Fayetteville ,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 Fayetteville, 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 Fayetteville, NC is $1818. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Fayetteville, NC. VHome Insurance will help you navigate the world of homeowners insurance coverages in Fayetteville, NC.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $727 |
| $200,000 | $1,236 |
| $300,000 | $1,527 |
| $400,000 | $2,327 |
| $500,000 | $2,927 |
Home insurance costs in Fayetteville 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 |
|---|---|
| 028305 | $1,763 |
| 28311 | $1,735 |
| 28306 | $1,752 |
| 28314 | $1,722 |
| 28304 | $1,708 |
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 Fayetteville, NC, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,864 |
| $1000 Deductible | $1,667 |
| $1500 Deductible | $1,573 |
| $2500 Deductible | $1,418 |
| $5000 Deductible | $1,200 |
| Home Insurance Company Near Fayetteville, NC | Homeowners Insurance Agency Near Fayetteville, NC | Address |
|---|---|---|
| NA | First Bank Insurance Services, Inc. | 580 Sw Broad St , Southern Pines, NC, 28387 |
| Nationwide | Brian V Barber | 6244 Tryon Road, Cary, NC, 27518 |
| Travelers | Cox Insurance Agency-Sag | 102 BILTMORE DRIVE, ROCKINGHAM, NC, 28379 |
| Travelers | Eloise Moore & Associates | 104-A S JOHNSON ST, BENSON, NC, 27504 |
| Nationwide | Michael Glick Agency Inc | 317 N Main St, Laurinburg, NC, 28352 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Seventy-First township, Cumberland County, North Carolina | $74 | $98 | $147 |
| Cross Creek township, Cumberland County, North Carolina | $74 | $99 | $148 |
| Manchester township, Cumberland County, North Carolina | $72 | $96 | $144 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Fayetteville, NC | 4.1% | 11.6% |
| Seventy-First | 4.07% | 11.92% |
| Cross Creek | 3.93% | 11.02% |
| Manchester | 4.49% | 13.51% |
| Fayetteville Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 702 | 1.0% | $331 |
| $200 to $299 | 509 | 1.0% | $781 |
| $300 to $499 | 2,207 | 6.0% | $1231 |
| $500 to $749 | 8,829 | 24.0% | $1906 |
| $750 to $999 | 12,165 | 34.0% | $2656 |
| $1,000 to $1,499 | 10,206 | 28.0% | $3781 |
| $1,500 or more | 1,091 | 3.0% | $5431 |
| Streets in Fayetteville Area | Homeowners Insurance Cost |
|---|---|
| Tarrytown Rd, Wicklow Pl, Future St, Cape Fear Ave, Anona Dr, Creed St, Saraya Dr, E Jenkins St, Seaford Dr, Holmfield Rd | $565 |
| Brandts Ln, Cashiers Ln, Evanston St, Sandwedge Dr, Nesbit Rd, Snowhill Church Rd, Pigeon House Ct, Fair St, Agnes Scott Ct, Lansing Ct | $622 |
| Morley Dr, McRae Dr, Lismore Ln, Senoma Pl, Shadowmoss Dr, Tayberry Ct, Royal St, Oakmont Cir, Holmfield Dr, Goldberg St | $610 |
| Indian Dr, Foxcroft Dr, Bangle St, Jossie St, Abraham Ave, Alder Rd, Eva Wallace Rd, Quailmeadow Dr, Whitney Dr, Jet Cir | $578 |
| Weiskopf Ct, E Lochhaven Dr, Corrinna St, Fletcher Ave, Midhurst Ct, Burgoyne Ct, Milan Rd, State Rd 2010, Ferncreek Pl, Utopia Ct | $578 |
| Devers St, Norberry Ct, Wilmington Hwy, Trenton Rd, Sycamore Dairy Rd, Beverly Dr, Joyce St, Villa Dr, Franzia Dr, Snow Cir | $610 |
| Shep Dr, Duke St, Lilac Ct, Hamilton St, State Rd 1132, Calamar Dr, State Rd 1800, Summer Duck Rd, Wyatt Ct, Drexel Rd | $597 |
| Hopper Rd, Hagley Ct, Town & Country Dr, McCormick Bridge Rd, Jeff St, Sam Cameron Ave, McNair Cir, Chadborne Dr, Oleander Ct, Aloine Ln | $587 |
| Maude St, Loufield Dr, Elkhorn Dr, Gorham Aly, Hutton Pl, Morehead Ave, Darby St, Nuthatch Rd, Ashburton Dr, Alva Cir | $584 |
| Yuma Ct, Silver Oaks Dr, State Rd 1881, Spring St, Stonington Dr, Lockridge Rd, Wakefield Dr, Brookhaven Dr, Westerly Dr, Bridger St | $586 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Fayetteville | $88 to $90 |
| Seventy-First | $88 |
| Cross Creek | $89 |
| Manchester | $86 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,200 | $2,200 |
| Yearly Fayetteville Homeowner Insurance Premium Example | $800 | $600 |
| Out of Pocket Expense During Claim | $1,200 | $2,200 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $7,600 | $7,000 |
| Net Savings to Fayetteville Home Owner from High Deductible Plan | $600 | |
| Scenario | Fayetteville, NC Home Replacement Value MORE than Home Value | Fayetteville, NC Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $157,500 | $114,500 |
| Insurance Premium based on Replacement Value | $775 | $550 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $12,500 | Risk Exposure from Under Insuring Coverage is $30,500 |
| Premium Impact | Insurance cheaper by $150/year | Insurance costlier by $75/year |
| Insurance Company | Liberty Mutual | Nationwide Insurance | GEICO Insurance |
| Monthly Premium | 48 | 91 | 113 |
| Year Built | 2012 | 1992 | 1981 |
| Home Details | 3 Beds, 1 Baths | 4 Beds, 1 Baths | 5 Beds, 3 Baths |
| Coverage Amount | $100000-$125000 | $200000-$250000 | $350000-$400000 |
| Deductible | $500- $1000 Deductible | $500 Deductible | $2500-$5000 Deductible |