North Carolina Renters Insurance: Best Online Quotes
So you’re about to move – or you just moved – and you know you need to get a renters insurance policy in North Carolina. What are the next steps? Who do you turn to and how do you make sure you have the right amount of coverage and protection for you and your family?
We’ve written the best North Carolina renters insurance throughout the state – and whether you’re settling in Charlotte or Raleigh, Greensboro or Durham, Insurance Geek can help you!
Do I have to have Renters Insurance in North Carolina?
While the state law does not necessarily require a renters insurance policy North Carolina, commonly most landlords will want you to have one. You don’t have to take us at our word. In many cases, your landlord or property owner will want you to have this policy in place as a condition of signing your lease and will stipulate that well before move-in. Without it, you may be financially liable for any medical injuries someone would suffer within the dwelling as well as the out-of-pocket loss of your property.
Fortunately, we offer affordable renters insurance policies in North Carolina that will help you pay less over time, and we find most of our North Carolinians pay less than the national average. Despite rising rental rates and the possibility of hurricanes, and the rough winters that sometimes come with rural life in North Carolina, renters insurance can still be affordable.
If you’re a Tarheel, you might find yourself paying $15 a month for insurance, while Clemson University students are paying similar kinds of premiums. College students always have housing needs, and we end up working with plenty of policies from students who are sick of the dorms and ready to transition to apartment living. We’d love to help you!
How much is renters insurance in NC?
Your premium is based on so many different factors, including your credit score, the materials the home is made out of, whether or not you’ve had a recent claim, your fire district and fire safety of your neighborhood, and so many other factors. We can work with you to discuss all those bullets and give you some ideas when the best time might be to get a renters insurance policy if you already have one and are looking for new rates.
We find that Amica generally has the cheapest rates for renters insurance in NC, at about $133, with Allstate topping out at $318. In terms of a nationwide measuring stick, our general median for people all over the US is a little over $300, so you’ll find North Carolina is on the cheap side of that. That doesn’t stop us from providing the best life insurance in North Carolina – it just means that in this state, you’ll pay a little less.
People in North Carolina are paying about $1469 for rent. Note that in metro areas this price is going to be a little higher, which drives up the average. What’s best depends on your specific situation. The premiums you’ll pay depend on a variety of factors, and what part of the state you live in does make a difference.
Our top metros in North Carolina include:
- Charlotte
- Raleigh
- Greensboro
- Asheville
- Wilmington
We recommend $20,000 in personal property coverage to ensure your belongings are replaceable should they be damaged in some type of events like fire or another catastrophe.
We also recommend $100,000 in medical liability insurance to cover medical expenses you are found liable for if someone is injured or in an accident on your property.
We recommend $1000 in renters loss of use coverage in the event you are unable to use your home for everyday things like cooking, bathing, etc. You will need to pay to eat out, for example, so it’s important to be able to have this coverage if you can’t use your home for everyday activities.
You should talk to us or your agent about replacement cost value vs. actual cash value of your items. RCV considers depreciated costs and we recommend this as the best way to calculate your total personal property.
What is covered with renters insurance?
As you know, North Carolina is a coastal state, and if you’re close to the shore there’s a greater possibility of getting involved in a hurricane, tropical storm or any other coastal issue. Tornadoes, lightning storms and severe winter weather plague the inland, and there’s always the chance of fire with any structure or dwelling. The right rental protection ensures you’re covered in case of any of the catastrophic events above.
How much coverage will I need?
We recommend working with us to add up your personal property as an itemized list so we can determine the amount of coverage you need. It’s important that you review this with us to keep this list as honest as possible, going from room to room to assess the total value of your belongings. We can work the list with you and decide whether or not $20,000 will be enough coverage, or whether we might recommend more.
Keep in mind that carriers do have coverage limits, and we feel you are going to exceed those coverage limits we can talk to you about the next best step.
Can I get discounted rates?
Carriers love to discount you for loyalty. For example, if you bundle your insurance across different lines with the same carrier by buying home, auto, renters, life or any other type of insurance, you could see a steep discount at payment time. Carriers also love it when you pay for your policy in full, so if you are willing to pay upfront you could save additional monies on your overall premium.
We love working with our North or Carolina renters, whether they are Tar Heels or just looking to get into a new place or get a new quote, and we love to help you. Talk to us about your specific needs and how we can help you and your family and will come back to you with a customized quote from several different carriers that take into consideration your specific needs. We’d love to work with you.
Simply talk to us about what you can afford, what your property itemization looks like and whether or not you could bundle lines or pay for your premium control, and we can talk about what the best North Carolina renters insurance solution for your family might be.