How much is homeowners insurance in Greensboro, North Carolina?

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Our data shows that the average cost of homeowners insurance in Greensboro is $2,206 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1,000 deductible). It’s $298 less than the national average of $2,504 .

Homeowners insurance rates differ significantly from one home to another. Home insurance rates in Greensboro depend on several factors, including:

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

It’s crucial to compare quotes from multiple insurers to ensure you get the best homeowners insurance policy. This allows you to find the coverage that meets your specific needs.

Read our guide to discover the monthly homeowners insurance cost in Greensboro, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Greensboro.

Key Takeaways

The average cost of homeowners insurance in Greensboro is $2,206 per year.
State Farm is the cheapest homeowners insurance company in Greensboro with an average annual premium of $775 .
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $765 more a year for home insurance.

How much is homeowners insurance in Greensboro per month?

How much you pay for a homeowners insurance policy depends on the value of your home, your location, and the coverage options you select.

Homeowners in Greensboro pay an average of $184 per month. It’s $60 less than the state average of $244 and $25 less than the national average for home insurance across the nation.

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

In Greensboro, homeowners pay an average of $1,441 annually for a $200,000 home. The annual cost of home insurance is influenced by factors such as the risk of natural disasters in your area.

Regions more susceptible to natural disasters, such as floods, hurricanes, or tornadoes, typically face higher rebuilding costs, leading to increased insurance premiums. Keep in mind that standard insurance policies might not cover damages caused by floods or hurricanes. If you live in a flood-prone area, you should purchase flood insurance.

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

As per rate analysis by Insure.com, homeowners residing in Greensboro typically pay an average of $2,206 annually to insure a home for coverage limits of $300,000 dwelling, $100,000 liability protection with a $1,000 deductible.

Your home insurance rates will be increased by $765 if you increase your dwelling coverage from $200,000 to $300,000. It is advisable to buy enough insurance to cover the entire cost of rebuilding your home. However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

How much is homeowners insurance in Greensboro by company?

Among the carriers we analyzed, State Farm is the most affordable homeowners insurance company in Greensboro, offering an average annual rate of $775 , while North Carolina Farm Bureau ranks second.

Researching a company thoroughly before selecting a homeowners insurance policy is essential – and we can help with that. We took a close look at all the insurance companies serving Greensboro and put together a list of the most affordable ones.

Here’s a look at the top home insurance companies in Greensboro and what you can expect to pay with each one on average.

Home insurance company	Annual rate
State Farm	$775
North Carolina Farm Bureau	$1,334
Nationwide	$2,516
Erie Insurance	$2,701
USAA*	$2,503

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

Many insurance companies offer discounts to customers who bundle their policies. By combining your home insurance policy with other policies, such as auto insurance, you can lower your premiums and simplify your insurance management with one provider.

Natural disasters in North Carolina that can impact your home insurance

Living in North Carolina means facing the risk of natural disasters that can seriously damage your home and belongings. These events can lead to expensive repairs and major insurance claims. That’s why it’s so important to understand which disasters are most likely in your area before choosing a home insurance policy.

Being aware of your local risks helps you choose the right level of protection, from setting appropriate coverage limits to deciding on deductibles or adding extra coverage. Taking the time to tailor your policy to those risks can help you avoid being underinsured and give you peace of mind if you’re impacted by a natural disaster.

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

How home insurance protects you against natural disasters

Home insurance is an essential safeguard for your financial well-being, offering protection if you’re affected by a natural disaster. Natural disasters can lead to costly damage, but the right policy can help cover the cost of repairs, sparing you from major out-of-pocket costs. In many cases, home insurance also pays for temporary living expenses if you can’t live in your home.

However, not all natural disasters are covered under a standard home insurance policy. For example, flood and earthquake damage are excluded and require separate coverage. That’s why it’s so important to understand the specific natural disaster risks in your area. By doing so, you can choose a policy that truly protects your home – and your finances – from the threats that are most likely to affect you.

TIP

Many homeowners find out too late that their insurance doesn’t cover certain natural disasters. Be proactive – review your policy, ask your insurer about disaster-specific exclusions, and explore additional protection if you’re in a high-risk zone.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Greensboro for $300,000 dwelling coverage and $100,000 liability coverage with a $1000 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.