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How to find affordable homeowners insurance in Greensboro

A critical consideration for every homeowner should be their home insurance coverage. Homeowners coverage protects you against fire, wind damage, and theft for your home and the contents inside it. With the relative frequency of such perils -- along with the high cost of rebuilding or repairing damages to a home -- purchasing home insurance is a wise investment. The average homeowner in Greenboro, North Carolina pays $94 per month for insurance. This is lower than the national average monthly cost of home insurance.

The cost of home 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 info about what a home insurance policy covers.

Finding the cheapest home insurance in Greensboro starts with shopping around and comparing policies. Take a look at the summary below showing average homeowners insurance rates in Greensboro to begin your home insurance search with as much knowledge as you can. It's important to remember that the cost of your homeowners insurance is often based on the coverage limits you choose as well as a variety of other factors.

 
Table of contents:
  1. Rates by insurer
  2. Rates by coverage amount
  3. Rates by ZIP code
  4. Rates by deductible amount
  5. Policy bundling savings
 

Greensboro home insurance by company

Homeowners insurance rates in Greensboro vary from one insurance company to another. Safeco offers the most affordable home insurance in Greensboro, at just $661 per year. This compares favorably to the city’s average homeowners premium of $1,135.

Have a look at the best-priced home insurance companies in Greensboro, North Carolina. Then, see our guide listing the top homeowners insurers based on customer satisfaction to find the right homeowners policy for you.

 
AFFORDABLE HOME INSURERS IN GREENSBORO
Company Average Annual Rate
Safeco $661
North Carolina Farm Bureau $886
Liberty Mutual $918
Nationwide $964
Erie $1,011

 

Greensboro homeowners insurance prices by coverage level

How much you pay for home insurance coverage is greatly impacted by the level of coverage you choose. In Greensboro, carrying $200K dwelling coverage costs an average of $757, while carrying additional coverage up to $400K costs $1,397 per year.

 
POPULAR COVERAGE LIMITS IN GREENSBORO
Coverage Level Average Annual Rate
$100K Dwelling $481
$200K Dwelling $757
$250K Dwelling $967
$400K Dwelling $1,397

 

Greensboro home insurance rates by ZIP code

Homeowners insurance costs can vary depending on what part of Greensboro in which you live. Policies are often priced on local variables such as the number of claims filed in the immediate area, meaning the neighborhood in which you live could have a major impact on how much you pay to insure your home.

To find the most affordable home insurance rates in Greensboro, look no further than 27407. In the 27407 area, homeowners policies typically cost just $1,134 per year — a full $0 less than the Greensboro average. Find the best places to live in Greensboro for cheap home insurance by looking at the table below.

 
AFFORDABLE HOME INSURANCE AREAS IN GREENSBORO
ZIP Code Average Annual Home Insurance Rate
27407 $1,134
27406 $1,135
27301 $1,135

Other areas of Greensboro, however, face homeowners rates that surpass the city average . Such areas might face a higher risk of perils such as severe weather and fires. Similarly, they may also have a higher amount of crimes such as burglary or vandalism. One of the costliest ZIP codes for homeowners insurance in Greensboro is 27301, with an annual average rate of $1,135.

 
EXPENSIVE HOME INSURANCE AREAS IN GREENSBORO
ZIP Code Average Annual Home Insurance Rate
27301 $1,135
27401 $1,135
27403 $1,135

 

Greensboro homeowners insurance deductibles

Homeowners face a number of choices when deciding on a homeowners policy, including the amount of their deductible. A deductible is the amount for which a homeowner is responsible before the insurer will cover a claim. Choosing where to set your deductible plays a significant role in how much you pay for your coverage.

When picking a deductible, keep in mind that the higher your deductible is, the lower your premiums will be. Therefore, it might make sense to set a higher deductible if you aim to secure lower premiums. It's worth remembering that a homeowners deductible should only be as high as you can reasonably pay in the case of an actual loss.

Below are some popular deductibles offered on most home policies alongside with corresponding average insurance premiums.

 
HOME INSURANCE PREMIUMS BY DEDUCTIBLE LEVEL IN GREENSBORO
Deductible Level Average Annual Homeowners Insurance Rate
$500 $1,116
$1,000 $967
$1,500 $900
$2,000 $762
$5,000 $673
 

 

Home and auto insurance bundling in Greensboro

You might want to consider purchasing your auto and home insurance policies through the same company if saving money is one of your concerns. Bundling your homeowners and auto insurance is one way to save substantially on your monthly car insurance premiums. Bundling policies in Greensboro could, in fact, lead to average annual savings of 6%.

 
CHEAPEST CAR INSURANCE RATES WITH HOME BUNDLE IN GREENSBORO
Company Avg. Annual Auto Insurance Rate (With Bundle)
GEICO $535
State Farm $639
North Carolina Farm Bureau $752
Erie $781
AmTrust NGH $880

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Kristine Lee photo
Kristine LeeManager, Content and Data

Kristine is a licensed insurance agent who joined The Zebra in 2019 as an in-house content researcher and writer. Before joining The Zebra, she was a freelance copywriter for over five years. 

She is an authority on all things insurance and covers the ins and outs of auto, home, life and renters insurance. Her specialty is in providing data-backed insights and information to help insurance shoppers make informed decisions.

Kristine's insurance expertise and research have been cited by publications such as CNBC, BadCredit.orgCar and Driver, Business Insider, Yahoo!, The Balance, Nationwide and Elephant.

About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.