Homeowners Insurance in North Carolina

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

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How to get cheap homeowners insurance in North Carolina


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.


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

Homeowners insurance prices in North Carolina by insurance company

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.


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

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.


AFFORDABLE CITIES FOR HOME INSURANCE IN NORTH CAROLINA
CityAverage Annual Home Insurance Rate
Alexander$863
Arden$863
Asheville$863
Barnardsville$863
Black Mountain$863

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/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

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. 12-Month Auto Insurance Rate (No Bundle)Avg. 12-Month Auto Insurance Rate (Bundle)Annual Bundle Savings% Savings with Bundle
$939$884$556%

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:

  1. Charlotte
  2. Durham
  3. Greensboro
  4. Raleigh
  5. Winston-Salem

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 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.


Ava Lynch LinkedIn

Ava worked in the insurance industry as an agent for four-plus years. Currently providing insights and analysis as one of The Zebra’s resident property insurance experts, Ava has been featured in publications such as U.S. News & World Report, GasBuddy, and Yahoo! Finance.