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The average cost of home insurance in New York is $1,728 a year, or $144 a month. The national average annual rate for home insurance is $2,777, placing New York homeowners insurance rates well below average.

The cheapest New York homeowners insurance company is New York Central Mutual (NYCM), among the carriers surveyed. NYCM home insurance rates average $1,083 a year, or $90 a month, about $700 below the state average.

American Family ranked as the best home insurance company in New York overall.

The cost of homeowners insurance in New York varies by location and company. New York City has much higher rates than Rochester, for example.

Below, we'll provide New York homeowners insurance rates by ZIP code, coverage level, and more to help you find the best New York home insurance.

Key takeaways

  • Homeowners insurance in New York costs $1,728 a year on average but varies widely by location within the state.
  • New York Central Mutual (NYCM) is the cheapest New York homeowner’s insurance provider, with an average annual rate of $1,083.
  • American Family, Travelers and AIG are among the best homeowners insurance companies in New York.

How much is homeowners insurance in New York?

The average cost of homeowners insurance in NY is $1,728 annually. That's based on coverage of:

  • $300,000 dwelling
  • $300,000 liability
  • $1,000 deductible
  • Hurricane deductible of 2%

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

Best homeowners insurance companies in New York

The following are the best homeowners insurance companies based on an analysis of average annual rates, AM Best financial stability ratings and NAIC complaint ratios.

With a score of 4.53, American Family ranks as the best insurance company in New York, with a very low complaint ratio and low average annual rates balancing a slightly lower AM Best rating (A is still excellent).

Best home insurance companies in New York
CompanyAM BestAverage annual rateNAIC complaint score
American FamilyA$1,0100.64.53
State FarmA++$1,3141.074.48
Chubb LtdA++$1,9640.164.37

Cheapest homeowners insurance companies in New York

NYCM Insurance, American Family and State Farm are the cheapest homeowners insurance companies in New York. These rates were fielded for nearly every ZIP code in the state from top companies.

Below are average home insurance rates at various dwelling coverage levels, all with $300,000 in liability and a $1,000 deductible.

Cheapest home insurance rates in New York by coverage level
NYCM Insurance$831$1,083$1,308$1,586$1,913
American Family$861$1,010$1,278$1,593$1,847
State Farm$864$1,314$1,777$2,274$2,785
Heritage Insurance Holdings$1,251$1,619$1,953$2,339$2,750
Chubb Ltd$1,390$1,964$2,533$3,115$3,680

New York homeowners insurance rates by ZIP code

Many factors affect home insurance rates. Chief among them is where you live, which is why rates vary a great deal depending on your ZIP code.

The most expensive ZIP codes in New York are:

ZIP codeAverage annual rate
11976$ 3,469
11978$ 3,368
11949$ 3,324
11968$ 3,238
11932$ 3,224

The cheapest ZIP codes in New York are:

ZIP codeAverage annual rate
14515$ 1,205
14514$ 1,207
14468$ 1,208
14586$ 1,212
14445$ 1,213

New York homeowners insurance calculator

Enter your ZIP code in the search box to see the average home insurance rate for that area and the highest and lowest premium fielded from major insurers. Comparing home insurance rates will give you an idea of how much you can save. The difference between the highest rate and the lowest rate is how much you can save by shopping around.


Average home insurance rates in CALIFORNIA

94404 - Foster City
Dwelling $200,000, Deductible $1,000 and Liability $100,000.



Most & least expensive zip codes for homeowners insurance in California

Most Expensive

Zip CodeCityHighest Rate
92391Twin Peaks$1,426
92321Cedar Glen$1,425
92352Lake Arrowhead$1,423

Least Expensive

Zip CodeCityLowest Rate
95051Santa Clara$743

Homeowners insurance rates in New York by city

Though you can see how much coverage costs for your neighborhood by using our average rates tool above, you may want to know the cost of a policy in your city, and how it compares to others. Take a look at the rates for major cities in New York.

CityAverage rate
New Rochelle$2,393
Mount Vernon$2,471
New York City$2,797

Homeowners insurance discounts in New York

There are several ways to reduce your New York home insurance costs. Many insurers will lower your bill if you purchase more than one type of insurance policy from them. This process – known as "bundling" – can cut your costs by up to 17%, on average statewide, based on’s discount data analysis. But, depending on your insurance company and homeowner profile, it could be higher or lower.

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

Frequently asked questions: New York home insurance

What can you do when denied 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 more expensive – than standard homeowners insurance.

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

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.

Is flood insurance covered by New York home insurance?

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.

Compare homeowners insurance rates by city in New York

Home insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on home insurance for your specific city in New York.

CityAnnual insurance premium
New York
$1,029 commissioned Quadrant Data Services in 2022 to provide homeowners insurance rates across all New York ZIP codes for dwelling coverage ranging from $200,000 to $600,000 with liability limits of either $100,000 or $300,000 and a $1,000 deductible (2% for hurricanes). Content is updated for 2023.

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