Home Insurance North Carolina homeowners insurance calculator North Carolina home insurance costs $2,941 a year on average, above the national average of $2,601. Rates in North Carolina vary by location and coverage level, so you may pay more or less than the average. A home insurance calculator can help you estimate your costs. View Carriers Please enter valid zip Compare top carriers in your area Written by Tonya Sisler Reviewed by Leslie Kasperowicz Leslie Kasperowicz Leslie Kasperowicz is an insurance educator and content creation professional with nearly two decades of experience first directly in the insurance industry at Farmers Insurance and then as a writer, researcher, and educator for insurance shoppers writing for sites like ExpertInsuranceReviews.com and InsuranceHotline.com and managing content, now at Insurance.com. Expert insight from Amy Bach Amy Bach Executive Director of United Policyholders.Go to comment Posted on: August 8, 2024 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. Home insurance in North Carolina averages $2,941 a year, which is $340 above the national average. However, many residents pay much higher rates due to the state’s susceptibility to natural disasters in certain areas. The rate above is calculated using a policy with $300,000 in dwelling and liability coverage, a 2% hurricane deductible and a $1,000 deductible for all other perils. Your coverage needs will affect what you pay. “With premiums at an all time high in many parts of the country, and insurance companies increasingly using AI, risk scores and aerial imagery to decide which homes they’ll insure and which they won’t, it’s a hard time to be encouraging consumers to buy more insurance. But as a non-profit consumer organization with no agenda other than wanting consumers to be treated fairly, and over three decades of experience assisting in disaster recovery, we know that the majority of homeowners don’t have enough insurance, and we offer tips to help people avoid that situation,” says Amy Bach, executive director of United Policyholders, a nonprofit consumer group. Keep reading to learn more, and use the North Carolina home insurance calculator to estimate your rates. North-Carolina home insurance calculator See how the average annual home insurance rates vary with the options chosen. State AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington, D.C.West VirginiaWisconsinWyoming Dwelling Dwelling coverage pays for the rebuilding or repair of your physical home structure. Choose an amount that would cover the cost of rebuilding your home. $200,000$300,000$400,000$600,000$1,000,000 Liability Covers the medical expenses of people who are hurt while in your home or on your property, as well as damage you caused to others’ property. Also covers legal fees if you are sued by someone hurt in your home or on your property. Limits of $100,000 or $300,000 are recommended. $100,000$300,000 Deductible Standard ($1000)Hurricane (2% of insured value) Filter Average Annual Home Insurance Rates In North Carolina $2,686 Average rate $9,907 Highest rate The estimated highest premium in North Carolina $397 Lowest rate The estimated lowest premium in North Carolina START SHOPPING NOW Home insurance companies in North Carolina Company Average annual rate State Farm $1,162 North Carolina Farm Bureau $2,188 Nationwide $3,141 USAA $3,338 Erie Insurance $3,603 Key Takeaways North Carolina homeowners insurance rates average $2,941 annually for $300,000 in dwelling and liability coverage, with a $1,000 deductible and a 2% hurricane deductible. North Carolina experiences many types of natural disasters, but hurricanes increase rates the most. Concord has the lowest average homeowners insurance rates, and Wilmington, on the coast, has the highest rates How to use the North Carolina home insurance calculator Average homeowners insurance rates vary based on location, home, and coverage limits. Use the home insurance calculator to see the average costs in North Carolina. Here’s how: Choose how much dwelling coverage you need for your home. Make sure it’s high enough to cover rebuilding your home if necessary. Choose your liability coverage. A standard home insurance policy provides $100,000 in coverage, but experts recommend carrying $300,000 or more. Choose your deductible. The deductible is the amount you pay when you file a claim. A higher deductible means lower premiums, but a higher out-of-pocket cost if there’s a claim. How does dwelling coverage affect homeowners insurance in North Carolina? Dwelling coverage is the portion of your home insurance that pays for repairing or rebuilding your home after a covered event. It’s the most important part of your policy and should match the replacement cost of your home. The table below shows average North Carolina homeowners insurance for various coverage levels. Each of these rates includes $300,000 of liability coverage and a $1,000 deductible with a 2% hurricane deductible. Dwelling coverageAverage annual rateAverage monthly rate$200,000$2,141$178$300,000$2,941$245$400,000$3,678$307$600,000$5,593$466$1,000,000$9,331$778 What is a hurricane deductible, and how does it impact home insurance rates in North Carolina? A hurricane deductible is a separate deductible on your homeowners insurance policy that only applies to hurricane damage. While the standard policy deductible is a fixed amount, like $500, the hurricane insurance deductible is usually a percentage of the dwelling coverage and can be up to 10%. Below you can compare rates with and without a 2% hurricane deductible. Note that if there is no hurricane deductible and you live in a hurricane-prone area, you may not have coverage for hurricanes. Be sure to read the fine print in your policy. Average rates with hurricane deductibleAverage rates with no hurricane deductible$2,941$2,920 Average homeowners insurance cost in North Carolina The average homeowners insurance cost in North Carolina is $2,941 a year for $300,000 in dwelling and liability coverage with a $1,000 deductible and a 2% hurricane deductible, which is slightly higher than the national average. Natural disasters are prevalent in North Carolina and cause extensive home damage every year. The closer you live to the coast, the more you are likely to pay for home insurance. Other factors that affect homeowners insurance rates include your home’s age and building materials, previous claims, crime rates in your area, and your credit score. The table below shows the difference between the average North Carolina home insurance rates and the national average, indicating that homeowners in North Carolina generally pay slightly more due to the increased risk of natural disasters. Dwelling coverageLiabilityAverage annual rateDifference compared to the national average$300,000$300,000$2,941$340 Average cost of home insurance in major North Carolina cities Where you live in North Carolina also impacts your home insurance rates. Concord has the cheapest average homeowners insurance rates in North Carolina, and Wilmington, a coastal city, has the highest rates. Compare rates for major cities in North Carolina below. CityAverage annual rateAverage monthly rateCary$2,608$217Charlotte$2,277$190Concord$2,092$174Durham$2,487$207Fayetteville$3,333$278Greensboro$2,214$184High Point$2,238$187Raleigh$2,624$219Wilmington$4,094$341Winston-Salem$2,119$177 What our expert says Q: How much coverage do homeowners need to buy? Amy BachExecutive Director of United Policyholders “With premiums at an all-time high in many parts of the country, and insurance companies increasingly using AI, risk scores and aerial imagery to decide which homes they'll insure and which they won't, it's a hard time to be encouraging consumers to buy more insurance. But as a non-profit consumer organization with no agenda other than wanting consumers to be treated fairly, and over three decades of experience assisting in disaster recovery, we know that the majority of homeowners don't have enough insurance, and we offer tips to help people avoid that situation.” Methodology Insure.com commissioned home insurance rates from Quadrant Date Services in late 2023 for a homeowners insurance policy with dwelling coverage levels ranging from $200,000 – $1 million and liability coverage of $100,000 and $300,000. Sample rates were requested using a $1,000 deductible and a 2% hurricane deductible where applicable. 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