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Compare 24277 Home Insurance Rates Today!

Compare multiple home insurance rates for your home in Pennington Gap just got easier with the quick quoting system provided by GetHomeInsuranceQuotes.com. We make it easier for you and your 2,210 neighbors looking to save on their home insurance policy in the local 24277 zip code area. Our process is very simple, easy to use and hassle free. We help you shop and compare competitive rates for your home in 24277. So how do we provide affordable home insurance quotes? We use your home details from our online quoting application to compare the best Virginia rates and coverage options with over 12 major carriers. Then we evaluate the best coverage and apply all the discounts and credits to help you save an additional 40%. We do all of this and more and our service online or over the phone is free. Let us help you compare your Pennington Gap, VA home insurance rates today!

For more information about homeowners insurance, like average home insurance rates, coverage options or home insurance types, please select Home Insurance Rates in Pennington Gap, VA

24277 Home Insurance Average Premiums

Local 24277 homeowners insurance quotes comparison

$596 /yr.

Shows Zip Code: 24277 lowest rates with discounts applied on average.

For the 24277, 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)
$596 /yr.
Average Coverage:$846 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1146 /yr.

What is the average home insurance cost for a home in 24277?

  • • The average homeowners insurance premium paid annually for a home in 24277 is around $846 per year.

What does it cost on average per month for home insurance in 24277?

  • • Homeowners in 24277 pay a monthly average cost per month around $71.00.

What kind of discount could I get if I combine my home and auto insurance together in 24277?

  • • Autoowners in 24277 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 Pennington Gap area, check out other zip codes nearby 24277.
Review average rates in another zip code:
24277 homeowners insurance rates

Home Replacement Cost Coverage in 24277

Average Building Cost Per Square Foot in 24277: $163

Location: Pennington Gap, Virginia (Lee County)

Average Square Footage in 24277: 490 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 24277 before you start any project. Pennington Gap 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 24277 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 24277 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 490 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 Pennington Gap 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$163490$79,900
Additional Upgrades & Added Features$204490$99,875
Major Home Updates or Advancements$245490$119,850

It's important to understand that when you estimate your replacement cost of your home in the 24277 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 24277

Best Home & Auto Insurance Agencies in 24277

Shelton Insurance Incorporated

Address: 1522 W Morgan Ave Pennington Gap, VA 24277
Phone:
Website: http://www.national.citysearch.com/profile/external/10662785/pennington_gap_va/shelton_insurance_inc.html
Info:

Housing Demographics for 24277

Population Review for 24277 Zip Code

For the city of Pennington Gap, the population within 24277 has increased to over 5,175 residents in population size. The current population total is 6,463. We have broken down the population based on race below. In 24277, there are over 3763 in male population and 2700 females.

PopulationValues
Total Population6,463
White Population5404
Black Population855
Hispanic Population347
Asian Population24
Hawaiian Population0
Indian Population40
Other Population12
Male Population3763
Female Population2700
Population Estimate5175

Household Data for 24277

The average number of homes in 24277 is around 2,210, there are an average of 2.26 per household. The average house value according to local real estate values is around $79,900. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode2,210
Persons Per Household2.26
Average House Value$79,900
Income Per Household$29938
Median Age40.2
Median Age Male37.8
Median Age Female47.2
24277 DetailsValues
StateVA
State Full NameVirginia
City TypeP
City Alias AbbreviationPENNINGTN GAP
Area Code276
CityPennington Gap
City Alias NamePENNINGTON GAP
CountyLee
County FIPS105
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 Businesses108
Number Of Employees950
Business First Quarter Payroll7190
Business Annual Payroll31446
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 District05|09
Congressional LandArea10029.79|9113.87
Delivery Residential2290
Delivery Business135
Delivery Total3046
Preferred Last Line KeyX27406
Classification Code
Multi-County
CSA Name
CBSA_DIV_Name
City State KeyX27406
Land Area53.177000
Water Area0.393000
City Alias Code
City Mixed CasePennington Gap
City Alias Mixed CasePennington Gap
Box Count269
SFDU2145
MFDU77
State ANSI51
County ANSI105
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number517050
Unique ZIP Name
SSA State County Code49520
Medicare CBSA Code99949
Medicare CBSA NameRural Areas in VA
Medicare CBSA TypeMicro
Market Rating Area ID12
County Mixed CaseLee

Virginia Homeowners Insurance News & Information

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    According to a new study from Clever Real Estate, a St. Louis-based real estate company, monthly rent costs are actually cheaper than a monthly mortgage payment in 48 of the 50 most populous cities in the United States. Their analysis looked at mortgage principals, interest, taxes as well as homeowners insurance and they found that […]

  • Review How Many Homeowners Are Not Insured Per State Posted on Thursday 29th August, 2024

    One of the major costs of owning a home is protecting it with homeowners insurance. This will ensure your home is repaired or rebuilt if it is damage or destroyed by a covered peril. It also helps protect you against lawsuits, theft and even vandalism. If you have a mortgage on your home, your lender […]

  • Are homeowners insurance companies increasing deductibles?  Posted on Thursday 22nd August, 2024

    This year many homeowner insurance companies have been raising their homeowner percentage deductible from 1% to 2% which could be a massive increase for policyholders who have to make a claim on their policy. It has led to many homeowners shopping their coverage as their out-of-pocket costs skyrocket.   As the cost of claims increases, particularly […]