Average homeowners insurance cost in North Carolina

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Whether you’re a new homeowner or looking to buy insurance for your current home, securing the right homeowners’ insurance is crucial. Rates may vary depending on your insurance company and the coverage limits you choose.

According to Insure.com’s data analysis, the average cost of homeowners insurance in North Carolina is $2,933 a year.

Continue reading to learn more about homeowners insurance rates in North Carolina by ZIP code and insurer.

Key Takeaways

Homeowners insurance costs an average of $2,933 a year, based on Insure.com analysis.
Of all the ZIP codes in North Carolina, 28658 has the most affordable home insurance rates at around $1,744 annually.
In North Carolina, State Farm provides the most affordable home insurance at an average annual premium of $1,401.

Average home insurance cost in North Carolina by coverage level

The average cost of homeowners insurance in North Carolina is $2,933 per year for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible.

However, if you increase the dwelling coverage limit from $300,000 to $400,000, you will pay $3,670 per year for homeowners insurance in North Carolina for $100,000 in liability protection and $1,000 deductible. Below, you can find the average cost of homeowners insurance in North Carolina for dwelling coverage of $300,000, $400,000 and $500,000.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$2,133	$178
$200,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$2,141	$178
$300,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$2,933	$244
$300,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$2,941	$245
$400,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$3,670	$306
$400,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$3,678	$307
$600,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$5,585	$465
$600,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$5,593	$466
$1,000,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$9,323	$777
$1,000,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$9,331	$778

Homeowners insurance companies in North Carolina decide rates based on risk. They consider your location, claims history, credit history and coverage limit when calculating premiums.

If your neighborhood has seen many claims over the past few years, you can expect to pay higher home insurance rates than an area with few to no claims. Your credit score can also play a role in determining your home insurance costs.

According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.

Best homeowners insurance companies in North Carolina

It’s always a good idea to shop around and compare prices before purchasing homeowners insurance. Several factors come into play when choosing the best homeowners insurance company.

We evaluated homeowners insurance providers in North Carolina by comparing their NAIC scores and AM Best ratings and compiled a list of the top insurers in the state. Based on Insure.com’s analysis, State Farm received the lowest NAIC score and an AM Best rating of A++. A lower NAIC score signifies fewer complaints relative to the company’s size, indicating greater customer satisfaction.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
State Farm	$1,162	A++	0.95	5
Nationwide	$3,141	A+	0.87	3.93

Average homeowners insurance cost by company in North Carolina

State Farm provides the most affordable homeowners insurance in North Carolina, with an average annual premium of $1,401. North Carolina Farm Bureau and Nationwide also offer cheap home insurance rates.

Shopping around for homeowners insurance can help you save hundreds of dollars annually.

Here are the average annual and monthly insurance rates for homeowners in North Carolina with a policy that provides $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

Company	Average annual rate	Average monthly rate
State Farm	$1,401	$117
North Carolina Farm Bureau	$2,514	$209
Nationwide	$5,456	$455
Erie Insurance	$5,936	$495
USAA*	$4,492	$374

*USAA is only available to military community members and their families.

North Carolina homeowners insurance rates by ZIP code

Insurance companies in North Carolina assess the risk associated with a specific location. ZIP codes prone to higher crime rates or frequent natural disasters are often classified as high-risk areas, which can lead to increased insurance premiums. The cost of rebuilding or repairing homes in a specific ZIP code can also impact how much you pay for a homeowners insurance policy.

Make sure you shop around and compare quotes from various insurance companies to get the best deal on homeowners insurance rates in North Carolina. Don’t forget to ask about any available discounts, such as bundling policies or a smart home discount.

Most affordable ZIP codes for home insurance rates in North Carolina

Home insurance costs vary across different areas in North Carolina. What you pay for homeowners insurance depends on several factors, including your ZIP code. According to our data, the 28658 ZIP code has the lowest home insurance rates in North Carolina, at $1,744 annually or $145 per month.

Here are the homeowners insurance rates for some of the most affordable ZIP codes in North Carolina.

ZIP code	Average annual rate	Average monthly rate
28658	$1,744	$145
28610	$1,745	$145
28168	$1,746	$146
28650	$1,747	$146
28673	$1,748	$146
28609	$1,749	$146
28753	$1,766	$147
28743	$1,768	$147
28716	$1,772	$148
28786	$1,774	$148

Most expensive ZIP codes for home insurance rates in North Carolina

In North Carolina, certain areas experience higher premiums because of higher crime rates, increased risk of natural disasters and the cost of living.

Homeowners in 28480 ZIP pay the highest insurance rates in North Carolina, with an average annual premium of $29,676.

Below is a list of some of the most expensive ZIP codes in North Carolina for homeowners insurance.

ZIP code	Average annual rate	Average monthly rate
28480	$29,676	$2,473
28428	$29,674	$2,473
28409	$29,617	$2,468
28403	$29,545	$2,462
28461	$29,002	$2,417
28462	$28,997	$2,416
28469	$28,902	$2,409
28524	$27,963	$2,330
28511	$27,954	$2,330
28512	$27,925	$2,327

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in North Carolina by city

See rates in your city

Home insurance rate trend in North Carolina

We analyzed home insurance rate trends in North Carolina and found that homeowners insurance rates experienced an overall increase of 6% or $173, from 2022 to 2023.

The below data shows how much homeowners insurance rates have changed since 2019.

2019 rates	2022 rates	2023 rates
$1,878	$2,760	$2,933

To find the right homeowners insurance, research thoroughly and compare costs from multiple insurers, as they assess risk differently. Getting quotes from at least three companies helps ensure you get the most affordable coverage in North Carolina.

Resources & methodology

Source

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.

Methodology

Insure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

$300,000 dwelling coverage
$100,000 liability protection
$1000 deductible

We have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.