Home Insurance in Chevy Chase Section Three, Maryland
Homes in Chevy Chase Section Three carry a median value of $1,605,600 - 151% higher than the Montgomery County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The median home in Chevy Chase Section Three was built in 1939 or earlier. About 88% of homes were built before 1960, about 67 points above Montgomery County's 20%.
The housing stock in Chevy Chase Section Three is 100% single-family homes.
About 72% of owner-occupied homes in Chevy Chase Section Three have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Chevy Chase Section Three has an owner-occupancy rate of 96% and a vacancy rate of 1%; unoccupied homes typically need a different coverage form.
Most homes in Chevy Chase Section Three - 87% - are primarily heated with natural gas.
Montgomery County had 2,097 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is winter weather (Very High). See the full Montgomery County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Maryland is $1,578 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $1,605,600 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 96% |
| Share of owner-occupied homes with a mortgage | 72% |
| Top county hazard | Winter Weather (Very High) |
| Active NFIP policies in Montgomery County | 2,097 |
| Home insurance premium | $1,578 - statewide average (NAIC, 2023 data) |
Nearby towns
- Martin's Additions
- Chevy Chase Section Five
- Chevy Chase
- Chevy Chase Village
- Somerset
- North Chevy Chase
- Chevy Chase View
- Kensington
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)