Best And Cheapest Home Insurance In Asheville, NC

Although Asheville is hundreds of miles away from the coast, it can still be subjected to torrential downpour and storms. Additionally, the residents of Asheville can also fall victim to crimes committed against their homes, including vandalism.

Because of the potential threat of torrential storms, home insurance rates in Asheville cost its residents an average of $6,400 per year – compared with the much lower state average of $1,500. This is why homeowners in Asheville are always on the lookout for the cheapest premiums on the market, in addition to good coverage.  We’ve done all the hard work and put together a list of the best home insurance companies in Asheville – and in doing our research, discovered that State Farm offer the best home insurance policies for the best price in Asheville, costing an annual rate of $2,807.

State Farm are the best home insurance provider overall; however, an individual’s circumstances could mean that another insurer may be more appropriate for you. Our analysis revealed that Universal North America is competitive for newly constructed homes, yet Allstate is more appropriate for homeowners who need extra personal property coverage. We also found that USAA is the best choice for military members, North Carolina Farm Bureau is best for customer support, and Heritage best for homeowners with bad credit.

Cheapest Overall Rates In Asheville

Cheapest Overall For Newly Built Homes

Cheapest Overall Rates In Asheville

Cheapest Rates For Military Families

Best For Customer Service

Cheapest Rates For People With Poor Credit

How To Decide On The Best Insurer For You

When considering options for home insurance in Asheville, take some time to learn about a few select companies and do your research to decide which company offers the best policy to suit you and your needs. A lot of insurers offer budget-friendly policies along with good coverage. We selected six providers in Asheville that offer fantastic protection for homeowners. We’ve listed some tips to follow when deciding on the best home insurance in Asheville, North Carolina.

Consider your property: When researching home insurance policies and wanting to get a quote, you should have details of your home readily available. This includes the age of your home and roof, and the materials used to build. This is to ensure that you receive an accurate quote.

Consider insurers: Choose wisely when purchasing home insurance. Start by looking at all of your options, specifically the ones that grabbed your attention straight away. Research the company websites to help you decide if the insurer suits your needs. If you are someone who likes to deal with insurance business online, then look and see if the company site allows you to make premium payments and file claims online or through their app. If you’d rather have an in-person discussion, opt for an insurer with local agents present in Asheville.

Gather quotes: We suggest getting quotes from a few providers to ensure that you’re making a well-informed decision. You can get quotes either online or through an agent, depending on the company itself. Make sure that each request is identical so that you receive an accurate quote from all providers.

Choose the company that best meets your needs: Every situation is unique, meaning some providers will be better suited to your circumstances. Certain insurers can offer the best deal or discounts, whereas another might rank higher for customer support. It’s always worth doing your own research and compare quotes to determine which insurer works best for you.

Largest Home Insurance Providers In North Carolina

Average Cost Of Home Insurance In Asheville, NC

Asheville has high premiums when compared to the average rates of North Carolina, and the rest of the U.S. However, major companies, and much smaller ones, too, do operate in North Carolina. Below are the average prices for five of the biggest home insurance companies in Asheville.

Average Cost Of Home Insurance In North Carolina By Coverage Amounts

Average Cost Of Home Insurance In North Carolina By Deductible Amount

How To Get An Online Home Insurance Quote In Asheville

Getting an online quote for insurance in Asheville can be done in the following simple steps:

Step One: Try and decide how much coverage you need If you’re confused about the amount of personal property liability protection you need, walk through your home and make a detailed inventory. Recording a video of your belongings can also be helpful if you need to make a claim one day.

Step Two: Choose three insurers and get quotes. Contact three insurers and get a quote after discussing your needs. You can ask a local agent to get the quotes on your behalf or use an online quote tool.

Step Three: Ensure you get the same quote from each insurer. Both the coverage limits and deductible should be the same to help you make a better-informed decision.

Step Four: Determine which company you think will be most appropriate for what you require and then complete the application process.

Factors That Impact The Cost Of Your Home Insurance Policy In Asheville

Insurance providers take several things into account when calculating your rates, this helps determine how much of a risk the company believes you to be. The higher the risk, the higher the rates. Below are the factors that insurers consider when calculating the rates for your insurance.

Location. Insurers get as specific as looking at your ZIP code when calculating rates. If you reside in an area of Asheville where more claims are filed, insurers will charge you more.

Coverage amount. The amount your home and personal property are insured for will impact your premiums. The higher value they are, the more expensive the rates will be.

Credit history. Insurers in North Carolina can utilize your credit score to calculate rates. If you have a bad credit history, then an insurer can charge you more as statistically, you are more likely to make a claim.

Claims history. Providers take into account any previous claims made by you as you are more likely to make a claim again in the future if so.

Your home’s age. If you have an older home, then it is probably built with materials that are more likely to deteriorate. For instance, the electricals and plumbing systems. Insurers look into this as damage to these systems can potentially result in water or fire hazards – which means larger claims.

Deductible. If your deductible is higher, then your rates will be lower. Be sure to select a deductible that is affordable.

For Asheville homeowners, severe weather can be a threat to properties. This means that home insurance rates are going to be higher than normal.

North Carolina Home Insurance Laws To Be Aware Of

For homeowners in North Carolina, it is not a requirement to buy home insurance. However, people with a mortgage or those belonging to a Homeowners Associations (HOA) may be required to purchase home insurance.

In The News

WTVD, an affiliate of ABC, reported that homeowners in North Carolina are seeing their premiums rise. This is primarily due to the cost of lumber rising 21% within the last year, and the prices of roofing rising by 22%. A report at the beginning of 2023 predicted a 9% rise in home insurance for the same year.

Information About Asheville

Asheville is nestled in the Blue Ridge Mountains, and often referred to as the “Paris of the South” with its vibrant and creative community, beautiful architecture, and interesting history. Asheville prides itself on its fascinating Appalachian past, celebrating this rich culture with annual events including Shindig on the Green.

This mountain city has a funky downtown with over 30 art galleries, an exciting culinary scene, and a thriving music scene. Asheville is the ultimate playground for lovers of the outdoors, with a diverse range of outdoor activities on offer.

Home Insurance Discounts In Asheville

Despite their high premiums, Asheville offers discounts for homeowners that are there to be taken advantage of. Listed below are discounts to be discussed with your agent. They are worth looking at as they could potentially save you some money.

Your home may have features that make it eligible for a discount, including:

New or renovated home discount. Newly built homes or those recently renovated are often eligible for discounts as they have more modern systems including plumbing and wiring, therefore are less likely to fail.

Disaster preparedness discount. Asheville can be prone to torrential weather, so your insurer could potentially offer a discount if you take steps to reduce the risk of damage. This includes installing storm shutters, reinforcing doors, and adding shatterproof glass.

Safety and security discounts. This applies to devices including smoke detectors, fire extinguishers, fire alarms, burglar alarms, sprinklers, water shut-off devices, and implementing deadbolts on exterior doors.

Proximity to a fire hydrant or fire department. Insurers may offer a discount if you live close-by to fire-damage control resources.

Roof age discount. Roof repair expenses are loss-leaders for insurers. Companies such as USAA offer discounts based on how old your roof is.

Military discounts. You could be eligible for a discount if you are an active military member, a veteran, or family of a military member.

Employment, organization, and association discounts. Your home insurance provider may offer a discount if you work within a specific sector, such as educators. Additionally, you may be eligible if you are a union, organization, or professional association member.

Seniors or retirees. Some home insurance companies offer a price break if you’re retired or over the age of 55 and working part-time. Usually, the house must be your primary residence, 55 and over, and work outside of your home less than 24 hours a week.

Bundling discount. You could receive a discount for having multiple policies with the same home insurance provider.

You could also save a bit of money on your insurance by raising your deductible and maintaining a good credit score.