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Finding homeowners insurance doesn’t need to be confusing. Compare North Carolina rates by city and company below.Get Free Quotes
Home insurance is an optional — but important — product that works to keep your belongings safe in the event your home suffers damage from common incidents. A homeowners insurance policy protects your dwelling, attached buildings, and personal property in the event of a number of calamities, such as fire, theft, vandalism, or wind damage.
Unlike car insurance, home insurance is not governed by state legislation. Even so, major differences exist in homeowners insurance costs from state to state. Home insurance policy rates in states differ depending on the number and total value of homeowners claims filed statewide, and depend on the value of the dwelling and belongings being insured.
The best way to find a cheap home insurance policy in North Carolina is to compare rates and consider policies from a variety of insurance companies. Learn more about how much home insurance costs in North Carolina via the below data. Your rates may vary, depending on your coverage limits.
Rates for home insurance in North Carolina vary based on the insurance company you use. Safeco offers the most affordable homeowners policies in North Carolina — just $659 annually. This compares favorably to the state average cost of $1,794, providing a remarkable $1,135 price cut on rates typical to the state.
Start your search for a home insurance policy by viewing average rates from top North Carolina insurance companies, listed below.
|Insurance Company||Average Annual Rate in North Carolina|
|North Carolina Farm Bureau||$1,248.54|
Not all North Carolina cities have equal homeowners insurance rates. Pricing may depend on city-specific variables, including the number of homeowners claims filed nearby, giving your ZIP code weight in deciding how much you pay.
The cheapest home insurance in North Carolina is found in Asheville. The average homeowners insurance policy in Asheville runs only $1,006 per year — $788 less than the average North Carolina rate. The below cities have the most affordable homeowners insurance in North Carolina.
|City||Average Yearly Home Insurance Rate|
If you want to save on insurance, consider purchasing both your home and auto insurance policies from one company. A home and car insurance bundle in North Carolina can lead to substantial savings on auto insurance. Bundling policies in North Carolina may generate yearly savings of $55.
|Avg. Annual Auto Insurance Rate (No Bundle)||Avg. Yearly Auto Insurance Rate (Bundle)||Annual Bundle Savings||Bundle Savings %|
Looking for information on homeowners insurance in a particular city? Check out our breakdown of large 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.
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 Earthquake 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.