Home Renters insurance Renters insurance cost North Carolina Charlotte, NC How much is renters insurance in Charlotte, North Carolina Renters insurance in Charlotte costs an average of $316 annually or $26 monthly. View Carriers Please enter valid zip Compare top carriers in your area Written by Shivani Gite Shivani Gite 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. | Reviewed by Nupur Gambhir Nupur Gambhir Nupur Gambhir is an insurance expert and managing editor of Insure.com. She specializes in life and health insurance content, and has experience as a marketing consultant. | Updated on: May 17, 2025 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. In Charlotte, the average cost of renters insurance is $316 annually for $40,000 in personal property, $300,000 in liability and a $1,000 deductible. It is $50 less than the state average of $366 per year.Renters insurance costs can vary based on the coverage you choose and the amount of liability protection included in your policy. If you’re living in a rental, it’s a smart way to protect your personal belongings from things like fire, smoke, theft, vandalism, and other covered incidents. Let’s take a look at the cheapest renters insurance options in Charlotte.Key TakeawaysRenters insurance costs an average of $316 per year or $26 per month in Charlotte.North Carolina Farm Bureau has the cheapest renters insurance for Charlotte renters at $13 per month.Taking advantage of discounts, such as having a security system or bundling renters insurance with other insurance policies, can help reduce your insurance premiums.What is the average cost of renters insurance per month in Charlotte?The average monthly cost of renters insurance in Charlotte is $26, which is $5 less than the state average of $31. This rate is for a coverage limit of $40,000 in personal property, $300,000 in liability protection and a $1,000 deductible.Renters insurance rates vary by city depending on the coverage and the insurance company you choose. For example, renters in Charlotte pay $14 monthly for $20,000 in personal property coverage with a $1,000 deductible. If you increase your personal property coverage to $40,000, the cost will rise by $12.Higher coverage limits are recommended if you own valuable items like jewelry, furniture, and electronics.How much is renters insurance in Charlotte by deductible?Renters insurance in Charlotte costs an average of $203 per year for a $500 deductible and $20,000 in personal property coverage.The deductible is the amount you pay before your insurance coverage applies. By increasing your deductible, you can lower your insurance premium. For instance, raising your deductible from $500 to $1,000 will save you $30 annually.The table below shows renters insurance premiums for varying personal property coverage and deductible amounts.Deductible$20,000 personal property$40,000 personal property$60,000 personal property$500$203$357$488$1,000$173$316$431Note: The liability protection coverage is $100,000.Who offers affordable renters insurance in Charlotte?North Carolina Farm Bureau provides the cheapest rates in Charlotte, with an annual premium of $151 or $13 per month. State Farm is the second-cheapest company, followed by Auto-Owners.Below is a list of the cheapest renters insurance companies and their average annual and monthly rates.Renter insurance providerAverage annual rateAverage per month rateNorth Carolina Farm Bureau$151$13State Farm$240$20Auto-Owners$245$20Allstate$272$23Erie Insurance$355$30Nationwide$444$37Metropolitan$532$44USAA$160$13How to lower the cost of renters insuranceFollow these tips to reduce the cost of your renters insurance in Charlotte:Bundle policies. If you have other insurance policies, such as car insurance, consider bundling them with the same company. Many insurers in Charlotte provide discounts for bundled policies.Increase your deductible. A higher deductible can lower your premium in Charlotte, but make sure you’re comfortable with the potential out-of-pocket costs if you file a claim.Choose the right coverage amount. Review your renters insurance policy regularly to ensure you aren’t paying for unnecessary coverage, such as excess personal property coverage if you don’t own many valuables.Avoid filing too many claims. Filing frequent small claims can increase your rates. It might be worth paying for minor damages out-of-pocket instead of using your insurance.Compare quotes. Don’t accept the first quote you get. Shop around and compare renters insurance rates from different insurers in Charlotte to find the best deal.Renters in Charlotte should purchase renters insurance to protect their belongings and financial health. The cost of coverage varies based on your location, coverage limits and individual circumstances. To find the best deal, evaluate your coverage needs, compare quotes from different providers and take advantage of any available discounts.MethodologyInsure.com, with the help of Quadrant Information Services, gathered data for renters insurance rates in Charlotte in 2023 for $40,000 personal property coverage, $300,000 liability coverage, and a $1,000 deductible. The data presented are those with a good credit tier alignment. How much is renters insurance in other cities?CaryDurhamFayettevilleFriscoGreensboroNashvilleRaleighVaughanWinston-SalemShivani GiteContributing 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. In case you missed it What is HO-6 condo insurance and how much does it cost? 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