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Cheap Homeowners Insurance in Durham

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To find the best homeowners insurance providers in Durham, we analyzed average premiums, overall customer satisfaction, coverage options, and discounts available to Durham residents.

Durham is one of North Carolina’s most populous cities, with roughly 321,000 citizens. Over 54% of the population owns a home, which is lower than the current national homeownership rate of 65.8%. Those who do own a home are likely to insure it, and the average cost of homeowners insurance in Durham is lower than the national average, at $1,217 per year for $250,000 in dwelling coverage. The average annual premium for homeowners insurance in the United States is $1,312.

Travellers

Additional coverage is available for restoring your property using environmentally friendly materials. For eco-conscious households, this is an excellent add-on coverage. Additional replacement costs to restore your house to its original state are also available, even if they are higher than your dwelling coverage.

Our best selection, Travelers, scored well on affordability and received a total score of 92.8 out of 100. The identity fraud expense coverage offered by the company covers up to $25,000 in identity restoration costs.

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Travelers Insurance has a restricted range of coverage limitations from which to pick. In addition, if you want to add additional optional coverages to your policy, you’ll need to call in and chat with an agent.

Kemper

Although Kemper is not a household brand, the company employs over 30,000 people and has written over 6.2 million policies. Kemper has the lowest average premium on our list, despite not being evaluated by J.D. Power in the 2020 U.S. Home Insurance Study.

Kemper offers three different levels of coverage for their home insurance product: Home Essentials, Home Enhanced, and Home Prime. Although the Essentials plan is rather basic, you can expand your coverage by selecting options like personal property replacement cost and water backup coverage. The Enhanced and Prime plans expand on the Essentials plan by expanding the number of automatically included coverages as well as the possible coverage levels.

USAA

If you are a current or former member of the military, a veteran, or a close relative of a service person, you should receive a home insurance quotation from USAA. Despite the fact that it is not eligible for ranking due to its qualifying rules, J.D. Power frequently gives USAA good ratings.

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Although USAA’s average premium is greater than the Durham average, the business does offer discounts that may help you save money. You can also get military-specific coverage, such as uniform covering.

USAA insurance is one of the greatest insurance firms in the industry, both financially and in terms of customer satisfaction. From 2010 through 2018, the Satmetrix Net Promoter Benchmark Study placed USAA as a leader in the auto insurance business. NICE Satmetrix, a trusted industry-standard in assessing the loyalty of a company’s customer experience, issues the Net Promoter Score. A high score indicates that a company delivers better service than its competitors and is used to forecast revenue growth.

MetLife

MetLife, which was recently acquired by The Farmers Insurance Group, provides homeowners with a variety of policy alternatives. You can not only tailor your policy with optional coverages, but you can also take advantage of a number of savings. MetLife may be able to help you save money on your premium by bundling it with your auto insurance and being claim-free.

J.D. Power has given MetLife an above-industry-average grade for overall customer satisfaction. The NAIC’s complaint index score for MetLife’s house insurance product is zero, implying that the NAIC receives little, if any, complaints about the company’s home insurance.

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Home insurance Rates in Durham by ZIP code

Home insurance rates are not the same in all parts of Durham. Local characteristics such as the amount of claims filed in the immediate region are frequently used to price policies, so where you reside could have a significant impact on how much you spend to insure your house.

Take a peek at the 27705 ZIP code if you’re seeking for the most economical homeowners insurance in Durham. Homeowners insurance in the 27705 zip code costs an average of $1,203 per year, which is $46 cheaper than the Durham average. Look at the table below to see where in Durham you may get the greatest deal on home insurance.

AFFORDABLE HOME INSURANCE AREAS IN DURHAM

ZIP CodeAverage Home Insurance Rate
27705$1,203
27713$1,213
27517$1,266

Other parts of Durham, on the other hand, have greater homeownership rates than the city average. Insurance companies may view particular neighborhoods as more risk due to crime rates, fire risk, and even your proximity to emergency services, causing region rates to rise. With an annual average premium of $1,266, 27517 is Durham’s most expensive ZIP code for homeowners insurance.

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