Best and Cheapest Home Insurance in North Carolina (2021)

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Introduction

In 2018, North Carolina is the fourth most moved-to state in the country, bringing the number of individual households in the Tar Heel state to 3.1 million, according to the U.S. Census Bureau. With more frequently occurring natural disasters like hurricanes, tornadoes, and flooding, North Carolina homeowners should make certain they have proper homeowners insurance to protect their property investment. The headache-inducing mirage of constant radio and television ads can make shopping for home insurance a nightmare. That’s where Insurify comes in

Insurify can help you get the best homeowners insurance in your area in just a few minutes, no matter your background, profile, or insurance needs.

How to Get Affordable Home Insurance in North Carolina

Purchasing a home will likely be one of the largest financial investments of your lifetime. With that investment, inevitably, comes risk. However, there are steps homeowners can take to minimize risk and protect their investment, including finding the right home insurance policy.

The first step to protecting your property is homeowners insurance. Though not required by law, home insurance provides financial liability for your property and belongings from natural disasters or theft. Different coverage levels are available for different property types, locations, and other factors.

Homeowners Insurance Quotes in North Carolina by Company

Like property costs, home insurance varies greatly in price from one area to another. Pricing is determined on ZIP code-specific variables such as the volume of claims filed nearby, crime rates, property costs, and risk variables such as natural disaster frequency. Even your specific neighborhood may determine if you pay more or less on our annual premiums. 

Buying and insuring a home comes with loads of unexpected costs and new living expenses. How can you be expected to pay all of these costs—vital as they are—and still provide for you and your family? 

The price of homeowners insurance varies greatly from city to city. The following quotes are general estimates of annual home insurance premiums throughout North Carolina, insurance companies offer different coverage levels and some even offer bundling options for your home and auto insurance.

For a more accurate quote estimate, use Insurify to compare all of your choices in one place.

Average Annual Homeowners Insurance Premium in North Carolina by Company

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

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Home Insurance Rates in North Carolina by City

Homeowners insurance rates aren’t designed with savings in mind. That’s where Insurify comes in.

As of 2021, the average home insurance premium in North Carolina costs $1,463 annually—far less than the national average. Thanks to the relatively mild climate compared to it’s storm-plagued neighbors to the north and south, North Carolina has reasonable home insurance premiums. The median North Carolina home is valued at $274,490.  

Rates throughout North Carolina can be relatively high or low compared to the state average—it all depends on which town you live in. Here are the most and least expensive ZIP codes in North Carolina to buy and insure a home. Average rates within these ZIP codes tend to increase relative to property cost. In wildfire- or earthquake-prone areas, rates are often higher.

CityMedian Home Price
Cary$336,400
Asheville$305,582
Raleigh$221,100
Greensboro$128,500
Winston-Salem$124,200
Fayetteville$111,100

What Does Home Insurance Cover in North Carolina?

There are several types of home insurance. Specific terms of insurance policies may vary by state, 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

Mobile Home Coverage in North Carolina

HO-7 type coverage is the best option for mobile homeowners. Even though home insurance is not mandatory in North Carolina, mortgage lenders will require some sort of proof of insurance as a prerequisite to a loan.

Similar to traditional home insurance, mobile home insurance protects your investment from a plethora of risks, including dwelling coverage, personal property, and liability protection in case of an accident or natural disaster. Mobile home coverage levels can be higher than those of a traditional home, likely because mobile homes are more susceptible to storm damage. Depending on the level of coverage you choose when insuring your mobile home, your annual premiums may fluctuate.

Natural Disasters and Home Insurance Coverage in North Carolina

As North Carolina residents know all too well, natural disasters can be catastrophic to property and livelihoods. In North Carolina, especially, homeowners and renters alike face increased hurricanes and increasing flood risk each season.

What’s covered and what’s not when it comes to homeowners policies and natural disasters in North Carolina? Damage due to uncontrollable circumstances may still be covered—your level of coverage will determine how much your property is actually protected through your policy.

With such risk, home insurance providers often charge higher premiums to cover potential disasters like wildfires. That being said, with the right tools, you may still be able to find competitive home insurance rates in your area. To choose from the best homeowners insurance companies, use Insurify to compare home insurance quotes all in one place.

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Special Home Insurance Situations in North Carolina

Unique elements of your home may affect homeowners insurance prices. Check out these quotes for some special situations that may impact your home insurance in North Carolina.

Cheapest Home Insurance for Houses Near the Coastline in North Carolina

Beachside living is wonderful. But the risk a nearby coastline may present to your home could end up increasing your home insurnace rates. The closer you are to the shore, the more at risk your property is to flooding. This will be reflected in your homeowners insurance rate.

Insurance CompanyAverage Annual Premium
Allstate$2,690
Bankers Insurance$974
Encompass$678
Erie$3,218

Cheapest Home Insurance for Houses With Swimming Pools in North Carolina

Swimming pools fall under a category called attractive nuisances. Sure, they offer a fun way to cool off during warm summer months, but they also pose a major injury risk. For that reason, having a swimming pool in your yard could increase rates.

Insurance CompanyAverage Annual Premium
Lititz Mutual$811
Metropolitan$1,477
Nationwide$2,961
Travelers$815

Tar Heels know how to save on homeowners insurance.

How to Find the Cheapest Home Insurance in North Carolina

Just like groceries or clothes shopping, you can find a good bargain on home insurance, without sacrificing sufficient coverage to protect your investment. Protect your home from water damage to burglars and everything in between. With a little research and the right tools, you’ll be on your way to big savings.

Use Insurify to compare free quotes for home insurance premiums for your property in North Carolina.

North Carolina Homeowners Insurance FAQ

Why is home insurance so expensive in North Carolina?

North Carolina homeowners may find themselves paying higher home insurance premiums due to the increased commonality of natural disasters involving intense storms with high winds and flooding. North Carolina homeowners, especially those flood-prone areas and along the coastline, may have higher-than-average home insurance premiums. When insurance companies take on increased risk, as they do in disaster-prone areas of North Carolina, they increase their chances of having to pay out customers when disaster strikes. There are ways, though, that you can cut home insurance costs, even if you live on the water. Use Insurify to compare premiums in your area.

Does USAA insure homes in North Carolina?

Yes, USAA insures home in North Carolina. However, policyholders must be active military members, veterans, or the family members of those in the armed forces.

How long does a home insurance claim take in North Carolina?

Short answer: it depends. Of course, in times of crisis, like wildfires or earthquakes, many of your neighbors will also be filing claims with their insurance companies, crowding the systems, and slowing down the claims process. The amount of time it takes to file a claim in North Carolina will vary from case to case. To find the best home insurance companies in your area, use Insurify to compare reviews and quotes.