Charlotte ,NC Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Charlotte, NC homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Charlotte, NC is $1925. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Charlotte, NC. VHome Insurance will help you navigate the world of homeowners insurance coverages in Charlotte, NC.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $770 |
| $200,000 | $1,309 |
| $300,000 | $1,617 |
| $400,000 | $2,464 |
| $500,000 | $3,099 |
Home insurance costs in Charlotte can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 028208 | $1,724 |
| 28206 | $1,738 |
| 28207 | $2,640 |
| 28203 | $2,123 |
| 28211 | $2,063 |
| 28204 | $2,006 |
| 28226 | $1,985 |
| 28270 | $1,972 |
| 28277 | $1,952 |
| 28209 | $2,001 |
| 28202 | $1,913 |
| 28210 | $1,935 |
| 28278 | $1,897 |
| 28269 | $1,796 |
| 28205 | $1,867 |
| 28273 | $1,798 |
| 28227 | $1,804 |
| 28262 | $1,801 |
| 28213 | $1,769 |
| 28215 | $1,763 |
| 28214 | $1,753 |
| 28216 | $1,758 |
| 28212 | $1,748 |
| 28217 | $1,740 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Charlotte, NC, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,974 |
| $1000 Deductible | $1,765 |
| $1500 Deductible | $1,665 |
| $2500 Deductible | $1,502 |
| $5000 Deductible | $1,271 |
| 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 |
| 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 |
| 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 |
| 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 |