Salem Insurance Rates:

Salem, VA homeowners insurance is about $611 to $829, about $50-$69/month. Our in depth analysis reveals consumers can save upto $288 by comparing multiple quotes. Enter your zipcode below and click “GO” to get multiple free quotes.

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Latest Home Insurance Reviews

Allstate
Although allstate's customer service is on point and better than most, the repair rate is very slow when i request.
Allstate
Allstate is the best because they always answer claims promptly. they give very fair estimates and the adjusters are very friendly.
Erie Insurance
We also have our home insurance with them as well. we pay 1000 a year with 1000 dollar deductible which isn't bad at all.
Erie Insurance
Erie insurance has always been straightforward with me about pricing and what my plan entails. The representative is smart and knows what he's talking about.
Farmer's Insurance
I like that the company covers everyone regardless of where you live. I also like that they are not in constant contact with you or try to get you to buy more things that you want.

Salem, VA Homeowners Insurance By Home Value

Salem, VA Home Value Total Homes % of Total Average Salem, VA Homeowners Insurance
Less than $50,000 616 9.0% $100
$80,000 to $89,999 69 1.0% $352
$90,000 to $99,999 176 2.0% $396
$100,000 to $124,999 864 13.0% $460
$125,000 to $149,999 820 13.0% $576
$150,000 to $174,999 882 14.0% $684
$175,000 to $199,999 567 9.0% $792
$200,000 to $249,999 921 14.0% $950
$250,000 to $299,999 461 7.0% $1159
$300,000 to $399,999 720 11.0% $1476

Top Home Insurance Agents Near Salem, VA

Home Insurance Company Near Salem, VA Homeowners Insurance Agency Near Salem, VA Address
NA Elbridge G Coles Insurance Agency 22 South Main St , Chatham, VA, 24531
Travelers Burch-Hodges-Stone Inc 231 E Church St 231 E Church St, Martinsville, VA, 24112
State Farm Dianne Waller 779 S Main St, Gretna, VA, 24557-2021
Travelers George B Taylor Inc 806 E Main Street Suite 102, Bedford, VA, 24523
Allstate Phil Hager Ins Agcy 13840 Booker T Washington Hwy, Moneta, VA, 24121

Cost Of Homeowners Insurance By Street Near Salem, VA

Streets in Salem Area Homeowners Insurance Cost
Southside Dr, Woodlawn Ave, W Clay St, Starview Dr, Burchette St, Christy Cir, Barnett Rd NW, Pomeroy Rd, Ross St, Old Mill Dr$718
Watts St, Stevens St SW, Lemay Dr, Parkdale Dr, Glendon Rd, N Oaks Dr, W 4th St, Stonegate Ct, Brand Ave, High St$729
Brushy Mountain Dr, Keagy Rd, McDivitt Rd, Gardner Dr, Wilson St, S Colorado St, State Rte 694, Russell Dr, Murrell Ave, Thompson Memorial Hwy$730
Page Cir, Texas Hollow Rd, S Electric Rd, Monroe St, Hemlock Rd, Kessler Mill Rd, W Riverside Dr, Dixie Dr, S College Ave, Sears Rd$712
Mill Race Dr, E 2nd St, Lynchburg Tpke, Braeburn Dr, Catlett Dr, N Market St, Rollingwood Dr, Foxhill Dr, Deep Dell Rd, Chamberlain Ln$701

Salem, VA Home Insurance Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Salem$107 to $110
Glenvar$107
Catawba$108
Cave Spring$109

Salem, VA Auto & Homeowners Insurance Bundling Discounts

Place 1 Car Bundle Savings On Insurance 2 Car Bundle Savings On Insurance 3 Car Bundle Savings On Insurance
Glenvar CDP, Virginia $107 $142 $213
Catawba district, Roanoke County, Virginia $108 $144 $216
Cave Spring CDP, Virginia $110 $146 $219

Salem, VA Area Home Insurance as a % of Housing Cost

PlaceHome insurance as a % of housing cost for homes with mortgageHome insurance as a % of housing cost for homes without mortgage
Salem, VA4.4%14.4%
Glenvar6.03%15.95%
Catawba4.39%16.13%
Cave Spring4.2%13.14%

Salem Renters Insurance as a Percentage of Rent

Salem Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$300 to $499 342 10.0% $1246
$500 to $749 1,087 33.0% $1921
$750 to $999 1,047 32.0% $2671
$1,000 to $1,499 590 18.0% $3796
$1,500 or more 158 4.0% $5446

Salem, VA Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Deductible$1,300$3,300
Yearly Salem Homeowner Insurance Premium Example $1,500$1,000
Out of Pocket Expense During Claim$1,300$3,300
Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim $11,800$10,300
Net Savings to Salem Home Owner from High Deductible Plan $1,500

Salem, VA Home Insurance Costs With Home Replacement Value Scenarios

Scenario Salem, VA Home Replacement Value MORE than Home Value Salem, VA Home Replacement Value LESS than Home Value
Replacement Value $174,500 $125,500
Insurance Premium based on Replacement Value $800 $575
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $31,500 Risk Exposure from Under Insuring Coverage is $17,500
Premium Impact Insurance cheaper by $75/year Insurance costlier by $150/year

Example Salem Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company Erie InsuranceNationwide InsuranceFarmers Insurance
Monthly Premium 5978108
Year Built 194020091966
Home Details 3 Beds, 2 Baths4 Beds, 3 Baths5 Beds, 4 Baths
Coverage Amount $150000-$175000$250000-$300000$350000-$400000
Deductible $1000-$2500 Deductible$5000 to $10,000 Deductible$5000 to $10,000 Deductible

Sample Home Insurance Rates for Salem, VA from Consumer Reviews & Surveys

Year Built Home Value Roof Type Sqft Number of Bedrooms Deductible Premium Premium Months Siding Type Smoker/Non Smoker
1945 125,000 Shingles Roof 1,500 3 $500- $1000 Deductible 290 5 Vinyl siding yes
1989 165,000 Membrane Roof 1,820 3 $500 Deductible 310 5 Brick siding yes
1967 210,000 Slate Shingles Roof 1,860 4 $2500-$5000 Deductible 440 6 Wood siding yes
1986 155,000 Wood Shake Roof 1,740 3 $500- $1000 Deductible 650 12 Brick siding yes
1945 220,000 Asphalt Shingles Roof 2,690 4 $1000-$2500 Deductible 670 10 Vinyl siding No
2000 335,000 Slate Shingles Roof 2,920 5 > $10,000 Deductible 700 10 Wood siding No
1947 135,000 Tile Roof 1,620 3 $500- $1000 Deductible 650 10 Stone Siding No
1986 180,000 Metal Roof 2,170 4 $2500-$5000 Deductible 40 1 Stucco siding No
1948 345,000 Wood Shake Roof 3,150 4 $2500-$5000 Deductible 1090 9 Brick siding No
2001 135,000 Membrane Roof 1,690 3 $500 Deductible 150 3 Wood siding yes
1998 145,000 Membrane Roof 1,710 4 $500 Deductible 400 5 Wood siding yes
1981 165,000 Composition Roof 1,850 5 $1000-$2500 Deductible 320 7 Stucco siding yes
1944 205,000 Tile Roof 1,810 3 $500- $1000 Deductible 950 9 Brick siding No
1987 235,000 Membrane Roof 2,450 4 $500 Deductible 370 4 Brick siding No
1961 210,000 Tile Roof 1,850 3 $5000 to $10,000 Deductible 520 12 Brick siding No
1968 205,000 Asphalt Shingles Roof 2,080 5 $500 Deductible 550 6 Brick siding No