Homeowners insurance in West Virginia

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.

Kara McGinley

Kara McGinley

Published September 14, 2020

KEY TAKEAWAYS

  • 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

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.

Compare West Virginia quotes here

The 5 best homeowners insurance companies in West Virginia

A great homeowners insurance company is financially stable, has dependable customer service, affordable coverage, flexible policy options, and high quality discounts.

Using those benchmarks, we determined the following five companies were the best homeowners insurance companies in West Virginia. Read about our methodology here.

Best company for a cheap quote: ASI

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

Best company for superior coverage: Encompass

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.

Best replacement cost policy: Safeco

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

Best company for policy discounts: State Auto

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

Best financial standings: Nationwide

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

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Average cost of homeowners insurance in West Virginia by company

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.

CompanyPolicygenius RatingAverage cost
ASI6.6/10$735
Encompass8.3/10$1,699
MetLife6.5/10$2,036
Nationwide7.7/10$1,597
Progressive6.6/10$1,034
Safeco7.3/10$1,246
State Auto7.6/10$1,295

Average cost of home insurance in West Virginia by coverage amount

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 AmountAverage Cost
$100,000-$200,000$ 1,010
$200,000-$300,000$ 1,604
$300,000-$400,000$ 2,015
$400,000-$500,000$ 2,385
Greater than $500,000$ 2,961

Average cost of home insurance in West Virginia by city

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.

CityAverage Cost
Barboursville$ 911
Bluefield$ 976
Bridgeport$ 1,761
Charles Town$ 1,712
Charleston$ 1,676
Clarksburg$ 862
Fairmont$ 1,232
Harpers Ferry$ 1,845
Huntington$ 1,433
Inwood$ 1,151
Kingwood$ 1,366
Martinsburg$ 1,434
Morgantown$ 1,192
Parkersburg$ 1,707
Ranson$ 2,282
Ravenswood$ 791
South Charleston$ 760
Vienna$ 792
Weirton$ 1,387
Wheeling$ 1,244

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 cheapest cities for homeowners insurance in West Virginia

Cheapest homeowners insurance WV

The most expensive cities for homeowners insurance in West Virginia

Most expensive homeowners insurance WV

Guide to homeowners insurance in West Virginia

Common causes of home insurance loss in West Virginia

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.

Does homeowners insurance cover flooding in West Virginia?

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.

West Virginia Department of Insurance

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.

What if I can’t get homeowners 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

About the author

Insurance Editor

Kara McGinley

Insurance Editor

Kara McGinley is an Insurance Editor at Policygenius. She previously worked as a freelance writer and a copywriter for various startups. Her work can be found in Teen Vogue, The Culture Crush, Mask Magazine, and more.

Policygenius’ editorial content is not written by an insurance agent. It’s intended for informational purposes and should not be considered legal or financial advice. Consult a professional to learn what financial products are right for you.

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