Charlotte, North Carolina, is home to the NASCAR Hall of Fame, the Charlotte Hornets NBA team, and the Carolina Panthers NFL team. With a metropolitan area with over two million residents, Charlotte is the most populous city in North Carolina. And the Queen City is regarded as the second-largest city in the Southeast. But residents say Charlotte still has that small-town feel. The attraction to the town is a great sign. Real estate investors and homebuyers alike are flocking to Charlotte as the city grows in popularity year after year. But as Charlotte grows, property owners need to protect their homes with the best home insurance policy. Charlotte is known for its humid subtropical climate. This climate can bring tropical storms that leave behind all kinds of devastation. Having the best coverage on homeowners insurance in Charlotte with extra protection against a covered loss is vital.
Insurify makes it easy for homeowners in Charlotte, NC, to find the best and cheapest home insurance. Compare the best insurance companies at the best home insurance rates now!
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How to Find Cheap Home Insurance in Charlotte
Charlotte, North Carolina, has a somewhat competitive housing market as demand is starting to outpace supply. If you’ve managed to snatch up a property in Charlotte, you know that it isn’t easy to find the best home on the block. But once you’ve secured a property, you need to protect your real estate investment. Natural disasters, fires, and theft can come with little to no warning. How can you get financial liability for your property from these risks? The answer is home insurance.
There are different coverage options available. It all depends on the property type, location, and other various factors related to your home. And there are ways you can save on protecting your dwelling, personal belongings, and personal liability.
Keep reading for a full guide on Charlotte home insurance.
MORE ON NORTH CAROLINA HOME INSURANCE
For general information on North Carolina home insurance, check our state guide to best North Carolina homeowners insurance. For more city-specific information, here are our guides to homeowners insurance for Winston-Salem homeowners insurance, Durham homeowners insurance, Raleigh homeowners insurance, and Greensboro homeowners insurance.
Cheapest Home Insurance in Charlotte by Company
Homeowners insurance rates aren’t always designed with savings in mind. That’s where Insurify comes in. Our free home insurance comparison tool allows you to find the best policy for the best rate fast. And your information stays private and protected.
As of 2021, the average home insurance premium in the Charlotte area costs $1,463 annually, and the median home value is $260,711.
Charlotte, North Carolina, is regarded as diverse in its economy and quality of life. It’s also known as one of the fastest-growing cities in the country. Residents enjoy living expenses at around five percent lower than the national average. That means homeowners have room to save on homeowners insurance and additional coverage. You may need coverage like flood insurance, which is an exclusion on typical homeowners coverage. And since most residents need coverage for repairs after a tropical storm, flood insurance may be necessary.
Insurance companies like State Farm, Allstate, and Nationwide offer different coverage options. And they all come at different prices. But how do you know which home insurance companies offer the best insurance plans at the best rates? By comparing home insurance quotes in Charlotte by company.
See below the average cost of homeowners insurance in Charlotte, NC.
|Average Home Cost in Charlotte||Average Annual Insurance Premium in Charlotte|
Cheapest ZIP Codes in Charlotte for Home Insurance
Some Charlotte residents may live in areas with a higher risk of flooding and tropical storms than others. But that doesn’t mean you have to face the same risks and pricing as someone across town.
Like property costs, home insurance varies in price from city to city. Pricing is determined by ZIP code–specific variables, such as the volume of claims filed nearby, crime rates, and property costs, and risk variables, such as natural disaster frequency. Even your specific neighborhood may determine if you pay more or less on your annual premiums.
Rates in Charlotte can be relatively high or low compared to the national average; it all depends on which area you live in.
Best and Cheapest Charlotte Home Insurance
Home Insurance Coverage Types in Charlotte
There are several types of home insurance. Specific terms of insurance policies may vary by city, but in general, the standard policy types are as follows:
Mobile Home Form
Charlotte Homeowners Insurance and Flood Insurance
Severe storms, drought, tornadoes, and hurricanes happen in Charlotte, North Carolina. But the most significant threat is flooding on your Charlotte property. Charlotte is known for its humid and subtropical climate and the nearby Catawba River. High rainfall and severe tropical storms lead to surges in flooding. Unfortunately, flood insurance is not included with a standard homeowners insurance policy. The best way to protect yourself from flooding when you need to make an insurance claim is to purchase flood insurance. You can buy flood insurance through the National Flood Insurance Program (NFIP). The program will help you recover quickly when your property becomes flooded. Talk to your local agent about insurance options regarding flood insurance.
Bundling For Savings in Charlotte
Bundling can be a great money-saver when purchasing insurance coverage. Bundling lets you buy multiple insurance products. You can bundle things like life insurance and car insurance with home insurance. At the same time, you get discounts from the insurance agency. Insurers want their customers to purchase multiple insurance products at once and remain loyal to them. So they’re happy to offer deals and discounts. Talk to your local agent about bundling insurance policies. You can also get a quote by comparing the best insurance companies, like Liberty Mutual and State Farm, all at once. All you need to do is use Insurify’s home insurance comparison tool. Then, as soon as you know it, you’ll have quotes delivered straight to your email. It’s that simple!
Buying a house is stressful enough—don’t let insurance get in the way of enjoying your new home.
Many large insurance companies offer to bundle with motorcycle insurance. Do you currently have auto insurance and want to know about bundling additional insurance products? Talk to your insurance agent. If you are looking for quotes, check out our comparison tool to ensure you get the best deal. Yes, Erie Insurance offers coverage in North Carolina. However, Erie does not provide insurance in South Carolina. So if you plan to move there, be aware. Many small and large insurance companies offer business insurance. For instance, State Farm is one of many to provide business insurance. Ask your local agent to find out if they provide business insurance.
Charlotte Homeowners Insurance FAQ
Can I bundle auto insurance and motorcycle insurance in Charlotte?
Does Erie Insurance cover Charlotte, North Carolina?
How can I find a business insurance policy in Charlotte?
Many large insurance companies offer to bundle with motorcycle insurance. Do you currently have auto insurance and want to know about bundling additional insurance products? Talk to your insurance agent. If you are looking for quotes, check out our comparison tool to ensure you get the best deal.
Yes, Erie Insurance offers coverage in North Carolina. However, Erie does not provide insurance in South Carolina. So if you plan to move there, be aware.
Many small and large insurance companies offer business insurance. For instance, State Farm is one of many to provide business insurance. Ask your local agent to find out if they provide business insurance.
How to Find the Cheapest Home Insurance in Charlotte
Charlotte, North Carolina, is a booming city with a competitive real estate market. You should get the right coverage for your home in Queen City. There are so many coverage options based on your property’s type, its location, and the varying risks where you live. But finding the cheapest home insurance in Charlotte doesn’t have to defeat you.
The answer is simple. Use Insurify to compare home insurance premiums for your property in Charlotte.
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