Charlotte, NC Home Insurance - Analysis On Quotes, Rates & Agents
Charlotte Insurance Rates:
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.
Average Cost of Homeowners Insurance in Charlotte
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 Homeowners Insurance By Home Value
| 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 |
Top Home Insurance Agents Near Charlotte, NC
| 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 |
Charlotte, NC Home Insurance Agents for Top Companies
Cost Of Homeowners Insurance By Street Near Charlotte, NC
| 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 |
Charlotte, NC Home Insurance Savings For Senior Occupied Homes
| Place | Savings For Senior Occupied Homes |
|---|---|
| Charlotte | $90 to $92 |
| Mecklenburg County | $91 |
| Pineville | $90 |
| Matthews | $93 |
Charlotte, 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 |
|---|---|---|---|
| Mecklenburg County, North Carolina | $76 | $101 | $152 |
| Pineville town, North Carolina | $75 | $100 | $150 |
| Matthews town, North Carolina | $78 | $103 | $155 |
Charlotte, NC Area Home Insurance as a % of Housing Cost
| 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 Renters Insurance as a Percentage of Rent
| 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 |
Charlotte, NC Homeowners Insurance by Zip Code
| 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 |
Charlotte, NC Home Insurance Costs With Deductible Scenario
| 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 | |
Charlotte, NC Home Insurance Costs With Home Replacement Value Scenarios
| 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 |
Example Charlotte Homeowners Insurance Comparison Table to Compare The Cheapest Quotes
| 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 |
Sample Home Insurance Rates for Charlotte, NC from Consumer Reviews & Surveys
| 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 |
Latest Home Insurance Reviews
GeicoI would definitely recommend GEICO to my friends and family. I have actually in the past on multiple occasions recommended GEICO to people who have mentioned they were shopping around for an insurance company.
State FarmI would recommend this company. I have had no reasons to change companies or to be dissatisfied with their service.
Erie InsuranceSometimes erie insurance charges too high of a premium for their services, and sometimes i feel that claims are too difficult to submit.
AllstateI would recommend because they have very good rate, I don't because their work is not good.
ProgressiveI would recommend Progressive insurance company to other because they have outstanding customer service, their bundle package and because it a great company that will give you what you need at a great price.
The HartfordI have been with the Hartford car and Home insurance for more than 10 years and very satisfied. They really took good care of me when I filed a claim on my home.I have had no problems with The Hartford Insurance.
AllstateThe packages are encouraging and i can recommend it to someone in need of it. The home insurance are well to do and its not expensive, which makes it comfortable to subscribe to.
Progressiveit was good, they are always helpful and courteous. they are also easy to contact which is great. would definitely recommend.
Universal Property & Casualty Insurance CompanyMy policy is fairly standard to other insurers. I am satisfied with the coverages and premiums.
ProgressiveI would recommend progressive insurance to my friends and family because they have always taken care of us. Our home insurance gives us peace of mind.
Liberty MutualThey are responsive to my needs and assist me helpfully and nicely when I call with any questions or concerns on my current plan.
GeicoI think Geico overall has decent customer service it is easy to get in touch with people. I do get put on hold for long periods of time when I call.
Allstatethey provide a decent service on insurance and they respond in proper manner, whenever i need a claim support they quickly respond and helped me to get the claim.
Travelersi got the best experience with my home insurance is cool, and i love it. there policies are friendly to adopt from from all the states.all should try it
GeicoI have been with Geico for the past 6 years and enjoy the coverage they provide and would completely recommend this insurance company to anyone and everyone.
Liberty MutualThey make it very difficult to figure out exactly what you're paying for each aspect of the insurance.
Copeland GroupI like copeland group because i personally know many of the people who work there and know that they conduct business fairly and accurately.
State FarmThe office is near to my home with an agent who knows me personally and helps me right away with whatever I need.
North Carolina Farm BureauIf we were to encounter a true emergency on a weekend or beyond usual business hours, we might have to wait for over two and a half days to get in touch with our agent.
GeicoGeico's premium is one of the lowest out there, The coverage is better than most, I get more bang for my buck with them
Farmer's InsuranceThe Farmers Insurance website is functional and easy to navigate. I can always find the information I need without spending much time looking for it.
Liberty MutualThe company is friendly, helpful, and their rates are good. I don't have any complaints. The response time to claims or phone calls in my experience has been better than any home insurance company I had before.
New Jersey Skylands InsuranceNo complaints, every year prior to renewal they send me a package with details of my coverage and a questionnaire to answer to see if I want to change my coverage. I find this helpful.
Erie InsuranceI like the company's website. I like that I am able to pay my premiums on the website. I like the useful articles.
State FarmI think that it is easily navigated. It is easy to find my link to pay my bills online. Though it is hard to look at my policies easily to make sure that we are currently where we would like to stand with our coverage.
ProgressiveNow, the premiums have gone up and they are less likely to provide a competitive value for personal property replacement. The customer service is not always in the United States. The customer service is slow. The coverage has been decreased.
AllstateThe customer service dept. is easy to reach and I find them to be very knowledgeable and helpful to deal with
GeicoI enjoy that I can access my account online. I make payments online and I can adjust all my coverage online without having to talk to someone.
Liberty Mutuali like the customer service response and how fast they are in solving issues or problems I encounter and makes me feel at home with them
AllstateI like that customer service is always nice. I appreciate that my local office is extremely nice as well, they are what is keeping my business.
State FarmBased solely on how State Farm took care of us and quickly worked to get us money to replace my wife's bike, I'd highly recommend them.
State FarmThe customer service has been very good, when you call you get an person to help you quickly and they have always been nice and polite. They always have solved my problems and they cost about as much as any place else.
GeicoI would recommend Geico to anyone shopping for a home owner's insurance because of their rates. They have some of the best rates in the industry and comer service is great. If you have a claim, they are very quick to resolve it and they seem to take it very seriously.
AllstateI RECOMMEND MY HOME INSURANCE COMPANY BECAUSE IN THIS COMPANY MANY STAFFS COOPERATIVE TO THEIR CUSTOMERS AND ALSO I RECOMMEND MY COMPANY TO MY FAMILY AND FRIENDS.
AllstateAlthough this company has many things which I wished they would change. they are inexpensive and attempt to do their best. The salespeople they have are not the best but other than that I enjoy the service.
AllstateWe are pretty satisfied with our coverage policy. I think the policy is pretty straight forward and easy to read. We feel safe that our home is protected.
ProgressiveI like the kind overall, they have been very helpful and after the long period of time, my insurance has become much cheaper than when I originally bought it. I think customer service is fantastic and easy to contact.
State FarmHas done everything we could want an insurance company to do. Haven't had to use it much over the many years but know it will be a great experience if we do.