The average home insurance rates of Charlottesville, VA, homeowners is $757 per annum. Vhome’s analysis reveals that Charlottesville homeowners can save as much as $302 by making use of discounts provided by home insurance companies.
Home insurance companies tend to provide discounts on homeowners insurance based on the age of homes. Newly constructed homes in Charlottesville earn discounts of up to $204 on insurance rates. On the other hand, homes older than 50 years attract an additional $36 in home insurance costs.
Charlottesville homeowners can avail discounts of up to $90 based on home construction type. Charlottesville homes constructed using fire-resistant materials and superior materials can get discounts of $90 and $83, respectively, on their insurance rates. Masonry and brick homes receive a discount of $45, while homes that have a hail resistant roof get a $23 discount.
Home insurance companies consider the lifestyle choices of homeowners while calculating home insurance rates. Charlottesville homes with a swimming pool can increase home insurance rates by up to $90. Installing a fence around the pool with self-latching and self-closing gates can help homeowners avail discounts from home insurance companies.
Charlottesville has a property crime rate of 21.64 per 1,000 residents, with 1,039 registered property crimes. To protect their investments, home insurance companies encourage homeowners to secure their homes by providing discounts. Charlottesville homes equipped with security systems, burglar alarms, and dead-bolt locks earn substantial discounts from insurance companies.
Homes located close to public service agencies are less prone to thefts and damage during fire breakouts and calamities. Charlottesville homeowners can avail of a discount of $30 and $23, respectively, on homes located close to fire stations and police departments.
Homeowners whose homes are free from mortgage, earn considerable discounts on insurance costs. According to a study done by Vhome, Charlottesville homeowners whose homes are under mortgage, pay 3.8% of the housing cost as insurance rates, whereas, homeowners whose homes are free from mortgage, pay 12.6% of the housing cost as insurance rates.