Homeowner Insurance Costs in Salem city, VA
How much does homeowner insurance cost in Salem city? Here's what to expect.
Est. Annual Premium
$1,275
Monthly Cost
$106
Median Home Value
$231,900
% of Income
1.9%
Typical Coverage Breakdown
Coverage Amounts
Dwelling (Coverage A)$231,900
Personal Property (C)$115,950
Liability (E)$300,000
Deductible$2,319
Cost Context
Homeownership Rate64.0%
Median Income$68,402
Property Tax Rate1.0%
Population25,372
About Insurance in Salem city
Homeowner insurance in Salem city, Virginia costs an estimated $1,275 per year for a median-value home of $231,900. This represents approximately 1.9% of the median household income of $68,402.
Actual premiums depend on your home's age, construction type, claims history, credit score, proximity to fire stations, and specific peril exposures. Use our calculator for a personalized total cost of risk analysis with peril-by-peril breakdown.
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