Best North Carolina Home Insurance (2024)
The average North Carolina home insurance rates are 37% below the national average and the best North Carolina home insurance companies are North Carolina Farm Bureau, Amica Mutual, and State Farm. There are no North Carolina home insurance laws that require it, but most mortgages will mandate a North Carolina home insurance policy. Compare North Carolina home insurance quotes with our free tool below.
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Chris Abrams
Licensed Insurance Agent
Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies. Chris has been a licensed life and health insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chr...
Licensed Insurance Agent
UPDATED: Feb 8, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Feb 8, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
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Home insurance prices in North Carolina are more affordable than many other states, coming in 37% below the national average cost. The state is varied, however, and rates can differ, with higher prices in big cities and coastal locations where storms are a risk. Shopping around for comparative purposes to find the best homeowners insurance for your part of North Carolina is the best way to ensure you get a good value.
The Basics North Carolina Home Insurance
Home insurance is not like car insurance – there is no law that requires you to purchase a homeowners policy. But if you have a mortgage – and most homeowners do – you will need to have a homeowners policy that meets your lender’s requirements. This protects the lender’s interest in the home, but a homeowner’s policy also protects you and your biggest investment; your home.
Failure to carry a homeowners insurance policy will result in the lender buying a policy for you and charging you for it. You will pay for it, but this type of coverage – called force-placed – only covers the lender. It will not have any coverage for you, your personal property, or any other protection. And since it is also not any cheaper, it’s best to get the right coverage in place and keep it there.
A standard homeowner’s policy in North Carolina includes coverage for the dwelling itself, for your personal property, and for liability. It also includes coverage for living expenses when your home is being repaired due to a covered loss and you must live somewhere else. In addition to the basics, a long list of other coverage is available – depending on the company additional coverage may be included as standard or may be added on as endorsements.
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Your one-stop online insurance guide. Get free quotes now!
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Specifics of Home Insurance in North Carolina
There is nothing particularly unusual about North Carolina home insurance policies, but as a coastal state it is worth noting that in some areas prone to tropical storms and any other kind of water-related natural disaster, flood insurance may be required, and in other areas at the very least recommended.
Flood damage is not covered by standard homeowners insurance policy. Some companies do offer it as an endorsement; in most cases, it is sold as a separate policy. Homes located in high risk flood areas will need to purchase this coverage to make sure they can repair damage and replace contents after a flood.
Our Process
Our process for rating the best insurance companies for North Carolina homeowners is made up of a look at several factors. These factors add up to an idea of the value offered by an insurer and are price, reputation, and policy offerings.
Price is the biggest factor in choosing an insurance company for many people, but not all insurance is created equal. Going with the cheapest homeowners insurance companies may mean compromising coverage, and in many cases, the insured is not aware of the exclusions or policy limits until there is a claim that isn’t covered. Getting the right coverage for a good price is the goal of selecting a home insurance policy.
Similarly, a good price is not a good deal if the company’s customer service isn’t up to par. This is especially true when it comes to claims handling. Good value comes from a company that will be there for you when you need them – because that is why you are paying them.
Our method, therefore, is to look for companies that have a great reputation. We research them on consumer survey sites as well as a variety of customer reviews sites, looking for low customer complaint volumes and responsiveness to issues that result in a high amount of customer satisfaction. We also look at the company’s policies, seeking comprehensive coverage that does not skimp to save a few dollars. Our picks offer more coverage as standard parts of the policy than competitors.
Of course, we also looked for insurance companies that offer competitive rates along with their good reputation and great coverage.
Finally, we selected only companies that offer home insurance to the largest possible segment of the population. That means we did not select companies that have eligibility requirements, such as USAA – which is a great company if you are a military member and qualify – nor did we choose companies that cater only to a segment of the population.
Our Top Picks
These three companies all offer North Carolina homeowners a good value in home insurance, with great customer service and comprehensive policies at a good price.
North Carolina Farm Bureau
The North Carolina Farm Bureau has a great reputation for customer service, with many rave reviews from customers. They are not big enough to rank with J.D. Power, but their size and local customer base speaks for itself on their ability to meet the needs of North Carolina homeowners.
They do require policyholders to become members, but at only $25 a year, it is a negligible fee for the benefits – plenty of discounts and a good rate on home insurance. They are the second largest home insurance company by market share in the state for good reason.
Amica Mutual
Amica Mutual holds the title of the top home insurance company in the nation according to J.D. Power’s annual survey – a title they have held for some time. They are the award winner not just for overall service, but also for claims satisfaction, which means customers can expect a smooth experience overall.
They are also one of the most affordable options in North Carolina, and the great rates come with excellent coverage. Extended replacement cost on the home is a standard part of the policy, and there are also a lot of other standard benefits. They are a good pick for bundling insurance, too, since they have one of the biggest auto insurance/home insurance discounts around.
State Farm
State Farm is the biggest home insurance company in the country, and they are number one in North Carolina. With great customer service ratings and a reputation for taking good care of customers through a personal, agent-driven approach, they are at the top for a reason.
State Farm is also very competitive when it comes to rates, a fact that often takes homeowners by surprise. They also offer a great auto/home discount, which means those looking to bundle will want to consider them, and their policies are solid and comprehensive, with plenty of standard inclusions.
Read more: State Farm Insurance Review & Complaints: Mobile Home Insurance
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Shopping for Home Insurance in North Carolina
With fast-growing cities as well as coastal and rural communities, North Carolina’s homeowners have diverse needs. That means that while one company may be great for someone in Raleigh, a small-town homeowner may not find them competitive – and vice versa. Shopping around for your rate to compare policies is the best way to make sure you are getting the best deal when it comes to the overall cost of homeowners insurance.
Shopping for home insurance is a little more complex than car insurance, which is why plenty of homeowners select the option offered by their mortgage broker at closing and do not bother to shop rates regularly. It is worth your time, however, as rates can change even from one year to the next. And when it comes to protecting your home, making sure you have the right coverage is well worth the effort of comparing policies – not just prices.
Great value is available from big-name insurance companies in North Carolina, but smaller companies can have a lot to offer. It is worth having an agent pull together some quotes for you to get a look at the options that might otherwise fly under the radar.
The Bottom Line
A good price on home insurance is not too hard to find in North Carolina, so make sure to focus on the value offered by the policy and not just the rates. Any of our top picks are a safe bet for most homeowners but take into consideration your specific needs as well so that you can get the policy you really need and the peace of mind that comes with it. Your one-stop online insurance guide. Get free quotes now! Secured with SHA-256 Encryption
Frequently Asked Questions
What is North Carolina Home Insurance?
North Carolina Home Insurance is a type of insurance policy that provides financial protection for your home and personal property against certain types of damage, such as fire, theft, and weather-related events.
What does North Carolina Home Insurance cover?
North Carolina Home Insurance typically covers damage to your home and personal property caused by events like fire, lightning, windstorms, hail, theft, and vandalism. It may also cover liability if someone is injured on your property.
How much does North Carolina Home Insurance cost?
The cost of North Carolina Home Insurance can vary depending on several factors, including the value of your home, the location of your home, the age of your home, and the amount of coverage you need. It’s a good idea to get quotes from several insurance companies to compare costs and coverage.
How do I find the best North Carolina Home Insurance?
To find the best North Carolina Home Insurance, you should shop around and compare policies from several insurance companies. Look for policies that provide the coverage you need at a price you can afford. You may also want to consider the reputation of the insurance company and read customer reviews to help you make your decision.
What should I look for in a North Carolina Home Insurance policy?
When shopping for a North Carolina Home Insurance policy, you should look for a policy that provides the coverage you need, including coverage for your home and personal property, liability protection, and any additional coverage you may need. You should also look for a policy with a deductible and premium you can afford.
Can I save money on North Carolina Home Insurance?
Yes, there are several ways you can save money on North Carolina Home Insurance. You may be eligible for discounts if you have safety features installed in your home, such as smoke detectors or security systems. You may also be able to save money by bundling your home insurance with other insurance policies, like auto insurance.
How do I file a claim with my North Carolina Home Insurance company?
To file a claim with your North Carolina Home Insurance company, you should contact your insurance agent or the insurance company directly. They will provide you with the necessary forms and information to file your claim. It’s important to document any damage to your home or personal property and keep records of any expenses related to the claim.
Are you looking for free insurance quotes?
Your one-stop online insurance guide. Get free quotes now!
Secured with SHA-256 Encryption
Chris Abrams
Licensed Insurance Agent
Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies. Chris has been a licensed life and health insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chr...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.