Cheapest & Best Renters Insurance In Virginia Beach 2025
Auto-Owners offers some of the most affordable renters insurance in Virginia Beach, VA, with an average monthly cost of around $8. However, Amica is often considered the best choice for renters insurance in the region.
We’ve saved shoppers an average of $200 per year on their renters insurance.
Auto-Owners provides the cheapest renters insurance in Virginia Beach, with an average monthly rate of about $8. However, if you care about additional coverage, superior customer service, and bundling discounts, Amica is a better choice, though it comes at a higher cost of around $22 per month.
Neptune City – Virginia Beach experiences over 7,500 property crimes each year, impacting approximately 17 out of every 1,000 residents. Having renters insurance is a wise decision, offering protection for your belongings, financial security, and peace of mind.
Cheapest Renters Insurance Companies In Virginia Beach
If you’re looking for low-cost renters insurance in Virginia Beach, Auto-Owners provides the most affordable option, with rates averaging around $8 per month. To help you compare, the table below highlights the five cheapest providers.
| Company | Average Monthly Cost |
| Erie | $11 |
| Auto-Owners | $8 |
| Nationwide | $15 |
| Safeco | $10 |
| Allstate | $12 |
Best Renters Insurance Companies In Virginia Beach
Auto-Owners is a reliable option for renters in Virginia Beach seeking affordable insurance. However, the cheapest choice might not always provide the best coverage or customer service. In my view, Amica stands out as the top provider in the area. It offers exceptional service, a range of additional coverage options, including flood add-ons, and the chance to save on premiums through some of the best bundling discounts available.
| Company | Average Monthly Cost |
| State Farm | $20 |
| Farmers | $24 |
| Nationwide | $15 |
| Amica | $22 |
| Progressive | $21 |
Average Cost Of Renters Insurance In Virginia Beach
In Virginia Beach, renters insurance usually costs about $21 per month or $252 per year. However, your actual rate may differ based on factors such as coverage limits, location, deductible, and the insurer’s pricing structure. To help you compare, the table below lists average rates from five top providers in the city.
| Company | Average Monthly Cost |
| Amica | $25 |
| Erie | $13 |
| Farmers | $26 |
| Nationwide | $19 |
| State Farm | $22 |
Average Cost Of Renters Insurance In Virginia Beach By Deductible
A deductible is the amount you pay out of pocket before your renters insurance kicks in to cover a claim. Choosing a higher deductible can lower your monthly premium, while a lower deductible typically means higher monthly costs. The table below illustrates how renters insurance rates in Virginia Beach change based on different deductible options.
| Deductible Amount | Average Monthly Cost |
| $250 | $21 |
| $500 | $20 |
| $1,000 | $19 |
| $1,500 | $18 |
| $2,000 | $16 |
Factors That Impact Renters Insurance Costs In Virginia Beach
Several factors affect the cost of renters insurance in Virginia Beach:
Home Safety Features: Installing security systems, smoke detectors, or sprinkler systems can reduce risks and may help you qualify for discounts.
Claim History: If you’ve filed multiple claims in the past, insurers may consider you a higher risk, leading to increased premiums.
Coverage Limits: Choosing higher coverage amounts or adding protections like replacement cost coverage or identity theft protection can raise your premium.
Location: Living in areas with high crime rates or increased risks from natural disasters, such as hurricanes, can drive up insurance costs.
Credit Score: Insurance providers often factor in your credit score—lower scores generally result in higher premiums.
Deductible Amount: A higher deductible can lower your monthly premium, while a lower deductible increases costs since the insurer takes on more risk.
Common Causes Of Loss In Virginia
Renters in Virginia face several risks, including theft, fire, water damage, hurricanes, and floods. Understanding these threats helps tenants choose the right insurance policy to protect their belongings and finances.
Theft
With over 7,500 property crimes reported annually in Virginia Beach and more than 146,000 across Virginia, renters insurance is essential. It covers stolen belongings and may include liability protection if a visitor is injured. However, it doesn’t cover vehicle damage or rental unit repairs.
Flooding
Virginia’s coastal location makes it vulnerable to floods, which are not covered by standard renters insurance. Tenants must purchase separate flood insurance for full protection. Amica offers some of the most affordable flood add-ons in Virginia Beach.
Hurricanes and Storms
Virginia frequently experiences hurricanes and severe storms. Renters insurance typically includes storm-related damage coverage, helping tenants recover from extreme weather events.
Fire
Fires can spread quickly in apartment buildings, leading to major losses. Renters insurance helps cover the cost of replacing damaged belongings, easing financial strain.
Water Damage
Plumbing leaks, burst pipes, and roof issues can cause costly damage. While standard renters insurance generally covers internal water damage, it does not protect against flooding, making separate flood insurance necessary.
Additional Covered Losses
Many policies also provide coverage for vandalism, accidental damage, and certain natural disasters, offering renters extra financial security.
By recognizing these risks, renters can select the best insurance coverage to safeguard their belongings and maintain financial stability.
Our Methodology
When evaluating renters insurance providers, we considered key factors such as coverage options, pricing, claims handling, and customer service. Our research included gathering quotes from multiple insurers in Virginia Beach for standard policies offering $20,000 in personal property coverage and $100,000 in liability protection.
We also assessed deductible choices, additional coverage options for risks like floods and earthquakes, and potential discounts from bundling renters and auto insurance. Customer satisfaction played a crucial role in our analysis, with insights from sources like J.D. Power and Consumer Reports helping us identify insurers with strong claims processing and reliable service.
Additionally, we factored in Virginia Beach-specific risks, such as theft and water damage, which influence coverage needs. By examining these aspects, our guide provides a well-rounded comparison of renters insurance options in Virginia.
Quotes Analyzed
Brands Reviewed
Research Hours
Years Of Experience
About Bob Phillips
