Raleigh, North Carolina, knows how to offer the best in big-city living while still keeping a small-town feel. Maybe that is why Numbeo recently ranked it the #1 city for quality of life in the nation! It is definitely one of the fastest-growing cities in the United States.
Did you know Raleigh has surpassed Munich, Germany, with the largest beer garden in the world? How much fun is that? Whether you are looking for great beer, the best in Southern cuisine, art galleries, live music, outdoor activities, or beach living, you are sure to find something to love if you choose to live in this charming city.
As great as life is in Raleigh, its residents know the area is frequently hit by natural disasters and weather events that can cause havoc and affect daily life.
Whether you need protection from tornadoes, floods, hurricanes, or some other damaging event, Insurify has you covered! Use Insurify to compare home insurance quotes and get a great rate. It’s so simple and only takes a few minutes.
Overpaying for Raleigh homeowners insurance?
How to Find Cheap Home Insurance in Raleigh
Buying a home in Raleigh makes perfect financial sense. The area offers some of the most affordable homes in the nation. Young homebuyers can find the homes of their dreams without breaking their budget.
Buying a new home is a big step and may be one of the largest financial investments of your lifetime. Of course, there are risks involved, as there are with any financial investment, but there are steps homeowners can take to minimize these risks and protect their investment.
The first important step to protecting your property is homeowners insurance coverage. Even though there are no legal requirements to purchase homeowners insurance, why wouldn’t you? Home insurance protects your property from natural disasters and theft. Different coverage levels are available for different property types, locations, and other factors.
Keep reading for a full guide on Raleigh 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, and Charlotte homeowners insurance, and Greensboro homeowners insurance.
Cheapest Home Insurance in Raleigh by Company
Homeowners insurance rates aren’t always designed with savings in mind. That’s where Insurify comes in.
As of 2020, the average home insurance premium in the Raleigh area costs $307,349 annually, and the median home value is $1,463.
It is easy to use Insurify’s shopping comparison tools to find great Raleigh home insurance rates from top home insurance companies, including Farm Bureau, State Farm, and Nationwide.
|Average Home in Raleigh||Average Annual Insurance Premium in Raleigh|
Cheapest ZIP Codes in Raleigh for Home Insurance
North Carolina cities, including Durham, Cary, and Raleigh, all have varying home insurance costs based on several factors. Whether you live in Raleigh or one of its surrounding areas, you can find the absolute cheapest home insurance available while still getting great protection for your home and property.
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 Raleigh can be relatively high or low compared to the national average; it all depends on which area you live in. Here are the most and least expensive ZIP codes in Raleigh for home insurance.
|Most Expensive Real Estate in Raleigh||Cheapest Real Estate in Raleigh|
Home value data from zillow.com
Cheapest Home Insurance in Raleigh
Home Insurance Coverage Types in Raleigh
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
Windstorm Coverage in North Carolina
The North Carolina coast is one of the nation’s most vulnerable areas for hurricane damage. Every county in the state has been impacted by hurricanes at some point. Flooding, storm surge, and heavy winds can cause devastating damage to homes and property. Hurricane Floyd was one such storm, and it ravaged the North Carolina coast in 1999, causing 57 deaths and more than $6 billion in damage to homes and properties.
North Carolina homeowners can take steps to protect their homes and properties from windstorm damage. Wind is among the perils covered by standard homeowners insurance. However, you may find that for hurricane-prone areas, there could be a separate windstorm deductible. It is a good idea to review your policy with your insurance agent and make any changes necessary to provide yourself with enough windstorm protection before hurricane season begins. The Atlantic hurricane season runs from June 1 to November 30.
Purchasing Raleigh Flood Insurance
Any area can flood, whether it is in an area designated as a flood zone or not. North Carolina residents know all too well the need to protect their homes from property damage caused by flooding. In addition to the windstorm damage from Hurricane Floyd in 1999, it was also a record-setting flood year. Many of the state’s buildings and properties were destroyed by flood damage.
Don’t leave your home unprotected from flood damage. Your North Carolina homeowners insurance policy doesn’t protect from flood damage, but you can purchase flood insurance through the National Flood Insurance Program (NFIP). Visit the NFIP website to find an approved flood insurance agent in your local area.
Buying a home is stressful enough—don’t let insuring it get in the way of enjoying your new property.
Frequently Asked Questions - Raleigh Homeowners Insurance
Am I covered against vandalism damage?
Yes, you do have protection from vandalism with your standard homeowners insurance policy, and it is not necessary to purchase additional coverage for vandalism. Homeowners insurance covers vandalism if your home, property, or personal belongings are damaged through an intentional act of vandalism. Vandalism is intentionally inflicted damage to your home and property by someone not living in your home. Common forms of vandalism include broken windows, graffiti, removal or damage to signs, arson, landscape damage, and broken pipes. Does homeowners coverage always pay for vandalism damage? No, not always. Vacant homes are not covered unless you have added additional coverage to your policy to specifically cover when your home is vacant. Contact your insurance agency about adding coverage options for a vacant home to get further details.
How do I use bundling to save money on home insurance?
Bundling is a common discount given by most insurers when you insure both your home and car with the same company. You don’t have to do anything extra to receive this discount, and in some cases, you could save up to 25 percent. If you own a business, be sure to ask if you qualify for added savings to your business insurance policy through bundling it with your home and auto insurance.
How long does it take to process home insurance claims in North Carolina?
It is in the best interest of the insurance company and the homeowner for home insurance claims to be paid as quickly as possible. Although it is not always possible to get out to damaged property after a catastrophic event such as a flood, drone technology is improving the process. Insurance companies in North Carolina are required by law to acknowledge receipt of your home insurance policy claim within 30 days, but there is no specific time frame set for when a claim must be settled. The state says each claim is different and the length of settlement time could vary. You’ll want to take steps to expedite the processing of your claims, such as documenting your valuables through photos or a video home inventory.
Conclusion: How to Find the Cheapest Home Insurance in Raleigh
Raleigh residents really know how to enjoy life and make the most of all the city’s amenities, activities, and economic opportunity. Home insurance can give you the peace of mind to just relax and enjoy life, knowing you are protected.
Use Insurify’s home insurance comparison for your property in Raleigh.
Compare Raleigh Home Insurance Quotes in Two Minutes
Browse, compare, and secure home insurance with Insurify today!
Yep, it’s that easy.