Finding homeowners insurance doesn’t need to be confusing. Compare North Carolina rates by city and company below.
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Homeowners insurance may be optional, but it's important. It helps to protect your belongings in the event your house is damaged. Home insurance protects your dwelling, personal property, and other buildings from a variety of calamities, such as wind damage, fire, theft, vandalism, and more.
Unlike car insurance, homeowners insurance isn't priced specifically by state. Even so, there are major differences in homeowners insurance rates from state to state. Homeowners insurance costs in a given state may vary based on the frequency and value of homeowners policy claims filed in that state, and also on the value of the belongings and structures covered by the policy.
The best way to find a cheap homeowners insurance policy in North Carolina is to shop around and compare rates from as many insurance companies as possible. Learn more about homeowners insurance costs in North Carolina via the below breakdown. Individual rates may vary depending on coverage options.
Home insurance prices in North Carolina will vary based on the insurance company you use. Safeco underwrites the most affordable homeowners insurance in North Carolina — just $659 annually. This compares favorably to North Carolina's average cost of $1,794, providing a $1,135 discount on average policy costs statewide.
Start your search for affordable homeowners coverage by reviewing the best North Carolina home insurance carriers, listed below.
|Company||Average Yearly Rate in North Carolina|
|North Carolina Farm Bureau||$1,249|
Homeowners insurance rates in North Carolina differ by city. Policy pricing may depend on local variables such as the likelihood of weather-related claims in the area, meaning your ZIP code could have a major impact on how much you pay.
The cheapest homeowners insurance in North Carolina is available in Asheville. The average homeowners insurance policy in Asheville runs only $1,006 per year — $788 less than the average homeowners policy in other North Carolina cities. The below table shows the best places to live in North Carolina if you’re looking for cheap homeowners insurance.
|City||Average Annual Home Insurance Rate|
The level of home coverage you select has an impact on your insurance rates. 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 Premium|
Compare Homeowners Insurance Rates
Among the numerous choices homeowners face when shopping for homeowners insurance is where to set the deductible. A deductible is the amount for which a homeowner is responsible before the insurer will cover a claim. Where you set your deductible can play a large part in determining your insurance premiums.
When selecting a deductible, bear in mind that the higher your deductible is, the lower your premiums will be. Therefore, if you are aiming for lower home insurance rates, you’ll want to keep your deductible higher. Remember that your homeowners deductible should not be set at an amount that you would have difficulty paying in the event of a loss.
Take a look at may of the standard deductibles offered by home insurance companies and an approximation of average homeowners insurance rates.
|Deductible Tier||Average Annual Home Insurance Rate|
If you want to save, consider carrying your home and auto policies with the same insurance company. Bundling auto and home insurance in North Carolina can lead to substantial savings on your auto insurance bill. Purchasing bundled policies in North Carolina leads to a yearly discount of $55.
|Avg. Annual Auto Insurance Rate (No Bundle)||Avg. 12-Month Auto Insurance Rate (Bundle)||Annual Bundle Savings||Bundle Savings %|
One of the best ways to save on auto insurance is to bundle your policies. Get started today!
Looking for information on homeowners 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 widespread destruction, 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. The average cost of homeowners insurance with a 2% hurricane deductible in North Carolina is $933 per year.
While “hurricane insurance” doesn’t actually exist as a standalone product, most homeowners insurance policies will typically cover perils associated with such storms. You will, however, likely face what’s known as a “hurricane” or “windstorm” deductible if you reside in a hurricane-prone area. Only triggered in certain conditions, these specialized deductibles work differently than the deductible for a standard peril. For a start, they are oftentimes more expensive, based on a percentage of your home's overall value. It's important to note, however, that flooding is almost never covered through a standard home insurance policy. The National Flood Insurance Program can provide this coverage in most cases.
Some of the more affordable options for North Carolina hurricane coverage can be found below. Consider the following rates to estimates. For rates specific to your property, it's best to reach out to these companies directly.
|Insurance Company||Average Annual Hurricane Insurance Rate|
|North Carolina Farm Bureau||$801|
*Source: Insurance Information Institute (https://www.iii.org/fact-statistic/facts-statistics-hurricanes)
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.