Best Cheap Home Insurance Providers In Concord, NC

Concord, North Carolina, is occasionally subjected to severe weather including thunderstorms and tornadoes. Such weather can cause a lot of damage to homes, which is why homeowners in Concord should consider purchasing home insurance. In addition to severe weather, homeowners of Concord, North Carolina, are also targets for crimes such as vandalism.

On average, Concord homeowners could pay over $1,680 per year. This is a big increase when you discover that the average for home insurance across the state is $1,500 per year. As you can imagine, residents of Concord are always on the hunt for the best coverage for the cheapest price.

Our team’s goal is to help homeowners in Concord, which is why we’ve made a list of the cheapest rates offering the best policies. Coming out on top, our research found that State Farm offers the best policies in Concord, with the most competitive rates at just $930 per year.

State Farm may be the cheapest and best provider overall; however, different circumstances can mean that other providers may be better suited to an individual. In doing our research, we discovered that Universal North America is best for newly built homes, Allstate is best for homeowners who need extra coverage for personal belongings, and USAA offers the best rates for military members, veterans, and military families. We also found that North Carolina Farm Bureau offers the best customer service, and Heritage is best for individuals with poor credit.

Cheapest Overall Rates In Concord

Cheapest Overall For Newly Built Homes

Cheapest for Extra Personal Property Coverage Rates In Concord

Cheapest Rates For People With A Poor Credit History

Deciding On The Best Home Insurance Provider For You

Before purchasing home insurance in Concord, we recommend that you review all your options, and take some time to research each insurer. There are several insurers on the market who offer good policies at a good rate, and from these we selected six of the best insurers in Concord. When reviewing each of your options, consider the following.

Consider your property: During the application process, you will be asked to share specific details of your home. These details include the age of your home, materials used for building, and the age of your roof. Be sure to have this information at hand so that you can relay it accurately to the insurer.

Consider insurers: Ensure that the provider can meet the requirements laid out by you. Begin by researching the companies that you’re interested in – this may involve looking at their website, for example. If you are a person who prefers to deal with their insurance business online, then choose a company that enables you to perform tasks such as paying premiums and filing claims through their site or app. If you prefer to do things in person, opt for a provider with agents located in Concord.

Gather quotes: Ask for quotes from a select few companies as this will allow you to make a more informed decision. Depending on the company, you can get these quotes either online or through an agent. Be sure to make identical requests to each provider so that you can compare rates as accurately as possible.

Choose the company that best suits your requirements: Each person’s situation is unique to them, which means some insurers may be better suited to you than others. Whether it’s better discounts, or good customer support – there are insurers available to suit everyone.

Largest Home Insurance Providers In North Carolina

Average Cost Of Home Insurance In Concord, NC

When compared to the average rates of North Carolina and the rest of the country, Concord’s rates are quite high. However, all the major insurers, as well as smaller companies, can all be found in N.C. Below are the average costs per year by the five biggest insurance companies in Concord.

How To Get An Online Quote In Concord

Getting an online quote for home insurance in Concord can be done in four easy steps:

Step One: Determine amount of coverage necessary. Take a thorough inventory of all your personal belongings and consider recording a video as it can be helpful when filing a claim.

Step Two: Select three companies and ask for a quote. You can get in touch with three insurers and request a quote, either through an agent or an online tool.

Step Three: Be certain that you’re getting an apples-to-apples quote from each provider. Both the coverage limits and deductible should be the same to help you make an informed decision.

Step Four: Choose the provider that best suits your needs and proceed with the application.

Factors That Impact The Cost Of Home Insurance In Concord

Insurers consider many factors to determine how high of a risk they feel you are. If an insurer decides you are high risk, your premiums will be much higher. Listed below are the factors that influence your rates.

Location. Providers look at your ZIP code, and depending on where you live, your ZIP code can have an impact on your rates. If you live in a certain part of Concord where many claims are filed, your premiums will be higher because you will be viewed as high risk.

Coverage amount. Rates will be higher based on the value of your home and its contents, and how much they are insured for.

Credit history. Insurance companies in N.C. can access your credit score and from this, can calculate your rates. If you have poor credit, your rates will be higher as you will be seen as high risk.

Claims history. Companies consider any previous claims submitted by you and will increase your rates if you have filed claims previously. This is because you are deemed more likely to submit a claim again in the future.

Your home’s age. When calculating your rates, insurance providers look at the age of your home, as the older it is, the more likely the materials used during construction are beginning to deteriorate. This includes things such as plumbing and electrical systems.

Deductible. If you opt for a higher deductible, you will find that your rates will be lower. Be sure to select a deductible that’s affordable to you.

For Concord homeowners, severe weather can pose a potential threat. This is another reason that Concord’s rates are considerably higher than other cities.

North Carolina Home Insurance Laws To Be Aware Of

Purchasing home insurance is not a requirement in North Carolina, although it may be a requirement for those with a mortgage, or anyone part of a Homeowners Association (HOA).

In The News

ABC affiliate, WTVD, reported in Raleigh that North Carolina residents are noticing their insurance premiums getting higher and higher. This is due to the cost of lumber increasing by 21% within the last year, along with the cost of roofs rising by 22%. A 2023 report predicted a 9% increase in rates for this year.

Information About Concord

As the county seat and most populous city in Cabarrus County, with a total of 105,240 participating in the 2020 census, Concord is located within the Charlotte Metropolitan area and is home to some of most popular tourist destinations found in North Carolina. These include the Charlotte Motor Speedway and Concord Mills Mall. The city of Concord was primarily known for its cotton production; however, it is now a major textile manufacturing hub.

Concord values racing and its history. Popular museums to visit are the Historic Cabarrus Association, Inc., and Bost Grist Mill.

Home Insurance Discounts In Concord

Despite the high rates, a number of Concord’s insurers offer discounts to homeowners. Be sure to discuss these discounts with your agent, as they could save you money.

Your home may have features that make it eligible for a discount. These include:

New or renovated home discount. If your home has been built or renovated recently, it could be eligible for a discount as materials used are less likely to fail.

Disaster preparedness discount. For cities that often see severe weather, a discount may be offered if you are taking preventative steps to reduce risk of damage caused by a storm. These include adding storm shutters, reinforcing doors, and adding shatterproof glass.

Safety and security discounts. Discounts could be offered to residents who add smoke detectors, fire alarms, burglar alarms, water shut-off devices, fire extinguishers, and deadbolts on exterior doors.

Proximity to a fire hydrant or fire department. Companies may offer a discount if you live close-by to fire-damage control resources.

Roof age discount. Roof repair costs are significant loss-leaders for home insurance providers.

Military discounts. If you are an active military member, retired from the military, or family of a military member, you could be eligible for a discount.

Employment, organization, and association discounts. Home insurance providers could offer a discount for people working within certain sectors, including education. You may also be eligible for a discount if you are a union, organization, or professional association member.

Seniors or retirees. Some home insurance providers will offer a price break if you’re retired or over the age of 55 and working part-time. To be eligible to apply for a discount, the home you’re wanting to insure must be your primary residence, you must be 55 or over, and work outside of your property for less than 24 hours per week.

Bundling discount. You may be eligible for a discount if you have several policies with the same provider.

You can also save money on your home insurance by increasing your deductible and maintaining a good credit rating.