Best and cheapest renters insurance in North Carolina

Best renters insurance companies in North Carolina

When choosing the best renters insurance company in North Carolina, make sure you’re comparing on more than just price. We’ve compared quotes, coverage options and J.D. Power scores from all the major insurers in North Carolina. Below is our list of best renters insurance companies in North Carolina based on that analysis, with our score out of five. Note that USAA only offers coverage to military families.

Company	Average rating(out of 5)
State Farm	4
Allstate	3.5
Erie Insurance	3.5
USAA	3.5
Nationwide	3

Compare the best renters insurance companies in North Carolina

Comparing quotes from multiple insurance carriers is one way to ensure you will get your money’s worth. There can be big differences in price between different renters insurance providers, so it pays to shop around. Ensure you buy from a company offering affordable renters insurance and consistent customer service.

To simplify your task, we have compared the carriers for North Carolina residents based on their average rates and ratings from J.D. Power. Among the carriers surveyed, State Farm is the best renters insurance company in North Carolina. It earned 844 out of 1000 from J.D. Power and has an average renters insurance rate of $273.

The table below offers a detailed comparison of renters insurance companies in North Carolina.

Company	J.D. Power Score	Average Annual Premium	AM Best Ratings
State Farm	844	$273	A++
USAA	894	$168	A++
Allstate	835	$299	A+
Erie Insurance	881	$514	A+
Nationwide	852	$439	A+

How much is renters insurance in North Carolina

North Carolina residents pay an average of $344 a year for renters insurance, and the average monthly cost is $29. That’s for a policy with personal property coverage of $40,000, liability coverage of $100,000, and a deductible of $1,000.

What you pay for renters insurance will not be the same as a neighbor’s price because it depends on factors specific to each person: the property you want to insure, extra coverage options you add, and the deductible amount you choose.

“The number one thing that’s most important is to get good liability. A renter’s policy will default to $100,000 liability,” Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. “It costs next to nothing to go from $100,000 to $500,000. I want to say it’s probably 10 bucks a year. It’s really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that’s, at its core, what insurance is all about: the worst-case scenario.”

Average Annual Premium	Average Monthly Premium
$344	$29

Most expensive ZIP codes in North Carolina for renters insurance

Several factors affect your renters insurance coverage cost in North Carolina, including your location and the coverage you buy. The most expensive ZIP code in North Carolina for renters insurance is 28469, where the average annual rate is $906 which is $562 more than the state average insurance premium.

The following table lists the most expensive ZIP codes in North Carolina for renters insurance.

ZIP code	Average Annual Rate
28469	$906
28443	$900
28594	$898
28480	$895
28445	$888
28460	$785
27960	$725
27981	$721
28589	$615
28539	$609

Least expensive ZIP codes in North Carolina for renters insurance

Renters insurance rates in North Carolina are cheaper in some areas. Based on a rate analysis by Insurance.com, the least expensive ZIP code for renters insurance in North Carolina is 28701, and its average annual rate is $239.

Below, you’ll find the least expensive ZIP codes for renters insurance, along with their average annual rates.

ZIP code	Average Annual Rate
28701	$239
28722	$240
28714	$241
28615	$242
28708	$246
28716	$247
28713	$248
28702	$259
28901	$260
28018	$263

Compare renters insurance rates by city in North Carolina

Renters 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 renters insurance for your specific city in North Carolina.

City	Annual insurance premium
Cary	$273
Charlotte	$283
Concord	$258
Durham	$270
Fayetteville	$430
Greensboro	$273
High Point	$275
Raleigh	$269
Wilmington	$706
Winston-Salem	$273

Cheap renters insurance in North Carolina by company

There are a lot of companies offering renters insurance in North Carolina. Among the carriers surveyed by Insurance.com, North Carolina Farm Bureau is the cheapest renters insurance company in North Carolina; its average annual premium is $129.

Renters insurance prices can vary drastically between companies. That’s why it is important to compare rates and see which company offers the best deal to get coverage at an affordable price.

Below are the best cheap renters insurance companies in North Carolina and their average annual premiums.

Company Name	Average Annual Premium
North Carolina Farm Bureau	$129
USAA	$168
State Farm	$273
Allstate	$299
Auto-Owners	$321
United Insurance Holdings	$332
Nationwide	$439
Erie Insurance	$514
Metropolitan	$530

Methodology

Insurance.com compared renters insurance rates in 2022 provided by Quadrant Data Solutions for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. Content was updated in 2023.