expensive threat to West Virginia residents, but they’re not covered by a standard policy. Homeowners insurance does not cover flooding or mudslides in West Virginia or any of the other 49 states.
State residents can supplement that gap in coverage by purchasing a flood insurance policy, which also includes coverage for land and mudslides. Flood insurance can typically be purchased through the same insurance company that insures your home. Most flood policies are sold by private companies but administered by the federal government’s National Flood Insurance Program (NFIP). An NFIP flood policy can cover up to $250,00 for the structure of your home and up to $100,000 for personal belongings.
The West Virginia Offices of the Insurance Commissioner is a valuable resource both for West Virginia homeowners purchasing coverage for the first time or for those who are already insured. The WVOIC website has helpful information about what to prioritize when selecting your coverage, preparing for natural disasters, and buying flood insurance.
Homeowners insurance companies can cancel your insurance for a number of reasons — maybe the insurance company no longer offers coverage where you live, or maybe they determined your home was too risky to insure after a recent inspection.
If you’re struggling to find coverage, you can get last-resort coverage via a West Virginia Fair Access to Insurance Requirements [FAIR] Plan. The West Virginia FAIR Plan is a not-for-profit, property insurance association that provides property insurance to people in West Virginia who are unable to get standard insurance through the private insurance marketplace.
Not where you live? We've got you covered, check out our guide to homeowners insurance in your state