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Homeowners Insurance coverage in 24011

If you are a homeowner in 24011 or Roanoke, VA you can now easily shop for homeowners insurance from the comfort of your own home. Check out GetHomeInsuranceQuotes.com and we will provide you with up to 12 insurance rate quotes from a variety of national insurance companies, making sure that you get the best premium quotes in Roanoke.

Our service is always free so join the thousands of homeowners who have shopped for coverage, compared a variety of quotes and purchased a great policy using our site. Enter your zip code now and start shopping for a brand new homeowners policy.

Compare rates and find the best homeowners policy in 24011.

Learn more about our homeowners insurance shopping service by selecting the best Roanoke, VA Home Insurance Quotes Online.

What is the Average Home Insurance Rates in 24011?

Residents of Roanoke have found that shopping online for homeowners insurance coverage saves them not only time but money as well. So what is the average rate for homeowners insurance in Virginia? While Virginia is not the cheapest state in the country when it comes to homeowners insurance, it does rank fairly well. According to industry data, Virginia comes in at 33 in the country for homeowners insurance premiums.

If you are living in 24011 zipcode, expect to pay around $690 for homeowners coverage compared to the national average of $1,249. It’s important to remember that these figures are averages and your own premium may be higher or lower depending on your personal factors.

Average rates listed here are based on a standard homeowners insurance policy, which protects your home, personal possessions, liability protection, loss of use and even medical payments. As with most standard homeowner insurance policies, coverage in Roanoke does not offer protection against flood damage. If you live within a flood zone, a separate flood insurance policy may be required.

Get started now and our agents will help you determine what coverages your need and the ideal coverage levels for your particular situation.

24011 Home Insurance Average Premiums

Local 24011 homeowners insurance quotes comparison

$440 /yr.

Shows Zip Code: 24011 lowest rates with discounts applied on average.

For the 24011, 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)
$440 /yr.
Average Coverage:$690 /yr.
2600 sq. ft. or higher
(all discounts applied)
$990 /yr.

What is the average home insurance cost for a home in 24011?

  • • The average homeowners insurance premium paid annually for a home in 24011 is around $690 per year.

What does it cost on average per month for home insurance in 24011?

  • • Homeowners in 24011 pay a monthly average cost per month around $58.00.

What kind of discount could I get if I combine my home and auto insurance together in 24011?

  • • Autoowners in 24011 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 Roanoke area, check out other zip codes nearby 24011.
Review average rates in another zip code:
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Home Replacement Cost Coverage in 24011

Average Building Cost Per Square Foot in 24011: $163

Location: Roanoke, Virginia (Roanoke City County)

Average Square Footage in 24011: 4,601 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 24011 before you start any project. Roanoke 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 24011 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 24011 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 4,601 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 Roanoke 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$1634,601$750,000
Additional Upgrades & Added Features$2044,601$937,500
Major Home Updates or Advancements$2454,601$1,125,000

It's important to understand that when you estimate your replacement cost of your home in the 24011 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 24011

Chas Lunsford Sons & Assoc

Address: 16 Church Ave SE Roanoke, VA 24011
Phone: (540)982-0200
Website: www.chaslunsford.com

Best Home & Auto Insurance Agencies in 24011

Chas Lunsford Sons & Assoc

Address: 16 Church Ave SE Roanoke, VA 24011
Phone:
Website: http://www.chaslunsford.com
Info:

Anthem Blue Cross and Blue Shield - Roanoke Office- Southeast Regional Headquarters- Fraud and A

Address: 602 S Jefferson St Roanoke, VA 24011
Phone:
Website:
Info:

Housing Demographics for 24011

Population Review for 24011 Zip Code

For the city of Roanoke, the population within 24011 has increased to over 1,159 residents in population size. The current population total is 908. We have broken down the population based on race below. In 24011, there are over 505 in male population and 403 females.

PopulationValues
Total Population908
White Population696
Black Population67
Hispanic Population47
Asian Population69
Hawaiian Population0
Indian Population0
Other Population12
Male Population505
Female Population403
Population Estimate1159

Household Data for 24011

The average number of homes in 24011 is around 641, there are an average of 1.30 per household. The average house value according to local real estate values is around $750,000. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode641
Persons Per Household1.30
Average House Value$750,000
Income Per Household$56779
Median Age30.9
Median Age Male31.8
Median Age Female28.7
24011 DetailsValues
StateVA
State Full NameVirginia
City TypeP
City Alias Abbreviation
Area Code540/826/276
CityRoanoke
City Alias NameROANOKE
CountyRoanoke City
County FIPS770
State FIPS51
Time Zone5
Day Light SavingY
MSA6800
PMSA
CSA
CBSA40220
CBSA_DIV
CBSA_TypeMetro
CBSA_NameRoanoke, VA
MSA_NameRoanoke, VA MSA
PMSA_Name
RegionSouth
DivisionSouth Atlantic
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses314
Number Of Employees5768
Business First Quarter Payroll116155
Business Annual Payroll427567
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population308707
CBSA Division Population0
Congressional District06
Congressional LandArea5930.02
Delivery Residential892
Delivery Business514
Delivery Total1354
Preferred Last Line KeyX27549
Classification Code
Multi-County
CSA Name
CBSA_DIV_Name
City State KeyX27549
Land Area0.165000
Water Area0.000000
City Alias Code
City Mixed CaseRoanoke
City Alias Mixed CaseRoanoke
Box Count0
SFDU146
MFDU528
State ANSI51
County ANSI770
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number517716
Unique ZIP Name
SSA State County Code49801
Medicare CBSA Code40220
Medicare CBSA NameRoanoke, VA
Medicare CBSA TypeMetro
Market Rating Area ID8
County Mixed CaseRoanoke City

Virginia Homeowners Insurance News & Information

  • Should I raise my deductible to $10,000 to help offset the cost of rising premiums? Posted on Wednesday 15th May, 2024

    According to industry reports, homeowners are raising their deductibles to $5,000 to $10,000 to help offset the cost of rising premiums.  While raising a deductible into the stratosphere will absolutely lower your homeowner insurance premium, it does mean that you will have to cover your deductible amount in the event you have to make a […]

  • Should I choose the minimum or maximum homeowners insurance coverage? Posted on Monday 13th May, 2024

    As homeowner insurance rates rise across the country, some homeowners are opting for policies that offer minimal coverage to keep their premiums affordable. Unfortunately, this choice will leave them at higher risk and in a position where they may have to pay more out of pocket if they have to make a claim on their […]

  • Texas is Seeing Major Increases in the Cost of Homeowners Insurance Posted on Tuesday 7th May, 2024

    Like much of the rest of the country, Texas is seeing major increases in the cost of homeowners insurance. According to an article in Austin American-Stateman, residents of Texas have seen their insurance rates go up 50.9% on average which is the largest increase in the country for that time period. Unfortunately, experts are predicting […]