Homeowners Insurance Analysis
Homeowners Insurance Overview
What Does Homeowners Insurance Cover?
What You Should Know About Homeowners Insurance

Who Has The Cheapest Renters Insurance Quotes in North Carolina?

Find the Cheapest Insurance Quotes in Your Area

Currently Insured?

Nearly 10 million people live in the Tar Heel state and many are renters concentrated in Charlotte, Raleigh and a number of other cities with at least 100,000 residents. We conducted a study to see which residents have the cheapest renters insurance and found the cost of premiums can widely vary. The highest premiums in the state are 2.4x more than the lowest. The study evaluated quotes for a sample property (a rental property with roughly 1,000 square feet of living space and $100,000 in liability coverage) for illustrative purposes. Type your zip code for a list of companies to start shopping for renters insurance quotes

Cheapest Renters Insurance in North Carolina

We conducted research to find the cheapest renters insurance in North Carolina and found that Amica was the most affordable. Using our sample renters policy for a 1,000 square-foot home, we found that Amica had an annual rate of about $186, which is about 42% cheaper than the average annual rate. In contrast, Liberty Mutual had a significantly more expensive annual rate at $603. The following table includes the rankings from cheapest to most expensive renters insurance according to our analysis:

RankCheapest Renters Insurance CompanyAverage Annual Rates
1 Amica $186
2 State Farm 203
3 Allstate 253
4 Nationwide 347
5 Liberty Mutual 603
Average 319

Best Renters Insurance Rates in North Carolina: by City

The cities with the cheapest renters insurance rates in North Carolina are all located inland and are primarily in the western part of the state. This dispersion is characteristic of other coastal states that are frequently subject to tropical storms, which impact insurance rates. The best renters insurance in North Carolina also are significantly less expensive that than our study’s average - the top five are all at least 32% cheaper.

RankCityAverage Annual Rate*% Difference vs State Average
1 Boone  $182 -32%
2 Hickory  186 -30%
3 Morganton  188 -30%
4 Hendersonville  189 -29%
5 Lenoir  191 -29%

*The Average Annual Rate has been rounded to the nearest whole dollar amount.

Boone, NC

Sitting atop the Appalachian Mountains, Boone is recognized as “the ultimate outdoor adventure destination” with a myriad of sport and outdoor activities off the Blue Ridge Parkway. The town is also home to Appalachian State University, multiple businesses and a well-ranking school system. The median age of residents is about 21 years, which is likely affected by the large number of students in the area. The insurers we surveyed returned the cheapest renters insurance quotes in Boone, North Carolina. Rates for the sample property are 32% lower than the study’s average premium for the state.

Hickory, NC

Situated within the nation’s premier furniture manufacturing region, Hickory is a known economic and cultural center in the Catawba River Valley. Home to Hickory White, also known as the Hickory Manufacturing Company, is thought of as one of the oldest furniture companies in the U.S. It also has an airport, transit system, art museum, science center, speedway and a concert association. The average household income is about $40,000 and median rent is $659. Hickory also has some of the best renters insurance rates in NC - with quotes for our sample property 30% lower than the average for the state.

Morganton, NC

The town was connected to Highway 70, which stretched from Tennessee to the Atlantic Ocean, and had a positive impact on its growth. With about 154 miles of shoreline along Lake James, multiple forests, hills and the Catawba River, Morganton is a hub of outdoor activity and history. Median gross rent is around $640, as most housing units are valued at about $140,000 to $180,000. North Carolina's third most affordable renters insurance rates were found in Morganton - quotes for our sample property are 30% lower than the study average.

Hendersonville, NC

Home of the DuPont State Forest, the city of about 10,000 people features the Western North Carolina Air Museum, Table Rock State Park, the Carl Sandburg Home National Historic Site, the historic Johnson Farm and the Colburn Earth Science Museum. The town also has three malls, three colleges and is close to a regional airport. The town’s median age is about 45 with a per capita income of about $20,000. Homes are typically valued over $160,000 and the median rent is $730. Renters insurance quotes were 29% lower in Hendersonville than the rest of the state for the study's unit.

Lenoir, NC

The city of Lenoir organizes the annual Caldwell County Fair and the Blackberry Festival. Within the foothills of the Blue Ridge Mountains, it also offers routes to the Hibriten and Brushy Mountains. Lenoir is home to the Caldwell Heritage Museum, Science Center and The Mast General Store, which has been in existence since the 1880s. Tenants here have some of the best renters insurance rates in North Carolina, with sample property premiums 29% lower than the study average in the state.

Most Expensive Renters Insurance in North Carolina

Not surprisingly, the places with the most expensive renters insurance rates in North Carolina are clustered in the southeast corner of the state. The top five most expensive places are also much more expensive than the study average. All of the top five most expensive places have renters insurance premiums at least 40% higher than the state average for the sample property. 

RankCityAverage Annual Rate*% Difference vs State Average
1 Clinton  $436 63%
2 Wilmington  431 61%
3 Fayetteville  413 55%
4 Whiteville  410 53%
5 Burgaw  370 38%

*The Average Annual Rate has been rounded to the nearest whole dollar amount.

Clinton, NC

Officially established in 1852, Clinton eventually became a major agricultural marketing center. Abundant in history and culture, Clinton features the Sampson County Museum, the Averasboro Battlefield Museum and the Bentonville Battleground Historic Site, where a Civil War battle occurred in 1865 that resulted in a Union forces victory. Clinton has the most expensive renters insurance in North Carolina, where our sample property had rates 63% higher than the state average. 

Wilmington, NC

With a large seaport, the city is home to the USS North Carolina Battleship Memorial, a historic district and multiple beaches. It’s also the childhood home of NBA basketball star Michael Jordan. Today, the town is also home to the state Aquarium, Airlie Gardens, the Cape Fear Museum and multiple other attractions including the symphony orchestra. Renters insurance quotes for the sample property in Wilmington were 61% higher than the state average.

Fayetteville, NC

Prospering economically, Fayetteville is home to Fort Bragg, a U.S. Army Post, and the Pope Air Force Base. The automobile industry also has a significant presence there. Quotes for renters insurance are 55% more expensive than the study average in North Carolina.

Whiteville, NC

Whiteville has a number of historically significant sites including Moores Creek National Battlefield and the Brunswick Town State Historic Site. It is also home to Lake Waccamaw State Park, Alligator Adventure, the Natural Sciences’ Satellite Museum and the Museum of Forestry, among other attractions. The city hosts the Columbus Country Fair, The Fire Ant Festival and the North Carolina Pecan Harvest Festival. To insure our sample property, residents in Whiteville pay 53% higher premiums than the state average.

Burgaw, NC

Considered a small railroad town, Burgaw credits its existence to the Wilmington and Raleigh Railroad Company. Burgaw itself became incorporated through the North Carolina General Assembly in 1879. Today, the town features a community college and a regional medical network. With a population of about 4,000 residents, the town has some of the most expensive renters insurance rates in North Carolina. Quotes for the sample property are 38% higher than the average in the state.

Average Cost of Renters Insurance in North Carolina: by City

We gathered renters insurance quotes for a sample property from five major carriers in 92 cities across North Carolina. Using that data, we calculated a mean renters insurance rate for the state of $267, then compared the mean rate to quotes gathered for the individual cities. The results determined that North Carolina has one of the largest differences between the cheapest and the most expensive premiums. The highest rate and city in our study cost 2.4x more than the cheapest location.

This graph ranks the cost of insuring a rented house in North Carolina from the cheapest location to the most expensive.

Study Methodology

Our study examined renters insurance quotes for a 1,000-square-foot residence with at least $25,000 in personal property coverage and $100,000 in liability coverage. We then collected quotes for that sample residence from five of the major carriers that offer a renters insurance product in the state of North Carolina. We averaged rates for the sample home in each city as a benchmark to show which cities are relatively cheaper or more expensive. Those comparative values are not indicative of what tenants can expect to pay for an annual renters insurance premium. 

RankCityAverage Annual Rate% Difference vs State Average
16 Andrews  $229 -14%
18 Asheboro  231 -14%
7 Asheville  194 -27%
8 Black Mountain  194 -27%
1 Boone  182 -32%
54 Bryson City  271 1%
88 Burgaw  370 38%
40 Burlington  253 -5%
38 Cary  252 -6%
15 Chapel Hill  229 -14%
56 Charlotte  274 2%
78 Clayton  294 10%
92 Clinton  436 63%
28 Concord  244 -9%
79 Creedmoor  295 10%
64 Denton  281 5%
84 Denver  308 15%
55 Dunn  273 2%
21 Durham  238 -11%
48 Eden  266 0%
77 Elizabethtown  294 10%
90 Fayetteville  413 55%
43 Forest City  260 -3%
11 Franklin  223 -16%
83 Fremont  300 12%
41 Gastonia  255 -4%
35 Greensboro  250 -6%
80 Greenville  296 11%
81 Havelock  298 12%
76 Henderson  292 9%
4 Hendersonville  189 -29%
2 Hickory  186 -30%
34 High Point  250 -6%
12 Highlands  224 -16%
14 Hillsborough  227 -15%
62 Huntersville  280 5%
86 Jacksonville  333 25%
32 Jamestown  249 -7%
26 Kannapolis  242 -9%
70 Kenly  290 9%
52 King  268 0%
85 Kinston  309 16%
53 Laurinburg  269 1%
5 Lenoir  191 -29%
20 Lexington  238 -11%
51 Lincolnton  268 0%
74 Locust  291 9%
66 Louisburg  284 6%
75 Lumberton  291 9%
6 Marion  192 -28%
37 Mebane  251 -6%
47 Mocksville  263 -2%
63 Monroe  280 5%
59 Mooresville  278 4%
3 Morganton  188 -30%
44 Mount Airy  261 -2%
82 Mount Olive  298 12%
65 Murphy  282 6%
39 Oak Ridge  252 -6%
73 Princeton  291 9%
57 Raeford  274 3%
42 Raleigh  258 -4%
49 Reidsville  266 0%
67 Roanoke Rapids  284 6%
9 Robbinsville  221 -17%
50 Rockingham  267 0%
68 Rocky Mount  284 6%
45 Rutherfordton  261 -2%
25 Salisbury  242 -9%
30 Sanford  249 -7%
46 Shelby  261 -2%
17 Siler City  230 -14%
71 Smithfield  290 9%
27 Southern Pines  243 -9%
22 Spruce Pine  238 -11%
61 Statesville  279 4%
10 Sylva  222 -17%
69 Taylorsville  287 8%
24 Thomasville  240 -10%
87 Troy  350 31%
23 Tryon  239 -10%
58 Wadesboro  274 3%
33 Wake Forest  249 -7%
72 Warrenton  291 9%
19 Waynesville  234 -12%
13 West Jefferson  226 -15%
89 Whiteville  410 53%
91 Wilmington  431 61%
60 Wilson  278 4%
29 Winston Salem  249 -7%
36 Yanceyville  251 -6%
31 Zebulon  249 -7%

*The Average Annual Rate has been rounded to the nearest whole dollar amount.

Comments and Questions