Best & Cheapest Homeowners Insurance in Raleigh, NC For April, 2024

Auto-Owners offers the cheapest homeowners insurance to homeowners in Raleigh, with an average annual quote of $1,274.

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Updated: 08 April 2024
Written by
Bob Phillips
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In our comprehensive review of homeowners insurance providers in Raleigh, NC, Auto-Owners emerges as the most budget-friendly option, with average annual rates of $1,274. However, keep in mind that the best insurer for you may vary based on your unique circumstances and requirements.

For instance, if your credit score has taken a hit, USAA stands out as the most economical choice with an average annual premium of $3,243. In contrast, if your home is on the older side, Auto-Owners rises to the top with its competitive rates of $2,227 per year, and comprehensive coverage.

On the other hand, if you’re the proud owner of a newly constructed home, Nationwide offers the most cost-effective solution at $1,246 per year. And for those who’ve had a history of claims, Auto-Owners again provides an affordable and understanding solution at $2,389 per annum.

Last, if you possess a wealth of personal property that needs protection, Auto-Owners  still proves to be your best bet, offering extensive coverage at a reasonable $1,462 per year.

Our in-depth analysis at Insuranceopedia is designed to guide you toward the perfect fit for your homeowners insurance needs. By comparing customer ratings, analyzing personal experiences, and presenting comparison charts, we will provide you with all the information necessary to make an informed decision.

How much is homeowners insurance in Raleigh, NC?

Auto-Owners offers the most affordable rate for homeowners insurance in Raleigh, at $1,274 annually.

As you can see below, rates in Raleigh are less expensive than the National average. The rates are also slightly lower than the North Carolina State average.

Area Average Monthly Rate
National $1,820
North Carolina $1,748
Raleigh $1,608

It’s important to understand that rates are not a one-size-fits-all matter. They can fluctuate significantly based on a myriad of factors.

For instance, your personal driving history plays a pivotal role; a record filled with traffic violations or accidents will likely lead to higher premiums than a clean slate. The type and model of your vehicle also come into play, as high-performance or luxury cars typically cost more to insure.

Your geographical location can impact your rates, too, with densely populated urban areas generally facing higher rates due to increased risk of theft or accidents. Even your age and marital status can influence your car insurance premiums.

Cheapest Homeowners Insurance in Raleigh, NC 2024

Cheapest Homeowners Insurance in Raleigh, 2024

Our Methodology

To find the cheapest home insurance rates in Raleigh, we analyzed findings from numerous home insurance review sites, some of which analyzed rates from public filings obtained by Quadrant Information Services. We’ve used an average of those rates for this review, but each company’s rates change frequently and will vary based on your situation. Also factored into the overall rating is my subjective opinion based on fifteen years of experience as a licensed insurance agent and over three decades of purchasing home insurance.

66

Quotes Analyzed

15+

Years Of Industry Experience

24

Brands Reviewed

40+

Research Hours

Cheapest homeowners insurance in Raleigh, NC

Auto-Owner emerges as the cheapest overall option for homeowners insurance in Raleigh, NC, with an average annual rate of $1,274.

Company Annual Premium
Auto-Owner $1,274
USAA $1,576
Allstate $1,839
Nationwide $1,892
State farm $2,279

The cost of your policy is influenced by many factors, including location, home value, and your claims history. Auto-Owner offers a balanced blend of affordability and comprehensive coverage.

Cheapest Homeowners Insurance If You Have Poor Credit

If your credit score is poor, USAA provides the most affordable solution, with an average annual rate of $3,243.

Insurance Company Average Annual Premium
USAA $3,243
Allstate $3,861
Erie $3,787
State Farm $4,296
Auto-Owners $8,190

Your credit score can significantly impact your insurance rates as it’s a key factor insurers consider when calculating risk. USAA understands that everyone deserves fair coverage, regardless of their financial past.

Cheapest Homeowners Insurance In Raleigh If You Have an Older Home

For those with older homes, Auto-Owners offers the cheapest rates, averaging $2,227 per year.

Insurance Company Average Annual Premium
Auto-Owners $2,227
USAA $2,418
Erie $2,566
Nationwide $2,709
UPC $3,826

Older homes often come with unique risks and maintenance issues, which can drive up insurance costs. Auto-Owners offers competitive rates and comprehensive coverage tailored to meet the needs of older homes.

Cheapest Homeowners Insurance for Newly Constructed Homes

If you’re the proud owner of a newly constructed home, Nationwide offers the most cost-effective solution, with an average annual rate of $1,246.

Insurance Company Average Annual Premium
Nationwide $1,246
Erie $1,352
USAA $1,384
Allstate $1,567
State Farm $1,625

New constructions often require different coverage compared to older homes, and Nationwide excels in providing affordable policies tailored to these specific needs.

Cheapest Home Insurance In Raleigh for a History of Claims

For homeowners with a history of claims, Auto-Owners provides an affordable solution, with an average annual rate of $2,389.

Insurance Company Average Annual Premium
Auto-Owners $2,389
Erie $2,586
USAA $3,667
Universal $4,108
Nationwide $4,365

A history of claims can raise red flags for insurers, often leading to higher premiums. However, Auto-Owners believes in second chances and offers reasonable rates for those with past claims.

Cheapest Home Insurance Rates for Lots of Personal Property

If you have a wealth of personal property, Auto-Owners offers the cheapest rates, with an average annual rate of $1,462.

Insurance Company Average Annual Premium
Auto-Owners $1,462
USAA $1,706
Allstate $2,118
Nationwide $2,171
State Farm $2,592

The more personal property you have, the higher your coverage needs, which can increase premiums. Auto-Owners provides extensive coverage at reasonable rates, ensuring all your belongings are adequately protected.

Best Homeowners Insurance Companies in Raleigh, NC

Choosing the right homeowners insurance is not just a necessity; it’s a strategic decision. With a rich history, Raleigh’s homes are as unique as its residents. Therefore, finding an insurance provider that offers comprehensive coverage at competitive rates becomes paramount.

To make your decision-making process easier, we’ve compiled a list of the top homeowners insurance companies in Raleigh, NC. These companies have been assessed based on their annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Take a look at our comparison chart below and find the perfect fit for your home insurance needs.

Company Annual Premium
USAA $1,576
Allstate $1,839
Travelers $1,010
Auto-Owner $1,274
Heritage $1,024
Erie $1,600
Nationwide $1,892
State farm $2,279

Average Home Insurance Rates by Zip Codes

The cost of homeowners insurance in Raleigh, NC can vary significantly based on the zip code. Below are tables showcasing rates for different zip codes in Raleigh, along with the five cheapest and most expensive zip codes in the area for annual home insurance premiums.

ZIP Code Average Insurance Premium (Annual)
27616 $1,754
27603 $1,752
27606 $1,749
27612 $1,758
27613 $1,758
27604 $1,760

Cheapest Zip Codes

ZIP Code Average Insurance Premium (Annual)
27605 $1,751
27604 $1,760
27608 $1,754
27606 $1,749
27617 $1,753

Most Expensive Zip Codes

ZIP Code Average Insurance Premium (Annual)
27695 $1,868
27614 $1,765
27615 $1,757
27607 $1,759
27612 $1,758

Average Home Insurance Rates in Raleigh, NC by Deductible Amount

The deductible amount chosen for a homeowners insurance policy significantly affects the premium rates in Raleigh, NC. Here’s how the average home insurance rates fluctuate for different deductible amounts:

Deductible Amount Annual Rate
$500 $1,265
$1,000 $1,061
$2,000 $840
$5,000 $725

Average Home Insurance Rates in Raleigh, NC By Coverage Amount

One of the key components that influences your premium is the dwelling coverage amount. This is the maximum amount your insurance company will pay to rebuild or repair your home if it’s damaged or destroyed.

Let’s take a closer look at a comparison chart that outlines the average annual homeowners insurance premiums for different dwelling coverage amounts.

Dwelling Coverage Amount Average Annual Premium
$200,000 $1,154
$250,000 $1,425
$300,000 $1,764
$350,000 $2,220
$400,000 $2,301

Average Home Insurance Rates in Raleigh, NC by Company

Here’s a comparison table showcasing annual premiums from some of the top providers in Raleigh:

Company Annual Premium
USAA $1,576
Allstate $1,839
Travelers $1,010
Auto-Owner $1,274
Heritage $1,024
Erie $1,600
Nationwide $1,892
State farm $2,279

How Much is Homeowners Insurance for Other Cities in North Carolina?

The following is a  detailed comparison chart that showcases the cheapest companies and their annual premiums across various cities in North Carolina.

City Annual Premium
Fairview $1,066
Charlotte $1,178
Burlington $1,060
Atlantic Beach $9,506
Beaufort $7,466
Clayton $1,487

Getting Online Homeowners Insurance Quotes in North Carolina

With informative sites like Insuranceopedia, finding the best coverage for your unique needs is just a few clicks away. By providing quick online quotes from a variety of top-rated insurers, Insuranceopedia helps you to compare rates at a glance.

Just input your details and let us do the hard work, presenting you with a range of options tailored to your requirements. This way, you can confidently choose a policy that offers the highest value, balancing cost with comprehensive coverage.

FAQs

Who has the cheapest home insurance in Raleigh, NC?

The cheapest home insurance in Raleigh, North Carolina, is provided by Auto-Owners, with an annual premium of $1,274

What is the average cost of home insurance in Raleigh, NC?

The average cost of homeowners insurance in Raleigh, North Carolina, is approximately $1,608 per year.

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