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27371 Homeowners Insurance Quotes & Rates

Troy residents living within the 2,914 homes available in the zip code of 27371 are shopping online to compare cheaper and more affordable Troy, NC home insurance rates. In the great city of Troy, homeowners like you want to find less expensive coverage since the home insurance rates have increased. Currently, the average home insurance rate within the state of North Carolina is around $853 per year. These average rates are based on a standard or basic homeowner policy that covers your home for risk of fire, theft or liability issues if someone was to be injured on your property. We can provide enhanced coverage options to give you that added protection that you need for your home in the 27371 zip code.

With our online home insurance quoting application and excellent review service, we can help you save up to 40% or more on your next homeowners policy. We will shop up to 12 competitive home insurance rates, review all the coverage options available and propose any discounts or credits that may be available to you. Each home insurance company is different and likes to generate rates based on a number of different risk factors when it comes to insuring your home. We will be able to explain which home insurance company is best for you based on the coverage details, rate affordability and claim dependability.

Let us help you shop and compare your 27371 home insurance rates today! Please give us a call now at 1-866-918-3404. For Troy, NC Homeowners Insurance Quotes, Click to easily get started!

27371 Home Insurance Average Premiums

Local 27371 homeowners insurance quotes comparison

$603 /yr.

Shows Zip Code: 27371 lowest rates with discounts applied on average.

For the 27371, 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)
$603 /yr.
Average Coverage:$853 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1153 /yr.

What is the average home insurance cost for a home in 27371?

  • • The average homeowners insurance premium paid annually for a home in 27371 is around $853 per year.

What does it cost on average per month for home insurance in 27371?

  • • Homeowners in 27371 pay a monthly average cost per month around $71.00.

What kind of discount could I get if I combine my home and auto insurance together in 27371?

  • • Autoowners in 27371 can receive a 20% to 25% discount if they own a home and would like to group or bundle their car and home insurance together with one insurance company.

For shopping home insurance rates within the Troy area, check out other zip codes nearby 27371.
Review average rates in another zip code:
27371 homeowners insurance rates

Home Replacement Cost Coverage in 27371

Average Building Cost Per Square Foot in 27371: $135

Location: Troy, North Carolina (Montgomery County)

Average Square Footage in 27371: 947 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 27371 before you start any project. Troy homeowners pay on average around $135 per square foot to build a home. Another great reason to know the average cost to build is for your homeowners insurance policy. A standard homeowners policy will help you cover the replacement cost of your home due a fire or any other named perils on your policy. Calculating your dwelling coverage for your home in 27371 is extremely helpful when estimating how much replacement cost coverage you need. We highly recommend that you have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Here is how you determine your replacement cost. If we take an average home in 27371 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 947 sq. ft. and the average cost to rebuild the home in this area is around $135 per square foot would be considered a base estimate cost. These two numbers would allow us to generate the replacement cost needed for an average size home in the Troy area. If the home is new or has been upgraded, you will want to add $50 to $100 or more per square foot to equally cover the replacement cost to restore a home back to it's original condition.

Home Improvement StatusPrice per Sq. Ft.Square FeetDwelling Coverage
Basic Home Features$135947$127,900
Additional Upgrades & Added Features$169947$159,875
Major Home Updates or Advancements$203947$191,850

It's important to understand that when you estimate your replacement cost of your home in the 27371 zip code area, it will be the cost to replace the structure of your home, not the additional value of the property that is factored in when purchasing a new home.

Best Homeowners Insurance Agencies in 27371

Best Home & Auto Insurance Agencies in 27371

Grata- Michael E - State Farm Insurance Agent

Address: 404 N Main St Troy, NC 27371
Phone:
Website: http://www.statefarm.com
Info: State Farm - Car Insurance Quotes - Save on Auto Insurance
State Farm offers more discounts to more drivers than any other insurance company. Get a free quote today and see how you can save on auto, home, life and more. State Farm, auto insurance, car insurance, home insurance, homeowners insurance, renters insurance, life insurance, health insurance, annuities, mutual funds, banking, car loans, credit cards, Visa gift cards

Kennedy, Timothy L - Nationwide Insurance

Address: 225 N Main St Troy, NC 27371
Phone:
Website:
Info:

Allstate Insurance Companies

Address: 1030 Albemarle Rd Troy, NC 27371
Phone:
Website: http://www.allstate.com
Info: Allstate Car Insurance Quotes, Home Insurance, Financial Products and More
Allstate auto insurance quotes and anonymous ballpark estimates to help protect you, your family and your automobile. Insurance and financial products include car insurance, home insurance, business insurance, life insurance, IRAs and annuities. car insurance, auto insurance quote, vehicle insurance, free online insurance quotes, rate quote, life insurance, annuities, mutual funds, IRAs, allstate insurance agent, allstate.com

Housing Demographics for 27371

Population Review for 27371 Zip Code

For the city of Troy, the population within 27371 has increased to over 7,353 residents in population size. The current population total is 7,284. We have broken down the population based on race below. In 27371, there are over 3699 in male population and 3585 females.

PopulationValues
Total Population7,284
White Population5236
Black Population1168
Hispanic Population618
Asian Population114
Hawaiian Population1
Indian Population28
Other Population343
Male Population3699
Female Population3585
Population Estimate7353

Household Data for 27371

The average number of homes in 27371 is around 2,914, there are an average of 2.36 per household. The average house value according to local real estate values is around $127,900. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode2,914
Persons Per Household2.36
Average House Value$127,900
Income Per Household$53363
Median Age44.0
Median Age Male42.1
Median Age Female46.2
27371 DetailsValues
StateNC
State Full NameNorth Carolina
City TypeP
City Alias Abbreviation
Area Code910
CityTroy
City Alias NameTROY
CountyMontgomery
County FIPS123
State FIPS37
Time Zone5
Day Light SavingY
MSA
PMSA
CSA
CBSA
CBSA_DIV
CBSA_Type
CBSA_Name
MSA_Name
PMSA_Name
RegionSouth
DivisionSouth Atlantic
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses190
Number Of Employees2913
Business First Quarter Payroll25126
Business Annual Payroll154089
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population0
CBSA Division Population0
Congressional District08|09
Congressional LandArea4512.78|856.93
Delivery Residential3116
Delivery Business297
Delivery Total4219
Preferred Last Line KeyY16641
Classification Code
Multi-CountyY
CSA Name
CBSA_DIV_Name
City State KeyY16641
Land Area143.395000
Water Area1.012000
City Alias Code
City Mixed CaseTroy
City Alias Mixed CaseTroy
Box Count339
SFDU2656
MFDU131
State ANSI37
County ANSI123
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationC
Finance Number367928
Unique ZIP Name
SSA State County Code34610
Medicare CBSA Code99934
Medicare CBSA NameRural Areas in NC
Medicare CBSA TypeMicro
Market Rating Area ID8
County Mixed CaseMontgomery

North Carolina Homeowners Insurance News & Information

  • 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, […]

  • 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 […]

  • 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%. […]

  • North Carolina: 2024 Homeowners Insurance Rate Increase Proposed Posted on Friday 19th January, 2024

    Recently, the North Carolina Rate Bureau requested that the N.C. Department of Insurance allow increases to homeowners’ insurance rates by an average of 42.2 percent. If the NCDOI agrees, the proposed rates will go into effect Aug. 1. However, it is also possible that the NCDOI will not agree to the increase and deny the […]

  • 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, […]

  • 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,” […]