Homeowners in Durham, North Carolina, pay an average home insurance rate of $1,011. The state of North Carolina is known for relatively low home insurance rates, with the average being $894. Below is a list of discounts offered to Durham homeowners, which they can use to further reduce their home insurance rates.
Home insurance companies provide discounts to Durham homeowners based on the construction materials used to build the house. Durham homes that are built using sturdy materials make them more resistant to damage, earning them considerable discounts from home insurance companies. For example, Durham homes constructed using fire-resistive materials and superior materials get discounts of $131 and $101, respectively, on their homeowners insurance. Homes built using masonry and brick earn a discount of $51, while homes that have a hail resistant roof get a $20 discount.
Newly constructed Durham homes can avail of discounts of up to $263 on homeowners insurance. New homes have less propensity to damage. As a result, home insurance companies offer substantial discounts to newly built homes. On the other hand, older homes attract higher insurance rates. The average home insurance rates of Durham homes older than 40 years and 50 years are $1,037 and $1,060, respectively.
Durham has a property crime rate of 36.99 per 1,000 residents. The city has witnessed 2,256 burglaries at a rate of 8.22 per 1,000 residents. In the best interest of protecting their investments, home insurance companies offer discounts to homes installed with safety devices. For instance, Durham homes with deadbolts and fire extinguishers can avail of a discount of $91 and $71, respectively, on homeowners insurance. Homes installed with burglar alarms and smoke detectors receive a discount of $91 and $131, respectively, on homeowners insurance.
Home insurance companies provide special discounts to Durham homeowners based on their profession. Teachers, army personnel, and federal government employees can avail of special discounts on homeowners insurance. Also, senior homeowners in Durham can avail of discounts of up to $142 on homeowners insurance. Home insurance companies provide discounts to homeowners, depending on their claims history. Home insurance rates in Durham can increase by up to $121 based on the type and number of claims. Durham homeowners with a claims-free history can avail of discounts of up to $142 on home insurance.