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:

The size of your home
The age of your home
The amount of coverage you need
Where you live
Your credit score

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers. This will enable you to find the coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Greensboro, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Greensboro.

Key Takeaways

In Greensboro, homeowners insurance costs $2,206 annually.
State Farm offers the most affordable homeowners insurance in Greensboro with an average annual premium of $775 .
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $765 higher.

How much is homeowners insurance in Greensboro per month

Residents of Greensboro pay an average of $184 per month for homeowners insurance. This is $60 less than the state average of $244 and $25 less than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Greensboro can vary depending on your location, property value, and selected coverage options.

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

Homeowners insurance with $200,000 in dwelling coverage and $100,000 in liability protection costs about $1,441 per year in Greensboro. 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 Greensboro

Homeowners in Greensboro typically pay an average of $2,206 annually for a home insurance policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, your home insurance rates will rise by $765 . You should purchase enough insurance to cover the entire cost of rebuilding your home. The required amount of dwelling coverage can vary based on factors such as the size of your home, its features, and the cost of living in your area.

How much is homeowners insurance in Greensboro by company

After comparing several homeowners insurance companies, State Farm offers the lowest rates in Greensboro. Its average annual rate for homeowners in Greensboro is $775 , while North Carolina Farm Bureau is the second-cheapest.

Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Greensboro and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Greensboro and their average annual premiums.

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.

Bundling your home insurance with other policies, like auto insurance, can lead to significant savings. Insurance companies often offer discounts for customers who combine multiple policies. By bundling, you can reduce your premiums and manage your insurance needs with one company.

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

If your home is hit by a covered event, your insurance can help pay for repairs, replace your belongings, and even cover temporary housing if you can’t live in your home. Having the right coverage in place can make it a lot easier to get back on your feet after a disaster.

That said, not everything is automatically included. While most standard policies cover things like wind, hail, and lightning, you’ll usually need extra coverage for disasters like floods, earthquakes, or wildfires. It’s worth taking the time to understand exactly what your policy includes so there are no surprises when you need it most.

TIP

The best time to review your homeowners insurance is before a storm hits. If you’ve made upgrades to your home or live in a disaster-prone area, you may need more coverage than you think. A quick policy check now can prevent big financial losses later.

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 $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.