Get multiple home insurance quotes in 23224. Our licensed 23224, VA agents are ready to serve you.

Home Insurance Quotes in 23224

Are you shopping for a cheaper homeowners insurance rate in 23224? Our rates are very competitive for homeowners living in Richmond, VA. Many homeowners located in the 23224 zip code 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 online quoting process is free to use 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. If you are unsure which policy is best for you, then please contact us so we can help you understand what coverage package you need to protect your home in 23224. To get free 23224 home insurance quotes, simply click the "Get Multiple Quotes Now" button. Your 23224 zip code should appear in the zip code field ready to go. Shopping Richmond, VA Homeowners Insurance Rates is easy, just click, complete your online quoting application for the property address located in 23224 to review the best rate coverages.

Your 23224 Home Insurance Costs Is Rated: Medium!

For the great city of Richmond, the average home insurance premium paid annually is around $802 for a standard HO-3 homeowners policy. It's important to know that you may need additional coverage like flood or earthquake insurance to cover your home. Most basic home insurance policies do not provide enough coverage to provide the risk and protection you need. Our Virginia specific quoting application process is designed to meet the needs of the homeowner and we can provide the most competitive rates with enhanced coverage options. If you live in Richmond and need insurance on your home in the 23224 zip code, then it is important to use our service and easily discover more affordable homeowners insurance rates.

Get 23224 Homeowners Insurance Rates Now!

23224 Home Insurance Average Premiums

Local 23224 homeowners insurance quotes comparison

$552 /yr.

Shows Zip Code: 23224 lowest rates with discounts applied on average.

For the 23224, 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)
$552 /yr.
Average Coverage:$802 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1102 /yr.

What is the average home insurance cost for a home in 23224?

  • • The average homeowners insurance premium paid annually for a home in 23224 is around $802 per year.

What does it cost on average per month for home insurance in 23224?

  • • Homeowners in 23224 pay a monthly average cost per month around $67.00.

What kind of discount could I get if I combine my home and auto insurance together in 23224?

  • • Autoowners in 23224 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 23224.
Review average rates in another zip code:
23222 homeowners insurance rates
23221 homeowners insurance rates
23226 homeowners insurance rates
23234 homeowners insurance rates
23219 homeowners insurance rates
23224 homeowners insurance rates
23230 homeowners insurance rates
23235 homeowners insurance rates
23237 homeowners insurance rates
23225 homeowners insurance rates

Home Replacement Cost Coverage in 23224

Average Building Cost Per Square Foot in 23224: $163

Location: Richmond, Virginia (Richmond City County)

Average Square Footage in 23224: 891 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 23224 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 23224 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 23224 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 891 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$163891$145,200
Additional Upgrades & Added Features$204891$181,500
Major Home Updates or Advancements$245891$217,800

It's important to understand that when you estimate your replacement cost of your home in the 23224 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 23224

Best Home & Auto Insurance Agencies in 23224

ACE Cash Express

Address: 617 East Belt Boulevard Richmond, VA 23224
Phone:
Website: http://www.richmond.citysearch.com/profile/663384150/richmond_va/ace_cash_express.html
Info:

Housing Demographics for 23224

Population Review for 23224 Zip Code

For the city of Richmond, the population within 23224 has increased to over 43,580 residents in population size. The current population total is 39,468. We have broken down the population based on race below. In 23224, there are over 19098 in male population and 20370 females.

PopulationValues
Total Population39,468
White Population6179
Black Population22602
Hispanic Population9307
Asian Population490
Hawaiian Population45
Indian Population269
Other Population7185
Male Population19098
Female Population20370
Population Estimate43580

Household Data for 23224

The average number of homes in 23224 is around 16,167, there are an average of 2.41 per household. The average house value according to local real estate values is around $145,200. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode16,167
Persons Per Household2.41
Average House Value$145,200
Income Per Household$42929
Median Age32.2
Median Age Male31.9
Median Age Female32.5
23224 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 Businesses814
Number Of Employees14910
Business First Quarter Payroll230190
Business Annual Payroll895107
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 Residential18083
Delivery Business1256
Delivery Total23509
Preferred Last Line KeyX27528
Classification Code
Multi-CountyY
CSA Name
CBSA_DIV_Name
City State KeyX27528
Land Area11.561000
Water Area0.418000
City Alias Code
City Mixed CaseRichmond
City Alias Mixed CaseRichmond
Box Count262
SFDU9764
MFDU4009
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

  • 2025 – Study Shows Home Insurance Market Stabilizing Posted on Wednesday 11th December, 2024

    According to a new report from Matic, the homeowner’s insurance market has shown signs of stabilizing roughly two years after major premium hikes and coverage challenges.  Even though premiums are high, trends in the insurance industry show that a slowdown in premium growth may be coming. Here is a brief overview of the report and […]

  • What’s the average home insurance rate for a $300K home in 2024? Posted on Monday 9th December, 2024

    A recent report from Insurance.com found that the average homeowners insurance rate for a $300,000 in homeowners coverage hit $2,777 per year which breaks down to $231 monthly.  The cost of homeowners insurance in some states can be extremely expensive, for years Florida has been know to have the highest premiums in the nation. When […]

  • $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 […]