Raleigh is located about 130 miles from the coast, making it close enough for a day at the beach, but not so close that it gets the full impact of hurricanes. Its lengthy distance from the coast means it’s rarely impacted by the frequent tropical storms that hit North Carolina, but there is still the chance for high winds and heavy rains. This makes it essential to havehomeowners insurancethat completely protects your home.
Theaverage cost of homeowners insurancein Raleigh is$1,760 per yearor $147 a month. This is around 14% higher than the statewide average of $1,545 per year, and on par with the national average of $1,754 per year.
Compare the best cheap homeowners insurance companies in Raleigh
Of the companies we analyzed, Kemper has the lowest rate in Raleigh with an average annual policy cost of $618 per year — significantly less than the city average. Average rates for State Farm, Allstate, and Bankers Insurance Group are also below the city average, but rates aren't the only important thing to consider when choosing an insurance policy.
To find the best cheap homeowners insurance in Raleigh, Policygenius rated over a dozen of the largest insurance companies in North Carolina across several categories, such as average policy cost, financial strength ratings with AM Best, customer and claims satisfaction scores with J.D. Power, available policy options, and more.
Company | Average monthly cost | Policygenius rating | |
|---|---|---|---|
Auto-Owners Insurance | $199 | 5.0 out of 5 | |
State Farm | $55 | 4.8 out of 5 | |
Erie | $200 | 4.5 out of 5 | |
Nationwide | $225 | 4.5 out of 5 | |
Allstate | $83 | 4.4 out of 5 |
Methodology & why you can trust our rates
Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:
Dwelling: $300,000
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
Liability: $300,000
Medical: $1,000
All rates based on the above coverage limits except where otherwise noted.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
2024 Policygenius award winner
Auto-Owners Insurance
Policygenius rating
Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.
5.0
AM Best rating
AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).
A++
Cost
Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).
$
$
$
$
$
Bundle home & auto
Offers extended replacement cost
Offers flood insurance
Why we chose it
Auto-Owners Insurance is the best homeowners insurance company in Raleigh thanks to its extensive policy and coverage options, its high marks for financial strength, and its customer experience ratings.
Pros and cons
Pros
Offers a slew of extra coverage add-ons
Lots of discounts available
Flood insurance through the NFIP
Cons
Rates are higher than average
Not able to get quotes or file claims online
More details
Why Auto-Owners Insurance is our pick for best overall company
Auto-Owners Insurance is our pick for the best overall home insurance company in Raleigh. Auto-Owners scored at least a 4 out of 5 for customer experience, coverage options, and financial strength, which earned it a perfect 5 out of 5 Policygenius rating.
With endorsem*nts like guaranteed replacement cost coverage, water backup protection, inland flood coverage, and a comprehensive Homeowners Plus endorsem*nt package, Auto-Owners offers excellent value for the coverage you're getting.
Finally, although Auto-Owners' rates are more expensive than average in Raleigh, the company offers a range of discounts that can help lower your insurance rates.
How do Auto-Owners Insurance rates compare to the Raleigh average?
The average cost of Auto-Owners home insurance in Raleigh is$2,382 per year, according to sample quotes provided to us by Quadrant Information Services. This makes Auto-Owners Insurance about35% more expensive than the citywide average.
How to get a quote
By calling an Auto-Owners Insurance agent
Read our full review of Auto-Owners home insurance
2024 Policygenius award winner
State Farm
Policygenius rating
Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.
4.8
AM Best rating
AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).
A++
Cost
Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).
$
$
$
$
$
Bundle home & auto
Offers extended replacement cost
All 50 states
Why we chose it
State Farm home insurance is one of the best overall home insurance providers in Raleigh thanks to low rates, a large selection of policy options for most home types, high customer service marks, and industry-best financial stability ratings.
Pros and cons
Pros
Rates are cheaper than average
Excellent line-up of policy add-ons, including extended replacement cost coverage
Save up to $1,127 per year when you bundle your home and auto insurance
Cons
20% more complaints filed with the NAIC than other companies of its size
More details
Why we chose State Farm
At a time when lots of competitors are no longer insuring homes in areas prone to wildfires or hurricanes, State Farm continues to offer its relatively affordable and highly-rated home insurance to homeowners in most parts of the country, including Raleigh.
While some of its competitors may not have the financial strength to pay out claims after several natural disasters in the same year, State Farm isn't one of them. It earns the highest rating possible from A.M. Best for financial strength and stability — only six insurance companies out of nearly 70 we reviewed hold this title.
How do State Farm home insurance rates compare to the Raleigh average?
The average cost of State Farm home insurance in Raleigh is$664 per year, which is 62% cheaper than the average citywide premium of $1,760 per year.
How to get a quote
Online through State Farm
Read our full review of State Farm home insurance
2024 Policygenius award winner
Erie
Policygenius rating
Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.
4.5
AM Best rating
AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).
A+
Cost
Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).
$
$
$
$
$
Mobile app
Bundle home & auto
Why we chose it
Erie's wide range of coverage options, industry-best customer service ratings, and private flood insurance add-on makes it one of the best companies in Raleigh.
Pros and cons
Pros
Cheap rates
Guaranteed replacement cost comes standard on Erie policies
Excellent customer service and claims satisfaction ratings
Cons
Only available in 12 states
Just three available discounts
Can’t get quotes or file claims online
More details
Why we chose Erie
Erie is one of the best homeowners insurance companies in Raleigh for residents who want to add more flood protection to a basic policy. Its Extended Water endorsem*nt is effectively a flood insurance policy and sewer and drain backup coverage rolled into one.
Home insurance policies from Erie also come standard with guaranteed replacement cost coverage — which you often have to pay extra for at other companies. On top of this, a basic policy covers lost and misplaced items, jewelry, and gift cards to closed businesses.
Erie also offers a range of add-ons that you can purchase, like short-term rental coverage, equipment breakdown coverage, underground service line coverage, and more.
How do Erie home insurance rates compare to the average in Raleigh?
The average cost of Erie home insurance in Raleigh is$2,401 per year,which is 36% higher than the city average of $1,760 per year.
How to get a quote
Online through Erie
Read our full review of Erie home insurance
2024 Policygenius award winner
Nationwide
Policygenius rating
Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.
4.5
AM Best rating
AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).
A+
Cost
Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).
$
$
$
$
$
Bundle home & auto
Mobile app
New homebuyer discount
Offers extended replacement cost
Why we chose it
Nationwide is one of the best homeowners insurance companies in Raleigh for people who want complete coverage. You can strengthen a basic Nationwide policy with the company's range of coverage add-ons.
Pros and cons
Pros
Multiple high-quality coverage options
Highly rated for claims satisfaction with J.D. Power
Cons
Rates are higher than average
Below-average customer satisfaction and digital experience ratings
Won’t cover Airbnbs or other short-term rentals
More details
Why we chose Nationwide
Nationwide is the best homeowners insurance company for those who can take advantage of its large selection of coverage options. These include guaranteed and extended replacement cost coverage, better roof replacement, new belongings coverage, water backup protection, and equipment breakdown coverage.
Nationwide has also received high ratings from J.D. Power for claims satisfaction, and it ranks fifth on J.D. Power's Property Claims Satisfaction Study from 2022. The company also receives far fewer complaints than other insurers, according to the National Association of Insurance Commissioners.
Although we found that Nationwide's rates are more expensive than average in Raleigh, you might be able to lower your premiums with the company's discounts. These include discounts for bundling, renovating your home, buying a new home, and others.
How do Nationwide home insurance rates compare to the Raleigh average?
The average cost of Nationwide home insurance in Raleigh is $2,699 per year, which is 53% more expensive than the city average of $1,760.
How to get a quote
Online through Policygenius or Nationwide
Read our full review of Nationwide home insurance
2024 Policygenius award winner
Allstate
Policygenius rating
Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.
4.5
AM Best rating
AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).
A+
Cost
Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).
$
$
$
$
$
Bundle home & auto
Smart home discounts
Why we chose it
Allstate is one of the top home insurance companies in Raleigh. Featuring rates lower than the city average, Allstate also offers a few add-ons that can make a basic policy stronger.
Pros and cons
Pros
Offers HostAdvantage for short-term rental coverage
Offers water backup protection, other endorsem*nts
Cons
Beginning to pull back coverage in high-risk areas
More details
Why we chose Allstate
Allstate is a top home insurance company in Raleigh. We like that Allstate offers some home insurance coverages that you can add to your policy for more protection, like water backup protection, scheduled personal property coverage, and identity theft restoration coverage.
If you're looking to cover your short-term rental, Allstate's HostAdvantage is another perk. HostAdvantage comes with theft protection, coverage for your damaged property ($10,000 per host period), and a $25 discount on cleaning services from Merry Maids.
How do Allstate home insurance rates compare to the Raleigh average?
The annual average cost of Allstate home insurance in Raleigh is $991 per year, which is 44% cheaper than the citywide average.
How to get a quote
Online through Policygenius or Allstate, or by contacting a local Allstate agent.
Read our full review of Allstate home insurance
Compare home insurance rates in Raleigh
How much is homeowners insurance in Raleigh?
Theaverage cost of home insurancein Raleigh is$1,760 per year,or$147 a month,for a policy with $300,000 in dwelling coverage. This is around 14% more expensive than the average annual cost of $1,545 for homeowners insurance in North Carolina, and on par with the national average.
Raleigh home insurance rates by ZIP code
Home insurance rates can vary substantially depending on which ZIP code your home is located in, as homes in certain Raleigh neighborhoods may be more prone to extreme weather damage or property crime than others.
To help you find out how much home insurance costs where you live, we calculated average home insurance rates by ZIP code in Raleigh.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
27610 | $1,752 | 13% |
27616 | $1,753 | 13% |
27603 | $1,752 | 13% |
27606 | $1,752 | 13% |
27615 | $1,755 | 14% |
27604 | $1,752 | 13% |
27613 | $1,754 | 14% |
27612 | $1,754 | 14% |
27609 | $1,753 | 13% |
27614 | $1,756 | 14% |
Collapse table
Cheapest ZIP codes for home insurance in Raleigh
With an average home insurance rate of $1,750 per year, the 27601 ZIP code is the most affordable area for home insurance in Raleigh.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
27601 | $1,750 | 13% |
27605 | $1,751 | 13% |
27603 | $1,752 | 13% |
27604 | $1,752 | 13% |
27606 | $1,752 | 13% |
27608 | $1,752 | 13% |
27610 | $1,752 | 13% |
27617 | $1,752 | 13% |
Collapse table
Most expensive areas for homeowners insurance in Raleigh
With an average annual premium of $1,867, the 27695 ZIP code is the most expensive ZIP code in Raleigh for home insurance. If you live one of these ZIP codes, your rates might be among the highest in the city.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
27695 | $1,867 | 21% |
27614 | $1,756 | 14% |
27607 | $1,755 | 14% |
27615 | $1,755 | 14% |
27612 | $1,754 | 14% |
27613 | $1,754 | 14% |
27609 | $1,753 | 13% |
27616 | $1,753 | 13% |
Collapse table
Learn more >> Home insurance rates by ZIP code
Raleigh home insurance costs by coverage amount
Along with your home's location, your homeowners insurance premiums are primarily based on how muchdwelling coverageis in your policy. This is the centerpiece of your home insurance coverage, covering the cost to repair or rebuild your home after a covered disaster.
Here are the average rates for homeowners insurance based on coverage amount.
Dwelling coverage limit | Average annual cost |
|---|---|
$100,000 | $693 |
$200,000 | $1,164 |
$300,000 | $1,760 |
$400,000 | $2,218 |
$500,000 | $2,662 |
Raleigh home insurance costs by deductible amount
Yourhome insurance deductibleis the amount you’re responsible for paying on each claim before insurance kicks in to help cover the cost of repairing or replacing your property. A higher deductible means lower insurance premiums, but it also means you're responsible for paying more out of pocket when you file a claim.
Here are the average rates for homeowners coverage by deductible amount.
Deductible | Average annual cost |
|---|---|
$500 | $726 |
$2,000 | $449 |
Cheapest homeowners insurance companies in Raleigh
Based on our analysis,Kemper, State Farm, and Allstateare the threecheapest home insurancecompanies in Raleigh, with average premiums citywide ranging from $618 to $991 per year.
Company | Average annual cost |
|---|---|
Kemper | $618 |
State Farm | $664 |
Allstate | $991 |
Bankers Insurance Group | $1,228 |
Lititz Mutual Insurance | $1,299 |
Farm Bureau Insurance | $1,299 |
Universal Group | $1,301 |
Lighthouse Property Insurance | $1,463 |
Narragansett Bay | $1,920 |
Foremost | $2,015 |
Auto-Owners Insurance | $2,382 |
Erie | $2,401 |
USAA | $2,416 |
Nationwide | $2,699 |
UPC Insurance | $3,705 |
Collapse table
Cheapest home insurance in Raleigh if you have poor credit
Abad credit scoredoes more than just cost you a few dollars in late payment fees — it can also make your auto and home insurance rates thousands of dollars higher.
Here are the average rates for homeowners insurance for Raleigh residents with poor credit.
Company | Average annual cost |
|---|---|
Kemper | $881 |
Allstate | $991 |
State Farm | $1,137 |
Farm Bureau Insurance | $1,299 |
Lititz Mutual Insurance | $1,299 |
Lighthouse Property Insurance | $1,463 |
Universal Group | $1,615 |
Bankers Insurance Group | $1,674 |
Narragansett Bay | $2,035 |
Foremost | $2,491 |
Nationwide | $3,076 |
USAA | $4,052 |
Erie | $5,169 |
UPC Insurance | $5,663 |
Auto-Owners Insurance | $8,185 |
Collapse table
Cheapest home insurance in Raleigh if you have an older home
Insurance carriers considerolder homesto have a higher risk of damage or loss compared to newer homes since they're constructed with older and more difficult to replace materials. Additionally, certain structural components in older homes, like the roof or plumbing systems, may not be up to code.
Here are the average homeowners insurance rates for Raleigh residents with older homes.
Company | Average annual cost |
|---|---|
Kemper | $618 |
State Farm | $657 |
Allstate | $991 |
Bankers Insurance Group | $1,228 |
Farm Bureau Insurance | $1,299 |
Lititz Mutual Insurance | $1,299 |
Lighthouse Property Insurance | $1,463 |
Universal Group | $1,679 |
Foremost | $2,204 |
Auto-Owners Insurance | $2,221 |
USAA | $2,416 |
Erie | $2,576 |
Nationwide | $2,701 |
Narragansett Bay | $2,836 |
UPC Insurance | $3,823 |
Collapse table
Cheapest homeowners insurance in Raleigh if you have a history of claims
Claims historyis one of the biggest factors that insurance companies use when calculating your home insurance premiums. If you have multiple claims on your record, your insurer will likely view you as a risk for filing future claims and may charge you higher rates as a result.
Here's the cheapest home insurance companies in Raleigh for a homeowner with three claims within a five-year period on their record.
Company | Average annual cost |
|---|---|
State Farm | $657 |
Allstate | $991 |
Kemper | $1,037 |
Farm Bureau Insurance | $1,299 |
Lititz Mutual Insurance | $1,299 |
Bankers Insurance Group | $1,784 |
Lighthouse Property Insurance | $2,212 |
Auto-Owners Insurance | $2,382 |
Erie | $2,576 |
Narragansett Bay | $3,219 |
USAA | $3,660 |
Universal Group | $4,103 |
Nationwide | $4,364 |
UPC Insurance | $6,015 |
Foremost | $6,344 |
Collapse table
How to get homeowners insurance quotes in Raleigh
Here are the steps to take as you shop for homeowners insurance in Raleigh, NC
6 steps to buying homeowners insurance in Raleigh, NC
Reach out to a licensed Policygenius agent.Our experts are here to help you find the right insurance for your home. They can explain any available add-ons and how they may change your premiums.
Ask about the North Carolina Joint Underwriting Association – North Carolina’s FAIR plan provider.This is a plan that covers homeowners who are at high risk of damage and might not be able to get insurance from standard companies.
Investigate flood insurance.You might not be right on the ocean in Raleigh, but you’re still close enough to get significant rain and wind from hurricanes.
Pick a deductible you can afford.If you pick a higher deductible to lower your insurance rate, make sure it’s not so high that you can’t pay it when you need to file a claim.
Compare your Policygenius quotes.Once you determine what you need for coverage, then you can compare your quotes. Your Policygenius agent can help you figure out what is being offered by each potential insurer.
Sign your policy and pay your first premium.Once you pick a policy, your Policygenius agent can file the paperwork and cancel your old policy if it’s still active. You just need to sign on the dotted line and pay your first premium.
Compare home insurance rates in Raleigh
Frequently asked questions
Is homeowners insurance expensive in North Carolina?
The average for homeowners insurance is $1,754 in the U.S., while the average in North Carolina is $1,545. That makes it more affordable on average, but where you live and the exact insurance you purchase will impact your rates.
Is homeowners insurance required in North Carolina?
North Carolina does not require homeowners insurance. Most lenders, however, do require that your home be insured to specified minimums in order to secure a loan.
How can I lower my home insurance rates in Raleigh?
You can lower your insurance rates several ways, including by installing protective devices in your home or bundling your home and car insurance. Maintaining a healthy credit score is another effective way to lower your rates.
