Raleigh ,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 Raleigh, 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 Raleigh, NC is $1950. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Raleigh, NC. VHome Insurance will help you navigate the world of homeowners insurance coverages in Raleigh, NC.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $780 |
| $200,000 | $1,326 |
| $300,000 | $1,638 |
| $400,000 | $2,496 |
| $500,000 | $3,140 |
Home insurance costs in Raleigh 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 |
|---|---|
| 027608 | $2,239 |
| 27605 | $1,936 |
| 27614 | $1,959 |
| 27607 | $2,024 |
| 27613 | $1,940 |
| 27612 | $1,940 |
| 27615 | $1,914 |
| 27606 | $1,894 |
| 27609 | $1,913 |
| 27603 | $1,834 |
| 27616 | $1,807 |
| 27601 | $1,948 |
| 27604 | $1,791 |
| 27610 | $1,767 |
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 Raleigh, NC, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,999 |
| $1000 Deductible | $1,788 |
| $1500 Deductible | $1,687 |
| $2500 Deductible | $1,521 |
| $5000 Deductible | $1,287 |
| Home Insurance Company Near Raleigh, NC | Homeowners Insurance Agency Near Raleigh, NC | Address |
|---|---|---|
| State Farm | Brian Rothert | 2001 Wide Waters Pkwy, Knightdale, NC, 27545-7324 |
| Allstate | Glenn Slifker | 825 Perry Rd, Apex, NC, 27502 |
| Travelers | Jimmy Jones Insurance Agency | 6204 MAIN ST, BAILEY, NC, 27807 |
| Nationwide | Michael Glick Agency Inc | 508 West Harden St - STE B, Graham, NC, 27253-2170 |
| Allstate | Raymond Collins | 1777 Fordham Blvd Ste 101, Chapel Hill, NC, 27514 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Wake County, North Carolina | $78 | $103 | $155 |
| House Creek township, Wake County, North Carolina | $78 | $103 | $155 |
| Meredith township, Wake County, North Carolina | $80 | $106 | $159 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Raleigh, NC | 3.5% | 10.5% |
| Wake County | 3.25% | 11.12% |
| House Creek | 3.37% | 10.53% |
| Meredith | 2.93% | 11.26% |
| Raleigh Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 790 | 1.0% | $320 |
| $200 to $299 | 1,182 | 1.0% | $770 |
| $300 to $499 | 2,732 | 3.0% | $1220 |
| $500 to $749 | 16,068 | 22.0% | $1895 |
| $750 to $999 | 28,580 | 39.0% | $2645 |
| $1,000 to $1,499 | 19,004 | 26.0% | $3770 |
| $1,500 or more | 4,625 | 6.0% | $5420 |
| Streets in Raleigh Area | Homeowners Insurance Cost |
|---|---|
| Noble Rd, Stemmons Ct, Delco Ct, Hillston Ridge Rd, Ashley Ridge Dr, Common Oaks Dr, Olson Dr, Watkins Rd, Whisperwood Dr, Nowell Rd | $656 |
| Taymouth Ct, Lorraine Rd, Blalock Ct, Pasquotank Dr, Shillingstone Pl, Sherborne Pl, Valley Ct, Hudson Ct, River Lake Cir, Willington Pl | $753 |
| Burleigh Manor Dr, S State St, Bartholomew Cir, Beret Ct, Great Meadows Ct, Ramseur St, Hardimont Rd, Meeting House Cir, Bryan Pl, Evergreen Chase Way | $591 |
| Castain Dr, Massey Wood Trl, State Rd 1789, Heather Garden Way, Centway Park Dr, Burt Dr, Billingham Ct, Corning Rd, Strath Ln, Jasmine Cove Way | $659 |
| Powis Cir, Seaboard Ave, Brady Hollow Way, Pastille Ln, Willow Creek Dr, Viewmont Dr, Marshall Brae Dr, Mine Valley Rd, Lake Moraine Pl, State Rd 1006 | $595 |
| Poplar Dr, Lydford Pl, Creel Ct, Downs Ct, Galax Dr, Lakeside Ter, Hillcrest Rd, Stadler Dr, Pullen Rd, Loon Ln | $598 |
| Bobbitt Dr, Kushima Ct, Noel Ct, Stringbean Rd, Bentpine Dr, Serendipity Dr, Sugar Maple Ct, Thrush Ridge Ln, Katharina Ct, Buckridge Ct | $610 |
| Lead Crystal Ct, Sitwell Ct, Mill Rock Ln, Walters Dr, Centennial Woods, Elmhurst Ridge Ct, Mt Herman Rd, Trusty Trl, Attingham Dr, Dawnbrook Dr | $604 |
| Franks Dr, Davis St, Hawksmoor Dr, Dallas St, State Rd 2577, Stonewall Dr, Rampart St, Royal Birkdale Dr, Casona Way, Heritage View Trl | $636 |
| Saint Lenville Dr, Coxindale Dr, Doverton Ct, Woodtrail Ln, N Radner Way, Maylands Ave, Angel Falls Rd, Mainstream Dr, Wilders Grove Ln, Deep Hollow Dr | $665 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Raleigh | $92 to $94 |
| Wake County | $93 |
| Meredith | $95 |
| Neuse | $92 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $700 | $1,700 |
| Yearly Raleigh Homeowner Insurance Premium Example | $1,100 | $900 |
| Out of Pocket Expense During Claim | $700 | $1,700 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $9,500 | $8,900 |
| Net Savings to Raleigh Home Owner from High Deductible Plan | $600 | |
| Scenario | Raleigh, NC Home Replacement Value MORE than Home Value | Raleigh, NC Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $434,500 | $308,000 |
| Insurance Premium based on Replacement Value | $2,575 | $1,825 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $87,000 | Risk Exposure from Under Insuring Coverage is $39,500 |
| Premium Impact | Insurance cheaper by $250/year | Insurance costlier by $500/year |
| Insurance Company | Allstate | Nationwide Insurance | Amica Mutual Insurance Company |
| Monthly Premium | 92 | 70 | 101 |
| Year Built | 1985 | 1991 | 2007 |
| Home Details | 3 Beds, 1 Baths | 4 Beds, 1 Baths | 5 Beds, 2 Baths |
| Coverage Amount | $250000-$300000 | $350000-$400000 | $300000-$350000 |
| Deductible | $2500-$5000 Deductible | > $10,000 Deductible | $1000-$2500 Deductible |