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Home Insurance in 22723

If your primary reason for shopping for homeowners insurance in the 22723 zip code is based primarily on the rising cost of your home insurance premium. Then, it's imporant to know that our rates are very competitive for homeowners living in Hood, VA. Many homeowners that live in the 22723 zip code have found it very easy to shop with GetHomeInsuranceQuotes.com. For example, we clearly showcase up to 12 carriers that we will shop for you. Plus, our home insurance quotes are free and our Virginia licensed agents can also provide a free consultation service to you that allows you to ask questions about the rates and coverage options. To start a free homeowners insurance quote, simply click the "Get Multiple Quotes Now" button at the top. Your 22723 zip code should already appear in the zip code field ready to go. For Hood, VA Homeowners Insurance Quotes, Click to easily get started!

Average Homeowners Premiums in 22723

Homeowners living in the city of Hood are paying on average around $835 per year for homeowners insurance coverage. This estimated premium is based on a standard HO-3 policy which covers the basic requirements if your home was ever damaged. This is also a minimum requirement by mortgage lenders if there is a lien on your home. A basic policy will cover your home, contents, loss of use, liability and medical payments. It's important to know that homes in the 22723 zip code with a standard homeowners policy does not cover flood damage. You will need to purchase a seperate flood policy to add this additional coverage. Virginia home insurance premiums have been recently ranked 33 in the country in terms of the annual cost of premiums. Because premiums in 22723 are lower compared to other states it is always a good idea to shop your home insurance coverage. Our online quoting application can easily help you compare the best rates and coverage options.

Easily Compare 22723 Home Insurance Quotes Now!

We enjoy helping you do two very important things: First, we like to help you save more money per year on your homeowners insurance. Second, we like to help you learn about the best coverage options for your home in Hood. It is possible to pay a lower premium and get more enhanced coverage. Let us help you shop your home insurance premiums today!

22723 Home Insurance Average Premiums

Local 22723 homeowners insurance quotes comparison

$585 /yr.

Shows Zip Code: 22723 lowest rates with discounts applied on average.

For the 22723, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:Annual Premium
1800 sq. ft. or below
(discounts applied)
$585 /yr.
Average Coverage:$835 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1135 /yr.

What is the average home insurance cost for a home in 22723?

  • • The average homeowners insurance premium paid annually for a home in 22723 is around $835 per year.

What does it cost on average per month for home insurance in 22723?

  • • Homeowners in 22723 pay a monthly average cost per month around $70.00.

What kind of discount could I get if I combine my home and auto insurance together in 22723?

  • • Autoowners in 22723 can receive a 20% to 25% discount if they own a home and would like to group or bundle their car and home insurance together with one insurance company.

For shopping home insurance rates within the Hood area, check out other zip codes nearby 22723.
Review average rates in another zip code:
22723 homeowners insurance rates

Home Replacement Cost Coverage in 22723

Average Building Cost Per Square Foot in 22723: $163

Location: Hood, Virginia (Madison County)

Average Square Footage in 22723: 1,012 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 22723 before you start any project. Hood homeowners pay on average around $163 per square foot to build a home. Another great reason to know the average cost to build is for your homeowners insurance policy. A standard homeowners policy will help you cover the replacement cost of your home due a fire or any other named perils on your policy. Calculating your dwelling coverage for your home in 22723 is extremely helpful when estimating how much replacement cost coverage you need. We highly recommend that you have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Here is how you determine your replacement cost. If we take an average home in 22723 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,012 sq. ft. and the average cost to rebuild the home in this area is around $163 per square foot would be considered a base estimate cost. These two numbers would allow us to generate the replacement cost needed for an average size home in the Hood area. If the home is new or has been upgraded, you will want to add $50 to $100 or more per square foot to equally cover the replacement cost to restore a home back to it's original condition.

Home Improvement StatusPrice per Sq. Ft.Square FeetDwelling Coverage
Basic Home Features$1631,012$165,000
Additional Upgrades & Added Features$2041,012$206,250
Major Home Updates or Advancements$2451,012$247,500

It's important to understand that when you estimate your replacement cost of your home in the 22723 zip code area, it will be the cost to replace the structure of your home, not the additional value of the property that is factored in when purchasing a new home.

Best Homeowners Insurance Agencies in 22723

Best Home & Auto Insurance Agencies in 22723

Housing Demographics for 22723

Population Review for 22723 Zip Code

For the city of Hood, the population within 22723 has increased to over 130 residents in population size. The current population total is 114. We have broken down the population based on race below. In 22723, there are over 56 in male population and 58 females.

PopulationValues
Total Population114
White Population97
Black Population4
Hispanic Population10
Asian Population1
Hawaiian Population0
Indian Population0
Other Population5
Male Population56
Female Population58
Population Estimate130

Household Data for 22723

The average number of homes in 22723 is around 21, there are an average of 5.43 per household. The average house value according to local real estate values is around $165,000. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode21
Persons Per Household5.43
Average House Value$165,000
Income Per Household$0
Median Age34.5
Median Age Male25.0
Median Age Female53.5
22723 DetailsValues
StateVA
State Full NameVirginia
City TypeP
City Alias Abbreviation
Area Code540/434
CityHood
City Alias NameHOOD
CountyMadison
County FIPS113
State FIPS51
Time Zone5
Day Light SavingY
MSA
PMSA
CSA
CBSA
CBSA_DIV
CBSA_Type
CBSA_Name
MSA_Name
PMSA_Name
RegionSouth
DivisionSouth Atlantic
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses0
Number Of Employees0
Business First Quarter Payroll0
Business Annual Payroll0
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population0
CBSA Division Population0
Congressional District07
Congressional LandArea2776.39
Delivery Residential24
Delivery Business0
Delivery Total87
Preferred Last Line KeyX26857
Classification Code
Multi-County
CSA Name
CBSA_DIV_Name
City State KeyX26857
Land Area3.761000
Water Area0.026000
City Alias Code
City Mixed CaseHood
City Alias Mixed CaseHood
Box Count55
SFDU24
MFDU0
State ANSI51
County ANSI113
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationC
Finance Number514356
Unique ZIP Name
SSA State County Code49560
Medicare CBSA Code47894
Medicare CBSA NameWashington-Arlington-Alexandria, DC-VA-MD-WV
Medicare CBSA Type
Market Rating Area ID12
County Mixed CaseMadison

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