Best condo insurance companies in North Carolina

In North Carolina, you have a lot of options when it comes to finding the best condo insurance company. To make your task easier, our insurance experts have analyzed premiums, coverage offerings, J.D Power score and customer satisfaction ratings of major insurers in North Carolina. Below are the best condo insurance companies in North Carolina based on Insurance.com’s analysis.

CompanyJ.D. Power ScoreAM Best RatingAverage rating (out of 5)
USAA884A++
4.2
State Farm829A++
3.8
Erie Insurance827A+
2.9
Allstate815A+
2.9
Nationwide816A+
2.3

Average cost of condo insurance in North Carolina

The average cost of condo insurance in North Carolina is $843 a year or $70 a month with $1,000 as deductible, $60,000 in personal property coverage, and liability coverage of $300,000. Your average annual premium will vary depending on your location, the coverage limits you select, and the deductible amount among other factors.

To find the most affordable policy for your situation, compare quotes from multiple providers based on the coverage you need.

Average Annual PremiumAverage Monthly Premium
$843$70

Condo insurance calculator

Average condo insurance rates in North Carolina
$40,000
$40,000 $60,000 $80,000 $100,000
$100,000
$100,000 $300,000
$1,000
$1,000
View most and least expensive ZIP codes

Most & least expensive ZIP codes for condo insurance in North Carolina

Most expensive

ZIP CodeCityHighest Rate
28462Holden Beach$2,349
28469Ocean Isle Beach$2,349
28461Bald Head Island$2,349
28428Carolina Beach$2,331

Least expensive

ZIP CodeCityLowest Rate
28626Fleetwood$603
28629Glendale Springs$603
28617Crumpler$603
28615Creston$603
Data refreshed as of Mar 2024
Read our full methodology

Condo insurance rates by company in North Carolina

Rates for condo insurance by company in North Carolina vary. It’s important to shop around and compare quotes to find the best price. 

In the table given below, you’ll see condo insurance rates for major companies in North Carolina. The cheapest company for condo insurance in North Carolina is North Carolina Farm Bureau. State Farm, and Allstate, are the second and third cheapest options.

CompanyAverage Annual Rate
North Carolina Farm Bureau$380
State Farm$519
Allstate$734
Erie Insurance$868
USAA$908
Nationwide$1,146

Compare condo insurance rates by city in North Carolina

Condo insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on condo insurance for your specific city in North Carolina.

CityAnnual insurance premium
Cary
$860
Charlotte
$749
Concord
$683
Durham
$816
Fayetteville
$832
Greensboro
$691
Greenville
$889
Hickory
$594
High Point
$693
Mooresville
$718
Raleigh
$849
Wake Forest
$791
Wilmington
$1,736
Winston-Salem
$674

Insurance.com compared condo insurance rates provided by Quadrant Data Solutions in 2022 for $60,000 of personal property coverage with a $1,000 deductible and $300,000 of liability coverage for all available ZIP codes and with a good credit score. The content was updated in 2023.

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