Charlotte Renters Insurance

The Zebra
July 23, 2019

Renters insurance in Charlotte, North Carolina


Renters insurance is a key coverage if you're renting a home. It covers your rental unit — and the personal property within it — against a number of perils, including theft, fire, vandalism, or wind damage. Given the reasonable likelihood of a damaging incident, the affordability of rental coverage, and the potentially high cost of replacing your belongings, a renters insurance policy is a solid investment.

The cost of renters insurance relies on a variety of factors, including the building's age, its material constitution, its geographic location, and the pricing rules of your insurance company. In areas in which fire, lightning, wind, or hail are common, renters insurance could be more expensive.

The average annual price of renters insurance in Charlotte is $160.

Finding affordable renters insurance in Charlotte starts with comparing policies. Consult our analysis of Charlotte, North Carolina renters insurance costs to ensure you start your search with as much background info as possible. Remember: your renters insurance costs may vary based on your coverage limits and other factors.


Charlotte renters insurance:

  1. Rates by company
  2. Rates by coverage level
  3. Auto and renters insurance discounts

Renters insurance rates in Charlotte — top companies

How much you pay for renters insurance in Charlotte depends on the insurance company. For instance, AAA offers the cheapest renters insurance in Charlotte, at just $101 per year. This compares favorably to the city's average cost of $160, providing a $59 price cut on typical rates in the city.

Begin your search for a renters insurance policy by reviewing the cheapest companies in Charlotte.


AFFORDABLE RENTERS INSURANCE COMPANIES IN CHARLOTTE
CompanyAverage Annual Rate in Charlotte
AAA$101
USAA$119
North Carolina Farm Bureau$135
Nationwide$141
State Farm$150

Charlotte renters insurance pricing by coverage level

Your renters insurance rates will vary depending on the amount of coverage you purchase. The most common levels of renters insurance coverage are $25,000 and $50,000 property coverage. In Charlotte, the annual cost difference between these tiers is approximately $96. If you can afford to insure your personal property at this additional expense, it's worth considering.

Coverage LevelAverage Annual Rate in Charlotte
$25K Property$112
$50K Property$207

How to save: bundle your renters and car insurance

If you’re looking to cut your insurance expenditures, purchase your renters and auto policies from the same company. Bundling renters and car insurance in Charlotte can save you a substantial sum each month on your auto insurance bill. In fact, bundling policies in Charlotte leads to average auto insurance savings of $37. The car insurance company offering the most affordable rate with a renters bundle is GEICO, followed by North Carolina Farm Bureau and Erie.


CAR AND RENTERS INSURANCE BUNDLE SAVINGS IN CHARLOTTE
Annual Bundle SavingsBundle Savings %
$373.5%

Need renters insurance? Talk to an expert today.