Finding homeowners insurance doesn’t need to be confusing. Compare North Carolina rates by city and company below.
Home insurance is an optional but important insurance coverage. It keeps your investment insured in the event your house suffers damage from a common incident. Home insurance defends your home and your items in the event of a number of misfortunes, including theft, fire, vandalism, or wind damage.
Unlike car insurance policies, home insurance isn't controlled by state legislation. That said, serious differences emerge in homeowners insurance costs on a state-by-state basis. Homeowners insurance costs in US states differ based on the value and number of homeowners policy claims filed in the state, and also on the value of the dwelling and belongings being insured.
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.
Homeowners insurance rates in North Carolina differ based on the insurance company you use. 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.
| Insurance Company | Average Annual Rate in North Carolina |
| Safeco | $659 |
| North Carolina Farm Bureau | $1,249 |
| Liberty Mutual | $1,297 |
| State Farm | $1,443 |
| Nationwide | $1,841 |
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.
| City | Average Annual Home Insurance Rate |
| Alexander | $863 |
| Arden | $863 |
| Asheville | $863 |
| Barnardsville | $863 |
| Black Mountain | $863 |
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/year.
| Coverage Level | Average Annual Cost |
| $100,000 Dwelling | $706 |
| $200,000 Dwelling | $1,166 |
| $250,000 Dwelling | $1,430 |
| $400,000 Dwelling | $2,071 |
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.
| Deductible Level | Average Annual Homeowners Insurance Rate |
| $500 | $1,633 |
| $1,000 | $1,430 |
| $1,500 | $1,330 |
| $2,000 | $1,124 |
| $5,000 | $976 |
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.
| Avg. 12-Month Auto Insurance Rate (No Bundle) | Avg. 12-Month Auto Insurance Rate (Bundle) | Annual Bundle Savings | % Savings with Bundle |
| $939 | $884 | $55 | 6% |
One of the best ways to save on auto insurance is to bundle policies. Compare rates today!
Seeking info on home insurance in a specific city? Check out our breakdown of major North Carolina cities:
Your mortgage will require homeowners insurance, but there is no legal mandate to have this coverage in any state, unlike car insurance.
Yes - GEICO offers homeowners insurance coverage for homes located 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 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)
| Company | Average Annual Rate w/ Hurricane Deductible |
| Nationwide | $587 |
| North Carolina Farm Bureau | $803 |
| Liberty Mutual | $805 |
| USAA | $842 |
| Erie | $1,034 |
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:
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.
