Average Home Insurance Cost Nc

Average cost of homeowners insurance in north carolina.

Average home insurance cost nc. Several factors can affect the rate of your homeowners insurance such as your home s age size and location. The average cost of homeowners insurance in north carolina is 1 049 a year according to our study of almost 2 000 quotes. Average homeowners insurance rates in nc. The state s insurance commissioner reprieved the request but stated that they d reach a common resolution in future.

In january 2018 the north carolina rate bureau requested an 18 7 percent increase in home insurance rates. The average homeowners insurance premium in the united states is 1 211 a year according to the naic. This is about 100 less than the national average. Depending on where you live the average cost of home insurance can fall anywhere between 400 and 3 000 per year.

In 2016 the average annual price of homeowners insurance in north carolina was 1 098 which is 94 less than the 2016 national average of 1 192. Average homeowners insurance cost by state. The average cost of homeowners insurance in north carolina is 1 037 which is nearly 175 less than the national average of 1 211. For example if the average cost is 1 918 but this is for a 200 000 home then you can not reasonably expect to be paying close to an average price on home insurance if your home reconstruction value is 500 000 or over 1 000 000.

North carolina s average home insurance rate for 200 000 dwelling coverage that includes a 1 000 deductible and 100 000 liability is 773 which is 37 percent below the national average that s 456 cheaper. The value of your home where you live and the coverage level you choose can all impact the. The good news for north carolina homeowners is that the average homeowners premium in the state isn t as high as those top three hurricane prone states. As of 2015 the average homeowners insurance cost in north carolina was 1 075.

We show average home rates for three other common coverage levels at the end of this article.