How much is homeowners insurance in Durham, North Carolina?

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In Durham, homeowners pay an average annual rate of $2,479 for a coverage level that includes $300,000 for dwelling, $100,000 for liability protection, and a $1,000 deductible, according to our data. This is $25 less than the national average of $2,504 .

Homeowners insurance premiums can vary significantly from one property to another. In Durham, the cost of home insurance is influenced by several factors, including:

Size of your home
Age of your home
Amount of coverage required
Location
Your credit score

State Farm is the cheapest homeowners insurance company in Durham with an average annual premium of $872 per year.

This guide covers everything from available coverage options to companies with the cheapest homeowners insurance rates in Durham. Keep reading to learn about the monthly cost of homeowners insurance in Durham, the cost for different dwelling coverage levels, and which companies provide the most affordable home insurance in Durham.

Key Takeaways

The cost of your homeowners insurance policy in Durham 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 Durham with an average annual premium of $872 .
If you increase your dwelling coverage from $200,000 to $300,000, you will pay $860 more annually for home insurance.

How much is homeowners insurance in Durham per month?

Residents of Durham pay an average of $207 per month for homeowners insurance. This is $37 less than the state average of $244 and $2 less than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Durham can vary depending on your location, property value, and selected coverage options.

How much is homeowners insurance for a $200,000 house in Durham?

Homeowners insurance with $200,000 in dwelling coverage and $100,000 in liability protection costs about $1,619 per year in Durham. Your rate can vary based on a number of factors, especially the risk of natural disasters in your area. Places more prone to floods, hurricanes, or tornadoes often face higher rebuilding costs, which leads to higher insurance premiums.

It is important to note that your insurance plan may not cover flood or hurricane damage. So, if you live in an area prone to flooding, consider buying flood insurance coverage.

How much is homeowners insurance for a $300,000 house in Durham?

According to a rate analysis by Insure.com, homeowners in Durham pay an average of $2,479 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you’ll have to pay $860 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.

However, the amount of dwelling coverage you need may vary depending on the size of your home, its features, and the cost of living in your area.

How much is homeowners insurance in Durham by company?

Among the carriers we analyzed, State Farm is the cheapest homeowners insurance company in Durham. Its average annual rate for Durham homeowners is $872 , while North Carolina Farm Bureau ranks second.

Before picking a homeowners insurance policy, it’s a good idea to do a little homework on the company. To make it easier, our experts reviewed all the top insurers in Durham and put together a list of the most affordable options. Below, you’ll find the average annual premiums for each provider in the area.

Home insurance company	Annual rate
State Farm	$872
North Carolina Farm Bureau	$1,473
Nationwide	$2,803
Erie Insurance	$3,180
USAA*	$2,796

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

Bundling your home insurance with other policies, such as auto insurance, can result in substantial savings. Many insurers offer discounts to policyholders who combine multiple policies. It will help you lower your premiums and simplify policy management.

Natural disasters in North Carolina that can impact your home insurance

Living in North Carolina comes with the threat of natural disasters, which can cause significant damage to homes and property, often resulting in costly insurance claims. Understanding which natural disasters are most common in your area is essential when selecting a home insurance policy.

By knowing the specific risks in your region, you can make informed decisions about coverage limits, deductibles, and whether you need additional protection. That knowledge ensures you’re not left underinsured when disaster strikes and protects your financial well-being in the long run.

North Carolina is commonly affected by Ice storm and Winter weather.

How home insurance protects you against natural disasters

Home insurance protects your property and belongings from the financial impact of natural disasters. Home insurance can help pay for structural damage repairs, replace lost or damaged items, and provide funds for temporary housing if you can’t live in your home. This coverage provides financial relief, making it easier for homeowners to recover quickly from the effects of natural disasters.

While standard policies generally cover damage from windstorms, hail and lightning, additional coverage is required for disasters like floods, earthquakes and wildfires.

These types of damage are usually not covered by homeowners insurance, so homeowners need to buy separate flood or earthquake insurance to ensure complete protection.

TIP

While homeowners insurance typically protects against common hazards, some natural disasters – like floods and earthquakes – require separate policies. Don’t assume you’re fully covered. Check your policy details and consider endorsements or supplemental coverage if you live in a high-risk area.

Methodology

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

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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.