Get multiple home insurance quotes in 23220. Our licensed 23220, VA agents are ready to serve you.

23220 Homeowners Insurance Rate Quotes

Are you shopping for homeowners insurance quotes in 23220? Our rates are very competitive for homeowners living in Richmond, VA. Many homeowners based out of your 23220 area have found it very easy to shop with GetHomeInsuranceQuotes.com. For example, we clearly showcase the carriers that we will shop for you. Plus, our homeowners insurance quotes are free and our Virginia licensed agents can provide a free consultation service to you that allows you to ask questions about the rates and coverage options. To start a free home insurance quote, simply click the "Get Multiple Quotes Now" button. Your 23220 should appear in the zip code field ready to go. For Richmond, VA Home Insurance Rate Quotes click to review the best rates and service online!

23220 Average Premium is Rated: Medium!

Homeowners living in 23220 can easily save up to 40% off the average home insurance premium of $784 a year by comparing rates with us at GetHomeInsuranceQuotes.com. You don't have to do the research to find the best company, rate and coverage options. We have already done this for you. We have 12 major carriers in Richmond that are all very competitive and have the best rate and coverage option available. All you need to do is request quotes online for zip code 23220 and we will help you compare prices and apply all available discounts. If you want savings and also need help deciding which policy is best for you, than let us help you compare multiple rates today!

Get Multiple Home Insurance Rates in 23220!

23220 Home Insurance Average Premiums

Local 23220 homeowners insurance quotes comparison

$534 /yr.

Shows Zip Code: 23220 lowest rates with discounts applied on average.

For the 23220, 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)		$534 /yr.
Average Coverage:$784 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1084 /yr.

What is the average home insurance cost for a home in 23220?

  • • The average homeowners insurance premium paid annually for a home in 23220 is around $784 per year.

What does it cost on average per month for home insurance in 23220?

  • • Homeowners in 23220 pay a monthly average cost per month around $65.00.

What kind of discount could I get if I combine my home and auto insurance together in 23220?

  • • Autoowners in 23220 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 Richmond area, check out other zip codes nearby 23220.
Review average rates in another zip code:
23236 homeowners insurance rates
23221 homeowners insurance rates
23220 homeowners insurance rates
23225 homeowners insurance rates
23226 homeowners insurance rates
23237 homeowners insurance rates
23223 homeowners insurance rates
23234 homeowners insurance rates
23224 homeowners insurance rates
23173 homeowners insurance rates

Home Replacement Cost Coverage in 23220

Average Building Cost Per Square Foot in 23220: $163

Location: Richmond, Virginia (Richmond City County)

Average Square Footage in 23220: 2,091 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 23220 before you start any project. Richmond 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 23220 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 23220 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,091 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 Richmond 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$1632,091$340,900
Additional Upgrades & Added Features$2042,091$426,125
Major Home Updates or Advancements$2452,091$511,350

It's important to understand that when you estimate your replacement cost of your home in the 23220 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 23220

Joseph P. Lee Agency

Address: 1611 W Broad St Richmond, VA 23220
Phone: (804)257-7190
Website:

Lawanda Hill Agency

Address: 1611 W Broad St Richmond, VA 23220
Phone: (804)257-7190
Website:

Best Home & Auto Insurance Agencies in 23220

John D Rogers Insurance Agency Inc

Address: 2007 W Broad St Richmond, VA 23220
Phone:
Website:
Info:

Joseph P. Lee Agency

Address: 1611 W Broad St Richmond, VA 23220
Phone:
Website:
Info:

Housing Demographics for 23220

Population Review for 23220 Zip Code

For the city of Richmond, the population within 23220 has increased to over 35,983 residents in population size. The current population total is 36,942. We have broken down the population based on race below. In 23220, there are over 17614 in male population and 19328 females.

PopulationValues
Total Population36,942
White Population21611
Black Population9550
Hispanic Population2239
Asian Population2257
Hawaiian Population14
Indian Population60
Other Population799
Male Population17614
Female Population19328
Population Estimate35983

Household Data for 23220

The average number of homes in 23220 is around 17,153, there are an average of 1.94 per household. The average house value according to local real estate values is around $340,900. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode17,153
Persons Per Household1.94
Average House Value$340,900
Income Per Household$47532
Median Age26.3
Median Age Male27.2
Median Age Female25.5
23220 DetailsValues
StateVA
State Full NameVirginia
City TypeP
City Alias Abbreviation
Area Code804
CityRichmond
City Alias NameRICHMOND
CountyRichmond City
County FIPS760
State FIPS51
Time Zone5
Day Light SavingY
MSA6760
PMSA
CSA
CBSA40060
CBSA_DIV
CBSA_TypeMetro
CBSA_NameRichmond, VA
MSA_NameRichmond-Petersburg, VA MSA
PMSA_Name
RegionSouth
DivisionSouth Atlantic
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses1032
Number Of Employees11949
Business First Quarter Payroll136814
Business Annual Payroll611985
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population1258251
CBSA Division Population0
Congressional District04
Congressional LandArea4310.34
Delivery Residential18548
Delivery Business1185
Delivery Total20402
Preferred Last Line KeyX27528
Classification Code
Multi-County
CSA Name
CBSA_DIV_Name
City State KeyX27528
Land Area4.836000
Water Area0.277000
City Alias Code
City Mixed CaseRichmond
City Alias Mixed CaseRichmond
Box Count169
SFDU8826
MFDU8160
State ANSI51
County ANSI760
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number517650
Unique ZIP Name
SSA State County Code49791
Medicare CBSA Code40060
Medicare CBSA NameRichmond, VA
Medicare CBSA TypeMetro
Market Rating Area ID7
County Mixed CaseRichmond City

Virginia Homeowners Insurance News & Information

  • $4.5B Estimated In Insured Losses After 2024 Florida Hurricanes Posted on Wednesday 13th November, 2024

    According to the Florida Office of Insurance Regulation, the three hurricanes that made landfall this year have caused more than $4.5 billion in estimated insured losses. Hurricane Debby, Helene and Milton all hit the state within two months of each other Helene and Milton struck just two weeks apart. State data show that over 269,000 […]

  • I can’t afford my home insurance, what do I do? Posted on Saturday 9th November, 2024

    According to data from the National Association of Realtors (NAR), the average U.S. insurance rate is $2,377 a year. The data also suggest that homeowners could see a 6% rise in rates by the end of the year which is in addition to the 20% increase over the two previous years. As climate change pushes […]

  • How to Get the Best Homeowners Insurance Policy for Your Needs Posted on Wednesday 6th November, 2024

    Having the proper insurance coverages in place is a critical part of owning a home, it protects your investment and finances in the event your home is destroyed by an unexpected disaster such as a fire, flood or severe storm.  Understanding the different coverages that are available to homeowners is key to making sure you […]