Palmyra Insurance Rates:

Palmyra, VA home insurance is roughly $624 to $853, about $52-$71/month. Our complete analysis indicates shoppers can save upto $295 by comparing multiple quotes

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Palmyra Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Allstate
Home Insurance Rate of $540/8 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $185,000

4 Beds, 4 Baths 1800 sqft Rental Property Constructed In 1989 with Carpet Flooring, Asphalt Shingles Roof, Chainwall Foundation, Vinyl siding, Stucco Construction. Home Features Include Deadbolt Locks, Copper Water Pipes, Fire Extinguisher, Smoke Alarm, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

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

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

  • Up to 499 Credit Score

Home Insurance Rate of $250/5 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $195,000

3 Beds, 3 Bath 1880 sqft Seasonal Residence Constructed In 1998 with Carpet over wood flooring, Shingles Roof, Chainwall Foundation, Stone Siding, Brick Frame. Home Features Include Fire Extinguisher, Swimming Pool, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

29 Years old Married Male who has a Full Time Job with household income of $25-50,000 and has 3 Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 550-599 Credit Score

Home Insurance Rate of $540/5 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $405,000

5 Beds, 5 Bath 3040 sqft Seasonal Residence Constructed In 1982 with Stone Flooring, Shingles Roof, Crawl Space Foundation, Stone Siding, Brick Frame. Home Features Include Indoor Sprinklers, Fire Extinguisher, Deadbolt Locks, Copper Water Pipes, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

52 Years old Married Female who is a Freelancer with household income of $25-50,000 and has No Pets and is a Non-Smoker

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

  • 700-749 Credit Score

Home Insurance Rate of $1250/12 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $390,000

4 Beds, 4 Bath 2780 sqft Vacation Property Constructed In 2006 with Linoleum, Membrane Roof, Piers Foundation, Fiber-Cement Siding, Stucco Construction. Home Features Include Smoke Alarm, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

74 Years old Divorced Female who is Retired with household income of less than $25,000 and has No Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 800-850 Credit Score

  • Seniors staying at home

Home Insurance Rate of $1250/12 months for $400000-$500000 Coverage
Policy Holder Home Details :

Home Value : $455,000

5 Beds, 5 Baths 3250 sqft Seasonal Residence Constructed In 1984 with Stone Flooring, Composition Roof, Piers Foundation, Stone Siding, Wood Frame. Home Features Include Smoke Alarm, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

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

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

  • Up to 499 Credit Score

  • Seniors staying at home

Home Insurance Rate of $480/9 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $150,000

3 Beds, 3 Bath 1500 sqft Seasonal Residence Constructed In 1993 with Carpet Flooring, Membrane Roof, Crawl Space Foundation, Stucco siding, Stucco Construction. Home Features Include Swimming Pool, Fire Extinguisher, Smoke Alarm, Deadbolt Locks, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

39 Years old Married Female who has a Full Time Job with household income of more than $150,000 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 $320/3 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $215,000

4 Beds, 4 Baths 1960 sqft Primary Residence Constructed In 1981 with Carpet Flooring, Composition Roof, Piers Foundation, Brick siding, Wood Frame. Home Features Include Deadbolt Locks, Copper Water Pipes, Central Air Conditioning, Fireplace, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

60 Years old Divorced Male who has a Full Time Job with household income of $75-$100,000 and has 2 Pets and is a Smoker

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

  • 500-549 Credit Score

  • Guests at home

Home Insurance Rate of $460/5 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $255,000

4 Beds, 4 Baths 1900 sqft Primary Residence Constructed In 1991 with Linoleum, Metal Roof, Piers Foundation, Fiber-Cement Siding, Stucco Construction. Home Features Include Indoor Sprinklers, Fire Extinguisher, Deadbolt Locks, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

60 Years old Married Male who has a Part Time Job with household income of less than $25,000 and has 2 Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

  • Guests at home

Palmyra Rates & Quotes Analysis:

Palmyra Area Estimated House Insurance
Bernardsburg Rd, Marshall Rd, Memory Ln, Roadview Ter, State Rte 616, Amethyst Rd, Woods Ln, Deerwood Ln, Holly Cir, Vine Ridge Dr$743
Sunset Ct, S Boston Rd, S Bearwood Dr, Carter Ln, Slice Rd, N Bearwood Dr, State Rte 707, State Rte 600, Martin Ln, State Rte 759$744
Mesquite Pl, Paynes Mill Rd, Julie Dr, Hopi Way, Goodman Ln, Wisteria Way, State Rte 676, State Rte 644, Cherry Ln, Timberlake Ter$736
Niblick Ln, Redskins Ln, Hunters Lodge Rd, Westview Ln, Marshal Rd, Lake Monticello Rd, Beaver Pond Ridge, Cliftwood Rd, Sunny Field Ln, Appletree Rd$745
Mockingbird Ln, Campbell Ct, Royal Ct, Prospect Ln, Kathys Ln, Turkeysag Trl, Curry Ct, Zephyr Rd, Main St, Fleetwood Dr$740

Insurance rates are influenced by a number of factors including:

  • Year Built: 337 Homes (14% of total) built between 1980 to 1989 in Palmyra are paying home insurance between $1,102-$1,113 and differs from Cunningham (+$12), Rivanna (+$51), Pantops (+$32), Fork Union (-$12) and Patrick Henry (-$28).
  • Bedrooms: 1,509 3 bedrooms homes (64% of total homes ) in Palmyra are paying about $466. Areas near to Palmyra such as Lake Monticello, Cunningham, Rivanna are costlier by $3, $5, $21 respectively whereas Fork Union and Patrick Henry are more economical by $5, $12 respectively for similar homes.
  • Auto Insurance Bundling: 768 Households (41% of all households) in Palmyra have 3 or more vehicles available and when it is bundled with home insurance you can save $184 and varies from Lake Monticello ($185), Columbia ($184), Fluvanna County ($185).
  • Senior Discounts: 792 seniors (more than 55 years) occupied housing units (42% of total) in Palmyra get discounts between $109 to $111 compared to Lake Monticello ($111), Columbia ($110), Cunningham ($112).
  • New Homes discounts: New homes such as the 1,335 homes built between 2000 to 2009 in Palmyra can save $147 and differs from Lake Monticello ($148), Columbia ($147), Fluvanna County ($148).

Palmyra Homeowners insurance Facts

  • Palmyra, VA has 1,844 owner occupied houses which is 86.1% of all units whereas Lake Monticello, Columbia and Fluvanna County have 93.55%, 85.41% and 87.63% respectively.
  • Palmyra, VA homeowners yearly insurance price at $739 is 0.32% of the typical house value of $228,200 which is in contrast with 0.31% in Lake Monticello, 0.33% at Columbia & 0.32% in Fluvanna County.
  • Homeowners in Palmyra, VA pay 2.27% of their income ($30,000 to $34,999) in insurance whereas homeowners in Lake Monticello, Columbia and Fluvanna County pay 2.29%, 2.26% and 2.28% respectively.
  • Palmyra, VA’s insurance is 3.9% of monthly housing costs of $1,567/month, for owners with a mortgage compared to 4.06% in Lake Monticello, 5.04% at Columbia & 4.19% in Fluvanna County. But, for households without a mortgage, insurance is 15.6% of costs ($394 in Palmyra, VA) in contrast with 16.21% in Lake Monticello, 18.59% at Columbia & 17.37% in Fluvanna County.

Palmyra, VA Home Values & Insurance rates

For example, insurance for 168 Homes (10.0% of total homes ) valued between $150,000 to $174,999 in Palmyra, VA is about $524. Rates in nearby areas in such as Lake Monticello, Fluvanna County, Cunningham are cheaper by $34, $14, $54 respectively while Columbia and Fork Union are costlier by $13 and $46 respectively for similar homes.

Palmyra, VA Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 72 4.0% $73
$100,000 to $124,999 179 10.0% $354
$125,000 to $149,999 69 4.0% $443
$150,000 to $174,999 168 10.0% $524
$175,000 to $199,999 203 12.0% $605
$200,000 to $249,999 390 23.0% $724
$250,000 to $299,999 331 19.0% $886
$300,000 to $399,999 244 14.0% $1130

Renters Insurance in Palmyra

  • Average Renters Insurance in Palmyra :  $148($12/month)

  • Median Gross Rent in Palmyra :  $1,008

  • Palmyra Renters Insurance to Median Rent Ratio:  1.19%

  • Renter occupied housing units in Palmyra :  298

Palmyra Renters Insurance as a Percentage of Rent

Palmyra Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$500 to $749 37 15.0% $1912
$750 to $999 80 33.0% $2662
$1,000 to $1,499 119 49.0% $3787
$1,500 or more 3 1.0% $5437

Rent Affordability in Palmyra:

Approximately 46.0% (139) of households are spending more than 35% of their income on gross rent in Palmyra

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 37 12.0%
15.0 to 19.9 percent 45 15.0%
25.0 to 29.9 percent 14 4.0%
30.0 to 34.9 percent 63 21.0%
35.0 percent or more 139 46.0%

Palmyra Renters Insurance Discounts:

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

Number of Vehicles in Palmyra, VA Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 172 57.0% $14.8
2 vehicles available 38 12.0% $22.2
3 or more vehicles available 88 29.0% $29.6

Palmyra Senior Citizen Discounts:

Age Senior Occupied Housing Units % of Total Discount offered
55 to 59 years 23 7.0% $100
65 to 74 years 12 4.0% $65

Protective device discount in Palmyra Up to :  $22

Claims-free discount in Palmyra Up to :  $29