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North Carolina Farm Bureau is the cheapest North Carolina home insurance company, among carriers surveyed. Its average rate for North Carolina homeowners is $1,337 a year, or $111 a month. That’s $672 less than the state average of $2,009, and about $296 less than the national average ($2,305).

KEY TAKEAWAYS
  • North Carolina Farm Bureau is the cheapest home insurance company in North Carolina with an average rate of $111 a month.
  • Homeowners in North Carolina can save up to 20% if they bundle home and auto insurance coverage from the same company.
  • According to the Federal Emergency Management Agency, the average flood insurance policy costs about $700 in North Carolina.
  • North Carolina is one of 19 states which include hurricane deductibles.

5 best homeowners insurance companies in North Carolina

  • North Carolina Farmers Bureau: Best for price
  • American Family: Best for customer service
  • Safeco: Best for claims
  • Allstate: Best for discounts
  • Nationwide: Best for auto/home bundle rates

Best for price: North Carolina Farm Bureau

North Carolina Farmers Bureau (NCFB) was the cheapest homeowners insurance company among those surveyed, with an average rate of $1,337 for $300,000 dwelling and liability coverage. The NCFB is part of the Farm Bureau network, a private, non-profit organization that caters to those with farming and agricultural needs. Its state subsidiaries are known for having agents who are local residents with roots in the community. You do have to pay a yearly $25 membership fees, but that gives you access to all of its membership perks and insurance products.

In addition to standard coverage and discounts, it offers:

  • You can also buy coverage for farmland and farming equipment and crops.
  • The NCFB also sells commercial insurance, auto, life and health insurance, so you can have a streamlined portfolio with one company.
  • Windstorm and hail coverage is also available
  • Limited coverage for food spoilage may be available under homeowners and farm owners policies that have the “Refrigerated Property Coverage endorsement.” This endorsement carries a separate deductible.
  • Membership discounts on lodging, car purchases, car rentals, farming equipment.

Best for customer service: American Family

American Family excels in treating its customers right, and as a result has a super low complaint ratio filed with state regulators. It also received a four-star rating for customer service in the 2021 Best Homeowners Insurance Companies ranking. Ninety-four percent said they’d renew their coverage with American Family. However, it is only available in 19 states. In addition to standard coverage and discounts, American Family offers:

  • Coverage for matching siding, which will pay to replace undamaged siding so that it matches the siding of the damaged area.
  • You can also add coverage for family members living in nursing homes or assisted living homes. The relative’s personal possessions are covered under your policy. Under this benefit, your relative is also covered if he or she causes accidental injuries to others or damages to others’ property. (Injuries to personnel of the nursing home or assisted living facility are not covered by this additional coverage.)
  • American Family now offers a diminishing deductible you can buy that reduces our deductible over time. Your deductible will be cut by $100 yearly at renewal, up to your policy’s maximum limit.

Discounts beyond the typical kind include:

  • Those for smart homes if you have a smart-home security system equipped with sensors that detect smoke, fire and water, you can snag a discount.
  • Generational discount, American Family also has a generational discount – if you’re between the ages of 18 to 30 and your parents have an active home or auto policy with American Family, you could save more with on your home policy.

Best for claims: Safeco

Safeco 4.5 out of five stars for claims handling in the Best Home Insurance Companies 2021 rankings for the Midwest. Its average North Carolina home insurance rate is low ($1,359), compared to most major carriers surveyed. In addition to standard coverage and discounts, it offers:

  • Equipment breakdown coverage, for $2 a month, repairs or replaces household appliances after mechanical or electrical breakdowns—which are often not covered under a standard homeowners policy.
  • The Safeco Package includes a single-loss deductible. That means if you have a car insurance policy and it’s damaged in the same event as your home, your auto deductible will be waived.
  • Extended dwelling coverage helps in the event of a catastrophe when there’s soaring demand for building materials and labor that could cause reconstruction costs to increase, leaving policy limits inadequate. That’s where extended dwelling coverage kicks in.
  • Identity theft recovery.
  • The Guaranteed Repair Network program connects you with prequalified experts to create estimates and perform repairs quickly, seamlessly, and with a guaranteed material and labor warranty backed by Safeco.
  • Home warranty coverage in partnership with American Home shield. For a monthly charge, it pays the cost of repairing or replacing your covered items. You can get broad coverage for appliances and components of electrical and plumbing systems or can designate just a few specific items.

Best for discounts: Allstate

Although Allstate’s average home insurance rate for North Carolina ($2,726) is higher than other major carriers, Allstate offers a host of discounts to make coverage more affordable. While many of its discounts are standard among most major carriers, it offers a wide range of options with reasonable price breaks. It received four stars (out of five) for customer service and for claims among Southern homeowners.

In addition to standard coverages, Allstate offers:

  • Water back up coverage if your home is damaged by sump pump or drain back ups.
  • Identity theft coverage.
  • Special coverage for musical instruments and sports equipment.
  • Green improvement reimbursement covers the additional cost of replacing damaged or destroyed covered items with more energy-efficient items.
  • Extra yard and garden coverage increases the limits for the cost of items like trees, landscaping and riding lawn mowers.
  • Electronic data recovery covers the cost of recovering lost personal computer data, like photos or videos.
  • HostAdvantage, which covers your belonging when renting out your home.

Discounts include:

  • Claim-free discount saves up to 20% when you switch to Allstate without a recent home insurance claim.
  • Savings for having a good payment history like paying on time and payment type (in-full, escrow, etc.)
  • Multi-policy discount saves up to 25% when you bundle home and auto policies with Allstate.
  • Welcome & loyalty discount saves up to 10% on your home insurance premium when you switch to Allstate, and as long as you're a customer, you'll continue to save 10% every year after that.
  • Home buyer discount gives a price break if you bought a newly constructed home, or if you're a recent homebuyer.
  • Save up to 5% when you set up automatic payments.
  • Theft and fire protection discounts.
  • Save up to 10% on your home insurance premium when you sign up for a new policy at least seven days before your current one expires.

Best for home/auto bundle rates: Nationwide

Nationwide’s average bundle rate saved North Carolina customers up to $960 on their coverage, more than other major carriers surveyed in a rate analysis. Its average North Carolina home insurance rate is $2,541, among the less affordable carriers of those surveyed, but in addition to a super generous bundle savings, offers robust coverage options and discounts.

In addition to standard coverages, it offers:

  • When filing a roof claim, the Better Roof Replacement add-on will replace your roof with a higher quality one than you had before.
  • If you need to rebuild your home, Nationwide’s “replacement cost plus” coverage pays up to an additional 20% more than your policy limit if it costs more to rebuild your house.
  • It also sells earthquake and flood insurance.

Cheapest homeowners insurance companies in North Carolina

North Carolina Farm Bureau, Safeco, Liberty Mutual, Standard Fire and The Automobile Insurance Company are the cheapest homeowners insurance companies in Ohio, based on a rate analysis by Insurance.com. These rates were fielded from major companies for nearly every ZIP code in the state and averaged by company and coverage level.

It's crucial to shop around for the best home insurance rate, because prices for the same coverage vary by hundreds of dollars. That means, if you don’t compare rates, you may wind up overpaying.

Each carrier uses its own method for deciding what you pay, which is why prices differ so much. Insurance.com Senior Consumer Analyst Penny Gusner suggests getting at least three price quotes when shopping for coverage, and says that doing so can save you up to hundreds of dollars annually.

Below are average home insurance rates, ranked by company for a policy with $300,000 in dwelling and liability coverage with a $1,000 deductible.

CompanyAverage rateMonthly rate
North Carolina Farm Bureau$1,337 $111
Safeco $1,359 $113
Liberty Mutual$1,417 $118
Standard Fire$1,567 $131
Automobile Insurance Company$1,637 $136
Phoenix $1,637 $136
Allstate $1,808 $151
Garrison $2,006 $167
USAA $2,178 $182
Nationwide $2,541 $189
Allstate $2,726 $205

North Carolina homeowners insurance rates by ZIP code

The most expensive ZIP codes for home insurance in North Carolina are Atlantic Beach (28512), Emerald Isle (28594), both with average rates of $4,654. The least expensive ZIP codes are Candler (28715), Asheville (28806), Fletcher (28732) and Ridgecrest (28770), all with an average rate of $1,432.

Many factors affect home insurance rates. Chief among them is where you live, which is why rates vary a great deal depending on your ZIP code. In addition to location, what you pay is also influenced by the following:

  • Your home's square footage
  • Building costs in your area, and your own home's construction, materials and features
  • Local crime rates
  • The likelihood of certain types of disasters, such as hurricanes

North Carolina homeowners insurance calculator

By entering your ZIP code in the search box, you’ll see the average home insurance rate for that area, as well as the highest and lowest premium fielded from major insurers. This will give you an idea of how much you can save by comparing home insurance rates. The difference between the highest the highest rate and the lowest rate is how much you can save by shopping your policy.

HOME INSURANCE CALCULATOR

Average home insurance rates in CALIFORNIA

$200,000
$1,000
$100,000
94404 - Foster City
Dwelling $200,000, Deductible $1,000 and Liability $100,000.

AVERAGE RATE: $669

HIGHEST RATE: $1,029 LOWEST RATE: $443

Most & least expensive zip codes for homeowners insurance in California

Most Expensive

Zip CodeCityHighest Rate
92561Mountain Center$1,031
90210Beverly Hills$1,029
90069Los Angeles$1,020
90046Los Angeles$1,011

Least Expensive

Zip CodeCityLowest Rate
93445Oceano$606
93117Goleta$607
93111Goleta$610
93433Grover Beach$615

Homeowners insurance rates in North Carolina by coverage level

Below we show the average cost of North Carolina homeowners insurance for 10 coverage levels, all with a $1,000 deductible, based on a rate analysis by Insurance.com. As you can see, the difference in price between low liability limits and the recommended higher amount is negligible, less than $20.

Average homeowners insurance rates in North Carolina by coverage level:

Coverage levels (Dwelling / Liability)Average annual rateMonthly rate
$200,000 with $100,000$1,365$114
$200,000 with $300,000$1,373$114
$300,000 with $100,000$2,001$167
$300,000 with $300,000$2,009$167
$400,000 with $100,000$2,359$197
$400,000 with $300,000$2,367$197
$500,000 with $100,000$2,647$221
$500,000 with $300,000$2,655$221
$600,000 with $100,000$2,906$242
$600,000 with  $300,000$2,914$243

Homeowners insurance rates in North Carolina by city

Though you can see how much coverage costs for your neighborhood by using our average rates tool above, you may want to know the cost of a policy in your city, and how it compares to others. Below we provide rates for Cincinnati homeowners insurance, as well as Columbus and eight other large cities in Ohio.

CityAverage rate$ Difference from state average of $2,009
Winston-Salem$1,555 $454 less 
Chapel Hill$1,634 $375 less 
Greensboro$1,636 $373 less 
High Point$1,660 $349 less 
Charlotte$1,716 $293 less 
Durham$1,726 $283 less 
Cary$1,733 $276 less 
Raleigh$1,738 $271 less 
Fayetteville$2,371 $362 more
Wilmington$3,748 $1,739 more

Homeowners insurance rates in North Carolina by company

Below are average yearly and monthly home insurance rates, ranked by company for a policy with $300,000 in dwelling and liability coverage with a $1,000 deductible. You’ll see Cincinnati Insurance is the cheapest, among carriers surveyed.

CompanyAverage rateMonthly rate
North Carolina Farm Bureau$1,337 $111
Safeco $1,359 $113
Liberty Mutual$1,417 $118
Standard Fire$1,567 $131
Automobile Insurance Company$1,637 $136
Phoenix $1,637 $136
Allstate $1,808 $151
Garrison $2,006 $167
USAA $2,178 $182
Nationwide $2,541 $189
Allstate $2,726 $205
State Farm $2,897 $212

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 Insurance.com’s discount 2021 data analysis, but in North Carolina it’s more, 20%.

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 dead-bolt locks -- 5% each
  • Installing a sprinkler system, and a fire and burglar alarm -- 15% to 20% percent
  • Loyalty discounts – about 4% on average, after three to five years, and  6% for six years or more

Home-auto discount bundle in North Carolina

North Carolina homeowners who buy coverage for both home and auto from the same company can save an average of $512 a year, or 20%, based on Insurance.com’s rate analysis. However, some companies offer more than that.

Here’s how some major companies compare for home-auto bundles in North Carolina:

CompanyBundle $ savingBundle discount
State Farm$88535%
Nationwide$96032%
Erie$73530%
Metropolitan$43819%
Allstate$43718%
Standard Fire$28116%
Lighthouse$383%
North Carolina Farm Bureau$332%

FAQs by North Carolina homeowners

How do I get flood insurance in North Carolina?

Now, we all know that flooding can happen along the coast during hurricane season, but flooding also happens well inland and outside of flood zones.

The average home insurance policy doesn't handle flood coverage. So, you 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.

The Federal Emergency Management Agency estimates that the average flood insurance policy costs about $700. The specific cost depends on the home's risk, type of coverage, amount and deductible. A flood insurance policy can cost less than $200 depending on the situation.

One piece of good news: there's no shopping involved with flood insurance. The rates for your property will be standard regardless of company.

However, if you want a flood insurance plan, don't wait until the last minute. Flood insurance policies usually take 30 days to take effect. You can't wait until a major storm is headed your way to get flood insurance.

How do hurricane and windstorm deductibles work in North Carolina?

Being a North Carolina homeowner, your home coverage might include a hurricane deductible. North Carolina is one of 19 states with hurricane deductibles. A home insurance company may put a hurricane deductible on your home insurance policy if your home is considered risky in a hurricane.

Hurricane deductibles are usually between 1 percent and 5 percent. You would have to pay the percentage if you file a claim; the insurer would pick up the rest of the claim.

Let's take a look at how this would work: Let's say you have a $400,000 home and a 2 percent hurricane deductible. Your home suffers $20,000 worth of damage in a hurricane. You would have to pay $8,000 and the insurer would pay the remaining $12,000 in that case.

Those deductibles are in place to protect the home insurance company. It's a good idea to talk to the insurer to see if there are steps you could take to avoid the deductible. For instance, installing hurricane shutters or taking a similar step might allow you to avoid a hurricane deductible in your policy.

An insurer may also put a windstorm deductible on a policy depending on risk. Similar to hurricane deductibles, windstorm deductibles are usually between 1 percent and 5 percent depending on risk. Also, just like hurricane deductibles, you would need to pay the windstorm deductible if your home is damaged during a storm; the insurer would pay the rest.

What if no insurer will cover me?

If you find no home insurance company will cover your home, there is another avenue, but it does cost more than regular home insurance coverage. 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 make sure to exhaust other options before contacting the North Carolina Joint Underwriting Association for a FAIR Plan.

How do I file a home insurance claim?

Filing a home insurance claim happens to everyone eventually. If you need to file a claim, make sure to contact the insurer as soon as possible. Don't wait until a storm blows over.

Take photos of the damage and write down what happened. You shouldn't make repairs unless it's to prevent further damage. So if a window breaks in a storm, you can board the damage, but don't replace the window until an insurance adjuster checks it out.

You also shouldn't throw out any damaged items. The adjuster will want to see them. If a rug is waterlogged and smells, you can put it in a shed or garage, but don't throw it out.

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.

You'll want to have the insurance company's name, your policy number, claim number, if applicable, and related documents, such as photos and letters, when you contact the Department of Insurance.