Great Falls, VA Homeowners Insurance Rate Quotes!

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Are you unsure which Great Falls, VA homeowners insurance package is right for you?

If you are confused about which home insurance policy is the best fit for you in the Great Falls area, then you have come to the right place. We strive to help everyone in your area find more affordable homeowners insurance rates with enhanced coverage benefits for that added protection when you need it the most. Why not protect your most valuable investment? When we compare your free home insurance rate quotes, we also apply additional home insurance discounts that may help you improve your coverage and save you money on your monthly premium. To get your free Great Falls homeowners insurance rates, just enter your zip code to start your hassle free shopping experience.

How to Compare the Best Great Falls Home Insurance Rates

One of the many questions we get from customers living in Great Falls, VA has to do with comparison shopping. Homeowners are interested in what the average rates are for a standard homeowners insurance policy in Fairfax County. Homeowners of Great Falls, VA currently pay $998 a year ($83 a month) for a standard HO-3 policy on average, where the majority of the United States home insurance premiums are estimated to be around $1311. When we shop and compare rates for you it is likely to expect a range of quoting and coverage options that may be as low as $748 a year to $1,298 a year or higher depending on the replacement cost coverage, your preferred deductible plan and the discounts that we can apply to help you save a little extra every month. It's not uncommon with all discounts applied including a home and auto package that savings can be in the range of 40% or more. Let us help you discover more affordable Great Falls home insurance rates today for your home. Shop online or give us a call now: 1-855-976-2656.

Great Falls Demographics & Housing Facts

SourceValue
Location:Great Falls, VA (FAIRFAX County)
Population:18,099
Occupied Residents:5,830
Average Real Estate Value Per Zip Code:$1,084,200

Compare Homeowners Insurance Rates in Great Falls, VA!

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Get up to 12 competitive Great Falls, VA homeowners insurance rates all in one place!

Enter your Zip Code:    
Easily compare up to 12 competitive Great Falls, VA rates all in one place!

Great Falls, VA Home Insurance Companies

With over 20+ years of Virginia homeowners insurance coverage and quoting experience, we enjoy helping customer find the best price and coverage options for your home in Great Falls, VA. Our new carrier platform includes quick rates from the very best insurance companies, like Liberty Mutual, Safeco Insurance, Tower Hill, ShoreOne, Kind Group Underwriting, AIG, Chubb, Travelers, National General and Heritage Insurance. Getting the best insurance rates with the right insurance company is key to protecing your Great Falls home. Let us help you shop the best rates and coverages today!

Review the Best Virginia Home Insurance Rates Today!

Average Rates Nearby Great Falls

Are you looking for homeowners insurance in a city near Great Falls? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in Great Falls, VA

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Great Falls.

22066,     

Great Falls, VA Home Insurance Average Premiums

Local Great Falls, VA home insurance quotes comparison

$748 /yr.

Shows Great Falls's lowest average rates with discounts applied.

For the city of Great Falls, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:Annual Premium
1800 sq. ft. or below
(discounts applied)		$748 /yr.
Average Coverage:$998 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1298 /yr.

What is the average home insurance cost for a home in Great Falls, VA?

  • • The average homeowners insurance premium paid annually for a home in Great Falls is around $998 per year.

What does it cost on average per month for home insurance in Great Falls, VA?

  • • Homeowners in Great Falls pay an average cost per month around $83.00 for insurance coverage.

Great Falls, VA Coastal Wind, Hail & Flood Information

Great Falls is located in a coastal county which greatly increases the risk of hurricanes and windstorms. Our quoting process will include wind and hail coverage options to give you the best protection you need against high winds and storm damage.

Great Falls, VA - 2023 Housing Information

Month Current Home Value (2023) Last Year Home Value (2022)
January $1,464,949 $1,376,794
February $1,462,352 $1,402,418
March $1,465,427 $1,430,942
April $1,475,381 $1,456,476

Homeowners insurance will help cover the cost to repair or replace your Great Falls home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:

  • Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Great Falls
  • Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
  • Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
  • Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
  • Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.
Enter your Zip Code:    

Get up to 12 competitive Great Falls, VA homeowners insurance rates all in one place!

Enter your Zip Code:    
Easily compare up to 12 competitive Great Falls, VA rates all in one place!

Saving Money Tips on Great Falls Home Insurance

A great way to save money on Great Falls homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:

  • Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
  • Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
  • Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
  • Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.

Are you shopping for the best rate near or wihin the Great Falls area? Check out what homeowners are paying on average for Virginia homeowners insurance.

Elevation Review for Coastal Wind or Flooding Risk

Elevation Details Homeowners Tips
387 ft. This is the average home elevation in Great Falls, VA

» Elevation is crucial to a homeowners insurance policy because it determines the risk of your home being in a flood zone which is particularly important in a coastal state such as Great Falls, Virginia.

A standard homeowners policy does not cover flood damage. If you live in a flood prone area, you will need to purchase a separate flood to fully protect your home.

Call Now for Flood Insurance Quotes: 888-620-1954!

Flood insurance can be purchased via the National Flood Insurance Program (NFIP) or in the private market. NFIP policies come with coverage caps and other restrictions so you may need to supplement your flood insurance coverage with a private market policy.

It's important to remember that flooding occurs in low and moderate risk areas as well. According to FEMA data, almost 25% of all flood claims come from low to moderate-risk areas.

To get online quotes on your home and compare rates on home insurance premiums in Great Falls, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Fairfax County.

Virginia Homeowners Insurance News & Information

  • Should I raise my deductible to $10,000 to help offset the cost of rising premiums? Posted on Wednesday 15th May, 2024

    According to industry reports, homeowners are raising their deductibles to $5,000 to $10,000 to help offset the cost of rising premiums.  While raising a deductible into the stratosphere will absolutely lower your homeowner insurance premium, it does mean that you will have to cover your deductible amount in the event you have to make a […]

  • Should I choose the minimum or maximum homeowners insurance coverage? Posted on Monday 13th May, 2024

    As homeowner insurance rates rise across the country, some homeowners are opting for policies that offer minimal coverage to keep their premiums affordable. Unfortunately, this choice will leave them at higher risk and in a position where they may have to pay more out of pocket if they have to make a claim on their […]

  • Texas is Seeing Major Increases in the Cost of Homeowners Insurance Posted on Tuesday 7th May, 2024

    Like much of the rest of the country, Texas is seeing major increases in the cost of homeowners insurance. According to an article in Austin American-Stateman, residents of Texas have seen their insurance rates go up 50.9% on average which is the largest increase in the country for that time period. Unfortunately, experts are predicting […]

  • Homeowners Below a 580 Credit Score Pay 35% More for Home Insurance Posted on Monday 15th April, 2024

    While the odds of a major disaster hitting a specific home is the same regardless of whether the owner has a great credit score or one that puts them in a subprime category, their credit score will impact their rate in many states.  In most states, insurers are allowed to consider credit scores when setting […]

  • The Best Way to Check the Financial Strength of Home Insurance Companies Posted on Wednesday 3rd April, 2024

    If you are switching insurance companies, you should always check the financial strength of any insurer you are seriously considering. While an affordable premium is always a plus, if your insurance company cannot afford to pay when you file a claim, the savings will certainly not be worth it.  A.M. Best is a credit rating […]

Great Falls, VA Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Great Falls so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.

What is the average replacement cost coverage in Great Falls, VA?

- The average square footage in Great Falls is around 2,987 Sq. Ft. which would cost you around $1,084,200 to replace the home if you base the home on the price to build per square foot of $363.

Minimum Replacement Cost Total: $1,084,200

Location: Great Falls, Virginia (Fairfax County)

Average Building Cost Per Square Foot in Great Falls: $363 (low end)

Average Square Footage in Great Falls: 2,987 Sq. Ft.

Home Improvement StatusPrice per Sq. Ft.Dwelling Coverage
None or Very Minor Improvements$363$1,084,200
Some Additional Upgrades$454$1,355,250
Major Home Updates or Advancements$545$1,626,300

The dwelling coverage is calculated by the average cost per square foot ($363) in Great Falls, Virginia times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $1,134,375 (Media price to build of $454 x 2500 sq. ft.) to cover the cost to rebuild your new home.

What is the difference between actual cash value and replacement cost value?

Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:

Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.

Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.