Wilmington ,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 Wilmington, 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 Wilmington, NC is $1945. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Wilmington, NC. VHome Insurance will help you navigate the world of homeowners insurance coverages in Wilmington, NC.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $778 |
| $200,000 | $1,323 |
| $300,000 | $1,634 |
| $400,000 | $2,490 |
| $500,000 | $3,131 |
Home insurance costs in Wilmington 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 |
|---|---|
| 028409 | $1,877 |
| 28411 | $1,861 |
| 28403 | $1,831 |
| 28412 | $1,835 |
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 Wilmington, NC, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,994 |
| $1000 Deductible | $1,784 |
| $1500 Deductible | $1,682 |
| $2500 Deductible | $1,517 |
| $5000 Deductible | $1,284 |
| Home Insurance Company Near Wilmington, NC | Homeowners Insurance Agency Near Wilmington, NC | Address |
|---|---|---|
| NA | Brunswick Insurance Services, Inc. | 976 Ocean Hwy W , Supply, NC, 28462 |
| NA | Pleasure Island Insurance Agency Inc | 1009 N Lake Park Blvd #A-5 , Carolina Beach, NC, 28428 |
| NA | Aquesta Insurance Services, Inc. | 700 Military Cutoff, Wilmington, NC, 28405 |
| NA | M. Holland & Company | 790 Sunset Blvd. N Ste , Sunset Beach, NC, 28468 |
| State Farm | Kristin Dowdy | 5011 Northside Dr, Shallotte, NC, 28470-4461 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| New Hanover County, North Carolina | $93 | $124 | $186 |
| Kings Grant CDP, North Carolina | $90 | $120 | $180 |
| Silver Lake CDP, North Carolina | $90 | $120 | $180 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Wilmington, NC | 3.3% | 10.0% |
| New Hanover County | 3.4% | 10.81% |
| Kings Grant | 4.03% | 15.98% |
| Silver Lake | 3.87% | 15.32% |
| Wilmington Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 574 | 2.0% | $318 |
| $200 to $299 | 845 | 3.0% | $768 |
| $300 to $499 | 1,380 | 5.0% | $1218 |
| $500 to $749 | 6,030 | 25.0% | $1893 |
| $750 to $999 | 6,880 | 29.0% | $2643 |
| $1,000 to $1,499 | 6,444 | 27.0% | $3768 |
| $1,500 or more | 1,321 | 5.0% | $5418 |
| Streets in Wilmington Area | Homeowners Insurance Cost |
|---|---|
| N 5th St, Caladan Rd, Barnards Landing Rd, Crab Apple Ln, Wimbledon Ct, Logwood Ct, Brookforest Rd, Vista Green Ct, Beacon Dr, Fawn St | $601 |
| Daphine Ct, Airlie Rd, Wolcott Ave, Winterberry Ct, Northeaster Dr, Beasley Rd, Gateway Dr, Providence Rd, Bent Creek Dr, Butternut Ct E | $625 |
| Fish Hawk Ct, Airlie Forest Ct, Rolling Hills Cove, Terrapin Ct, Parsley St, Pacific Rd, Cottage Ln, S Live Oak Pkwy, Hardscrabble Ct, Saint Andrews Dr | $650 |
| Doctors Cir, Kings Ct, Northbend Rd, Hunting Ridge Rd, Lost Tree Rd, Arnold Rd, Channel Haven Dr S, Live Oak Pkwy, Rye Ln, W Rye Ln | $630 |
| Cascade Rd W, Lansdowne Rd, State Rd 1100, Old Field Rd, Ponderosa Ln, Lincoln Ct N, Antelope Trail Dr, Mohican Trl, Downey Branch Ln, Smith Bay Cir W | $631 |
| Artifact Ct, R L Honeycutt Dr, Center St, Bedford Forest Dr, Clearwater Ct, Perry Ave, Bexley Dr, Tillson Ct, Timber Creek Ln, Solera Rd | $639 |
| W Renovah Cir, Windsong Rd, Privateer Ct, Indian Corn Trl, Musevale Dr, Oyster Lndg, Portofino Ct, Dullage Dr, Signature Pl, Mockingbird Ln | $602 |
| Out Island Dr, State Rd 1411, Old Maccumber Station Rd, Pleasant Oaks Dr, Ritter Dr, Bunche St, Needle Rush Ct, Mohican Trl, Fox Run Rd, Roseland Dr | $628 |
| Robin Hood Rd, Ludlow Dr, Taft Aly, Junction Park Dr, Radian Rd, Garden Terrace Dr, Fleming St, Sycamore Ln, Browning Dr, Shakespeare Dr | $601 |
| N 9th St, Mears St, Sunglow Dr, Colony Cir N, Merestone Dr, Mews Dr, White Ibis Ct, Waltmoor Rd, Gillette Dr, Berberis Way | $621 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Wilmington | $93 to $95 |
| New Hanover County | $93 |
| Kings Grant | $90 |
| Masonboro | $92 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,000 | $3,000 |
| Yearly Wilmington Homeowner Insurance Premium Example | $2,400 | $1,900 |
| Out of Pocket Expense During Claim | $1,000 | $3,000 |
| Total Home Insurance Premium for 6 years + Out of Pocket Expense for Claim | $15,400 | $14,400 |
| Net Savings to Wilmington Home Owner from High Deductible Plan | $1,000 | |
| Scenario | Wilmington, NC Home Replacement Value MORE than Home Value | Wilmington, NC Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $447,500 | $257,000 |
| Insurance Premium based on Replacement Value | $2,375 | $1,350 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $90,000 | Risk Exposure from Under Insuring Coverage is $100,500 |
| Premium Impact | Insurance cheaper by $525/year | Insurance costlier by $500/year |
| Insurance Company | Chubb Group of Insurance | Amica Mutual Insurance Company | Allstate |
| Monthly Premium | 112 | 93 | 69 |
| Year Built | 1940 | 2007 | 2010 |
| Home Details | 3 Beds, 2 Baths | 5 Beds, 1 Baths | 2 Beds, 1 Baths |
| Coverage Amount | $250000-$300000 | $250000-$300000 | $200000-$250000 |
| Deductible | $500 Deductible | $500 Deductible | $1000-$2500 Deductible |