How much does home insurance cost in North Carolina? (2024)

Home insurance costs in North Carolina went up 19% after renewal compared to the previous year, according to our latest analysis of internal policyholder data.

Headshot of Andrew Hurst

By

Andrew HurstSenior Editor & Licensed Auto Insurance ExpertAndrew Hurst is a senior editor at Policygenius who has spent his entire career writing about life, disability, home, auto, and health insurance. His work has been featured in The New York Times, The Wall Street Journal, the Washington Post, Forbes, USA Today, NPR, Mic, Insurance Business Magazine, and Property Casualty 360.

Edited by

Jennifer GimbelJennifer GimbelSenior Managing Editor & Home Insurance ExpertJennifer Gimbel is a senior managing editor at Policygenius, where she oversees all of our insurance coverage. Previously, she was the managing editor at Finder.com and a content strategist at Babble.com.

Published|1 min read

Policygenius content follows strict guidelines for editorial accuracy and integrity. Learn about our editorial standards and how we make money.

Key takeaways

  • Average home insurance cost in North Carolina: $1,545 per year, $129 per month

  • Cheapest cities: Jacksonville, Wilmington, & Asheville

  • Most expensive cities: Fayetteville, Greenville, & Rocky Mount

  • What impacts rates in North Carolina: Losses caused by hurricanes and other strong storms, inflation-related increases to the cost of repairing damaged homes

Find your best home insurance rates in North Carolina with our free calculator

We don't sell your information to third parties.

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.

Find your best home insurance rates in North Carolina with our free calculator

We don't sell your information to third parties.

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%

Collapse table

Find your best home insurance rates in North Carolina with our free calculator

We don't sell your information to third parties.

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 homenot 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

Why are home insurance rates in North Carolina going up?

Home insurance rates in North Carolina are going up because of stronger natural disasters, especially hurricanes, that affect many homes in the state. Hurricanes damage homes on the coast, but as they move inland, they can bring damaging thunderstorms, wind, and rain to homes in North Carolina’s interior. According to North Carolina’s Department of Public Safety, all areas of the state have been affected by hurricanes in the last 20 years. 

Another reason why rates in North Carolina may be going up is because of inflation-driven increases to the cost of repairing and rebuilding damaged properties. As more properties are affected by severe weather and rebuilding costs rise, insurance companies will continue to raise rates.

Learn more >> Why are home insurance rates going up?

Find your best home insurance rates in North Carolina with our free calculator

We don't sell your information to third parties.

Author

Andrew Hurst is a senior editor at Policygenius who has spent his entire career writing about life, disability, home, auto, and health insurance. His work has been featured in The New York Times, The Wall Street Journal, the Washington Post, Forbes, USA Today, NPR, Mic, Insurance Business Magazine, and Property Casualty 360.

Editor

Jennifer Gimbel is a senior managing editor at Policygenius, where she oversees all of our insurance coverage. Previously, she was the managing editor at Finder.com and a content strategist at Babble.com.

Questions about this page? Email us at .