Homeowners Insurance in North Carolina

Finding homeowners insurance doesn’t need to be confusing. Compare North Carolina rates by city and company below.

Get cheap homeowners insurance in North Carolina

Homeowners insurance isn't required, but it is important. A home insurance policy keeps your personal items protected. Homeowners insurance protects your home and your items in the event of a variety of circumstances, including fire, theft, vandalism, or wind damage.

Serious differences emerge in homeowners insurance costs from state to state. Homeowners rates by state may vary depending on the value and number of home policy claims made in that state, and also on the value of the belongings and structures covered by the policy.

The best way to find an affordable homeowners insurance policy in North Carolina is to view prices from as many companies as possible. Learn more about typical homeowners insurance rates in North Carolina by reviewing the below data. Remember: your rates may differ, depending on your coverage limits.

North Carolina home insurance:
  1. Homeowners rates by company
  2. Rates by city
  3. How to bundle home and auto insurance

Home insurance rates in North Carolina by company

Prices for home insurance in North Carolina differ depending on which insurance company you choose. Safeco offers the most affordable homeowners insurance in North Carolina — $659 per year. This compares favorably to the state mean rate of $1,794, providing a $1,135 price cut on the typical rates in the state.

Start your search for affordable coverage by checking out the cheapest North Carolina companies, listed below.

CompanyAverage Annual Rate in North Carolina
North Carolina Farm Bureau$1,248.54
Liberty Mutual$1,296.90
State Farm$1,442.72

North Carolina home insurance by city

Home insurance rates in North Carolina vary depending on the city. Pricing depends on city-specific variables, such as the likelihood of weather-related claims in the area, lending your ZIP code plenty of weight in deciding how much you pay.

The most affordable home insurance rates in North Carolina are available in Asheville. A typical homeowners insurance term in Asheville totals just $1,006 per year — $788 less than the statewide average. The below cities have the most affordable homeowners insurance in North Carolina.

CityAverage Annual Home Insurance Rate
Chapel Hill$1,141.13

How to save: bundle home and auto insurance in North Carolina

If you want to save on insurance, consider carrying your home and auto policies with the same insurance company. Bundling auto and homeowners insurance in North Carolina can save you a substantial sum each month on your auto insurance bill. In fact, bundling policies in North Carolina may generate yearly savings of $55.

Avg. Yearly Auto Insurance Rate (No Bundle)Avg. 12-Month Auto Insurance Rate (Bundle)Annual Bundle SavingsBundle Savings %

You can save money on insurance by bundling your home and auto policies. Get started today!

Compare rates from top car insurance companies.

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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 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)


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.