InsureWatch

23937

Elevated53

Drakes Branch, Virginia — Charlotte County

Pop. 2,007Median Income $37,430Median Home $84,800
0/ 100Elevated Risk

2025 Estimated Premium

$1,339/yr

+17.6% from 2022 actual ($1,138)

Projected using FRED CPI for Household Insurance, adjusted for this ZIP's historical trend. Not a quote.

Avg Premium (2022)

$1,138

+1.3%

2018–2025

Nonrenewal Rate

1.96%

2018–2022

Claim Frequency

5.9%

Avg Claim Amount

$13,356

Score Breakdown

Premium Level (25%)18
Premium Trend (20%)57
Nonrenewal Risk (20%)86
Storm Exposure (15%)61
Affordability (10%)74
Flood Risk (10%)30

Storm History (5-Year Timeline)

18
201823 events2 fatalities
Property damage$1,166,310
3 hail4 flood
19
201922 events
Property damage$72,500
1 hail1 flood
20
202010 events
Property damage$42,200
1 flood
21
202110 events
Property damage$16,500
22
202223 events
Property damage$104,000
1 tornado
23
202315 events
Property damage$21,000
1 hail1 flood
24
202416 events
Property damage$7,100
5 flood
25
20257 events
Property damage$50,500

Nearby ZIP Codes

23947Keysville, VA
41Elevated
23967Clover, VA
46Elevated
23924Chase City, VA
39Moderate
23962Clover, VA
52Elevated
23923Charlotte Court House, VA
36Moderate

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Data Sources & Methodology

Core insurance data: US Treasury Federal Insurance Office (FIO), 2018–2022 — the most comprehensive homeowners insurance dataset ever released, covering 25,500+ ZIP codes and 246M+ policies. This data was collected under a Biden-era initiative (Executive Order 14030) and published January 2025. The Trump administration subsequently removed the report from FIO's website. InsureWatch preserves and builds on this public data.

2023-2025 premium estimates are projected using the FRED CPI for Household Insurance (CUSR0000SEHC01), adjusted for each ZIP's historical growth trend relative to the national rate. Projections are not quotes and actual premiums vary by carrier, coverage, claims history, and property. Storm data: NOAA Storm Events Database, current through 2025. Economic data: FRED (Federal Reserve), current through 2026. Demographics: Census ACS 2022. Insurance Stress Scores are a weighted composite of premium levels, trends, nonrenewal rates, storm exposure, and affordability.