Chesapeake Insurance Rates:

Chesapeake, VA home insurance is roughly $638 to $864, about $53-$72/month. Our extensive research reveals consumers can save as much as $300 by getting different quotes

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Chesapeake Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Travelers
Home Insurance Rate of $740/9 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $300,000

3 Beds, 3 Baths 1910 sqft Vacation Property Constructed In 1971 with Hardwood Flooring, Membrane Roof, Slab Foundation, Wood siding, Metal Frame Construction. Home Features Include Deadbolt Locks, Copper Water Pipes, Swimming Pool, Central Air Conditioning, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

38 Years old Divorced Male who has a Part Time Job with household income of less than $25,000 and has 3 Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 600-649 Credit Score

  • Seniors staying at home

Home Insurance Rate of $670/4 months for $400000-$500000 Coverage
Policy Holder Home Details :

Home Value : $465,000

5 Beds, 5 Baths 3350 sqft Primary Residence Constructed In 1974 with Linoleum, Asphalt Shingles Roof, Piers Foundation, Brick siding, Wood Frame. Home Features Include Swimming Pool, Central Air Conditioning, Copper Water Pipes, Deadbolt Locks, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

60 Years old Divorced Female who is Retired and has 1 Pet and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 500-549 Credit Score

  • Guests at home

Home Insurance Rate of $1330/6 months for $600000-$700000 Coverage
Policy Holder Home Details :

Home Value : $620,000

5 Beds, 5 Bath 3990 sqft Rental Property Constructed In 1981 with Hardwood Flooring, Membrane Roof, Chainwall Foundation, Wood siding, Brick Frame. Home Features Include Deadbolt Locks, Swimming Pool, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

28 Years old Single Male who is a Freelancer with household income of $100-$150,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 700-749 Credit Score

  • Guests at home

Home Insurance Rate of $1580/9 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $415,000

5 Beds, 5 Baths 3410 sqft Rental Property Constructed In 1973 with Wood Flooring, Metal Roof, Slab Foundation, Brick siding, Wood Frame. Home Features Include Swimming Pool, Deadbolt Locks, Fire Extinguisher, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

64 Years old Divorced Female who is Unemployed and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 800-850 Credit Score

Home Insurance Rate of $140/3 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $280,000

4 Beds, 4 Baths 1790 sqft Seasonal Residence Constructed In 2008 with Carpet over wood flooring, Shingles Roof, Chainwall Foundation, Brick siding, Wood Frame. Home Features Include Swimming Pool, Indoor Sprinklers, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

73 Years old Single Male who is a Freelancer with household income of $25-50,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 700-749 Credit Score

  • Seniors staying at home

Home Insurance Rate of $350/3 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $385,000

4 Beds, 4 Baths 2650 sqft Primary Residence Constructed In 1992 with Carpet Flooring, Composition Roof, Slab Foundation, Stucco siding, Wood Frame. Home Features Include Fireplace, Indoor Sprinklers, Smoke Alarm, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

49 Years old Single Female who is Unemployed with household income of less than $25,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 550-599 Credit Score

Home Insurance Rate of $410/8 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $165,000

3 Beds, 3 Baths 1420 sqft Seasonal Residence Constructed In 2008 with Carpet Flooring, Membrane Roof, Piers Foundation, Stucco siding, Stucco Construction. Home Features Include Copper Water Pipes, Central Air Conditioning, Deadbolt Locks, Indoor Sprinklers, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

54 Years old Single Male who is a Freelancer with household income of $100-$150,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 650-699 Credit Score

  • Guests at home

Home Insurance Rate of $120/1 month for $175,000-$200,000 Coverage
Policy Holder Home Details :

Home Value : $155,000

4 Beds, 4 Baths 2212 sqft Rental Property Constructed In 1990 with Ceramic Tile Flooring, Shingles Roof, Slab Foundation, Vinyl siding, Brick Frame. Home Features Include Central Air Conditioning, Fire Extinguisher, Fireplace, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

69 Years old Single Female who has a Full Time Job with household income of $75-$100,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 800-850 Credit Score

Chesapeake, VA Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
23320 $252,000 $760
23323 $243,500 $750
23325 $211,200 $740
23324 $168,600 $720

Chesapeake Rates & Quotes Analysis:

Chesapeake Area Estimated House Insurance
Luxford Ct, Bridge Dr, Freemas St, Watercrest Pl, Steeton Ct, Monaco Cir, Sir Tristram Ct, Omar St, Autumn Oaks Dr, Weatherby Ct$760
Gainsborough Sq, Heathway Trl, Byrd Ct, Butternut St, White Cedar Dr, Kirkwall Ct, Deans Ct, Contrell Ct, Devonshire Dr, Callison Dr$728
Edgewood Ave, Morningside Dr, Edgewood Arch, Tanglewood Trl, Pepper Tree Ln, Holly Ridge Dr, Bayberry Pl, Paddington Ct, Candlelight Dr, Martin Johnson Rd$765
Thomas Ln, Decatur St, River Birch Run S, Rice St, Lords Landing Ct, Albemarie Ct, Hagenspring Rd, Ferryman Quay, Virginia Ave, Meadowhill Ct$764
Epping Ct, Fernwood Farms Ct, Quaker Pl, N Bugle Dr, Kegman Rd E, Gratton St, Saint Andrews Reach, Tangerine Trl, Tournament Dr, Causeway Dr$769
Coachman Dr, Heritage Cir, Kenny Ln, Jefferson St, Fenway Ave, Gauntlet Ct, Becca Anne Ct, Wisecamp Ct, Red Cedar Ct, Woodards Ford Rd$727
Challis Dr, Sweet Leaf Pl, Madrid Pl, Water View Cir, Hathaway Ct, Pelham St, Tamer Ave, King Arthur Ct, Pine Grove Ln, Hempstead Ct$729
Washington Dr, Bishop St, Springdale Rd, Piney Point Way, Royal Ct, Askew Rd, Volvo Penta Dr, Old Dock Landing Rd, Eider Ct, Knells Ridge Dr$771
Maple Forest Ct, Wildwood Rd, Rystrom Run, Habitat Xing, Fisher Ave, King Richard Way, Larkspur Ln, Waverton Ct, Saint Lawrence Dr, Marsh Island Dr$760
Hinksley Ct, Harbor Watch Dr, Sawtooth Cir, Ridge Cir, Channing Way, Monroe Ct, Rhodes St, Mathews Ct, Hilltop Ct, Twin Cedar Trl$765

Insurance rates are influenced by a number of factors including:

  • Year Built: 12,804 Homes (15% of total) built between 1970 to 1979 in Chesapeake are paying home insurance between $1,216-$1,227 and differs from Carrollton (+$20), Poquoson (+$26), York County (+$29), Portsmouth (-$42) and South Mills(NC) (-$208).
  • Bedrooms: 21,784 4 bedrooms homes (26% of total homes ) in Chesapeake are paying about $765 in contrast with Virginia Beach (+$3), Carrollton (+$12), Poquoson (+$16), Portsmouth (-$20) and South Mills(NC) (-$13).
  • Auto Insurance Bundling: 25,592 Households (44% of all households) in Chesapeake have 2 vehicles available and when it is bundled with home insurance you can save $150. Discounts for similar bundling in close by locations such as Portsmouth, South Mills (NC), Moyock (NC)come to $144, $124, $126 respectively.
  • Senior Discounts: 24,031 seniors (more than 55 years) occupied housing units (41% of total) in Chesapeake get discounts between $112 to $114. The comparative concessions in proximate regions such as Portsmouth, South Mills(NC) and Moyock(NC) are $108, $93 and $94 respectively.
  • New Homes discounts: New homes such as the 38,627 homes built between 2000 to 2009 in Chesapeake can save $150 and varies from Portsmouth ($144), South Mills(NC) ($124), Moyock(NC) ($126).

Chesapeake Homeowners insurance Facts

  • Chesapeake, VA has 57,875 owner occupied houses which is 72.9% of all units whereas Portsmouth, South Mills and Moyock have 58.95%, 92.49% and 85.58% respectively.
  • Chesapeake, VA homeowners yearly insurance price at $750 is 0.28% of the typical house value of $267,700 which is in contrast with 0.39% in Portsmouth, 0.28% at South Mills & 0.25% in Moyock.
  • Homeowners in Chesapeake, VA pay 6.0% of their income ($10,000 to $14,999) in insurance whereas homeowners in Portsmouth, South Mills and Moyock pay 5.79%, 4.98% and 5.05% respectively.
  • Chesapeake, VA’s insurance is 3.3% of monthly housing costs of $1,892/month, for owners with a mortgage compared to 4.0% in Portsmouth, 2.68% at South Mills & 2.97% in Moyock. But, for households without a mortgage, insurance is 11.7% of costs ($534 in Chesapeake, VA) in contrast with 11.65% in Portsmouth, 12.89% at South Mills & 15.56% in Moyock.

Chesapeake, VA Home Values & Insurance rates

For example, insurance for 4,737 Homes (9.0% of total homes ) valued between $175,000 to $199,999 in Chesapeake, VA is about $525. Rates in nearby areas in such as South Mills, Moyock, Virginia Beach are cheaper by $9, $65, $13 respectively while Portsmouth and Norfolk are costlier by $213 and $127 respectively for similar homes.

Chesapeake, VA Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 2,267 4.0% $67
$100,000 to $124,999 1,097 2.0% $307
$125,000 to $149,999 2,052 4.0% $382
$150,000 to $174,999 4,045 8.0% $450
$175,000 to $199,999 4,737 9.0% $525
$200,000 to $249,999 10,345 21.0% $630
$250,000 to $299,999 9,373 19.0% $765
$300,000 to $399,999 13,713 28.0% $975

Renters Insurance in Chesapeake

  • Average Renters Insurance in Chesapeake :  $125($10/month)

  • Median Gross Rent in Chesapeake :  $1,113

  • Chesapeake Renters Insurance to Median Rent Ratio:  0.9%

  • Renter occupied housing units in Chesapeake :  21,505

Chesapeake Renters Insurance as a Percentage of Rent

Chesapeake Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 375 1.0% $331
$200 to $299 413 1.0% $781
$300 to $499 652 3.0% $1231
$500 to $749 1,781 8.0% $1906
$750 to $999 4,914 23.0% $2656
$1,000 to $1,499 8,057 38.0% $3781
$1,500 or more 4,513 21.0% $5431

Rent Affordability in Chesapeake:

Approximately 45.0% (9,778) of households are spending more than 35% of their income on gross rent in Chesapeake

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 1,853 8.0%
15.0 to 19.9 percent 2,286 10.0%
20.0 to 24.9 percent 2,677 12.0%
25.0 to 29.9 percent 2,925 13.0%
30.0 to 34.9 percent 1,986 9.0%
35.0 percent or more 9,778 45.0%

Chesapeake Renters Insurance Discounts:

Chesapeake Renters Insurance Discounts by Number of Vehicles in Renter Occupied Housing Units

Number of Vehicles in Chesapeake, VA Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 9,240 42.0% $12.5
2 vehicles available 7,691 35.0% $18.75
3 or more vehicles available 2,427 11.0% $25.0

Protective device discount in Chesapeake Up to :  $18

Claims-free discount in Chesapeake Up to :  $25