Home Renters insurance Renters insurance cost North Carolina Winston-Salem, NC How much is renters insurance in Winston-Salem, North Carolina Renters insurance in Winston-Salem costs $312 per year or $26 monthly, on average. 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 10, 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 Winston-Salem, the average cost of renters insurance is $312 annually for $40,000 in personal property, $300,000 in liability and a $1,000 deductible. It is $54 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 Winston-Salem.Key TakeawaysThe average cost of renters insurance in Winston-Salem is $312 annually or $26 monthly.The cheapest option for renters in Winston-Salem is North Carolina Farm Bureau, offering coverage at $12 per month.Renters can reduce their insurance costs by taking advantage of discounts, such as installing a security system or bundling policies.What is the average cost of renters insurance per month in Winston-Salem?On average, renters in Winston-Salem pay $26 per month for renters insurance, which is $5 less than the state average of $31. The policy includes $40,000 in personal property, $300,000 in liability protection and a $1,000 deductible.The cost of renters insurance in Winston-Salem varies depending on your insurance company and the coverage limit you buy. Renters in Winston-Salem typically pay $14 monthly for $20,000 in personal property coverage and a $1,000 deductible. If you decide to increase your coverage to $40,000, you’ll see an increase of $12 in your monthly premium.Choosing higher coverage limits is a good idea if you own valuable items like jewelry, electronics, or furniture.How much is renters insurance in Winston-Salem by deductible?Renters insurance in Winston-Salem costs an average of $201 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$201$352$482$1,000$171$312$426Note: The liability protection coverage is $100,000.Who offers cheap renters insurance in Winston-Salem?Your search for the cheapest renters insurance company ends here.North Carolina Farm Bureau offers the cheapest renters insurance in Winston-Salem at $145 a year or $12 per month. According to our data, State Farm ranks second on our list followed by Allstate. Below are the average annual and monthly rates of the cheap renters insurance companies in Winston-Salem.Renter insurance providerAverage annual rateAverage per month rateNorth Carolina Farm Bureau$145$12State Farm$240$20Allstate$255$21Auto-Owners$276$23Erie Insurance$344$29Nationwide$411$34Metropolitan$580$48USAA$147$12How to lower the cost of renters insuranceFollow these tips to reduce the cost of your renters insurance in Winston-Salem:Bundle policies. If you have other insurance policies, such as car insurance, consider bundling them with the same company. Many insurers in Winston-Salem provide discounts for bundled policies.Increase your deductible. A higher deductible can lower your premium in Winston-Salem, 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 Winston-Salem to find the best deal.Renters in Winston-Salem 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 Winston-Salem 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?CaryCharlotteDurhamFayettevilleFriscoGreensboroNashvilleRaleighVaughanShivani 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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