How much is renters insurance in Winston-Salem, North Carolina

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.

Renters insurance in Winston-Salem, North Carolina averages $366 annually – $70 less than the state average of $436 per year.

A standard renters insurance policy covers your personal belongings against fire, smoke, theft, and vandalism. It also provides liability protection if you’re held responsible for injuring someone or damaging their property.

Factors like your ZIP code, deductible, coverage limits, insurer, and eligible discounts all play a role in determining your final rate.

How to get the best deal for renters insurance in Winston-Salem

Get quotes from at least three insurers before committing – rates can vary dramatically for the same coverage, and the difference can add up to hundreds per year.
Ask about bundling discounts if you carry auto or other insurance – placing multiple policies with one provider usually brings your rate down.
Try increasing your deductible to $1,000 if you’re currently at $500 – the annual savings can reach $37.
Check whether your building’s safety features – deadbolts, smoke detectors, or a security system – qualify you for a discount.
Pay your premium in full for the year rather than splitting it into monthly payments – most insurers reduce the rate for upfront payment.

What is the average cost of renters insurance per month in Winston-Salem?

Monthly renters insurance costs in Winston-Salem depend on your provider and how much coverage you carry. For a policy with $20,000 in personal property coverage and a $1,000 deductible, the average monthly rate is $16.

Upgrading to $40,000 in personal property coverage adds approximately $15 more per month, putting the average premium at $31. That figure covers $40,000 in personal property protection, $100,000 in liability coverage, and a $1,000 deductible – $5 less than the state monthly average of $36.

Key takeaways

Renters insurance protects your belongings and provides liability coverage in your rental home
Renters insurance in Winston-Salem costs an average of $366 annually
North Carolina Farm Bureau is the most affordable insurer in the city
Your premium is affected by your insurer, coverage limits, ZIP code, and eligible discounts
Higher coverage limits make sense if you own valuables such as electronics, jewelry, or high-end furniture

How much is renters insurance in Winston-Salem? Rates by deductible

A policy with a $500 deductible and $20,000 in personal property coverage costs an average of $232 per year in Winston-Salem.

Your deductible is the amount you pay out of pocket before your coverage kicks in. Raising it is one of the simplest ways to reduce your premium – going from $500 to $1,000 can trim $37 from your annual bill.

The table below breaks down renters insurance premiums by personal property coverage amount and deductible.

Deductible	Rates with $20,000 personal property	$40,000 personal property	$60,000 personal property
500	$232	$417	$571
1000	$195	$366	$501

Who offers affordable renters insurance in Winston-Salem?

North Carolina Farm Bureau tops the list for affordability in Winston-Salem, coming in at $165 per year or $14 monthly. State Farm holds the second spot, with Auto-Owners rounding out the top three.

The table below compares average annual and monthly premiums from the most affordable renters insurance providers in Winston-Salem.

Renter insurance provider	Average annual rate	Average per month rate
North Carolina Farm Bureau	$165	$14
State Farm	$240	$20
Auto-Owners	$267	$22
Allstate	$270	$22
Erie Insurance	$394	$33
Nationwide	$564	$47
Farmers	$665	$55

How to lower the cost of renters insurance

You can lower the cost of renters insurance by shopping around, bundling policies, and going for a higher deductible.

Bundle policies. Pick your renters, auto, and other insurance with one provider to unlock multi-policy savings.
Increase your deductible. Raising your deductible cuts your premium right away – just make sure you have enough set aside to cover it if you need to file a claim.
Choose the right coverage amount. Make an account of your belongings once a year. If you don’t have much value, your current personal property coverage limit may be higher than it needs to be.
Avoid filing small claims. Frequent small claims can push your rates up more than a single large one. When the damage is minor, paying out of pocket often works out better.
Improve your credit score. Most states allow insurers to factor in credit when pricing policies. Keeping your score healthy can have a direct impact on your premium and keep your rates steady.
Compare quotes every renewal. Premiums shift from year to year. A quick comparison at renewal – about 30 minutes – can save hundreds of dollars.

Renters insurance replaces your belongings after theft or damage, and it protects you financially if you’re held liable for someone else’s loss. Comparing quotes and taking advantage of available discounts are the most effective ways to keep your cost down.

Frequently asked questions

Is renters insurance required in Winston-Salem?

No state law mandates it, but your landlord may. Regardless, having coverage protects your belongings and shields you from liability if a guest is injured in your home.

What does renters insurance cover?

A renters policy covers personal belongings that are stolen or damaged, liability claims you’re responsible for, and temporary living expenses if a covered event makes your rental uninhabitable.

How much renters insurance do I need?

Enough to replace everything you own if it were stolen or destroyed. If you have high-value items like electronics, furniture, or jewelry, consider higher limits or scheduled coverage for those specific items.

Who has the cheapest renters insurance in Winston-Salem?

North Carolina Farm Bureau offers the lowest average rates in Winston-Salem at $14 per month.

Methodology

Insure.com worked with Quadrant Information Services to compile renters insurance rate data for Winston-Salem, using a policy with $40,000 in personal property coverage, $300,000 in liability coverage, and a $1,000 deductible. All rates are based on a good credit tier profile.

How much is renters insurance in other cities?

See rates in your city

Alisha Ambre

Alisha Ambre holds a Bachelor of Arts with honours in English Literature and Media Studies. She focuses on crafting clear, engaging content that makes complex information feel practical and approachable for everyday readers. When she’s not writing, she’s likely on the volleyball court or immersed in a good video game.