Updated: December 17, 2024
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In Durham, North Carolina, Auto-Owners Insurance is the overall best and cheapest choice for home insurance. However, if customer service is your priority, Erie is the best.
These companies cater to different needs. Choosing the best cheap home insurance depends on factors like budget, customer service and coverage.
Best HomeInsuranceDurham, NCTable of Contents
Why Trust MoneyGeek? We've used data from North Carolina's Department of Insurance and Quadrant Information Services to find the best homeowners insurance in Durham, ensuring our recommendations are reliable and data-driven.
Home insurance premiums in Durham represent the most competitive rates available as of September 2024.
MoneyGeek found that Auto-Owners Insurance is the best option in Durham, N.C., for $100K dwelling coverage, earning a MoneyGeek score of 93 out of 100.
The scores for home insurance companies in Durham range from 44 to 93. These scores reflect MoneyGeek's system — insurers might receive different scores based on factors like credit history and the age of your home.
| Auto-Owners Insurance | 93 | $1,045 |
| Erie | 63 | $1,785 |
| Heritage Insurance | 53 | $1,452 |
| Farmers | 44 | $1,912 |
MoneyGeek found that Auto-Owners Insurance is the best option in Durham, N.C., for $100K dwelling coverage. The two best overall home insurance companies in the city for the same dwelling coverage are:
Auto-Owners Insurance is the best home insurance provider because it offers a balance of affordability and customer satisfaction, significantly contributing to its high MoneyGeek score.
In Durham, insurance companies offer varying prices and service levels. While cost is essential, consider factors like customer service and claims handling, as they play a crucial role when making claims.
Auto-Owners Insurance scores high on affordability and customer satisfaction. It provides different useful coverages for homeowners. Guaranteed replacement cost ensures your home is fully covered if your policy limit is too low. Personal property replacement cost covers damage from appliance leaks and more. Scheduled personal property offers broader coverage for valuable items.
You can save with discounts like responsible payment, which rewards timely premium payments.
MoneyGeek found that Erie provides the best customer service for home insurance in Durham, N.C. Here's a quick look at the top two providers:
Erie stands out for its excellent customer satisfaction. Their attention to customer service makes them a reliable choice. Excellent service in home insurance means quick help, fair responses and a focus on what you need most.
Erie scores high in customer satisfaction and coverage. It offers guaranteed replacement cost and scheduled personal property coverages, which are great for protecting your home and valuables.
Erie also provides discounts like bundling and protective devices, helping you save money. You can qualify for these by insuring your home and car with Erie or installing safety devices in your home.
MoneyGeek found that Auto-Owners Insurance is the best cheap home insurance provider in Durham, N.C. The top two best and cheapest homeowner insurance companies for $100K dwelling coverage are:
Auto-Owners Insurance stands out for its high affordability score and good coverage. However, cheaper home insurance often means buying less coverage, which can be risky if something happens.
When saving on premiums is a priority, considering the cheapest companies or learning the average cost of homeowners insurance in North Carolina may be beneficial. The best cheap insurance balances low cost with decent coverage, differing from just the least expensive.
Auto-Owners Insurance scores high in affordability and coverage. It offers guaranteed replacement cost and scheduled personal property coverages, providing comprehensive protection. You can save with discounts like responsible payment and paperless billing. Paying on time for 36 months can qualify you for the responsible payment discount.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
Rates updated:
Dec 23, 2024
In Durham, several factors, like location, impact homeowners insurance. Comparing rates is the best way to save, but it can take 15 minutes per company. To compare three companies, expect over an hour of research. MoneyGeek's home insurance calculator simplifies this. Just enter your age, dwelling coverage, credit score, deductible, liability coverage and more to get an estimate.
MoneyGeek found that Auto-Owners Insurance is the best option in Durham, N.C., for affordable home insurance. This choice stems largely from the dwelling coverage you select. The cheapest overall options include:
Auto-Owners Insurance offers low rates. While its affordability makes it a good deal, it also ranks well overall. Buying the cheapest homeowners insurance in North Carolina helps manage your budget effectively.
| Auto-Owners Insurance | 1,045 |
| Heritage Insurance | 1,452 |
| Erie | 1,785 |
| Farmers | 1,912 |
Auto-Owners Insurance is the most affordable option in Durham, N.C., for high-value home insurance. High dwelling coverage is crucial for homes with higher replacement costs, and home insurance costs can increase as coverage amounts rise.
Auto-Owners Insurance stands out in Durham for cost-effective homeowners insurance. According to MoneyGeek, though it's the cheapest, the overall score indicates other factors to consider for value.
| Auto-Owners Insurance | $5,351 |
| UPC Insurance | $5,559 |
| Heritage Insurance | $6,906 |
| Erie | $9,421 |
| Farmers | $10,762 |
Auto-Owners Insurance offers the most affordable home insurance for new homes in Durham, N.C.
Auto-Owners Insurance has low annual premium costs for new homes in Durham, N.C. While it ranks highly across various dwelling coverages, it may not always be the best option according to other performance factors. When choosing insurance, make sure you are adequately covered.
| Auto-Owners Insurance | $308 |
| Heritage Insurance | $544 |
| Farmers | $1,044 |
| Erie | $1,141 |
The best cheap homeowners insurance providers balance quality and cost by offering excellent customer service and comprehensive coverage with affordable premiums. The best cheap homeowners insurance in Durham depends on your specific needs, so consider factors like coverage options and customer service. Follow these steps to get the best affordable home insurance.
To determine how much home insurance coverage you need, consider the specifics of your home in Durham, such as rebuilding costs, personal property value and liability requirements.
Research insurance companies operating in Durham. Focus on those with solid financial stability, positive customer feedback and a history of quality service.
Once you know your coverage needs, compare home insurance quotes. In Durham, $100K dwelling coverage premiums vary from $1,045 to $1,912 annually.
Inquire with each provider about potential discounts, such as those for bundling policies, installing safety features or maintaining a claims-free record.
Opting for a higher home insurance deductible can reduce your premium, but ensure it's an amount you can manage if a claim arises.
Enhancing home security with systems and sturdy locks can lower your home's risk profile and potentially decrease insurance costs.
Keep a strong credit score, as it influences your insurance rates in Durham. Pay bills promptly and minimize outstanding debt.
Consider combining your homeowner insurance with other policies like auto insurance to achieve discounts and savings.
The best cheap home insurance provider in Durham depends on your coverage needs and budget. Get answers to some of the most commonly asked questions about the best cheap insurance rates in Durham, N.C.
The average cost of home insurance in Durham is $1,142.
The cheapest home insurance company in Durham is Auto-Owners Insurance, with an annual premium of $1,045.
The best home insurance in North Carolina for Durham residents is from Auto-Owners Insurance, with a MoneyGeek score of 93 out of 100.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
