Home Insurance in Craigsville, Virginia
Homes in Craigsville carry a median value of $176,900 - 42% lower than the Augusta County median.
The typical home in Craigsville was built around 1958. About 53% of homes were built before 1960, about 36 points above Augusta County's 17%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
In Craigsville, the housing stock is 52% single-family homes, 34% apartments in buildings with 5+ units and 13% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Craigsville, about 51% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Craigsville has an owner-occupancy rate of 44% and a vacancy rate of 12%; unoccupied homes typically need a different coverage form.
Most homes in Craigsville - 66% - are primarily heated with electricity. Homes heated with fuel oil and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
FEMA rates Augusta County's overall risk as Relatively Low, led by hail (Relatively Moderate). Augusta County had 203 active NFIP flood policies as of September 2026. See the full Augusta 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 Virginia is $1,537 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $176,900 |
|---|---|
| Median year built | 1958 |
| Owner-occupied share | 44% |
| Share of owner-occupied homes with a mortgage | 51% |
| Top county hazard | Hail (Relatively Moderate) |
| Active NFIP policies in Augusta County | 203 |
| Home insurance premium | $1,537 - statewide average (NAIC, 2023 data) |
Nearby towns
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)