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 inexpensive home insurance in North Carolina


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.


North Carolina home insurance:
  1. By insurance company
  2. Rates by city
  3. Rates by coverage level
  4. Rates by deductible amount
  5. Insurance bundling discounts
  6. FAQs


Home insurance rates in North Carolina by insurer

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.


THE MOST AFFORDABLE HOMEOWNERS INSURANCE COMPANIES IN NORTH CAROLINA
CompanyAverage Yearly 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 costs: by city

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.


AFFORDABLE HOME INSURANCE BY CITY IN NORTH CAROLINA
CityAverage Annual Home Insurance Rate
Asheville$1,006
Hickory$1,038
Greensboro$1,135
Chapel Hill$1,141
Burlington$1,149


Homeowners insurance prices in North Carolina by coverage levels

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.


HOMEOWNERS INSURANCE RATES IN NORTH CAROLINA — COMMON COVERAGE TIERS
Coverage LevelAverage Annual Premium
$100,000 Dwelling$706
$200,000 Dwelling$1,166
$250,000 Dwelling$1,430
$400,000 Dwelling$2,071


Compare Homeowners Insurance Rates


Home insurance deductibles in North Carolina

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.


HOME INSURANCE PREMIUMS BY DEDUCTIBLE TIER IN NORTH CAROLINA
Deductible TierAverage Annual Home Insurance Rate
$500$1,633
$1,000$1,430
$1,500$1,330
$2,000$1,124
$5,000$976


Home and auto insurance bundles in North Carolina

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.


HOME AND AUTO INSURANCE BUNDLING SAVINGS IN NORTH CAROLINA
Avg. Annual Auto Insurance Rate (No Bundle)Avg. 12-Month Auto Insurance Rate (Bundle)Annual Bundle SavingsBundle Savings %
$939$884$556%


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:

  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 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.

 

AFFORDABLE HOMEOWNERS HURRICANE COVERAGE IN NORTH CAROLINA
Insurance CompanyAverage Annual Hurricane Insurance Rate
Nationwide$580
North Carolina Farm Bureau$801
Liberty Mutual$803
USAA$840
Erie$1,028

*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.


Ava Lynch LinkedIn

Based in Austin, TX, Ava has been in the insurance industry as a licensed agent for 4-plus years. Ava is currently one of The Zebra’s resident property insurance experts and has been featured in publications such as US News Report, GasBuddy, and Yahoo! Finance.