Finding the Best Renters Insurance in Virginia
Choosing a renters insurance plan in Virginia offers tremendous benefits for tenants. Renters Insurance protects you from losing all your items in the event of unexpected occurrences. Without it, you will have no cover or backing to fall back on to help you mitigate the possible losses. Finding the best renters insurance in Utah is not the easiest of tasks. So many companies offer good renters insurance covers. The multiplicity of options can be overwhelming for you, leaving you to do the next logical thing, which is to pick the one with the most extensive coverage or the cheapest one. In reality, cheap renters insurance in Virginia may not offer the best value for money, and the most comprehensive renters insurance may not best cover your needs. Let us help you discover the best renters insurance that adequately covers your needs. Finding the best renters insurance for your needs means first identifying those needs. How much can you afford? What do you need renters insurance cover for? Aside from these, you also want to know how efficient the company is at processing claims. Is it fast or slow? Consider these factors before choosing a renter insurance provider in Virginia.
| Renters Insurance Costs in Virginia | Price |
|---|---|
| Avg. Price of Renters Insurance in Virginia Annually | $214.02 |
| Avg. Price of Renters Insurance in Virginia Per Month | $17.84 |
A Bird's-Eye View of Renters Insurance in Virginia
The average cost for renters in Virginia is cheaper than the national average. Virginia is one of the most affordable states in the US states for renters insurance. It ranks as the 40th most expensive state in terms of renters insurance premium. In Virginia, the average annual cost of renters insurance is $166, which is $19 cheaper than the national average for American states. Virginia residents pay an average renters insurance fee of $14 per month. 43.7% of Virginians, almost half of its renters' population, spend more than the recommended 30% of their income or rents and utilities. This statistic ranks Virginia as the 23rd state in the United States in this respect. The least expensive city for renters insurance in Virginia is Reston, with a monthly renters insurance rate of $12.5 and a yearly renters insurance rate of $150. The most expensive cities in Virginia for renters insurance Virginia are Winchester, with an average annual renters insurance rate of $188 and an average monthly renters insurance of around $15.6.
| City in Virginia | Costs Per Month for Renters Insurance | Average Costs Per Year for Renters Insurance |
|---|---|---|
| Alexandria, VA | $13.29 | $159.52 |
| Annandale, VA | $13.65 | $163.84 |
| Arlington, VA | $13.27 | $159.20 |
| Ashburn, VA | $14.09 | $169.12 |
| Bailey's Crossroads, VA | $13.55 | $162.56 |
| Blacksburg, VA | $15.21 | $182.56 |
| Burke, VA | $13.95 | $167.36 |
| Cave Spring, VA | $15.04 | $180.48 |
| Centreville, VA | $13.87 | $166.40 |
| Chantilly, VA | $14.04 | $168.48 |
| Charlottesville, VA | $14.48 | $173.76 |
| Chesapeake, VA | $24.21 | $290.56 |
| Chester, VA | $16.60 | $199.20 |
| Christiansburg, VA | $15.32 | $183.84 |
| Dale City, VA | $14.88 | $178.56 |
| Danville, VA | $17.89 | $214.72 |
| Fair Oaks, VA | $13.91 | $166.88 |
| Fairfax, VA | $13.75 | $164.96 |
| Franconia, VA | $13.89 | $166.72 |
| Fredericksburg, VA | $14.64 | $175.68 |
| Hampton, VA | $24.05 | $288.64 |
| Harrisonburg, VA | $14.33 | $172.00 |
| Herndon, VA | $13.81 | $165.76 |
| Hopewell, VA | $18.55 | $222.56 |
| Lake Ridge, VA | $14.72 | $176.64 |
| Leesburg, VA | $13.81 | $165.76 |
| Lincolnia, VA | $13.80 | $165.60 |
| Linton Hall, VA | $14.72 | $176.64 |
| Lorton, VA | $14.03 | $168.32 |
| Lynchburg, VA | $15.76 | $189.12 |
| Manassas, VA | $15.13 | $181.60 |
| Marumsco, VA | $14.73 | $176.80 |
| McLean, VA | $13.44 | $161.28 |
| McNair, VA | $13.77 | $165.28 |
| Mechanicsville, VA | $15.27 | $183.20 |
| Montclair, VA | $14.89 | $178.72 |
| Newport News, VA | $22.29 | $267.52 |
| Norfolk, VA | $25.47 | $305.60 |
| Oakton, VA | $13.69 | $164.32 |
| Petersburg, VA | $18.52 | $222.24 |
| Portsmouth, VA | $24.53 | $294.40 |
| Reston, VA | $13.77 | $165.28 |
| Richmond, VA | $16.80 | $201.60 |
| Roanoke, VA | $15.51 | $186.08 |
| Rose Hill, VA | $15.08 | $180.96 |
| Salem, VA | $14.97 | $179.68 |
| Short Pump, VA | $15.43 | $185.12 |
| South Riding, VA | $13.92 | $167.04 |
| Springfield, VA | $13.77 | $165.28 |
| Staunton, VA | $15.40 | $184.80 |
| Sterling, VA | $14.11 | $169.28 |
| Suffolk, VA | $21.63 | $259.52 |
| Tuckahoe, VA | $17.04 | $204.48 |
| Tysons Corner, VA | $13.47 | $161.60 |
| Virginia Beach, VA | $27.64 | $331.68 |
| Waynesboro, VA | $15.35 | $184.16 |
| West Falls Church, VA | $13.92 | $167.04 |
| West Springfield, VA | $13.80 | $165.60 |
| Winchester, VA | $15.48 | $185.76 |
| Woodlawn, VA | $15.60 | $187.20 |
Is Renters Insurance Required in Virginia
In Virginia, no law stipulates that renters insurance requirements are compulsory for renters. Although it is not mandatory in the law, landlords have the liberty to require the tenant to get renters insurance as part of the lease agreement. Renters Insurance is beneficial to the renter. The landlords' insurance is an excellent form of coverage for the building, but it does not cover your personal property damage. If an accident destroys your individual properties or natural disasters, you alone will bear the cost of replacing your personal belongings. In other words, the landlord's insurance is more beneficial to landlords and tenants. There are no Virginia renters insurance requirements, but that does not mean you shouldn't get one. Rental Insurance provides cover for your personal belongings in the event of a fire outbreak, flood, and other natural disasters. A significant advantage of renters insurance is that it covers the cost of staying in another shelter, such as a local hotel, in the event you can not use your apartment because of accidents. Renters Insurance can be a bit costly, depending on what part of Virginia you live in, the amount of coverage you want and the company you choose.
How Much is Renters Insurance in Virginia
The cost of rental insurance in Virginia differs from location to location. Some areas are almost $50 more expensive than others. The average renters' insurance rates in Virginia is $166 per annum, which is $19 cheaper than the US average. Your location in Virginia plays a considerable role in determining the cost of renters insurance. Winchester has the most expensive state, with an average annual renters' insurance rate of $188 and the average monthly renters' insurance rate of $16. To help you sort through the different rates that renters insurance providers charge for their services, we have created a table below containing different cities in Virginia and the average renter insurance rates. Low-cost renters insurance in Virginia is present in the city of Reston with a charge of $150 average annual renters' insurance rate, which amounts to a monthly average of $12.5. The size of the city is not a significant factor in determining the renters' insurance rates; factors such as your coverage needs and the risk play a considerable role.
| Rate of Renters Insurance in Virginia by County | Costs Per Month | Costs Per Year |
|---|---|---|
| Alexandria city, VA | $13.29 | $159.52 |
| Charlottesville city, VA | $14.48 | $173.76 |
| Chesapeake city, VA | $24.21 | $290.56 |
| Danville city, VA | $17.89 | $214.72 |
| Fairfax city, VA | $13.75 | $164.96 |
| Fairfax County, VA | $13.81 | $165.76 |
| Fredericksburg city, VA | $14.64 | $175.68 |
| Hampton city, VA | $24.05 | $288.64 |
| Harrisonburg city, VA | $14.33 | $172.00 |
| Hopewell city, VA | $18.55 | $222.56 |
| Loudoun County, VA | $13.81 | $165.76 |
| Lynchburg city, VA | $15.76 | $189.12 |
| Manassas city, VA | $15.13 | $181.60 |
| Montgomery County, VA | $15.27 | $183.20 |
| Newport News city, VA | $22.29 | $267.52 |
| Norfolk city, VA | $25.47 | $305.60 |
| Petersburg city, VA | $18.52 | $222.24 |
| Portsmouth city, VA | $24.53 | $294.40 |
| Richmond city, VA | $16.80 | $201.60 |
| Roanoke city, VA | $15.51 | $186.08 |
| Salem city, VA | $14.97 | $179.68 |
| Staunton city, VA | $15.40 | $184.80 |
| Suffolk city, VA | $21.63 | $259.52 |
| Virginia Beach city, VA | $27.64 | $331.68 |
| Waynesboro city, VA | $15.35 | $184.16 |
| Winchester city, VA | $15.48 | $185.76 |
What Does Renters Insurance Cover in Virginia
Renters Insurance in Virginia typically covers personal belongings in a rented apartment. It can also cover unexpected bills such as hotel bills (that arises because you cannot use the rented apartment due to damage) and medical protection (if you are liable for someone's injury, renters insurance covers it). Many renters insurance providers add some extra insurance value to their package to attract customers. The limit to what the renters' insurance providers cover is dependent on how much you pay and the contract agreement between both parties. For a minimum personal property coverage of $4,000, you enjoy basic renters insurance cover. Farmers offer such low cost. You can also cover as much $150,000 worth of personal properties with rental insurance coverage. With a standard renters insurance plan in Virginia, your personal belongings will get replaced if the damage or loss to it happens as a result of the perils covered in the renters' insurance agreement, such as fire outbreak, theft, windstorms and vandalism. However, if you have an item that has a higher price than what your renters' insurance covers, the renters' insurance company will not replace it.
Best Renters Insurance Companies in Virginia Based on Consumer Ratings
The best renters insurance in Virginia has the best combination of useful coverage features, affordable pricing and efficient customer service. Consumer Ratings are one of the most reliable sources to find out more about renters insurance companies. Use reliable clearsurance to find consumer ratings for renters insurance providers; you can do an overview search in America or narrow it down to your specific state. The best renters insurance companies in Virginia include Lemonade Insurance company. Allstate, Liberty Mutual Insurance and Esurance, Inc. Lemonade Insurance Company, based on consumer reviews from clearsurance is the best of the lot. It has an impressive rating of 4.83 out of 5 from 949 customer reviews in the state of Virginia. An astonishing 96% of consumers rated their claim's experience as positive. Geico renters insurance in Virginia and AAA renters insurance in Virginia are good companies that offer some great renters insurance. According to consumer affairs, Geico renters insurance has a score of 3.5 out of 5, while AAA renters insurance has a rating of 2.0 out of 5. The table below shows customer ratings of the best renters insurance companies in Virginia. It is a table to help you spot a reliable renters insurance company based on others' reviews.
| Renters Insurance Company In Virginia | JD Power Rating | NAIC Rating |
|---|---|---|
| Allstate Ratings for Renters Insurance in Virginia | 0.31 | 0.31 |
| American Family Insurance Ratings for Renters Insurance in Virginia | 0.68 | 0.68 |
| Erie Ratings for Renters Insurance in Virginia | 0.17 | 0.17 |
| Farmers Ratings for Renters Insurance in Virginia | 0.39 | 0.39 |
| Liberty Mutual Ratings for Renters Insurance in Virginia | 0.53 | 0.53 |
| Nationwide Ratings for Renters Insurance in Virginia | 0.31 | 0.31 |
| State Farm Ratings for Renters Insurance in Virginia | 0.2 | 0.2 |
| Travelers Ratings for Renters Insurance in Virginia | 0.09 | 0.09 |
| USAA Ratings for Renters Insurance in Virginia | 0.15 | 0.15 |
| Chubb Ratings for Renters Insurance in Virginia | 0.14 | 0.14 |
| Virginia Farm Bureau Ratings for Renters Insurance in Virginia | 0 | 0 |
Compare Renters Insurance in Virginia for the Best Rates
The most effective way to find the best renters insurance in Virginia is to compare renters insurance in Virginia. This method is quite useful if you can take out time to go through the various options available. Set criteria to compare them before you start crossing out some possibilities. Are you looking for affordable renters insurance in Virginia, or do you want the most extensive coverage you can get? Answering this question will assist you in knowing what to eliminate and what to leave out. This way, when you spot the one that resembles your criteria, you will quickly identify it. Renters insurance companies offer varieties of options. If you a small renter insurance coverage with a low price, Erie, with an annual average rate of $104.20, is the choice for you. Other companies that offer renters insurance service include Erie, Safeco, Allstate, Travco and State Farm. Doing diligent research can help you unearth some fantastic discounts. Renters insurance providers offer discounts, especially if you have more than one insurance covers with them.