Wake County, NC homeowners insurance is nearly $530 to $717, about $44-$59/month. Our detailed guide indicates shoppers can save as much as $249 by getting multiple quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
North Carolina is known for frequent hail storms, tornadoes, and other windstorms as it shares a border with the Atlantic Ocean to the east. So, home insurance is a wise investment to protect your property and safeguard yourself from substantial financial loss.
The average cost of homeowners insurance in Wake County, NC, is $1177. Homeowners insurance can be confusing as the cost of the insurance may fluctuate depending on certain factors, including the age of the home, deductible, materials used to build your home, and claim history. VHome's research reveals how insurance companies arrive at premium quotes and ways to reduce the cost of homeowners insurance in Wake County, NC.
Insurance Cost Based on the Age of the Home
The age of the home plays a significant role in determining the cost of home insurance. As homes age, so do the systems and materials that make up your home, making your home more vulnerable to property damage or structural problems.
Homes with 40 or 50 years in Wake County pay a premium of $1208 and $1222, 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 Wake County can avail of lower insurance of $930.
Refer to the chart below to know the insurance rates based on the age of the home.
Insurance Cost Based on the Deductibles
Deductible for home insurance is the amount of money you agree to pay before you can make a claim with your provider. Once the homeowner files a claim and meets their deductible, the insurance company pays the remaining balance up to their policy limit.
For instance, let us assume that as per your policy, your deductible is $2500. So here, if you make a claim with damages of $20,000, you have to pay your deductible, i.e., $2500, and the remaining balance, i.e., $17,500, will be paid by your respective insurance company.
Deductible for home insurance in Wake County may range from $845.09 to $1162.88, depending on the deductible the policyholder has opted for. So, Wake County homeowners paying a high deductible of $2500 can avail of home insurance for $845.09, whereas Wake County homeowners paying a deductible of $1500 and $2000 can avail of home insurance for $990.33 and $898.99, respectively.
Insurance Cost Based on the Claim History
Another way to reduce your premium is by maintaining a zero claim history. It is prudent that homeowners must avoid filing claims for minor problems. Whenever a homeowner submits a claim, the insurance company incurs the loss. Therefore, the greater the risk of you incurring a loss and submitting a claim, the higher your policy cost.
By providing a history of zero claims, homeowners in Wake County, NC, have to pay a premium of $1035.76, where the discount is $141.24. In contrast, policyholders with one and two claims have to pay a premium of $1235.85 and $1341.78, respectively.
|Wake County, NC Home Value||Total Homes||% of Total||Average Wake County, NC Homeowners Insurance|
|Less than $50,000||6,448||3.0%||$62|
|$80,000 to $89,999||2,335||1.0%||$224|
|$90,000 to $99,999||2,917||1.0%||$255|
|$100,000 to $124,999||13,828||7.0%||$292|
|$125,000 to $149,999||20,571||10.0%||$367|
|$150,000 to $174,999||22,850||12.0%||$436|
|$175,000 to $199,999||19,230||10.0%||$504|
|$200,000 to $249,999||33,413||17.0%||$604|
|$250,000 to $299,999||25,740||13.0%||$741|
|$300,000 to $399,999||36,071||19.0%||$940|
|Home Insurance Company Near Wake County, NC||Homeowners Insurance Agency Near Wake County, NC||Address|
|NA||West Insurance Agcy Inc||2801 Nash St Nw Ste B, Wilson, NC, 27896|
|Liberty Mutual||Burton Malcom||3120 Highwoods Blvd Ste 310, Raleigh, NC, 27604|
|Travelers||James S Vann Insurance Agency Inc||120 S Chatham Ave , Siler City, NC, 27344|
|Travelers||Rogers Insurance Agency||512 W WILLIAMS ST, APEX, NC, 27502|
|Erie||Woomer Insurance Group Inc||105 N Salem Street, Apex, NC, 27502|
|Streets in Wake County Area||Homeowners Insurance Cost|
|Harrod St, Old US Hwy 1, Legging Ln, Westra Dr, Winter Spring Dr, Clifford Rd, Feldon River Ct, Sagestone Way, Magnolia Bloom Ct, Atwater St||$602|
|Topleaf Ct, Fountainhead Dr, McDonald Ln, Harvest Mill Ct, State Rd 2928, Tan Cir, Riverside Dr, Logger Ct, Sandhurst Rd, Drakeshire Ct||$620|
|Pats Branch Dr, Taylors Farm Ct, State Rd 2235, S Meadow Rd, Redberry Ct, Old US Hwy 1, Trinity Ridge Rd, Machost Dr, Chant Dr, Pearl Rd||$609|
|Rebel Cir, Cecil's Ln, Lilac Ln, Wood Sorrel Way, Blanchard St, Boothbay Ct, Ashwell Ct, Watson Way, Old Forge Cir, N Franklin St||$645|
|Zebco Way, Early Rise St, Bern St, Preston Village Way, Eagle Trace Dr, Shandwick Ct, Covina Dr, Tassel Branch Way, Beech Wood Ct, Lawndale Dr||$605|
|Dunmore Ct, Orchard Villas Ave, Oakwater Dr, Hurst Dr, Kings Mill Pl, Long Branch Trl, Klondike Ct, State Rd 2722, Wyndchase Ct, Royal Troon Dr||$598|
|Belrose Dr, Burt Dr, Coldwater Dr, Nowell Pointe Dr, Oak Park Rd, Averell Ct, Shanley Dr, Sherburg Ct, Mockingbird Ln, W Marsha Gayle Ct||$585|
|Glen Echo Ln, Hollins Ct, Bordeaux Ln, Absher Ct, Rawls Dr, Sandy Forks Rd, Elkhorn Rd, Rondan Cir, Bolitar Dr, Langley Cir||$673|
|N Academy St, Winterlochen Rd, Perry Rd, Scott Pl, Westwick Ct, Windstar Way, State Rd 2183, Windy Hollow Ct, State Rd 2548, Wharton's Park||$623|
|Possum Track Rd, N College St, Sheffield Rd, Grissom Farm Rd, Chinkapin Pl, State Rd 2314, Indian Branch Dr, Old Murray Dr, Caminetto Ct, Sugar House St||$610|
|Place||Savings For Senior Occupied Homes|
|Wake County||$93 to $95|
|Place||1 Car Bundle Savings On Insurance||2 Car Bundle Savings On Insurance||3 Car Bundle Savings On Insurance|
|Raleigh city, North Carolina||$77||$103||$154|
|Meredith township, Wake County, North Carolina||$80||$106||$159|
|House Creek township, Wake County, North Carolina||$78||$103||$155|
|Place||Home insurance as a % of housing cost for homes with mortgage||Home insurance as a % of housing cost for homes without mortgage|
|Wake County, NC||3.3%||11.1%|
|Wake County Home By Monthly Rent||Total Homes||% of Total||Estimated Monthly Income To Afford Rented House Including Renters Insurance|
|Less than $200||1,304||1.0%||$318|
|$200 to $299||1,636||1.0%||$768|
|$300 to $499||4,303||3.0%||$1218|
|$500 to $749||22,662||19.0%||$1893|
|$750 to $999||43,898||38.0%||$2643|
|$1,000 to $1,499||31,332||27.0%||$3768|
|$1,500 or more||8,503||7.0%||$5418|