Find the Cheapest Homeowners Insurance Quotes in Your Area
We evaluated insurance rates across 57 cities in the state of North Carolina in order to determine which areas have the most affordable and most expensive annual home insurance costs. According to our research, North Carolina homeowners pay an average of $984 per year for home insurance. Amica had the best average annual homeowners insurance rates in North Carolina out of the three insurance companies used in our study. Read more about our findings below, or use our quote tool above to start finding home insurance quotes in your area.
- Best Homeowners Insurance Companies in North Carolina
- Cheapest Home Insurance Companies
- Homeowners Insurance Rates in North Carolina's Largest Cities
- Top 5 Best Cities for Home Insurance in North Carolina
- Top 5 Most Expensive Cities for Home Insurance in North Carolina
Best Homeowners Insurance Companies in North Carolina
It doesn't matter if you're living in Charlotte or Wilmington, when searching for the best home insurance company in North Carolina, you should always balance your preferences for coverage features, price, stability and customer service. Focusing on customer service, we've compared the largest homeowners insurance companies in the Tar Heel State using customer complaints. With this metric, the top-rated homeowners insurance companies in North Carolina are the North Carolina Farm Bureau, USAA and State Farm. The worst-reviewed large insurance companies in the state are Auto Owners, Nationwide and Liberty Mutual. With the exception of Auto-Owners, North Carolina residents appear to be generally happy with their home insurance service: Nine out of largest 10 companies receive a customer complaint ratio below the national median of 1.0.
We measured customer satisfaction by the complaint ratio collected from the National Association of Insurance Commissioners. Customer complaints are weighted by market share, so the number of complaints is adjusted relative to the size of a company, with a median score of 1.0. A lower complaint index indicates that customers are more likely to be happy with their service.
|Rank||Company||Market share||Complaint index|
|2||North Carolina Farm Bureau||12.5%||0.17|
|9||Travelers (Standard Fire)||2.8%||0.51|
North Carolina Homeowners Insurance Companies Reviews
Based on market share, the five largest homeowners insurance companies in North Carolina are State Farm, North Carolina Farm Bureau, Nationwide, USAA and Allstate. We reviewed these insurers below, focusing on policy coverage, customer experience and financial stability.
Writing almost one fifth of insurance premiums, State Farm is North Carolina's largest home insurance presence. State Farm is a great option for homeowners looking to obtain coverage for specific types of events, as the insurer has a wealth of coverage add-ons that can protect you from a variety of scenarios. Ranking third in the state for customer complaints, State Farm also has a fine customer service reputation.
If you buy a North Carolina home insurance policy with State Farm, you'll be able to customize your policy to cover almost any situation. For instance, beyond typical add-on features—like identity theft and water backup coverage—you'll be able to purchase rarer coverage features that go beyond the typical homeowner experience. One example is off-premises structure coverage, which will cover you for damage to structures you own that are located in a separate area from your home property. Another example is rental property theft coverage. With this feature, State Farm will cover you if you temporarily rent out your home to guests and they steal your property, good for homeowners who occasionally lease all of part of their residence.
Compared to the national median, State Farm has a strong customer complaint ratio, which ranks third among the 10 largest home insurers in the state. Its financial stability is secure too: The insurer gets A.M. Best's highest rating of "A++" for financial strength.
North Carolina Farm Bureau
The North Carolina Farm Bureau (NCFB) is a private, non-profit company that is an affiliate of the American Farm Bureau Federation. The second biggest home insurer in North Carolina, the Farm Bureau's main competitive advantage is its strong customer service experience.
Unfortunately, you won't be able to get a homeowners insurance quote with the Farm Bureau online. Instead, you'll have to contact a local agent to compare its prices with other insurers. However, despite the inconvenience of its quote process, shoppers who select the NCFB are highly satisfied. The non-profit easily has the lowest complaint ratio of any major insurer in the state; by this metric, only USAA comes close. If you have a newer home or use protective safety devices, he NCFB also has a variety of discounts that could make your policy more affordable. You can also secure a multi-policy discount by insuring your automobile with the Farm Bureau.
Despite its local focus, the NCFB is financially strong. It receives an A.M. Best financial strength rating of "A", indicating it is in excellent condition.
A familiar name throughout the country, Nationwide is the third biggest insurer in North Carolina. Nationwide policies do nothing to stand out, as it offers standard home insurance with little in the way of add-on coverage. And its customer service reputation, while strong by national standards, ranks behind the other major home insurers in the state.
Nationwide policies include standard coverages for your dwelling, personal property and personal liability, but doesn't offer unique options for additional coverage beyond standard fare, such as water backup coverage. The exception to this rule is in its coverage for some high-value items. North Carolina homeowners who own a lot of silverware or expensive firearms will be covered up to $10,000 for both of these item types with Nationwide, a high sub-limit compared to competitors.
With a complaint ratio of 0.72, Nationwide receives fewer complaints than the national median of 1.0. However, it ranks ninth among the other top 10 insurance companies in North Carolina for complaint ratio, besting only Auto Owners Insurance. Like the other insurers on this list, Nationwide is financially stable with a superior rating of "A+" from A.M. Best.
The fourth biggest home insurer in the state, the United Services Automobile Association (USAA) is only available for eligible U.S. military members, veterans and their families. If you qualify, however, you should definitely get a quote on a policy given its extensive coverage and strong customer service reputation.
The main feature setting USAA policies apart is the inclusion of replacement cost coverage for both your dwelling and personal belongings. Replacement cost valuation means you'll be reimbursed in full for damage to your property, regardless of its wear and tear. With other insurers you generally have to pay extra for this feature. And with a customer complaint ratio of only 0.22, you know you'll be getting some of the best service in the state outside of the North Carolina Farm Bureau.
USAA has an A.M. Best financial strength rating of "A++", putting it joint top with State Farm in its likelihood to pay its obligations.
The fifth largest insurance company in the state, Allstate offers a variety of discounts for low-risk homeowners, so you should definitely get a quote and see how many of its savings options you qualify for. However, in North Carolina, you cannot get an Allstate homeowners insurance quote online so you'll have to talk with an agent to compare prices.
Although it does not have any single outstanding discount feature, Allstate offers the broadest range of discounts among North Carolina home insurance companies. From its auto and home insurance bundling discount—up to 30% off your premium—to discounts for safe homes and a claims free history, Allstate offers a host of ways to save. Its customer service reputation is also good, ranking fifth among the top 10 insurers in the state.
Allstate receives an "A+" financial stability rating from A.M. Best; not as strong as State Farm or USAA but still exceptional.
Cheapest Home Insurance Companies in North Carolina
We gathered quotes for our sample home from State Farm, Nationwide, and Amica insurance companies. Quotes from each company were averaged to find which insurance agency had the cheapest home insurance rates in North Carolina. The graph below shows the average annual costs to insure our sample home by company and the state average:
Find the Cheapest Homeowners Insurance Quotes in Your Area
Homeowners Insurance Rates in North Carolina's Largest Cities
We collected homeowners insurance rates across the ten most populous cities in North Carolina (excluding Wilmington, due to issues collecting comparable quotes within the city). Our study applied control variables to gather rates and compare each city's home insurance costs. The mean cost of home insurance in the ten largest cities was $956 per year, which is $28 less than the state average.
Charlotte is the most populous city in the state of North Carolina and the 17th largest city in the United States. Bank of America's corporate headquarters is located in the city as it is one of the largest banking centers in the United States. We found that the average homeowners insurance quote in the city of Charlotte was $815, which is $169 less than the state mean.
Amica, the most affordable insurer in the state, quoted the most expensive rate for our sample home at an annual cost of $880. The best home insurance rate was quoted from the second cheapest insurer in the state, State Farm, at $709 per year. Charlotte ranks as the second cheapest city for home insurance in North Carolina out of the ten most populous cities included in our study.
Raleigh, known as the "City of Oaks," is the second largest city in the state. It is home to North Carolina State University which has an enrollment of over 34,000 students. The average homeowners insurance rate in Raleigh was $1,015. This rate is $31 higher than the state average, which represents a 3% premium.
Amica and State Farm quoted home insurance rates of $649 and $800 for our sample home, respectively. Nationwide's quote of $1,595 was more than twice the rate offered by Amica and $795 more than State Farm's rate. Raleigh ranked as the third most expensive city for homeowners insurance out of the ten most populous cities in North Carolina.
Greensboro is the third most populous city in North Carolina. It is located in the northern part of the state at the intersection of three major highways, Interstate 85, 40, and 73. According to our study, the average annual homeowners insurance quote in Greensboro was $924 per year, which is 6% less than the state mean.
Nationwide offered the most expensive quote in the city of $1,443. Amica quoted the lowest rate for our sample home at an annual insurance cost of $646. Greensboro ranks near the middle for affordable home insurance rates in North Carolina, landing at 29th most affordable city of the 57 cities in our study.
Winston Salem, NC
Winston Salem is the fourth largest city in the state. The city is known for its involvement in the tobacco industry and is sometimes referred to as "Camel City" in reference to Camel cigarettes. Our research found that the average home insurance cost in Winston Salem was $774, which is $209 less than the average in the state of North Carolina.
If you’re looking for the best home insurance rates in Winston Salem, we suggest starting with Amica which quoted our sample home a premium of $646 annually. Nationwide offered the highest rate at $904, which is $258 more per year than Amica's quote. Winston Salem ranked as the seventh most affordable city out of the 57 cities used in our study.
Durham, located towards the north of the state, is the fifth most populous city in North Carolina. Duke University is located in the city and it is one of the largest employers in the city. We found the mean annual home insurance cost in Durham to be $940, which is $44 less than the state average.
Nationwide offered a quote of $1,334 in Durham, which is more than twice Amica's quote of $649. State Farm quoted the second most affordable rate of $836 for our sample home, which is $498 cheaper than Nationwide's rate. Durham had the seventh cheapest average rate for homeowners insurance out of the ten most populous cities in our study.
Fayetteville is the sixth largest city within the state of North Carolina. The city has received an All-America City Award three times and is home to Fort Bragg, one of the most populous military bases in the world. On average, residents of Fayetteville pay $1,096 for homeowners insurance each year. Home insurance rates in the city are $112 more expensive than the average in North Carolina.
Nationwide offered the most expensive home insurance quote for our sample home in Fayetteville at $1,308. State Farm offered the second highest rate of $1,055, which is $253 less than Nationwide's quote. Amica offered the lowest rate in the city of $924 per year. Out of the 57 cities in our study, Fayetteville ranked as the 44th cheapest city in North Carolina.
High Point, NC
High Point is the eighth largest city in North Carolina and the seventh most populous city included in our data. The city is known for furniture and textile manufacturing. Twice a year High Point holds a furniture market that attracts people from all over the world. Based on our data, residents pay an average of $855 a year for homeowners insurance.
Amica quoted the best rate for our sample home in High Point at $646 annually, which is $505 less than the rate of $1,151 provided by Nationwide. Based on our study, homeowners in the city of High Point pay 13% less for their home insurance compared to the state average. Out of the ten most populous cities in North Carolina, High Point ranks fifth for the lowest home insurance rate.
Greenville is the eighth largest city in our study and the ninth largest city in North Carolina. It lies along the Tar River in the eastern part of the state. Our research found that the average home insurance rate in Greenville was $1,468 per year, which is 49% more expensive than the state mean.
The most affordable rate in the area is offered by Amica at $999. The second best home insurance rate quoted for our sample home was offered by State Farm at $1,227. And the most expensive rate was quoted by Nationwide at $2,177, which is $1,178 more than Amica's quote. According to our research, Greenville is the third most expensive city for homeowners insurance out of the 57 cities used in our study.
Asheville is the ninth most populous city from our research and is the tenth largest city in the state of North Carolina. The United States National Climatic Data Center (NCDC), which is the world's largest active archive of weather data, is located in Asheville. The average home insurance rate for our sample home in the city was $821, which is $162 more affordable than the state mean.
The rates in Asheville were much lower compared to the quotes from Greenville. State Farm quoted the cheapest home insurance rate in the area at $680. Amica offered the second least expensive home insurance quote at $845. The most expensive quote was offered by Nationwide at $939. Asheville ranked as the third most affordable city for homeowners insurance out of the ten most populous cities in our study.
Concord is the eleventh most populous city in the state of North Carolina and the tenth largest city in our study. It is home to NASCAR's Charlotte Motor Speedway which hosts some of the biggest NASCAR events each year. Based on our research, the average cost of home insurance in Concord was $853 per year, which is 13% cheaper than the state mean.
Amica and State Farm offered the same quote in the city at a cost of $716 per year. The most expensive homeowners insurance quote gathered was offered by Nationwide at a cost of $1,127. Concord ranked as the 22nd most affordable city out of the 57 cities and as the fourth cheapest city compared to the ten largest cities included in our study.
Least Expensive Homeowners Insurance in North Carolina: by City
The graph below shows the five cheapest cities in North Carolina of all 57 cities from our study. The cities are listed in order of average price, starting with the lowest mean home insurance rate and ascending. The figures listed in the graph show the average home insurance rate in each city. According to our data, Robbinsville is the most affordable city in North Carolina for homeowners insurance. On average, residents pay $678 each year, which is $305 lower than the state average.
As we mentioned previously, Robbinsville is the most affordable city in the state of North Carolina for home insurance. Homeowners pay $678 on average, which is $56 less than the second cheapest city, Franklin. Amica offered the lowest quote at $608.
Franklin offers the second best rates for home insurance of the 57 cities in our study. The average home insurance quote in the city was $734, which is 25% cheaper than the state mean. The most affordable quote in Franklin was offered by Amica at $608 per year.
Mount Airy, NC
Mount Airy ranks as the third least expensive city in North Carolina for home insurance. The average homeowners insurance rate collected for the city of Mount Airy was $735, which is the $1 more than the rate in Franklin. The average quote is $249 less than the state mean. The lowest offer was quoted by Amica at $646.
Burlington had the fourth most affordable home insurance rates in the state of North Carolina. Residents pay on average $744 per year, which is $239 less than the state average and represents a 24% discount.
Spruce Pine, NC
Spruce Pine is ranked as the fifth least expensive city in North Carolina for home insurance. On average, residents pay $748 for home insurance, which is $235 lower than the state mean. Amica offered the most affordable quote at $646 per year.
Most Expensive Homeowners Insurance in North Carolina: by City
The graph below shows the five most expensive places of all 57 cities from our study. The cities are listed in order of price starting with the highest mean rate and descending. The figures listed show the average home insurance rate in each city. The most expensive city for homeowners insurance was Whiteville where we found an annual average premium of $1,699.
We evaluated 57 cities, spread throughout the state of North Carolina. The sample home we looked at was built in the year 2000 and had 2,000 square feet. The property cost $200,000 and had an attached garage. Quotes were collected from State Farm, Nationwide and Amica insurance companies. The costs were then averaged to arrive at a mean value for each city. Below is an alphabetical list of all the cities included in the comparison analysis. We've displayed all cities from Ahoskie to Yanceyville with the average annual cost of insurance as the benchmark property and the insurance costs for each city relative to the statewide mean.
|Rank||County||Average Insurance Rate||Cost Compared to Average|