The Best Home Insurance in North Carolina for 2024

USAA and State Farm are among the best home insurance companies in North Carolina.
Sarah Schlichter
By Sarah Schlichter 
Updated
Edited by Caitlin Constantine

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

The average cost of homeowners insurance in North Carolina is $2,325 per year, or about $194 per month, according to a NerdWallet analysis. In comparison, the national average is $1,820 per year.

We’ve analyzed rates and companies across the state to find the best homeowners insurance in North Carolina. Our sample rates are for a homeowner with good credit and $300,000 of dwelling coverage, $300,000 of liability coverage and a $1,000 deductible. Your rates will be different.

Note: Some insurance companies included in this article may have made changes in their underwriting practices and no longer issue new policies in your state.

Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices we show you because our data analysts take rigorous measures to eliminate inaccuracies in pricing data and may update rates for accuracy as new information becomes available.

We include rates from every locale in the country where coverage is offered and data is available. When comparing rates for different coverage amounts and backgrounds, we change only one variable at a time, so you can easily see how each factor affects pricing.

Our sample homeowner had good credit, $300,000 of dwelling coverage, $300,000 of liability coverage and a $1,000 deductible.

Hosue and clouds
Get home insurance quotes in minutes
Answer a few questions to see custom quotes and find the right policy for you.

The best homeowners insurance in North Carolina

If you’re looking to buy homeowners insurance from a well-rated brand, consider one of these insurers, all of which have a NerdWallet star rating of 4.5 or higher.

Company

NerdWallet star rating

Average annual rate

4.5

NerdWallet rating 

$1,335

4.5

NerdWallet rating 

$2,350

4.5

NerdWallet rating 

$2,635

4.5

NerdWallet rating 

$3,105

4.5

NerdWallet rating 

Not available

5.0

NerdWallet rating 

$1,855

*USAA homeowners policies are available only to active-duty military members, veterans and their families.

More about the best home insurance companies in North Carolina

See more details about each company to help you decide which one is best for you.

insurance-product-card-logo

State Farm

4.5

NerdWallet rating 
Well-established insurer with a lengthy list of coverage options.

Coverage options

More than average

Discounts

Average set of discounts

NAIC complaints

Fewer than expected
insurance-product-card-logo

State Farm

4.5

NerdWallet rating 
Well-established insurer with a lengthy list of coverage options.

Coverage options

More than average

Discounts

Average set of discounts

NAIC complaints

Fewer than expected

As America’s largest insurer, State Farm stands out for its long list of coverage options. Its policies generally include extra dwelling coverage in case it costs more than expected to rebuild your home after a covered disaster. You may also be able to add coverage for things like identity theft, damage from backed-up drains and personal injury liability.

State Farm offers a free Ting device as a perk for home insurance policyholders. Ting is a smart plug that monitors your home’s electrical network to help prevent fires.


insurance-product-card-logo

Nationwide

4.5

NerdWallet rating 
For shoppers seeking a broad range of coverage options, Nationwide may fit the bill.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Close to expected
insurance-product-card-logo

Nationwide

4.5

NerdWallet rating 
For shoppers seeking a broad range of coverage options, Nationwide may fit the bill.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Close to expected

Nationwide’s standard homeowners policies include ordinance or law coverage, which pays to bring your home up to the latest building codes after a covered claim. They also include coverage for unauthorized credit or debit transactions. For an extra cost, you may be able to add coverage for things like water backup, identity theft and stronger materials to replace your roof.

The Nationwide website offers plenty of ways to manage your policy, including filing and tracking claims, paying bills and getting quotes.


insurance-product-card-logo

Auto-Owners Insurance

4.5

NerdWallet rating 
Auto-Owners offers plenty of ways to customize your policy and save money on home insurance.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Fewer than expected
insurance-product-card-logo

Auto-Owners Insurance

4.5

NerdWallet rating 
Auto-Owners offers plenty of ways to customize your policy and save money on home insurance.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Fewer than expected

Based in Michigan, Auto-Owners has been in business for more than a century. Its homeowners policies include all the basics, but you can also add coverage for things like identity theft or the failure of major appliances. Guaranteed replacement cost coverage is another optional add-on, enabling you to rebuild your home after a total loss even if your dwelling coverage limit is too low.

Auto-Owners sells homeowners insurance through independent agents.


insurance-product-card-logo

Erie

4.5

NerdWallet rating 
Best for homeowners who want to work with an agent.

Coverage options

More than average

Discounts

Average set of discounts

NAIC complaints

Fewer than expected
insurance-product-card-logo

Erie

4.5

NerdWallet rating 
Best for homeowners who want to work with an agent.

Coverage options

More than average

Discounts

Average set of discounts

NAIC complaints

Fewer than expected

In most states that it serves, Pennsylvania-based Erie offers guaranteed replacement cost for the structure of your home. With this coverage, the company will pay to rebuild your home completely after a disaster, even if the amount exceeds your dwelling limit.

Got a car to insure, too? If you bundle your home and auto insurance with Erie, you could get a discount of upwards of 16%. You may also be able to save if your home has certain safety and security features such as smoke alarms or sprinkler systems.

For more details, read our Erie home insurance review.


insurance-product-card-logo

Auto Club Group

4.5

NerdWallet rating 
Sells homeowners insurance on behalf of AAA in states like North and South Carolina.

Coverage options

More than average

Discounts

Great set of discounts

NAIC complaints

Fewer than expected
insurance-product-card-logo

Auto Club Group

4.5

NerdWallet rating 
Sells homeowners insurance on behalf of AAA in states like North and South Carolina.

Coverage options

More than average

Discounts

Great set of discounts

NAIC complaints

Fewer than expected

Auto Club Group is one of several companies selling AAA-branded homeowners insurance policies. Rewards like cash back or credits toward your deductible may be available for going a year or more without a claim.

You may also be able to save on your premiums by bundling home and auto insurance. However, you’ll want to weigh the savings against the cost of AAA membership, which may be required in order to buy a policy.

Get more information in our AAA home insurance review.


insurance-product-card-logo

USAA

5.0

NerdWallet rating 
Offers perks and affordable rates for the military community.

Coverage options

About average

Discounts

Average set of discounts

NAIC complaints

Far fewer than expected
insurance-product-card-logo

USAA

5.0

NerdWallet rating 
Offers perks and affordable rates for the military community.

Coverage options

About average

Discounts

Average set of discounts

NAIC complaints

Far fewer than expected

USAA sells homeowners insurance to veterans, active military members and their families. If that description fits you, you may want to consider a USAA policy. That’s because the company’s homeowners insurance has certain features that other insurers may charge extra for.

For example, USAA automatically covers your personal belongings on a “replacement cost” basis. Many companies pay out only what your items are worth at the time of the claim, which means you may not get much for older items. USAA pays enough for you to buy brand-new replacements for your stuff.


How much does homeowners insurance cost in North Carolina?

The average annual cost of home insurance in North Carolina is $2,325. That’s 28% more than the national average of $1,820.

In most U.S. states, including North Carolina, many insurers use your credit-based insurance score to help set rates. Your insurance score is similar but not identical to your traditional credit score.

In North Carolina, those with poor credit pay an average of $4,195 per year for homeowners insurance, according to NerdWallet’s rate analysis. That’s 80% more than those with good credit.

Average cost of homeowners insurance in North Carolina by city

How much you pay for home insurance in North Carolina depends on where you live within the state. For example, the average cost of homeowners insurance in Charlotte is $1,685 per year, on average, but homeowners in the coastal city of Wilmington pay an average of $6,590 per year.

City

Average annual rate

Average monthly rate

Apex

$1,840

$153

Asheville

$1,455

$121

Burlington

$1,560

$130

Cary

$1,850

$154

Chapel Hill

$1,655

$138

Charlotte

$1,685

$140

Clayton

$2,110

$176

Concord

$1,565

$130

Durham

$1,795

$150

Fayetteville

$2,415

$201

Gastonia

$1,480

$123

Greensboro

$1,555

$130

Greenville

$2,495

$208

Hickory

$1,345

$112

High Point

$1,605

$134

Jacksonville

$4,930

$411

Lexington

$1,730

$144

Matthews

$1,680

$140

Monroe

$1,680

$140

Mooresville

$1,580

$132

Raleigh

$1,760

$147

Salisbury

$1,725

$144

Wake Forest

$1,680

$140

Wilmington

$6,590

$549

Winston-Salem

$1,435

$120

The cheapest homeowners insurance in North Carolina

The companies above aren’t your only options. Below are the insurers we found with average annual rates below the North Carolina average of $2,325.

Company

NerdWallet star rating

Average annual rate

4.5

NerdWallet rating 

$1,335

North Carolina Farm Bureau

Not rated

$1,615

Lititz Mutual

Not rated

$1,745

5.0

NerdWallet rating 

$1,855

*USAA homeowners policies are available only to active-duty military members, veterans and their families.

What to know about North Carolina homeowners insurance

North Carolina is vulnerable to several types of natural disasters. Here’s what you should know to make sure your home is covered.

Hurricanes and tropical storms

North Carolina is one of the U.S. states most frequently hit by hurricanes. These tropical storms can cause wind and flood damage, and a standard homeowners policy may not cover you completely — or at all.

Homeowners insurance doesn’t typically cover flood damage, so you'll likely need a separate flood insurance policy. This is an especially good idea if you live along the coast or in an area prone to flooding. To find your home’s flood risk, check the Federal Emergency Management Agency’s flood maps or visit RiskFactor.com, a tool from the nonprofit First Street Foundation.

Homeowners insurance usually does cover damage caused by wind, but in North Carolina, you may pay a separate insurance deductible for wind or hail damage. Depending on where you live, your insurer may decline to provide wind and hail coverage as part of your homeowners insurance policy. Should that happen, you can purchase separate windstorm insurance from a private insurer or the North Carolina Insurance Underwriting Association.

Tornadoes

Tornadoes can strike any part of North Carolina, but the strongest ones tend to strike the eastern part of the state. They often form in conjunction with powerful thunderstorms or hurricanes.

In most parts of North Carolina, your homeowners insurance policy will likely cover your home for the wind damage that tornadoes can cause. But if you live near the coast, your homeowners insurer may not cover wind damage due to hurricane risk — and that means you won’t be covered for tornado damage, either.

As noted above, separate windstorm insurance is available through private insurers or the North Carolina Insurance Underwriting Association.

Winter storms

North Carolina may not see winters as harsh as those in more northerly states, but it does get some ice and snow. A standard homeowners policy covers many types of winter storm damage. For example, if a pipe freezes and bursts or a heavy snowfall knocks a tree onto your roof, your insurer will usually pay for the damage.

Hosue and clouds
Get home insurance quotes in minutes
Answer a few questions to see custom quotes and find the right policy for you.

North Carolina Department of Insurance

Confused about your coverage, or have a complaint about your insurance company? The North Carolina Department of Insurance may be able to help. The agency oversees the insurance industry in North Carolina and provides information and resources to consumers. You can get assistance online or by calling 855-408-1212.

Looking for more insurance in North Carolina?

Frequently asked questions

There’s no law in North Carolina that requires you to buy homeowners insurance. But if you have a mortgage on your home, your lender probably requires at least enough insurance to cover the structure of the house. (This is sometimes called hazard insurance.) For more information, read Is Homeowners Insurance Required?

North Carolina sees more hurricane landfalls than most U.S. states, which means the state’s homeowners — especially along the coast and Outer Banks — tend to pay more for insurance. More generally, the cost of homeowners insurance is going up across the country. The combination of inflation, supply chain issues and natural disasters has made rebuilding more expensive. That increased cost is reflected in higher insurance premiums.

Make sure you’re getting all the home insurance discounts you’re eligible for. You may be able to save by bundling your home and auto policies, installing safety or security features, or strengthening your home against hurricanes. Shop around regularly to see whether less expensive policies are available. We recommend getting home insurance quotes once a year from at least three companies.

Methodology

NerdWallet averaged rates for 40-year-old homeowners from various insurance companies in every ZIP code across the state. All rates are rounded to the nearest $5.

Sample homeowners were nonsmokers with good credit living in a single-family, two-story home built in 1984. They had a $1,000 deductible and the following coverage limits:

  • $300,000 in dwelling coverage.

  • $30,000 in other structures coverage.

  • $150,000 in personal property coverage.

  • $60,000 in loss of use coverage.

  • $300,000 in liability coverage.

  • $1,000 in medical payments coverage.

We made minor changes to the sample policy in cases where rates for the above coverage limits or deductibles weren’t available.

We changed the credit tier from “good” to “poor,” as reported to the insurer, to see rates for homeowners with poor credit.

These are sample rates generated through Quadrant Information Services. Your own rates will be different.

Star rating methodology

NerdWallet’s homeowners insurance ratings reward companies for customer-first features and practices. Ratings are based on weighted averages of scores in several categories, including financial strength, consumer complaints, coverages, discounts and online experience. These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our full homeowners insurance rating methodology.

Complaint methodology

NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2020-2022. To assess how insurers compare with one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC. Ratios are determined separately for auto, home (including renters and condo) and life insurance.

Get more smart money moves – straight to your inbox
Sign up and we’ll send you Nerdy articles about the money topics that matter most to you along with other ways to help you get more from your money.