Durham Insurance Rates:

Durham, NC home insurance is about $516 to $698, about $43-$58/month. Our in depth guide shows customers can save upto $242 by getting multiple quotes

Compare Quotes from Top Providers and Save now!

Durham, North Carolina Homeowners share the good, bad & ugly reviews of thier insurance providers so that you can compare quotes from the best

Durham Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Erie Insurance
Home Insurance Rate of $690/8 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $200,000

2 Beds, 2 Bath 1750 sqft Rental Property Constructed In 1980 with Hardwood Flooring, Asphalt Shingles Roof, Crawl Space Foundation, Wood siding, Stucco Construction. Home Features Include Indoor Sprinklers, Fireplace, Copper Water Pipes, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

69 Years old Single Male who is Retired with household income of $25-50,000 and has 2 Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 700-749 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $500/8 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $145,000

2 Beds, 2 Bath 1720 sqft Rental Property Constructed In 1996 with Carpet over wood flooring, Composition Roof, Chainwall Foundation, Stone Siding, Wood Frame. Home Features Include Central Air Conditioning, Indoor Sprinklers, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

70 Years old Divorced Male who is Retired with household income of $25-50,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 800-850 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $60/2 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $150,000

4 Beds, 4 Bath 1790 sqft Vacation Property Constructed In 2013 with Linoleum, Asphalt Shingles Roof, Piers Foundation, Stucco siding, Stucco Construction. Home Features Include Fireplace, Smoke Alarm, Deadbolt Locks, Swimming Pool, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

74 Years old Married Female who has a Full Time Job with household income of $25-50,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 550-599 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $1150/6 months for $500000-$600000 Coverage
Policy Holder Home Details :

Home Value : $495,000

5 Beds, 5 Baths 4520 sqft Vacation Property Constructed In 2010 with Carpet Flooring, Slate Shingles Roof, Chainwall Foundation, Fiber-Cement Siding, Metal Frame Construction. Home Features Include Deadbolt Locks, Fireplace, Central Air Conditioning, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

56 Years old Married Female who is a Freelancer with household income of less than $25,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 550-599 Credit Score

Home Insurance Rate of $130/1 month for $400000-$500000 Coverage
Policy Holder Home Details :

Home Value : $365,000

5 Beds, 5 Baths 4050 sqft Seasonal Residence Constructed In 1998 with Carpet over wood flooring, Tile Roof, Piers Foundation, Fiber-Cement Siding, Wood Frame. Home Features Include Indoor Sprinklers, Central Air Conditioning, Smoke Alarm, Deadbolt Locks, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

23 Years old Divorced Female who is a Freelancer with household income of more than $150,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 700-749 Credit Score

  • Guests at home

Home Insurance Rate of $690/8 months for $125,000-$150,000 Coverage
Policy Holder Home Details :

Home Value : $110,000

2 Beds, 2 Bath 1061 sqft Rental Property Constructed In 2006 with Linoleum, Wood Shake Roof, Slab Foundation, Fiber-Cement Siding, Metal Frame Construction. Home Features Include Smoke Alarm, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

62 Years old Single Male who is Retired and has 3 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 750-799 Credit Score

  • Seniors staying at home

  • Guests at home

Durham, NC Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
27707 $214,900 $620
27705 $209,700 $620
27712 $195,300 $610
27701 $159,600 $600
27703 $152,300 $610
27704 $140,100 $600

Durham Rates & Quotes Analysis:

Durham Area Estimated House Insurance
N Adams St, Alexander Ave, Quebec Dr, Big Horn Dr, Morning View Ct, Mainline Sta, Azalea Dr, Orion Cir, Basil Dr, Glenrose Dr$595
Flanders Dr, State Rd 2012, Galena Ct, Gunter St, Santee Rd, Mockingbird Ln, Newland Pl, State Rd 1613, Bellmeade Bay Dr, Drew St$600
Bexley Ave, Devon Rd, N Woodcrest St, Alleghany St, Curtis St, Sawmill Ln, Pony Ct, Moorgate Ln, Vermillion Dr, Gatehouse Ln$626
Newgate Ct, Oakside Ct, McKinley St, W Trinity Ave, Burbank Cir, Thorncroft Pl, Woodhall Ln, Bern St, W Trinity Ave, Dupree St$579
Omer Ln, Scottybrook Ct, Margaret Ave, E Acker Ave, Westchester Rd, Plummer Pl, State Rd 1611, Gilmore Ave, Wateree Dr, Shelly Pl$591
Belgrave Pl, Obie Dr, Patterson's Mill Rd, Kent St, S Gregson St, Stirrup Ln, Gandhi Dr, Paces Ferry Ct, Lorain Ave, Bailey St$634
State Rd 1905, E Hammond St, Clarion Bridge Way, E Peabody St, Debra Dr, Little Creek Rd, Belk St, Northcliff Dr, Marywood Dr, Huxey Glenn Ct$611
Flagstone Way, Hamlin Rd, Timbercreek Ct, Colony Rd, W Hills Dr, Elcombe Ct, Rembert Ct, Brixton Ln, McNeil Ln, W Bridlewood Trl$603
Norwich Way, Rosehill Ave, Monmouth Ave, Canadian Ct, Campus Dr, Okeefe Ct, State Rd 1809, Belmont Dr, Jeffries Rd, Gallop Ln$588
Overby Dr, Berry Bush Ln, Littlewood Ln, Magnolia Oak Pl, Georgia Ave, Preakness Dr, Tipperary Ct, S Duke St, Gwendolyn Cir, Thistlecone Way$622

Insurance rates are influenced by a number of factors including:

  • Year Built: 18,258 Homes (17% of total homes ) built between 1980 to 1989 in Durham are paying home insurance between $905-$915. Places close to Durham, NC such as Triangle, Chapel Hill, Cedar Fork are more expensive by $18, $89, $66 respectively while Oak Grove and Gorman are cheaper by $14 and $32 respectively for similar homes.
  • Bedrooms: 31,457 2 bedrooms homes (30% of total homes ) in Durham are paying about $371 and differs from Triangle (+$7), Carr (+$3), Chapel Hill (+$36), Oak Grove (-$6) and Gorman (-$14).
  • Auto Insurance Bundling: 9,355 Households (19% of all households) in Durham have 3 or more vehicles available and when it is bundled with home insurance you can save $151. Discounts for similar bundling in close by locations such as Durham County, Triangle, Oak Grove come to $151, $154, $149 respectively.
  • Senior Discounts: 18,848 seniors (more than 55 years) occupied housing units (39% of total) in Durham get discounts between $90 to $93 and varies from Durham County ($91), Triangle ($92), Oak Grove ($89).
  • New Homes discounts: New homes such as the 51,417 homes built between 2000 to 2009 in Durham can save $121 and similar new home insurance discounts in nearby towns and cities like Durham County, Triangle and Oak Grove are $121, $123 and $119 respectively.

Durham Homeowners insurance Facts

  • Durham, NC has 47,919 owner occupied houses which is 50.6% of all units whereas Durham County, Triangle and Oak Grove have 55.04%, 54.64% and 75.08% respectively.
  • Durham, NC homeowners yearly insurance price at $607 is 0.34% of the typical house value of $179,500 which is in contrast with 0.34% in Durham County, 0.29% at Triangle & 0.4% in Oak Grove.
  • Homeowners in Durham, NC pay 4.86% of their income ($10,000 to $14,999) in insurance whereas homeowners in Durham County, Triangle and Oak Grove pay 4.86%, 4.95% and 4.78% respectively.
  • Durham, NC’s insurance is 3.5% of monthly housing costs of $1,441/month, for owners with a mortgage compared to 3.5% in Durham County, 3.26% at Triangle & 3.66% in Oak Grove. But, for households without a mortgage, insurance is 11.1% of costs ($457 in Durham, NC) in contrast with 11.17% in Durham County, 9.73% at Triangle & 12.88% in Oak Grove.

Durham, NC Home Values & Insurance rates

For example, insurance for 4,571 Homes (10.0% of total homes ) valued between $250,000 to $299,999 in Durham, NC is about $928. Rates in nearby areas in such as Triangle, Carr, Lebanon are cheaper by $142, $72, $44 respectively while Oak Grove and Dutchville are costlier by $160 and $340 respectively for similar homes.

Durham, NC Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 1,173 2.0% $78
$60,000 to $69,999 630 1.0% $218
$70,000 to $79,999 839 1.0% $248
$80,000 to $89,999 1,098 2.0% $285
$90,000 to $99,999 1,216 2.0% $315
$100,000 to $124,999 4,755 10.0% $370
$125,000 to $149,999 5,959 13.0% $461
$150,000 to $174,999 7,122 15.0% $546
$175,000 to $199,999 4,769 10.0% $631
$200,000 to $249,999 7,556 16.0% $758
$250,000 to $299,999 4,571 10.0% $928
$300,000 to $399,999 4,572 10.0% $1177

Renters Insurance in Durham

  • Average Renters Insurance in Durham :  $97($8/month)

  • Median Gross Rent in Durham :  $833

  • Durham Renters Insurance to Median Rent Ratio:  0.96%

  • Renter occupied housing units in Durham :  46,725

Durham Renters Insurance as a Percentage of Rent

Durham Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 1,154 2.0% $324
$200 to $299 1,180 2.0% $774
$300 to $499 2,212 4.0% $1224
$500 to $749 13,279 29.0% $1899
$750 to $999 14,954 32.0% $2649
$1,000 to $1,499 10,426 22.0% $3774
$1,500 or more 2,405 5.0% $5424

Rent Affordability in Durham:

Approximately 44.0% (20,791) of households are spending more than 35% of their income on gross rent in Durham

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 5,456 11.0%
15.0 to 19.9 percent 5,342 11.0%
20.0 to 24.9 percent 5,335 11.0%
25.0 to 29.9 percent 5,360 11.0%
30.0 to 34.9 percent 4,441 9.0%
35.0 percent or more 20,791 44.0%

Durham Renters Insurance Discounts:

Durham Renters Insurance Discounts by Number of Vehicles in Renter Occupied Housing Units

Number of Vehicles in Durham, NC Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 23,363 50.0% $9.7
2 vehicles available 12,238 26.0% $14.55
3 or more vehicles available 3,178 6.0% $19.4

Durham Senior Citizen Discounts:

Age Senior Occupied Housing Units % of Total Discount offered
55 to 59 years 2,635 5.0% $83
60 to 64 years 1,816 3.0% $66
65 to 74 years 2,168 4.0% $54
75 years and over 2,232 4.0% $41

Protective device discount in Durham Up to :  $14

Claims-free discount in Durham Up to :  $19