Updated: December 12, 2024
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In Raleigh, N.C., Auto-Owners Insurance is both the overall best and most affordable option for home insurance. If you value excellent customer service, Erie may be your top choice.
Choosing the best inexpensive home insurance depends on what you value, such as costs or how a company helps when you have questions or problems.
Best HomeInsuranceRaleigh, NCTable of Contents
Why Trust MoneyGeek? We used data and rates from the North Carolina Department of Insurance and Quadrant Information Services to select the top homeowners insurance options in Raleigh.
Home insurance premiums in Raleigh represent the latest available quotes as of September 2024.
MoneyGeek found that Auto-Owners Insurance is the best option in Raleigh, N.C., with a MoneyGeek score of 93 out of 100 for $100K dwelling coverage.
The scores for home insurance companies in Raleigh range from 44 to 93. These figures are based on MoneyGeek's scoring system, and insurers may have different scores depending on your credit history and the age of your home.
| Auto-Owners Insurance | 93 | $1,075 |
| Erie | 60 | $1,734 |
| Heritage Insurance | 54 | $1,383 |
| Farmers | 44 | $1,765 |
MoneyGeek found that Auto-Owners is the best option for $100K dwelling coverage in Raleigh, N.C. When it comes to protecting your home in Raleigh, the two best overall home insurance providers for $100K dwelling coverage are:
Auto-Owners stands out as the best home insurance provider due to its excellent customer satisfaction and the highest score in coverage options.
Raleigh, N.C., homeowners have a choice among various companies, each offering different costs and service experiences. While affordability is key, other factors — such as customer support and coverage options — are important, especially when filing a claim.
Auto-Owners Insurance gets a high MoneyGeek score because of its top marks in affordability and excellent customer satisfaction. It offers coverages like guaranteed replacement cost and equipment breakdown, which can help if your house needs extensive repairs. However, it doesn't have every rare coverage out there. This company lets you save money with discounts like paperless billing and responsible payment. For example, choosing paperless billing helps the planet and lowers your insurance bill.
When you pick Auto-Owners, you get great coverages that ensure your home and things are well protected. Guaranteed replacement cost is a big help — if your house is damaged, Auto-Owners will pay to fix it, even if it costs more than your policy limit. Equipment breakdown coverage can cover the repair costs if something breaks down in your home, like your fridge or washing machine. It also has coverage if you must fix or replace items to follow new building laws.
MoneyGeek found that Erie provides the best customer service in home insurance in Raleigh, N.C., for $100K dwelling coverage. Here are the top providers for this coverage level:
Erie stands out as the best due to its high customer satisfaction scores and solid coverage scores. Homeowners should choose Erie for reliable service and comprehensive coverage. Excellent home insurance service includes prompt claims handling, clear communication and supportive customer interactions.
Erie stands out for exceptional service, particularly due to its Satisfaction and Coverage contributions to its high MoneyGeek score. It offers a comprehensive home insurance package that includes guaranteed replacement cost and scheduled personal property. Additionally, Erie helps homeowners save with discounts such as early payment, which rewards you for paying your policy in full before the due date.
Homeowners choosing Erie can benefit from key coverages like guaranteed replacement cost, which ensures full home replacement regardless of the cost, and coverage for valuables, providing ample protection for items like jewelry. This combination creates a solid foundation for home insurance customers seeking thorough protection and financial security.
MoneyGeek found that Auto-Owners is the best cheap option in Raleigh, N.C., for $100K dwelling coverage. The top two best cheap insurance providers for $100K dwelling coverage are:
Auto-Owners excels with its high customer satisfaction score and commendable coverage options. Although cheap home insurance means lower charges, ensuring enough coverage is also crucial. In instances where saving on premiums is a priority, considering the most affordable homeowners insurance companies may be beneficial.
What sets the best cheap home insurance apart from the cheapest is its value for money, balancing cost with the coverage that meets a homeowner's needs without being expensive.
Auto-Owners stands out with high MoneyGeek scores, largely thanks to its strong affordability and customer satisfaction ratings. While this company provides comprehensive home insurance coverage with add-ons like guaranteed replacement cost and scheduled personal property, it does not have some rare coverages. Homeowners can benefit from helpful discounts like responsible payment and going paperless to cut costs. For instance, the paperless discount is easy to get — simply switch to electronic billing and payment for potential savings.
Auto-Owners offers a variety of useful coverages for homeowners. Equipment breakdown coverage is valuable as it helps cover the unexpected costs of repairing or replacing home appliances and systems when they break down. Additionally, the add-on for cyber event/ID theft protection gives customers financial help if they fall victim to identity theft or cybercrimes. Lastly, building ordinance or law coverage can help pay for necessary upgrades to a home to meet current building codes after a covered loss, preventing potential out-of-pocket expenses for homeowners.
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
Various factors, including location, influence home insurance prices. Comparing rates is key to finding savings, but it often takes a considerable amount of time. Each company requires at least 15 minutes to review. If you check three or more companies, that could mean over an hour spent.
MoneyGeek's home insurance calculator can streamline this process, focusing on the main factors that shape premiums in Raleigh. Simply input details like age, dwelling coverage, credit score and deductible to promptly receive a rate estimate.
Auto-Owners stands out in Raleigh, N.C., as the most cost-effective option for homeowners insurance. The following companies offer the lowest annual premiums in their respective dwelling coverage categories:
Auto-Owners is recognized not only for its affordability but also for its high overall rating. While UPC Insurance offers competitive rates for higher coverage levels, it may not rank as high overall. Choosing the right amount of dwelling coverage is essential as it significantly affects the insurance premium.
Securing the cheapest homeowners insurance in North Carolina can be a smart strategy to handle personal finances better.
| Auto-Owners Insurance | $1,075 |
| Heritage Insurance | $1,383 |
| Erie | $1,734 |
| Farmers | $1,765 |
For high-value homes in Raleigh, N.C., Auto-Owners offers the lowest yearly cost for a $750K dwelling coverage policy. Higher home values require more insurance because it costs more to fix or rebuild them, which is why home insurance costs can be higher.
Auto-Owners stands out in Raleigh, offering the lowest cost for protecting expensive homes. While cost is essential, the insurer also receives a high rating from MoneyGeek, suggesting that being the least expensive doesn't mean compromising quality.
| Auto-Owners Insurance | $5,505 |
| UPC Insurance | $5,559 |
| Heritage Insurance | $6,578 |
| Erie | $9,178 |
| Farmers | $9,932 |
Auto-Owners is the most affordable option for new homes requiring $100K in dwelling coverage in Raleigh, N.C.
Auto-Owners offers the most competitive prices for homeowners insurance in Raleigh, N.C., making it an attractive choice for cost-conscious customers. However, having the lowest rates may not equal the best service quality. When securing home insurance, ensuring adequate coverage for your property is essential.
| Auto-Owners Insurance | $317 |
| Heritage Insurance | $518 |
| Farmers | $964 |
| Erie | $1,090 |
Securing the best cheap homeowners insurance is about finding a provider that delivers excellent customer service and comprehensive coverage at an affordable rate. Providers that achieve this balance offer peace of mind without breaking the bank, ensuring you are well protected from various risks to your home.
To guide you through the process, we outlined key factors to consider when seeking the best and most affordable homeowners insurance for your home.
To figure out how much home insurance you need, consider the specifics of your home — take into account the rebuilding costs, the value of your personal property and your liability needs.
Research insurance companies serving Raleigh. Look for those with strong financial stability, good customer reviews and a track record of quality service.
Once you know what coverages you need, compare home insurance quotes. For a dwelling coverage of $100K in Raleigh, N.C., premiums can vary from as low as $830 to as high as $3,859 annually.
Question each provider about discounts you may be eligible for, such as those for bundling policies, installing safety features or being claims-free.
Choosing a higher home insurance deductible can lower your premium, but ensure it's an amount you can afford to pay in case of a claim.
Installing security systems and robust locks can reduce your home's risk profile and potentially lower insurance costs.
In Raleigh, N.C., maintaining a strong credit score can influence the premium rates offered, as insurers often consider credit when assessing risk.
Combining your homeowners policy with auto or other insurance types from the same provider may unlock savings through bundled discounts.
The best cheap home insurance provider for you in Raleigh ultimately depends on how much coverage you need and how much you can spend. Get answers to some of the most commonly asked questions about the best cheap insurance rates in Raleigh, North Carolina.
The average annual cost of home insurance in Raleigh, North Carolina, is $1,106.
Auto-Owners offers the cheapest home insurance in Raleigh, North Carolina, with an annual premium of $1,075.
The best home insurance in North Carolina for Raleigh residents is provided by 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.
