Best Home Insurance in North Carolina (2019)

Compare personalized Home insurance rates in North Carolina

Home Insurance in North Carolina

When the time comes to renew your homeowners insurance in North Carolina, you may know the importance of comparing policies and finding the best price for the coverage that fits your home. Yet, it can seem a bit overwhelming to compare homeowners insurance in North Carolina to find the right fit. To make it easy to do and to help you to find cheap homeowners insurance, we have a step-by-step plan for you here.

Home Insurance Companies in North Carolina

To get started, locate the homeowners insurance agencies in North Carolina available in your area. Then, be sure they are verified to be financially stable to create a list of the top-rated homeowners insurance companies in North Carolina. You’ll want to work with the best home insurance companies in North Carolina who offer competitive rates, customizable home insurance policies, and a wide range of features. You can get some help from independent home insurance agents in North Carolina, or use our process here to help you.

 

How to Get the Best Rates for Home Insurance in North Carolina

To get home insurance in North Carolina, you need to know which insurers are available in your area. Enter your zip code here, and you’ll have access to a full list of options.

 

<zipcode>Find The Cheapest Home Insurance In Your Area:</zipcode>

 

How Much Does Homeowners Insurance Cost in North Carolina?

The cost of insurance is always important as most people want the cheapest home insurance in North Carolina. Yet, finding that isn’t easy if you do not know what to consider a normal rate. Nationally, homeowners spend $1,173 per year on the average HO-3 policy. The average annual premium in North Carolina is $1,000, significantly less.

 

<twitter>Nationally, homeowners spend $1,173 per year on the average HO-3 policy. The average annual premium in North Carolina is $1,000, significantly less.</twitter>

 

List of Homeowners Insurance Companies in North Carolina

To find home insurance companies to work within your location, enter your zip code on this page. You’ll then be able to request quotes from local companies.

How Homeowners Insurance Is Calculated in North Carolina

Insurance companies use a wide range of data points to determine the cost of coverage to you. They need to determine how much risk you represent to them based on a variety of factors. Some of these factors include the following.

 

<qa>1;Crime;Crime is an important factor for insurance companies. In high-risk areas, there is more threat of vandalism and theft. To compare, they use the crime rate in each area. Nationally, there are 24 incidents per 1,000 residents occurring in relation to property crime. In North Carolina, there are 25.45 incidents per 1,000 residents.</qa>

<qa>2;Weather/Climate;North Carolina does have some climate-related concerns that can impact home insurance rates. The area has seen wildfires and flooding over the years. It’s also at risk for damage from hurricanes, severe thunderstorms, hail, and much more. This can cause some homeowners to pay a bit more in home insurance.</qa>

<qa>3;Home Values;How much your home is worth matters. This is very specific to your property, but North Carolina as a whole is about average for the country. The median home value here is $183,400. You may pay more for coverage if your home’s value is higher.</qa>

Home Insurance Requirements in North Carolina

When it comes to home insurance, knowing what you need is essential, but not always easy to do. Be sure to talk to your insurance agent to determine the best policy for your goals. Here are some answers to common questions.

Is Homeowners Insurance Required in North Carolina?

North Carolina doesn’t have any state laws requiring insurance on property. Yet, as with other areas, mortgage lenders tend to require comprehensive coverage if you have a loan. This helps to protect your investment and theirs.

What Does Home Insurance Cover?

Policies in North Carolina typically cover most risks. This includes fires, storms, and theft to the home. It covers both the structure itself along with the possessions you own. Policies also cover liability coverage, to protect you from claims of loss from people that don’t live at your home. Most policies exclude flood damage, and some exclude hurricane-related damage. You can update your policy to include these risks.

Homeowners Insurance for New Properties in North Carolina

North Carolina has seen a significant amount of new construction over the last few years. If you are building a home, be sure to work with your insurer to create the ideal coverage. It should include coverage at a value high enough to rebuild your new home if it is lost.

Homeowners Insurance for Old Properties in North Carolina

Older homes in North Carolina also need coverage. They are just as at risk as new ones. However, your home’s value may change over time. Be sure to update your policy to reflect this.

Renters Insurance in North Carolina

Technically, there is no law that requires you to have renter’s insurance in North Carolina. However, your landlord may place a clause in your contract to lease a home, condo, or town-house that requires you to maintain it.

 

Renter’s insurance is very valuable to renters. What you don’t realize is that the owner’s insurance doesn’t cover any of your risks to your possessions or your liability claims. Renter’s insurance can do this at around $20 to $25 per month.

 

<zipcode>Compare Renters Insurance in North Carolina</zipcode>

 

Compare Home Insurance in North Carolina by City

You need to have the cheapest home insurance in North Carolina, but where do you find it? To get started, compare home insurance quotes from numerous insurers. You can do that for the following big cities to get you started.

 

<qa>1;Home Insurance Quotes in Charlotte, North Carolina;Charlotte is a charming Southern city with a lot of valuable, historic homes. It’s home to 859,035 people. Charlotte’s average home value is $225,000.</qa>

<qa>2;Home Insurance Quotes in Raleigh, North Carolina;The center for financial and business in the area, Raleigh is an important place to live. There are 464,758 people living in the city and many more in the suburban area. The median home value here is $272,800.</qa>

<qa>3;Home Insurance Quotes in Greensboro, North Carolina;Greensboro is also an important commercial center with a wide range of home styles. About 290,222 people live here. More affordable, Greensboro’s median home value is $142,000.</qa>

<qa>4;Home Insurance Quotes in Durham, North Carolina;Durham is located in the heart of the state and offers a wide range of amenities the 267,743 residents love. Home values in Durham are a bit higher at $227,000.</qa>

<qa>5;Home Insurance Quotes in Winston-Salem, North Carolina;Historically important and a growing area, Winston-Salem is home to 244,605 people. Home values here are affordable and under the national average at $133,100.</qa>

 

Bonus: Most Expensive Homes in North Carolina

If you are thinking about buying a home in North Carolina, and you want low insurance costs, you may not want to buy one of these properties.

 

  1. The home at 710 Shoals Watch Way on Bald Head Island is valued at $11.99 million.
  2. A home in Asheville at 24 Browntown is valued at $10.75 million.
  3. Located in Cashiers, a home at 1534 Silver Run Road has a value of $9.965 million.

 

<resources>https://www.reviews.com/homeowners-insurance/north-carolina/;https://www.neighborhoodscout.com/nc/crime;http://statesatrisk.org/north-carolina;https://www.zillow.com/nc/home-values/;http://www.citypopulation.de/USA-NorthCarolina.html</resources>