- Best homeowners insurance companies in North Carolina
- Cheapest homeowners insurance companies in North Carolina
- How much is home insurance in North Carolina?
- North Carolina homeowners insurance rates by ZIP code
- Homeowners insurance rates in North Carolina by city
- Homeowners insurance discounts in North Carolina
- Hurricane insurance in North Carolina
- Methodology
- Frequently asked questions: North Carolina home insurance
- Compare North Carolina homeowners insurance rates with other states
Best homeowners insurance companies in North Carolina
The best home insurance company in North Carolina for 2024 is Erie Insurance. State Farm and Nationwide are among the top home insurance companies in North Carolina based on price, NAIC complaints, and AM Best financial ratings.
The total Insurance.com score is calculated out of five using these factors.
| Company | AM Best | NAIC complaint ratio | Insurance.com score | Average annual rate |
|---|---|---|---|---|
| Erie Insurance | A+ | 0.52 | 4 | $3,611 |
| State Farm | A++ | 0.83 | 3.94 | $1,170 |
| Nationwide | A+ | 1.05 | 2.42 | $3,149 |
Erie Insurance
Erie Insurance is the best home insurance company in North Carolina, with a low NAIC complaint ratio and solid AM Best rating. Erie isn't the cheapest company, but carries an impressive reputation for customer service.
State Farm
The cheapest home insurance company among those we compared by a wide margin, State Farm lands at No. 2 thanks to a slightly higher NAIC rating for customer complaints. State Farm has the best possible AM Best rating, meaning it is on solid financial footing.
Nationwide
Nationwide is our No. 3 choice for home insurance in North Carolina. Rates are higher than State Farm, but the company offers plenty of discounts to lower them. Nationwide has a strong AM Best rating and its NAIC ration is just a little above average.
Cheapest homeowners insurance companies in North Carolina
Below are North Carolina home insurance rates by company for five different levels of dwelling coverage, each with $300,000 in liability and a $1,000 deductible. State Farm offers the cheapest home insurance in North Carolina for all the five coverage levels.
| Company | $200,000 | $300,000 | $400,000 | $600,000 | $1,000,000 |
|---|---|---|---|---|---|
| State Farm | $1,110 | $1,170 | $1,515 | $2,128 | $3,122 |
| North Carolina Farm Bureau | $1,666 | $2,196 | $2,731 | $4,397 | $6,830 |
| Nationwide | $2,237 | $3,149 | $3,930 | $6,502 | $11,753 |
| USAA* | $2,355 | $3,346 | $4,149 | $6,014 | $9,893 |
| Erie Insurance | $2,712 | $3,611 | $4,678 | $7,168 | $11,567 |
*USAA only provides coverage to military members, veterans and their families.
How much is home insurance in North Carolina?
The cost of home insurance in North Carolina is $2,941 a year, or $245 a month. That’s based on the following coverage levels:
- $300,000 dwelling coverage
- $300,000 liability coverage
- $1,000 deductible
- 2% hurricane deductible
Rates will vary depending on your coverage levels, where you live, and your home's specifics.
North Carolina homeowners insurance rates by ZIP code
Many factors affect home insurance rates. Chief among them is where you live, so rates vary greatly depending on your ZIP code.
The most expensive ZIP codes in North Carolina for home insurance
North Carolina homeowners insurance rates are the most expensive for ZIP code 28445, with an average annual cost of $8,737.
| ZIP code | Annual average rates |
|---|---|
| 28445 | $8,737 |
| 28443 | $8,651 |
| 27915 | $8,615 |
| 27943 | $8,559 |
| 27936 | $8,530 |
| 27959 | $8,473 |
The least expensive ZIP codes in North Carolina for home insurance
| ZIP code | Average annual rate |
|---|---|
| 28658 | $1,752 |
| 28613 | $1,752 |
| 28610 | $1,753 |
| 28168 | $1,754 |
| 28650 | $1,755 |
| 28602 | $1,755 |
North Carolina home insurance calculator
Enter your ZIP code in the search box to see that area's average home insurance rate and the highest and lowest premiums from major insurers. Comparing home insurance rates will give you an idea of how much you can save.
Home insurance calculator
Average home insurance rates in TexasMost & least expensive ZIP codes for homeowners insurance in Texas
Most expensive
| ZIP code | City | Highest rate |
|---|---|---|
| 77550 | Galveston | $10,164 |
| 77586 | El Lago | $9,906 |
| 77551 | Galveston | $9,536 |
| 77554 | Galveston | $9,358 |
Least expensive
| ZIP code | City | Lowest rate |
|---|---|---|
| 78559 | Iglesia Antigua | $1,956 |
| 78593 | Santa Rosa | $1,999 |
| 79915 | El Paso | $2,008 |
| 79905 | El Paso | $2,009 |
The North Carolina Department of Insurance says...
When shopping around for policies, inquire about companies' level of coverage and whether or not they offer windstorm and hail protection, or if a separate windstorm and hail or flood policy is right for you. Always talk to your agent and insurance company about your specific policy to make sure you are covered.
- The North Carolina Department of InsuranceHomeowners insurance rates in North Carolina by city
Rates vary by city, and larger cities have multiple ZIP codes, affecting rates in different parts of the city. As an overview, here are the cheapest and most expensive cities for home insurance in North Carolina.
| City | Average annual rate |
|---|---|
| Wilmington | $5,994 |
| Fayetteville | $3,333 |
| Raleigh | $2,624 |
| Cary | $2,608 |
| Durham | $2,487 |
| Charlotte | $2,277 |
| High Point | $2,238 |
| Greensboro | $2,214 |
| Winston-Salem | $2,119 |
| Concord | $2,092 |
Homeowners insurance discounts in North Carolina
There are several ways to reduce your North Carolina home insurance costs. Many insurers will lower your bill if you purchase more than one type of insurance policy from them. This process – known as "bundling" – can cut your costs by 18%, on average, according to Insurance.com’s 2022 data analysis, but in North Carolina, it’s more like 21%.
You can also cut your costs by making your home more disaster-resistant. Installing hurricane glass or accordion shutters might net you a discount.
Other possible home insurance discounts include:
- Installing smoke detectors, a burglar alarm or deadbolts – 4% to 7%
- Installing a sprinkler system, fire and burglar alarm – 1%
- Loyalty discounts – about 7% on average after three to five years and 8% for six years or more
Hurricane insurance in North Carolina
Homeowners insurance for hurricanes in North Carolina requires a combination of coverage. Your homeowners insurance likely covers damage from wind and rain, although in some areas you may need to add a windstorm endorsement or policy.
It's important to know that homeowners insurance doesn't cover damage from floods. Overland flooding, including sudden flash floods from heavy rain and storm surges caused by hurricanes, is only covered by flood insurance, available through the National Flood Insurance Program (NFIP) as well as private flood insurance companies. The devastation left by Hurricane Helene in North Carolina highlighted the importance of flood insurance.
Methodology
Insurance.com commissioned Quadrant Data Services to provide home insurance rates across multiple ZIP codes in North Carolina at several coverage levels based on 2022 averages. The best insurance companies are rated based on J.D. Power's consumer surveys, AM Best ratings, and average rates and discount amounts provided by Quadrant. The content is updated for 2024.
Frequently asked questions: North Carolina home insurance
How do I get flood insurance in North Carolina?
Homeowners insurance doesn’t cover floods. You’ll need to buy a separate flood insurance policy through the National Flood Insurance Program (NFIP) or a home insurance company that works with the NFIP.
How do hurricane and windstorm deductibles work in North Carolina?
North Carolina is one of 19 states with hurricane deductibles. A home insurance company may require a hurricane deductible on your home insurance policy if your home is considered risky in a hurricane.
Rather than a flat amount, windstorm and hurricane deductibles are usually 1-5% of the total repair cost. You will be responsible for that amount.
What should I do if I can’t get a home insurance policy in North Carolina?
The North Carolina Joint Underwriting Association offers the FAIR plan for homeowners who can't get coverage elsewhere.
The FAIR plan covers you just like a regular home insurance policy. You're protected against fire, vandalism and other damages. FAIR plans cost much more than a regular policy, so they are generally the last resort.
How do I file a North Carolina home insurance complaint?
If you're having problems with an insurer, you can file a complaint with the North Carolina Department of Insurance by calling 855-408-1212 or going to the site and filing an online complaint.
When you contact the Department of Insurance, you'll need the insurance company's name, policy number, claim number and related documents, such as photos and letters.
How long does a company have to settle my claim in North Carolina?
No specified time is required to settle a claim in North Carolina, though the insurer must acknowledge receipt of your claim within 30 days.
Compare North Carolina homeowners insurance rates with other states
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