Renters insurance in North Carolina: Cost, best companies and how to save

What is the average cost of renters insurance in North Carolina?

The average renters insurance cost in North Carolina is $323 per year. Rates vary based on factors such as location, coverage amount, deductible, and claims history.

"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	$323
Average monthly premium	$27

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Best renters insurance company in North Carolina: State Farm

State Farm ranks as the best renters insurance company in North Carolina, earning a top score among the carriers we surveyed. Its average rate is $262 per year.

Auto-Owners and Allstate are also among the top insurance companies for renters insurance in North Carolina.

Rates differ widely between renters insurance providers, so it's best to shop around. It's also important to choose an insurance company with a good reputation so you know it will be there for you when you need it.

To help you choose the best renters insurance in North Carolina, we reviewed average rates, NAIC complaints, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.

Below are the best renters insurance companies in North Carolina.

Company	Average annual premium	AM Best	NAIC	Insurance.com rating
State Farm	$262	A++	0.95	5
Auto-Owners	$329	A++	0.33	4.78
Allstate	$300	A+	0.9	4.78
Nationwide	$444	A+	0.87	4.25
Erie Insurance	$512	A+	0.38	4.02

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Cheapest renters insurance in North Carolina

Our analysis shows that North Carolina Farm Bureau is the cheapest renters insurance company in North Carolina, with an average annual premium of $151.

Renters insurance rates can differ greatly between providers, so it's best to compare quotes to find affordable coverage that meets your needs.

Here is the list of the cheapest renters insurance companies in North Carolina along with their average annual premiums.

Company name	Average annual premium
North Carolina Farm Bureau	$151
State Farm	$262
Allstate	$300
Auto-Owners	$329
Nationwide	$444
Erie Insurance	$512
USAA	$142

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North Carolina renters insurance: The least and most expensive ZIP codes

Where you live in North Carolina directly affects the cost of your renters insurance. The most expensive ZIP code in North Carolina is 28469, where the average annual premium is $881. This is $558 more than higher than the average rate.

In contrast, the least expensive ZIP code for renters insurance is 28701, offering coverage at $222 a year.

The table below shows the most and least expensive ZIP codes in North Carolina for renters insurance.

Best home insurance companies in Texas

Most expensive ZIP code
Least expensive ZIP code

ZIP code	Average annual rate
28469	$881
28443	$873
28480	$867
28445	$858
28460	$731
27960	$694
27981	$689
28589	$592
28539	$589
28412	$588

ZIP code	Average annual rate
28701	$222
28714	$223
28713	$225
28604	$231
28702	$240
28707	$240
28901	$241
27207	$248
27011	$249
28018	$250

Renters insurance cost in North Carolina by city

In North Carolina, renters insurance rates vary across cities due to factors such as weather risks, crime rates, and other factors. To get the best deal in your city, Compare quotes from several insurers before selecting a policy, so they weigh each factor differently.

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

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How to save on renters insurance in North Carolina

There are several easy ways to lower the cost of renters insurance in North Carolina without losing necessary coverage:

Bundle your policies. Many insurance companies offer a discount if you buy renters and auto insurance together.
Increase your deductible. Choosing a higher deductible will lower your monthly or yearly premium; just ensure you can afford it.
Ask about discounts. Most providers offer savings for things like smoke alarms, security systems, or being claims-free.
Compare quotes. Prices can vary widely between companies, so getting quotes from multiple insurers can help you find the best deal.
Pay annually. Some insurers offer a small discount if you pay once a year instead of monthly.

Methodology

Insurance.com compared renters insurance rates provided by Quadrant Information Services 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. To rank the best insurance companies, we gathered AM Best financial stability ratings, where an A++ is the best possible score, and National Association of Insurance Commissioners (NAIC) complaint ratios, which compare the number of complaints a company receives to the anticipated complaint volume based on market share. These factors were used along with rates to find the best companies overall.

FAQ: North Carolina renters insurance

Do I need renters insurance in North Carolina?

Renters insurance isn't required by law, but your landlord may require you to purchase a policy as part of your lease agreement.

How much renters insurance do I need in North Carolina?

You should make sure your personal property coverage is sufficient to replace all of your belongings at replacement cost; there is no minimum requirement.