Charlotte, NC Homeowners Insurance

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How to find cheap homeowners insurance in Charlotte

 

A critical consideration for every homeowner should be home insurance. Fire, vandalism, theft, and wind damage are just some of the perils from which homeowners coverage can protect your dwelling and other personal belongings. Incidents like this occur regularly. When paired with the high cost of repairing or rebuilding a home, purchasing homeowners coverage can seem like a great idea.

What you pay for homeowners insurance depends on many factors. This can include the overall value of your house, the value of your personal belongings, and the materials that were used when building your home. Your home's location can also impact how much you pay, as some locations are more prone to destructive hazards. If your area is at risk of being affected by hail, strong winds, fire, frozen pipes, or volcanic activity, then your premiums could be substantially higher than average. Discover more about what your homeowners insurance policy covers.

If you want to find cheap home insurance coverage in Charlotte, start with shopping around and comparing policies. Take a look at the summary below showing average homeowners insurance premiums in Charlotte to help you get as much information as possible when you start your search for homeowners insurance. One thing to note is that the yearly cost of home coverage is determined based on your chosen coverage limits as well as a number of other rating factors.

 
Charlotte, North Carolina, homeowners insurance — table of contents:
  1. Rates by company
  2. Rates by coverage level
  3. Rates by ZIP code
  4. Rates by deductible level
  5. Bundling discounts

 

Home insurance in Charlotte by insurance company

What you pay for homeowners insurance in Charlotte will depend on the insurance company you get your policy through. The most inexpensive home insurance in Charlotte comes from Safeco, which offers average annual rates of just $661 per year. This is more favorable than the city’s average home insurance premium of $1,195.

Have a look at the cheapest insurance companies in Charlotte, North Carolina to find the best home policy for you.

 
AFFORDABLE HOMEOWNERS INSURERS IN CHARLOTTE
CompanyAverage Annual Rate
Safeco$661
North Carolina Farm Bureau$864
Liberty Mutual$894
Nationwide$1,005
Erie$1,036

 

Average homeowners insurance prices in Charlotte by coverage amount

Your chosen amount of homeowners coverage impacts the insurance premiums you pay. In Charlotte, carrying $200K dwelling coverage costs an average of $796, while carrying additional coverage up to $400K costs $1,469 per year.

 
HOMEOWNERS INSURANCE RATES IN CHARLOTTE — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$100K Dwelling$505
$200K Dwelling$796
$250K Dwelling$1,017
$400K Dwelling$1,469

 

Charlotte home insurance prices by ZIP code

Not every area of Charlotte has equal home insurance costs. One of the factors that insurers use when pricing your insurance policy is the number of claims filed in your surrounding area. As such, your neighborhood's location can drastically impact your home insurance rates.

The cheapest home insurance rates in Charlotte are available in 28105, 28202, and 28203. In these ZIP codes, the typical home insurance policy costs $1,195 per year — the same as the citywide average in Charlotte.

 

AFFORDABLE AREAS FOR HOMEOWNERS INSURANCE IN CHARLOTTE
ZIP CodeAverage Annual Home Insurance Rate
28105$1,195
28202$1,195
28203$1,195

Other areas of Charlotte, it should be noted, face homeowners rates that are higher than the city average. Such areas might face a higher risk of perils such as fires or severe weather events. Similarly, they may also have a higher rate of crimes such as burglary or vandalism.

 

Homeowners insurance deductibles in Charlotte

Homeowners have numerous choices to make when buying a homeowners policy, including the amount of their deductible. The deductible is the dollar amount that the insured must contribute toward a covered loss. Where you choose to set your homeowners deductible is directly related to the overall cost of your coverage.

In general, choosing a lower deductible means that your insurance premiums will be higher. Therefore, it might make sense to set a higher deductible if you are hoping to lock in lower insurance rates. Bear in mind that your homeowners deductible should not be set at an amount that you would have difficulty paying in the event of a loss.

The following chart illustrates the typical premium costs affiliated with most deductibles.

 
HOME INSURANCE COSTS BY DEDUCTIBLE LEVEL IN CHARLOTTE
Deductible LevelAverage Annual Homeowners Insurance Rate
$500$1,172
$1,000$1,017
$1,500$947
$2,000$802
$5,000$708

 

Money-saving tip: bundle home and auto insurance in Charlotte

One way to save on insurance costs is to think about bundling your homeowners and auto insurance policies through the same company. Bundling your homeowners and auto insurance is one way to save substantially on your monthly car insurance premiums. In fact, bundling policies in Charlotte leads to average annual savings of 12%.

 
CHEAPEST AUTO INSURANCE RATES WITH A POLICY BUNDLE IN CHARLOTTE
CompanyAvg. Annual Auto Insurance Rate (With Bundle)
GEICO$1,216
American Family$1,425
Allstate$1,623
Farmers$1,662
Liberty Mutual$1,876
 

A great way to save on insurance is to bundle your home and auto policies with the same insurance company.

 

Get free quotes for home insurance to compare and save!

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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.