Chesapeake Homeowners Insurance

The Zebra
Aug. 26, 2019

How to find cheap homeowners insurance in Chesapeake


Home insurance should be a critical consideration for every homeowner. Homeowners coverage protects you against fire, wind damage, and theft for your home and the contents inside it. With the relative frequency of such incidents -- and the high cost of rebuilding or repairing damages to a home -- getting homeowners coverage is a sound investment.

The price of a homeowners insurance policy depends on myriad factors, including the value of the dwelling, the value of your personal items, and the materials used to construct the home. Location also plays a role in determining the price of your homeowners insurance policy. In areas prone to perils likewindstorms, hail, fire, or even theft , home insurance policies may be more expensive to account for the extra risk. Find out more info about what is covered by a homeowners insurance policy.

If you want to find affordable home insurance in Chesapeake, start with looking around and comparing what different companies offer. Take a look at the summary below showing average home insurance rates in Chesapeake to help you get as much information as possible when you start your search for homeowners insurance. It's important to remember that the cost of your homeowners insurance is often based on the coverage limits you choose as well as a variety of other factors.


Chesapeake, Virginia, homeowners insurance:
  1. Rates by company
  2. Rates by coverage level
  3. Rates by ZIP code
  4. Insurance bundle discounts

Homeowners insurance in Chesapeake by insurance company

Chesapeake homeowners insurance rates will vary depending on which insurance company you choose. The most affordable home insurance in Chesapeake is Nationwide offering average annual rates at just $1,007 per year. This is considerably cheaper than the city’s average homeowners premium of $1,673.

Below you'll find a list of the cheapest home insurance companies in Chesapeake, Virginia to help you start your search.


AFFORDABLE HOMEOWNERS INSURANCE COMPANIES IN CHESAPEAKE
CompanyAverage Annual Rate
Nationwide$1,007
State Farm$1,016
Safeco$1,373
Erie$1,572
Allstate$1,752

Average homeowners insurance costs in Chesapeake by coverage level

Your chosen amount of homeowners coverage impacts the insurance premiums you pay . In Chesapeake, carrying $200K dwelling coverage costs an average of $1,160, while carrying additional coverage up to $400K costs $2,057 per year.


HOMEOWNERS INSURANCE RATES IN CHESAPEAKE — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$200K Dwelling$1,160
$400K Dwelling$2,057

Speak with a homeowners insurance expert

Chesapeake home insurance prices by ZIP code

Depending on the part of Chesapeake you live in, you could see vastly different home insurance costs. Policies are often priced on local variables such as the number of claims filed in the immediate area, meaning the neighborhood in which you live could have a major impact on how much you pay to insure your home.

To find the cheapest home insurance rates in Chesapeake, look no further than 23320. In the 23320 area, homeowners policies typically cost just $1,608 per year — a full $64 less than the Chesapeake average. Find the best places to live in Chesapeake for cheap home insurance by looking at the table below.


AFFORDABLE AREAS FOR HOMEOWNERS INSURANCE IN CHESAPEAKE
ZIP CodeAverage Annual Home Insurance Rate
23320$1,608
23321$1,630
23322$1,674

Other parts of Chesapeake, however, have homeowners insurance rates that are higher on average. Such areas might face a higher risk of perils such as fires or severe weather events. Similarly, they may also have a higher rate of crimes such as burglary or vandalism. An average annual rate of $1,720 makes 23325 the most expensive ZIP code in Chesapeake for home insurance.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN CHESAPEAKE
ZIP CodeAverage Annual Home Insurance Rate
23325$1,720
23323$1,707
23324$1,697

Looking for a money-saving tip for insurance in Chesapeake? Try bundling

If you’re looking for savings on your overall insurance costs, consider purchasing your home and auto policies from the same insurance company. Bundling home and auto insurance can be a good money-saving option. By bundling your policies, Chesapeake homeowners could see annual savings of 7% on average.


CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN CHESAPEAKE
CompanyAvg. Annual Auto Insurance Rate (Bundle)
GEICO$760
USAA$788
State Farm$817
Erie$822
Progressive$905

A great way to save on insurance is to bundle your home and auto policies with the same insurance company. Call 855-493-9728 to speak with an insurance expert today.


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