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Condo insurance isn’t required by law in North Carolina, but your mortgage company likely requires it. Condo insurance is a home insurance policy that covers everything inside your condo, while the homeowners association’s insurance covers the outside of your building and common areas.

Depending on your HOA’s rules, your condo insurance may cover not only personal property, but also provides dwelling coverage known as building property coverage, for the interior of the structure. Make sure you know how much condo insurance you need before you buy condo insurance.

To find the best condo insurance in North Carolina, we’ve gathered data on the top companies. Below you’ll find a list of the best condo insurance companies in North Carolina with average annual rates.

Key takeaways

  • The residents of North Carolina pay an average of $843 per year for condo insurance for a coverage level of $60,000 for personal property, $300,000 for liability protection with a $1,000 deductible.
  • Based on the analysis by, USAA is the top pick for the best condo insurance company in North Carolina.
  • North Carolina Farm Bureau offers the cheapest condo insurance in North Carolina at an average of $380 per year.

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’s analysis.

CompanyJ.D. Power ScoreAM Best RatingAverage rating (out of 5)
State Farm829A++
Erie Insurance827A+

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


Average condo insurance rates in NORTH CAROLINA

28356 - Linden
Personal Property Coverage $60,000, Deductible $1,000 and Liability $100,000.



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

Most Expensive

Zip CodeCityHighest Rate
28512Atlantic Beach$1,827
28461Bald Head Island$1,827

Least Expensive

Zip CodeCityLowest Rate
28629Glendale Springs$673

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
Erie Insurance$868

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
High Point
Wake Forest
$519 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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