How much is homeowners insurance in Cary,NC

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In Cary, homeowners pay an average annual rate of $2,600 for a coverage level that includes $300,000 for dwelling, $100,000 for liability protection, and a $1,000 deductible, according to Insure.com’s rate analysis. This is $96 more the national average of $2,504.

Homeowners insurance premiums can vary significantly from one property to another. In Cary, the cost of home insurance is influenced by several factors, including:

Size of your home
Age of your home
Amount of coverage required
Location
Your credit score

It’s crucial to compare quotes from multiple insurers to ensure you get the best homeowners insurance policy. This allows you to find the coverage that meets your specific needs.

Read this guide to discover the monthly homeowners insurance cost in Cary, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Cary.

Key takeaways

The average cost of homeowners insurance in Cary is $2,600 per year.
State Farm is the cheapest homeowners insurance company in Cary with an average annual premium of $615.
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $909 more a year for home insurance.

How much is homeowners insurance in Cary per month

Residents of Cary pay an average of $217 a month for homeowners insurance, as per Insure.com’s rate analysis. It’s $27 less the state average of $244 and $8 more the national average for home insurance across the United States.

The cost of your homeowners insurance policy in Cary may change based on location, property value, and selected coverage options.

How much is homeowners insurance for a $200,000 house in Cary

The average cost of homeowners insurance in Cary, NC is $1,691 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city.

Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage.

How much is homeowners insurance for a $300,000 house in Cary

According to a rate analysis by Insure.com, homeowners in Cary pay an average of $2,600 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $909 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.

However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

How much is homeowners insurance in Cary by company

Among the carriers analyzed, State Farm is the most affordable homeowners insurance company in Cary. It’s average annual rate for homeowners in Cary is $615.

North Carolina Farm Bureau, ranks second and Nationwide makes it to the third spot with an average annual home insurance rate of $2,989.

Research on the company is essential before selecting a homeowners insurance policy. Insure.com has thoroughly examined all insurance companies operating in Cary and compiled a list of the most affordable home insurance companies.

Below are details of Cary home insurance companies and their average annual premiums.

Home insurance company	Annual rate
State Farm	$615
North Carolina Farm Bureau	$1,491
Nationwide	$2,989
Erie Insurance	$3,044
USAA*	$3,069

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Cary for $300,000 dwelling coverage, $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.