Find the Best Homeowners Insurance Rates & Companies in North Carolina
If you own a house in North Carolina, you can cover the investment you have made in your property and protect your finances by purchasing a suitable homeowners insurance policy. A local independent insurance agent can help you find great coverage at a competitive price.
Independent agents have relationships with multiple insurance companies. This makes it easy for them to quickly provide you with a variety of policies and quotes that you can review and compare together. Schedule an obligation-free consultation with an independent insurance agent near you to get started.
Best Homeowners Insurance Companies in North Carolina
There are a lot of companies that provide homeowners insurance policies to residents of North Carolina. To find the company that is best suited to you and your family, you will need to compare the offered coverage, conditions, and rates from a few different providers. Some of the top-rated companies that work with independent insurance agents in North Carolina include:
- Nationwide: Enjoy worry-free claims, customized coverage, and quality customer service when you purchase a home insurance policy through Nationwide.
- Central Insurance Companies: Central has been providing security, protection, and peace of mind to its policyholders since 1876.
- Progressive: The convenience of state-of-the-art online services and an award-winning mobile app make this insurance company a top choice for North Carolina residents.
- Foremost: Foremost has coverage options that may not be offered by other insurance providers. Enjoy A Better Insurance Experience when you work with Foremost.
- Travelers Insurance: Since 1963, Travelers has been providing its customers with reliable coverage through its full line of insurance products.
- Stillwater Insurance Group: Talk to an agent to discover why 90% of Stillwater’s customers would recommend this insurer to their friends and family.
- Frederick Mutual Insurance Company (FMIC): Established in 1843, FMIC currently provides competitive, comprehensive coverage to more than 17,000 policyholders in five states, including North Carolina.
- Orion180: Orion180 is dedicated to simplifying your insurance coverage needs. Whether using their convenient online or mobile app technologies or talking with a real person over the phone, policyholders enjoy a world-class experience.
Talk to an independent insurance agent near you to get help finding the North Carolina homeowners company that can offer you the best and most affordable coverage.
What Homeowners Insurance in North Carolina Can Cover
If you own a house in the Tar Heel State, you can protect your investment with a good home insurance policy. North Carolina homeowners insurance can cover financial losses related to:
- Dwelling insurance: Loss or damage to your property: covers damage to the structure of your house, and any structures that are directly attached to it.
- Contents insurance: Covers loss or damage to your personal property.
- Loss of use insurance: Pays for your extra living expenses if damage caused by a covered event renders your home unsafe for habitation.
- Homeowners liability insurance: Covers expenses related to personal liability lawsuits if you or a member of your household is unintentionally responsible for harm to others.
- Medical payments coverage: Costs related to injuries that occur on your property. It can provide limited coverage for third-party medical expenses if someone is injured on your property, regardless of whether you are actually legally liable.
Local independent insurance agents can help you be sure that you are purchasing sufficient amounts of insurance in each coverage category and that you are getting your coverage at a competitive price.
What Homeowners Insurance in North Carolina Does Not Cover
Homeowners insurance offers a wide range of coverage, but it does not cover everything. You should not expect your North Carolina home insurance policy to pay for things like:
- Damage caused by floods
- Damage caused by termites, insects, rodents, or other pests
- Remediation of rust, rot, or mold
- Normal wear and tear
- Damage to your vehicles
- Sentimental value
- Damage caused by acts of war
Additionally, you may want to include endorsement in your policy so that you have sufficient coverage for things like:
- Business equipment kept in your home
- Fine art, valuable collections, silverware, heirlooms, and expensive jewelry
- Boats, personal watercraft, ATVs, and other recreational vehicles
An independent insurance agent can help find a good policy that offers sufficient coverage for all of your personal property. If needed, your agent can help you secure additional coverage with supplemental policies like flood insurance and personal inland marine insurance.
Flood Damage in North Carolina
Nearly 650,000 properties in North Carolina have a significant risk of sustaining flood damage over the next thirty years. Unfortunately, as mentioned above, homeowners insurance specifically excludes coverage for floods.
If your home is among the properties at risk in this state, you can supplement your home coverage with flood insurance. Affordable policies are available through the National Flood Insurance Program (NFIP).
If your property is located in a flood zone and you are still paying on a mortgage or home equity loan, your lender will require you to carry flood insurance. Otherwise, this coverage is optional. When deciding whether to purchase a policy, consider that the average compensation per flood claim in North Carolina is $24,600.
Average Cost of Homeowners Insurance in North Carolina
While homeowners in the US pay an average of $1,211 a year for home insurance, the average cost of homeowners insurance in North Carolina is just $1,086 a year.
Of course, this is just an average. Your actual rates can be significantly higher or lower than this amount because they are based on factors like your home’s size and value, its proximity to the coast, and the amount of coverage you wish to purchase.
The only way to find out how much a policy will cost you is by contacting insurance providers and requesting customized quotes. Independent agents can save you time and money by doing the comparison shopping on your behalf. Contact an independent insurance agent near your to get started.