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What type of insurance do you need?
Homeowners in the US pay around $1,173 per year for home insurance. North Carolina residents pay $1,075 per year, on average. While not everyone pays the same amount, this is great news for North Carolina homeowners, who pay less than most Americans for this important coverage.
Homeowners insurance is an essential safety net for the unexpected. If your home is damaged or destroyed by fire or weather, or you experience a break-in, you need homeowners insurance to help you repair and replace your home and your belongings. Without it, you could face serious financial consequences.
Pay for repairs to your home and your belongings.
Pays for someone else’s injuries or property damage when it’s your fault.
Pays for temporary living expenses when your home is damaged.
Insurance companies spent $1,379,438,000 on homeowners claims in North Carolina in 2016.
(That’s a lot of unfortunate events happening to North Carolina homeowners.)
Insurance carriers calculate the cost of a home insurance policy by asking “how likely is it that something bad will happen?” The more likely it is that something bad will happen, the more expensive the home insurance policy will be, and vice versa. We call these potential disasters “risk.”
Below are two examples of risk facing homeowners in the state of North Carolina.
Homes in North Carolina are exposed to all kinds of weather, from heavy rains and hail to full-blown hurricanes. Weather events can damage homes in an instant, leaving them uninhabitable and even destroyed. Without homeowners insurance, could you recover?
An independent insurance agent compares policies from multiple companies to find you the best coverage for your needs and budget.
Yes! There are 693 independent agents in North Carolina ready to help. A local independent agent can give you multiple policy options to choose from, so you can be sure that all of your unique risks are covered.
National average burglary rate 4.69 per 1,000 homes
National average home value $188,900
National average home insurance cost $1,173 year
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