How much is homeowners insurance in Raleigh,NC

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As per Insure.com’s rate data analysis, the average cost of homeowners insurance in Raleigh is $2,616 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), It’s $112 more than the national average of $2,504 .

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

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

State Farm is the cheapest homeowners insurance company in Raleigh with an average annual premium of $2,616 per year.

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

Key takeaways

In Raleigh, homeowners insurance costs $2,616 annually.
State Farm offers the most affordable homeowners insurance in Raleigh with an average annual premium of $694.
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $915 higher.

How much is homeowners insurance in Raleigh per month

Raleigh homeowners pay an average of $218 a month, based on our rate analysis. It’s $26 less than the state average of $244 and $9 more than the national average for home insurance across the United States. The price of your homeowners insurance policy in Raleigh may vary depending on where you live, the value of your home, and the coverage you choose.

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

In Raleigh, NC, homeowners pay an average of $1,701 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.

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

According to a rate analysis by Insure.com, homeowners in Raleigh pay an average of $2,616 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 will just have to pay $915 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, the features in your home, and the cost of living in your area.

How much is homeowners insurance in Raleigh by company

After evaluating several carriers, State Farm is the least expensive homeowners insurance provider in Raleigh. It’s average annual rate for homeowners in Raleigh is $694.

North Carolina Farm Bureau holds the second position, while Nationwide secures the third spot with an average annual home insurance rate of $3,017.

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

Home insurance company	Annual rate
State Farm	$694
North Carolina Farm Bureau	$1,491
Nationwide	$3,017
Erie Insurance	$3,044
USAA*	$3,069

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Raleigh 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.