Durham ,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 Durham, 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 Durham, NC is $1931. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Durham, NC. VHome Insurance will help you navigate the world of homeowners insurance coverages in Durham, NC.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $772 |
| $200,000 | $1,313 |
| $300,000 | $1,622 |
| $400,000 | $2,472 |
| $500,000 | $3,109 |
Home insurance costs in Durham 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 |
|---|---|
| 027707 | $1,847 |
| 27705 | $1,871 |
| 27712 | $1,833 |
| 27701 | $1,897 |
| 27703 | $1,825 |
| 27704 | $1,759 |
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 Durham, NC, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,980 |
| $1000 Deductible | $1,771 |
| $1500 Deductible | $1,670 |
| $2500 Deductible | $1,506 |
| $5000 Deductible | $1,274 |
| Home Insurance Company Near Durham, NC | Homeowners Insurance Agency Near Durham, NC | Address |
|---|---|---|
| Liberty Mutual | Steve Breagy | 3120 Highwoods Blvd Ste 310, Raleigh, NC, 27604 |
| Travelers | Surevest Insurance Group | 1033 Oberlin Rd Ste 210, Raleigh, NC, 27605 |
| Erie | The Young Group Of Fuquay | 411 N Judd Parkway Ne Ste A, Fuquay-Varina, NC, 27526 |
| NA | Insurance Unlimited/Unlimited Benefits, Inc. | 310 E Johnston St, Smithfield, NC, 27577 |
| NA | Citizen's Insurance Agency Of Greensboro | 1025 E Wendover Ave, Greensboro, NC, 27405 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Durham County, North Carolina | $76 | $101 | $151 |
| Triangle township, Durham County, North Carolina | $77 | $103 | $154 |
| Oak Grove township, Durham County, North Carolina | $75 | $99 | $149 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Durham, NC | 3.5% | 11.1% |
| Durham County | 3.5% | 11.17% |
| Triangle | 3.26% | 9.73% |
| Oak Grove | 3.66% | 12.88% |
| Durham Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 1,154 | 2.0% | $324 |
| $200 to $299 | 1,180 | 2.0% | $774 |
| $300 to $499 | 2,212 | 4.0% | $1224 |
| $500 to $749 | 13,279 | 29.0% | $1899 |
| $750 to $999 | 14,954 | 32.0% | $2649 |
| $1,000 to $1,499 | 10,426 | 22.0% | $3774 |
| $1,500 or more | 2,405 | 5.0% | $5424 |
| Streets in Durham Area | Homeowners Insurance Cost |
|---|---|
| N Adams St, Alexander Ave, Quebec Dr, Big Horn Dr, Morning View Ct, Mainline Sta, Azalea Dr, Orion Cir, Basil Dr, Glenrose Dr | $595 |
| Flanders Dr, State Rd 2012, Galena Ct, Gunter St, Santee Rd, Mockingbird Ln, Newland Pl, State Rd 1613, Bellmeade Bay Dr, Drew St | $600 |
| Bexley Ave, Devon Rd, N Woodcrest St, Alleghany St, Curtis St, Sawmill Ln, Pony Ct, Moorgate Ln, Vermillion Dr, Gatehouse Ln | $626 |
| Newgate Ct, Oakside Ct, McKinley St, W Trinity Ave, Burbank Cir, Thorncroft Pl, Woodhall Ln, Bern St, W Trinity Ave, Dupree St | $579 |
| Omer Ln, Scottybrook Ct, Margaret Ave, E Acker Ave, Westchester Rd, Plummer Pl, State Rd 1611, Gilmore Ave, Wateree Dr, Shelly Pl | $591 |
| Belgrave Pl, Obie Dr, Patterson's Mill Rd, Kent St, S Gregson St, Stirrup Ln, Gandhi Dr, Paces Ferry Ct, Lorain Ave, Bailey St | $634 |
| State Rd 1905, E Hammond St, Clarion Bridge Way, E Peabody St, Debra Dr, Little Creek Rd, Belk St, Northcliff Dr, Marywood Dr, Huxey Glenn Ct | $611 |
| Flagstone Way, Hamlin Rd, Timbercreek Ct, Colony Rd, W Hills Dr, Elcombe Ct, Rembert Ct, Brixton Ln, McNeil Ln, W Bridlewood Trl | $603 |
| Norwich Way, Rosehill Ave, Monmouth Ave, Canadian Ct, Campus Dr, Okeefe Ct, State Rd 1809, Belmont Dr, Jeffries Rd, Gallop Ln | $588 |
| Overby Dr, Berry Bush Ln, Littlewood Ln, Magnolia Oak Pl, Georgia Ave, Preakness Dr, Tipperary Ct, S Duke St, Gwendolyn Cir, Thistlecone Way | $622 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Durham | $90 to $93 |
| Durham County | $91 |
| Triangle | $92 |
| Oak Grove | $89 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,700 | $3,700 |
| Yearly Durham Homeowner Insurance Premium Example | $1,500 | $1,100 |
| Out of Pocket Expense During Claim | $1,700 | $3,700 |
| Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim | $12,200 | $11,400 |
| Net Savings to Durham Home Owner from High Deductible Plan | $800 | |
| Scenario | Durham, NC Home Replacement Value MORE than Home Value | Durham, NC Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $91,000 | $52,000 |
| Insurance Premium based on Replacement Value | $425 | $250 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $22,500 | Risk Exposure from Under Insuring Coverage is $16,500 |
| Premium Impact | Insurance cheaper by $75/year | Insurance costlier by $100/year |
| Insurance Company | Liberty Mutual | Allstate | State Farm |
| Monthly Premium | 85 | 77 | 49 |
| Year Built | 1994 | 2007 | 1975 |
| Home Details | 5 Beds, 1 Baths | 3 Beds, 1 Baths | 2 Beds, 1 Baths |
| Coverage Amount | $250000-$300000 | $150000-$175000 | $125000-$150000 |
| Deductible | $1000-$2500 Deductible | $500 Deductible | $1000-$2500 Deductible |