Best Renters Insurance in Charlotte (2025)

If you’re renting a house or apartment in Charlotte, North Carolina, renters insurance is a good thing to have. Renters insurance covers your personal items if someone steals them, or a covered peril, like a windstorm, damages them. It also includes liability protection and coverage for additional living expenses.^[1]

North Carolina law doesn’t require you to have renters insurance, but your landlord can require it as a condition of your lease agreement. Here’s what you should know about renters insurance in Charlotte.

How renters insurance works in Charlotte

Renters insurance in Charlotte includes three basic coverage components: personal property insurance, liability insurance, and additional living expenses coverage.

For most tenants, apartment insurance is easy to get. Many reputable insurers sell renters insurance coverage to renters in Charlotte. To get a renters insurance policy, you’ll need to determine your coverage needs, compare several insurance companies, and get personalized quotes.

The average renters insurance premium in Charlotte is $22 per month for a policy with $30,000 in personal property coverage, according to Insurify data. Some factors that affect renters insurance rates include your ZIP code, the size of your apartment, policy limits, and deductible amount.

How to file a renters insurance claim

If you have a covered loss, you can file a claim with your renters insurance company. Making a claim is usually quick and easy.

Here’s an overview of the renters insurance claims process:^[2]

• Document the damage to your personal items.

• File a police report for break-ins or theft claims.

• Notify your insurance company and submit claim forms.

• Keep your receipts for additional living expenses.

• Wait for your settlement.

Best renters insurance companies in Charlotte

The best renters insurance company in Charlotte will depend on your personal situation, coverage needs, and preferences.

For example, Allstate offers a 25% discount to retired renters older than 55. Assurant has a pet damage endorsement that’ll pay to repair damage that your dog or cat causes. If you want the cheapest coverage, Lemonade has the lowest average premiums, based on Insurify data.

In the table below, you can see some of the top renters insurance companies in Charlotte, their average monthly premiums, and what they’re best for.

Insurance Company	Average Monthly Premium	Best For
Allstate	$17	Retirees
Amica	$14	Customizable coverage
Assurant	$23	Renters with pets
Lemonade	$11	Low rates
Progressive	$20	Discounts

What renters insurance covers in Charlotte

Renters insurance covers damage that a covered peril causes to your personal belongings. It also covers third-party liability claims and additional living expenses.

Here’s a closer look at what each portion of the policy covers:

• 

  Personal property insurance

  Personal property insurance pays to replace your belongings, like clothing, furniture, and appliances, that get damaged or destroyed. It covers perils like wildfires, smoke, lightning, theft, windstorms, hail, falling objects, explosions, and sudden water damage.

• 

  Liability insurance

  Liability coverage will pay for your legal fees and settlements if someone sues you for bodily injury or property damage. Many renters policies also provide coverage for a guest’s medical expenses if they get injured at your apartment.

• 

  Additional living expenses

  Additional living expenses, or loss of use coverage, helps pay for necessary costs if a covered peril damages your rental property and you have to move out temporarily while repairs are made. It can cover things like a hotel stay and restaurant meals.^[3]

Unique considerations for renters insurance in Charlotte

Most renters in Charlotte can benefit from having apartment insurance. But before you purchase renters insurance, it’s important to consider the city-specific factors that can affect your coverage needs and the policy’s exclusions.

Here are some things to think about as you shop for renters insurance:

• Floods: Charlotte is a city prone to flooding. An estimated 2,700 residential and commercial properties in Charlotte are located in a floodplain and may be affected by heavy rains.^[4] Renters insurance doesn’t cover flooding, even when caused by a hurricane or other natural disaster. If you want flood coverage, you can get a renters flood insurance policy through the National Flood Insurance Program (NFIP) or a private flood insurer.

• Wildfires: Wildfires are a common occurrence in North Carolina. In 2024, nearly 4,600 reported fires burned more than 15,000 acres across the state.^[5] Renters insurance will pay to replace personal belongings that are destroyed in a wildfire. But it’s important to choose a policy limit that’d pay to replace the full value of your personal items if your apartment burned down.

• Hurricanes: North Carolina experiences hurricanes, especially along the coastline. Charlotte’s inland location reduces the chance of a direct hit, but heavy rains and wind can still affect the city.^[6] Renters insurance can pay to replace personal items that are damaged by high winds. Renters insurance may cover water damage from driving rain, but only if water gets into your apartment through something like a broken window that was hit by flying debris.

How to save on renters insurance in Charlotte

Renters insurance is typically affordable, but it’s possible to reduce your premium even more. You can use these tips to save money on renters insurance in Charlotte:

• Bundle your policies. Many renters insurance companies offer discounts for bundling your renters insurance with another policy, like auto insurance.

• Raise your deductible. Choosing a higher deductible for personal property insurance can lower your renters insurance premium.

• Install a home security system. You might be able to save money by installing a home security system or other protective devices, like smoke detectors.

• Compare multiple quotes. To find the cheapest renters insurance policy for your situation, you should compare quotes from multiple insurance companies.

Renters insurance in Charlotte FAQs