Charlotte, NC Homeowners Insurance - Best and Cheapest (2021)

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Charlotte, NC Homeowners Insurance (2021)

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!

Cheapest Insurance Companies for Homeowners in Charlotte (2021)

For homeowners in Charlotte, it's important that you evaluate all of your potential insurance options to ensure you are finding the best rate. Comparing the right insurance companies will allow you to get the best possible insurance rate for your home.

To simplify comparing companies, Insurify has analyzed rates from top insurance providers in Charlotte. The following are the best insurance rates from carriers that offer homeowners insurance in Charlotte.

Cheapest Companies
encompass

Encompass

$678/yr
usaa

USAA

$801/yr
travelers

Travelers

$815/yr
upc

UPC

$1,613/yr
state-farm

State Farm

$1,981/yr

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.

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.

$260,711$1,463

Average Annual Homeowners Insurance Premium in Charlotte by Company

Average prices for standard homeowners insurance for a 7-15 year old home, $200,000 in coverage

  • Average Annual Cost

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.

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:

HO-1: Basic
HO-2: Broad Form
HO-3: Special Form
HO-4: Tenant’s Form
HO-5: Comprehensive
HO-6: Condo Form
HO-7: Mobile Home Form
HO-8: Older Home

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!

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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.

Charlotte Homeowners Insurance FAQ

Can I bundle auto insurance and motorcycle insurance 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.

Does Erie Insurance cover Charlotte, North Carolina?

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.

How can I find a business insurance policy in Charlotte?

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.

Insurify Rate Comparison Methodology

The car insurance quotes, statistics, and data visualizations on this page are derived from Insurify’s proprietary database of over 4 million car insurance applications from ZIP codes across the United States. Insurify’s data science team performs a comprehensive analysis of the various factors car insurance providers take into account while setting rates to provide readers insight into how car insurance quotes are priced.