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23231 Home Insurance Quotes, Rates & Coverage

Are you looking for the right homeowners insurance policy at an affordable price for your home in 23231? There are over 15,187 occupied homes in the 23231 area. With a population size of 37,455, it's not uncommon for residence of Henrico, VA to want to find cheaper home insurance rates online. The average premium for a standard HO-3 home insurance policy for homeowners living in Virginia is around $786 per year. At GetHomeInsuranceQuotes.com, we help you easily compare up to 12 home insurance rates from the top rated insurance companies. We also help you save money by applying all the home insurance credits and discounts available helping you save up to 40% or more on your next homeowners policy. Enter your 23231 zip code today to compare multiple rates and coverage options for your existing policy or a new home purchase.

For additional information about average home insurance rates, premiums or home insurance types, please review your city information: Henrico, VA Home Insurance Rate Quotes

23231 Home Insurance Average Premiums

Local 23231 homeowners insurance quotes comparison

$536 /yr.

Shows Zip Code: 23231 lowest rates with discounts applied on average.

For the 23231, 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)
$536 /yr.
Average Coverage:$786 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1086 /yr.

What is the average home insurance cost for a home in 23231?

  • • The average homeowners insurance premium paid annually for a home in 23231 is around $786 per year.

What does it cost on average per month for home insurance in 23231?

  • • Homeowners in 23231 pay a monthly average cost per month around $66.00.

What kind of discount could I get if I combine my home and auto insurance together in 23231?

  • • Autoowners in 23231 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 Henrico area, check out other zip codes nearby 23231.
Review average rates in another zip code:
23238 homeowners insurance rates
23229 homeowners insurance rates
23231 homeowners insurance rates
23228 homeowners insurance rates
23075 homeowners insurance rates
23233 homeowners insurance rates
23294 homeowners insurance rates

Home Replacement Cost Coverage in 23231

Average Building Cost Per Square Foot in 23231: $163

Location: Henrico, Virginia (Henrico County)

Average Square Footage in 23231: 1,310 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 23231 before you start any project. Henrico 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 23231 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 23231 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,310 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 Henrico 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$1631,310$213,600
Additional Upgrades & Added Features$2041,310$267,000
Major Home Updates or Advancements$2451,310$320,400

It's important to understand that when you estimate your replacement cost of your home in the 23231 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 23231

Best Home & Auto Insurance Agencies in 23231

GHT Insurance Agency, Incorporated

Address: 4216 Eubank Road Henrico, VA 23231
Phone:
Website: http://www.ghtinsurance.com/
Info:

Insurance Doctor Agency of Henrico

Address: 4750 Finlay St Henrico, VA 23231
Phone:
Website:
Info:

Insurance Doctor of Eastern Henrico

Address: 4450 South Laburnum Avenue #130 Henrico, VA 23231
Phone:
Website: http://www.myinsurancedoctor.com/
Info:

Tommy R Fincher - Nationwide Insurance

Address: 5217 South Laburnum Avenue Henrico, VA 23231
Phone:
Website: http://www.richmond.citysearch.com/profile/663592830/henrico_va/tommy_r_fincher_nationwide_insurance.html
Info:

Joseph E Cannon - Nationwide Insurance

Address: 4878 Finlay St, Bldg C Henrico, VA 23231
Phone:
Website: http://www.nationwide.com/
Info:

Housing Demographics for 23231

Population Review for 23231 Zip Code

For the city of Henrico, the population within 23231 has increased to over 41,293 residents in population size. The current population total is 37,455. We have broken down the population based on race below. In 23231, there are over 17313 in male population and 20142 females.

PopulationValues
Total Population37,455
White Population12130
Black Population22057
Hispanic Population1496
Asian Population369
Hawaiian Population19
Indian Population225
Other Population801
Male Population17313
Female Population20142
Population Estimate41293

Household Data for 23231

The average number of homes in 23231 is around 15,187, there are an average of 2.46 per household. The average house value according to local real estate values is around $213,600. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode15,187
Persons Per Household2.46
Average House Value$213,600
Income Per Household$61983
Median Age40.2
Median Age Male39.0
Median Age Female40.9
23231 DetailsValues
StateVA
State Full NameVirginia
City TypeN
City Alias Abbreviation
Area Code804
CityHenrico
City Alias NameHENRICO
CountyHenrico
County FIPS087
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 Businesses750
Number Of Employees14258
Business First Quarter Payroll164954
Business Annual Payroll728777
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 Residential16786
Delivery Business852
Delivery Total19564
Preferred Last Line Key011847
Classification Code
Multi-CountyY
CSA Name
CBSA_DIV_Name
City State Key011847
Land Area88.194000
Water Area6.788000
City Alias Code
City Mixed CaseHenrico
City Alias Mixed CaseHenrico
Box Count292
SFDU12144
MFDU1856
State ANSI51
County ANSI087
ZIP Intro
Alias Intro
Facility CodeN
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number517650
Unique ZIP Name
SSA State County Code49430
Medicare CBSA Code40060
Medicare CBSA NameRichmond, VA
Medicare CBSA TypeMetro
Market Rating Area ID7
County Mixed CaseHenrico

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 […]