Home Insurance in Chesterfield County, Virginia
Homes in Chesterfield County carry a median value of $366,000 - close to the Virginia median.
The typical home in Chesterfield County was built around 1990. About 6% of homes were built before 1960, about 13 points below Virginia's 19%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
In Chesterfield County, the housing stock is 84% single-family homes, 12% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
About 73% of owner-occupied homes in Chesterfield County have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 77% of occupied homes in Chesterfield County are owner-occupied. The vacancy rate is 4%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
66% of homes in Chesterfield County are primarily heated with electricity.
The top hazards for Chesterfield County, per FEMA's National Risk Index, are earthquake (Relatively Low), inland flooding (Relatively Moderate) and winter weather (Relatively High). Standard homeowners policies exclude earthquake, so separate coverage is usually needed.
Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy. As of September 2026, Chesterfield County has 746 active NFIP flood policies on file.
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 | $366,000 |
|---|---|
| Median year built | 1990 |
| Owner-occupied share | 77% |
| Share of owner-occupied homes with a mortgage | 73% |
| Top hazards (FEMA National Risk Index) | Earthquake (Relatively Low), Inland Flooding (Relatively Moderate), Winter Weather (Relatively High) |
| Active NFIP flood policies (county) | 746 |
| Home insurance premium | $1,537 - statewide average (NAIC, 2023 data) |
Sources
- 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)