- Best homeowners insurance companies in New York
- Cheapest homeowners insurance companies in New York
- How much is home insurance in New York?
- New York homeowners insurance rates by ZIP code
- New York homeowners insurance rates by county
- New York home insurance trends
- Homeowners insurance rates in New York by city
- Homeowners insurance discounts in New York
- Methodology
- FAQ: New York home insurance
- Compare New York homeowners insurance rates with other states
Best homeowners insurance companies in New York
Chubb is the best home insurance company in New York for 2026, receiving 4.8 out of 5 stars. AIG and NYCM Insurance also rank among the top home insurance companies in New York, receiving scores of 4.6 and 4.56, 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.
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.
AIG
AIG is our second-ranked company for home insurance in New York, with a low complaint volume and excellent financial stability. Rates are a little higher than the other top choices, but still below average. Like Chubb, AIG caters to high-value homes and offers extended coverage, but is a great choice for any homeowner.
New York Central Mutual (NYCM)
A regional carrier, NYCM is known for low rates and great customer service. With a low complaint volume and local service, it placed third overall with a score of 4.56. Rates are well below average and among the cheapest carriers.
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 $1,093 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 |
|---|---|---|---|---|---|
| State Farm | $866 | $1,296 | $1,732 | $2,689 | $4,226 |
| Farmers | $2,266 | $3,043 | $3,945 | $5,861 | $9,274 |
| Allstate | $1,726 | $2,123 | $2,657 | $3,772 | $5,731 |
| Nationwide | $1,117 | $1,547 | $1,974 | $2,901 | $4,445 |
| American Family | $866 | $1,093 | $1,347 | $1,778 | $2,156 |
| Travelers | $1,282 | $1,733 | $2,218 | $3,246 | $5,112 |
| AIG | $1,448 | $1,845 | $2,411 | $3,468 | $5,090 |
| Chubb | $1,507 | $2,120 | $2,734 | $4,007 | $5,664 |
| Heritage Insurance Holdings | $1,498 | $2,065 | $2,601 | $3,678 | $5,799 |
| NYCM Insurance | $932 | $1,265 | $1,597 | $2,300 | $3,266 |
How much is home insurance in New York?
The average cost of homeowners insurance in New York is $1,683 annually or $140 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 11930, with an average annual cost of $3,332.
| City | ZIP code | Average Annual Premium |
|---|---|---|
| Amagansett | 11930 | $3,332 |
| Manorville | 11949 | $3,277 |
| Greenport | 11944 | $3,273 |
| Orient | 11957 | $3,273 |
| Shelter Island | 11964 | $3,264 |
Least expensive ZIP codes in New York
New York homeowners insurance rates are the least expensive for ZIP code 13120, with an average annual cost of $1,220.
| City | ZIP code | Average Annual Premium |
|---|---|---|
| Nedrow | 13120 | $1,220 |
| La Fayette | 13084 | $1,223 |
| Morton | 14508 | $1,224 |
| Skaneateles Falls | 13153 | $1,229 |
| Marietta | 13110 | $1,236 |
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.
| County | Average annual premium | Average monthly premium |
|---|---|---|
| Albany | $1,413 | $118 |
| Allegany | $1,473 | $123 |
| Bronx | $2,479 | $207 |
| Broome | $1,342 | $112 |
| Cattaraugus | $1,477 | $123 |
| Cayuga | $1,410 | $117 |
| Chautauqua | $1,469 | $122 |
| Chemung | $1,391 | $116 |
| Chenango | $1,470 | $123 |
| Clinton | $1,585 | $132 |
| Columbia | $1,563 | $130 |
| Cortland | $1,440 | $120 |
| Delaware | $1,462 | $122 |
| Dutchess | $1,410 | $117 |
| Erie | $1,384 | $115 |
| Essex | $1,577 | $131 |
| Franklin | $1,571 | $131 |
| Fulton | $1,545 | $129 |
| Genesee | $1,315 | $110 |
| Greene | $1,587 | $132 |
| Hamilton | $1,574 | $131 |
| Herkimer | $1,411 | $118 |
| Jefferson | $1,425 | $119 |
| Kings | $2,380 | $198 |
| Lewis | $1,452 | $121 |
| Livingston | $1,375 | $115 |
| Madison | $1,310 | $109 |
| Monroe | $1,297 | $108 |
| Montgomery | $1,429 | $119 |
| Nassau | $2,445 | $204 |
| New York | $2,562 | $214 |
| Niagara | $1,339 | $112 |
| Oneida | $1,427 | $119 |
| Onondaga | $1,315 | $110 |
| Ontario | $1,364 | $114 |
| Orange | $1,440 | $120 |
| Orleans | $1,388 | $116 |
| Oswego | $1,349 | $112 |
| Otsego | $1,473 | $123 |
| Putnam | $1,594 | $133 |
| Queens | $2,199 | $183 |
| Rensselaer | $1,450 | $121 |
| Richmond | $1,930 | $161 |
| Rockland | $1,519 | $127 |
| Saratoga | $1,368 | $114 |
| Schenectady | $1,397 | $116 |
| Schoharie | $1,552 | $129 |
| Schuyler | $1,436 | $120 |
| Seneca | $1,406 | $117 |
| St. Lawrence | $1,438 | $120 |
| Steuben | $1,485 | $124 |
| Suffolk | $2,799 | $233 |
| Sullivan | $1,584 | $132 |
| Tioga | $1,439 | $120 |
| Tompkins | $1,411 | $118 |
| Ulster | $1,481 | $123 |
| Warren | $1,501 | $125 |
| Washington | $1,549 | $129 |
| Wayne | $1,372 | $114 |
| Westchester | $1,667 | $139 |
| Wyoming | $1,418 | $118 |
| Yates | $1,409 | $117 |
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 TexasMost & least expensive ZIP codes for homeowners insurance in Texas
| 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 |
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 ServicesNew 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.
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: 4%, 6%, and 1%, respectively
- Installing a sprinkler system and a fire and burglar alarm: 13% percent
- Loyalty discounts: 15%
Methodology
Insurance.com worked with Quadrant Information Services to field homeowners insurance rates in all 50 states and Washington, D.C. We analyzed 20,739,560 insurance quotes from 81 insurance companies across 34,588 ZIP codes to determine the average premiums.
The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:
- $300,000 dwelling coverage
- $300,000 liability protection
- $1,000 deductible
- 2% hurricane deductible where appropriate.
To rank insurance companies, we used three important factors: average annual cost, NAIC complaint ratio and AM Best financial stability rating. Find the full best insurance companies rating methodology here. The quoted insurance rates are for comparison purposes, and your rates will vary.
FAQ: 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?
No. Flood insurance is not included in a New York homeowners 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.
