Raleigh Homeowners Insurance

The Zebra
Aug. 26, 2019

How to find cheap homeowners insurance in Raleigh


Home insurance should be a critical consideration for every homeowner. Fire, vandalism, theft, and wind damage are only a few of the perils for which homeowners coverage can protect your dwelling and personal property. Events like this occur often. When paired with the high cost of repairing or rebuilding a house, 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. The location of your home can also play a large role in home much you pay for homeowners insurance. Some areas are more susceptible to perils like fire, hail, frozen pipes, volcanoes, or other hazards. These can make your insurance policy even more expensive. Learn more about what your homeowners insurance policy covers.

If you want to find cheap homeowners insurance in Raleigh, start with looking around and comparing policies. Check out the below summary of average homeowners insurance premiums in Raleigh 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.


Raleigh, 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 Raleigh by insurance company

What you pay for homeowners insurance in Raleigh will depend on the insurance company you get your policy through. The most inexpensive home insurance in Raleigh comes from Safeco, which offers average annual rates of just $661 per year. This is more favorable than the city’s average homeowners premium of $1,263.

To get started with your homeowners insurance policy search, take a look at this list of the cheapest companies in Raleigh, North Carolina.


AFFORDABLE HOMEOWNERS INSURANCE COMPANIES IN RALEIGH
CompanyAverage Annual Rate
Safeco$661
North Carolina Farm Bureau$985
Liberty Mutual$1,020
Erie$1,101
Nationwide$1,150

Average home insurance costs in Raleigh by coverage level

Your chosen amount of homeowners coverage impacts the insurance premiums you pay . Homeowners in Raleigh who carry $200K in dwelling coverage pay an average of $844 per year, while those with coverage up to $400K pay around $1,682 per year.


HOMEOWNERS INSURANCE RATES IN RALEIGH — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$200K Dwelling$844
$400K Dwelling$1,682

Speak with a homeowners insurance expert

Raleigh home insurance prices by ZIP code

Not every area of Raleigh has equal home insurance premiums. 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.

If you're looking for the most affordable home insurance premiums in Raleigh, take at look at the 27603 ZIP code. In the 27603 area, homeowners coverage usually costs just $1,263 per year, which isa full $0 less than the Raleigh average. Find the best places to live in Raleigh for cheap home insurance by looking at the table below.


AFFORDABLE AREAS FOR HOMEOWNERS INSURANCE IN RALEIGH
ZIP CodeAverage Annual Home Insurance Rate
27603$1,263
27601$1,263
27604$1,263

Other areas of Raleigh, however, face homeowners rates that are higher than the city average . These parts of town could be more prone to perils such as theft, severe weather, or fires that present more risk for insurance companies. With an annual average premium of $1,263, 27601 comes in as the most expensive ZIP code in Raleigh for home insurance.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN RALEIGH
ZIP CodeAverage Annual Home Insurance Rate
27601$1,263
27604$1,263
27605$1,263

Looking for a money-saving tip for insurance in Raleigh? Try bundling

If you’re searching for ways to save on your overall insurance costs, consider purchasing your home and auto policies from the same insurance company. Bundling home and auto insurance is one way to save substantially on your monthly car insurance premiums. In fact, bundling policies in Raleigh leads to average annual savings of 6%.


CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN RALEIGH
CompanyAvg. Annual Auto Insurance Rate (Bundle)
GEICO$567
State Farm$620
North Carolina Farm Bureau$758
Erie$795
AmTrust NGH$879

Bundling your homeowners and auto policies can be a great way to save some money on insurance. To speak with an insurance professional, call 855-493-9728 today.


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