Homeowners Insurance in North Carolina

The average North Carolina homeowners premium is $1,852 a year (NAIC) — ▲ +7% versus the U.S. average of $1,737, ranking 15th of 51.

These are estimates, not quotes. Home figures are modeled from NAIC state averages, Census home values and FEMA hazard ratings for comparison only. Real premiums depend on the insurer, the home, its roof and claims history. We are not an insurance company or agency. How we estimate

Average homeowners and renters insurance in North Carolina

Homeowners (HO-3)

$1,852

NAIC average / year

Renters (HO-4)

$174

U.S. $173

Median home value

$288,900

Census ACS

FEMA expected loss rating

Relatively Moderate

all natural hazards

NAIC averages cover standard owner-occupied (HO-3) policies. Premiums scale with the cost to rebuild, so North Carolina's median home value of $288,900 and its exposure to wind, hail and wildfire explain much of the difference from other states.

Natural hazard risk in North Carolina

FEMA National Risk Index — expected annual loss by hazard (state level)
Hazard	Expected loss rating	Score	Expected annual loss
Hail	Relatively Moderate	67.9	$50,119,707
Tornado	Relatively High	75.5	$342,436,534
Hurricane	Relatively High	93.5	$1,292,714,424
Inland (river) flooding	Relatively High	89.3	$2,050,307,485
Coastal flooding	Relatively Moderate	78.4	$32,518,601
Wildfire	Relatively Low	56.9	$13,980,859
Earthquake	Relatively Low	58.9	$99,466,056
Winter weather	Very High	94.6	$24,872,252
Strong wind	Relatively High	71.7	$88,668,902
Lightning	Relatively High	92.3	$59,259,607

Standard homeowners policies exclude flood and earthquake; both need separate coverage. Wind and hurricane damage is covered but often with a separate percentage deductible in coastal states.

Home Insurance Estimator

Estimated annual premium

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Per month

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Estimated homeowners insurance by city

For a home at each city's median value, standard frame construction and a $1,000 deductible. The lowest estimate is in Rocky Mount ($1,130) and the highest in Cary ($3,240).

City	Median home value	Median year built	Hail / wind	Est. premium
Charlotte	$385,700	1995	Relatively High / Relatively High	$2,415
Raleigh	$415,800	1997	Relatively High / Relatively Low	$2,480
Greensboro	$244,800	1985	Relatively Moderate / Relatively Moderate	$1,630
Durham	$392,800	1995	Relatively Moderate / Relatively High	$2,355
Winston-Salem	$233,800	1981	Relatively Moderate / Relatively High	$1,560
Fayetteville	$188,000	1984	Relatively Moderate / Relatively Moderate	$1,280
Cary	$580,200	1999	Relatively High / Relatively Low	$3,240
Wilmington	$383,800	1989	Very Low / Relatively Moderate	$2,280
High Point	$235,800	1989	Relatively Moderate / Relatively Moderate	$1,585
Concord	$353,700	1998	Relatively Low / Relatively Moderate	$2,065
Greenville	$233,500	1996	Relatively Moderate / Relatively Moderate	$1,500
Asheville	$440,000	1982	Relatively Moderate / Relatively High	$2,590
Gastonia	$277,600	1978	Relatively Low / Relatively High	$1,730
Jacksonville	$210,100	1992	Relatively Low / Relatively Moderate	$1,420
Burlington	$199,200	1978	Relatively Moderate / Relatively Moderate	$1,290
Rocky Mount	$165,700	1979	Relatively Moderate / Relatively Moderate	$1,130
Mooresville	$390,900	2006	Relatively Low / Relatively Moderate	$2,185
Hickory	$278,400	1982	Relatively Low / Relatively Moderate	$1,695
Hendersonville	$317,000	1987	Relatively Moderate / Relatively High	$1,895

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Frequently asked questions

How much is homeowners insurance in North Carolina?

NAIC data puts the average North Carolina homeowners (HO-3) premium at $1,852 a year, ranking 15th of 51 (1 = most expensive). The national average is $1,737.

How much is renters insurance in North Carolina?

The NAIC average renters (HO-4) premium in North Carolina is $174 a year.

What natural hazards affect home insurance in North Carolina?

FEMA's National Risk Index rates North Carolina relatively high or very high for expected annual losses from tornado, hurricane, inland (river) flooding, winter weather, strong wind, and lightning. Standard homeowners policies exclude flood and earthquake, which need separate coverage.

Does homeowners insurance cover floods in North Carolina?

No. Standard homeowners policies exclude flood damage. Flood coverage is sold separately through the National Flood Insurance Program (NFIP) or private insurers.

How we estimate this

We start from the NAIC average homeowners (HO-3) premium for the state, scale it by the ratio of the home value to the state median home value (Census ACS), adjust for construction type and deductible, and apply a hazard factor from FEMA National Risk Index scores for the county relative to the state. Results are rounded estimates, not quotes. Read the full methodology.

Sources used on this page