Here's a comparison of homeowners insurance rates and wind and hail insurance for homeowners in Wilmington, North Carolina. This table includes the average annual premiums for some of the major insurance carriers offering coverage in this beautiful coastal community of New Hanover County:

Insurance Carrier Average Annual Premium Best For
State Farm $2,817 Cheapest rates overall
Universal North America $3,186 Newly constructed homes
Travelers $3,901 Flood insurance
Allstate $4,212 Extra personal property coverage
Heritage $4,976 -
USAA $2,784 Military families
North Carolina Farm Bureau $1,571 High-risk homes

Coverage Guide on Each Carrier:

  • State Farm offers the most affordable rates for homeowners insurance in Wilmington, with an average annual premium of $2,817. They also provide comprehensive coverage options, making them the best overall choice for many homeowners.
  • Universal North America is noted for offering the cheapest premiums for newly constructed homes, averaging $2,482 per year.
  • Travelers is the go-to insurer for those needing flood insurance, with private flood insurance options through Neptune Flood, although their average premium is on the higher side at $3,901 annually.
  • Allstate provides substantial coverage for personal property and is highly rated for customer satisfaction, with an average annual premium of $4,212.
  • USAA offers competitive rates for military families at $2,784 annually, reflecting their strong customer loyalty and satisfaction ratings.
  • North Carolina Farm Bureau is particularly suitable for high-risk homes, with an average premium of $1,571, and offers extensive local agent support.

Wind and hail insurance, essential in a coastal city like Wilmington, can often be bundled with standard homeowners insurance. Many carriers, such as State Farm and Travelers, include wind and hail coverage as part of their standard policies, but it’s advisable to check specific policy details and consider additional endorsements if necessary. For a wind and hail insurance policy to cover your home from hurricane damage, this would include homes throughout New Hanover County, including coastal areas like Wrightsville Beach, Carolina Beach and Kure Beach. A standard HO-3 homeowners policy plus a wind and hail policy for within a mile of the coastline pay more for home insurance due to the risk of hurricane damage. It is also advised to purchase a separate flood insurance policy for homes on the water for that extra protection from flood damage.

To find the most cost-effective and comprehensive coverage for your needs, comparing quotes from multiple carriers is recommended. Working with an agent at NorthCarolinaHomeInsurance.com helps you easily compare multiple home insurance rates for free. Thousands of homeowners enjoy our hassle free quoting services every year. We specialize in shopping your rates and offering the best in insurance guidance services to help you understand which coverage is best for you. We can also help with deductibles, discounts and suggestions on which company may work best for you and your family.