Best Homeowners Insurance in North Carolina

In 2018, over 98% of all North Carolina homeowners insurance claims were for property damage. If you don’t have homeowners insurance in North Carolina, you’re taking a serious risk. Homeowners insurance in North Carolina is less expensive than the national average, but you still need to make sure that you have all of the coverage you need based on the kind of home you have and where it is located in the state. Properties along the coast are frequently at risk from tropical storms and hurricanes, so it’s important to consider flood insurance with your regular coverage.

Find the Best Home Insurance in North Carolina

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    In this article

      To find the best homeowners insurance, we regularly monitor and analyze expert rankings and commentary from leading organizations like J.D. Power, AM Best, Standard & Poor and the National Association of Insurance Commissioners (NAIC), in addition to our SimpleScore methodology for the most current and accurate information available today.

      The 6 best home insurance companies in North Carolina 

      Cheap homeowners insurance North Carolina

      Best customization – State Farm

      State Farm’s your pick when you want a full menu of coverage and even better service.

      J.D. Power Rating
      3/5
      AM Best Rating
      A++
      Standard & Poor’s
      AA
      SimpleScore
      4 / 5.0
      close
      SimpleScore State Farm 4
      Discounts 2
      Coverage Options 5
      Customer Satisfaction 3
      Support 5
      Accessibility 5

      State Farm provides a wealth of coverage options so homeowners can find the right fit at the right price. State Farm offers some of the most comprehensive coverages in the Tar Heel State. They’re one of the few providers to offer coverage from water damage resulting from plumbing as part of their standard homeowner’s policy, where this coverage is optional with other providers. What’s more, with local offices all across the state and a high rating in J.D. Power’s customer satisfaction survey, you’ll receive the coverage you need with the service you deserve.

      Best unique coverage – North Carolina Farm Bureau

      NCFB tells no lies when it says helping you is what it does best.

      J.D. Power Rating
      N/A
      AM Best Rating
      A
      Standard & Poor’s
      N/A
      SimpleScore
      3 / 5.0
      close
      SimpleScore North Carolina Farm Bureau 3
      Disconts 2
      Coverage Options 2
      Customer Satisfaction N/A
      Support 4
      Accessibility 4

      When you want personalized support, North Carolina Farm Bureau is your pick. North Carolina Farm Bureau is a part of the Farm Bureau family, a private, non-profit organization founded to protect and provide for America’s farms. There’s an enormous network of agents throughout the state, and you can bundle your home and farm insurance with auto, health and life insurance for the most well-rounded coverage.

      Cheapest provider – Nationwide

      If you like a good discount, Nationwide is definitely on your side with savings.

      J.D. Power Rating
      3/5
      AM Best Rating
      A+
      Standard & Poor’s
      AA+
      SimpleScore
      4.2 / 5.0
      close
      SimpleScore Nationwide 4.2
      Discounts 3
      Coverage Options 5
      Customer Satisfaction 3
      Support 5
      Accessibility 5

      North Carolina homeowners can save more money with Nationwide. Nationwide provides great value with coverage on your dwelling, your personal property, and other buildings on your property. In addition, you could receive substantial discounts to drive down costs, saving as much as 30% if you buy or have a newer home. And with local offices and Nationwide’s easy to use mobile app, filing claims or managing your policy is super easy.

      Best for military families – USAA

      USAA is the industry standard with exceptional customer satisfaction and among the best available prices.

      J.D. Power Rating
      5/5
      AM Best Rating
      A++
      Standard & Poor’s
      AA+
      SimpleScore
      4.6 / 5.0
      close
      SimpleScore USAA 4.6
      Discounts 3
      Coverage Options 5
      Customer Satisfaction 5
      Support 5
      Accessibility 5

      USAA offers military families an excellent assortment of choices with unmatched prices and customer service. If you’re searching for the best provider and you’re in the military or have family members in, then USAA is the right choice for you. Along with the standard coverage options, they also include identity theft into their home owner’s policy, a benefit that will save you money compared to buying separate policies with another provider. You can also add an umbrella coverage or personal liability to give you total protection.

      Best for total coverage – Erie Insurance

      Erie Insurance offers personal liability protection that goes with you anywhere in the world. 

      J.D. Power Rating
      3/5
      AM Best Rating
      A+
      Standard & Poor’s
      AA
      SimpleScore
      3 / 5.0
      close
      SimpleScore Erie Insurance 3
      Discounts 2
      Coverage Options 4
      Customer Satisfaction 3
      Support 3
      Accessibility 3

      Erie Insurance ensures you have the right coverage so you don’t have as many out of pocket expenses. Erie Insurance’s biggest benefit is guaranteed replacement costs where they cover all the value, not just a fraction like other homeowner insurance providers. In addition, Erie is one of the best providers for customer satisfaction, placing them atop with USAA, according to J.D. Power. Flexible protection, coupled with discounts where you can save up to 25% by bundling, make Erie an enticing option to consider.

      Best for rewards – Allstate

      Save your money for something else, because you will receive $100 every year that you go without a claim, up to $500.

      J.D. Power Rating
      3/5
      AM Best Rating
      A+
      Standard & Poor’s
      AA-
      SimpleScore
      4.4 / 5.0
      close
      SimpleScore Allstate 4.4
      Discounts 4
      Coverage Options 5
      Customer Satisfaction 3
      Support 5
      Accessibility 5

      The biggest perk to Allstate is its rewards program, giving you 5% back for every year without a claim. Allstate’s innovative tools make filing a claim super simple, and its homeowners policies give you comprehensive coverage when you need it the most. There is a good selection of optional coverages to provide homeowners with total peace of mind, and tools like Goodhome help you learn more about your neighborhood so you can choose the best plan for you.

      Find the Best Home Insurance in North Carolina

      Save money on home insurance with our simple comparison tool.

      Matching you with providers.
      We found results in
      Click at least 2-3 companies to find the very best rate.

        America’s top-rated home insurance

        • Policies starting at just $25/month
        • Sign up in seconds, claims paid in minutes
        • Zero hassle, zero paperwork

        How much does home insurance cost in North Carolina?

        When you first buy a home, it’s important that you secure that investment with home insurance. The cost of home insurance is a valid concern as many new homeowners don’t usually have a ton of money to spare.

         According to research by the Insurance Information Institute (III), the average premium cost of homeowners insurance in North Carolina in 2016 was $1,098. Data from the National Association of Insurance Commissioners (NAIC) shows that North Carolina is slightly more than the national average cost of insurance, with the Tarheel State paying an average six-month premium of $582 and a total annual cost of $1,086.

        Your premium may differ from these rates, however. Each policy is calculated based on a specific set of factors, such as the size of your home, when it was built and the materials used in construction. Another major factor is where you live, because rural North Carolina properties do not face the same risks and threats that coastal homes face. 

        The cheapest home insurance in North Carolina

        There are many insurance providers that will provide homeowners insurance coverage to North Carolina homeowners. You will quickly find that the pricing can vary significantly from one company to the next. This is why it is crucial to shop your options before you decide on a provider.

        For North Carolina properties, Travelers offers the cheapest home insurance at $782 per month with North Carolina Farm Bureau in close pursuit. Nationwide, Erie Insurance and State Farm are all other affordable picks in the state.

        RankCompany name Avg. annual premium 
        1.Travelers$782
        2.North Carolina Farm Bureau$796
        3.Nationwide$911
        4.Erie$962
        5.State Farm$1034
        6.MetLife$1092

        The cheapest home insurance in North Carolina, by city 

        Where you live in North Carolina has a huge impact on how much you pay in homeowners insurance. Areas like Asheville, Hickory and Statesville are among the cheapest for home insurance. Mooreseville, Shelby and Concord round off the list as North Carolina’s most affordable cities for 2020.

        CityAvg. annual premium 
        Asheville$657
        Hickory$675
        Statesville$708
        Mooresville$712
        Shelby$715
        Concord$718

        Choosing your provider

        Our top picks for North Carolina home insurance include both local and national carriers. Before you decide on a home insurance policy, you should consider the benefits of a local insurance carrier versus a national insurance carrier.

        Local carrier

        Pros 

        • Familiar with local architecture
        • Familiar with local weather
        • More personal support

        Cons 

        • Less flexibility
        • May not be as stable

        National carrier

        Pros

        • Dependability
        • Better opportunities for bundling
        • Greater discounts

        Cons 

        • Less localized knowledge

        National carriers may not be as well-versed in the details of your area and the particular hazards that your property may face.

        • Less personal support

        There is less likelihood of in-person agents; most national providers place their focus on digital resources, like online and mobile app quotes and claims.

        Things to know about home insurance in North Carolina

        When you are looking for home insurance in North Carolina, you should consider what special types of coverage you may need for your home.

        This includes coverage like:

        • Hail and wind damage.
        • Hurricane and tropical storm coverage.
        • Theft and burglary.

        Wind and flooding is a popular type of coverage for North Carolina homeowners, but there are a few different types of wind and flooding damage. Insurance providers are very specific about the kind of damage that your home sustains and whether it is impacted by an actual tropical storm or hurricane. Standard wind and flooding coverage does not usually include major weather events, and if a storm is officially labeled a tropical storm or hurricane, you could be liable for any damages that are specifically covered under your policy.

        Accidental injury is another kind of coverage that you should consider for your home. This will protect you in case someone is injured on your property by paying for the associated medical and legal fees. 

        Additional home insurance coverage in North Carolina

        Situated along the Eastern seaboard, there are plenty of North Carolina homeowners  that have found home along the coast of the Atlantic Ocean. As beautiful as it is, there is also the threat of hurricanes every year. However, any damages associated with a hurricane are not covered under the standard home insurance policy. Your insurance provider can help you add on key coverage like flood insurance in case there is a storm surge, a legitimate risk for many North Carolina homes. Hazard insurance and wind coverage can also protect your home from severe storms, in addition to hail. Most flood insurance is available as an add-on policy from the National Flood Insurance Program. 

        It is crucial that you speak with your insurance provider to ensure that you have the right coverage you need in case hurricane season comes to your zip code this year. 

        North Carolina home insurance FAQs

        The North Carolina Department of Insurance shows that homeowners insurance is not required in the state. However, many lenders will stipulate in your mortgage that you must carry minimum homeowners insurance coverage. This is not only to secure the loan but also to protect the property from any future hazards that could bring damage.

        The average cost of homeowners insurance in North Carolina is $1,086, according to the Insurance Information Institute (III). This is less than the national average of $1,211. However, the cost of your insurance may vary, depending on the kind of home you have, where you live and your payment history.

        Standard homeowners insurance coverage in North Carolina typically includes basic dwelling coverage with protection for your home’s contents, like your furniture and clothes. Personal liability coverage is also usually included to protect you in case a guest is injured while on your property.  Talk to your insurance agent to see what kinds of additional coverage you may need for your home.

        Methodology

        SimpleScore

        The SimpleScore is a proprietary scoring metric we use to objectively compare products and services at The Simple Dollar.
        For every review, our editorial team:

        • Identifies five measurable aspects to compare across each brand
        • Determines the rating criteria for each aspect score
        • Averages the five aspect scores to produce a single SimpleScore

        Here’s a breakdown of the five aspect scores and their rating criteria for our reviews on home insurance.

        Why do some brands have different SimpleScores on different pages?

        To ensure the SimpleScore is as helpful and accurate as possible, we developed unique criteria for every category we compare at The Simple Dollar. Since most brands offer a variety of financial solutions, their products and services will score differently depending on what we’re scoring on a given page.

        However, it’s also possible for the same product from the same brand to have multiple SimpleScores. For instance, if we compare State Farm’s home insurance according to our criteria for the best home insurance, it scores a 3.8 out of 5. But when we compare State Farm according to the criteria for the best auto insurance, it scores higher, since the features the company offers can vary by the type of insurance.

        Discounts

        We looked at the number of discounts each company offers – more discounts mean a higher score.

        Coverage Options

        We awarded higher scores to the companies that offer more coverage options.

        Support

        We awarded higher scores to companies with the most channels for customer support.

        Customer Satisfaction

        We leveraged the J.D. Power 2019 Home Insurance Satisfaction Study℠ to see how customers rated their experience with each company. (If a company wasn’t included in J.D. Power’s study, we skipped this aspect and averaged the four remaining aspect scores.)

        Accessibility

        We looked at the level of accessibility of each company – the more resources they have the higher their score

        Lena Borrelli

        Contributing Writer

        Lena Borrelli is a Tampa-based freelance writer who has worked with leading industry titans, such as Morgan Stanley, Wells Fargo, and Simon Corporation. Her work has most recently been published on sites like TIME, ADT, Fiscal Tiger, Bankrate and Home Advisor, as well as many other websites and blogs around the world.

        Reviewed by

        • Nashalie Addarich
          Nashalie Addarich
          Editor

          Nashalie Addarich is an editor for The Simple Dollar. She recently made a career switch from the legal field, where she was an attorney in Washington, DC. In her free time, she enjoys learning new languages. You can also find her editorial work on Reviews.com.