Best Renters Insurance in North Carolina (2026)

State Farm ranks as North Carolina's best renters insurance company with a MoneyGeek score of 4.7 out of 5 and costs $10 monthly for quality coverage.

Find out if you're overpaying for renters insurance with our tool below.

Written by Mark Fitzpatrick

Updated: March 22, 2026

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Key Takeaways: North Carolina Renters Insurance

Top renters insurer in North Carolina: State Farm

Most affordable renters insurance in North Carolina: Farm Bureau

North Carolina average renters insurance cost: $220 per year

Top 5 Renters Insurance Companies in North Carolina

North Carolina's top renters insurance provider is State Farm, which earns a MoneyGeek score of 4.7 out of 5. At $10 monthly, the company scores well for affordability and customer experience.

The top five renters insurance companies in North Carolina with the highest MoneyGeek scores are:

State Farm
Erie
Auto-Owners
Farm Bureau
Allstate


State Farm	4.65	$10	$120
Erie Insurance	4.57	$23	$281
Auto-Owners Insurance	4.52	$12	$139
Farm Bureau	4.51	$8	$92
Allstate	4.29	$15	$180

*Rates for renters aged 26 to 64 with good credit and no claims history. Policy includes $20,000 in personal property coverage, $100,000 in liability coverage and a $500 deductible.

Compare the Best North Carolina Renters Insurance Providers

State Farm

Best for North Carolina Renters

MoneyGeek Rating

4.7/ 5

4.9/5Affordability

4.6/5Customer Experience

3.9/5Coverage

J.D. Power Renters Insurance Customer Satisfaction Score
685/1,000
Average Annual Premium
$120
Average Monthly Premium
$10

pros
- Ranks #1 overall for renters insurance in North Carolina
- Monthly rates 45% below the state average at $10
- Broad coverage options backed by high financial stability ratings
cons
- Coverage options don't lead the market compared to top competitors
- Limited online account management and digital tools
- Policy changes usually require speaking with an agent
State Farm has a large network of agents across North Carolina, giving renters easy access to local support when questions or claims come up. The company earns a MoneyGeek score of 4.7 out of 5 and ranks well for both affordability and customer satisfaction.

Policyholders can report and track claims through State Farm’s mobile app, which offers a simple way to manage a policy. The insurer also received a J.D. Power score of 685, placing it 17 points above the industry average of 668.
State Farm costs $10 per month or $120 annually in North Carolina for $20,000 in personal property coverage with a $500 deductible. That rate is $8 below the state’s $18 monthly average, saving renters about $96 per year.
Adult Renters $10 $120
Senior Renters $9 $109
Bad Credit Renters $14 $165
Low Income Renters $11 $135
House Renters $11 $135


Adult Renters	$10	$120
Senior Renters	$9	$109
Bad Credit Renters	$14	$165
Low Income Renters	$11	$135
House Renters	$11	$135

Erie

MoneyGeek Rating

4.6/ 5

4.2/5Affordability

5/5Customer Experience

5/5Coverage

J.D. Power Renters Insurance Customer Satisfaction Score
705
Average Annual Premium
$281
Average Monthly Premium
$23

pros
- Ranks #1 for coverage quality in North Carolina
- Includes $20,000 in personal property coverage
- Earns a #2 overall ranking among state insurers
cons
- Premiums run 28% higher than North Carolina average
- Monthly costs $23 vs. competitors averaging $18
- Lower affordability score makes it a pricier option
Erie's local agent network spans North Carolina, giving renters direct access to professionals who know the state's rental markets. The insurer earned a MoneyGeek score of 4.6 out of 5, with high marks for customer experience and coverage. Its J.D. Power score of 705 is 37 points above the 668 industry average.
At $23 per month or $281 per year, Erie costs about $5 more than North Carolina’s $18 monthly renters insurance average for a policy with $20,000 in personal property coverage and a $500 deductible.
Adult Renters $23 $281
Senior Renters $21 $256
Bad Credit Renters $69 $825
Low Income Renters $33 $401
House Renters $26 $315


Adult Renters	$23	$281
Senior Renters	$21	$256
Bad Credit Renters	$69	$825
Low Income Renters	$33	$401
House Renters	$26	$315

Auto-Owners

MoneyGeek Rating

4.5/ 5

4.8/5Affordability

4.7/5Customer Experience

2.5/5Coverage

J.D. Power Renters Insurance Customer Satisfaction Score
649/1,000
Average Annual Premium
$139
Average Monthly Premium
$12

pros
- Ranks third overall among North Carolina renters insurance providers
- Below-average rates save you about $72 annually compared to the state average
- Agent-based service provides direct support for policy questions
cons
- Coverage options rank seventh, limiting your protection choices
- Requires working with an agent rather than buying online directly
- Digital tools can't match what larger national insurers offer
Auto-Owners gives North Carolina renters access to a network of local agents who provide in-person support when questions come up. The company earns a MoneyGeek score of 4.5 out of 5, with high marks for customer experience and affordability. Its renters insurance policy comes with identity theft protection. Auto-Owners records a J.D. Power score of 649, which is 19 points below the 668 industry average.
Auto-Owners charges about $12 per month, or $139 per year, for $20,000 in personal property coverage with a $500 deductible. That rate is $6 lower than North Carolina’s $18 monthly average, which adds up to about $72 in yearly savings.
Adult Renters $12 $139
Senior Renters $11 $126
Bad Credit Renters $60 $719
Low Income Renters $21 $249
House Renters $13 $155


Adult Renters	$12	$139
Senior Renters	$11	$126
Bad Credit Renters	$60	$719
Low Income Renters	$21	$249
House Renters	$13	$155

Farm Bureau

MoneyGeek Rating

4.5/ 5

5/5Affordability

4.4/5Customer Experience

2.8/5Coverage

J.D. Power Renters Insurance Customer Satisfaction Score
N/A/1,000
Average Annual Premium
$92
Average Monthly Premium
$8

pros
- Most affordable renters insurance rates in North Carolina
- Includes standard personal property and liability coverage
- Has a local agent presence throughout the state
cons
- Limited coverage options compared to top-rated competitors
- Coverage quality ranks lower than other major insurers
- Fewer policy customization choices than industry leaders
North Carolina renters get personalized, in-person claims support through Farm Bureau's local agent network. The insurer earned a 4.5 out of 5 MoneyGeek score, with high marks for affordability and customer experience. Its agents operate in nearly every county in the state.
With Farm Bureau, renters in North Carolina pay around $8 monthly, or $92 annually, for $20,000 in personal property coverage and a $500 deductible. The price runs $10 below the state’s $18 monthly average, leaving about $120 in annual savings.
Adult Renters $8 $92
Senior Renters $7 $84
Bad Credit Renters $8 $92
Low Income Renters $8 $92
House Renters $9 $103


Adult Renters	$8	$92
Senior Renters	$7	$84
Bad Credit Renters	$8	$92
Low Income Renters	$8	$92
House Renters	$9	$103

Allstate

MoneyGeek Rating

4.3/ 5

4.6/5Affordability

4.3/5Customer Experience

2.9/5Coverage

J.D. Power Renters Insurance Customer Satisfaction Score
638/1,000
Average Annual Premium
$180
Average Monthly Premium
$15

pros
- Monthly rates $3 below North Carolina's average
- Standard coverage includes $20,000 in personal property protection
- Competitive pricing makes it affordable for most renters
cons
- Ranks fifth out of five major insurers in overall performance
- Coverage quality scores below top competitors
- Fewer coverage options than higher-rated insurers
Allstate gives renters the option to file and track claims through its mobile app when property damage or theft occurs. The company earns a MoneyGeek score of 4.3 out of 5 and performs well for affordability and customer experience. Its renters insurance policy also includes identity theft protection. In J.D. Power’s study, Allstate receives a score of 638, which is 30 points below the 668 industry benchmark.
Allstate charges about $15 per month, or $180 per year, for $20,000 in personal property coverage with a $500 deductible. This rate is $3 lower than North Carolina's $18 monthly average, which works out to about $36 in annual savings.
Adult Renters $15 $180
Senior Renters $14 $164
Bad Credit Renters $15 $180
Low Income Renters $15 $180
House Renters $17 $202


Adult Renters	$15	$180
Senior Renters	$14	$164
Bad Credit Renters	$15	$180
Low Income Renters	$15	$180
House Renters	$17	$202

Who Has the Cheapest Renters Insurance in North Carolina?

For $20,000 in personal property coverage, North Carolina renters can pay as little as $8 per month through Farm Bureau. That's $10 less per month than North Carolina's $18 average, or $120 in annual savings.

Rates from the 7 most affordable companies range from $8 to $31 monthly for the same coverage. 4 of 7 insurers charge less than North Carolina's $18 state average.

Comparing quotes from multiple providers helps you find the most affordable coverage. Check out our guide to the cheapest renters insurance for more savings strategies.


Farm Bureau	$8	$-11
State Farm	$10	$-8
Auto-Owners Insurance	$12	$-7
Allstate	$15	$-3
Erie Insurance	$23	$5
Farmers	$29	$11
Nationwide	$31	$13

HOW MUCH IS NORTH CAROLINA RENTERS INSURANCE?

North Carolina renters pay $2 more per month than the national average of $16, with coverage costing $18 monthly or $220 annually. The state's frequent hurricanes and floods create serious property risks, while higher crime rates in cities like Charlotte compound the problem. These conditions lead to more frequent insurance claims, which drive up premiums across North Carolina.

North Carolina Renters Insurance Rates by City

Whittier offers the most affordable renters insurance in North Carolina at $13 monthly ($154 annually), while Wilmington has the highest rates at $48 per month ($578 annually). Most cities stay close to the state's $18 average, with local claims history and crime rates accounting for the pricing differences.


Cary	$15	$183
Charlotte	$14	$173
Durham	$15	$181
Fayetteville	$23	$272
Fort Bragg	$23	$272
Greensboro	$15	$174
High Point	$15	$176
Jamestown	$15	$176
Morrisville	$15	$183
Raleigh	$15	$180
Salisbury	$14	$164
Whittier	$13	$154
Wilmington	$48	$578
Wilson	$17	$201
Winston Salem	$15	$174

Cheapest North Carolina Renters Insurance by Coverage Level

Farm Bureau offers the cheapest renters insurance across most coverage levels in North Carolina. It's the most affordable choice from $20,000 to $100,000 in personal property coverage, all with $100,000 liability limits. The exception is the $250,000 tier, where State Farm offers the lowest rate at $31 monthly for $250,000 in personal property coverage and $300,000 in liability protection.


$20K Personal Property / $100K Liability	Farm Bureau	$8
$50K Personal Property / $100K Liability	Farm Bureau	$17
$250K Personal Property / $300K Liability	State Farm	$31
$100K Personal Property / $100K Liability	Farm Bureau	$34

North Carolina Renters Insurance: Buyer's Guide

The right coverage starts with knowing your options, estimating your property value and comparing quotes.

Tips to Get Cheap Renters Insurance Coverage in North Carolina

Get Quotes From Multiple Insurers

Comparing quotes can save you real money on renters insurance. Farm Bureau charges $8 monthly, while Nationwide charges $31 for identical $20,000 coverage. With a $23 monthly gap between the cheapest and priciest options, comparing at least three quotes is the best way to find the lowest rate.

Bundle Your Renters and Auto Insurance Policies

Pairing your renters and auto insurance with one company cuts 10% to 25% off both premiums. State Farm and Auto-Owners provide bundling discounts that reduce your overall insurance expenses while consolidating your monthly bills into one simple payment.

Increase Your Deductible

You'll pay lower monthly premiums when you choose a higher deductible. But you'll cover more costs when filing claims. Before making this change, verify your emergency fund can handle the increased out-of-pocket expense if you need to file a claim.

Ask About Available Discounts

Inquire about discounts since insurers don't apply them automatically. North Carolina insurers offer savings for security systems, smoke detectors, claims-free records and automatic payments. State Farm provides additional good student discounts for renters under 25 maintaining B averages or higher.

How Much Renters Insurance Do I Need in North Carolina?

Most North Carolina landlords require at least $100,000 in liability coverage, even though the state doesn't mandate renters insurance by law. Factors like pet ownership, credit score and rental history affect your coverage requirements. Your property value, local weather risks and crime rates should inform your coverage limits.

Use our calculator below to find out how much renters insurance you need.

Personal Property Coverage Calculator

When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.

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North Carolina Renters Insurance Coverage: FAQ

Review our experts' answers to frequently asked questions below:

Who has the best renters insurance in North Carolina?

State Farm earns the top spot for renters insurance in North Carolina with a MoneyGeek score of 4.7 out of 5. At $10 monthly, it offers high customer satisfaction at affordable rates.

What is the average renters insurance cost in North Carolina?

North Carolina renters insurance costs $18 per month or $220 annually for $20,000 in personal property coverage. The state's rates run $2 above the national average of $16 monthly because of major weather risks like hurricanes and higher property crime rates in metro areas.

How much would $100,000 worth of renters insurance cost?

Renters insurance with $100,000 in personal property coverage costs $81 per month or $969 annually in North Carolina on average. Farm Bureau provides the most affordable option at this coverage level for $34 monthly. Since most renters often choose $20,000 to $50,000 in coverage, the $100,000 tier works best for those with expensive belongings or valuable collectibles.

Is renters insurance required in North Carolina?

North Carolina doesn't legally require renters insurance, but most landlords mandate at least $100,000 in liability coverage as part of your lease agreement. Your specific requirements depend on factors like rental history, credit score and pet ownership. Review your lease carefully to understand the exact coverage amounts your landlord requires.

Our Methodology: Finding the Best Cheap Renters Insurance in North Carolina

We analyzed North Carolina renters insurance companies to find insurers with affordable rates and excellent service.

Quotes were gathered for renters with the following profile:

Ages 26 to 64
Good credit
No claims history
Policy with $20,000 in personal property coverage and $100,000 in liability protection
$500 deductible

Affordability accounted for 50% of each company's score. Customer satisfaction from industry research made up 40%. Add-on coverage options contributed 10%. Companies with the highest combined scores across all factors earned spots on our list of North Carolina's best renters insurance providers.

About Mark Fitzpatrick

Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in CNBC, NBC News and Mashable.

Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!

He writes about economics and insurance, breaking down complex topics so people know what they're buying.

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