Flood insurance cost · Chesapeake (city), VA

Flood insurance cost in Chesapeake (city), Virginia

What homeowners with a National Flood Insurance Program policy actually pay, from FEMA's records of 6,290 home policies in force on August 31, 2026.

Chesapeake (city), VirginiaPolicies in force on Aug 31, 2026

Median annual cost of NFIP flood insurance for a home

$717a year

Half of insured homes paid between $592 and $903. That is 11% less than the Virginia median ($804). Most insured homes here are rated in zone AE (59%).

$0$592 · $717 · $903$1,129

+3.0% vs Aug 31, 2025 (median $696)

6,290home policies in force

$780average cost (mean)

59%of insured homes in high-risk zones (A, V)

$250,000median building coverage

This is what policyholders paid, not a quote. Two neighbors can pay very different prices: NFIP prices depend on the building (elevation, foundation, number of floors, replacement cost), the coverage and deductible chosen and the distance to water (FEMA FloodSmart: premium factors). For a price for your building, ask an insurance agent. Private flood insurance is not included in these figures.

Cost by flood zone in Chesapeake (city)

The flood zone on FEMA's map is one of the main price factors. Median and middle half of what insured homes paid, by the zone used to rate the policy.

Flood zone	Median	Middle half (25th–75th percentile)	Average	Policies	vs last year
Zone AE High risk	$793	$653–$981	$852	3,690 (59%)	+4.1%
Zone X Moderate to low risk	$638	$546–$766	$677	2,599 (41%)	+1.4%

Not shown (fewer than 10 home policies): VE, A, AO, AH, A99/AR, D. Shares are of all insured homes; a few policies have no rated zone. "vs last year" compares medians with policies in force a year earlier.

Cost by type of building

All NFIP policies in force in Chesapeake (city), by what they insure.

Type of building	Policies	Median	Average
Single-family home	6,035	$725	$788
2–4 unit building	41	$828	$879
Condo or apartment unit	214	$494	$522
Whole residential building (5+ units or condo association) One policy covers the whole building, so the cost is much higher than for a single home.	176	$2,124	$2,264
Non-residential building or unit Businesses, churches, farm buildings and other non-residential property.	209	$1,891	$2,134

Not shown (fewer than 10 policies): manufactured (mobile) home.

6,675NFIP policies in force, any building

7,179insured units (condo association policies count every unit)

81%of home policies also cover contents

$100,000median contents coverage, when bought

One year on: Chesapeake (city)

Policies in force on August 31, 2026 compared with a year earlier. Nationwide, practically all policies in both years carry FEMA's Risk Rating 2.0 occupancy codes, so both years use the same pricing system. The policies are not the same: some were new, some lapsed.

	Aug 31, 2025	Aug 31, 2026	Change
Home policies in force	6,579	6,290	−4.4%
Median annual cost	$696	$717	+3.0%
Average annual cost	$748	$780	+4.3%
All policies in force (any building)	6,986	6,675	−4.5%

How many homes have flood insurance?

8.3%of all homes in Chesapeake (city) have an NFIP policy

–of homes in high-risk zones (special flood hazard area) have one

78,180residential buildings counted by FEMA

0of them in high-risk zones

FEMA NFIP Residential Penetration Rates, data as of August 3, 2026: residential contracts in force divided by residential structures.

Flood claims history

Since 1978, NFIP policyholders in Chesapeake (city), Virginia have filed 2,633 flood claims. 2,024 received a payment, for a total of $27.3 million (an average of $13,480 per paid claim). The year with the most claims was 2009 (602 claims). Amounts are in dollars of the time, not adjusted for inflation.

Flood claims per year of loss, 1978–2026. Years with fewer than 10 claims are left blank. Hover a bar for details.

All years with at least 10 claims (20)

Swipe the table sideways to see all columns.

Year of loss	Claims	Paid claims	Total paid	Average per paid claim
2022	21	12	$118,171	$9,848
2020	20	11	$116,354	$10,578
2018	11	<10	–	–
2016	204	156	$2,448,704	$15,697
2015	29	22	$285,095	$12,959
2014	19	13	$141,022	$10,848
2012	68	57	$631,288	$11,075
2011	363	307	$4,701,091	$15,313
2010	33	18	$114,429	$6,357
2009	602	533	$9,346,485	$17,536
2008	11	<10	–	–
2006	125	114	$1,434,014	$12,579
2003	558	451	$5,958,469	$13,212
1999	211	121	$661,366	$5,466
1998	146	92	$461,724	$5,019
1992	16	<10	–	–
1990	11	<10	–	–
1989	11	<10	–	–
1982	23	15	$38,131	$2,542
1978	10	<10	–	–

From 2016 to 2026: 256 claims (counting only years with at least 10). 2026 is a partial year. Claims are counted where the insured property is; they include buildings and contents, homes and businesses.

ZIP codes in Chesapeake (city)

ZIP codes with at least 300 NFIP home policies in force have their own page.

Main NFIP communities in the county

Chesapeake (6,285 home policies)