Home Insurance in Chevy Chase, Maryland
The median home value in Chevy Chase is $1,670,600, 161% higher than the Montgomery County median.
The median home in Chevy Chase was built in 1939 or earlier. About 82% of homes were built before 1960, about 61 points above Montgomery County's 20%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
The housing stock in Chevy Chase is 100% single-family homes.
67% of owner-occupied homes in Chevy Chase carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Chevy Chase has an owner-occupancy rate of 94% and a vacancy rate of 2%; unoccupied homes typically need a different coverage form.
Most homes in Chevy Chase - 87% - are primarily heated with natural gas.
Montgomery County's top FEMA-rated hazard is winter weather (Very High), per FEMA's National Risk Index. Montgomery County had 2,097 active NFIP flood policies as of September 2026. 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 | $1,670,600 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 94% |
| Share of owner-occupied homes with a mortgage | 67% |
| 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
- Chevy Chase Section Five
- Chevy Chase Section Three
- Martin's Additions
- 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)