Charlotte, NC homeowners insurance is about $515 to $696, about $42-$58/month. Our all inclusive research reveals consumers can save upto $242 by comparing different quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
According to the Mid-Year Crime Briefing 2021 presented by the Citywide newsroom, there were a total of 904 residential burglaries. Therefore, residents of Charlotte must take homeowners insurance into serious consideration. In order to protect yourself and your home from perils like vandalism, theft, property damage, or combustion, homeowners must avail home insurance in Charlotte. The average cost of homeowners insurance in Charlotte, NC, is $986.
The cost of the insurance is determined after considering certain factors, including the age of the home, claim history, coverage type, deductible, or the material used to build your home. VHome's research reveals special discounts that will help you save a few bucks.
Discounts Based on Deductibles
Your home insurance deductible is the amount of money you agree to pay before you can make a claim with your provider. Once you file a claim and meet your deductible, the insurance company pays the remaining balance up to their policy limit. The higher your deductible, the lower your home insurance cost.
For instance, homeowners in Charlotte who opted for a deductible of 1000 and 2000 pay $882 and $754, respectively. Compare quotes here and save on Charlotte home insurance by opting for a higher deductible.
Discounts Based on the Materials Used
Home insurance is a type of insurance that protects the owner's property against perils such as fire, theft, and natural calamities. The amount charged by the insurance company to insure a house will vary according to the materials used during the construction of the house.
For instance, homes built with hail-resistant roofs pay $956.42, whereas homes built with damage-resistant materials like Masonry and Brick pay $936.7 in Charlotte.
Discounts Based on the Age of the Home
If you're looking to buy home insurance, it's essential to know how much it will cost based on the age of your home. Age plays a crucial role in determining the cost of homeowners insurance: on average, the older your home is, the more you'll pay for coverage.
For instance, homes older than 40 and 50 years pay $1012 and 1024, respectively. On the other hand, newly built homes are less prone to damage, and home insurance companies offer considerable discounts to newly constructed homes. For instance, newly built homes in Charlotte can avail of lower insurance of $760.
Charlotte, NC Home Value | Total Homes | % of Total | Average Charlotte, NC Homeowners Insurance |
---|---|---|---|
Less than $50,000 | 4,415 | 3.0% | $84 |
$50,000 to $59,999 | 1,505 | 1.0% | $181 |
$60,000 to $69,999 | 2,579 | 1.0% | $223 |
$70,000 to $79,999 | 3,849 | 2.0% | $260 |
$80,000 to $89,999 | 5,951 | 4.0% | $296 |
$90,000 to $99,999 | 7,241 | 5.0% | $326 |
$100,000 to $124,999 | 20,042 | 13.0% | $381 |
$125,000 to $149,999 | 20,589 | 14.0% | $477 |
$150,000 to $174,999 | 19,409 | 13.0% | $562 |
$175,000 to $199,999 | 12,971 | 9.0% | $653 |
$200,000 to $249,999 | 17,460 | 12.0% | $786 |
$250,000 to $299,999 | 12,925 | 8.0% | $961 |
$300,000 to $399,999 | 15,034 | 10.0% | $1222 |
Home Insurance Company Near Charlotte, NC | Homeowners Insurance Agency Near Charlotte, NC | Address |
---|---|---|
State Farm | Dick Kay | 1501 Ebenezer Rd, Rock Hill, SC, 29732-1806 |
Nationwide | Mark Jennings Agency | 1806 E Innes St, Salisbury, NC, 28146 |
Travelers | Pinnacle Insurance Group Llc | 10021 Park Cedar Drive Suite 200, Charlotte, NC, 28210 |
Liberty Mutual Independent | Rdr Insurance Services Inc | 5960 FAIRVIEW RD STE 100, CHARLOTTE, NC, 28210 |
Travelers | Wells Fargo Ins Services Usa Inc | 6100 FAIRVIEW RD STE 1400, CHARLOTTE, NC, 28210 |
Streets in Charlotte Area | Homeowners Insurance Cost |
---|---|
Demeter Ln, Lynway Dr, Pathenon Ct, Bremerton Ct, Danforth Ln, Lobilia Ln, Dunleigh Dr, Watersreach Ln, Carnfeld Ln, Patriots Point Ln | $579 |
Goosedown Ct, Elm Bend Dr, Commons Crossing Dr, Home Pl, Fairway Point Dr, Lago Vista Ct, Ballantyne Corporate Pl, Carnoustie Ln, Deherradora Ave, Whistling Oak Ct | $637 |
Regal Oaks Dr, Chippendale Rd, Perkins Rd, Granville Rd, State Rd 2649, State Rd 3137, Fernstone Cir, Harness Ln, Calabassas Ln, Nikki Cole Dr | $586 |
E 12th St, Gaynelle Dr, Valleymoon Ln, Levins Hall Rd, W 11th St, Cherokee Rd, State Rd 3437, Hampton Heritage Dr, Clarencefield Dr, Austine Locke Way | $622 |
Trembeth Dr, Antlers Ln, Parham Pl, Emstead Ct, Redbud St, Galax Dr, Red Bluff Ct, Seymour Dr, Markworth Ave, Gaelic Pl | $595 |
Sylvia Ct, State Rd 2801, Kensington Gardens Ct, Glencairn Ct, Hugue Way, Ballanvilla Dr, Plainwood Dr, Nealwood Ln, Ingleside Dr, Wolf Trap Ct | $637 |
Cheval Pl, Battery Pl, State Rd 2548, Glasgow Rd, Elon St, Colwick Rd, Log Cabin Rd, S Cloudman St, Wilkinson Blvd, Old Meadow Rd | $574 |
Insley Ct, State Rd 3897, Shiro Ct, Holbert Cir, State Rd 2544, Brentford Dr, State Rd 2601, Chamberlain Ave, Liberty Hall Pl, Gallison Ave | $585 |
Galena View Dr, Ashton Dr, Knob Oak Ln, Volusia Ct, Jewelflower Rd, Richland Dr, State Rd 3534, Thornhaven Ct, Delman Ln, Armory Dr | $604 |
Plott Rd, Kirkley View Ct, By-Way Rd, Michael Dr, Bending Branch Rd, Trailwater Rd, Witney Ln, Snow Creek Ln, Hickory View Ln, Elkston Dr | $596 |
Place | Savings For Senior Occupied Homes |
---|---|
Charlotte | $90 to $92 |
Mecklenburg County | $91 |
Pineville | $90 |
Matthews | $93 |
Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
---|---|---|---|
Mecklenburg County, North Carolina | $76 | $101 | $152 |
Pineville town, North Carolina | $75 | $100 | $150 |
Matthews town, North Carolina | $78 | $103 | $155 |
Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
---|---|---|
Charlotte, NC | 3.5% | 11.0% |
Mecklenburg County | 3.41% | 11.2% |
Pineville | 3.91% | 11.47% |
Matthews | 3.34% | 11.46% |
Charlotte Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
---|---|---|---|
Less than $200 | 1,576 | 1.0% | $324 |
$200 to $299 | 1,800 | 1.0% | $774 |
$300 to $499 | 4,506 | 3.0% | $1224 |
$500 to $749 | 31,366 | 25.0% | $1899 |
$750 to $999 | 41,820 | 34.0% | $2649 |
$1,000 to $1,499 | 32,164 | 26.0% | $3774 |
$1,500 or more | 7,811 | 6.0% | $5424 |
Zip Code | Median Home Value | Median Homeowners Insurance |
---|---|---|
28208 | $88,300 | $580 |
28206 | $88,100 | $580 |
28207 | $763,900 | $800 |
28203 | $371,400 | $690 |
28211 | $360,900 | $690 |
28204 | $310,900 | $670 |
28226 | $284,700 | $640 |
28270 | $283,400 | $650 |
28277 | $282,000 | $650 |
28209 | $275,400 | $640 |
28202 | $269,300 | $640 |
28210 | $248,400 | $630 |
28278 | $200,600 | $620 |
28269 | $165,200 | $610 |
28205 | $161,600 | $610 |
28273 | $152,800 | $600 |
28227 | $152,400 | $610 |
28262 | $151,200 | $600 |
28213 | $139,500 | $600 |
28215 | $131,800 | $600 |
28214 | $131,100 | $600 |
28216 | $127,000 | $590 |
28212 | $119,600 | $590 |
28217 | $111,200 | $590 |
Low Deductible | High Deductible | |
---|---|---|
Deductible | $1,600 | $2,600 |
Yearly Charlotte Homeowner Insurance Premium Example | $900 | $700 |
Out of Pocket Expense During Claim | $1,600 | $2,600 |
Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $8,800 | $8,200 |
Net Savings to Charlotte Home Owner from High Deductible Plan | $600 |
Scenario | Charlotte, NC Home Replacement Value MORE than Home Value | Charlotte, NC Home Replacement Value LESS than Home Value |
---|---|---|
Replacement Value | $182,500 | $132,000 |
Insurance Premium based on Replacement Value | $1,100 | $800 |
Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $20,000 | Risk Exposure from Under Insuring Coverage is $30,500 |
Premium Impact | Insurance cheaper by $200/year | Insurance costlier by $100/year |
Insurance Company | Chubb Group of Insurance | Farmers Insurance | GEICO Insurance |
Monthly Premium | 153 | 121 | 51 |
Year Built | 2011 | 2008 | 1972 |
Home Details | 4 Beds, 1 Baths | 5 Beds, 2 Baths | 2 Beds, 1 Baths |
Coverage Amount | $350000-$400000 | $400000-$500000 | $125000-$150000 |
Deductible | $500 Deductible | $2500-$5000 Deductible | $500 Deductible |
Year Built | Home Value | Roof Type | Sqft | Number of Bedrooms | Deductible | Premium | Premium Months | Siding Type | Smoker/Non Smoker |
---|---|---|---|---|---|---|---|---|---|
1989 | 255,000 | Shingles Roof | 3,160 | 4 | $500- $1000 Deductible | 150 | 2 | Vinyl siding | yes |
2014 | 190,000 | Shingles Roof | 2,000 | 3 | $1000-$2500 Deductible | 250 | 3 | Brick siding | yes |
2009 | 180,000 | Membrane Roof | 2,000 | 3 | $1000-$2500 Deductible | 470 | 6 | Stone Siding | No |
1975 | 220,000 | Composition Roof | 2,520 | 4 | $2500-$5000 Deductible | 460 | 6 | Stucco siding | No |
2014 | 215,000 | Wood Shake Roof | 1,790 | 4 | $1000-$2500 Deductible | 430 | 7 | Wood siding | No |
2006 | 145,000 | Tile Roof | 1,290 | 2 | $500- $1000 Deductible | 250 | 6 | Brick siding | No |
1987 | 235,000 | Tile Roof | 2,190 | 4 | $500 Deductible | 820 | 8 | Fiber-Cement Siding | yes |
1976 | 400,000 | Metal Roof | 4,740 | 5 | $500 Deductible | 860 | 5 | Fiber-Cement Siding | No |
2010 | 150,000 | Wood Shake Roof | 1,350 | 3 | $2500-$5000 Deductible | 140 | 4 | Wood siding | No |
1983 | 445,000 | Composition Roof | 3,880 | 5 | $2500-$5000 Deductible | 720 | 6 | Fiber-Cement Siding | No |
1975 | 165,000 | Metal Roof | 1,820 | 3 | $500 Deductible | 180 | 4 | Brick siding | No |
2014 | 135,000 | Metal Roof | 1,610 | 2 | $500- $1000 Deductible | 620 | 12 | Wood siding | yes |
1991 | 315,000 | Asphalt Shingles Roof | 3,510 | 5 | $5000 to $10,000 Deductible | 970 | 10 | Stucco siding | No |
1977 | 390,000 | Membrane Roof | 3,370 | 5 | > $10,000 Deductible | 860 | 9 | Stone Siding | yes |
2011 | 185,000 | Wood Shake Roof | 1,610 | 5 | $2500-$5000 Deductible | 500 | 9 | Fiber-Cement Siding | No |
1990 | 470,000 | Slate Shingles Roof | 4,790 | 5 | $2500-$5000 Deductible | 150 | 1 | Brick siding | yes |
2014 | 150,000 | Slate Shingles Roof | 1,220 | 3 | $1000-$2500 Deductible | 210 | 3 | Stone Siding | yes |
1989 | 240,000 | Metal Roof | 2,020 | 4 | $500 Deductible | 220 | 2 | Vinyl siding | yes |
1979 | 240,000 | Shingles Roof | 2,100 | 3 | $500 Deductible | 1120 | 10 | Wood siding | yes |
2000 | 230,000 | Tile Roof | 2,500 | 4 | $500 Deductible | 730 | 9 | Stucco siding | No |
1981 | 145,000 | Asphalt Shingles Roof | 1,610 | 2 | $1000-$2500 Deductible | 50 | 1 | Wood siding | No |
1972 | 175,000 | Membrane Roof | 1,500 | 2 | $1000-$2500 Deductible | 460 | 9 | Vinyl siding | No |
2005 | 385,000 | Metal Roof | 3,340 | 4 | $500- $1000 Deductible | 180 | 1 | Stucco siding | yes |
1983 | 255,000 | Slate Shingles Roof | 2,440 | 5 | > $10,000 Deductible | 140 | 3 | Stucco siding | No |
1983 | 110,000 | Tile Roof | 1,150 | 2 | $500- $1000 Deductible | 30 | 1 | Brick siding | yes |
1982 | 125,000 | Shingles Roof | 1,240 | 2 | $500 Deductible | 40 | 1 | Brick siding | yes |
1974 | 240,000 | Asphalt Shingles Roof | 2,180 | 4 | $500- $1000 Deductible | 380 | 4 | Stone Siding | No |
1991 | 135,000 | Composition Roof | 1,220 | 3 | $1000-$2500 Deductible | 240 | 6 | Brick siding | yes |
2003 | 305,000 | Shingles Roof | 2,750 | 4 | $500 Deductible | 1120 | 6 | Fiber-Cement Siding | yes |
1984 | 195,000 | Composition Roof | 908 | 1 | $500 Deductible | 500 | 9 | Wood siding | yes |