Are you renting an apartment in North Carolina?

If so, then you need renters insurance. You know that protecting your belongings is essential, but insurance policy details can be confusing. 

This best renters insurance NC review will guide you through some key features to compare the top companies.

Here, we’ll take a look at Lemonade, our best overall pick, along with a few other excellent choices. 

Our #1 Pick

lemonade logo large

Lemonade is our #1 pick overall for renters insurance in North Carolina. Their application is super fast, their site is easy to navigate, and they have some of the lowest rates.

renters insurance nc

Find Out Who Made Our Best Renters Insurance In NC List.

Plus More Details On Each Company, Why You Need Renters Insurance, What Does It Cover, And How To Apply For Coverage.

renters insurance nc

Find Out Who Made Our Best Renters Insurance In NC List.

Plus More Details On Each Company, Why You Need Renters Insurance, What Does It Cover, And How To Apply For Coverage.

1. Lemonade

5.0

lemonade logo large

Best overall renters insurance.

Lemonade provides renters with customizable policies, low overall costs, and outstanding service. While not rated by A.M. Best, Lemonade does have an A- rating with the BBB. 

Here’s why Lemonade stands out as our top choice:

  • Uses AI and machine learning to create an amazing user experience and keeps prices low.
  • The user-friendly app makes managing your account as easy as ordering take-out
  • The Giveback program donates extra profits to charities. $631,540 donated in 2019 alone 
  • Many options to customize your coverage, including riders for your collectibles or jewelry
  • You can get discounts on your policy if you have security devices like cameras or alarms 
  • Unique giveback program allowed them to donate over $600,000 to charities in 2019

2. Liberty Mutual

4.0

liberty mutual logo

Best for Young Tenants

Younger tenants face their own unique set of needs and challenges as renters. Not all insurance companies cater to young renters, but Liberty Mutual does. 

Here’s why Liberty Mutual makes our list:

  • You can qualify for discounts by enrolling in automatic payments or buying online
  • Age won’t factor into the qualification for discounts 
  • Simple policy and account management is perfect for young tenants
  • The user-friendly app makes account management easy and convenient
  • AM Best rating of A (Excellent), BBB rating of A


3. Progressive

4.5

progressive logo

Best for discounts and customer service

Progressive takes customer service seriously, so you’ll have the help you need when you need it. You’ll also find a range of discounts for additional savings.

Here’s why we love Progressive:

  • Discounts available for military members, multi-policy bundles, and good history 
  • Their app makes account management simple, and it’s easy to get the help you need,
  • Simple claims process makes a stressful time a little bit easier to manage
  • Optional riders for earthquakes, sewer and drain back-up and identity theft available
  • A+ BBB rating and A+ (Superior) AM Best rating

4. Quote Wizard

4.0

quote wizard logo

Best for price comparison

If you don’t want to spend a lot of time comparing policies, Quote Wizard can help. While it isn’t an insurance company itself, it will help you find the perfect policy for your needs.

Here’s how Quote Wizard stands out:

  • Not affiliated with any particular insurance company, so you know you aren’t being sold 
  • Agents are using the site to compete for your business, making it possible for lower rates 
  • Their platform is a marketplace where agents are competing for your business.
  • Get your quotes in just a few minutes

5. Amica

4.5

amica logo

Best customer service

When you’re dealing with insurance, it’s important to know there’s a responsive team available to provide the help you need—and that’s where Amica excels.

Here’s a look at what makes Amica great:

  • Simple claims filing process
  • 24/7 customer service team is there when you need them
  • A+ BBB rating and A+ AM Best rating
  • Optional riders available to enhance coverage

Is Renters Insurance Required In North Carolina?

State law does not require renters to have a rental insurance policy in North Carolina—but that doesn’t mean you should go without it.

Some landlords will require renters to have at least a basic renters insurance policy to live on their property (which they are allowed to do.) 

It’s important to note that even if your landlord has homeowners insurance on the property, that policy only covers their belongings, not yours.

best renters insurance north carolina

Does North Carolina Renters Insurance Cover Floods?

No, North Carolina renters insurance generally does not cover flood damage.

Always check the specific exclusions in your policy, but most policies don’t cover natural disasters like floods, sinkholes, earthquakes, or tsunamis.

However, many policies do cover natural disasters like tornadoes and wildfires.

Check your policy to understand specific exemptions and ask about adding extra coverage if you feel you need it. 

THE SIMPLY INSURANCE WAY

Renters Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us.

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get renters insurance coverage within minutes of getting your quotes and applying.

What Does North Carolina Renters Insurance Cover In 2020?

Your renters insurance policy will cover your personal property damaged by a named peril.

Named perils may vary by policy but typically include fires, theft, and lightning storms. If any of these events ruin your possessions, they’ll be covered.

Some companies, like Lemonade, also allow you to add extra coverage (called an optional rider) for things like bikes, musical instruments, and art.

In some cases, this coverage extends to your property damaged outside of your apartment.

Renters insurance policies will also cover your loss of use expenses.

These are additional living expenses incurred when you can’t use your apartment because of damage from a named peril.

This feature covers the cost of staying in a hotel if you’re unable to stay in your apartment while it’s repaired.

Your policy will also cover personal liability. If someone is injured while inside your apartment, your policy will cover any costs you’re legally obligated to pay.

So, if you have a friend over to help hang some pictures and they slip and fall off the stepladder, breaking their leg, your policy will cover those medical bills.

If that friend were to sue you because of the event, your policy would likely cover any legal fees, too. 

INSURANCE WHERE YOU LIVE

Renters insurance by state.

How Much Does North Carolina Renters Insurance Cost in 2020?

The price you’ll pay for your renters insurance will depend on a few different factors, including how much it covers, the building you’ll be living in, and your history.

A basic renters insurance policy in North Carolina costs about $200 per year, which is roughly $16.60 per month.

However, companies like Liberty Mutual and Progressive offer discounts that can help you save money on your premiums. 

Will Renters Insurance Cover My Roommate?

Your renters insurance policy will cover you, your spouse, any blood relatives, and any adopted children, but in most cases, it will not cover a roommate.

Everyone else you live with will need to get a policy of their own.  

How Do I apply for New York City renters insurance? 

To buy NYC renters insurance you should follow the below steps.

View Your Instant Quote

First, you want to click here or any of the above buttons to start the quote process, you won't need any personal information other than the address to get your quotes fast. Once you have your quotes and pick the coverage option that works best for you, it's time to get covered.

Get Your Personal Information Together

You will need your name, address, and Social Security number. The online forms guide you through several questions to learn more about the rental you will be living in and what coverage you need. 

Start Your Online Application

Once you have all of your personal information together, your next step will be to start the application. This will be easy by just following the prompts after you complete your quote. 

Know The Safety Features Of Your Rental 

The application might ask about smoke detectors, sprinkler systems, and deadbolts. The best renters insurance will offer discounts for those features.

Sometimes, the intake form may also ask if you have pets, especially certain dog breeds. Overall the process can take less than five minutes. 

Answer Your Questions Honestly

Be sure to answer every question, truthfully. If you do not, and something happens, the company may deny your claim. Even if they do not deny your claim, you still may be committing fraud. 

Add Any Additional Interest

Some landlords may require you to add them as an additional interest; this will let them know if the policy has lapsed or when you have renewed your policy. Most companies can add this during the application process or immediately afterward.

Print Your Proof Of Insurance

Once your policy has been approved and paid for, simply print out your proof of insurance, and you're covered.

THE SIMPLY INSURANCE WAY

Renters Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us.

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get renters insurance coverage within minutes of getting your quotes and applying.

Take Action 

Lemonade is our overall pick for the best renters insurance in NC, with Progressive and Liberty Mutual close runners-up. 

The company offers modern, well rounded, affordable, and customizable policies that can meet the needs of just about every tenant in the state.

As a bonus, you’ll be working with a company that gives back to the communities where its customers live.

Don't waste any time thinking about this, if you need renters insurance, we’ve done the hard work for you. Get your free renters insurance quote today.


Aten-Re El

About the author

Aten-Re El is a Co-Founder and Chief Operating Officer of Simply Insurance as well as a licensed life & health insurance agent with over 11 years of experience. Aten-Re is responsible for the daily operations of Simply Insurance and building and procuring strong client relationships with our insurance partners.

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