Virginia insurance companies

Virginia insurance companies are licensed entities in Virginia that sell and service insurance products such as auto, home, health, and life policies. The State Corporation Commission (SCC) regulates over 1,500 insurers operating in Virginia, including Allstate for auto coverage and Anthem for health plans.

Companies must comply with Title 38.2 of the Code of Virginia to maintain licensure, per the Insurance Information Database. Many offer online quotes; for example, GEICO provides instant rate comparisons through its website.

Financial strength ratings from agencies like AM Best assess company stability–State Farm holds an A++ rating as of 2024. Insurers must participate in the Virginia Property Insurance Association if they write property insurance, ensuring high-risk properties can access basic coverage.

Consumer complaint ratios published by the SCC show USAA had fewer complaints per policyholder than Progressive in 2023. Major employers headquartered in Virginia include Genworth Financial and Markel Corporation, both specializing in specialty lines and long-term care insurance respectively.