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.
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 |