Roanoke Rapids, NC Home Insurance Quotes!
Roanoke Rapids is a great town to live with only 15,754 people living within the city limits. While the popluation size may be consider small, Roanoke Rapids packs a big punch with roughly 11,126 households per zip code making this area very competitive for home insurance companies. The average number of residents living within the occupied homes is around 3, but that number can vary depending on the housing construction and property type.
Roanoke Rapids really shines when it comes to the average household income, our median income recently hit the $37,003 mark, which puts it pretty close to the national average. This amount of income goes a long way in the Roanoke Rapids housing market since the median house price is $100,700.
Roanoke Rapids, NC Home Facts & Demographics
Roanoke Rapids has grown to be the home of 15,754 residents in total population with 6437 occupied homes in the city limits, the city seems to be grown with new homes being built throughout the city. The average family household in Roanoke Rapids is 4180.
| Demographic | Values |
|---|---|
| Population | 15,754 |
| Total Occupied Households | 6437 |
| Family Households (families) | 4180 |
| Average Owner Occupied Household Size | 2.45 |
| Average Family Size | 3.01 |
| Total Housing Units | 7085 |
We Also Have Cheap Homeowners Insurance in Roanoke Rapids
The residents of Roanoke Rapids are very lucky when it comes to the cost of homeowners insurance. Recent data indicates that the average policy cost homeowners in Roanoke Rapids, $1,119 per year. Did you know the national average is $1,311. At GetHomeInsuranceQuotes.com, we shop the best rates and coverage options, homeowners in Roanoke Rapids pay a much cheaper rate as low as $589 per year. Average rates for homeowners living in a 1,850 square foot home or bigger usually pay around $839 for a standard HO-3 policy. Large homes with much higher heated square footage pay around $1139 per year. Enter your zip code to start shopping quotes with us or give us a call now at 866-918-3404!
What are the insurance coverage types for homes in Roanoke Rapids?
The thing about Roanoke Rapids homeowners insurance that many people don't know is that it comes in a variety of different types, each one designed for the type of housing unit it protects.
Here is the information you need to know about the different homeowner insurance types in Roanoke Rapids, NC:
HO-3: The majority of homeowners policies that are in force in Roanoke Rapids, and most other places, are HO-3 type policies. The policies cover damage from any peril that is not specifically excluded in the policy details. HO-3 policies only protect your personal property from specific perils that are listed in the policy. As with most homeowner policies, flooding and earthquake damage are excluded.
Be sure to read your policy in full and understand any other exclusions that apply to your coverage.
HO-6: These policies are written especially for condos and co-op buildings. They provide protection for all of your personal property as well as the parts of the building that are your property, such as the walls and mechanicals of your particular unit.
HO-8: If you love older homes, this type of policy is for you. It protects older, historical homes where the cost to rebuild or replace the home exceeds the value of the house.
The fact that these policies will have a payout that is lower than the cost to replace the house makes them affordable. These policies are usually written because the home is too old to qualify for a traditional HO-3 policy. The main disadvantage is the fact that these policies only cover damage from 11 specific perils.
HO-4: If you are renting an apartment, you still need protection for your personal property and liability protection in the event that someone is injured in your apartment.
A HO-4 policy offers the protection that you need when living in an apartment. If your personal property is damaged or destroyed, you will be covered and it will also cover the medical bills and any legal bills if someone is injured while visiting you.
Compare Homeowners Insurance Rates in Roanoke Rapids, NC!
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Roanoke Rapids, 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 Roanoke Rapids, 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 Roanoke Rapids home. Let us help you shop the best North Carolina home insurance rates and coverages today!
Average Rates Nearby Roanoke Rapids
Are you looking for homeowners insurance in a city near Roanoke Rapids? 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 Roanoke Rapids, NC
Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Roanoke Rapids.
Roanoke Rapids, NC Home Insurance Average Premiums
$589 /yr.
For the city of Roanoke Rapids, 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) | $589 /yr. |
| Average Coverage: | $839 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1139 /yr. |
What is the average home insurance cost for a home in Roanoke Rapids, NC?
- • The average homeowners insurance premium paid annually for a home in Roanoke Rapids is around $839 per year.
What does it cost on average per month for home insurance in Roanoke Rapids, NC?
- • Homeowners in Roanoke Rapids pay an average cost per month around $70.00 for insurance coverage.
Roanoke Rapids, NC Coastal Wind, Hail & Flood Information
Roanoke Rapids 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.
Coastal NC Home Insurance Information:
Roanoke Rapids, NC - 2023 Housing Information
| Month | Current Home Value (2023) | Last Year Home Value (2022) |
|---|---|---|
| January | $98,861 | $85,511 |
| February | $99,530 | $87,290 |
| March | $100,779 | $89,599 |
| April | $102,022 | $91,427 |
Homeowners insurance will help cover the cost to repair or replace your Roanoke Rapids 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 Roanoke Rapids
- 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 Roanoke Rapids, NC homeowners insurance rates all in one place! |
Saving Money Tips on Roanoke Rapids Home Insurance
A great way to save money on Roanoke Rapids 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 Roanoke Rapids 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 |
|---|---|---|
| 221 ft. | This is the average home elevation in Roanoke Rapids, 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 Roanoke Rapids, 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 Roanoke Rapids, 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 Halifax County.
North Carolina Homeowners Insurance News & Information
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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%. […]
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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 […]
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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, […]
Roanoke Rapids, NC Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in Roanoke Rapids 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 Roanoke Rapids, NC?
- The average square footage in Roanoke Rapids is around 746 Sq. Ft. which would cost you around $100,700 to replace the home if you base the home on the price to build per square foot of $135.
Minimum Replacement Cost Total: $100,700
Location: Roanoke Rapids, North Carolina (Halifax County)
Average Building Cost Per Square Foot in Roanoke Rapids: $135 (low end)
Average Square Footage in Roanoke Rapids: 746 Sq. Ft.
| Home Improvement Status | Price per Sq. Ft. | Dwelling Coverage |
|---|---|---|
| None or Very Minor Improvements | $135 | $100,700 |
| Some Additional Upgrades | $169 | $125,875 |
| Major Home Updates or Advancements | $203 | $151,050 |
The dwelling coverage is calculated by the average cost per square foot ($135) in Roanoke Rapids, 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.