Best Homeowners Insurance in North Carolina 2024

Central Insurance Quote stands out as the best homeowners insurance provider in North Carolina, earning a 4.1 out of 5 in our evaluation. Their home insurance policies offer comprehensive financial protection, covering your main residence, additional structures, personal belongings, liability, and loss of use. Additionally, Central Insurance Quote provides numerous discount opportunities to help reduce your annual premiums.

Key Takeaways :

Insurance North Carolina provides the cheapest homeowners insurance in the state, with an average annual premium of just over $1,290, based on the companies for which we have rate information.
Multiple factors are contributing to the increase in North Carolina homeowners insurance costs, including inflation and supply chain disruptions, which are raising the expenses associated with repairing or replacing homes.
Due to climate change, insurance companies are now considering extreme weather events in their premium calculations. As a result, nearly 13% of properties in the Raleigh metro area could face rate increases or policy non-renewals due to elevated risks of high winds and flooding.

On this page :

Compare Homeowners Insurance Companies
Rating Details
Insurance Costs in North Carolina
Cheapest Home Insurance Companies in North Carolina
Special Coverage?
The Right Home Insurance Company for You
Frequent Reasons of Claims
FAQs

Compare the Best Homeowners Insurance Companies in North Carolina

Company	360 Reviews Score	Average Annual Premium	Learn More
Central Insurance Quote	4.9	N/A*	Learn More
Insurance North Carolina	4.8	$1,294	Learn More
Insurance Raleigh	4.6	$2,958	Learn More
Insurance Charlotte	N/A	$2,769	Learn More
USAA	4.4	$2,002	Learn More
Amica	4.6	$5,059	Learn More
Allstate	4.0	N/A*	Learn More

*Average premiums based on dwelling coverage for average home value of state ($300,000) and $100,000 in liability coverage.

* Carrier has low market share. ** Unable to display rates.

Best Homeowners Insurance Companies North Carolina : Detailed Overview

Central Insurance Quote »

4.9

Insurance Rating

Monthly Cost: $146.20

Pons

Insurance North Carolina provides a wide range of discounts, such as customer loyalty, alarm system, autopay, and new or remodeled home discounts.
Claims can be filed conveniently online, through the app, or by phone.

Cons

Homeowners dividend policies from Insurance North Carolina are not available in the state.
Standard homeowners insurance coverage is limited, and you may need to purchase additional policies for comprehensive protection.

AM Best Rating: A+
Quote Access: Online Estimate
Multi-Policy Discount Available: ✔

Insurance North Carolina boasts an A++ (Superior) financial strength rating from AM Best. Their homeowners insurance policies cover essential risks, including damage from wind or hail. While the range of discounts offered may be less extensive compared to some competitors, Insurance North Carolina provides a comprehensive set of online resources to assist homeowners in managing their policies and making informed choices about their coverage options.

Insurance North Carolina »

Insurance

4.8

Insurance Rating

Monthly Cost: $170.89

Pros

Local agents offer personalized customer service as you shop for a policy or if you need to file a claim.
Available discounts include roofing, automatic sprinkler, and home security discounts.

Cons

No option for online applications.
Home replacement value is calculated based on the depreciated value unless you buy optional replacement cost coverage.

AM Best Rating: A+
Quote Access: Online Estimate
Multi-Policy Discount Available: ✔

Insurance Raleigh »

4.6

Insurance Rating

Monthly Cost: $184.15

Pros

HostAdvantage insurance offers additional coverage for renting out your home.
Includes various optional policies, such as identity theft restoration, business property, and musical instrument coverage.

Cons

No option for online applications.

AM Best Rating: A+
Quote Access: Online Estimate
Multi-Policy Discount Available: ✔

Insurance Raleigh’s standard policies cover home, personal property, and liability, with optional add-ons like flood insurance available to meet specific needs. You can also reduce rates through various discounts, including for installing theft or fire protection devices, bundling policies, and maintaining a claim-free record.

Insurance Charlotte »

Insurance Charlotte

N/A*

Monthly Cost: $193.44

Pros

Homeowners insurance policies offer up to $5,000 in identity theft protection.
Standard coverage includes replacement cost and military uniform protection for active duty or deployed members.

Cons

Coverage options for homeowners insurance are restricted.
Insurance is available only to Insurance Charlotte members, who must be current or former U.S. military personnel, their spouses, or children.

AM Best Rating: A++
Quote Access: Online Estimate
Multi-Policy Discount Available: ✔

Insurance Charlotte is a members-only organization for active and veteran military personnel and their families. It provides a range of insurance, financial, and investment products, including homeowners, renters, auto, and health insurance. Homeowners insurance with Insurance Charlotte covers your home and belongings, with options to add extra coverage such as earthquake or flood insurance.

USAA »

4.4

Insurance Rating

Monthly Cost: $444.53

Pros

Offers a wide range of optional coverages, including for jewelry, valuable items, green improvements, and contents replacement cost.
Provides various discounts, such as for protective devices, new home buyers, and Green Home certified properties.

Cons

Phone quotes are available only during limited hours.
No discounts for customer loyalty, new roofs, or autopay.

AM Best Rating: A+
Quote Access: Online Estimate
Multi-Policy Discount Available: ✔

USAA's standard home insurance policies cover your dwelling, additional structures, loss of use, liability, and personal property. Coverage limits are adjustable, allowing for expanded protection of valuable items like artwork. Identity theft protection, as well as earthquake and flood insurance (usually as a separate policy), are also available. USAA provides several ways to reduce annual premiums, including discounts for bundling multiple policies, maintaining a claim-free record, and installing protective devices such as security systems or smoke detectors.

Amica »

4.6

Insurance Rating

Monthly Cost: N/A*

Pros

Base policy includes guaranteed replacement cost coverage.
Offers various optional coverages such as identity recovery, service line protection, and water backup and sump overflow.

Cons

Homeowners insurance quotes are not available online.
Policies must be purchased through an Amica representative.

AM Best Rating: A+
Quote Access: Agent only
Multi-Policy Discount Available: ✔

Amica Insurance offers a range of coverage options in North Carolina, including home, auto, renters, and other types of insurance. Their homeowners insurance includes guaranteed replacement cost coverage and 24/7 customer support. Additionally, policyholders can personalize their coverage with options such as water backup and sump overflow protection, service line coverage, and flood insurance.

Allstate »

4.6

Insurance Rating

Monthly Cost: N/A*

Pros

Standard policies include water backup and replacement cost coverage.
Allstate offers its own flood insurance program, so purchasing through the National Flood Insurance Program is not required.

Cons

Online homeowners insurance quotes are not available.
Homeowners insurance must be purchased through an independent agent.

AM Best Rating: A+
Quote Access: Online Estimate
Multi-Policy Discount Available: ✔

Allstate holds an A++ (Superior) financial strength rating from AM Best and ranks No. 7 in our list of the best homeowners insurance companies in North Carolina. Allstate offers a range of insurance products, including homeowners, auto, flood, and earthquake coverage. Homeowners can select the Allstate Masterpiece Homeowners plan, which features extended replacement cost coverage, a cash settlement option, and risk consulting to ensure comprehensive protection. Allstate also provides private flood insurance coverage, bypassing the National Flood Insurance Program (NFIP).

Average Cost of Home Insurance in North Carolina

Based on our analysis, homeowners insurance in North Carolina typically ranges from $1,300 to $5,000 annually for companies in our rating. This estimate is based on quotes from top providers for $300,000 in dwelling coverage (with the median home value in North Carolina being approximately $320,000) and $100,000 in liability coverage.

If you require additional coverage, premiums will increase. For instance, our study indicates that $500,000 in dwelling coverage could cost between $1,800 and $8,000 per year.

Coverage limits are just one factor affecting insurance costs. Other factors include:

Home Age: Older homes may have higher premiums compared to newer constructions.
Home Construction: Wood-framed homes generally cost more to insure than those made of brick or stone.
Credit History: Poor credit may lead to higher insurance costs.
Claims History: Recent claims within the past three to five years can increase your insurance premiums.
Previous Loss History: If you recently purchased a home and the previous owner had recent claims, it might also raise your insurance costs.

Average Yearly Premium With $100,000 in Liability Coverage

Company	$200,000 Dwelling	$300,000 Dwelling	$400,000 Dwelling	$500,000 Dwelling
Central Insurance Quote	N/A*	N/A*	N/A*	N/A*
Insurance North Carolina	$1,020	$1,294	$1,526	$1,777
Insurance Raleigh	$1,958	$2,958	$3,656	$4,356
Insurance Charlotte	$1,871	$2,769	$3,422	$4,125
USAA	$1,354	$2,002	$2,544	$3,085
Amica	$3,423	$5,059	$6,576	$7,994
Allstate	N/A*	N/A*	N/A*	N/A*

* Carrier has low market share. ** Unable to display rates.

Average Yearly Premium With $300,000 in Liability Coverage

Company	$200,000 Dwelling	$300,000 Dwelling	$400,000 Dwelling	$500,000 Dwelling
Central Insurance Quote	N/A*	N/A*	N/A*	N/A*
Insurance North Carolina	$1,028	$1,302	$1,534	$1,785
Insurance Raleigh	$1,966	$2,966	$3,664	$4,364
Insurance Charlotte	$1,879	$2,777	$3,430	$4,133
USAA	$3,431	$5,067	$6,584	$8,002
Amica	$1,362	$2,010	$2,552	$3,093
Allstate	N/A*	N/A*	N/A*	N/A*

* Carrier has low market share. ** Unable to display rates.

North Carolina Homeowners Insurance Cost by City

City	Average Annual Premium	Average Monthly Premium
Raleigh	$2,508.79	$209.07
Charlotte	$1,860.93	$155.08

* Average premiums based on dwelling coverage for average home value of state ($400,000) and $100,000 in liability coverage.

** Average premiums based on dwelling coverage for average home value of state ($300,000) and $100,000 in liability coverage.

Cheapest Home Insurance North Carolina

Company	360 Reviews Score	Average Annual Premium	Average Monthly Premium
Insurance North Carolina	4.0	$1,294.07	$107.84
USAA	3.6	$2,002.07	$166.84
Insurance Charlotte	3.9	$2,768.59	$230.72
Insurance Raleigh	3.9	$2,958.39	$246.53
Amica	3.8	$5,058.55	$421.55
Central Insurance Quote	4.1	N/A*	N/A*
Allstate	3.6	N/A*	N/A*

* Data not available

How to save money on homeowners insurance in North Carolina

Homeowners insurance is a recurring expense, but there are several strategies to save money or lower your annual rates:

Comparison Shopping: Obtain multiple quotes and compare them before selecting a policy or provider.
Inquiring About Discounts and Incentives: Many insurers offer various discounts. Check the table below for common discount opportunities available with insurers on our list.
Adjusting Coverage Limits and Deductibles: Opting for lower limits and higher deductibles can reduce your premiums, though it may increase your out-of-pocket costs in the event of a claim.

For more details on homeowners insurance costs and budget-friendly policies, visit our guide on the Cheapest Homeowners Insurance Companies and how to Bundle Home and Auto Insurance.

Comparing Common Discounts Across Top Companies

Company	Multi-Product Discounts	Loyalty Discounts	Protective Devices Discounts	Claim-Free Discounts	New Home Credit	Military Discounts
Central Insurance Quote	✔	✔	✔	✔	✔	—
Insurance North Carolina	✔	✔	✔	✔	✔	—
Insurance Raleigh	✔	✔	—	✔	✔	—
Insurance Charlotte	✔	✔	✔	✔	—	—
USAA	✔	✔	—	✔	—	—
Amica	—	—	✔	—	✔	—
Allstate	✔	—	✔	✔	—	✔

Are There Special Homeowners Insurance Requirements in North Carolina?

While homeowners insurance is not legally mandated in North Carolina, mortgage lenders often require it if you finance your home. Given the frequency of natural disasters in the state, securing homeowners insurance is a wise choice to protect your investment.

How to Select the Right Home Insurance Companies in North Carolina

Choosing the right homeowners insurance provider can help you be prepared for unforeseen events. Here are some key factors to consider when selecting a policy:

Coverage Options: Start by assessing your personal needs and the specifics of your home to determine the type and extent of coverage required.
Policy Costs: Collect and compare quotes from multiple insurers to find a policy that meets your coverage needs, preferences, and budget. Pay attention to not just the premiums, but also the deductibles and coverage limits.
Company Reputation: Evaluate insurers by reviewing professional and consumer feedback, as well as their financial ratings from agencies like AM Best.

For additional guidance on finding the right insurance company and policy, refer to our How to Buy Homeowners Insurance Guide.

Comparing Common Features Across Top Companies

Company	Other Structures Coverage	Identity Theft Protection	Valuable Possessions	Water Backup	Dwelling/Personal Property Replacement
Central Insurance Quote	Yes	Yes	Optional	Optional	Yes
Insurance North Carolina	Yes	Optional	Optional	Optional	Optional
Insurance Raleigh	Yes	Optional	Optional	Optional	Optional
Insurance Charlotte	Yes	Optional	Optional	Optional	Yes
USAA	Yes	Optional	Optional	No	Yes
Amica	Yes	Optional	Optional	Optional	Optional
Allstate	Yes	Yes	Optional	Optional	Optional

Frequent Reasons for Homeowners Insurance Claims in North Carolina

Climate change has led to an increase in billion-dollar weather events in North Carolina. Common claims homeowners file include:

Storms and Wind: Due to its coastal plains, North Carolina is highly vulnerable to hurricane damage. Insurance claims are also frequent for severe thunderstorms and hailstorms.
Wildfires: North Carolina ranked third in the nation for wildfires in 2022, with 6,222 reported incidents, though this number decreased slightly to 5,101 in 2023. Careless debris burning is the leading cause of these wildfires.
Flooding: The state’s exposure to severe tropical storms makes it prone to flooding. Even properties located inland can experience significant flood damage.

Homeowners Insurance North Carolina: FAQ

Homeowners insurance in North Carolina typically covers:

Dwelling: The physical structure of your home.
Other Structures: Additional structures like fences and detached garages.
Personal Property: Items inside your home, including appliances and electronics.
Loss of Use: Living expenses if you are displaced.
Personal Liability: Legal costs if someone is injured on your property.
Medical Expenses: Medical bills for non-residents injured on your property.

Note: Standard policies often exclude coverage for earthquakes, flooding, and surface water runoff, requiring additional specialty insurance.

Homeowners insurance is not mandatory in North Carolina. However, lenders typically require it as part of the mortgage agreement if you are financing your home.

North Carolina does not have specific requirements for specialty homeowners insurance. However, lenders may require additional coverage for high-risk areas. Even if not mandatory, consider extra protection for valuable items or high-risk areas.

Flood insurance is not required by state law, but lenders may require it for properties in flood-prone areas. Standard homeowners insurance typically does not cover flood damage. Consider obtaining flood insurance through your provider or private options for added protection.

Company	Flood Coverage
Central Insurance Quote	Yes*
Insurance North Carolina	Yes*
Insurance Raleigh	No
Insurance Charlotte	No
USAA	Yes*
Amica	Yes*
Allstate	Yes*

Earthquake insurance is not covered by standard homeowners policies but can be purchased separately. North Carolina experiences some seismic activity, particularly in the western region, making it advisable to consider this coverage.

Company	Earthquake Coverage
Central Insurance Quote	Yes
Insurance North Carolina	Yes
Insurance Raleigh	No
Insurance Charlotte	Yes
USAA	Yes
Amica	Yes
Allstate	Yes

Wind insurance is not required, but most home insurance policies include coverage for wind-related damage. Lenders generally require standard homeowners insurance, which often includes protection against wind and hail.

Homeowners insurance is a type of property insurance specifically for residential homes, offering comprehensive coverage including liability and living expenses if the home is uninhabitable. Property insurance is a broader term that includes various types of coverage for different kinds of property, including commercial and renters insurance.

To find the best house insurance:

Assess Your Needs: Based on home value, location, and risks.
Compare Quotes: From multiple providers for coverage and rates.
Check Reviews and Ratings: Customer feedback on service and claims.
Evaluate Coverage Options: Ensure essential aspects are covered.
Consult an Insurance Agent: For expert advice and application help.

By evaluating these factors, you can find a policy that balances coverage and affordability.

Homeowners Insurance

Best Homeowners Insurance in North Carolina 2024

Cheap Home Insurance Quotes in North Carolina by ZIP

Compare the Best Homeowners Insurance Companies in North Carolina