Home Insurance in Craig County, Virginia
Homes in Craig County carry a median value of $189,000 - 51% lower than the Virginia median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Craig County was built around 1981. About 20% of homes were built before 1960, in line with Virginia (19%).
In Craig County, the housing stock is 87% single-family homes and 13% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
51% of owner-occupied homes in Craig County carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Craig County has an owner-occupancy rate of 84% and a vacancy rate of 28%; unoccupied homes typically need a different coverage form.
Homes heated with propane and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In Craig County, 71% of homes are primarily heated with electricity.
FEMA's National Risk Index lists hurricane (Very Low), inland flooding (Very Low) and earthquake (Very Low) as the leading hazards for Craig County. Standard homeowners policies exclude earthquake, so separate coverage is usually needed.
As of September 2026, Craig County has 40 active NFIP flood insurance policies. Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Virginia carries a statewide average premium of $1,537 per year.
Key figures
| Median home value | $189,000 |
|---|---|
| Median year built | 1981 |
| Owner-occupied share | 84% |
| Share of owner-occupied homes with a mortgage | 51% |
| Top hazards (FEMA National Risk Index) | Hurricane (Very Low), Inland Flooding (Very Low), Earthquake (Very Low) |
| Active NFIP flood policies (county) | 40 |
| Home insurance premium | $1,537 - statewide average (NAIC, 2023 data) |
Towns and cities
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)