Roanoke Insurance Rates:

Roanoke, VA home insurance is approximately $602 to $816, about $50-$68/month. Our exhaustive guide shows customers can save upto $283 by getting different quotes

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Roanoke Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
State Farm
Home Insurance Rate of $670/10 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $165,000

3 Beds, 3 Baths 2060 sqft Rental Property Constructed In 1952 with Stone Flooring, Composition Roof, Slab Foundation, Vinyl siding, Brick Frame. Home Features Include Copper Water Pipes, Fire Extinguisher, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

23 Years old Single Male who has a Full Time Job with household income of $25-50,000 and has 2 Pets and is a Non-Smoker

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

  • 550-599 Credit Score

  • Guests at home

Home Insurance Rate of $1430/10 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $375,000

5 Beds, 5 Bath 3870 sqft Primary Residence Constructed In 1946 with Wood Flooring, Tile Roof, Piers Foundation, Stone Siding, Wood Frame. Home Features Include Deadbolt Locks, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

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

Additional Details :
  • 25-50% Mortgage Paid off

  • 600-649 Credit Score

Home Insurance Rate of $380/8 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $220,000

4 Beds, 4 Bath 2490 sqft Vacation Property Constructed In 1955 with Ceramic Tile Flooring, Metal Roof, Piers Foundation, Wood siding, Metal Frame Construction. Home Features Include Central Air Conditioning, Smoke Alarm, Indoor Sprinklers, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

71 Years old Divorced Male who has a Full Time Job with household income of $100-$150,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 600-649 Credit Score

Home Insurance Rate of $120/1 month for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $295,000

5 Beds, 5 Baths 3220 sqft Rental Property Constructed In 1964 with Carpet Flooring, Shingles Roof, Chainwall Foundation, Wood siding, Wood Frame. Home Features Include Indoor Sprinklers, Deadbolt Locks, Central Air Conditioning, Fire Extinguisher, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

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

Additional Details :
  • 75-100% Mortgage Paid off

  • 650-699 Credit Score

  • Guests at home

Home Insurance Rate of $310/9 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $130,000

2 Beds, 2 Bath 1550 sqft Seasonal Residence Constructed In 1952 with Carpet over wood flooring, Slate Shingles Roof, Chainwall Foundation, Brick siding, Brick Frame. Home Features Include Smoke Alarm, Indoor Sprinklers, Copper Water Pipes, Fireplace, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

35 Years old Married Female who is Unemployed with household income of less than $25,000 and has 3 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 550-599 Credit Score

  • Seniors staying at home

Home Insurance Rate of $30/1 month for $75000-$100000 Coverage
Policy Holder Home Details :

Home Value : $90,000

3 Beds, 3 Bath 1270 sqft Vacation Property Constructed In 1959 with Stone Flooring, Shingles Roof, Piers Foundation, Stone Siding, Metal Frame Construction. Home Features Include Swimming Pool, Fire Extinguisher, Fireplace, Central Air Conditioning, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

41 Years old Divorced Male who is a Freelancer with household income of $75-$100,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • Up to 499 Credit Score

Home Insurance Rate of $410/6 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $170,000

3 Beds, 3 Baths 2350 sqft Vacation Property Constructed In 1943 with Ceramic Tile Flooring, Shingles Roof, Piers Foundation, Stone Siding, Stucco Construction. Home Features Include Fireplace, Smoke Alarm, Deadbolt Locks, Fire Extinguisher, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

39 Years old Single Female who has a Full Time Job with household income of more than $150,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $90/1 month for $175,000-$200,000 Coverage
Policy Holder Home Details :

Home Value : $255,000

4 Beds, 4 Baths 2058 sqft Primary Residence Constructed In 1933 with Carpet Flooring, Composition Roof, Chainwall Foundation, Stucco siding, Stucco Construction. Home Features Include Swimming Pool, Fireplace, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

74 Years old Divorced Male who is Retired and has More than 3 Pets and is a Smoker

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

  • 700-749 Credit Score

  • Guests at home

Roanoke, VA Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
24013 $87,300 $700
24015 $173,900 $730
24014 $173,800 $730
24012 $139,300 $720
24016 $127,500 $710
24017 $112,500 $710
24011 $1,000,001 $1,040

Roanoke Rates & Quotes Analysis:

Roanoke Area Estimated House Insurance
Daleton Ave, Roundtop Rd NW, 18th St SW, Hollins Rd NE, Tremont Dr NW, Springvale St SE, Beech St NW, Partridge Ln NW, Blenheim Rd SW, Cove Rd NW$709
Westside Blvd NW, Old Mountain Rd NE, Centre Ave NW, Buena Vista Blvd SE, Longwood Ave NW, 2nd St SW, Glenoak St SE, Morrison St SE, Eastgate Ave NE, Cedar Bluff Dr SE$705
Massachusetts Ave NW, 24th St NW, Brownlee Ave SE, Avendale Ave NE, Willow Oak Dr SW, Gatewood St SW, Robyn Rd SW, Lester Ave NE, Walton St NE, Wright Rd SW$741
Montgomery Ave SW, Marr St NW, Fresno St NW, Alview Ave NW, Barnett Rd, Leon St NW, Orange Ave NW, Compton St NE, Ashby St SW, 16th St SE$722
8th St SE, Dundee Ave SE, Wells Ave NE, Sanford Ave, Walnut Ave SE, Lancelot Ln NW, Greenhurst Ave NW, State Rte 625, Caldwell St NW, Dunmore St SW$702
13th St SE, King Charles Ave SE, Thirlane Rd NW, Huff Ln NW, Graybill St NW, 8th St NW, Gean St SW, Valley View Blvd West NW, US Hwy 220, Glen Heather Dr$707
Fleming Ave NE, 11th St NE, N Jefferson St, 23rd St NE, Airview Rd SW, Dunkirk Ave NE, Old Salem Rd, Midvale Ave SW, Glen Heather Dr SW, Van Buren St NW$735
S Lake Dr SW, Fairfax Ave NW, Jerome St SE, 6 1/2 St SE, Robin Hood Rd SE, Kefauver Rd SE, 15th St SW, Dillard Rd SW, Light St NE, Tuck St NE$782
Nottingham Rd SE, Heywood Ave SW, Rushwood St NW, State Rte 419, Shull Rd NE, Penrod Ave SE, Kenwood Blvd, Moomaw Ave NW, Harford Cir NW, Alan Rd SE$784
Biltmore Dr NW, Fareham Rd SW, Lakewood Dr, State Rte 605, 21st St SW, Heritage Rd SW, Dona Dr NW, 1st St NW, Frontage Rd NW, Troutland Ave NW$702

Insurance rates are influenced by a number of factors including:

  • Year Built: 11,032 Homes (23% of total) built between 1939 or earlier in Roanoke are paying home insurance between $1,518-$1,528 compared to Hollins (+$37), Cave Spring (+$50), Vinton (+$23), Boones Mill (-$30) and Lafayette (-$44).
  • Bedrooms: 18,071 3 bedrooms homes (39% of total homes ) in Roanoke are paying about $447. Areas near to Roanoke such as Hollins, Cave Spring, Vinton are costlier by $12, $15, $8 respectively whereas Lafayette and Elliston are more economical by $5, $7 respectively for similar homes.
  • Auto Insurance Bundling: 5,693 Households (23% of all households) in Roanoke have 3 or more vehicles available and when it is bundled with home insurance you can save $177. Discounts for similar bundling in close by locations such as Hollins, Cave Spring, Vinton come to $181, $183, $180 respectively.
  • Senior Discounts: 12,198 seniors (more than 55 years) occupied housing units (51% of total) in Roanoke get discounts between $106 to $108 compared to Hollins ($109), Vinton ($108), Cloverdale ($112).
  • New Homes discounts: New homes such as the 14,573 homes built between 2000 to 2009 in Roanoke can save $141 in contrast with Hollins ($145), Cave Spring ($146), Vinton ($144).

Roanoke Homeowners insurance Facts

  • Roanoke, VA has 23,738 owner occupied houses which is 55.7% of all units whereas Hollins, Cave Spring and Vinton have 77.24%, 67.49% and 72.16% respectively.
  • Roanoke, VA homeowners yearly insurance price at $709 is 0.53% of the typical house value of $134,300 which is in contrast with 0.37% in Hollins, 0.35% at Cave Spring & 0.42% in Vinton.
  • Homeowners in Roanoke, VA pay 5.67% of their income ($10,000 to $14,999) in insurance whereas homeowners in Hollins, Cave Spring and Vinton pay 5.82%, 5.86% and 5.77% respectively.
  • Roanoke, VA’s insurance is 5.1% of monthly housing costs of $1,165/month, for owners with a mortgage compared to 4.18% in Hollins, 4.2% at Cave Spring & 4.65% in Vinton. But, for households without a mortgage, insurance is 15.4% of costs ($383 in Roanoke, VA) in contrast with 15.26% in Hollins, 13.14% at Cave Spring & 16.15% in Vinton.

Roanoke, VA Home Values & Insurance rates

For example, insurance for 805 Homes (3.0% of total homes ) valued between $60,000 to $69,999 in Roanoke, VA is about $340. Rates in nearby areas in such as Boone, Gills Creek, Rocky Mount are cheaper by $73, $187, $20 respectively while New Castle and Shawsville are costlier by $33 and $640 respectively for similar homes.

Roanoke, VA Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 1,198 5.0% $127
$50,000 to $59,999 515 2.0% $276
$60,000 to $69,999 805 3.0% $340
$70,000 to $79,999 960 4.0% $389
$80,000 to $89,999 1,434 6.0% $446
$90,000 to $99,999 1,386 6.0% $496
$100,000 to $124,999 4,229 18.0% $574
$125,000 to $149,999 3,599 15.0% $723
$150,000 to $174,999 2,761 12.0% $850
$175,000 to $199,999 1,489 6.0% $985
$200,000 to $249,999 2,137 9.0% $1184
$250,000 to $299,999 979 4.0% $1453
$300,000 to $399,999 1,017 4.0% $1843

Renters Insurance in Roanoke

  • Average Renters Insurance in Roanoke :  $206($17/month)

  • Median Gross Rent in Roanoke :  $673

  • Roanoke Renters Insurance to Median Rent Ratio:  2.53%

  • Average household size of renter-occupied unit :  2.19

Roanoke Renters Insurance as a Percentage of Rent

Roanoke Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 810 4.0% $351
$200 to $299 881 4.0% $801
$300 to $499 2,644 14.0% $1251
$500 to $749 6,871 37.0% $1926
$750 to $999 4,434 24.0% $2676
$1,000 to $1,499 2,243 12.0% $3801
$1,500 or more 471 2.0% $5451

Rent Affordability in Roanoke:

Approximately 43.0% (8,307) of households are spending more than 35% of their income on gross rent in Roanoke

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 2,478 13.0%
15.0 to 19.9 percent 2,233 11.0%
20.0 to 24.9 percent 2,395 12.0%
25.0 to 29.9 percent 1,906 10.0%
30.0 to 34.9 percent 1,587 8.0%
35.0 percent or more 8,307 43.0%

Protective device discount in Roanoke Up to :  $30

Claims-free discount in Roanoke Up to :  $41