HomeInsuranceQts

Home Insurance in Covington, Virginia

The median home value in Covington is $83,500, close to the Covington city median.

Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Covington was built around 1951. About 63% of homes were built before 1960, in line with Covington city (63%).

The housing stock in Covington is 83% single-family homes, 4% apartments in buildings with 5+ units and 6% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.

44% of owner-occupied homes in Covington carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.

Covington has an owner-occupancy rate of 70% and a vacancy rate of 15%; unoccupied homes typically need a different coverage form.

54% of homes in Covington are primarily heated with electricity.

Covington city had 66 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is strong wind (Relatively Moderate). See the full Covington city home insurance overview for all FEMA hazard ratings and flood coverage details.

In Virginia, the statewide average premium for a standard HO-3 homeowners policy is $1,537 per year (NAIC, 2023 data).

Key figures

Median home value$83,500
Median year built1951
Owner-occupied share70%
Share of owner-occupied homes with a mortgage44%
Top county hazardStrong Wind (Relatively Moderate)
Active NFIP policies in Covington city66
Home insurance premium$1,537 - statewide average (NAIC, 2023 data)
Key home insurance figures for Covington, VA

Nearby towns

Sources

Data last updated: 2026-09-29