Best homeowners insurance in West Virginia of 2021

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One in every 20 insured homes has a claim each year. Given the volatile weather that the Mountaineer State experiences, you might pay more to protect your house, with an annual average premium of $1,003 for $250,000 in dwelling coverage.

To find the best provider, you can examine key factors such as customer satisfaction scores, financial strength through credit rating agencies and costs. A good rule of thumb is to compare multiple providers to find the best homeowners insurance companies to meet your coverage needs and budget.

Best homeowners insurance companies in West Virginia

When searching for the best providers, we took several factors into account, including customer satisfaction, rates, discounts, availability, coverage options and online options.

Home insurance company Average annual premium for $250K liability J.D. Power customer satisfaction score
Allstate $1,192 829/1000
Erie Insurance $942 839/1000
State Farm $1,017 829/1000
USAA $918 889/1000
Westfield Group $948 Not rated

Allstate

Allstate earns high marks for its financial strength and customer satisfaction, as it scored 829/1000 with J.D. Power & Associates. Allstate offers multiple lines of personal and business insurance products to customers, providing access to multi-line discounts and other features to make premiums more affordable when bundled together.

Erie Insurance

Erie placed top four in the 2020 U.S Home Study for Customer Satisfaction and has a long history of excellent financial strength, proving its ability to take care of their customers when they need it the most. Erie Insurance has competitive rates for home, auto, life and business insurance and is only offered in 12 states, with West Virginia fortunately being one of them.

State Farm

State Farm earns high marks, scoring 829/1000 from J.D. Power. The provider has a great reputation with credit reporting agencies, indicating it has the financial health to make good on its promises to policyholders. Founded in 1922, State Farm has helped American families with personal and business insurance for almost 100 years as one of the leading insurers in the nation and the top home insurance provider in West Virginia.

USAA

If you are in the military or are an eligible family member of a military member, USAA is one of the best options available. It earns the highest customer satisfaction rating, scoring 889/1000 with J.D. Power. USAA consistently offers some of the lowest rates. USAA also offers banking and investment products to military families and veterans, using its vast knowledge of the industry and unique family needs to help their customers.

Westfield Group

Westfield Insurance Group is small compared to some of the others on the list, with personal insurance only offered in 10 states. However, Westfield has had excellent ratings with AM Best since the company began in 1934 and ranked #1 in the North Central Region for Customer Satisfaction in the J.D. Power 2019 U.S. Auto Insurance Study. Even with fewer discounts than the larger companies, Westfield still has lower average rates for home insurance compared to the average in West Virginia.

Average homeowners insurance cost in West Virginia

The reason why West Virginia’s rates are a little higher is due to the weather. The state is more prone to flooding and severe weather, and weather events such as lightning, wind and hail continue to be the two biggest reasons for homeowner’s claims.

West Virginia’s average annual home insurance premium is $474 less than the national average of $1,477 for $250,000 in dwelling coverage. The average cost in West Virginia is slightly higher than neighboring Washington, D.C. at $930 and slightly lower than Maryland’s average annual premium of $1,113.

Home insurance considerations in West Virginia

When shopping for the best homeowners insurance in West Virginia, look for specific coverages and understand the common cause of losses in the state. This information can help you find the right policy coverage at the best price and provide peace of mind knowing you’ll be covered for the most common losses occurring in West Virginia.

Recommended coverages in West Virginia

Homeowner insurance policies consist of several different coverages. Some are included in the basic policy while others are considered optional or add-on coverage. To make sure your property is protected, we recommend these coverages on home insurance in West Virginia:

  • Loss of use coverage: Also called additional living expenses, this coverage pays for you to live somewhere else while your home is being renovated or rebuilt as the result of a covered claim. Without this coverage, you could have to pay to stay elsewhere while your home is uninhabitable.
  • Personal property coverage: The amount listed on the policy is the maximum amount the insurance company will pay to replace your belongings or home contents as the result of a covered loss. See which home insurance companies offer replacement cost on personal belongings, which may cost a bit more, but provides brand new belongings to replace depreciated items you already own.
  • Personal liability coverage: Having this coverage provides financial protection for claims made against you or other household members because of bodily injury or property damage to others. If you have animals, check to see if they are covered for bite liability, as not all homeowners insurance companies provide this specific option.
  • Wind and hail coverage: With these claims being the largest cause of property damage, having wind and hail coverage on your home insurance is vital. Ask about deductibles to find out if there is a special deductible for certain claimable events when you shop.

If your area is prone to flooding, it’s a good idea to get a quote for flood insurance. In West Virginia, flood is not covered under a homeowners insurance policy. Landslides and mudflows are also covered under flood insurance.

Common causes of homeowners insurance losses in West Virginia

Most homeowners insurance claims submitted are for dwelling and personal property damage. Here are the most common causes of homeowners insurance losses in the state of West Virginia:

  • Fire and lighting damage: Fire and lighting are the second most common cause of loss at 32.7% today.
  • Theft: Theft accounts for just 1% of claims, but it’s still the fourth most common claimable event. If you have high-value items, like fine arts or jewelry, check to see if you can schedule the item on your home insurance or a separate policy for the full value, so there’s no surprise in the amount you receive if you need to file a claim.
  • Water damage and freezing: At 23.8%, water damage from freezing or burst pipes is the third most common cause of loss on a home insurance policy in West Virginia. The average payout per claim in 2018 was $10,489 after the deductible is paid.
  • Wind and hail: The most common claim made against a home insurance policy is for wind and hail damage, accounting for 34.4% of claims. Discuss options for deductibles before a storm comes to make sure you’re prepared for the out-of-pocket cost in case you need to make a claim.

Frequently asked questions

What’s the cheapest homeowners insurance in West Virginia?

Your cost depends on a variety of factors such as the age of your dwelling, where you live in the state and how much coverage you require. Traditional carriers such as State Farm or Allstate are great choices because they provide a good mix of value and customer service. USAA is the smartest choice if you’re in the military because of the service and affordable rates.

How do I get homeowners insurance in West Virginia?

You can visit a carrier’s website to begin the quoting process. From there, many will contact you via phone, where you’ll have to answer questions about your home. If you prefer an in-person option, companies like Nationwide and State Farm have local agents who can guide you through the process.

Methodology

Bankrate utilizes Quadrant Information Services to analyze rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits:

  • Coverage A, Dwelling: $250,000
  • Coverage B, Other Structures: $25,000
  • Coverage C, Personal Property: $125,000
  • Coverage D, Loss of Use: $50,000
  • Coverage E, Liability: $300,000
  • Coverage F, Medical Payments: $1,000

The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).

These are sample rates and should be used for comparative purposes only. Your quotes may be different.

Rates are determined based on 2020 Quadrant Information Services data.