How much is homeowners insurance in Charlotte,NC

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In Charlotte, homeowners pay an average annual rate of $2,269 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible), according to Insure.com’s rate analysis. It’s $235 less the national average of $2,504.

Homeowners insurance rates change from one home to another. The home insurance premium in Charlotte depends on various factors, such as:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers, enabling you to find the right coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Charlotte, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Charlotte.

Key takeaways

Homeowners insurance costs $2,269 per year in Charlotte.
At $946 per year, State Farm offers the cheapest homeowners insurance in Charlotte.
Your home insurance rates increase by $784 more annually if you increase your dwelling coverage from $200,000 to $300,000.

How much is homeowners insurance in Charlotte per month

Charlotte homeowners pay an average of $189 a month, based on our rate analysis. It’s $55 less the state average of $244 and $20 less the national average for home insurance across the United States. The price of your homeowners insurance policy in Charlotte may vary depending on where you live, the value of your home, and the coverage you choose.

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

In Charlotte, NC, homeowners pay an average of $1,485 annually for a $200,000 home. The annual cost of home insurance is influenced by factors such as the risk of natural disasters in your area.

Regions more susceptible to natural disasters, such as floods, hurricanes, or tornadoes, typically face higher rebuilding costs, leading to increased insurance premiums. It is important to understand that standard insurance policies might not cover damages caused by floods or hurricanes. If you live in a flood-prone area, it is advisable to purchase flood insurance.

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

Based on a rate analysis conducted by Insure.com, Charlotte residents pay an average of $2,269 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. If you plan to increase your dwelling coverage from $200,000 to $300,000, you must pay an additional $784 per year for home insurance.

Buying adequate insurance to cover the entire expense of rebuilding your home is best advisable. However, the amount of dwelling coverage you need may vary depending on your home’s size, amenities, and the cost of living in your area.

How much is homeowners insurance in Charlotte by company

After evaluating several carriers, State Farm is the least expensive homeowners insurance provider in Charlotte. It’s average annual rate for homeowners in Charlotte is $946.

North Carolina Farm Bureau holds the second position, while Nationwide secures the third spot with an average annual home insurance rate of $2,571.

Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Charlotte and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Charlotte and their average annual premiums.

Home insurance company	Annual rate
State Farm	$946
North Carolina Farm Bureau	$1,309
Nationwide	$2,571
Erie Insurance	$2,817
USAA*	$2,552

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Charlotte 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.