Average homeowners insurance cost in North Charleston, SC

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The average cost of homeowners insurance in North Charleston is $3,838 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), based on Insure.com’s rate data analysis. It’s $1,334 more than the national average of $2,504.

However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in North Charleston depend on a number of factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide to know how much homeowners insurance cost per month in North Charleston, home insurance cost for different dwelling coverage, also know which companies offer cheap home insurance in North Charleston.

In this guide, we will explain everything from what coverage options are available to which companies have the cheapest rates for homeowners insurance in North Charleston.

Key takeaways

The cost of your homeowners insurance policy in North Charleston can vary based on factors such as your location, the value of your home, and the coverage options you select.
State Farm is the cheapest homeowners insurance company in North Charleston with an average annual premium of $2,403.
If you increase your dwelling coverage from $200,000 to $300,000, you will pay $942 more, annually for home insurance.

Average homeowners insurance cost in North Charleston per month

Residents of North Charleston pay an average of $320 a month for homeowners insurance, as per Insure.com’s rate analysis. It’s $98 more than the state average of $222 and $111 more than the national average for home insurance across the United States.

The cost of your homeowners insurance policy in North Charleston may change based on location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in North Charleston

In North Charleston, SC, homeowners pay an average of $2,896 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as – natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas are higher, resulting in higher insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

Average homeowners insurance cost for a $300,000 house in North Charleston

Based on a rate analysis conducted by Insure.com, North Charleston residents pay an average of $3,838 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. If you plan to increase your dwelling coverage from $200,000 to $300,000, you must pay an additional $942 per year for home insurance.

Buying adequate insurance to cover the entire expense of rebuilding your home is best advisable. However, the amount of dwelling coverage you need may vary depending on your home’s size, amenities, and the cost of living in your area.

Average homeowners insurance cost in North Charleston by company

Among the carriers analyzed, State Farm is the most affordable homeowners insurance company in North Charleston. It’s average annual rate for homeowners in North Charleston is $2,403.

Allstate, ranks second and Auto-Owners makes it to the third spot with an average annual home insurance rate of $2,769.

Research on the company is essential before selecting a homeowners insurance policy. Insure.com has thoroughly examined all insurance companies operating in North Charleston and compiled a list of the most affordable home insurance companies.

Below are details of North Charleston home insurance companies and their average annual premiums.

Home Insurance Company	Annual rate
State Farm	$2,403
Allstate	$2,476
Progressive	$3,001
South Carolina Farm Bureau Mutual	$4,369
Farmers	$4,991
Travelers	$9,419
Auto-Owners	$2,769
USAA*	$2,986

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in North Charleston for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.