Best and cheapest homeowners insurance in New York in 2025

Best homeowners insurance companies in New York

State Farm is the best home insurance company in New York for 2025, receiving 4.44 out of 5 stars. Chubb and American Family also rank among the top home insurance companies in New York, receiving scores of 4.18 and 3.93, respectively.

The total Insurance.com score is calculated out of five based on price, National Association of Insurance Commissioners (NAIC) complaints, and AM Best financial ratings.

Best home insurance companies in Alaska

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Company	AM Best	NAIC complaint ratio	Insurance.com score	Average annual rate
State Farm	A++	0.83	4.44	$1,264
Chubb	A++	0.18	4.18	$1,987
American Family	A	0.80	3.93	$914
Nationwide	A+	1.05	3.67	$1,540
AIG	N/A	0.09	3.51	$1,564
Allstate	A+	1.46	3.26	$1,876
Travelers	A++	1.10	3.18	$1,606
Farmers	A	0.67	2.78	$3,330

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State Farm

State Farm is the biggest home insurance company in the nation, and with affordable rates and the best possible score from AM Best, it's our top pick for homeowners insurance in New York. You'll find an excellent auto and home bundling option with State Farm that makes it a one-stop shop for your insurance.

Chubb

Chubb isn't as well known to the average homeowner as State Farm, but is a highly regarded company with a low complaint volume (the lowest of every company we compared) and an A++ from AM Best. Chubb is best known for high-value home insurance, but offers a variety of coverage options at affordable rates.

American Family

Our No. 3 pick for home insurance in New York is American Family. It has solid scores from AM Best and the NAIC, and the lowest home insurance rates of any company we ranked. In fact, it offers rates nearly $1,000 below average.

Cheapest homeowners insurance companies in New York

Below are New York home insurance rates by company for five different levels of dwelling coverage, each with $300,000 in liability and a $1,000 deductible.

Based on our analysis, American Family offers the cheapest home insurance in New York for $300,000 in dwelling coverage, $300,000 in liability, and a $1,000 deductible at $914 per year. It also offers the most affordable rates at every other coverage level.

Company	$200,000	$300,000	$400,000	$600,000	$1,000,000
American Family	$794	$914	$1,151	$1,633	$2,514
NYCM Insurance	$849	$1,108	$1,348	$1,977	$3,433
State Farm	$837	$1,264	$1,704	$2,665	$4,606
Nationwide	$1,120	$1,540	$1,958	$2,877	$4,602
AIG	$1,239	$1,564	$2,072	$2,998	$4,862
Travelers	$1,173	$1,606	$2,077	$3,092	$5,111
Heritage Insurance	$1,280	$1,663	$2,008	$2,835	$5,077
Allstate	$1,554	$1,876	$2,322	$3,285	$5,273
Chubb	$1,405	$1,987	$2,563	$3,726	$6,056
Farmers	$2,325	$3,330	$4,456	$6,844	$10,971

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How much is home insurance in New York?

The average cost of homeowners insurance in New York is $1,816 annually or $151 monthly. That's based on coverage of:

$300,000 dwelling
$300,000 liability
$1,000 deductible
2% hurricane deductible

Your rates will vary based on where you live, your home and the coverage you need.

New York homeowners insurance rates by ZIP code

Where you live has a big impact on home insurance rates, so rates vary greatly depending on your ZIP code.

Most expensive ZIP codes in New York

New York homeowners insurance rates are the most expensive for ZIP code 11976, with an average annual cost of $3,617.

ZIP code	Annual annual rate
11976	$3,617
11978	$3,519
11968	$3,506
11954	$3,494
11975	$3,493
11932	$3,492

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Least expensive ZIP codes in New York

New York homeowners insurance rates are the least expensive for ZIP code 14515, with an average annual cost of $1,265.

ZIP code	Average annual rate
14515	$1,265
14514	$1,268
14468	$1,268
14586	$1,275
14445	$1,275
14086	$1,275

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New York homeowners insurance rates by county

The cost of homeowners insurance in New York varies by county. Find your county below to see how rates in your area compare to the state average.

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Average annual premium

$1,336

$3,057

County	Average annual premium	Average monthly premium
Albany	$1,571	$131
Allegany	$1,497	$125
Bronx	$2,641	$220
Broome	$1,465	$122
Cattaraugus	$1,511	$126
Cayuga	$1,479	$123
Chautauqua	$1,494	$125
Chemung	$1,420	$118
Chenango	$1,583	$132
Clinton	$1,647	$137
Columbia	$1,624	$135
Cortland	$1,472	$123
Delaware	$1,624	$135
Dutchess	$1,567	$131
Erie	$1,392	$116
Essex	$1,639	$137
Franklin	$1,640	$137
Fulton	$1,587	$132
Genesee	$1,445	$120
Greene	$1,670	$139
Hamilton	$1,650	$137
Herkimer	$1,636	$136
Jefferson	$1,603	$134
Kings	$2,517	$210
Lewis	$1,635	$136
Livingston	$1,407	$117
Madison	$1,479	$123
Monroe	$1,336	$111
Montgomery	$1,575	$131
Nassau	$2,643	$220
New York	$2,701	$225
Niagara	$1,343	$112
Oneida	$1,658	$138
Onondaga	$1,437	$120
Ontario	$1,394	$116
Orange	$1,673	$139
Orleans	$1,414	$118
Oswego	$1,511	$126
Otsego	$1,587	$132
Putnam	$1,778	$148
Queens	$2,425	$202
Rensselaer	$1,565	$130
Richmond	$2,298	$192
Rockland	$1,704	$142
Saratoga	$1,523	$127
Schenectady	$1,552	$129
Schoharie	$1,669	$139
Schuyler	$1,481	$123
Seneca	$1,483	$124
St. Lawrence	$1,620	$135
Steuben	$1,504	$125
Suffolk	$3,057	$255
Sullivan	$1,680	$140
Tioga	$1,467	$122
Tompkins	$1,448	$121
Ulster	$1,644	$137
Warren	$1,595	$133
Washington	$1,608	$134
Wayne	$1,399	$117
Westchester	$1,814	$151
Wyoming	$1,471	$123
Yates	$1,468	$122

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New York homeowners insurance calculator

Enter your ZIP code in the search box to see that area's average home insurance rate and the highest and lowest premiums fielded from major insurers. Comparing home insurance rates will give you an idea of how much you can save.

Home insurance calculator by ZIP code

Average home insurance rates in Texas

Most & least expensive ZIP codes for homeowners insurance in Texas

Most expensive
Least expensive

ZIP code	City	Highest rate
77550	Galveston	$10,164
77586	El Lago	$9,906
77551	Galveston	$9,536
77554	Galveston	$9,358

ZIP code	City	Lowest rate
78559	Iglesia Antigua	$1,956
78593	Santa Rosa	$1,999
79915	El Paso	$2,008
79905	El Paso	$2,009

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The New York Department of Financial Services says...

Each of New York City's five boroughs constitutes a separate rating territory for homeowners insurance but have one protection classification. Outside of the five NYC boroughs companies assign territories based on their own individual experience and assign protection classification factors based on the level of fire protection in the area.

- The New York Department of Financial Services

New York home insurance trends

What’s affecting home insurance in New York? Here’s what you need to know

New York governor Kathy Hochul signed two new insurance bills that will affect home insurance, Insurance Business Magazine reports.. One allows parametric policies that cover specific weather-related events, and the other expands access to C-MAP, which helps find coverage for coastal homes.
Two home insurance companies have left New York, according to CBS News New York. Adirondack Insurance Exchange and its subsidiary Mountain Valley Indemnity are exiting the market. The exit largely impacts Long Island residents.
New York could follow states like Florida and Louisiana into an insurance crisis; the warning comes after a report from the New York Civil Justice Institute on high rates in the state.
According to S&P Global, New York homeowners insurance rates rose by 19% from 2018-2023.

Homeowners insurance rates in New York by city

Below are some sample rates for different cities in New York. You’ll notice that rates often vary by city.

City	Average annual rate
New York	$2,688
Mount Vernon	$2,116
New Rochelle	$2,043
Yonkers	$2,019
Utica	$1,674
Albany	$1,656
Schenectady	$1,575
Buffalo	$1,558
Syracuse	$1,543
Rochester	$1,483

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Homeowners insurance discounts in New York

If the cost of your coverage is unaffordable, there are many ways to lower your premium. Many insurers will lower your bill if you purchase more than one type of insurance policy from them. This is called bundling, and can cut your costs by up to 17%, on average statewide, based on Insurance.com’s discount data analysis. But, depending on your insurance company and homeowner profile, you could receive a higher or lower discount.

You can also cut your costs by making your home more disaster-resistant. Installing hurricane glass or accordion shutters might help you get a discount.

Other possible home insurance discounts include:

Installing smoke detectors, a burglar alarm or deadbolts: 2%, 5%, and 1%, respectively
Installing a sprinkler system and a fire and burglar alarm: 6% to 7% percent
Loyalty discounts: about 7% on average after three to five years and 7% for ten years or more

Methodology

Insurance.com commissioned Quadrant Data Services in 2023 to provide homeowners insurance rates across all New York ZIP codes for dwelling coverage ranging from $200,000 to $1,000,000 with liability limits of $300,000 and a $1,000 deductible (2% for hurricanes). The content is updated for 2025

Frequently asked questions: New York home insurance

What can you do if you can't find home insurance in New York?

The New York Property Insurance Underwriting Association offers the FAIR Plan for property owners who can't get home insurance elsewhere.

A FAIR Plan offers coverage similar to any home insurance policy. It protects against fire, lightning, explosion, vandalism, snow damage and other perils. It also offers extended coverage for windstorms and hail coverage.

However, FAIR Plan coverage is typically more restrictive and expensive than standard homeowners insurance.

How do I file a complaint against my home insurance company in New York?

The New York Department of Financial Services is the place to go if you need to file a complaint about a home insurance company.

You can also file an online complaint using a Consumer Complaint Form. When you file a complaint, you'll need your insurance company's name, the policy number and claim number, if appropriate, and related documents, such as letters and photos, and information about the issue.

Does New York home insurance cover floods?

Flood insurance isn't part of a regular home insurance policy. Instead, homeowners need to buy a separate policy either through the National Flood Insurance Program (NFIP) or a home insurer that works with the NFIP.

Learn more about flood insurance in New York here.

How do hurricane and windstorm deductibles work in New York?

New York is one of 19 states that allows hurricane deductibles. Home insurance companies may include a hurricane deductible on your policy.

Hurricane or windstorm deductibles are usually between 1% and 5%. So, if your home has a hurricane or windstorm deductible, you’ll be responsible for that part of the claim.

If your home is a candidate for a hurricane deductible, you discuss it with the insurance company. An insurer may waive the deductible if you lower the home's risk by adding hurricane shutters.