How much is homeowners insurance in Winston-Salem,NC

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In Winston-Salem, homeowners pay an average annual rate of $2,111 (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 $393 less than the national average of $2,504.

Homeowners insurance rates change from one home to another. The home insurance premium in Winston-Salem 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 Winston-Salem, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Winston-Salem.

Key takeaways

Homeowners insurance costs $2,111 per year in Winston-Salem.
At $772 per year, State Farm offers the cheapest homeowners insurance in Winston-Salem.
Your home insurance rates increase by $733 more annually if you increase your dwelling coverage from $200,000 to $300,000.

How much is homeowners insurance in Winston-Salem per month

According to Insure.com’s rate analysis, residents of Winston-Salem pay an average of $176 per month for homeowners insurance. This is $68 less than the state average of $244 and $33 less than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Winston-Salem can vary depending on your location, property value, and selected coverage options.

How much is homeowners insurance for a $200,000 house in Winston-Salem

In Winston-Salem, NC, homeowners pay an average of $1,378 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 Winston-Salem

According to a rate analysis by Insure.com, homeowners in Winston-Salem pay an average of $2,111 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 $733 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 Winston-Salem by company

Among the carriers analyzed, State Farm is the cheapest homeowners insurance company in Winston-Salem. It’s average annual rate for Winston-Salem homeowners is $772. North Carolina Farm Bureau ranks second and Nationwide makes it to the third spot with an average annual home insurance rate of $2,452.

Before choosing a homeowners insurance policy, it is important to do some research on the company. Our experts have analyzed all the insurance companies across Winston-Salem and prepared a list of the cheapest home insurance providers. You can find below the Winston-Salem home insurance companies and their average annual premium.

Home insurance company	Annual rate
State Farm	$772
North Carolina Farm Bureau	$1,334
Nationwide	$2,452
Erie Insurance	$2,692
USAA*	$2,324

Methodology

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