Greensboro ,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 Greensboro, 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 Greensboro, NC is $1845. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Greensboro, NC. VHome Insurance will help you navigate the world of homeowners insurance coverages in Greensboro, NC.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $738 |
| $200,000 | $1,255 |
| $300,000 | $1,550 |
| $400,000 | $2,362 |
| $500,000 | $2,970 |
Home insurance costs in Greensboro 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 |
|---|---|
| 027408 | $1,824 |
| 27410 | $1,813 |
| 27455 | $1,826 |
| 27403 | $1,759 |
| 27407 | $1,741 |
| 27406 | $1,724 |
| 27409 | $1,726 |
| 27401 | $1,698 |
| 27405 | $1,703 |
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 Greensboro, NC, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,892 |
| $1000 Deductible | $1,692 |
| $1500 Deductible | $1,596 |
| $2500 Deductible | $1,439 |
| $5000 Deductible | $1,218 |
| Home Insurance Company Near Greensboro, NC | Homeowners Insurance Agency Near Greensboro, NC | Address |
|---|---|---|
| Erie | Breeden Insurance Services Inc. | 12200 N Nc Hwy 150, Ste #5 Winston Salem, Winston-Salem, NC, 27127 |
| Travelers | Business Insurers Of The Carolinas | 800 EASTOWNE DR 208, CHAPEL HILL, NC, 27514 |
| State Farm | Pam Herndon | 104 S Estes Dr Ste 105, Chapel Hill, NC, 27514-2866 |
| Nationwide | William A Wells Iiilutcf | 708 Mount Cross Rd Suite A, Danville, VA, 24540-5904 |
| Travelers | Worldwide Ins Net Inc-Va | 4121 BEACHWOOD DR, GREENSBORO, NC, 27410 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Morehead township, Guilford County, North Carolina | $75 | $100 | $150 |
| Guilford County, North Carolina | $75 | $99 | $149 |
| Gilmer township, Guilford County, North Carolina | $73 | $97 | $146 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Greensboro, NC | 4.0% | 12.0% |
| Morehead | 3.79% | 11.32% |
| Guilford County | 3.82% | 12.57% |
| Gilmer | 4.42% | 14.34% |
| Greensboro Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 907 | 1.0% | $328 |
| $200 to $299 | 1,746 | 3.0% | $778 |
| $300 to $499 | 4,512 | 9.0% | $1228 |
| $500 to $749 | 18,801 | 38.0% | $1903 |
| $750 to $999 | 14,420 | 29.0% | $2653 |
| $1,000 to $1,499 | 7,110 | 14.0% | $3778 |
| $1,500 or more | 1,253 | 2.0% | $5428 |
| Streets in Greensboro Area | Homeowners Insurance Cost |
|---|---|
| Hastings Cir, E Washington St, State Rd 2811, Pear Tree Ct, Bashkir Way, Albany St, Westhaven Dr, Tory Hill Dr, Settlers Ln, Commercial Rd | $612 |
| King George Ct, Yester Oaks Ct, Garrett St, Ruffin Rd, Robert Porcher Way, Beech Grove Ct, Caraway Ct, Meadow Rock Rd, Alma St, Parkmont Ct | $599 |
| Crestridge Rd, Oakwood Dr, Jr Ln, Rollins St, Cranbourn Ct, White Oak Ct, Beatle Dr, Saturn Dr, Stoneburg Ct, Westerborne Dr | $587 |
| Clarinda, Brookbank Rd, Byers Ridge Dr, Rankin Rd, Wild Poplar Way, Tarr Dr, Autumn Hills Dr, Gorrell St, Satterfield Pl, Ruddy Duck Dr | $647 |
| Donlora Dr, Merlot Way, Southview Dr, Alice Ave, Seven Gates Dr, Pearview Dr, Shore Lake Dr, Erskine Dr E, Fairfield Ave, Amos Dr | $604 |
| State Rd 3413, Cedar Trail Ct, State Rd 2705, Bernau Ave, Bogart St, Remora Rd, Silverbriar Ct, Owls Roost Ct, Sullivan's Lake Dr, Millpoint Rd | $611 |
| State Rd 2339, Estate Dr, Portage Rd, Picard St, Mack St, Buffalo Tom Dr, Patterson St, Yunoka Ln, Millhouse Ct, Derry Dr | $595 |
| Westgate Dr, Benbow-Merrill Rd, Edgewood Dr, Oak Nut Dr, Jackson School Rd, Fuller St, State Rd 1127, Turk Pl, W J J Dr, Wetherburn Way | $650 |
| Brookway Dr, Eastridge Rd, Cezanne Dr, Bardwell Rd, E Montcastle Dr, Cypress Grove Ln, Rougon Dr, Leaning Tree Dr, Nicholas Rd, Frazier Rd | $605 |
| Side Aly, Pyracantha Ct, Quaker Landing Rd, State Rd 1001, New Avedon Dr, Callan Dr, Cornerrock Dr, Dartmouth St, State Rd 2011, Quail Cove Ct | $623 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Greensboro | $89 to $91 |
| Morehead | $90 |
| Guilford County | $89 |
| Gilmer | $87 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,000 | $3,000 |
| Yearly Greensboro Homeowner Insurance Premium Example | $1,100 | $700 |
| Out of Pocket Expense During Claim | $1,000 | $3,000 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $9,800 | $8,600 |
| Net Savings to Greensboro Home Owner from High Deductible Plan | $1,200 | |
| Scenario | Greensboro, NC Home Replacement Value MORE than Home Value | Greensboro, NC Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $90,000 | $62,000 |
| Insurance Premium based on Replacement Value | $425 | $300 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $9,000 | Risk Exposure from Under Insuring Coverage is $19,000 |
| Premium Impact | Insurance cheaper by $100/year | Insurance costlier by $25/year |
| Insurance Company | GEICO Insurance | Amica Mutual Insurance Company | Nationwide Insurance |
| Monthly Premium | 90 | 38 | 45 |
| Year Built | 2014 | 2007 | 1965 |
| Home Details | 3 Beds, 1 Baths | 5 Beds, 4 Baths | 2 Beds, 1 Baths |
| Coverage Amount | $175000-$200000 | $125000-$150000 | $150000-$175000 |
| Deductible | $500 Deductible | $2500-$5000 Deductible | $2500-$5000 Deductible |