Morgantown Insurance Rates:

Morgantown, WV home insurance is about $805 to $1,101, about $67-$91/month. Our complete guide indicates shoppers can save as much as $381 by comparing multiple quotes

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Morgantown Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
State Farm
Home Insurance Rate of $350/6 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $165,000

4 Beds, 4 Bath 1710 sqft Primary Residence Constructed In 1987 with Stone Flooring, Shingles Roof, Piers Foundation, Stone Siding, Metal Frame Construction. Home Features Include Deadbolt Locks, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

62 Years old Single Female who is Unemployed and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 650-699 Credit Score

Home Insurance Rate of $140/2 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $220,000

3 Beds, 3 Baths 2390 sqft Primary Residence Constructed In 1963 with Carpet Flooring, Metal Roof, Chainwall Foundation, Fiber-Cement Siding, Brick Frame. Home Features Include Deadbolt Locks, Fireplace, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

68 Years old Single Female who is a Freelancer with household income of $75-$100,000 and has 3 Pets and is a Non-Smoker

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

  • 550-599 Credit Score

Home Insurance Rate of $650/7 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $180,000

4 Beds, 4 Baths 2220 sqft Vacation Property Constructed In 1979 with Linoleum, Slate Shingles Roof, Piers Foundation, Wood siding, Stucco Construction. Home Features Include Fireplace, Smoke Alarm, Central Air Conditioning, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

48 Years old Married Female who has a Full Time Job with household income of $100-$150,000 and has 3 Pets and is a Smoker

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

  • 800-850 Credit Score

Home Insurance Rate of $670/12 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $150,000

3 Beds, 3 Bath 1370 sqft Rental Property Constructed In 1987 with Hardwood Flooring, Slate Shingles Roof, Piers Foundation, Brick siding, Brick Frame. Home Features Include Fireplace, Central Air Conditioning, Deadbolt Locks, Smoke Alarm, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

48 Years old Single Male who has a Part Time Job with household income of $25-50,000 and has More than 3 Pets at home and is a Smoker

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

  • 600-649 Credit Score

Home Insurance Rate of $390/10 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $105,000

2 Beds, 2 Bath 1290 sqft Rental Property Constructed In 1957 with Carpet over wood flooring, Metal Roof, Chainwall Foundation, Wood siding, Metal Frame Construction. Home Features Include Fireplace, Fire Extinguisher, Swimming Pool, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

69 Years old Single Male who has a Part Time Job with household income of less than $25,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 550-599 Credit Score

Home Insurance Rate of $140/5 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $200,000

3 Beds, 3 Baths 1750 sqft Vacation Property Constructed In 1956 with Stone Flooring, Asphalt Shingles Roof, Crawl Space Foundation, Fiber-Cement Siding, Brick Frame. Home Features Include Fire Extinguisher, Smoke Alarm, Swimming Pool, Copper Water Pipes, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

43 Years old Divorced Female who is Unemployed and has 3 Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 600-649 Credit Score

  • Seniors staying at home

Home Insurance Rate of $480/7 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $165,000

5 Beds, 5 Baths 1870 sqft Rental Property Constructed In 1958 with Carpet Flooring, Composition Roof, Slab Foundation, Fiber-Cement Siding, Metal Frame Construction. Home Features Include Swimming Pool, Indoor Sprinklers, Fire Extinguisher, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

34 Years old Divorced Male who has a Part Time Job with household income of $25-50,000 and has 1 Pet and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 750-799 Credit Score

  • Guests at home

Home Insurance Rate of $670/12 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $155,000

4 Beds, 4 Bath 1640 sqft Rental Property Constructed In 1982 with Carpet Flooring, Asphalt Shingles Roof, Chainwall Foundation, Vinyl siding, Brick Frame. Home Features Include Fireplace, Deadbolt Locks, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

44 Years old Divorced Female who is a Freelancer with household income of less than $25,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 750-799 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $690/8 months for $125,000-$150,000 Coverage
Policy Holder Home Details :

Home Value : $120,000

2 Beds, 2 Bath 1038 sqft Rental Property Constructed In 1953 with Carpet Flooring, Wood Shake Roof, Piers Foundation, Fiber-Cement Siding, Stucco Construction. Home Features Include Deadbolt Locks, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

48 Years old Married Female who is a Freelancer with household income of $25-50,000 and has 1 Pet and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 800-850 Credit Score

  • Seniors staying at home

Morgantown, WV Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
26508 $180,900 $980
26501 $126,400 $920

Morgantown Rates & Quotes Analysis:

Morgantown Area Estimated House Insurance
Sylvan Cir, Woodland Bluff Rd, Bowlby Rd, Woodland Cove Rd, Windham Pl, Plum Cir, Caddell St, Co Rd 73/12, Vista Pl, Buckeye Rd$902
Mulberry St, Tampa St, Overhill St, Manor Pl, Henderson St, Hogue St, Negley St, Denver Ave, Hawkins Run, N High St$923
Madora Dr, Gilmore St, Monongahela Blvd, Co Rd 68, Dayton St, Wise Rd, Fenwick Ave, Koontz Ave, T601, West Virginia Ave$953
Mayfield Ave, Beverly Ave, Tara Pl, Richard Ave, Co Rd 68/2, Shaffer Rd, Randall Ave, Ash St, Willowdale Rd, Freestone Way$959
S Hills Dr, Headlee Ave, Delrose Dr, Dunkard Ave, Mooresville Rd, Walnut St, Chaplin Rd, Nolan St, Astor Ave, Pythian St$905
Dents Rd, Grove St, Globe Ave, West St, Lane St, Poplar Woods Dr, Linden Ave, Greenbag Rd, Ted Wilson Dr, Ensign Ave$912
Montgomery Ave, Canterberry Dr, Poling Rd, Don Knotts Blvd, Ice S Ferry Rd, Eugeniva Ave, Falling Run Rd, Chalfant Aly, Overdale St, Gainer St$910
Marion Meadows Dr, Summits Ridge, Camp Mountaineer Rd, Foundry St, N Parkview Dr, Lindel St, Legion St, Bailey Cir, Brockway Ave, Monongahela Ave$960
Lashley St, Westwood Ave, Oak Ct, Master Graphics Rd, Vincent St, Holly Ln, Blacks Run Rd, Drummond St, Easton Hill Rd, Powell Ave$988
4th St, Park St, Bertha Hill Rd, Arbogast Ln, Erow Ave, Red Bud St, Kentucky St, Co Rd 41, Alpine Ave, 8th St$893

Insurance rates are influenced by a number of factors including:

  • Year Built: 1,886 Homes (14% of total) built between 1950 to 1959 in Morgantown are paying home insurance between $1,791-$1,805 and differs from Eastern (+$10), Cheat Lake (+$112), Brandonville (+$15), Westover (-$61) and Star City (-$46).
  • Bedrooms: 2,595 1 bedroom homes (20% of total homes ) in Morgantown are paying about $763 and varies from Eastern (+$4), Cheat Lake (+$47), Bridgeport (+$13), Westover (-$27) and Star City (-$20).
  • Auto Insurance Bundling: 655 Households (16% of all households) in Morgantown have 3 or more vehicles available and when it is bundled with home insurance you can save $238. Discounts for similar bundling in close by locations such as Central, Westover, Star City come to $238, $230, $232 respectively.
  • Senior Discounts: 2,274 seniors (more than 55 years) occupied housing units (56% of total) in Morgantown get discounts between $141 to $144 and varies from Central ($142), Westover ($138), Star City ($139).
  • New Homes discounts: New homes such as the 4,278 homes built between 2000 to 2009 in Morgantown can save $190 and similar new home insurance discounts in nearby towns and cities like Central, Westover and Star City are $190, $184 and $185 respectively.

Morgantown Homeowners insurance Facts

  • Morgantown, WV has 4,004 owner occupied houses which is 39.2% of all units whereas Central, Westover and Star City have 39.05%, 55.64% and 41.58% respectively.
  • Morgantown, WV homeowners yearly insurance price at $953 is 0.55% of the typical house value of $172,000 which is in contrast with 0.56% in Central, 0.75% at Westover & 0.69% in Star City.
  • Homeowners in Morgantown, WV pay 1.27% of their income ($75,000 or more) in insurance whereas homeowners in Central, Westover and Star City pay 1.27%, 1.23% and 1.24% respectively.
  • Morgantown, WV’s insurance is 7.2% of monthly housing costs of $1,106/month, for owners with a mortgage compared to 7.16% in Central, 7.78% at Westover & 7.33% in Star City. But, for households without a mortgage, insurance is 23.1% of costs ($344 in Morgantown, WV) in contrast with 23.75% in Central, 23.81% at Westover & 23.94% in Star City.

Morgantown, WV Home Values & Insurance rates

For example, insurance for 325 Homes (8.0% of total homes ) valued between $125,000 to $149,999 in Morgantown, WV is about $752. Rates in nearby areas in such as Eastern, Cheat Lake, Brandonville are cheaper by $24, $216, $41 respectively while Central and Westover are costlier by $9 and $269 respectively for similar homes.

Morgantown, WV Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 373 10.0% $133
$50,000 to $59,999 109 2.0% $285
$60,000 to $69,999 39 1.0% $352
$70,000 to $79,999 89 2.0% $409
$80,000 to $89,999 65 1.0% $466
$90,000 to $99,999 66 1.0% $524
$100,000 to $124,999 601 16.0% $600
$125,000 to $149,999 325 8.0% $752
$150,000 to $174,999 380 10.0% $895
$175,000 to $199,999 536 14.0% $1038
$200,000 to $249,999 562 15.0% $1248
$250,000 to $299,999 270 7.0% $1524
$300,000 to $399,999 269 7.0% $1934

Renters Insurance in Morgantown

  • Average Renters Insurance in Morgantown :  $166($13/month)

  • Median Gross Rent in Morgantown :  $633

  • Morgantown Renters Insurance to Median Rent Ratio:  2.05%

  • Renter occupied housing units in Morgantown :  6,211

Morgantown Renters Insurance as a Percentage of Rent

Morgantown Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 72 1.0% $341
$200 to $299 130 2.0% $791
$300 to $499 1,212 20.0% $1241
$500 to $749 2,354 39.0% $1916
$750 to $999 1,139 19.0% $2666
$1,000 to $1,499 840 14.0% $3791
$1,500 or more 196 3.0% $5441

Rent Affordability in Morgantown:

Approximately 65.0% (4,038) of households are spending more than 35% of their income on gross rent in Morgantown

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 610 9.0%
15.0 to 19.9 percent 441 7.0%
20.0 to 24.9 percent 416 6.0%
25.0 to 29.9 percent 447 7.0%
30.0 to 34.9 percent 259 4.0%
35.0 percent or more 4,038 65.0%

Morgantown Renters Insurance Discounts:

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

Number of Vehicles in Morgantown, WV Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 3,477 55.0% $16.6
2 vehicles available 1,237 19.0% $24.9
3 or more vehicles available 454 7.0% $33.2

Protective device discount in Morgantown Up to :  $24

Claims-free discount in Morgantown Up to :  $33