Best cheap homeowners insurance in Charlotte

The average price of a home in Charlotte, North Carolina, has jumped roughly $50,000 from the previous year to a current median home value of $295,000. Almost 53% of the homes in the city are occupied by the owner. You probably know that Charlotte home insurance is essential to protect your investment against theft, burglary, and extreme weather.

Home insurance Charlotte rates are $1,131 per year for a $250,000 dwelling — close to the state average of $1,295. What is the difference between what you currently pay and this? There may be lower rates available from another carrier, particularly if you are a member of one of thecheap home insuranceCharlotte businesses. Bankrate evaluated customer satisfaction, coverage options and average rates to find the best Charlotte home insurance.

Charlotte’s best home insurance company

We gathered data from the top Charlotte homeowners insurance providers. We compared rates, company options, and customer ratings to narrow down the list to five carriers that provide affordable home insurance Charlotte. J.D. Power’s study on home insurance was an objective source for customer reviews. This is how the top five insurance companies compare.


Travelers Insurance offers the cheapest coverage in Charlotte. Average rates in Charlotte are $863 per annum. You might be able to find lower rates by taking advantage of the Travelers’ discount. Some of the more substantial include multi-policy that combines home and auto insurance for up to 15% off. Additional discounts may be available for homeowners or new homebuyers who live in a LEED-certified eco-friendly home.


Kemper Insurance offers a variety of discounts that can help you beat the average home insurance rate in your area. Bundling, a discount on renovations and discounts for homes with modern heating, electrical, or plumbing could help you save 10% or more on your premiums. Kemper offers additional coverage options such as trip interruption, dependent coverage, enhanced car seat protection and pet coverage, as well as roadside assistance.


According to the Census Bureau, over 35,000 Charlotte residents are veterans. Any veteran, a member of the military, or a relative eligible could join USAA to receive its members-exclusive, high-quality home insurance at lower rates than average. USAA’s rates may not be the most affordable, but they offer a lot of value for the money. USAA HO-3 provides replacement value coverage, which can be very helpful in the event of a claim. Replacement value covers the cost of new items that are damaged or lost in an incident covered by your policy. Most policies only cover actual cash value. This pays for the item’s value after subtracting depreciation.

All over the country

Nationwide’s standard home policy covers you and your property for the essentials. The company offers special coverages that are different from other companies. Ordinance insurance covers you for unexpected costs, such as the cost of repairs or rebuilding your home according to current building codes. To account for price rises, you can add 20% to your replacement cost. Water backup adds to your home’s water coverage. It covers water damage from a sump pump overload or backed up sewer. Although you may pay a small up-charge for these coverages, it could save you thousands in costs.


Erie Insurance, a Pennsylvania-based company, is rising up the ranks to become one of the most important carriers in the United States. It now ranks as the 19th largest insurer. Erie’s standard home policy meets HO-3 requirements. To provide additional protection for your home, you can add on services such as water backup and identity recovery.

Charlotte home insurance options

Although home insurance is not required by law, it can be used to cover damages to your home if it is damaged by fire, flood or burglary.

Although 30 hurricanes have hit the Charlotte area in the last 100 years, the risk of hurricanes is low. The following add-ons to a homeowners policy could give you financial protection in the event of an unexpected.

  • Personal liabilityIf your dog bites someone, you could be held responsible. If someone gets hurt or drowns in your swimming pool, you are also more vulnerable than usual. To cover higher-risk situations like those mentioned, personal liability insurance can be added to your policy.
  • Flood insuranceApproximately2,900In Charlotte’s floodplain, structures and dwellings can be found. Flood insurance cannot be included in an HO-3. You will need to purchase it separately.
  • Water backupFlood damage from a backed up sewer or sump pump will not be covered by a basic insurance policy.

Charlotte home insurance discounts

We’ve covered how to save money on your home insurance. Getting quotes from several companies can help you estimate how much you will pay. After you have found a carrier that you like, take a look at the discounts available to policyholders. These include:

  • Advance discountSign up now for your home insurance before it expires to get a discount
  • BundlingYou could get a lower price if you have both car and home insurance from the same company.
  • Renovation of your home: Home insurance rates can be reduced if you live in a Charlotte historic home.
  • Protective devicesYou can lower your insurance premiums by installing deadbolt locks, security systems or fire alarms.

Questions frequently asked

Which Charlotte home insurance company is best?

Travelers Insurance is Charlotte’s best home insurance company. It offers the perfect combination of low premiums, excellent customer ratings, and a wide range of coverage options and discounts.

What is the cost of Charlotte home insurance?

Charlotte home insurance costs an average of $1,131 annually for a $250,000 house. Compare quotes from several home insurance companies to find the best rate.