Best homeowners insurance companies in North Carolina: Erie Insurance

The best home insurance company in North Carolina for 2024 is Erie Insurance. State Farm and Nationwide are among the top home insurance companies in North Carolina based on price, NAIC complaints, and AM Best financial ratings.

The total score is calculated out of five using these factors.

Best home insurance in North Carolina
CompanyAM BestNAIC complaint scoreAverage annual rate
Erie InsuranceA+0.524$3,611
State FarmA++0.833.94$1,170
Data refreshed as of May 2024
Read our full methodology

Cheapest homeowners insurance companies in North Carolina: State Farm

Below are North Carolina home insurance rates by company for five different levels of dwelling coverage, each with $300,000 in liability and a $1,000 deductible. State Farm offers the cheapest home insurance in North Carolina for all the five coverage levels.

Cheapest home insurance rates in North Carolina
State Farm$1,110$1,170$1,515$2,128$3,122
North Carolina Farm Bureau$1,666$2,196$2,731$4,397$6,830
Erie Insurance$2,712$3,611$4,678$7,168$11,567

*USAA only provides coverage to military members, veterans and their families.

Data refreshed as of May 2024
Read our full methodology

How much is home insurance in North Carolina?

The cost of home insurance in North Carolina is $2,941 a year, or $245 a month. That’s based on the following coverage levels:

  • $300,000 dwelling coverage
  • $300,000 liability coverage
  • $1,000 deductible
  • 2% hurricane deductible

Rates will vary depending on your coverage levels, where you live, and your home's specifics.

North Carolina homeowners insurance rates by ZIP code

Many factors affect home insurance rates. Chief among them is where you live, so rates vary greatly depending on your ZIP code.

The most expensive ZIP codes in North Carolina for home insurance 

North Carolina homeowners insurance rates are the most expensive for ZIP code 28445, with an average annual cost of $8,737.

ZIP codeAnnual average rates
Data refreshed as of May 2024
Read our full methodology

The least expensive ZIP codes in North Carolina for home insurance

ZIP codeAverage annual rate
Data refreshed as of May 2024
Read our full methodology

North Carolina home insurance calculator

Enter your ZIP code in the search box to see that area's average home insurance rate and the highest and lowest premiums from major insurers. Comparing home insurance rates will give you an idea of how much you can save.

Home insurance calculator

Average home insurance rates in Texas
$200,000 $300,000 $400,000 $600,000 $1,000,000
$100,000 $300,000
Standard ($1000)
Standard ($1000) Hurricane (2% of insured value)

Most & least expensive ZIP codes for homeowners insurance in Texas

Most expensive

ZIP CodeCityHighest Rate
77586El Lago$9,906

Least expensive

ZIP CodeCityLowest Rate
78559Iglesia Antigua$1,956
78593Santa Rosa$1,999
79915El Paso$2,008
79905El Paso$2,009
Data refreshed as of May 2024
Read our full methodology

Homeowners insurance rates in North Carolina by city

Rates vary by city, and larger cities have multiple ZIP codes, affecting rates in different parts of the city. As an overview, here are the cheapest and most expensive cities for home insurance in North Carolina.

Home insurance rates by city
City Average annual rate
High Point$2,238
Data refreshed as of May 2024
Read our full methodology

Homeowners insurance discounts in North Carolina

There are several ways to reduce your North Carolina home insurance costs. Many insurers will lower your bill if you purchase more than one type of insurance policy from them. This process – known as "bundling" – can cut your costs by 18%, on average, according to’s 2022 data analysis, but in North Carolina, it’s more like 21%.

You can also cut your costs by making your home more disaster-resistant. Installing hurricane glass or accordion shutters might net you a discount.

Other possible home insurance discounts include:

  • Installing smoke detectors, a burglar alarm or deadbolts – 4% to 7%
  • Installing a sprinkler system, fire and burglar alarm – 1%
  • Loyalty discounts – about 7% on average after three to five years and 8% for six years or more commissioned Quadrant Data Services to provide home insurance rates across multiple ZIP codes in North Carolina at several coverage levels based on 2022 averages. The best insurance companies are rated based on J.D. Power's consumer surveys, AM Best ratings, and average rates and discount amounts provided by Quadrant. The content is updated for 2024.

Home insurance FAQs

How do I get flood insurance in North Carolina?

Homeowners insurance doesn’t cover floods. You’ll need to buy a separate flood insurance policy through the National Flood Insurance Program (NFIP) or a home insurance company that works with the NFIP.

How do hurricane and windstorm deductibles work in North Carolina?

North Carolina is one of 19 states with hurricane deductibles. A home insurance company may require a hurricane deductible on your home insurance policy if your home is considered risky in a hurricane.

Rather than a flat amount, windstorm and hurricane deductibles are usually 1-5% of the total repair cost. You will be responsible for that amount.

What should I do if I can’t get a home insurance policy in North Carolina?

The North Carolina Joint Underwriting Association offers the FAIR plan for homeowners who can't get coverage elsewhere.

The FAIR plan covers you just like a regular home insurance policy. You're protected against fire, vandalism and other damages. FAIR plans cost much more than a regular policy, so they are generally the last resort.

How do I file a North Carolina home insurance complaint?

If you're having problems with an insurer, you can file a complaint with the North Carolina Department of Insurance by calling 855-408-1212 or going to the site and filing an online complaint.

When you contact the Department of Insurance, you'll need the insurance company's name, policy number, claim number and related documents, such as photos and letters.

How long does a company have to settle my claim in North Carolina?

No specified time is required to settle a claim in North Carolina, though the insurer must acknowledge receipt of your claim within 30 days.

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