How much is homeowners insurance in North Carolina?
The average cost of homeowners insurance in North Carolina is $129 per month or $1,545 per year for $300,000 in dwelling coverage (that’s the type of coverage that protects your actual house), according to our latest insurance pricing analysis.
But rates have likely gotten more expensive for many North Carolina homeowners. Our latest analysis of internal policyholder data shows home insurance premiums in North Carolina for people who renewed their policies increased by 19% from May 2022 to May 2023.
Methodology & why you can trust our rates
Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:
Dwelling: $300,000
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
Liability: $300,000
Medical: $1,000
All rates based on the above coverage limits except where otherwise noted.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
North Carolina home insurance rates by city
Jacksonville, followed by Wilmington and Asheville have the cheapest home insurance premiums in North Carolina (looking at the 20 largest cities in the state). In Jacksonville, home insurance costs 45% less than the statewide average.
City | Average monthly cost | Average annual cost | Difference from state average (%) |
|---|---|---|---|
Charlotte | $134 | $1,605 | 4% |
Raleigh | $147 | $1,760 | 14% |
Greensboro | $123 | $1,471 | -5% |
Durham | $146 | $1,749 | 13% |
Winston-Salem | $118 | $1,415 | -8% |
Fayetteville | $188 | $2,250 | 46% |
Cary | $147 | $1,758 | 14% |
Wilmington | $96 | $1,146 | -26% |
High Point | $122 | $1,468 | -5% |
Concord | $123 | $1,481 | -4% |
Asheville | $99 | $1,193 | -23% |
Greenville | $185 | $2,217 | 43% |
Gastonia | $116 | $1,390 | -10% |
Apex | $147 | $1,759 | 14% |
Jacksonville | $71 | $847 | -45% |
Huntersville | $130 | $1,558 | 1% |
Chapel Hill | $123 | $1,475 | -5% |
Burlington | $120 | $1,440 | -7% |
Kannapolis | $123 | $1,481 | -4% |
Rocky Mount | $167 | $2,000 | 29% |
North Carolina home insurance rates by coverage amount
One of the most important (and expensive) parts of your home insurance policy is your dwelling coverage, which protects the physical structure of your home from covered hazards like hurricanes and fires.
The amount of dwelling coverage you need depends on the replacement cost of your home — not its market value. If you paid $600,000 for a home that would really only cost $400,000 to rebuild — you’d only need $400,000 in dwelling coverage.
The more dwelling coverage you get, the higher your premiums. The most expensive change to the cost of home insurance in North Carolina happens when you go from $200,000 to $300,000 in dwelling coverage, an increase of $521 per year.
Dwelling coverage limit | Average annual cost |
|---|---|
$100,000 | $664 |
$200,000 | $1,024 |
$300,000 | $1,545 |
$400,000 | $1,928 |
$500,000 | $2,308 |
