Wake Forest, NC Home Insurance - Analysis On Quotes, Rates & Agents
Wake Forest Insurance Rates:
Wake Forest, NC homeowners insurance is roughly $529 to $720, about $44-$60/month. Our comprehensive guide shows customers can save as much as $250 by comparing multiple quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
Average Cost of Homeowners Insurance in Wake Forest, NC
As a homeowner, it’s important to have quality home insurance to protect your property and possessions. Home insurance coverage can protect your house from several threats, such as fire, wind damage, theft, and others. If your house is damaged or destroyed, it might also help with the cost of repairs or replacement. The average cost of home insurance in Wake Forest is $1,204. Home insurance rates can vary greatly depending on your home’s value, age and location, and the amount of coverage you need.
To get the best deal on home insurance in Wake Forest, it’s important to shop around and compare rates from multiple insurers. When comparing home insurance quotes, look at the coverage limits and deductibles to ensure you’re getting the right amount of coverage for your needs. You should also look at the insurer’s financial stability and customer satisfaction ratings to ensure you’re getting a quality policy. In Wake Forest, NC, searching for homeowners insurance, keep the following points in mind.
Cost of Home Insurance Based on the Coverage Level in Wake Forest, NC
Wake Forest, NC, home insurance rates vary depending on your coverage level. The peace of mind that comes with knowing your home is fully protected is worth the investment. The higher the coverage level, the higher the cost of insurance. For instance, homeowners in Wake Forest, North Carolina, pay $941 for home insurance for coverage of $200,000. Homeowners in Wake Forest, North Carolina, frequently pay between $402 and $1924 for coverage between $100K and $300K.
Cost of Home Insurance Based on the Deductibles in Wake Forest, NC
Deductibles are one of the key components of home insurance. They are the amount of money you, the policyholder, are responsible for paying out-of-pocket before your insurance company steps in to cover the remainder of a covered claim. The deductible is essential in determining the cost of your home insurance policy. In general, the higher your deductible, the lower your premium. This is because you shoulder more risk, and the insurance company is exposed to less financial risk. For homeowners insurance in Wake Forest, North Carolina, a $500 low deductible costs $1190. In contrast, Wake Forest, North Carolina residents opt for a high $2500 deductible to pay $864 for their home insurance.
Cost of Home Insurance Based on the Age of the Home in Wake Forest, NC
Older homes are typically more expensive to insure because they are more likely to have structural problems that can lead to costly repairs. In addition, older homes are also more likely to have outdated electrical and plumbing systems that can pose a fire hazard. Homes older than 30 and 50 cost $1222 and $1250 in Wake Forest, NC, respectively, for homeowner's insurance. On the other hand, newly constructed homes are significantly discounted by home insurance providers because they are less likely to experience damage. For instance, Wake Forest, North Carolina, may be able to save $927 on insurance for newly built homes.
Wake Forest, NC Homeowners Insurance By Home Value
| Wake Forest, NC Home Value | Total Homes | % of Total | Average Wake Forest, NC Homeowners Insurance |
|---|---|---|---|
| Less than $50,000 | 513 | 3.0% | $62 |
| $100,000 to $124,999 | 655 | 4.0% | $287 |
| $125,000 to $149,999 | 1,215 | 7.0% | $362 |
| $150,000 to $174,999 | 2,372 | 15.0% | $431 |
| $175,000 to $199,999 | 1,721 | 10.0% | $500 |
| $200,000 to $249,999 | 3,031 | 19.0% | $600 |
| $250,000 to $299,999 | 2,707 | 17.0% | $731 |
| $300,000 to $399,999 | 2,951 | 18.0% | $931 |
Top Home Insurance Agents Near Wake Forest, NC
| Home Insurance Company Near Wake Forest, NC | Homeowners Insurance Agency Near Wake Forest, NC | Address |
|---|---|---|
| NA | Frederick Insurance Service | 1206 N Berkeley Blvd Ste G, Goldsboro, NC, 27534 |
| Erie | Chan Wright Insurance Agency Inc. | 150 Providence Road Suite 100-A, Chapel Hill, NC, 27514 |
| Nationwide | Dunevants Ins Agency Inc | 904 N Madison Blvd STE F, Roxboro, NC, 27573 |
| Allstate | J A Leonard & Co Inc | 114 S BARNES ST, NASHVILLE, NC, 27856 |
| Liberty Mutual | Michael E Berke | 3120 Highwoods Blvd Ste 310, Raleigh, NC, 27604 |
Wake Forest, NC Home Insurance Agents for Top Companies
Cost Of Homeowners Insurance By Street Near Wake Forest, NC
| Streets in Wake Forest Area | Homeowners Insurance Cost |
|---|---|
| Mollynick Ln, Country Club Dr, Hallburg Ct, River Park Dr, Wooten Ct, Catrush Way, Red Bay Dr, Amersham Ln, Spruce Shadows Ln, Airmax Dr | $620 |
| Federal House Ave, Basketweave Dr, Chelridge Dr, Durness, Crescent Ridge Dr, Cotton Paws St, Redford Place Dr, Sweetclover Dr, Quail Bluff Ct, Oak Hill Dr | $630 |
| Brewers Glynn Ct, E Holding Ave, Frye St, Lebatton Dr, Highgate Cir, Durness, Fairlake Dr, Minna Rd, Brayer Hill Path, Lonesome Spur Cir | $608 |
| Carrie May Ln, Mica Mine Ln, Thistlehill Ct, Enville Ct, Whistable Ave, Forest Pines Dr, Jordanmill Ct, Acorn Cir, State Rd 1911, Landover Keep Pl | $609 |
| Watchet Pl, Homecamp Ct, Crowder Ave, Deer Chase Trl, Abercrombie Rd, Forest Pines Dr, Costa Verde Ct, Hempton Cross Dr, Hialeah Ct, Main Divide Dr | $655 |
| Oakman Ridge Ct, Bear Hollow Rd, State Rd 1919, Old State Hwy 98, N Fallsview Ln, Southwick Ct, Britmass Dr, Pamplona Dr, Holdenby Trl, Snooks Trl | $667 |
| White Carriage Dr, New Walnut Pl, W Juniper Ave, Soho Sq, Berdan Ct, Old Milburnie Rd, Turning Brook Ln, Lilliput Ln, Incline Dr, Heritage Club Ave | $608 |
| W Walnut Ave, Peachleaf St, Melksham Rd, Glackens Ct, Clarincarde Ct, State Rd 1925, Old Milburnie Rd, Elm Cir, Welcome Dr, Foothills Trl | $664 |
| Battery Crest Ln, Old Still Rd, Sugar Maple Ave, Caudle Woods Dr, Bratt Ave, US Hwy 1 Alt, Seattle Ct, Prosser Ct, Colorcott St, State Rd 2229 | $631 |
| Templeridge Rd, Zebulon Rd, Cottesbrook Dr, Jeanne St, Nuthatch Ct, Old Murray Dr, Village Pines Ln, Elmwood View Rd, Powell Rd, Foundry Pl | $634 |
Wake Forest, NC Home Insurance Savings For Senior Occupied Homes
| Place | Savings For Senior Occupied Homes |
|---|---|
| Wake Forest | $93 to $96 |
| Rolesville | $94 |
| Neuse | $92 |
| Youngsville | $90 |
Wake Forest, NC Auto & Homeowners Insurance Bundling Discounts
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Rolesville town, North Carolina | $79 | $105 | $157 |
| Neuse township, Wake County, North Carolina | $77 | $103 | $154 |
| Youngsville township, Franklin County, North Carolina | $76 | $101 | $151 |
Wake Forest, NC Area Home Insurance as a % of Housing Cost
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Wake Forest, NC | 3.1% | 11.3% |
| Rolesville | 3.05% | 10.88% |
| Neuse | 3.44% | 10.1% |
| Youngsville | 3.98% | 11.09% |
Wake Forest Renters Insurance as a Percentage of Rent
| Wake Forest Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 89 | 1.0% | $317 |
| $300 to $499 | 367 | 7.0% | $1217 |
| $500 to $749 | 507 | 10.0% | $1892 |
| $750 to $999 | 1,455 | 29.0% | $2642 |
| $1,000 to $1,499 | 1,707 | 34.0% | $3767 |
| $1,500 or more | 798 | 16.0% | $5417 |
Wake Forest, NC Home Insurance Costs With Deductible Scenario
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,500 | $4,500 |
| Yearly Wake Forest Homeowner Insurance Premium Example | $2,100 | $1,600 |
| Out of Pocket Expense During Claim | $1,500 | $4,500 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $18,300 | $17,300 |
| Net Savings to Wake Forest Home Owner from High Deductible Plan | $1,000 | |
Wake Forest, NC Home Insurance Costs With Home Replacement Value Scenarios
| Scenario | Wake Forest, NC Home Replacement Value MORE than Home Value | Wake Forest, NC Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $225,000 | $141,500 |
| Insurance Premium based on Replacement Value | $1,275 | $800 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $44,500 | Risk Exposure from Under Insuring Coverage is $39,000 |
| Premium Impact | Insurance cheaper by $225/year | Insurance costlier by $250/year |
Example Wake Forest Homeowners Insurance Comparison Table to Compare The Cheapest Quotes
| Insurance Company | Farmers Insurance | Amica Mutual Insurance Company | Chubb Group of Insurance |
| Monthly Premium | 75 | 166 | 86 |
| Year Built | 2004 | 1996 | 2012 |
| Home Details | 3 Beds, 1 Baths | 4 Beds, 1 Baths | 5 Beds, 3 Baths |
| Coverage Amount | $250000-$300000 | $500000-$600000 | $200000-$250000 |
| Deductible | $2500-$5000 Deductible | $500- $1000 Deductible | $1000-$2500 Deductible |
Sample Home Insurance Rates for Wake Forest, NC from Consumer Reviews & Surveys
| Year Built | Home Value | Roof Type | Sqft | Number of Bedrooms | Deductible | Premium | Premium Months | Siding Type | Smoker/Non Smoker |
|---|---|---|---|---|---|---|---|---|---|
| 1995 | 180,000 | Composition Roof | 1,630 | 4 | $1000-$2500 Deductible | 80 | 1 | Vinyl siding | yes |
| 2004 | 295,000 | Asphalt Shingles Roof | 2,190 | 4 | > $10,000 Deductible | 640 | 8 | Vinyl siding | yes |
| 2005 | 250,000 | Composition Roof | 1,720 | 3 | $1000-$2500 Deductible | 1370 | 12 | Fiber-Cement Siding | yes |
| 1994 | 380,000 | Shingles Roof | 2,670 | 4 | $2500-$5000 Deductible | 1000 | 10 | Vinyl siding | yes |
| 1998 | 360,000 | Membrane Roof | 2,820 | 4 | $500- $1000 Deductible | 470 | 4 | Stone Siding | yes |
| 1991 | 295,000 | Tile Roof | 2,920 | 4 | > $10,000 Deductible | 170 | 3 | Stucco siding | No |
| 2002 | 300,000 | Membrane Roof | 2,080 | 3 | $5000 to $10,000 Deductible | 810 | 9 | Stucco siding | No |
| 2006 | 235,000 | Asphalt Shingles Roof | 1,740 | 3 | $500 Deductible | 780 | 9 | Wood siding | No |
| 2012 | 205,000 | Membrane Roof | 1,750 | 3 | $500 Deductible | 450 | 7 | Brick siding | yes |
| 2010 | 250,000 | Shingles Roof | 1,690 | 3 | $500 Deductible | 430 | 4 | Wood siding | No |
| 2011 | 295,000 | Membrane Roof | 2,340 | 3 | > $10,000 Deductible | 320 | 4 | Wood siding | yes |
| 1994 | 280,000 | Membrane Roof | 2,090 | 4 | $5000 to $10,000 Deductible | 500 | 6 | Vinyl siding | No |
| 2011 | 255,000 | Composition Roof | 2,370 | 4 | $500 Deductible | 760 | 9 | Stucco siding | yes |
| 1998 | 175,000 | Wood Shake Roof | 1,510 | 3 | $500 Deductible | 680 | 10 | Stucco siding | No |
| 2008 | 205,000 | Slate Shingles Roof | 1,840 | 3 | $1000-$2500 Deductible | 480 | 8 | Fiber-Cement Siding | No |
| 2004 | 305,000 | Metal Roof | 2,020 | 3 | $5000 to $10,000 Deductible | 80 | 1 | Brick siding | yes |
| 2005 | 620,000 | Wood Shake Roof | 4,740 | 5 | > $10,000 Deductible | 1270 | 8 | Stucco siding | yes |
| 1992 | 275,000 | Wood Shake Roof | 1,950 | 4 | $1000-$2500 Deductible | 80 | 1 | Stone Siding | yes |
| 2010 | 465,000 | Composition Roof | 3,540 | 5 | $500- $1000 Deductible | 1930 | 10 | Stone Siding | No |
| 2014 | 455,000 | Slate Shingles Roof | 4,310 | 5 | $1000-$2500 Deductible | 260 | 2 | Stucco siding | yes |
| 1997 | 520,000 | Composition Roof | 4,580 | 5 | $2500-$5000 Deductible | 150 | 1 | Fiber-Cement Siding | yes |
| 2014 | 325,000 | Membrane Roof | 3,100 | 4 | > $10,000 Deductible | 580 | 6 | Brick siding | yes |
| 2011 | 320,000 | Slate Shingles Roof | 2,560 | 5 | $500- $1000 Deductible | 500 | 5 | Stucco siding | yes |
| 2006 | 185,000 | Wood Shake Roof | 1,310 | 3 | $500- $1000 Deductible | 630 | 10 | Fiber-Cement Siding | yes |
| 2012 | 225,000 | Shingles Roof | 1,660 | 3 | > $10,000 Deductible | 80 | 2 | Stone Siding | yes |
| 2011 | 205,000 | Slate Shingles Roof | 1,730 | 3 | $500- $1000 Deductible | 210 | 2 | Stone Siding | yes |
| 2013 | 235,000 | Wood Shake Roof | 1,990 | 3 | $2500-$5000 Deductible | 550 | 9 | Stucco siding | yes |
| 2013 | 245,000 | Metal Roof | 1,670 | 3 | $500 Deductible | 1150 | 12 | Fiber-Cement Siding | No |
| 1993 | 440,000 | Shingles Roof | 3,030 | 4 | > $10,000 Deductible | 490 | 5 | Stucco siding | No |
| 1999 | 525,000 | Tile Roof | 3,650 | 5 | $2500-$5000 Deductible | 200 | 1 | Stone Siding | yes |
| 1994 | 190,000 | Membrane Roof | 1,710 | 3 | $2500-$5000 Deductible | 240 | 3 | Stone Siding | No |
| 2011 | 525,000 | Composition Roof | 3,700 | 5 | > $10,000 Deductible | 1220 | 9 | Stone Siding | No |
| 2002 | 650,000 | Membrane Roof | 4,900 | 5 | $2500-$5000 Deductible | 1570 | 10 | Stucco siding | yes |
| 2004 | 615,000 | Wood Shake Roof | 4,790 | 5 | $5000 to $10,000 Deductible | 180 | 1 | Stucco siding | yes |
Latest Home Insurance Reviews
ProgressiveCompared to other home insurances I give Progressive a 5 because they offer coverage such as Sinkhole Coverage that other insurances do not.
NationwideI really do not have any idea how they stack up to other insurance companies, I think maybe they are all pretty much the same.
ProgressiveMy home renter company RenterPlan is amazing. I just do everything from website and it hardly takes 5 mins. But when I call need to call the customer service, the experience is even better.
Farmer's InsuranceI always make the highest deductible on my policies so that I can get the lowest premiums. I believe I have at least $1,000. This would be comparable to other policies.
Erie InsuranceErie offers a multitude of options for insurance on home owners insurance. I feel like they offer everything that all of the other agencies provide/offer, so I am satisfied with what is available to me.
GeicoI think Homesite offers excellent coverage and compares well with other home insurance policies. I do feel that my premium is a bit high.
Farmer's Insurancethe insurance survey is the life safed. this is customer service . its is very satisfied in the insurance. the insurance is life last used the people for the children and future education and business.
Erie Insuranceerie partners with Contractor Connection, a national network of 2,000 licensed and insured contractors. Your claims process will be hassle-free and the professionals can be on the scene within hours of an emergency,
ProgressiveI checked prices with several insurance companies and Progressive offered the best coverage for the least amount of money.
TravelersI would rate Travelers Insurance homeowners policy a 4 because it is more expensive than other insurance companies, but it offers better coverage and when bundled with their auto insurance it is still very reasonable.
MetlifeThe prices are really great and they are a lot better then other companies i have tried to get insurance with. they let you spread out your payments.
Farmer's InsuranceI like the fact that when i last filed a claim, the company handled the claim promptly, efficiently, and fairly.
ProgressiveAs I have never had another company I am not sure how the rates compare but in general, progressive tends to be very competitive with other companies. I don't think $827/year is bad considering that covers our house, barn, tractor, etc.
Erie InsuranceThey were quick to drop my adult son's policy after he had two minor accidents in a short period of time. Given my longevity with the company, I thought that was a bad thing to do. They should have appreciated the members of my family more.
Liberty MutualI like the people I deal with, at the corporate level and my agent's office. The agent does not just throw you off onto the corporate office they get involved and make sure things are handled
Liberty MutualI would recommend this insurance company to everyone because they are reasonable, they send my bill directly to my mortgage company to be paid via escrow.
ProgressiveI would definitely recommended Progressive to my friends and to my family for better rates, great customer service and ease of navigating website.