Finding the Best Homeowners Insurance in West Virginia
Finding the best homeowners insurance in West Virginia is as vital as getting homeowner insurance coverage for your home. Here is an interesting fact that reflects how important homeowners insurance coverage is in West Virginia. According to the Insurance Information Institute, an estate 1 in every 20 homeowners insurance covered homes makes a claim yearly. These statistics reflect how vital homeowners insurance is in West Virginia. According to it, one out of 20 neighbours tends to have repairs or replacement issues in their homes. It can easily be attributed to the volatile weather that the Mountain State experiences. West Virginia is the 23rd most expensive state for homeowners insurance in the United States. West Virginia has an average cost of homeowners insurance of $1,416 per year, a few dollars cheaper than the average cost of homeowners insurance nationwide, which is $1,445 per year. There are several factors to examine before choosing a homeowner insurance company in West Virginia. Generally, homeowners insurance companies will reimburse the cost of damaged items in your home if hazard events cause it. If the items include expensive ones like jewellery and artworks, you have to purchase a separate policy.
| West Virginia Homeowners Insurance Cost Broken Down | Costs |
|---|---|
| Yearly Cost of Homeowners Insurance in West Virginia | $1,577.00 |
| Costs Per Month for Homeowners Insurance in West Virginia | $131.42 |
How Much is Homeowners Insurance in West Virginia
The average cost of homeowners insurance in West Virginia is a few dollars below the national average of $1,445 per year (2020). West Virginia is the 23rd most expensive state in the United States for homeowners insurance. This makes it more affordable than 27states out of 50 states in the United States and more expensive than 22 states out of 50. Homeowners insurance rates in West Virginia are on edge between been affordable and expensive for homeowners. If you are own a house in West Virginia without a homeowners insurance policy, you may be taking in too much of a risk. The unpredictable and volatile weather combines to make the state average homeowners insurance somewhat expensive. Other factors homeowners insurance companies look at including the cost of the rebuild and the home location. You are missing out on quality insurance protection for your home if you elect to go without one. The cheapest city for homeowners insurance in West Virginia is Martinsburg, with an average homeowners insurance of $1,116, which is 21 per cent less than the state average. The costliest city for homeowners insurance in West Virginia is Huntington, with a yearly average of $1,495, which is 6 per cent more expensive than the state average. In Mountaineer State, the average annual price of homeowners insurance is $1,416, a few dollars off the national average of $1,441. The average monthly price of homeowners insurance in West Virginia is $118. The percentage of homeowners occupied 30% or more on rent and utilities in West Virginia is 39.6%, ranking it as the 44th state with the lowest rate.
| City in West Virginia | Monthly Costs | Yearly Costs |
|---|---|---|
| Charleston, WV | $112.33 | $1,348.00 |
| Huntington, WV | $124.58 | $1,495.00 |
| Morgantown, WV | $95.67 | $1,148.00 |
| Parkersburg, WV | $103.50 | $1,242.00 |
| Wheeling, WV | $96.67 | $1,160.00 |
| Weirton, WV | $99.17 | $1,190.00 |
| Fairmont, WV | $100.83 | $1,210.00 |
| Martinsburg, WV | $93.00 | $1,116.00 |
| Beckley, WV | $118.25 | $1,419.00 |
| Clarksburg, WV | $96.08 | $1,153.00 |
| Teays Valley, WV | $111.83 | $1,342.00 |
| South Charleston, WV | $109.25 | $1,311.00 |
| Vienna, WV | $101.42 | $1,217.00 |
| St. Albans, WV | $112.08 | $1,345.00 |
West Virginia Homeowners Insurance Laws
West Virginia homeowners insurance laws do not insist on homeowners having a homeowners insurance policy. Thus, homeowners have the liberty to decide if they want to pursue homeowners insurance for their homes or not. Note that there are still general regulations for the insurance industry that guide and monitor homeowners' insurance policy of homeowners insurance companies. What are West Virginia homeowners insurance requirements? There are no requirements for West Virginia homeowners insurance. Mortgage companies may insist on you taking homeowners insurance as one of their requirements for a mortgage. What mortgage companies are trying to do is to protect its asset from damages and as a situation in which you will be unable to pay for the damages. Homeowners Insurance is beneficial to homeowners. If you do not own one in West Virginia with the unpredictable and volatile weather that brings its chaos, you are taking a big gamble. Homeowners insurance covers damages to your home. Without it, you are responsible for your liability. In calamity situations, you will have to pay up from your pocket. With homeowners insurance, the insurance company will cover the cost as long as it is one of the covered perils in its homeowners' insurance policy.
What Does Homeowners Insurance Cover in West Virginia
What homeowners insurance covers in West Virginia is the question you should first ask before committing to purchasing a homeowners insurance policy. Please do not assume that it will cover your home and your belongings. Yes, all homeowners insurance covers those two areas, but you have to note that there are limits to coverage according to different homeowners insurance companies and plans. Also, homeowners insurance does not cover all calamities that happen to your home and properties. Some aspects do not count as part of the average homeowners' insurance policy. What does homeowners insurance cover in West Virginia? The answer to this is that it protects your dwelling place (home) and property in the event of calamities caused by its covered perils. Some of the common examples of perils all homeowners insurance companies offer protection against include fire, wind, lightning, theft and burglary, and vandalism. If you are searching for homeowners insurance in West Virginia, makes sure you get a comprehensive list and explanation and what the homeowners' insurance policy covers and what it does not cover. What does homeowners insurance not cover in West Virginia? Damages caused by the flood. You have to purchase separate insurance for this coverage.
| Costs of Home Insurance in West Virginia by County | Monthly Average Costs | Yearly Average Costs |
|---|---|---|
| Barbour County, WV | $75.42 | $905.00 |
| Berkeley County, WV | $67.50 | $810.00 |
| Boone County, WV | $86.42 | $1,037.00 |
| Braxton County, WV | $77.33 | $928.00 |
| Brooke County, WV | $70.67 | $848.00 |
| Cabell County, WV | $80.67 | $968.00 |
| Calhoun County, WV | $79.92 | $959.00 |
| Clay County, WV | $77.92 | $935.00 |
| Doddridge County, WV | $71.83 | $862.00 |
| Fayette County, WV | $79.58 | $955.00 |
| Gilmer County, WV | $73.92 | $887.00 |
| Grant County, WV | $70.83 | $850.00 |
| Greenbrier County, WV | $71.17 | $854.00 |
| Hampshire County, WV | $71.17 | $854.00 |
| Hancock County, WV | $72.92 | $875.00 |
| Hardy County, WV | $71.17 | $854.00 |
| Harrison County, WV | $72.08 | $865.00 |
| Jackson County, WV | $83.42 | $1,001.00 |
| Jefferson County, WV | $67.08 | $805.00 |
| Kanawha County, WV | $78.33 | $940.00 |
| Lewis County, WV | $72.25 | $867.00 |
| Lincoln County, WV | $90.58 | $1,087.00 |
| Logan County, WV | $98.42 | $1,181.00 |
| Marion County, WV | $71.50 | $858.00 |
| Marshall County, WV | $73.08 | $877.00 |
| Mason County, WV | $83.17 | $998.00 |
| McDowell County, WV | $104.67 | $1,256.00 |
| Mercer County, WV | $88.00 | $1,056.00 |
| Mineral County, WV | $70.42 | $845.00 |
| Mingo County, WV | $107.75 | $1,293.00 |
| Monongalia County, WV | $69.42 | $833.00 |
| Monroe County, WV | $76.33 | $916.00 |
| Morgan County, WV | $70.50 | $846.00 |
| Nicholas County, WV | $73.92 | $887.00 |
| Ohio County, WV | $70.25 | $843.00 |
| Pendleton County, WV | $71.17 | $854.00 |
| Pleasants County, WV | $71.08 | $853.00 |
| Pocahontas County, WV | $79.92 | $959.00 |
| Preston County, WV | $71.83 | $862.00 |
| Putnam County, WV | $74.75 | $897.00 |
| Raleigh County, WV | $76.50 | $918.00 |
| Randolph County, WV | $80.83 | $970.00 |
| Ritchie County, WV | $74.67 | $896.00 |
| Roane County, WV | $78.83 | $946.00 |
| Summers County, WV | $81.08 | $973.00 |
| Taylor County, WV | $72.58 | $871.00 |
| Tucker County, WV | $75.83 | $910.00 |
| Tyler County, WV | $71.17 | $854.00 |
| Upshur County, WV | $74.42 | $893.00 |
| Wayne County, WV | $92.50 | $1,110.00 |
| Webster County, WV | $78.58 | $943.00 |
| Wetzel County, WV | $71.00 | $852.00 |
| Wirt County, WV | $80.42 | $965.00 |
| Wood County, WV | $77.92 | $935.00 |
| Wyoming County, WV | $89.67 | $1,076.00 |
Top Rated Homeowners Insurance Companies in West Virginia Based on Ratings
West Virginia homeowners insurance companies list include Travelers, Nationwide, Allstate, USAA, State Farm, Erie and others. To help us locate the best homeowners insurance companies in West Virginia, we considered several variables: prices, customer service, coverage options, and financial stability. The best insurance company for most people is Nationwide. The best homeowners insurance company for complete coverage is Erie. The best homeowners company for mobile homes is State Farm. The best homeowners insurance company for military families is USAA. We had to scan through several companies offering homeowners insurance in West Virginia to come up with this shortlist for you. Erie homeowners insurance in Arkansas is the overall best, according to our data and J.D Power ranking, a reliable source for insurance companies ratings. Erie has an NAIC value of 0.18. It has a J. D. Power rating of 5 out of 5 and an A. M Best rating of A+. State Farm has an NAIC value of 0.20. It has a J. D. Power rating of 4 out of 5 and an A. M Best rating of A++. USAA has an NAIC value of 0.15. It has a J. D. Power rating of 5 out of 5 and an A. M Best rating of A++.
| West Virginia Home Insurance Company | JD Power Rating | NAIC Rating |
|---|---|---|
| State Farm Ratings for Homeowners Insurance in West Virginia | 4/5 | 0.2 |
| Erie Ratings for Homeowners Insurance in West Virginia | 5/5 | 0.18 |
| Nationwide Ratings for Homeowners Insurance in West Virginia | 2/5 | 0.31 |
| Allstate Ratings for Homeowners Insurance in West Virginia | 3/5 | 0.31 |
| Liberty Mutual Ratings for Homeowners Insurance in West Virginia | 2/5 | 0.53 |
| USAA Ratings for Homeowners Insurance in West Virginia | 5/5 | 0.15 |
| Westfield Ratings for Homeowners Insurance in West Virginia | N/A | 0.12 |
How to Lower Homeowners Insurance in West Virginia
West Virginia homeowners insurance discounts are available for most West Virginia homeowners insurance companies. To find out what homeowners insurance company is offering discounts and at what percentage off the price, you have to visit their websites to find out more about this. Homeowners insurance companies in West Virginia use discounts as fuel to attract buyers to purchase their homeowners' insurance. The average price of homeowners insurance in West Virginia is $1,416, about a few dollars lower than the national average at $1,445. The cheapest homeowners insurance company in West Virginia with the best value is Eerie for its primary homeowners' insurance package. Eerie package cost $598 a year, which is almost a massive $900 cheaper than the state average. Whether West Virginia homeowners' insurance figure is likely to increase in 2021 or reduce in 2021 is still yet to be known. Homeowners insurance companies can offer you lower homeowners insurance in West Virginia if you use more another insurance product from the same company. Installing a home security camera and fire alarm system can also lower your homeowners' insurance cost.
Compare Homeowners Insurance in West Virginia Before Buying
It is an excellent idea to compare homeowners insurance if you want to find affordable or best value homeowner insurance in West Virginia. Shopping for homeowners insurance in West Virginia is easy if you follow a clear roadmap. A simple google search can provide you with most of the information you need. Affordable homeowners in West Virginia requires a bit of research to find. We have helped you with that and found Eerie the cheapest homeowner insurance company with a basic package starting at $598. The price quote for homeowners insurance in West Virginia varies depending on the location. When doing your research, make sure you factor in the homeowners' insurance covers and what it does not cover. After doing this, compare the prices and the offering to pick the best for you.