Each of America’s unique states has distinct costs and concerns for homeowners insurance. North Carolina, of course, is no exception.
Unlike other types of insurance policies (such as automobile insurance), homeowners insurance is not bound by state legislation. This means that the conditions for homeowners policies are consistent across the country.
But your home state does affect your homeowners insurance policy. Location is a variable that insurers consider when crafting a plan for each policyholder. Location affects:
While homeowners insurance functions the same throughout the country, these factors indicate why it’s important to view homeowners insurance through a North Carolina-specific lens.
We’ll go through everything you should know about shopping for home insurance in North Carolina, from coverage to quotes and everything in between. Keep reading.
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It’s no secret that money is always the number one concern when purchasing homeowners insurance. And it makes total sense. On top of paying for homeowners insurance, owning a home comes with all kinds of additional expenses that can strain the budget.
Well, good news! North Carolina actually has less expensive homeowners insurance on average compared to the rest of the country.
This means that finding affordable homeowners insurance in North Carolina is easier than you might have thought, but we’ll still cover ways to save on home insurance in NC because who doesn’t love saving money?
Just because North Carolina has some of the cheapest homeowners insurance in the country, doesn’t mean you’ve automatically hit the jackpot. You still have to be careful that you select a quality policy and are paying a reasonable price.
Here’s some of our tips for saving money on homeowners insurance in North Carolina:
Your home is your biggest asset, so skimping on coverage to save on costs doesn’t make sense. You could end up paying more in the long run should a claim not be covered. These tips to save on your home insurance costs can save you money so that you can get the coverage you need and protect your investment.
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It’s also crucial to understand how homeowners insurance policies are priced in order to find the best homeowners insurance in North Carolina.
The price of homeowners insurance will mostly depend on dwelling coverage:
The price of homeowners insurance will also depend on the deductible:
Your home insurance cost can also depend on the value of your personal property. When shopping for home insurance, it’s worthwhile to do a quick inventory of your belongings, including clothing, jewelry, electronics, collectibles, and more, to ensure you’re getting enough coverage to replace them should anything happen and also to ensure you’re not overpaying for coverage you don’t need.
Insurance providers offer different rates, which is why we always recommend that you compare insurance quotes before choosing any kind of insurance policy. You need to understand all of your options first in order to make an informed decision.
The insurance companies that offer the cheapest homeowners insurance rates in North Carolina are:
Keep in mind that simply selecting one of these companies is not enough to ensure you are getting the best possible home insurance in North Carolina. You must also consider the quality of your policy, as well as the customer service offered by each.
And remember that prices are always fluctuating, so don’t get too comfortable in any one policy or company. It’s worth reevaluating your policy each year before renewal to ensure you’re still getting the best value for your buck.
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While each of the 50 states has different price ranges for homeowners insurance, so do the counties within each of those states.
Different cities incur different risks that affect the price of a standard homeowners insurance policy. Providers weigh everything from crime rates in your neighborhood to location of the nearest fire station
The cheapest home insurance North Carolina has to offer can be found in these counties:
If you’re looking to buy a home in North Carolina, but aren’t set on a particular location, it would be wise to consider these areas.
The point of having homeowners insurance is so that you’re not on the hook when the worst happens to your home. The standard covered perils are generally the same throughout the United States.
However, hurricane and flooding coverage are not included as covered perils on most standard homeowners insurance plans. And if you live in an area prone to these hazards, you’re going to pay extra to include them in your policy.
Do not make the mistake of assuming that you have hurricane and flood coverage on your homeowners insurance already. These hazards can quickly spiral out of control when it comes to damage and repair costs, so you don’t want any unfortunate surprises should something happen.
Hurricanes and/or flooding is a significant risk in North Carolina due to its location near the coast. And the impending climate crisis has unfortunately enhanced these risks of natural disasters across the world.
North Carolina residents should strongly consider purchasing additional coverage for hurricane and flood damage. A couple things to note when shopping for this coverage:
If you’re not sure whether or not you need this added coverage, speak to an insurance agent today for guidance.
Your home deserves protection. After all, it shelters you from everything from inclement weather to the outside world, so it deserves great home insurance. Although North Carolina can experience extreme weather, it actually has quite affordable home insurance, which is great news for residents.
Go ahead and get access to free quotes here to see exactly what you’ll need to pay for home insurance to protect your biggest investment. After all, the saying is “happy home, happy life”, right?
We’ve got you covered!
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Claire Smith Claire is a creative entrepreneur with a variety of marketing and content creation skills, including blog and web copy writing, research, and strategy. She has a Masters in Cultural Studies from Queen's University and is known for thinking laterally about marketing, based on her deep knowledge of people and behavior.
