Chapel Hill Insurance Rates:

Chapel Hill, NC homeowners insurance is approximately $563 to $767, about $46-$63/month. Our thorough guide indicates shoppers can save upto $266 by comparing many quotes. Enter your zipcode below and click “GO” to get multiple free quotes.

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Find Affordable Home Insurance in Chapel Hill, NC

Chapel Hill, NC, is a great place to call home. The cost of living is relatively low, and the quality of life is high. However, one important factor to consider when moving to Chapel Hill is the cost of home insurance. Home insurance is an important way to protect your investment in your home. In the event of a fire, severe weather event, or other disasters, home insurance can help you repair or rebuild your home.

The average cost of home insurance in Chapel Hill is $1558. There are a few things that you can do to help keep the cost of your home insurance down. One is to shop around and compare rates from different insurers. Another is to make sure that you have a good credit score, as this can help you qualify for discounts. Finally, you can raise your deductible, which is the amount you would pay out of pocket before your insurance policy kicks in. While the cost of home insurance in Chapel Hill is slightly below the national average, it is still important to shop around and compare rates to ensure you get the best deal. The following procedures will assist you in locating the ideal coverage at the ideal cost.

Multi-Policy Insurance

Multi-Policy Insurance is a type of insurance that allows the policyholder to insure more than one property with the same company. This can be beneficial because it can often lead to discounts on the premium and make it easier to keep track of multiple policy renewals and coverage limits. Homeowners get insurance for $1308.72 after bundling.

Safety Features

In Chapel Hill, NC, the type and number of safety features in your home can significantly impact your homeowners insurance rates. There are a variety of safety features that can help to lower your homeowners insurance premiums. One of the most important safety features is a fire alarm system. Having a fire alarm system installed in your home can help to lower your premiums by up to 10%. Other safety features include smoke detectors, sprinkler systems, and deadbolt locks. If you have any of these safety features in your home, mention them to your insurance agent. For instance, in Chapel Hill, North Carolina, homeowners with sprinkler systems and smoke detectors pay $1448.94 and $1339.88 in premiums, respectively.

Claims History

Your home insurance cost in Chapel Hill, NC, is determined by your claims history. If you have a history of filing claims, your insurance company will likely charge you more for coverage. Conversely, your insurance company will likely charge you less for coverage if you have a history of not filing claims. Insurance companies use claims history as one of many factors to determine risk and set rates. Therefore, if you want to keep your home insurance costs low, it's important to avoid filing claims. For example, in Chapel Hill, NC, homeowners with no claims history must pay a premium of $1339.88, while those who have filed one or two claims must pay premiums of $1635.9 and $1776.12, respectively.

Chapel Hill, NC Homeowners Insurance By Home Value

Chapel Hill, NC Home Value Total Homes % of Total Average Chapel Hill, NC Homeowners Insurance
Less than $50,000 699 7.0% $39
$100,000 to $124,999 458 4.0% $199
$125,000 to $149,999 447 4.0% $253
$150,000 to $174,999 829 8.0% $293
$175,000 to $199,999 570 5.0% $339
$200,000 to $249,999 1,599 16.0% $412
$250,000 to $299,999 1,462 14.0% $506
$300,000 to $399,999 3,566 36.0% $639

Top Home Insurance Agents Near Chapel Hill, NC

Home Insurance Company Near Chapel Hill, NC Homeowners Insurance Agency Near Chapel Hill, NC Address
Nationwide Brewer Insurance Group Inc. 142 Shannon Village, Louisburg, NC, 27549-2606
State Farm David Satterfield Ste 590B 165 Holt Garrison Pkwy, Danville, VA, 24540-5949
Travelers George Stevens Insurance Agency Inc 1320 HILL ST, DURHAM, NC, 27707
Travelers Hpb Insurance Group Inc 324 W WENDOVER AVE STE 110, GREENSBORO, NC, 27408
Allstate Jeremy Hathcock 817 S Fayetteville St, Asheboro, NC, 27203

Chapel Hill, NC Home Insurance Agents for Top Companies

Chapel Hill, NC Auto & Homeowners Insurance Bundling Discounts

Place 1 Car Bundle Savings On Insurance 2 Car Bundle Savings On Insurance 3 Car Bundle Savings On Insurance
Carrboro town, North Carolina $99 $132 $198
Bingham township, Orange County, North Carolina $94 $125 $188
Orange County, North Carolina $95 $127 $191

Chapel Hill, NC Area Home Insurance as a % of Housing Cost

PlaceHome insurance as a % of housing cost for homes with mortgageHome insurance as a % of housing cost for homes without mortgage
Chapel Hill, NC2.5%8.2%
Orange County2.88%10.35%

Chapel Hill Renters Insurance as a Percentage of Rent

Chapel Hill Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$200 to $299 195 1.0% $752
$300 to $499 589 3.0% $1202
$500 to $749 4,024 25.0% $1877
$750 to $999 5,824 36.0% $2627
$1,000 to $1,499 3,304 20.0% $3752
$1,500 or more 1,686 10.0% $5402

Chapel Hill, NC Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Yearly Chapel Hill Homeowner Insurance Premium Example $1,900$1,500
Out of Pocket Expense During Claim$600$2,600
Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim $15,800$14,600
Net Savings to Chapel Hill Home Owner from High Deductible Plan $1,200

Chapel Hill, NC Home Insurance Costs With Home Replacement Value Scenarios

Scenario Chapel Hill, NC Home Replacement Value MORE than Home Value Chapel Hill, NC Home Replacement Value LESS than Home Value
Replacement Value $243,000 $159,000
Insurance Premium based on Replacement Value $1,300 $850
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $45,000 Risk Exposure from Under Insuring Coverage is $39,000
Premium Impact Insurance cheaper by $200/year Insurance costlier by $250/year

Example Chapel Hill Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company Liberty MutualAmica Mutual Insurance CompanyErie Insurance
Monthly Premium 846270
Year Built 197820042014
Home Details 3 Beds, 2 Baths2 Beds, 1 Baths4 Beds, 1 Baths
Coverage Amount $300000-$350000$250000-$300000$300000-$350000
Deductible > $10,000 Deductible$5000 to $10,000 Deductible> $10,000 Deductible

Sample Home Insurance Rates for Chapel Hill, NC from Consumer Reviews & Surveys

Year Built Home Value Roof Type Sqft Number of Bedrooms Deductible Premium Premium Months Siding Type Smoker/Non Smoker
2000 400,000 Wood Shake Roof 2,520 5 $1000-$2500 Deductible 550 4 Wood siding yes
1982 300,000 Asphalt Shingles Roof 1,750 4 $500- $1000 Deductible 550 4 Stone Siding yes
1993 615,000 Metal Roof 3,340 4 $500 Deductible 2100 10 Wood siding No
2011 315,000 Membrane Roof 1,550 3 $500- $1000 Deductible 860 8 Fiber-Cement Siding yes
1978 525,000 Slate Shingles Roof 3,300 4 > $10,000 Deductible 120 1 Fiber-Cement Siding No
2011 270,000 Tile Roof 1,590 3 $2500-$5000 Deductible 1140 12 Brick siding No
1976 370,000 Metal Roof 2,190 3 $500 Deductible 500 3 Brick siding yes
2011 320,000 Slate Shingles Roof 1,720 3 $2500-$5000 Deductible 950 10 Wood siding No
2011 315,000 Composition Roof 1,550 2 $2500-$5000 Deductible 80 1 Fiber-Cement Siding No
1980 380,000 Metal Roof 2,300 4 > $10,000 Deductible 710 7 Wood siding No
1987 520,000 Asphalt Shingles Roof 2,970 4 $500 Deductible 1540 8 Stucco siding yes
1997 220,000 Metal Roof 1,340 3 > $10,000 Deductible 600 12 Stucco siding yes
2003 850,000 Slate Shingles Roof 4,390 5 $2500-$5000 Deductible 1480 7 Stucco siding yes
1970 360,000 Shingles Roof 1,660 3 > $10,000 Deductible 310 5 Vinyl siding No
2012 185,000 Slate Shingles Roof 1,020 2 $1000-$2500 Deductible 510 6 Fiber-Cement Siding yes
2012 335,000 Asphalt Shingles Roof 1,740 4 $500- $1000 Deductible 1320 9 Wood siding yes
2012 170,000 Metal Roof 980 2 $1000-$2500 Deductible 240 5 Vinyl siding yes
1989 180,000 Shingles Roof 910 2 $500 Deductible 300 5 Fiber-Cement Siding yes
2005 290,000 Composition Roof 1,610 4 $1000-$2500 Deductible 60 1 Stucco siding yes
2003 385,000 Asphalt Shingles Roof 1,770 2 > $10,000 Deductible 860 10 Brick siding yes
2003 690,000 Metal Roof 4,030 5 $2500-$5000 Deductible 2400 10 Brick siding yes
2006 615,000 Metal Roof 3,130 4 $2500-$5000 Deductible 1740 10 Wood siding No
2010 405,000 Wood Shake Roof 2,010 3 $500 Deductible 1750 12 Vinyl siding yes
1997 335,000 Composition Roof 1,740 2 $1000-$2500 Deductible 1040 9 Fiber-Cement Siding No
1999 655,000 Tile Roof 3,400 5 $5000 to $10,000 Deductible 1190 5 Fiber-Cement Siding yes
1986 395,000 Shingles Roof 2,230 4 $500- $1000 Deductible 960 5 Fiber-Cement Siding yes
1986 315,000 Shingles Roof 2,050 4 $500- $1000 Deductible 970 9 Vinyl siding No
1996 300,000 Slate Shingles Roof 1,830 4 $500 Deductible 640 4 Wood siding yes
2004 390,000 Composition Roof 1,810 3 $500 Deductible 480 3 Stone Siding No
2010 170,000 Membrane Roof 1,050 2 $500 Deductible 250 4 Wood siding yes
1996 180,000 Asphalt Shingles Roof 1,040 2 $500 Deductible 510 7 Brick siding yes
2011 445,000 Slate Shingles Roof 2,240 3 $5000 to $10,000 Deductible 1100 8 Brick siding No
1971 410,000 Composition Roof 2,600 4 > $10,000 Deductible 630 9 Wood siding No
1982 325,000 Wood Shake Roof 1,620 2 $1000-$2500 Deductible 390 3 Stone Siding No
1996 470,000 Asphalt Shingles Roof 2,794 4 $2500-$5000 Deductible 2470 7 Wood siding yes

Latest Home Insurance Reviews

State Farm
I recommend State Farm for its agents' friendliness and availability and their willingness to help. I'm not sure that it is the best option in terms of cost.
Farmer's Insurance
I give it a 5 because they have always been there for me. The customer service is awesome!!!
very copetitive rates , i payed 90$ a month i am sure i can find a better rate but i have been using geico for such a long time.
Erie Insurance
The premium and deductible are comparable to other policies with the same coverage. The premium is slightly higher, which offsets the level of the deductible.
I've been using Nationwide since i first bought my house and they have been amazing.Their customer service has been been great and their deductible policy is very similar to every other insurance company.Would definitely recommend.
State Farm
We have never needed to use them to file a claim or had any issues with the billing side. The customer service is excellent and is always there when you need a question answered.
great customer services great customer servicesgreat customer servicesgreat customer servicesgreat customer services
State Farm
Premiums and deductibles are amazing. You will not find anything cheaper out there for the coverage you get.
Liberty Mutual
My insurance gets lower every year if i avoid any situations in where i need the insurance. i pay less than my neighbors.
State Farm
They require payments on time. they have options for withdrawing monthly payments on your account, but sometimes they take it beforehand.
State Farm
I do not have anything negative to say about state farm as i have not had any major issues that caused for concern or action at this time.
State Farm
They have a loyalty discount but need to have an even better one if you've been with them for over 25 years. I don't like that they don't offer more rewards for loyalty. I wish the insurance cost less, but I could say that about anything.
State Farm
My experience with my insurance company's customer service has been nothing short of excellence as they really do have the customers concerns as their top priority and helps guide you through the whole entire process of paying your bill and explaining your bill.
The deductlble on my policy is comparible to other companies its not any lower or higher its average and im ok with that.
Travelers had the best rates out of everyone we got a quote from. We quoted with around five companies and they travelers came in under all of them with more coverage to boot.
My current home insurance company offer exactly the same coverage with my old insurance company but having the additional water back up & sump overflow.

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