Owning a home in West Virginia means buying a home insurance policy,
especially if that home has a mortgage. But just because
lenders require coverage doesn’t mean that a West Virginia home
insurance policy has to be expensive. The key is knowing what
type of insurance to buy, tips for lowering premiums, and finally
shopping for multiple quotes. Fortunately shopping online
makes that easy – in fact, to find the best home insurance
companies in West Virginia, just click on the “Get Quotes”
Affecting West Virginia Home Insurance
Insurance companies use several different types of
information to determine the rate to charge for each policy.
Knowing what the primary elements are can help a homeowner
insure they are getting the best coverage at the lowest
- Construction – Homes made of brick will cost less to
insure than frame homes because brick is likely to suffer
less damage during the most common incidents, like fire or
- Age – New homes, with new heating, plumbing and
electrical systems represent a lower risk than older
systems which could fail due to age.
- Location – Is the home located in an area known for
severe windstorms, tornadoes or winter weather?
- Fire Protection – Having a fire station nearby lowers
rates; even having a fire hydrant in the front yard can
save money for consumers.
of West Virginia Home Insurance Policies
There are two primary coverage choices available for most
homeowners policies – Replacement Cost and Actual Cash Value.
Replacement cost provides the full amount of money needed to
repair or replace the home, up to the value of the policy.
Actual Cash Value deducts depreciation of the home or personal
property from the replacement cost. While an Actual Cash Value
policy costs less, it offers far less protection, so most
insurance experts recommend spending the few extra dollars to
buy Replacement Cost coverage.
Money on West Virginia Home Insurance
There are many other ways to lower the cost of a policy,
through discounts for a number of items most people would never
consider! For example:
- Non-Smoker Discount – Since statistically more fires
occur in homes occupied by smokers, families without
smokers get a break on rates.
- Security Devices – Spending a few dollars on smoke
detectors, fire extinguishers or dead bolt locks can make a
difference on premiums.
- Land Value – Even if something happens to the house,
the land remains unaffected. Make sure the policy only
covers the value of rebuilding the home or replacing the
contents, and does not include the value of the land.
- Remodeling – Replacing or upgrading the electrical,
plumbing or heating systems results in lower rates.
- Smart Pets – Some breeds of dogs affect home insurance
rates since it covers liability for incidents occurring in
the home. Think carefully before adding a Doberman, Pit
Bull, or Rottweiler to the family.
- Senior Discount – Seniors frequently spend more time at
home and thus can prevent or limit damage.
Best Way to Save on West Virginia Home
The absolute easiest way to reduce insurance premiums is by
shopping around. Each insurance company bases rates on their
experience in the region. Shopping around helps consumers find
the company with the best experience and thus the lower rates.
Fortunately it’s easy to get a bunch of free home insurance
quotes. Start by clicking the “Get Quotes” button below. You’ll
instantly receive a list of top West Virginia home insurance
companies. Click on at least four and request a free quote. In
no time you’ll have great home insurance coverage at the best
rate possible. Don’t wait a minute longer – click “Get Quotes”
For more money saving ideas, visit Saving Money on Home
For more information on flood insurance, visit Floodsmart.gov.