Home Insurance in Raleigh
Looking for a guide to home insurance in Raleigh, North Carolina? You’re in the right place. And while it’s no surprise that the second-most populous city in the Old North State — behind Charlotte — has a lot of home insurance options, finding the right policy for you can be more complicated than expected.
From how much you can expect to pay per year to the extra protection you might need to protect your Raleigh home, allow Hippo to walk you through everything you need to know.
How much is homeowners insurance in Raleigh, NC?
Homeowners insurance in Raleigh NC, costs $1,738, according to Insurance.com. That’s about $500 more than what you’d pay to get home insurance in other parts of North Carolina. However, for that same amount, you could also get 49 sweet potato pies at Raleigh’s Slice Pie Company, which is a pretty sweet deal if you ask us.
What factors influence my home insurance rate?
The main factors influencing your home insurance rate are your home’s age, location, size, current condition, as well as your claim history. But that’s not the only thing that can cause your rates to change. Because while nothing can beat floating in your backyard pool during the heat of the summer, you should know pools can boost home insurance costs by upwards of $50 a year due to the additional liability risk.
Raleigh Home Insurance Premiums
What does home insurance in Raleigh cover?
When you buy home insurance in Raleigh, your home’s structure, its contents, and your liability will all be covered. So if you’re a trail nut whose bike is stolen from your garage during a break-in, you’d likely be protected to replace what you lost and fix any property damage done by the thieves. That way, you can get back to riding through Raleigh’s 180 miles of greenway trails as soon as possible (and without a strain on your wallet).
Home insurance protects a lot, but there are some things that may not be covered in your basic policy. This includes coverage for certain natural disasters and appliance malfunction. If you do need protection for these things, though, don’t panic, because that’s where insurance riders come in handy. More on that below.
Raleigh Insurance Coverage Options
Traditional coverage
Physical Structure
Living Expenses
Liability Protection
Additional Structures
Personal Possessions
Supplemental coverage
Fire
Earthquake
Flood
What Raleigh, NC residents need to know
When disaster strikes, you deserve to have a home insurance policy that has your back. Hippo’s eventual goal because though we aren’t live in North Carolina just yet, we will be soon. And when we do, expect to get protection from Raleigh realities like hurricanes, tornados, and flooding.
Given the area's propensity for these weather events, it’s important to scan your policy and make sure you have the coverage you need. Raleigh homeowners may want to add on riders such as hurricane insurance, water backup coverage, windstorm insurance, and flood insurance for full protection.
How to lower your Raleigh home insurance premium
Though the cost of living in Raleigh is 5% lower than the national average, that doesn’t mean Raleigh homeowners don’t deserve to save more if they can. While home insurance prices are significantly higher in the City of Oaks than the rest of the country, there are still ways to bring down your premium.
First, you can start by prepping your home to stop problems before they start. Technology is a great place to start. Investing in smart home devices, like water leak sensors, security cameras, and smart thermostats will help your home become less of a risk to protect.
Some companies (like us) offer smart home kits with your policy to help you get started on this process with ease, but you can always purchase the smart home devices yourself if needed, just make sure to let your current home insurance provider know because there may be a discount with your name on it.
Already decked out your home with the latest tech and want to save even more? To do so, you’ll need a long-term plan. Keeping your home in tip-top shape as it ages can help you save money over time, so home maintenance and upgrades are a must. Again, it is best practice to keep your home insurance provider informed about these changes as they happen, so you can get the coverage (and discounts) you deserve.
From Cameron Park to Wake Forest and every neighborhood in between, you’ll need home insurance. Get a quote today to learn more about how we’ve modernized home insurance.
