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How much should you be paying for Homeowner's Insurance

According to Bankrate, the average cost of homeowners insurance in North Carolina is $1,429 per year, or about $119 a month, for $250,000 in dwelling coverage. North Carolina homeowners insurance is, on average, slightly cheaper than the national average of $1,759 per year. Keep in mind that your own rate is likely to differ since it is based on multiple factors that are unique to your situation, such as the age and condition of your home, your ZIP code and more.

The average cost of homeowners insurance in North Carolina is $2,325 per year, or about $194 per month, according to a NerdWallet analysis. In comparison, the national average is $1,820 per year.

The difference between these two is the Bankrate numbers are based on an insured amount of $250,000 whereas the Nerd Wallet figures are based on average premiums across the state.

Where your rate falls depends on the amount your home is insured for, age of your home, your "credit-based insurance score" and loss history. In the current "tight" market, loss history affects your ability to get coverage and the price more so than in a normal insurance market. There are some things you can do to protect yourself from losses affecting your insurance rating:

  1. Consider using a separate jewelry insurance policy. These offer more comprehensive coverage and in case of a loss, do not count against you in your "loss history".

  2. Understand what your policy covers and if you have special endorsements, what do they cover and for how much. Adding endorsements for equipment breakdown, service line and/or Cyber (identity theft) can offer you added protection at a nominal cost. With some Insurers,

  1. claims made against these add-ons, do not affect your loss history.

Talk to your agent to make sure you are getting the most out of your homeowner's insurance. Call us at 704-288-8286 or email us at, we are happy to answer any questions you may have.

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