North Carolina has a population of 9.9 million. This state borders South Carolina, Georgia, Tennessee, Virginia, and the Atlantic Ocean. There are 100 counties in the state. Nicknames for North Carolina are Tar Heel State and the Old North State.
There are three different types of landforms here in NC. The coastal plain, land that is flat and sloping and extends the Atlantic Ocean and the Gulf of Mexico. The Piedmont, hilly land that borders the Coastal Plain. Furthermore, the Appalachian Mountains, are the largest mountains in the eastern US. These mountains cover land from Canada to northern Alabama. North Carolina also provides 300 miles of sandy beaches.
The cost of living in North Carolina is also a plus factor. The cost to live here is below the national average. This state provides the second largest state-maintained highway system. North Carolina is also the leading sweet potato grower in the US. In addition, its the second largest producer of Christmas trees in the entire country.
Determining the Cheapest Coverage Rates
In a recently conducted study, we compared quotes for a 1,500 square foot house. We gathered homeowners insurance quotes from five major insurance companies. The companies included were: State Farm, Progressive, Nationwide, and Liberty Mutual. Based on the sample house listed above, Progressive offered the cheapest average annual premium of $675.
Found in the western portions of the state, were the best cities with the cheapest homeowners insurance rates. The cost of insuring homes in this area was $780, less than what it would cost in a typical North Carolina Home.
Avoiding the Most Expensive Rates
The most expensive homeowners insurance in NC are found in certain parts of the state. Located along the eastern coast of the state, were the most expensive rates for home coverage. The eastern coast of the state experiences extreme weather conditions. As a result, these conditions will increase the risk of damage to homes, which will result in the insurance company paying out more frequently for a claim. Due to the home insurance company paying out more frequently, the rates will be more expensive.
Average North Carolina Homeowners Insurance Quotes by City
Charlotte is North Carolina’s largest city. Therefore this city’s population is 792,800. Charlotte is home to the headquarters of the Bank of America and Wells Fargo operations of the east coast. Charlotte is known as the second largest banking center in the US. Charlotte’s nickname, “Queen City”, was given in honor of Charlotte of Mecklenburg-Strelitz. Coverage in this area will cost an estimated $950 dollars annually.
Raleigh is North Carolina’s capital. This city is known as “City of Oaks” because of its abundance of oak trees. Raleigh is also known as one of the fastest growing cities in the country. This city is also home to the first state art museum in the country. In conclusion, the average cost of homeowners insurance here is $1,123.
The city of Greensboro received its name after General Nathanael Greene. Greene was a leader. He led American forces in a Revolutionary War Battle. This city is also home to Vicks VapRub. Lunsford Richardson developed this home remedy and many others under the name Vicks in this city. Greensboro rates consist of an average of $951.
This city is home to Duke University. Durham is also a part of the Research Triangle metropolitan region. This region consists of the cities Durham, Raleigh, and Chapel Hill. Research Triangle Park is home to the bar code. George Laurer founded the bar code. Furthermore, the first bar code item to be successfully scanned was Juicy Fruit gum. In addition, this pack of gum is on display now at the Smithsonian museum. The average coverage premium here is $909 annually.
This city has a population of 236,440. Winston-Salem is also known as “Camel City” because the popular camel cigarettes were produced here. R.J Reynolds Tobacco Company produced Camel Cigarettes. Krispy Kreme Doughnuts were also invented in this city. This city is also well known for its traditional furniture company. In addition, this city is one of the top cities to retire in. North Carolina homeowners insurance quotes in this city annually are on average $927.
Fayette, North Carolina is one of thirteen Fayetteville’s in the United States. Fayetteville is home to Fort Bragg. A major United States Army installation northwest of this city. This city is also home to the very first Golden Corral buffet chain. Golden Corral was originally known as the “Golden Corral Family Steak House”. Annual homeowners premium here is an estimated $1,349.
One of the safest major cities in the US is Cary. Therefore the city has an extremely low crime rate. The city of Charlotte has a crime rate eight times the rate of Cary. Within the last five years, Cary’s population grew over 18,000. For coverage in Cary, the estimated annual premium is $1,025.
This city is also home to the historic Riverwalk. The Riverwalk of Wilmington is a wooden walkway that exceeds the borders of the Cape Fear River. Here you can see many landmarks and the heart of downtown Wilmington. The Riverwalk is open 24/7 and stretches for a mile. Wilmington is also home to the largest TV and movie facility outside of California. The premium here averagely for home insurance is $1,733.
This North Carolina city is well known for furniture manufacturing. The semi-annual High Point Furniture Market attracts thousands of exhibitors. Therefore, North Carolina homeowners insurance quotes here costs you an estimated $940.
Located in the heart of the Blue Ridge Mountains is the city of Asheville. This town is known for its art and historic architecture. The Downtown art district in Asheville has many galleries and museums. The River arts district is also home to artists’ studios. The average cost of homeowners insurance in Asheville is $859 annually.