Coastal Homeowners Insurance Coverage
Living in coastal regions of North Carolina offers breathtaking scenery and access to beautiful beaches from Wrightsville Beach to Corolla, but it also comes with unique considerations when it comes to homeowners insurance rates. Understanding the factors that influence insurance premiums in popular coastal counties can help homeowners make informed decisions.
Exploring Home Insurance Rates for Coastal Counties in North Carolina
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Dare County: Situated along the Outer Banks, Dare County is one of the most popular coastal destinations in North Carolina. However, its susceptibility to hurricanes and flooding makes home insurance rates higher compared to inland areas. On average, homeowners in Dare County can expect to pay around $1,500 to $2,000 annually for a standard homeowners insurance policy.
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New Hanover County: Home to Wilmington, one of the state's largest coastal cities, New Hanover County boasts beautiful beaches and a vibrant community. However, its exposure to hurricane risks contributes to higher insurance premiums. Homeowners in New Hanover County typically pay between $1,200 and $1,800 per year for home insurance coverage.
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Brunswick County: Stretching along the southeastern coast of North Carolina, Brunswick County is known for its picturesque coastal towns and golf communities. While home insurance rates in Brunswick County are slightly lower than in some other coastal areas, they still range from $1,000 to $1,500 annually on average.
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Carteret County: Located on the Crystal Coast, Carteret County offers stunning waterfront views and charming seaside towns. However, its vulnerability to hurricanes and flooding contributes to higher insurance premiums. Homeowners in Carteret County can expect to pay between $1,500 and $2,000 per year for home insurance.
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Onslow County: Home to Jacksonville and the Marine Corps Base Camp Lejeune, Onslow County is a hub for military families and beachgoers alike. While home insurance rates in Onslow County are generally lower than in some other coastal counties, they still average between $1,000 and $1,500 annually.
These average homeowners insurance rates per county in coastal North Carolina reflect the unique risks and characteristics of each area. Factors such as proximity to the coast, historical weather patterns, and property values all influence insurance premiums differently. Homeowners in coastal counties should work with our professional coastal agents to ensure you have adequate coverage tailored to your specific needs and budget.
The rates above are priced for the cost of a standard HO-3 homeowners policy, this does not factor in the cost of wind and hail insurance usually paid separately to the North Carolina Joint Underwriting Association - North Carolina Insurance Underwriting Association (NCJUA/NCIUA). Plus, coastal properties sometimes require flood insurance which is a separate policy than your basic homeowners policy. Bundle your coastal homeowners insurance policy with us and save more overall per year. If you own a home east of the I-95, chances are you need a home and wind/hail policy. If your home is close to the coast, then you may need additional coverage. We are here to help you!
