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Compare 24501 Home Insurance Rates Today!

Compare multiple home insurance rates for your home in Lynchburg just got easier with the quick quoting system provided by GetHomeInsuranceQuotes.com. We make it easier for you and your 11,058 neighbors looking to save on their home insurance policy in the local 24501 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 24501. 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 Lynchburg, 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 Lynchburg, VA

24501 Home Insurance Average Premiums

Local 24501 homeowners insurance quotes comparison

$584 /yr.

Shows Zip Code: 24501 lowest rates with discounts applied on average.

For the 24501, 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)
$584 /yr.
Average Coverage:$834 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1134 /yr.

What is the average home insurance cost for a home in 24501?

  • • The average homeowners insurance premium paid annually for a home in 24501 is around $834 per year.

What does it cost on average per month for home insurance in 24501?

  • • Homeowners in 24501 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 24501?

  • • Autoowners in 24501 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 Lynchburg area, check out other zip codes nearby 24501.
Review average rates in another zip code:
24501 homeowners insurance rates
24504 homeowners insurance rates
24502 homeowners insurance rates
24503 homeowners insurance rates

Home Replacement Cost Coverage in 24501

Average Building Cost Per Square Foot in 24501: $163

Location: Lynchburg, Virginia (Lynchburg City County)

Average Square Footage in 24501: 741 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 24501 before you start any project. Lynchburg 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 24501 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 24501 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 741 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 Lynchburg 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$163741$120,800
Additional Upgrades & Added Features$204741$151,000
Major Home Updates or Advancements$245741$181,200

It's important to understand that when you estimate your replacement cost of your home in the 24501 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 24501

Larry R. Holloway Agency

Address: 3633 Old Forest Rd Lynchburg, VA 24501
Phone: (434)385-6431
Website:

Best Home & Auto Insurance Agencies in 24501

Goff- James E - State Farm Insurance Agent

Address: 1119 Oakley Ave Lynchburg, VA 24501
Phone:
Website: http://www.jimgoffinsurance.com
Info:

Don Wechsler

Address: 2414 Memorial Ave Lynchburg, VA 24501
Phone:
Website:
Info:

Larry R. Holloway Agency

Address: 3633 Old Forest Rd Lynchburg, VA 24501
Phone:
Website:
Info:

David White Insurance Agency Inc

Address: 2500 Langhorne Rd Lynchburg, VA 24501
Phone:
Website:
Info:

Jack Butler Insurance Agency Inc

Address: 3716 Old Forest Rd Lynchburg, VA 24501
Phone:
Website:
Info:

Housing Demographics for 24501

Population Review for 24501 Zip Code

For the city of Lynchburg, the population within 24501 has increased to over 28,268 residents in population size. The current population total is 27,160. We have broken down the population based on race below. In 24501, there are over 12520 in male population and 14640 females.

PopulationValues
Total Population27,160
White Population13806
Black Population10379
Hispanic Population1266
Asian Population355
Hawaiian Population8
Indian Population112
Other Population733
Male Population12520
Female Population14640
Population Estimate28268

Household Data for 24501

The average number of homes in 24501 is around 11,058, there are an average of 2.27 per household. The average house value according to local real estate values is around $120,800. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode11,058
Persons Per Household2.27
Average House Value$120,800
Income Per Household$42951
Median Age32.6
Median Age Male30.8
Median Age Female34.4
24501 DetailsValues
StateVA
State Full NameVirginia
City TypeP
City Alias Abbreviation
Area Code434
CityLynchburg
City Alias NameLYNCHBURG
CountyLynchburg City
County FIPS680
State FIPS51
Time Zone5
Day Light SavingY
MSA4640
PMSA
CSA
CBSA31340
CBSA_DIV
CBSA_TypeMetro
CBSA_NameLynchburg, VA
MSA_NameLynchburg, VA MSA
PMSA_Name
RegionSouth
DivisionSouth Atlantic
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses805
Number Of Employees18356
Business First Quarter Payroll226898
Business Annual Payroll947239
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population252634
CBSA Division Population0
Congressional District05
Congressional LandArea10029.79
Delivery Residential12453
Delivery Business1095
Delivery Total13508
Preferred Last Line KeyX27047
Classification Code
Multi-CountyY
CSA Name
CBSA_DIV_Name
City State KeyX27047
Land Area36.332000
Water Area0.155000
City Alias Code
City Mixed CaseLynchburg
City Alias Mixed CaseLynchburg
Box Count0
SFDU8537
MFDU993
State ANSI51
County ANSI680
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number515406
Unique ZIP Name
SSA State County Code49551
Medicare CBSA Code31340
Medicare CBSA NameLynchburg, VA
Medicare CBSA TypeMetro
Market Rating Area ID6
County Mixed CaseLynchburg City

Virginia Homeowners Insurance News & Information

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    According to a new Market Watch article, homeowners who are struggling with the cost of higher homeowner insurance premiums are making the move to policies with higher deductibles to help lower their costs. While this strategy may work for some, it is not the best idea for everyone.  Data from the Intercontinental Exchange (ICE) showed […]

  • Florida Homeowners With Insurance Are Struggling to Get Claims Paid – Why? Posted on Wednesday 19th March, 2025

    According to a recent Moneywise article, homeowners with insurance coverage in Florida are struggling to get claims paid.  Chad Zalva, a single dad in Riverview, Florida, was cited as an example in the article as a homeowner who is carrying homeowners insurance but was recently surprised to learn that the damage to his home from […]