How much is homeowners insurance in Winston-Salem, North Carolina?

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In Winston-Salem, homeowners pay an average annual rate of $2,111 (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 change from one home to another. The home insurance premium in Winston-Salem depends on various factors, such as:

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

The average cost of homeowners insurance in Winston-Salem, NC is $1,378 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The cost of your home insurance each year depends on several factors – including the risk of natural disasters in your area. If your city is prone to events like hurricanes, wildfires, or floods, you’ll likely pay more for coverage.

Some places are more prone to natural disasters, like floods, hurricanes, or tornadoes. That makes rebuilding after a major event more expensive, which is why home insurance tends to cost more in those areas. And keep in mind, your standard policy probably doesn’t cover flood or hurricane damage. If you live in a high-risk zone, it’s definitely worth looking into separate flood insurance for extra protection.

How much is homeowners insurance for a $300,000 house in Winston-Salem

Winston-Salem residents pay an average of $2,111 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. To increase your dwelling coverage from $200,000 to $300,000, you’ll pay an additional $733 per year.

The smartest approach is to carry enough insurance to cover the full cost of rebuilding your home.

How much is homeowners insurance in Winston-Salem by company

After comparing several homeowners insurance companies, State Farm offers the lowest rates in Winston-Salem. Its average annual rate for homeowners in Winston-Salem is $772 , 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 Winston-Salem and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Winston-Salem and their average annual premiums.

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.

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 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

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, $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.