Durham Homeowners Insurance

The Zebra
Aug. 26, 2019

How to find affordable home insurance in Durham


Home insurance should be a critical consideration for every homeowner. Along with your personal property, homeowners insurance covers your dwelling against many different perils, including fire, wind damage, vandalism, and theft. Given the relatively frequent occurrence of these incidents and the substantial cost of replacing a home, a homeowners insurance policy is a solid investment.

The cost of homeowners insurance coverage factors in variables such as the cost of building materials, the value of your personal belongings, and the overall value of the primary dwelling. Location also plays a role in determining the price of your homeowners insurance policy. In areas prone to perils likefrozen pipes, hail, windstorms, or wildfires, home insurance policies may be more expensive to account for the extra risk. Find out more information about what is covered by a homeowners insurance policy.

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


Durham, North Carolina, homeowners insurance:
  1. Rates by company
  2. Rates by coverage level
  3. Rates by ZIP code
  4. Insurance bundle discounts

Home insurance in Durham by insurance company

Durham homeowners insurance rates will vary depending on which insurance company you choose. Safeco offers the most affordable home insurance in Durham, at just $661 per year. This compares favorably to the city’s average homeowners premium of $1,250.

Start your search for a home insurance policy by reviewing the cheapest companies in Durham, North Carolina, listed below.


AFFORDABLE HOME INSURANCE COMPANIES IN DURHAM
CompanyAverage Annual Rate
Safeco$661
North Carolina Farm Bureau$970
Liberty Mutual$1,004
USAA$1,121
Nationwide$1,129

Average homeowners insurance costs in Durham by coverage level

How much you spend on home insurance coverage is greatly impacted by the level of coverage you choose. In Durham, carrying $200K dwelling coverage costs an average of $847, while carrying additional coverage up to $400K costs $1,685 per year.


HOMEOWNERS INSURANCE RATES IN DURHAM — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$200K Dwelling$847
$400K Dwelling$1,685

Speak with a homeowners insurance expert

Durham home insurance rates by ZIP code

Depending on which part of Durham you live in, you could see a dramatic difference in your home insurance costs. The amount of claims filed in your local area can be a factor in determining the price of your policy. Put simply, the location of your home could have a huge impact in what you pay for home insurance.

If you're looking for the cheapest home insurance rates in Durham, take at look at the 27705 ZIP code. In the 27705 area, homeowners policies typically cost just $1,203 per year — a full $46 less than the overall average for Durham. If you’re looking for the areas with the least expensive homeowners insurance rates in Durham, have a look at the table below.


AFFORDABLE ZIP CODES FOR HOMEOWNERS INSURANCE IN DURHAM
ZIP CodeAverage Annual Home Insurance Rate
27705$1,203
27713$1,213
27517$1,266

Some parts of Durham, however, have home insurance premiums that are higher on average. These areas might face a higher danger of perils such as severe weather and fires. Similarly, they may also have a higher rate of crimes such as burglary or vandalism. An average annual rate of $1,266 makes 27517 the most expensive ZIP code in Durham for homeowners insurance.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN DURHAM
ZIP CodeAverage Annual Home Insurance Rate
27517$1,266
27560$1,266
27701$1,266

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

To save a little money, you might consider bundling your homeowners and auto insurance policies through the same company. Bundling homeowners and auto insurance can be a good money-saving option. In fact, bundling policies in Durham leads to average annual savings of 6%.


CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN DURHAM
CompanyAvg. Annual Auto Insurance Rate (Bundle)
GEICO$566
State Farm$786
North Carolina Farm Bureau$833
Erie$888
AmTrust NGH$1,003

A great way to save on insurance is to bundle your home and auto policies with the same insurance company. To speak with an insurance expert, call 855-493-9728 today.


Need homeowners insurance?