The Best Cheap Renters Insurance in North Carolina for 2024
Amica has the best cheap renters insurance in NC, at $13 per month on average.
Compare Cheap Renters Insurance Quotes in North Carolina
Best Cheap Renters Insurance in NC
Our experts found the best cheap renters insurance in North Carolina by comparing rates, coverage, unique offerings and customer satisfaction ratings from top companies.
ValuePenguin editors collected more than 100 renters insurance quotes across 25 of the most populated cities in NC.
Cheapest renters insurance in NC
Amica has the cheapest renters insurance rates in North Carolina at $13 per month for $30,000 of personal property coverage.
That's 28% cheaper than the North Carolina average of $17 per month. You can lower your monthly rate even more by taking advantage of one or more of Amica's discounts for renters insurance.
Compare Cheap Renters Insurance Quotes in North Carolina
North Carolina has the eighth cheapest renters insurance in the U.S. with an average cost of $17 per month for $30,000 of coverage for the items you own, called personal property coverage. That's 23% cheaper than the national average.
Top renters insurance companies in North Carolina
Company | Monthly cost | ||
|---|---|---|---|
| Amica | $13 | |
| State Farm | $15 | |
| Allstate | $19 | |
| Progressive | $19 | |
| Assurant | $21 | |
Best renters insurance in North Carolina for most people: Amica
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Editor's rating
- Cost: $13/mo
Amica has the best customer service and cheapest rates among top renters insurance companies in North Carolina.
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Cheap renters quotes
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Very few customer complaints
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Flood insurance available
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Few extra coverage options
Amica charges $13 per month for $30,000 of personal property coverage on average. That's 28% cheaper than the North Carolina state average.
Amica also gets 67% fewer complaints than an average company its size. It's a good idea to choose a renters insurance company that has a reputation for strong customer service. That's because you'll probably have an easier time when you file a claim.
Amica flood insurance for NC renters
Amica sells flood insurance to renters in North Carolina. It's a good idea to buy a separate flood insurance policy if you rent a ground floor unit in a flood-prone area.
Best renters insurance in NC for extra coverage: State Farm
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Editor's rating
- Cost: $15/mo
State Farm offers a broad range of extra coverage options for renters insurance.
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Many coverage add-ons available
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Affordable quotes
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Good renters-auto bundle
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Strong customer service reputation
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Few discounts
Consider State Farm if you want to personalize your coverage with extra add-ons.
State Farm offers more ways to personalize your renters coverage than most top renters insurance companies. This includes coverage extras that you can add directly to your renters policy and separate policies that complement your renters coverage like flood and earthquake insurance.
- Valuable items
- Umbrella policy
- Replacement cost
- Identity theft protection
- Water backup
- Flood insurance
- Earthquake insurance
State Farm charges $15 per month for $30,000 of personal property coverage on average. That's 14% cheaper than the North Carolina state average of $17 per month. You can lower your monthly rate even more if you bundle your renters and auto policies through State Farm.
State Farm also has a good reputation for customer service. The company scored above average on the most recent J.D. Power survey for customer satisfaction among top renters insurance companies. State Farm also gets a roughly average amount of complaints compared to an average company its size.
Best renters insurance in North Carolina for military families: USAA
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Editor's rating
- Cost: N/A
USAA has a strong customer service reputation and special benefits for military members.
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Good customer service
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Strong renters auto bundling discount
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Special benefits for service members
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Only available to current and former military members and their families
USAA only sells insurance to current or former military members and their families.
If you qualify for USAA, it's usually the best choice for renters insurance because of its strong reputation for service. The company gets less than half as many complaints as an average insurance company its size.
The company also offers coverage and benefits tailored specifically for service members. For example, you may qualify for a discount on your renters insurance if you live on base or if you're currently enrolled in a military college or service academy.
You don't have to pay a deductible when you file a claim for your military uniform, body armor, flight case, insignia or headset. The company also won't charge a deductible for any personal property that's destroyed, lost or abandoned because of a war outside the U.S.
USAA will create a custom payment schedule for service members. That means you can delay your payments until you get paid if you're currently in the military.
North Carolina renters insurance: Costs by city
Jacksonville, a city with a large military base, has the most expensive renters insurance in North Carolina at $29 per year for $30,000 of personal property coverage.
Asheville, a well-off Appalachian mountain town, has the cheapest rates at $13 per month.
Jacksonville's position on the North Carolina coast may contribute to its high rates. In contrast, Asheville's mountain surroundings protect it from some extreme weather events. It's also worth noting that Jacksonville is one of the youngest cities in the U.S. while Asheville has a much older population on average.
City | Monthly rate | % from average |
|---|---|---|
| Apex | $15 | -12% |
| Asheville | $13 | -23% |
| Burlington | $19 | 11% |
| Cary | $16 | -10% |
| Chapel Hill | $14 | -21% |
How to save on renters insurance in North Carolina
Save on your North Carolina renters insurance by shopping around and taking advantage of discounts.
You could save $104 per year by switching from the most expensive renters insurance in North Carolina, Assurant, to the cheapest, Amica. It's a good idea to compare renters insurance quotes because you can often save money without sacrificing service or quality.
For example, has both the cheapest rates and the fewest complaints of any renters insurance company in North Carolina.
Common renters insurance discounts in North Carolina
Most renters insurance companies offer several discounts that you can take advantage of to lower your monthly rate.
- Automatic payments
- Claims free
- Pay in full
- Renters-auto bundling
- Home protection device
- Loyalty
Common natural disasters in North Carolina
Renters in North Carolina may need coverage for fires, hurricanes and flooding.
You're not responsible for damage to the structure of your rented property. However, it's important to have coverage for the items you own like your furniture, clothes and jewelry.
Insurance for fire and smoke damage in NC
North Carolina had more than 5,300 wildfires in 2023.
While North Carolina doesn't rank among the top states for wildfires, the number has grown significantly in recent years. Fires are more common in the heavily forested western parts of the state.
Fortunately, you don't need extra coverage for wildfires. A standard renters insurance policy will pay for damage caused by fire or smoke.
Some insurance companies won't sell fire coverage to renters who live in areas that get a lot of wildfires. If you live in one of those areas, you can get wildfire coverage through the North Carolina state government's FAIR Plan.
Flood insurance in North Carolina
A standard renters insurance policy will not pay for damage caused by flood waters.
Consider buying a flood insurance policy if you live in a ground-floor unit in a flood-prone area. You probably don't need a flood insurance policy if your apartment is on the second story or higher.
Flooding is one of the most common natural disasters in North Carolina. Floods can happen in every part of the state at any time of the year.
You can find your area's risk level by using the map tool on the FEMA website.
Hurricane insurance in North Carolina
North Carolina has the fourth-highest number of hurricanes of any U.S. state. These powerful storms impact people living in every corner of North Carolina – not just those on the coast.
Your rental policy will cover most damage caused by hurricanes. In addition, many policies will pay for you to stay in a hotel or another short-term rental if you can't live in your apartment or rented home because of storm damage, called loss of use coverage.
However, your renters insurance policy will not pay for hurricane-related flood damage.
Frequently asked questions
Who has the best cheap renters insurance in North Carolina?
sells the best cheap renters insurance in North Carolina. The company has cheap quotes and a strong customer service reputation.
What's the average cost of renters insurance in Charlotte, NC?
Renters insurance in Charlotte, North Carolina costs $17 per month on average for $30,000 of personal property coverage. That's roughly equal to the statewide average.
Do you need renters insurance in North Carolina?
There's no law in North Carolina that says you need to buy renters insurance. However, some landlords require a renters policy as part of your lease agreement.
Methodology
ValuePenguin gathered hundreds of quotes from North Carolina's 25 largest cities for a single 30-year-old woman with no claims history. Coverage limits include:
- $30,000 of personal property coverage
- $9,000 for loss of use
- $500 deductible
- $100,000 of personal liability
- $1,000 of medical payments to guests
Customer service ratings were created using renters insurance quotes, complaint data from the National Association of Insurance Commissioners (NAIC) and the most recent J.D. Power 2023 renters insurance customer satisfaction survey.
These rates are only for comparative purposes. Your quotes will differ.
Information related to natural disasters came from Ready NC and North Carolina Flood Insurance.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.