Winston-Salem Homeowners Insurance

The Zebra
Aug. 26, 2019

Find cheap homeowners insurance in Winston-Salem


Home insurance is a hugely important part of owning a home. Along with personal property, homeowners insurance covers your dwelling against many different perils, including fire, wind damage, vandalism, and theft. Incidents like this occur often. 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 factors in variables such as the cost of building materials, the value of your personal belongings, and the overall value of the primary dwelling. 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.

If you want to find affordable home insurance coverage in Winston-Salem, start with shopping around and comparing different policies. Have a look at the summary below comparing average home insurance premiums in Winston-Salem 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 homeowners coverage is determined based on your chosen coverage limits as well as a number of other rating factors.


Winston-Salem, 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 Winston-Salem by insurance company

Winston-Salem homeowners insurance rates will vary depending on which insurance company you choose. The most inexpensive home insurance in Winston-Salem 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 $1,112.

Below you'll find a list of the cheapest home insurance companies in Winston-Salem, North Carolina to help you start your search.


AFFORDABLE HOME INSURANCE COMPANIES IN WINSTON-SALEM
CompanyAverage Annual Rate
Safeco$661
North Carolina Farm Bureau$897
Liberty Mutual$929
Nationwide$932
Erie$1,011

Average homeowners insurance costs in Winston-Salem by coverage level

How much you pay for home insurance coverage is greatly influenced by the level of coverage you choose. Homeowners in Winston-Salem who carry $200K in dwelling coverage pay an average of $735 per year, while those with coverage up to $400K pay around $1,463 per year.


HOMEOWNERS INSURANCE RATES IN WINSTON-SALEM — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$200K Dwelling$735
$400K Dwelling$1,463

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Winston-Salem home insurance prices by ZIP code

Not every area of Winston-Salem has equal 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, your home's location could have a huge impact in what you pay for home insurance.

The cheapest home insurance rates in Winston-Salem are available in 27040. In 27040, the typical home insurance policy costs $1,099 per year — $13 less than the citywide average in Winston-Salem. If you’re looking for the areas with the least expensive homeowners insurance rates in Winston-Salem, have a look at the table below.


AFFORDABLE ZIP CODES FOR HOMEOWNERS INSURANCE IN WINSTON-SALEM
ZIP CodeAverage Annual Home Insurance Rate
27040$1,099
27101$1,099
27104$1,099

Other parts of Winston-Salem, however, are prone to home insurance rates that are higher on average. Crime rates, fire risk, and even your how close you are to emergency services such as fire and police stations could impact rates the risk level of certain parts of the city, which has the potential to drive up area rates. The most expensive ZIP code for homeowners insurance in Winston-Salem is 27107, where the average annual rate is $1,152.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN WINSTON-SALEM
ZIP CodeAverage Annual Home Insurance Rate
27107$1,152
27103$1,104
27105$1,104

Money-saving tip for home and auto insurance in Winston-Salem: bundling

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 can save you a substantial sum each month on your auto insurance bill. Bundling policies in Winston-Salem could, in fact, lead to average annual savings of 6%.


CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN WINSTON-SALEM
CompanyAvg. Annual Auto Insurance Rate (Bundle)
GEICO$540
State Farm$634
North Carolina Farm Bureau$734
Erie$787
AmTrust NGH$860

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 professional, reach out to us at 855-493-9728 today.


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