5 Best Winston-Salem Homeowners Insurance Companies (2025)
State Farm and USAA offer some of the best homeowners insurance policies in Winston-Salem, North Carolina.
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If you own a home in Winston-Salem, North Carolina, you want to protect it from risks like storms, house fires, and vandalism. A homeowners insurance policy in Winston-Salem with $300,000 in dwelling coverage costs an average of $172 per month, Insurify data shows.
Winston-Salem has some of the highest property crime rates in North Carolina, and homeowners can face damage from storms, hurricanes, and tornadoes. That makes having homeowners insurance essential for financial security and peace of mind.
Quick Facts
The average cost of homeowners insurance in Winston-Salem is $2,064 per year for a policy with $300,000 in dwelling coverage.
Home insurance in Winston-Salem is much cheaper than the statewide average of $3,444 per year for a $300,000 dwelling coverage policy.
A standard homeowners insurance policy doesn’t cover flood damage, so you may want to consider a separate policy or endorsement.
Best home insurance companies in Winston-Salem
Many reputable insurance companies serve homeowners in Winston-Salem. The best insurance company for you depends on your home’s characteristics, your budget, and other risk factors. Below are five insurance companies worth considering as you shop for coverage.
Lititz Mutual Group: Best for tight budgets
Lititz Mutual Group is the lowest-cost insurer in North Carolina, according to Insurify data. But its lowest rates are likely available only to homeowners with clean claims histories.
The company is smaller than many on our list and offers a limited range of products. But despite its size, you may be able to save money on your homeowners insurance by going with this lesser-known company.
Pros
AM Best financial strength rating of A (Excellent)
Several agents in Winston-Salem area
Below-average number of customer complaints with the National Association of Insurance Commissioners (NAIC)
Cons
Limited information on available coverages and discounts
Must work with an agent to get coverage
Doesn’t offer auto insurance
State Farm: Best for local agent access
USAA: Best for military households
North Carolina Farm Bureau: Best for homeowners in rural areas
North Carolina Farm Bureau caters specifically to North Carolina residents — especially those in farming and rural communities. While it might not be the right fit for homeowners in Winston-Salem’s urban areas, it could offer affordable coverage for people in surrounding rural areas.
Pros
Some of the lowest average rates in North Carolina
Membership benefits include discounts on several products and services
AM Best financial strength rating of A- (Excellent)
Cons
Limited information available online
$25 annual membership fee
No J.D. Power customer satisfaction rating
Allstate: Best for customized policies and endorsements
Our editorial team analyzed regional and national home insurance companies that sell policies in Winston-Salem to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.
How much is home insurance in Winston-Salem?
The average cost of homeowners insurance in Winston-Salem is $2,064 per year, which is much lower than the statewide average of $3,444 per year.
Rates depend on several factors, including your home’s age, location, and replacement value. The deductible you select and your credit also play a part.
Another way to reduce your premiums is by buying a home that’s close to a fire hydrant and in a community with a professional fire department. You can also benefit if your home has updated electrical, heating, and plumbing systems and is built to withstand extreme weather. These factors can lower your premiums by 5%–15%, according to the Insurance Information Institute (Triple-I).[?]
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Cheapest home insurance companies in Winston-Salem
Home insurance premiums can vary widely based on your coverage level, location, and insurance company. The table below shows some of the cheapest home insurance companies in Winston-Salem for homes with $250,000, $500,000, and $750,000 in dwelling coverage.
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
Insurance Company  | Average Annual Premium |
|---|---|
| State Farm | $384 |
| Unitrin | $552 |
| Allstate | $1,104 |
| Travelers | $1,104 |
| USAA | $1,152 |
| Nationwide | $1,656 |
| Auto-Owners | $1,692 |
| Erie | $2,856 |
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
Insurance Company | Average Annual Premium |
|---|---|
| State Farm | $756 |
| Unitrin | $816 |
| Allstate | $2,196 |
| Travelers | $2,544 |
| USAA | $2,652 |
| Auto-Owners | $4,152 |
| Nationwide | $4,548 |
| Erie | $6,048 |
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
Insurance Company | Average Annual Premium |
|---|---|
| State Farm | $1,068 |
| Unitrin | $1,080 |
| Allstate | $3,096 |
| Travelers | $3,684 |
| USAA | $3,756 |
| Auto-Owners | $5,700 |
| Nationwide | $7,032 |
| Erie | $8,484 |
How much homeowners insurance do you need in Winston-Salem?
Deciding how much homeowners insurance you need starts with understanding what your policy covers. Policies typically include:[?]
Dwelling coverage: Dwelling insurance pays to repair or rebuild your home. The cost to rebuild can vary depending on materials, neighborhood, and market conditions. A good rule of thumb is to insure your home for its replacement cost, not its market value, since market value includes the land.
Personal property coverage: Personal property coverage pays to replace belongings. Your personal property coverage limit is usually 50%–70% of the dwelling limit.
Liability coverage: Liability insurance pays for injuries or property damage to others. You should have at least $300,000–$500,000 in liability coverage, although you may want higher limits if you own significant assets.
Additional living expenses coverage: Loss of use coverage helps pay for temporary housing if your home becomes unlivable. To determine this amount, think about how much it would cost you to stay in a hotel or dine out while your home is being repaired.
Good to Know
To estimate your home’s replacement cost, multiply the total square footage of your home by local, per-square-foot building costs. You can usually get this figure from a local real estate agent or builder.[?]
What to know about home insurance in Winston-Salem, NC
Homeowners in Winston-Salem face a mix of urban and environmental risks that can affect property values and the cost of insurance:
Average cost of home insurance in other cities in North Carolina
Home insurance rates vary across North Carolina (and even between ZIP codes in the same city) due to factors like proximity to the coast, local crime rates, and distance from fire stations. For example, homeowners in Fayetteville may pay more for homeowners insurance because they’re closer to the coast and have a greater risk of hurricane exposure than an inland city like Greensboro.
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
City | Average Annual Premium: With $300,000 in Dwelling Coverage |
|---|---|
| Asheville | $1,860 |
| Hickory | $1,932 |
| Winston | $2,064 |
| Greensboro | $2,076 |
| Charlotte | $2,172 |
| Durham | $2,244 |
| Raleigh | $2,424 |
| Fayetteville | $3,048 |
| Wilmington | $11,760 |
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Winston-Salem homeowners insurance FAQs
If you’re shopping for home insurance in Winston-Salem, the additional information below can help as you research your coverage options.
Home insurance in Winston-Salem averages $172 per month for a policy with $300,000 in dwelling coverage and a $1,000 deductible.
Optional coverages like flood insurance or water backup can raise the cost, as can higher limits for personal property like jewelry, antiques, and artwork. But they might be necessary based on your location and risk factors.
State Farm offers some of the lowest rates in North Carolina, with average premiums of $43 per month. Your exact premium will vary depending on your home’s age, size, location, and construction.
The best insurance company for you depends on your needs and unique situation. But Lititz Mutual Group, State Farm, USAA, North Carolina Farm Bureau, and Allstate stand out for their balance of affordability, strong financial ratings, and coverage options. They’re good places to start your search.
For a North Carolina home with $400,000 in dwelling coverage, the average homeowners insurance premium is $4,440 per year. But your deductible, credit history, discounts, and other factors affect the amount you’ll pay.
Insurance companies in North Carolina are allowed to use credit-based insurance scores to help predict risk. In general, having a higher credit score can lower your premiums, while poor credit can result in higher rates.[?]
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