Services for Consumers
Rate Calculation Service
The North Carolina Department of Insurance is pleased to be able to offer you the ability to calculate the homeowners premium for your particular circumstances. For example, you can name the type of policy you wish to have, the amount you need to insure your home, the type of construction, and the distance of your home to the nearest fire station.
This calculation or quote should serve as a guide when shopping for home insurance. Please note, in most cases, the premium quoted by your agent will be lower or higher, for the following reasons:
These rates are "base rates" which means they have been filed with this department by the North Carolina Rate Bureau on behalf of all licensed automobile insurance companies in North Carolina.
However, many insurance companies offer downward deviations or discounts, which reduce the premium amount from the base rates.
The Discount and Surcharges Tab does not alter the "base rates." However, an insurance company may include some or all of these in its calculation of Homeowners premium.
Likewise, depending on the proximity to the coast, an insurance company may elect to insure the windstorm portion of your coverage through the Beach Plan. Underwriting factors may also result in your need to obtain a policy under the FAIR plan or through a surplus lines insurance company. In most cases, this will cause the premium to be higher than those calculated with base rates.
In addition to using the premium calculated as a guide, you may want to view the complaint ratios on this website.