Home Insurance in Bowling Green, Virginia
Homes in Bowling Green carry a median value of $336,300 - 9% higher than the Caroline County median.
The typical home in Bowling Green was built around 1973. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 27% of homes were built before 1960, about 15 points above Caroline County's 12%.
Housing in Bowling Green breaks down to 76% single-family homes and 6% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
In Bowling Green, about 79% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 64% of occupied homes in Bowling Green are owner-occupied. The vacancy rate is 5%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
91% of homes in Bowling Green are primarily heated with electricity.
What's the biggest home insurance risk near Bowling Green? FEMA's National Risk Index points to hurricane (Relatively Low) in Caroline County and Caroline County had 57 active NFIP flood policies as of September 2026. See the full Caroline 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 | $336,300 |
|---|---|
| Median year built | 1973 |
| Owner-occupied share | 64% |
| Share of owner-occupied homes with a mortgage | 79% |
| Top county hazard | Hurricane (Relatively Low) |
| Active NFIP policies in Caroline County | 57 |
| 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)