Norfolk Insurance Rates:

Norfolk, VA home insurance is about $623 to $842, about $51-$70/month. Our extensive guide shows customers can save upto $293 by comparing multiple quotes

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Norfolk Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Nationwide Insurance
Home Insurance Rate of $120/4 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $130,000

2 Beds, 2 Bath 1190 sqft Seasonal Residence Constructed In 1962 with Linoleum, Tile Roof, Piers Foundation, Fiber-Cement Siding, Wood Frame. Home Features Include Fireplace, Central Air Conditioning, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

69 Years old Married Male who is Unemployed with household income of less than $25,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • Up to 499 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $60/1 month for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $175,000

3 Beds, 3 Bath 1440 sqft Primary Residence Constructed In 1992 with Linoleum, Composition Roof, Piers Foundation, Fiber-Cement Siding, Stucco Construction. Home Features Include Central Air Conditioning, Fire Extinguisher, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

38 Years old Married Female who is a Freelancer with household income of $100-$150,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 550-599 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $810/8 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $315,000

4 Beds, 4 Baths 2880 sqft Vacation Property Constructed In 1995 with Wood Flooring, Membrane Roof, Chainwall Foundation, Brick siding, Wood Frame. Home Features Include Fire Extinguisher, Deadbolt Locks, Copper Water Pipes, Swimming Pool, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

58 Years old Divorced Male who is Unemployed and has 3 Pets and is a Smoker

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

  • 550-599 Credit Score

  • Seniors staying at home

Home Insurance Rate of $340/12 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $120,000

2 Beds, 2 Bath 910 sqft Vacation Property Constructed In 1984 with Carpet over wood flooring, Composition Roof, Crawl Space Foundation, Vinyl siding, Metal Frame Construction. Home Features Include Deadbolt Locks, Fire Extinguisher, Indoor Sprinklers, Fireplace, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

27 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 :
  • 25-50% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $550/12 months for $75,000-$100,000 Coverage
Policy Holder Home Details :

Home Value : $120,000

4 Beds, 4 Baths 1719 sqft Primary Residence Constructed In 1986 with Hardwood Flooring, Metal Roof, Crawl Space Foundation, Wood siding, Stucco Construction. Home Features Include Swimming Pool, Smoke Alarm, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

47 Years old Divorced Female who has a Part Time Job with household income of $25-50,000 and has No Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 600-649 Credit Score

  • Guests at home

Click here for Zip Code data

Norfolk Rates & Quotes Analysis:

Norfolk Area Estimated House Insurance
E 18th St, Bridle Way, Woronoca Ave, Hyde Park Rd, Alma Dr, Prince Edward Way, Rosmar Ct, Rialto Pl, Graydon Ave, Malmgren Ct$798
Hartwick Dr, Yorktown Dr, Spaulding Dr, Hanson Ave, Beach View St, Bellevue Ave, Eltham Ave, Charlney Ave, Cape Henry Ave, Suburban Pkwy$718
Nathan Ct, Enfield Ave, Warwick Ave, Paul St, May Ave, E Lorengo Ave, E Liberty St, Woodall Rd, Merritt St, Chapel St$724
Chryslon Ln, Murray Ct, W 48th St, Vaiden St, Caliente St, Frank St, New Jersey Ave, Cross St, 5th Bay St, Flowerfield Ct$747
Botetourt St, Miller Store Rd, Mayfield Ave, Nancy Ct, Chambers St, Meadowlawn Dr, Croft St, Quarantine Rd, Aspin St, Lowery Ct$725
Doris Dr, Santos St, Lucas Ave, Coventry Ln, Beamon Rd, Ridgeley Rd, Toam St, W 44th St, Burleigh Ave, Rhode Island Ave$773
Cedar Ln, Walters Ct, Paddock Rd, Mount Vernon Ave, Broadway St, W Tanners Creek Dr, Bowwood Ln, Woodland Ave, Raleigh Ave, Catherine St$782
Pickett Rd, Jarrett Rd, Forsythe St, W 37th St, S Military Hwy, Garrett Ave, Cougar Ct, Waukesha Ave, Lucas Ave, Matoaka St$766
Chapin St, Rose Ave, Hartford Dr, Hacienda St, Poplar Hall Dr, Childrens Ln, Forbes St, Harvey Ct, A View Ave, Walters Dr$733
Midfield Rd, Columbia Ave, Orleans St, W 42nd St, Isaac St, Meads Rd, Bartin St, W 50th St, Bellinger Blvd, Nipsic Arch$788

Insurance rates are influenced by a number of factors including:

  • Year Built: 13,321 Homes (14% of total homes ) built between 1960 to 1969 in Norfolk are paying home insurance between $1,283-$1,294. Places close to Norfolk, VA such as Poquoson, Carrollton, Virginia Beach are more expensive by $58, $52, $34 respectively while Portsmouth and Moyock(NC) are cheaper by $15 and $178 respectively for similar homes.
  • Bedrooms: 33,165 3 bedrooms homes (35% of total homes ) in Norfolk are paying about $462. Areas near to Norfolk such as Poquoson, Carrollton, Virginia Beach are costlier by $21, $19, $13 respectively whereas Portsmouth and Hampton are more economical by $5, $3 respectively for similar homes.
  • Auto Insurance Bundling: 16,557 Households (42% of all households) in Norfolk have 2 vehicles available and when it is bundled with home insurance you can save $146 and differs from Portsmouth ($144), Hampton ($145), Poquoson ($153).
  • Senior Discounts: 18,256 seniors (more than 55 years) occupied housing units (46% of total) in Norfolk get discounts between $109 to $111. The comparative concessions in proximate regions such as Portsmouth, Hampton and Poquoson are $108, $109 and $114 respectively.
  • New Homes discounts: New homes such as the 32,371 homes built between 2000 to 2009 in Norfolk can save $146 and similar new home insurance discounts in nearby towns and cities like Portsmouth, Hampton and Poquoson are $144, $145 and $153 respectively.

Norfolk Homeowners insurance Facts

  • Norfolk, VA has 38,889 owner occupied houses which is 45.6% of all units whereas Portsmouth, Hampton and Poquoson have 58.95%, 60.26% and 84.67% respectively.
  • Norfolk, VA homeowners yearly insurance price at $733 is 0.35% of the typical house value of $210,100 which is in contrast with 0.39% in Portsmouth, 0.37% at Hampton & 0.24% in Poquoson.
  • Homeowners in Norfolk, VA pay 1.95% of their income ($35,000 to $39,999) in insurance whereas homeowners in Portsmouth, Hampton and Poquoson pay 1.93%, 1.94% and 2.04% respectively.
  • Norfolk, VA’s insurance is 3.7% of monthly housing costs of $1,640/month, for owners with a mortgage compared to 4.0% in Portsmouth, 3.94% at Hampton & 3.26% in Poquoson. But, for households without a mortgage, insurance is 11.6% of costs ($528 in Norfolk, VA) in contrast with 11.65% in Portsmouth, 12.88% at Hampton & 10.53% in Poquoson.

Norfolk, VA Home Values & Insurance rates

For example, insurance for 7,044 Homes (21.0% of total homes ) valued between $200,000 to $249,999 in Norfolk, VA is about $784. Rates in nearby areas in such as Poquoson, Carrollton, Newport are cheaper by $241, $221, $228 respectively while Portsmouth and Hampton are costlier by $99 and $45 respectively for similar homes.

Norfolk, VA Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 1,018 3.0% $80
$80,000 to $89,999 421 1.0% $293
$90,000 to $99,999 588 1.0% $329
$100,000 to $124,999 2,245 6.0% $381
$125,000 to $149,999 2,968 8.0% $476
$150,000 to $174,999 5,344 16.0% $564
$175,000 to $199,999 4,925 14.0% $652
$200,000 to $249,999 7,044 21.0% $784
$250,000 to $299,999 4,292 12.0% $960
$300,000 to $399,999 4,023 12.0% $1216

Renters Insurance in Norfolk

  • Average Renters Insurance in Norfolk :  $160($13/month)

  • Median Gross Rent in Norfolk :  $920

  • Norfolk Renters Insurance to Median Rent Ratio:  1.41%

  • Renter occupied housing units in Norfolk :  46,358

Norfolk Renters Insurance as a Percentage of Rent

Norfolk Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 1,376 3.0% $340
$200 to $299 1,370 3.0% $790
$300 to $499 1,941 4.0% $1240
$500 to $749 7,223 15.0% $1915
$750 to $999 14,904 32.0% $2665
$1,000 to $1,499 13,469 29.0% $3790
$1,500 or more 5,040 11.0% $5440

Rent Affordability in Norfolk:

Approximately 48.0% (22,683) of households are spending more than 35% of their income on gross rent in Norfolk

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 3,909 8.0%
15.0 to 19.9 percent 4,406 9.0%
20.0 to 24.9 percent 5,250 11.0%
25.0 to 29.9 percent 5,388 11.0%
30.0 to 34.9 percent 4,722 10.0%
35.0 percent or more 22,683 48.0%

Norfolk Renters Insurance Discounts:

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

Number of Vehicles in Norfolk, VA Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 22,949 49.0% $16.0
2 vehicles available 11,968 25.0% $24.0
3 or more vehicles available 2,776 5.0% $32.0

Norfolk Senior Citizen Discounts:

Age Senior Occupied Housing Units % of Total Discount offered
55 to 59 years 2,596 5.0% $92
60 to 64 years 2,260 4.0% $73
65 to 74 years 2,193 4.0% $59
75 years and over 2,114 4.0% $46

Protective device discount in Norfolk Up to :  $24

Claims-free discount in Norfolk Up to :  $32

Norfolk, VA Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
23507 $390,400 $790
23510 $369,700 $790
23508 $328,000 $780
23517 $287,700 $770
23505 $227,900 $750
23518 $222,600 $740
23503 $215,000 $740
23502 $202,600 $740
23509 $180,900 $730
23504 $176,500 $720
23523 $169,500 $720
23513 $167,200 $720