Murfreesboro, NC Homeowners Insurance Rate Quotes!
Shopping online for a new homeowners insurance policy in Murfreesboro just got a bit easier. Our website GetHomeInsuranceQuotes.com is here to help you find a great policy at the right price and our customer service reps will make sure that the whole insurance buying process is easy and stress free.
We work with dozens of highly trusted brand name insurance carriers that have been in business for decades so you can be confident that they will be there to help if you ever need to make a claim.
Our licensed Murfreesboro insurance consultants are happy to help you compare multiple insurance quotes, advise you on what coverages are right for you and answer any questions you may have throughout the entire shopping process.
We will pull rates from up to 12 different insurance companies and present you with the best options for your home. All of our insurers are highly rated by A.M. Best and our service professionals will guide you through the maze of North Carolina home insurance options so you can be confident that you get the best coverage at an affordable price. Easily start your quote today by entering your Murfreesboro zip code today!
Murfreesboro Home Insurance Rate on Average
Rates depend on many factors, every policy is different because every home is different. Homeowners in Murfreesboro are paying on average around $850 per year. Most homeowners insurance policies are paid annually, but home insurance normally cost around $71 per month for homes in the Murfreesboro area. With discounts applied, some are seeing rates as low as $600 per year. More expensive homes that cost more to rebuild or replace are seeing rates higher in the $1,150 per year range. We can help you review which insurance company is best based on price, savings and most of all coverage options. Let us help you shop rates today!
These rates are for a standard homeowners insurance policy, which covers not only the structure of your home but also your contents and other detached structures on your property. In addition, all of our homeowner policies offer liability coverage in case someone is injured on your property as well as medical payments and loss of use coverage.
Insurance can be complicated and confusing but we will be with you every step of the way to help explain the various coverages and answer any questions you may have about your new insurance policy. We can also help identify other risks that may exist around your house, as an example, flood risk. If it turns out your house is in a high-risk area for flooding, we can help you find an affordable flood insurance policy.
For additional help, please visit our homeowners insurance blog for helpful articles, tips and customer related questions.
Compare Homeowners Insurance Rates in Murfreesboro, NC!
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Murfreesboro, 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 Murfreesboro, 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 Murfreesboro home. Let us help you shop the best North Carolina home insurance rates and coverages today!
Average Rates Nearby Murfreesboro
Are you looking for homeowners insurance in a city near Murfreesboro? 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 Murfreesboro, NC
Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Murfreesboro.
Murfreesboro, NC Home Insurance Average Premiums
$600 /yr.
For the city of Murfreesboro, 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) | $600 /yr. |
| Average Coverage: | $850 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1150 /yr. |
What is the average home insurance cost for a home in Murfreesboro, NC?
- • The average homeowners insurance premium paid annually for a home in Murfreesboro is around $850 per year.
What does it cost on average per month for home insurance in Murfreesboro, NC?
- • Homeowners in Murfreesboro pay an average cost per month around $71.00 for insurance coverage.
Murfreesboro, NC Coastal Wind, Hail & Flood Information
Murfreesboro is located in a coastal county which greatly increases the risk of hurricanes and windstorms. Our quoting process will include wind and hail coverage options to give you the best protection you need against high winds and storm damage.
Flood Zone Notice: The beautiful coastal city of Murfreesboro is know for it's beautiful beaches and waterways. Because Hertford County (FIPS: 37091) has a shoreline and is in a coastal area it is important to purchase flood insurance. The risk is very high in this area and we will work with you to provide the best flood insurance coverage you need for your home in Murfreesboro, NC.
Coastal NC Home Insurance Information:
Murfreesboro, NC - 2023 Housing Information
| Month | Current Home Value (2023) | Last Year Home Value (2022) |
|---|---|---|
| January | $106,824 | $104,758 |
| February | $108,347 | $106,636 |
| March | $110,044 | $107,147 |
| April | $110,024 | $107,169 |
Homeowners insurance will help cover the cost to repair or replace your Murfreesboro 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 Murfreesboro
- 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 Murfreesboro, NC homeowners insurance rates all in one place! |
Saving Money Tips on Murfreesboro Home Insurance
A great way to save money on Murfreesboro 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 Murfreesboro 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 |
|---|---|---|
| 74 ft. | This is the average home elevation in Murfreesboro, NC | » Elevation is crucial to a homeowners insurance policy because it determines the risk of your home being in a flood zone which is particularly important in a coastal state such as Murfreesboro, North Carolina. A standard homeowners policy does not cover flood damage. If you live in a flood prone area, you will need to purchase a separate flood to fully protect your home. Flood insurance can be purchased via the National Flood Insurance Program (NFIP) or in the private market. NFIP policies come with coverage caps and other restrictions so you may need to supplement your flood insurance coverage with a private market policy. It's important to remember that flooding occurs in low and moderate risk areas as well. According to FEMA data, almost 25% of all flood claims come from low to moderate-risk areas. |
To get online quotes on your home and compare rates on home insurance premiums in Murfreesboro, 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 Hertford County.
North Carolina Homeowners Insurance News & Information
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2024 Homeowners Insurance Outlook Receives Negative Rating Posted on Tuesday 21st November, 2023
The insurance news for 2024 is certainly not great. Experts expect that extreme weather and increasing costs will push up insurance costs and make insurance companies more selective when deciding where they will write policies. Recently, credit rating agency AM Best downgraded the entire home insurance industry from stable to negative. According to Richard Attanasio, […]
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Nationwide Insurance Company Will Not Be Renewing policies for Homeowners in North Carolina Posted on Monday 9th October, 2023
Nationwide insurance company recently informed the North Carolina Department of Insurance (NCDOI) that it will not be renewing homeowner policies for 10,525 homeowners in North Carolina. Over 1,000 of those non-renewals are in the Dare County, NC. The NCDOI claims that more the half of the non-renewals are based on the “hurricane hazard assessment tool,” […]
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North Carolina Joint Underwriters and Wind Pool Map Explained Posted on Thursday 18th May, 2023
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 Oak Island Beach, Kure Beach, Wrightsville Beach, Morehead City, Emerald Isle or […]
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2023 Home Insurance Rates Are Increasing, Take a Look! Posted on Monday 15th May, 2023
Homeowner insurance rates have been climbing for more than five years, increasing a shocking 19.1 percent since 2018 according to ValuePenguin. This trend will continue in 2023. According to the latest ValuePenguin study, between Jan. 1 and March 17, 2023, homeowner insurance premiums have increased 2.8% across the country. “In 2023, the rising cost of […]
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Will my home insurance cover roof replacement? Posted on Saturday 24th December, 2022
The answer to the question “does insurance cover roof replacement,” is not always clear cut. In most cases, it will depend on the reason that your roof needs to be replaced. If your roof has simply reached the end of its life, the cost to replace it will fall to you. On the other hand, […]
Murfreesboro, NC Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in Murfreesboro 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 Murfreesboro, NC?
- The average square footage in Murfreesboro is around 596 Sq. Ft. which would cost you around $80,500 to replace the home if you base the home on the price to build per square foot of $135.
Minimum Replacement Cost Total: $80,500
Location: Murfreesboro, North Carolina (Hertford County)
Average Building Cost Per Square Foot in Murfreesboro: $135 (low end)
Average Square Footage in Murfreesboro: 596 Sq. Ft.
| Home Improvement Status | Price per Sq. Ft. | Dwelling Coverage |
|---|---|---|
| None or Very Minor Improvements | $135 | $80,500 |
| Some Additional Upgrades | $169 | $100,625 |
| Major Home Updates or Advancements | $203 | $120,750 |
The dwelling coverage is calculated by the average cost per square foot ($135) in Murfreesboro, 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.