Best Cheap Homeowners Insurance Companies In Fayetteville, NC

Parts of North Carolina have often been known to feel the hit of some severe weather, such as hurricanes and tropical storms which have had a substantial impact on many of its cities, including Fayetteville. In addition to damage caused by storms, the residents of Fayetteville are also at a much higher risk of falling victim to crimes committed against their homes, including vandalism.

Because of this, homeowners insurance in Fayetteville costs on average over $2,800 a year – which is significantly higher than the annual state average of $1,500. Fayetteville residents are naturally looking for the cheapest home insurance on the market, as well as a guaranteed solid coverage. We’ve took it upon ourselves to help the residents of Fayetteville and did some extensive research, and through this we discovered that State Farm offer the most competitive rates and the best policies for home insurance in Fayetteville, at an annual cost of $2,807.

State Farm are the best provider overall, yet individual circumstances could mean that other insurers could be better suited to you and your situation. Our analysis revealed that Universal North America offer the most competitive rates for newly built homes, whereas Allstate is better suited to homeowners who are in need of extra personal property coverage. We also found that USAA offers a great policy for military families, North Carolina Farm Bureau offers the best customer support, and Heritage is the best choice for homeowners with bad credit.

Cheapest Overall Rates In Fayetteville

Cheapest Overall For Newly Built Homes

Cheapest Overall Rates In Fayetteville

Cheapest Rates For Military Families

Best For Customer Service

Cheapest Rates For People With Poor Credit

How To Decide On The Best Home Insurance Provider For You

When deciphering the most affordable insurance in Fayetteville, it’s recommended that you take the time to research all of your options. There are many insurers who offer cost-friendly policies with good coverage. We selected six providers in Fayetteville that could offer you a policy with solid protection for your home and its contents. Here are a few things to consider when deciding on the best, and cheapest, home insurance in Fayetteville for you.

Consider your property: When deciding on a policy, you will be asked to provide very specific information on the home in question. This includes details such as the age of your home, the materials used for the building, and the age of its roof. It’s important to have this information available when looking for accurate quotes.

Consider insurers: Always choose wisely when it comes to buying insurance, because you want to make sure that the company can meet your needs. You should start by looking at a select number of companies and check out their website. If you prefer to deal with your business online, make sure that the company’s site allows you to perform tasks such as paying your premium, and filing claims. If you prefer an in-person conversation, opt for insurers who have local agents in Fayetteville.

Gather quotes: We recommend that you get quotes from a few providers to ensure that you’re making an informed decision. You can receive quotes either online or through an agent, depending on the provider. When doing so, make sure that the requests are identical so that you can compare their rates sufficiently.

Choose the company that best suits your needs: Every individual’s circumstances are unique, and therefore some insurers will be more appropriately suited to your needs. Some insurers may offer the best discounts, whereas another may offer a better customer experience. It’s important to do your own research and compare each of the quotes to help you decide which insurer is best for you and your needs.

Largest Home Insurance Companies In North Carolina

Average Cost Of Home Insurance In Fayetteville, NC

When compared to the average rates in North Carolina and the whole of the United States, Fayetteville has some of the highest premiums. Fortunately, all of the major providers, including other much smaller companies, operate in North Carolina. Here are the average annual costs for five of the major home insurers in Fayetteville.

Average Cost Of Home Insurance By ZIP Code (Coastal North Carolina)

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 Fayetteville

Getting an online quote for home insurance in Fayetteville can be done in these four straight-forward steps:

Step One: Determine how much coverage is needed. If you don’t quite know how much personal property liability protection is needed, walk through your home, and take a detailed inventory. Taking a video of your personal property can also be helpful if you ever need to file a claim.

Step Two: Choose three providers to get quotes from. You can contact three insurers and ask for a quote, either by asking an insurance agent to get them for you, or by using an online home insurance quote tool.

Step Three: Make sure you’re receiving an apples-to-apples price from each provider. The coverage limits and deductible should be the same in order for you to make a well-informed decision.

Step Four: Decide which insurance provider you think will best suit your requirements, and then complete the application process.

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

Home insurance companies use a number of different factors to determine how much of a risk they believe you will be. The higher the risk they feel you are, the higher your premiums will be. Listed below are the factors that can impact your rates.

Location. When calculating rates, home insurance companies will review factors as specific as your ZIP code. Therefore, if you live in an area of Fayetteville where more claims are submitted, the insurer will charge you more.

Coverage amount. The value of your home and its contents and how much they are insured for will affect your rates, meaning you will pay more if the value is higher.

Credit history. Home insurance companies in North Carolina can use your credit score to help calculate your rates. Insurers tend to charge more for poor credit as statistically a poor credit history means a person is more likely to submit a claim.

Claims history. If you’ve filed a claim previously, insurance providers have found that you’re more likely to file a claim in the future.

Your home’s age. Insurers will consider the age of your home, as the older the building, the more likely it is that aging materials will lead to damage to electricals or plumbing. If these systems are old, then it could pose a fire or water hazard – ultimately leading to larger claims.

Deductible. If your deductible is higher, then your premium will be lower, however, it’s important to select a deductible that is affordable to you.

For Fayetteville residents, there is a high risk of damage to their homes due to the threat of tropical storms and hurricanes. As a result of this, home insurance rates in Fayetteville are some of the highest in the state.

North Carolina Home Insurance Laws To Be Aware Of

Home insurance is not a necessity for homeowners in the state of North. However, anyone with a mortgage, or belonging to a Homeowners Association (HOA) may be required to get it.

In The News

WTVD in Raleigh reports that North Carolina homeowners are seeing their insurance rates increasingly rise, partly down to the cost of lumber being up 21% over the last year, and roof costs being 22% higher. An early 2023 report predicts a 9% increase in home insurance premiums in 2023.

Information About Fayetteville

Fayetteville is a city in Cumberland County, North Carolina. Most famous as being the home of Fort Liberty, which is a major U.S. Army installation northwest of the city. Fayetteville has been rewarded the All-America City Award three times, by the National Civic League. The city of Fayetteville is the 6th most populated city in the state of North Carolina, with a population of over half a million people (as recorded in 2020).

The Fayetteville metropolitan area is the largest in southeastern North Carolina, and the fifth largest in the state. Places to visit in Fayetteville include the Botanical Garden of Ozarks, Lake Fayetteville Park, and Arcadia Retrocade.

Home Insurance Discounts In Fayetteville

Although home insurance rates are high in Fayetteville, there are several discounts that homeowners are encouraged to take advantage of. Take these into account when discussing options with your insurance agent as they could save you a lot of money.

Your house may have features that can save you money, such as:

New or renovated home discount. Newly built or recently renovated homes are quite often eligible for discounts due to their upgraded systems being less likely to fail.

Disaster preparedness discount. If you live in an area such as Fayetteville that’s prone to storms, your provider may offer you a discount if you take preventative steps to reduce risks of damage. Implementing things such as storm shutters, reinforcing a door, and shatterproof glass can reduce the risk of major damage from high winds.

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

Proximity to a fire hydrant or fire department. Your provider may offer a discount if you live close-by to fire-damage control resources, such as a fire hydrant.

Roof age discount. Roof repair costs are significant loss-leaders for providers. USAA, for example, offer discounts based on the age of your roof.

Military discounts. If you are an active military member, a veteran, or the spouse or child of a military member, you may be able to receive a discount.

Employment, organization, and association discounts. Your provider may offer a discount for certain professions, such as educators. You may also qualify if you are a union, organization, or professional association member.

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

Bundling discount. You may receive a discount for having several policies with the same provider.

You can also save money on your home insurance by increasing your deductible (to an affordable limit) and maintaining a good credit score.