Wilmington, NC Homeowners Insurance Rates
Average Homeowners Insurance Rates in Wilmington
Wilmington homeowners pay an average of $3,210 per year for a standard policy with wind and hail insurance coverage. The nationl average is around $2,300 a year or $192 a month.
- $457/year for a standard basic homeowners policy
- $1,800/year for wind & hail insurance
- $600/year for flood insurance
Total: $2,857/year or $238 a month (Premiums are usually paid annually)
Wind & Hail Insurance
Standard policies often exclude wind/hail damage. Coverage may be obtained through the NC Insurance Underwriting Association (NCIUA) or a separate policy. High-value homes may need excess wind & hail coverage. Homeowners living in Wilmington, NC pay for overall for homeowners insurance because they need to purchase a separate wind and hail insurance policy to protect the home from hurricane damage.
Flood Insurance
Flood damage is not covered by standard policies. Separate flood insurance is required in most areas along the coastline of Wilmington near the intracoastal waterway, averaging $600–920/year depending on flood zone areas. The close your home is to the waterline the more expensive your flood insurance policy will be because of the higher risk of your home flooding. Check out our NC Joint Underwriters and Wind Pool Map to help show the areas and flood zones.
Total Estimated Coverage Cost
| Coverage | Annual Cost |
|---|---|
| Standard homeowners policy | $457 |
| Wind & hail (separate/coastal) | $1,800 |
| Flood insurance (Lowest) | $600 |
| Total | $2,857/year |
Factors Affecting Your Premium
- Home value & rebuild cost
- Location & hazard zones
- Home features & code compliance
- Credit & claims history
- Policy structure (bundle or split)
Smart Takeaways
- Explore bundling vs. separate wind/hail policies
- Don’t skip flood coverage—even in low-risk zones
- Upgrade roof/features to save money
- Shop and compare rates annually
- Understand hurricane/named-storm deductibles
Coastal Knowledge & Coverage
Homeowners in Wilmington may pay anywhere from $2,800 to $7,200+ depending on policy structure. Working with a local agent familiar with coastal insurance can help you save and stay protected. Our coastal agents in Wilmington know how to help homeowners find the best rates and coverages for your home. Contact us today at NorthCarolinaHomeInsurance.com!
Why are coverages so confusing in coastal North Carolina?
You can expect to spend roughly $5k–$8.5k annually for full protection in Wilmington, North Carolina. Comparison shopping and bundling can reduce premiums significantly, especially when our agents can help you compare companies, discounts and deductibles. Coastal areas like Wilmington make it difficult to find cheaper rates due to the cost of home ownership meaning the cost to live near the coastline of North Carolina is much more expensive then buying a home inland. Also, your home is at a great risk due to wind and hail storm damage from rain storms and hurricanes. Getting the right home insurance coverage is helpful when it comes time to use your home insurance coverage to repair damages that may occur during a hurricane, lightning storm or flooding. Speak with an agent today at NorthCarolinaHomeInsurance.com so we can help you finalize your homeowners insurance coverage!
Compare rates from last year, easily click on our Wilmington NC Home Insurance Rates 2024 article to view a comparison on rates from the previous year.
