Homeowners in Raleigh, North Carolina, pay an average home insurance rate of $1,103. This is comparatively lower than the national average premium of $1,438. Raleigh homeowners can reduce their home insurance rates by choosing the cheapest home insurance company based on their needs. Below are the top home insurance companies in Raleigh, NC, by market share.

State Farm

State Farm holds the majority of the market share in most of the states, including North Carolina. It occupies a market share of 17.85%, with direct premiums written worth $483,717, and direct premiums earned worth $475,892. State Farm received a financial strength rating of A++ from A.M. Best for its superior financial ability in granting claims of current Raleigh policyholders. It also holds a customer satisfaction score of 4/5 from J.D. Power.

North Carolina Farm Bureau

North Carolina Farm Bureau is another prominent home insurance company in North Carolina, occupying a market share of 12.23%. It has direct premiums written worth $331,554, and direct premiums earned worth $325,550. North Carolina Farm Bureau has an excellent financial ability in granting potential claims of current Raleigh policyholders and has been awarded a rating of A from A.M. Best.

Nationwide

Nationwide holds a market share of 10.19% in North Carolina. The home insurance company has direct premiums written worth $276,205, and direct premiums earned worth $279,076. A.M. Best rated Nationwide with an A+ for its superior ability to grant potential claims of current policyholders. In terms of overall customer satisfaction, Nationwide received a score of 2/5 from J.D power.

USAA

USAA has committed itself to offer exclusive insurance services to veterans and army personnel. USAA occupies a market share of 8.30%, with direct premiums written and earned worth $224,994 and 213,017, respectively. It received a financial strength rating of A++ from A.M. Best for its superior financial ability in granting claims of current Raleigh policyholders. J.D. Power has awarded USAA with a perfect customer satisfaction score of 5/5.

Allstate

According to NAIC data, Allstate has a market share of 6.63%. It has direct premiums written worth $179,764, and direct premiums earned worth $176,021. Allstate has the superior financial ability in granting potential claims of current policyholders and has been awarded a rating of A+ from A.M. Best. It received a customer satisfaction score of 3/5 from J.D. Power.