Homeowners Insurance In North Carolina For December, 2024

Nationwide holds an A+ (Superior) financial strength rating from AM Best but receives low marks in customer satisfaction due to many negative online reviews from policyholders. The company has a solid network of agents across North Carolina, with numerous local offices.

Nationwide’s standard home insurance policy provides coverage that many other insurers don’t offer, such as reimbursement for credit card fraud and ordinance or law coverage for rebuilding to meet stricter codes.

You can further personalize your policy with options like Better Roof Replacement, which covers the cost of upgraded roofing materials if replacement is needed after a qualifying event.

The Brand New Belongings option offers replacement cost coverage for your personal items. If your belongings are damaged or destroyed, you’ll be reimbursed for their depreciated value, and after buying replacements, you can submit receipts to Nationwide to get reimbursed for the difference.

Farmers not only ranks highest for the perks it offers, but also scores highly for its “online experience” thanks to how effectively it explains these perks and discounts to both current and potential policyholders. Some of these home insurance perks include:

• Guaranteed Replacement Cost: Farmers covers the total cost of rebuilding your home, regardless of the amount.
• Claim-Free Discount: Get a discount on your home insurance if you haven’t filed a claim for three years.
• Multi-Policy Savings: Save up to 34% on Farmers home insurance by bundling multiple policies.
• Claim Forgiveness: After staying claim-free for five years, Farmers won’t raise your premiums if you file a claim.
• Declining Deductible: Earn $50 each year toward your home insurance deductible as long as your policy stays active.

Farmers’ overall rating of 9.3/10 takes into account its low J.D. Power customer satisfaction scores for policyholder service.

We chose State Farm as the best overall option due to its strong agent network in North Carolina, high customer satisfaction scores, and affordable rates. Its top J.D. Power ratings for policyholder service are essential not only for agent support after a tornado or severe storm but also for the large number of claims adjusters and offices located throughout North Carolina.

At State Farm, you can start with a standard homeowners policy and customize it with additional coverage options to suit your needs. These extras may include protection for complying with new building ordinances, identity theft coverage, and insurance for valuable items like jewelry or collectibles. State Farm also holds the highest possible financial strength rating from AM Best, with an A++.

To get a quote from State Farm, you can start the process online. However, purchasing a policy requires working with a local agent. Once you’re a policyholder, you can access your account through the website or mobile app, where you can also file claims and sign up for paperless billing. The website also has a resource library for learning more about insurance.

Allstate offers 11 home insurance discounts, well above the industry average of seven. As a home insurance analyst, I find some of these discounts to be quite unique.

Allstate offers the following discounts:

Claims forgiveness: Extra coverage that prevents your rates from increasing after you file a claim.
Claims-free: Customers can receive 5% back when renewing if they stay claims-free each year.
Deductible reward: Get $100 off your deductible when you sign up.
Bundle: Save up to 25% by bundling home and auto insurance.
Automatic payment: Save up to 5% by setting up automatic payments.
Loyalty: Earn up to 10% off for renewing with Allstate.
Home buyer: Discount for those who recently purchased a home.
New home: Discount for insuring a newly built home.
Responsible payment: Get additional savings for maintaining a good payment history.
Early payment: Save up to 10% when buying a new policy at least seven days before your current one ends.
Protective device: Discount for installing fire and theft protection systems.

Allstate provides nine optional coverage types for homeowners insurance, nearly double the industry average of five. In addition to standard options like ID theft protection and scheduled personal property coverage, Allstate offers unique coverage for homeowners, including yard and garden insurance, which raises the limits for replacing landscaping and lawn equipment like riding mowers.

Chubb provides the most affordable home insurance in North Carolina, with an average policy costing $1,362 annually, which is $1,170 below the state’s average price.

Chubb provides the lowest home insurance rates in North Carolina while maintaining excellent coverage. Their policies cater to high-value homes, and they are renowned for their financial strength and top-tier customer service. With Chubb, you get affordable premiums along with extended replacement cost coverage, ensuring your items are repaired or replaced, even if their current value is lower than the original price.