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The Best and Cheapest Homeowners Insurance Companies in North Carolina

We analyzed data from more than 150 insurance companies to help you find the cheapest home insurance in North Carolina.

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How to get cheap homeowners insurance in North Carolina

 

The best way to acquire cheap home insurance in North Carolina is to view prices from as many insurance companies as you can. Learn home insurance rates in North Carolina by reviewing the below data. Remember: your rates will vary, depending on your coverage limits.

 
North Carolina homeowners insurance:
  1. Homeowners rates by company
  2. Home-and-auto bundling discounts
  3. Costs by city
  4. Rates by coverage
  5. Rates by deductible
  6. FAQs
  7. Home insurance for disasters
 

The 5 cheapest homeowners insurance companies in North Carolina

Homeowners insurance rates in North Carolina differ based on the insurance company you choose. Safeco offers the best deal on home insurance in North Carolina, at just $659 yearly. This compares favorably to the state average cost of $1,166, providing a $507 price break on rates typical to the state.

Begin your search for affordable homeowners coverage by reviewing the best North Carolina insurance companies, listed below.

 
HOME INSURANCE RATES IN NORTH CAROLINA: BY CARRIER
Insurance CompanyAverage Annual Rate in North Carolina
Safeco$659
North Carolina Farm Bureau$1,249
Liberty Mutual$1,297
State Farm$1,443
Nationwide$1,841
 
 

How to bundle home and auto insurance in North Carolina

If you want to save, consider purchasing both your homeowners and auto insurance policies from one company. Bundling homeowners and auto insurance in North Carolina can save you a substantial sum each month on auto insurance. Bundling policies in North Carolina leads to yearly savings of $55.

 
HOME AND AUTO INSURANCE BUNDLING DISCOUNTS IN NORTH CAROLINA

Avg. Annual Rate (No Bundle)

Avg. Annual Rate (w/ Bundle)

Annual Savings ($)

Annual Savings (%)

$939$884$556%
 

North Carolina home insurance prices by city

Home insurance rates in North Carolina vary depending on the city. Rates depend on locally specific variables such as the number of claims filed in the immediate area, meaning your specific ZIP code impact how much you pay.

The best home insurance rates in North Carolina are available in Alexander. An average home insurance policy in Alexander costs $863 each year — $303 less than the average homeowners policy in other North Carolina cities. The below cities have the most affordable homeowners insurance in North Carolina.

Check out our breakdown of home insurance rates in major North Carolina cities:

 

Homeowners insurance costs in North Carolina by coverage limit

The level of home coverage you select has an impact on your insurance premiums. In North Carolina, maintaining $100K dwelling coverage costs an average of $706 per year, while carrying dwelling coverage up to $400K costs $2,071 per year.

 
HOMEOWNERS INSURANCE RATES IN NORTH CAROLINA — COMMON COVERAGE AMOUNTS
Coverage LevelAverage Annual Cost
$100,000 Dwelling$706
$200,000 Dwelling$1,166
$250,000 Dwelling$1,430
$400,000 Dwelling$2,071
 

Home insurance deductibles in North Carolina

Homeowners have a lot of choices to make when deciding on a homeowners policy, including how high or low to set their deductible. The deductible is the total amount that the insured contributes toward a covered loss. Where you set your deductible can play a significant role in the cost of your insurance coverage.

In short, having a higher deductible leads to lower insurance premiums. Therefore, consider a higher deductible if you aim to lock in lower home insurance premiums. Remember that your deductible should only be set as high as you can reasonably afford in the event of a covered loss.

The chart below displays the average premium costs associated with standard homeowners deductibles.

 
HOME INSURANCE COSTS BY DEDUCTIBLE TIER IN NORTH CAROLINA
Deductible LevelAverage Annual Homeowners Insurance Rate
$500$1,633
$1,000$1,430
$1,500$1,330
$2,000$1,124
$5,000$976
 

 

North Carolina homeowners insurance FAQs

 

Is homeowners insurance required by law in North Carolina?

Your mortgage will require homeowners insurance, but there is no legal mandate to have this coverage in any state, unlike car insurance.

Does GEICO have homeowners insurance in North Carolina?

Yes - GEICO offers homeowners insurance coverage for homes located in North Carolina.

 


 

Homeowners insurance and hurricanes in North Carolina

Because hurricanes can cause devastating destruction and demolish structures altogether, insurance companies remain hesitant to assume the full risk of hurricanes as a whole. If you live in North Carolina, you could face an increased risk of suffering hurricane damage. In fact, 32,282 single-family residences are exceptionally vulnerable to hurricane damage in North Carolina.*

If you live near the coast, it's essential to verify the details of your homeowners insurance policy because a basic home policy won't be sufficient to cover the costs of repairing damage caused by hurricanes — you would need separate windstorm and flood insurance policies, which would work together to cover repairs or replacements. Depending on your location, your insurer may make it compulsory to have a separate hurricane deductible if you reside in an area that's at high risk for hurricanes.

*Source: Insurance Information Institute (https://www.iii.org/fact-statistic/facts-statistics-hurricanes)

 
HURRICANE DEDUCTIBLE RATES IN NORTH CAROLINA
CompanyAverage Annual Rate w/ Hurricane Deductible
Nationwide$587
North Carolina Farm Bureau$803
Liberty Mutual$805
USAA$842
Erie$1,034
 

Does homeowners insurance cover flooding in North Carolina?

Damage via flooding, whether from a hurricane or a downpour, is not covered by homeowners insurance. In order to insure your home against flood damage, buy insurance through FEMA's National Flood Insurance Program (NFIP) or via a private insurance company.

Coverage details from private insurance companies vary. If you purchase flood insurance through NFIP, you'll receive:

  • $250,000 coverage for your home's structure
  • $100,000 coverage for your personal property

If the value of your home and personal property exceed these limits, consider finding a policy from a private company.

Flood insurance is a necessity for many homeowners in North Carolina, which paid out $9, 444, 694 in flood insurance claims in 2016, according to the Federal Emergency Management Agency.

Find an affordable policy online today.

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Ross Martin LinkedIn

As a licensed insurance agent, Ross is responsible for researching and writing about all matters related to insurance. He has a background in writing and education, as well as a master's degree from Royal Holloway, University of London. He has been quoted by CNET, iDriveSafely.com and Kin Insurance.

About The Zebra

The Zebra is not an insurance company. We’re an independent, unbiased partner for consumers, on a mission to help you compare insurance options apples-to-apples, so you can make a truly informed decision. We’re proud because: