Get Asheville, NC Home Insurance Rates!
Did you know that comparing home insurance near Asheville, NC just got easier? At GetHomeInsuranceQuotes.com, we provide excellent quoting services when it comes to getting cheaper rates with enhanced coverage options and lower prices. Our carriers are rated "A+" by A.M. Best and most of all they are brand names you can trust like Nationwide, Safeco Insurance, Liberty Mutual, Progressive Insurance and so many more.
The good news is that lower rates are available for homeowners living in North Carolina so it's important to work with a specialized Asheville insurance agent that knows the best carrier that's right for you and your family.
Great Facts About Asheville, NC
Asheville has now reached over 83,393 residents in population size with 37380 homes within the city of Asheville. The average family size in Asheville is around 18452. With the local population increasing in Asheville, it's important to make sure your home has the proper coverage and protection you need for your family. Please visit the links below to help you find out better ways to save on your insurance:
- Home Insurance Discounts
- Setting Your Deductibles as High as Possible is a Moneysaver
- Top 5 Home Improvements That Can Save You Money on Your Home Insurance
| Demographic | Values |
|---|---|
| Population | 83,393 |
| Total Occupied Households | 37380 |
| Family Households (families) | 18452 |
| Average Owner Occupied Household Size | 2.24 |
| Average Family Size | 2.82 |
| Total Housing Units | 41626 |
Homeowners Insurance in Asheville: What You Need To Know!
When reviewing home insurance locally, Asheville homeowners are finding ways to save up to 40% or more when they shop and compare rates online.
A frequently asked question that we get from homeowners based out of Asheville, usually have to do with comparing premium payments, monthly and annually for residents living in BUNCOMBE County. Did you know that North Carolina may not be the cheapest state in the country to purchase a homeowners policy, however it does rank lower than average at a national rank of 32. Residents of Asheville, NC are currently paying $1119 per year for home insurance coverage on average, where the majority of the United States premiums are around $1311 per year. These average home insurance rates reflect the cost of a standard home insurance policy which includes the coverage of your home, your contents, loss of use, medical payments and homeowner liability coverage.
Compare Homeowners Insurance Rates in Asheville, NC!
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Asheville, NC Insurance Carriers
With over 20 years of North Carolina home insurance coverage and quoting experience, we enjoy helping customer find the best rate and coverage options for your home in Asheville, NC. Our new carrier platform includes quick rates from the very best insurance companies, like Liberty Mutual, Safeco Insurance, Tower Hill, ShoreOne, Kind Group Underwriting, AIG, Chubb, Travelers, National General, Heritage Insurance and the North Carolina Joint Underwriting Association (NCJUA) for wind and hail insurance policies. Getting the best insurance rates with the right insurance company is key to protecing your most valuable investment, your Asheville home. Let us help you shop the best North Carolina home insurance rates and coverages today!
Average Rates Nearby Asheville
Are you looking for homeowners insurance in a city near Asheville? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!
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Home Insurance Rates by Zipcode in Asheville, NC
Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Asheville.
Asheville, NC Home Insurance Average Premiums
$543 /yr.
For the city of Asheville, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.
| Coverage Amount: | Annual Premium |
|---|---|
| 1800 sq. ft. or below (discounts applied) | $543 /yr. |
| Average Coverage: | $793 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1093 /yr. |
What is the average home insurance cost for a home in Asheville, NC?
- • The average homeowners insurance premium paid annually for a home in Asheville is around $793 per year.
What does it cost on average per month for home insurance in Asheville, NC?
- • Homeowners in Asheville pay an average cost per month around $66.00 for insurance coverage.
Asheville, NC - 2023 Housing Information
| Month | Current Home Value (2023) | Last Year Home Value (2022) |
|---|---|---|
| January | $445,680 | $399,965 |
| February | $445,600 | $407,863 |
| March | $447,387 | $417,233 |
| April | $449,214 | $426,672 |
Homeowners insurance will help cover the cost to repair or replace your Asheville home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:
- Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Asheville
- Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
- Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
- Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
- Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.
Get up to 12 competitive Asheville, NC homeowners insurance rates all in one place! |
Saving Money Tips on Asheville Home Insurance
A great way to save money on Asheville homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:
- Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
- Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
- Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
- Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.
Are you shopping for the best rate near or wihin the Asheville area? Check out what homeowners are paying on average for North Carolina homeowners insurance.
Elevation Review for Coastal Wind or Flooding Risk
| Elevation | Details | Homeowners Tips |
|---|---|---|
| 2219 ft. | This is the average home elevation in Asheville, NC | Did you know that the elevation in which your home resides is crucial to a home insurance policy because it determines the risk factor related to your home being in a flood zone. It is important to understand that your home is not covered for floods under a standard homeowners policy. You will need to speak with a local North Carolina flood insurance agent about a flood insurance policy, please give us a call now at 888-620-1954. |
To get online quotes on your home and compare rates on home insurance premiums in Asheville, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Buncombe County.
North Carolina Homeowners Insurance News & Information
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2025 List of States Where Finding Home Insurance Is Most Difficult and Why Posted on Tuesday 11th March, 2025
Homeowners insurance is a necessity if you own a home, particularly if you are currently carrying a mortgage. Mortgage lenders require homeowners insurance to protect their investment in your home by always carrying homeowners insurance. If your insurance is cancelled or you are non-renewed it can be a huge problem. As wildfires and major windstorms […]
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North Carolina Homeowners’ Insurance Premiums May See a 15% Increase Posted on Thursday 23rd January, 2025
The base rate for North Carolina homeowners insurance will be headed up by an average of 15% by the middle of 2026. The rate increases are part of a settlement that was reached with the insurance industry by the North Carolina Insurance Department. The state Insurance Commissioner Mike Causey recently announced the rate increase agreement […]
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North Carolina Joint Underwriters and Wind Pool Map Explained Posted on Wednesday 5th June, 2024
North Carolina is a lovely state to call home. Our state is packed with beautiful cities, museums, restaurants and of course, some of the loveliest beaches in the country. Unfortunately, if you live in one of our amazing coastal southern cities such as Ocean Isle Beach, Sunset Beach, Oak Island Beach, Calabash, Bald Head Island, […]
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North Carolina Coastal Home Insurance Rates Posted on Friday 29th March, 2024
North Carolina is a fantastic place to live with plenty of cultural activities, beautiful beaches, world-class cities as well as great restaurants and shopping. The only disadvantage to living in North Carolina, particularly if your home is located in coastal area is the cost of homeowners insurance. The average premium for a standard homeowners insurance […]
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NC Residents Speak Against 42% Rate Increase Requested by Rate Bureau Posted on Tuesday 13th February, 2024
During a recent public comment session held by the North Carolina Department of Insurance, dozens of North Carolina residents spoke out against an average rate increase of 42% that the North Carolina Rate Bureau is requesting. The Rate Bureau represents insurance companies in the state and earlier this year requested average rate increases of 42%. […]
Asheville, NC Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in Asheville so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.
Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.
What is the average replacement cost coverage in Asheville, NC?
- The average square footage in Asheville is around 2,114 Sq. Ft. which would cost you around $285,367 to replace the home if you base the home on the price to build per square foot of $135.
Minimum Replacement Cost Total: $285,367
Location: Asheville, North Carolina (Buncombe County)
Average Building Cost Per Square Foot in Asheville: $135 (low end)
Average Square Footage in Asheville: 2,114 Sq. Ft.
| Home Improvement Status | Price per Sq. Ft. | Dwelling Coverage |
|---|---|---|
| None or Very Minor Improvements | $135 | $285,367 |
| Some Additional Upgrades | $169 | $356,708 |
| Major Home Updates or Advancements | $203 | $428,050 |
The dwelling coverage is calculated by the average cost per square foot ($135) in Asheville, North Carolina times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $421,875 (Media price to build of $169 x 2500 sq. ft.) to cover the cost to rebuild your new home.
What is the difference between actual cash value and replacement cost value?
Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:
Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.
Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.