Best homeowners insurance in Charlotte
Your guide to the best homeowners insurance companies in Charlotte, the cost of coverage by ZIP code, and special considerations for Charlotte homeowners.
Published October 31, 2019|2 min read
Table of Contents
Editorial disclosure
Homeowners insurance is important and lender-required protection for your home, your personal property, and your combined assets in the event your property is damaged or you’re sued because of an accident. If you’re one of the nearly 175,000 Charlotte residents who owns a home, you’ll want to make sure you have a good homeowners insurance policy with a reputable company.
The best homeowners insurance companies in Charlotte
When comparing policies, pay special attention to companies’ financial strength, the depth of coverage for standard policies, customer service ratings with J.D. Power and Consumer Reports, and the number of discounts offered.
Of the insurers offered by Policygenius, we determined the most affordable homeowners insurance company in Charlotte was Travelers with an average annual premium of $1,275. MetLife had the highest rates by far, with an average annual premium of $2,575.
| Insurance company | Average annual premium |
|---|---|
| Hippo | $1,800 |
| MetLife | $2,575 |
| Nationwide | $2,000 |
| Stillwater | $1,300 |
| Travelers | $1,275 |
Methodology: Average annual premium for each insurance company was calculated using Policygenius quoting data.
Charlotte homeowners insurance prices by ZIP code
When determining your homeowners insurance premium, companies factor in your coverage amounts, the makeup, build and age of your home, your credit score, and where your home is located.
Among the areas where users submitted quotes with Policygenius, the best deal on coverage was in the 28209 ZIP code, with an $817 average annual premium. The highest quoted rates were for homes in the 28105 ZIP code with a $3,267 average annual premium.
| ZIP code | Average annual premium |
|---|---|
| 28105 | $3,267 |
| 28202 | $962 |
| 28205 | $1,635 |
| 28209 | $817 |
| 28210 | $965 |
| 28211 | $1,932 |
| 28214 | $2,057 |
| 28226 | $1,494 |
| 28270 | $3,205 |
| 28277 | $1,647 |
Methodology: Average annual premium for each ZIP code was calculated using Policygenius quoting data.
The easy way to buy affordable homeowners insurance
Let our experts guide you toward the best homeowners insurance plan for you, your family, and your home.
Charlotte homeowners insurance rates by coverage amount
Your homeowners insurance rates are directly impacted by how much coverage you have. Your home’s insured value or dwelling coverage amount should be equal to the rebuild cost of the home.
Here is the average rate for five different coverage levels for a home in Charlotte.
| Coverage amount | Average annual premium |
|---|---|
| $100,000-200,000 | $775 |
| $200,000-300,000 | $1,300 |
| $300,000-400,000 | $1,625 |
| $400,000-500,000 | $1,650 |
| $500,000-600,000 | $1,975 |
Methodology: Average annual premium for each coverage amount was calculated using Policygenius quoting data.
Special considerations for Charlotte residents
Wind and hail deductibles
Although homeowners insurance covers damage caused by tornado and hurricane winds, it’s pretty standard for insurance companies in North Carolina to require a separate wind and hail deductible before they’ll reimburse you for damage caused by those perils.
Your insurance company will give you the option of choosing your wind and hail deductible amount. They’ll also typically give you the option of leaving the deductible off of your policy altogether for a cheaper premium. Keep in mind that wind and hail damage is typically excluded from your policy if you forego this deductible.
Property crime
In addition to protecting your home against bad weather and natural disasters, homeowners insurance also covers you from man-made loss like theft and arson.
Charlotte’s property crime rate is one of the highest among major cities in the country, averaging around 3,700 reported offenses per 100,000 residents annually—almost double the national average.
When setting up your policy, pay close attention to the portion of your coverage that reimburses you for damage or theft of personal belongings. Certain items—like jewelry, furs, art, and instruments—are only covered up to a certain limit for theft losses and may need additional coverage depending on their value.
Homeowners insurance resources for Charlotte residents
Pat Howard
Homeowners Insurance Expert
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