Norfolk Homeowners Insurance

The Zebra
Aug. 26, 2019

Find affordable homeowners insurance in Norfolk


A critical consideration for every homeowner should be their home insurance coverage. Home insurance policies provide coverage against fire, wind damage, and theft for your home and the contents inside it. Given the relatively frequent occurrence of these incidents and the substantial cost of replacing a home, a homeowners insurance policy is a solid investment.

The price of a home insurance policy is dependent on a number of factors. These include the following: dwelling value, value of your personal belongings, and the cost of the materials used to build your home. Location also plays a role in determining the price of your homeowners insurance policy. In areas prone to perils likefrozen pipes, hail, windstorms, or wildfires, home insurance policies may be more expensive to account for the extra risk. Learn more about what is covered by a homeowners insurance policy.

Finding affordable home insurance in Norfolk starts with shopping around and comparing policies. Take a look at the summary below showing average Norfolk homeowners insurance rates to ensure you start your search with as much background info as possible. One thing to note is that the yearly cost of home coverage is determined based on your chosen coverage limits as well as a number of other rating factors.


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

Homeowners insurance in Norfolk by insurance company

What you pay for homeowners insurance in Norfolk will depend on the insurance company you get your policy through. The most inexpensive home insurance in Norfolk comes from Nationwide, which offers average annual rates of just $1,030 per year. This is more favorable than the city’s average home insurance premium of $1,822.

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


CHEAP HOMEOWNERS INSURANCE COMPANIES IN NORFOLK
CompanyAverage Annual Rate
Nationwide$1,030
State Farm$1,067
Erie$1,596
Safeco$1,658
Allstate$1,960

Average homeowners insurance costs in Norfolk by coverage level

Your chosen level of homeowners coverage has an impact on the insurance premiums you pay . In Norfolk, carrying $200K dwelling coverage costs an average of $1,350, while carrying additional coverage up to $400K costs $2,399/year.


HOMEOWNERS INSURANCE RATES IN NORFOLK — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$200K Dwelling$1,350
$400K Dwelling$2,399

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Norfolk home insurance prices by ZIP code

Depending on which part of Norfolk you live in, you might see a dramatic difference in your 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 Norfolk, look no further than 23505. In the 23505 area, homeowners coverage usually costs just $1,705 per year — a full $117 less than the Norfolk average. If you’re looking for the areas with the least expensive homeowners insurance rates in Norfolk, have a look at the table below.


AFFORDABLE AREAS FOR HOMEOWNERS INSURANCE IN NORFOLK
ZIP CodeAverage Annual Home Insurance Rate
23505$1,705
23510$1,741
23523$1,751

Other parts of Norfolk, however, have homeowners insurance rates that are higher on average. Crime rates, fire risk, and even your proximity to emergency services such as fire and police stations could impact rates the risk level of certain parts of the city, which has the potential to drive up area rates. One of the costliest ZIP codes for home insurance in Norfolk is 23519, with an annual average rate of $1,970.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN NORFOLK
ZIP CodeAverage Annual Home Insurance Rate
23519$1,970
23518$1,932
23520$1,896

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

To save a little money, you might think about bundling your homeowners and auto insurance policies through the same company. Bundling your homeowners and auto insurance is one way to save substantially on your monthly car insurance premiums. In fact, bundling policies in Norfolk leads to average annual savings of 7%.


CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN NORFOLK
CompanyAvg. Annual Auto Insurance Rate (Bundle)
Erie$822
GEICO$860
USAA$880
State Farm$905
Nationwide$943

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 professional today.


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