How much is homeowners insurance in Winston-Salem,NC

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Our data shows that the average cost of homeowners insurance in Winston-Salem is $2,111 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1,000 deductible). It’s $393 less than the national average of $2,504 .

Homeowners insurance rates differ significantly from one home to another. Home insurance rates in Winston-Salem 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 Winston-Salem, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Winston-Salem.

Key Takeaways

In Winston-Salem, homeowners insurance costs $2,111 annually.
State Farm offers the most affordable homeowners insurance in Winston-Salem with an average annual premium of $772 .
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $733 higher.

How much is homeowners insurance in Winston-Salem per month

Residents of Winston-Salem pay an average of $176 per month for homeowners insurance. This is $68 less than the state average of $244 and $33 less than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Winston-Salem can vary depending on your location, property value, and selected coverage options.

How much is homeowners insurance for a $200,000 house in Winston-Salem

In Winston-Salem, NC, homeowners pay an average of $1,378 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, resulting in costlier 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 Winston-Salem

Homeowners in Winston-Salem typically pay an average of $2,111 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 $733 . 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 Winston-Salem by company

Among the carriers we analyzed, State Farm is the most affordable homeowners insurance company in Winston-Salem, offering an average annual rate of $772 , 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 Winston-Salem and put together a list of the most affordable ones.

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

Home insurance company	Annual rate
State Farm	$772
North Carolina Farm Bureau	$1,334
Nationwide	$2,452
Erie Insurance	$2,692
USAA*	$2,324

*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 comes with the possibility of natural disasters that can cause serious damage to your home and belongings. From costly repairs to large insurance claims, the financial impact can be significant. That’s why it’s important to know which types of disasters are most common in your area before selecting a home insurance policy.

Understanding your local risks allows you to customize your coverage – whether that means adjusting your policy limits, choosing a higher deductible, or adding protection for hazards like floods or earthquakes. Planning ahead helps ensure you’re fully covered when it matters most.

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

How home insurance protects you against natural disasters

Home insurance can provide valuable protection against the financial impact of natural disasters. Standard home insurance policies typically cover damages from fire, windstorms, hail and lightning. However, events such as floods, earthquakes or landslides are excluded and require purchasing additional policies or endorsements. For example, flood insurance must be purchased separately, as it is not typically covered by a standard home insurance policy.

Home insurance pays for home repairs, replacement belongings and temporary living expenses if your dwelling becomes uninhabitable due to damage. The protection offered by home insurance can significantly reduce the financial impact of natural disasters.

Pro tip: Review your policy annually

There’s little time to prepare for a natural disaster, and it’s too late to make changes once a storm is on the radar. Make sure your homeowners insurance includes coverage for the types of disasters common in your area. Standard policies don’t always cover everything, like flood damage, so double-check exclusions and consider add-ons if you need them.

Methodology

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